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Whale Activity Increases 600% with 9 Trillion SHIB Transacted Shiba Inu has risen 19% in 24 hours to $0.00001337 while the crypto market recovers 6% today. After one of the worst cryptocurrency days in years yesterday, the meme token is down 20% in a week. SHIB is down 18% in a month, yet the currency gained 39% in a year despite the destruction. Large transactions have increased since yesterday's drop, with whales taking advantage of significantly reduced pricing to drive SHIB higher. Shiba Inu Price Soars: 9 Trillion Whales Active Transacted SHIB After yesterday's turmoil, SHIB's signs show the currency is recovering from a hard bottom. Its purple RSI jumped from 20 yesterday to little over 50 today, and although it has lost some recovery momentum, it remains encouraging. Its 30-period moving average (orange) is also rising toward the 200-period average (blue), another indicator of recovery. Data shows that significant trades of $100,000 or more have increased from 1.53 trillion SHIB yesterday to 9 trillion SHIB today, suggesting that some traders bought the decline. These transactions may be sales, but they imply a large rise and that some whales are collecting SHIB again. This may help the meme token rebound in the following days and weeks, but a durable macroeconomic recovery is needed. Concerns about the US economy and job creation have lowered morale. Fears may increase the likelihood of a Federal Reserve rate decrease at the next chance. Confidence and bullishness would rise, raising bitcoin values. SHIB's environment makes it one of the strongest meme tokens. Has its own DEX, ShibaSwap, layer-two network, and popular P2E card-trading game, Shiba Eternity. These may improve SHIB demand over time, as the Shiba Inu price rises in the coming months. It might hit $0.00002 by Q4 and $0.00004 by year's end. #SHIB $SHIB #BinanceTurns7 #Memecoins #WhaleAlert
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Bonk price jumps 14% as investors snap up bargains on $500 million in volume The market as a whole has grown, with meme coins seeing an average gain of 12.92%, while the BONK price in particular has surged by 14.33% in the last day. Right now, the market signs are pointing to the possibility of further increases. This current surge is a welcome change from BONK's prior price trend, which was a steep 27.48% loss since last Tuesday, mirroring the market sentiment of other prominent cryptocurrencies. Even if it has made a partial recovery, BONK has lost 9.76% in the last month, wiping out much of the gains over the last few weeks. Trading volume peaked at almost 500 million in the past day, indicating that traders are eager to take advantage of these cheaper pricing. Looking at the charts more closely, it seems that BONK is doing well. Bonk price chart accompanied with analytical data. Binance is the source. The most important development is that after falling below $0.00001815 yesterday, BONK has recovered this crucial long-term support level. What this means is that the asset's fundamental demand is still high, even with the decline, This is supported by the fact that the meme coin's relative strength index (RSI) (purple) is now hovering around 60, having been suppressed below 50 for the last four days. Despite being neutral, the extended period spent stuck in the negative to oversold area makes a move into bullish territory all the more noteworthy. There may be a turning point in the price of BONK at this moment. The 20-day moving average (yellow) has broken the downtrend that has persisted for the previous two weeks, lending credence to this. The 200-day moving average (blue) is still in a downtrend, suggesting that the long-term trend is still negative even if the short-term trend is improving. Since Bonk is on the mend, it's not unreasonable to anticipate further gains in the near future; the $0.000022 level should be closely monitored. #BONK $BONK #BinanceTurns7 #Whale.Alert
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XRP "Whales" Purchase Millions of Tokens During 20% Price Drop XRP "whales" are buying more tokens when the price is low. Following a severe selloff in the broader cryptocurrency market, where the value of other cryptocurrencies fell precipitously, XRP just bottomed out at $0.438. Within a day, the price of XRP dropped by a tremendous 20% due to this severe selloff. Data from on-chain transactions shows that some big investors, or "whales," seem unfazed by this precipitous decline. As a result of the recent price drops, these investors are buying more XRP on several exchanges. Massive XRP Purchase by Whales A fascinating accumulating tendency among XRP investors is shown by recent data from the whale transaction tracker Whale Alerts. Multiple large XRP transactions to and from different exchanges have been detected by Whale Alerts during the last 48 hours. Moving large quantities of XRP from cryptocurrency exchanges to anonymous, private wallets is the bulk of these transactions. The most recent massive transaction was the "rhWj9g" private wallet receiving 26.69 million XRP tokens, with a market value of $13.6 million, from the Binance exchange. This move is in line with a larger pattern noticed by Whale Alerts, which shows that 157,000,000 XRP tokens, with a combined value of around $75.16,000,000, have been transferred from cryptocurrency exchanges to individual wallets in the last day. Most of these transfers really started with Binance, which is rather interesting. Curiously, the data also points to a probable selloff transaction, when a private wallet deposited 31.7 million XRP tokens, worth $15.1 million, into Bitstamp. It seems that not all whales are accumulating, since this action goes against the norm. Looking at the data from the last 48 hours, it shows that 228.54 million XRP tokens, with a total value of $108.78 million, have been transferred from cryptocurrency exchanges to private wallets, according to Whale Alerts. #BTCMarketPanic #XRP #Ripple #WhaleAlert $XRP
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As the Market Collapses, Bitcoin's Fear & Greed Index Falls to 17 The weekend's effects on Bitcoin from Japan's markets carried over into Monday's opening bell on Wall Street. Today, Bitcoin was valued at $49,200, as reported by CoinMarketCap. Wars are happening, and many are afraid that World War III may break out. A number of traders have lost trust in the market as a result of the recent panic in US markets. People who deal in Bitcoin are "extremely afraid" The Bitcoin Fear and Greed Index is now at 17, indicating a level of "Extreme Fear" attitude, according to statistics from Alternative.me. With a 6.7% increase from yesterday, Ethereum (ETH), the second biggest cryptocurrency, is now valued $2,460.54. After losing $2 trillion a day ago, the total value of all cryptocurrencies has recovered to $2.04 trillion, an increase of 8.15 percent. There was a $1.2 billion liquidation of crypto traders yesterday. Nevertheless, the current figure is rather low. In the recent day, 90,041 trades were liquidated, with a total of $363.66 million being reported by Coinglass. Binance has the highest single liquidation order of $13.42M for ETH/USDT. The cryptocurrency market has fallen to its lowest point in six months, but many are predicting a comeback soon. "The current correction has the potential to result in the bear trap of this cycle," commented Michaël van de Popp, founder of MN Consultancy, on X, on August 6. The market lost $1.2 billion in value as a result of massive surrender, which was caused by leveraged holdings. Get some rest today; there's a ton of work to do. New geopolitical conflicts have emerged in the Middle East alongside the market's recovery. Northern Israel has been targeted by drone assaults conducted by Hezbollah. Within the next day or two, both Iran and Hezbollah will affirm that they would retaliate against Israel. #BTCMarketPanic #RecessionOrDip? #MarketDownturn #BTC $BTC
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Bitcoin Remains at $50,000 As Dealer Compares Sell-off to 2015-2017 Halving Bull Market
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