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๐Ÿ“ฃ $๐Ÿฎ๐Ÿฎ ๐— ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป ๐—ถ๐—ป ๐—ซ๐—ฅ๐—ฃ ๐—•๐—ผ๐˜‚๐—ด๐—ต๐˜ ๐—ผ๐—ป ๐—•๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ฒ ๐—ฏ๐˜† ๐—˜๐—ป๐—ถ๐—ด๐—บ๐—ฎ๐˜๐—ถ๐—ฐ ๐—ช๐—ต๐—ฎ๐—น๐—ฒ๐˜€ Prominent blockchain tracker Whale Alert, which tracks down large cryptocurrency transfers, spreads the word about two mysterious crypto whales that have pocketed 44 million XRP between the two of them. These transactions have taken place while the XRP price demonstrated a marginal decline of slightly less than 4%. Two anonymous whales withdrew 23,037,429 XRP and 20,980,252 XRP from the Binance exchange. These crypto lumps were evaluated at $11,550,284 and $10,603,607 at the time of these transfers. โš ๏ธ Is Shiba Inu (SHIB) Finished? Ethereum (ETH) About to Get Tested, Cardano (ADA) Finally Enters Uptrend ๐Ÿšจ ๐Ÿฎ๐Ÿฌ,๐Ÿต๐Ÿด๐Ÿฌ,๐Ÿฎ๐Ÿฑ๐Ÿฎ #๐—ซ๐—ฅ๐—ฃ (๐Ÿญ๐Ÿฌ,๐Ÿฒ๐Ÿฌ๐Ÿฏ,๐Ÿฒ๐Ÿฌ๐Ÿณ ๐—จ๐—ฆ๐——) transferred from #Binance to unknown wallet โ€” Whale Alert ๐Ÿ”บ ๐—ฅ๐—ฒ๐—ฐ๐—ฒ๐—ป๐˜ ๐—ซ๐—ฅ๐—ฃ ๐˜„๐—ถ๐˜๐—ต๐—ฑ๐—ฟ๐—ฎ๐˜„๐—ฎ๐—น๐˜€ ๐—ณ๐—ฟ๐—ผ๐—บ ๐—•๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ฒ Binance has recently been seeing regular withdrawals of large XRP chunks made by anonymous whales; those transactions are always more or less similar in size to those mentioned above. Data from the Bithomp cryptocurrency explorer focused on XRP, however, has revealed some further details of these transactions. The data shared by it shows that the anonymous wallets are linked to Binance as well. Therefore, the recent series of multi-million XRP transfers seem to be nothing but internal XRP movements initiated by the worldโ€™s largest crypto trading platform. ๐Ÿ”บ ๐Ÿฏ๐Ÿฌ.๐Ÿฑ ๐—บ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป ๐—ซ๐—ฅ๐—ฃ ๐—ต๐—ฒ๐—ฎ๐—ฑ๐—ฒ๐—ฑ ๐—ณ๐—ผ๐—ฟ ๐—•๐—ถ๐˜๐˜€๐˜๐—ฎ๐—บ๐—ฝ Whale Alert also reported that a hefty transaction carrying 30,350,000 XRP was made to large digital currency exchange Bitstamp. The transfer was made by an unknown wallet and was worth $15,920,021 in fiat at the time it was made. According to the aforementioned Bithomp analytics platform, the transaction was initiated by a wallet linked to Ripple Labs behemoth. Bitstamp is among many cryptocurrency exchanges that collaborate with Ripple on its global payments service. $XRP #XRP

๐Ÿ“ฃ $๐Ÿฎ๐Ÿฎ ๐— ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป ๐—ถ๐—ป ๐—ซ๐—ฅ๐—ฃ ๐—•๐—ผ๐˜‚๐—ด๐—ต๐˜ ๐—ผ๐—ป ๐—•๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ฒ ๐—ฏ๐˜† ๐—˜๐—ป๐—ถ๐—ด๐—บ๐—ฎ๐˜๐—ถ๐—ฐ ๐—ช๐—ต๐—ฎ๐—น๐—ฒ๐˜€

Prominent blockchain tracker Whale Alert, which tracks down large cryptocurrency transfers, spreads the word about two mysterious crypto whales that have pocketed 44 million XRP between the two of them.

These transactions have taken place while the XRP price demonstrated a marginal decline of slightly less than 4%.

Two anonymous whales withdrew 23,037,429 XRP and 20,980,252 XRP from the Binance exchange. These crypto lumps were evaluated at $11,550,284 and $10,603,607 at the time of these transfers.

