Hi Guys,

Who is Active to watch market. It's Big & Big #alert about $INJ 12% Daily Rally !!!

Injective (INJ) Jumps by 12% Daily to $30, Bitcoin $BTC Calms at $71K (Market Watch)

BRETT is the leader in terms of daily gains, having soared by more than 25%.

The inflows into the spot Bitcoin ETFs have been nothing short of impressive in the past several days, but BTC has failed to make a major move out of its current trading range of around $70,000 to $71,000.

The altcoins are also quite sluggish on a daily basis, with BCH emerging as the top performer from the larger caps.
BTC Stalls at $71K

As reported over the weekend, the trading action during that period was quite uneventful. BTC had recovered some ground following the late Friday drop and stood at around $67,500.

However, the market picked up on Monday, and bitcoin quickly pumped to over $70,000. It failed there at first as the bears stopped the rally, but BTC was not confined and initiated another leg up that propelled an impressive rally to a multi-week peak of $71,767 amid the growing ETF inflows.

Since then, though, the asset has failed to maintain its run, even though the ETFs continue to experience substantial inflows. As of now, the cryptocurrency trades at $71,000 once again, with its market cap standing still at $1.4 trillion.

Its dominance over the altcoins has not moved either, sitting at 50.4% on CG at the time of this writing.

INJ, BRETT, JASMY on a Roll

Most of the larger-cap alts have mimicked BTC’s performance in the past few days, meaning that they sit quietly on a daily scale now, too. ETH, BNB, DOGE, SOL, SHIB, AVAX, TRX, and DOT are slightly in the red, while XRP, LINK, TON, and ADA have charted insignificant gains.

Bitcoin Cash is the only notable gainer from this cohort of assets, having jumped by 4% to $513. In contrast, FET and KAS have dropped by 3-4%.

The top 100 alts have produced a few double-digit gainers, including BRETT (26%), JASMY (13%), and INJ (12%). In fact, INJ has tapped $30 following today’s surge.

#InjectiveCoin
#Write2Earrn

Hi Guys,

It's Big & Big #OpportunityOfALifetime For Those Who Want to Really Become A Billionaire !!!

Best 5 Crypto Presales to Watch in June 2024 for Explosive Surge

Alongside BlockDAG, other platforms like KangaMoon (KANG) with its engaging Play-to-Earn features, WienerAI (WAI) with AI-driven trading strategies.

Algotech (ALGT) promising cheaper and faster transactions with its Layer 2 solution, and 5th Scape reimagining VR experiences on Ethereum, are making notable strides.

The X1 Mining App, designed to optimize energy use and enhance user experience with a user-friendly interface and effective referral system, allows users to mine up to 20 BDAG coins daily—anticipated to value at $1 each by launch.

Within the broader scope of 2024’s top crypto presales, BlockDAG’s outstanding performance is clear, having raised $45.7 million by selling over 11.1 billion coins at $0.011 each in batch 17, with an upcoming price increase to $0.0122, signaling a prime investment opportunity.

$ALGO
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Hi Guys,

It's Big & Big #alert About $ETH Holding Trade from Several Days.
It's Seeing to Hit $ETH All Time High.Who have some doubts about ETH.

Can Any one Agree to hold this trade.I have already book some profits if anyone holds this trade with me just book some profits and hold it to its All Time High.

Follow MeX.Just Wait and Watch the market and give some time to the market for your profits and happiness.

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Hi Guys,

It's Big & Big #alert About $BTC Whale Add $1 Billion !!!

Enormous Bitcoin Whale Adds $1 Billion in BTC Every Day: Who Is It?

Market is seeing numerous bullish signs appearing, but is it enough to push BTC to new ATH?

Around $1 billion worth of Bitcoin is added every day to a massive new whale wallet, according to the WuBlockchain report, based on CryptoQuant's research.

This surge is probably the result of institutional investors buying Bitcoin and moving it to wallets under custodial care.

Long-term holders have amassed 70,000 BTC over the last 30 days, and whale demand is increasing at a rate of 4.4% per month. A sustained price rally for Bitcoin is anticipated given the improving conditions for the growth of its demand.

Numerous reasons contribute to this demand rebound, including: Growth in large investors and permanent holders: Traders are seeing a quicker increase in the combined balances of large investors and permanent holders. The conviction among long-term holders of Bitcoin is most likely rising.

$1 billion daily inflows: Every day, significant new Bitcoin investors are putting in $1 billion. This substantial investment demonstrates how prominent market participants are becoming more interested in and confident about Bitcoin.

Increase in Bitcoin purchases from spot ETFs in the USA: The demand for Bitcoin has increased as a result of the USA's spot Bitcoin ETF approval and increased activity. This new investment channel increases demand by giving investors a more convenient way to gain exposure to Bitcoin.

Furthermore, traders have exhausted themselves on the market through heavy selling.

The unrealized profit ratio resetting to 0% indicates that there may be less selling pressure now, signaling the start of a new phase of accumulation.

#StartInvestingInCrypto #Write2Earrn #EarnFreeCrypto2024 #BTCTo1Million

Hi Guys,

It's Big & Big #alert Abpit $XRP 150 Million Shifting !!!

Ripple Suddenly Shifts 150 Million XRP into Unknown

Ripple sparks intrigue and speculation by suddenly transferring 150 million XRP tokens to unknown address

Today, Ripple has initiated a large-scale transfer of millions of XRP tokens to an unknown destination. According to Whale Alert, 150 million XRP were moved from the address “rBg2F,” which belongs to Ripple, to the address “rP4X2,” whose owner remains a mystery.

The recipient address, according to Bithomp, was activated in October 2023 by a 70 million XRP transfer from another address, which in turn was activated by a transfer from a Ripple wallet.

Now “rP4X2” holds 173.661 million XRP, taking into account the tokens that came as a result of the recent transfer.

The sudden and mysterious movement of such a significant amount of XRP has left many questioning the future price action of the digital asset and Ripple’s intentions.

🚨 🚨 🚨 🚨 150,000,000 #XRP (78,209,179 USD) transferred from #Ripple to unknown wallet

Speculation among XRP enthusiasts is rampant, with many in the community suggesting that the crypto company might be initiating a sale of the cryptocurrency from its accounts. 