โš ๏ธ Is Shiba Inu (SHIB) Finished? Ethereum (ETH) About to Get Tested, Cardano (ADA) Finally Enters Uptrend

๐Ÿšจ ๐Ÿฎ๐Ÿฌ,๐Ÿต๐Ÿด๐Ÿฌ,๐Ÿฎ๐Ÿฑ๐Ÿฎ #๐—ซ๐—ฅ๐—ฃ (๐Ÿญ๐Ÿฌ,๐Ÿฒ๐Ÿฌ๐Ÿฏ,๐Ÿฒ๐Ÿฌ๐Ÿณ ๐—จ๐—ฆ๐——) transferred from #Binance to unknown wallet โ€” Whale Alert

๐Ÿ”บ ๐—ฅ๐—ฒ๐—ฐ๐—ฒ๐—ป๐˜ ๐—ซ๐—ฅ๐—ฃ ๐˜„๐—ถ๐˜๐—ต๐—ฑ๐—ฟ๐—ฎ๐˜„๐—ฎ๐—น๐˜€ ๐—ณ๐—ฟ๐—ผ๐—บ ๐—•๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ฒ

Binance has recently been seeing regular withdrawals of large XRP chunks made by anonymous whales; those transactions are always more or less similar in size to those mentioned above.

Data from the Bithomp cryptocurrency explorer focused on XRP, however, has revealed some further details of these transactions. The data shared by it shows that the anonymous wallets are linked to Binance as well. Therefore, the recent series of multi-million XRP transfers seem to be nothing but internal XRP movements initiated by the worldโ€™s largest crypto trading platform.

๐Ÿ”บ ๐Ÿฏ๐Ÿฌ.๐Ÿฑ ๐—บ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป ๐—ซ๐—ฅ๐—ฃ ๐—ต๐—ฒ๐—ฎ๐—ฑ๐—ฒ๐—ฑ ๐—ณ๐—ผ๐—ฟ ๐—•๐—ถ๐˜๐˜€๐˜๐—ฎ๐—บ๐—ฝ

Whale Alert also reported that a hefty transaction carrying 30,350,000 XRP was made to large digital currency exchange Bitstamp. The transfer was made by an unknown wallet and was worth $15,920,021 in fiat at the time it was made.

According to the aforementioned Bithomp analytics platform, the transaction was initiated by a wallet linked to Ripple Labs behemoth. Bitstamp is among many cryptocurrency exchanges that collaborate with Ripple on its global payments service.

$XRP #XRP

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๐Ÿ“Š Meme Coin Traders Turn Bullish as #PEPE Breaks All-Time High The cryptocurrency market witnessed a notable surge as meme coin PEPE hit an all-time high on May 13, 2024, reaching $0.00001088. This remarkable milestone propelled PEPE to a market cap of $4.5 billion, surpassing established tokens like Uniswap (UNI) and Render (RNDR). ๐Ÿ”ธ Meme Coin PEPE Reaches New All-Time High The bullish momentum surrounding PEPE has caught the attention of traders and analysts, fueling optimism for its future performance. Indeed, PEPEโ€™s unprecedented rise in value has been a topic of intense discussion within the cryptocurrency market. Technical analysts such as Nebraskan Goner and Koroush AK attribute this surge to the coinโ€™s growing popularity and increased trading volume. The meme coinโ€™s success reflects a broader trend where digital assets, initially created as internet jokes, gain substantial market traction and investor confidence. Moreover, renowned crypto trader MacnBTC shared his insights on PEPEโ€™s potential trajectory. โ€œPEPE weekly looks crazy. I have seen this setup many times, will likely consolidate here, break out next week, and pump to 1.618 ($0.00001555),โ€ MacnBTC said. His analysis suggests that PEPE might experience a brief consolidation period before embarking on another upward trend, potentially pushing its value even higher. In conclusion, PEPEโ€™s recent achievements have solidified its position as a noteworthy player in the crypto market. With analysts predicting further price growth, the meme coinโ€™s trend is one to watch closely. $PEPE
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โš ๏ธ Solana (SOL) Skyrockets 1,966% in Fund Flows: Is Solana ETF Possibility? As became known, Solana (SOL) has experienced an unprecedented surge of 1,966% in fund inflows in the past week, firmly establishing itself as a standout leader in alternative cryptocurrency-focused investment products over the past week. According to the latest report from CoinShares, a substantial $5.9 million was directed toward SOL-related products within this short time frame. This surge not only reaffirms SOL's dominance but also marks a nearly twenty-fold increase in inflows into Solana ETPs, totaling an impressive $17 million since the beginning of the year. Contrary to this notable uptrend in SOL, the broader market landscape paints a different picture. While investment products for digital assets witnessed a commendable $130 million inflow, volumes for ETPs experienced a significant decline, dropping from April's $17 billion to $8 billion. ๐Ÿ”ธ When Solana ETF? Amid growing interest from traditional investors in SOL, speculation arises regarding the feasibility of a Solana ETF. However, the potential for such an ETF is closely tied to the fate of the Ethereum ETF. With it facing regulatory obstacles, the path to a Solana ETF appears equally challenging. Notably, regulatory ambiguity surrounds Ethereum ETF status, with the SEC's classification of SOL as an unregistered security in last year's case against the Kraken exchange adding to the uncertainty. As investors await clarity on the ETF front, the prospect of a Solana ETF remains speculative, contingent upon regulatory developments and the resolution of Ethereum's ETF dilemma. $SOL #SOL
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๐Ÿ“‰ Polygon (MATIC) May Witness Further Downside as Demand Declines Polygon (MATIC) is at risk of extending its losses as demand for the altcoin continues to fall among market participants. If bearish pressure mounts, MATIC is expected to continue its ongoing downtrend, which might send it below $0.65. ๐Ÿ”ธ Polygon Battles Low Demand MATIC trades at $0.67 at the time of writing, logging a 13% price decline in the last month. The drop in the price of the altcoin is due to the steady fall in demand in the past few weeks. Assessed using a 30-day moving average, the count of the daily active addresses that have completed at least one MATIC transaction has trended downward since April 20. As of May 12, this was 356,000, representing a 16% decline in the number of addresses involved in MATIC transactions in the month. The period under review has also been marked by a decrease in the demand for MATIC. MATICโ€™s Network Growth, which tracks the daily number of new addresses created to trade MATIC, has declined since April 20. Between April 20 and May 12, new demand for MATIC dropped by 15%. When an assetโ€™s network activity declines in this manner, it means that fewer market participants are buying and selling the asset, resulting in less trading volume. With fewer traders in the market, the market becomes less liquid, putting bearish pressure on the assetโ€™s price. ๐Ÿ”ธ MATIC Price Prediction: More Losses for Holders? MATICโ€™s Relative Strength Index (RSI), which sat below the neutral line of 50.0 at the time of writing, signaled that market participants favored token distribution over accumulation. This indicator is a momentum oscillator that measures the speed and change of price movements. It typically ranges from 0 to 100, with levels above 70 indicating overbought conditions and below 30 signaling oversold conditions. At 39 and in a downtrend, MATICโ€™s RSI shows that selling activity outpaced buying activity as demand for the altcoin continues to plummet. $MATIC #MATIC
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๐Ÿ“ˆ Pepe Coin Price: Upsurge In Whale Activity Props PEPE For $0.000013 In May? The meme coin craze carries on even asย Bitcoinย and major altcoins like Ethereum, Binance Coin, Solana, and more battle to find direction. As discussed earlier,ย Shiba Inu price analysisย revealed thatย meme coinsย are likely to get more attention, especially from traders searching for alternative assets to avoid the lethargic overall price action in the market. Pepe Coin price prediction, for instance, portrays the potential to uphold the uptrend targeting a new record high. ๐Ÿ”ธ Whatโ€™s Next As PEPE Surges In Double-Digits Pepe Coin stands out as one of the trending cryptocurrencies onย CoinMarketCapย on Monday. Its value increased by more than 11% in 24 hours to trade at $0.0000972 during US business hours. The uptick in price was accompanied by a notable increase in the trading volume by 142% to $1.06 billion, propelling PEPE into the top ten most traded coins. A subsequent surge in the overall market value by 10% to $4.08 billion reinforced the tight bullish grip. This analysis seeks to assess PEPEโ€™s technical and fundamental structure amid the hope for a breakout to $0.000013 in May. Altcoins, especially those known for being highly volatile are likely to stage price movements during this time as Bitcoin consolidates. While such movements could be limited within key ranges, they indicate the potential for increased value growth in the coming weeks. ๐Ÿ”ธ Pepe Coin Price Prediction: How To Navigate PEPEโ€™s Volatility Therefore, the ongoing surge inย Pepe Coinย has the potential to reach the highest level in Q1 of $0.00001083. Note that the frog-themed token holds above several key levels, starting with the 200-day Exponential Moving Average (EMA) at $0.000004437, the 50-day EMA at $0.0000072 and the 20-day EMA at $0.00000801. Sitting above bull market indicators as observed signals the potential to uphold the uptrend. $PEPE #PEPE #memecoin
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๐Ÿ“Š Binance trading volumes spike 72% despite market decline ๐Ÿ”ธ In April, derivatives trading volume on the largest exchanges decreased by 1.4% month-on-month. However, futures trading volumes on Binance, the largest centralized exchange (CEX), rose more than 72% in April compared to March. According to the Wu Blockchain team, the sharp increase in trading volume is due to Binance introducing a time-limited fee discount for USDC perpetual contracts, which led to a rise in trading volume for perpetual agreements. However, excluding this, the total trading volume in April decreased by 26.6% compared to the previous month. The three largest declines in futures trading volumes were the exchanges Bitget at 16.1%, Crypto.com at 15.6%, and HTX at a 13.4% decline. Spot trading volume fell even further, down nearly 38% month-on-month. Of all exchanges, Gate was the only one to see an uptick in activity at 13.7%. The exchanges that took the biggest hits were Kucoin at 70.8%, Upbit with a 57.5% decline, and Bitfinex with a 47.7% decrease. In early April, Binance Futures introduced a trading fee discount for all USDC-margined perpetual contracts. During the promotion, all Binance users received discounts when trading any USDC-margined perpetual contracts. The promotion began shortly after Binance founder Changpeng Zhao was sentenced to four months in prison due to violating the Bank Secrecy Act, and the exchange was fined $4.4 billion as a result. ๐Ÿ”ธ Zhao pleaded guilty and made a deal with the investigation, resigning as CEO of Binance and agreeing to pay a $50 million fine. #binance #bnb $BNB
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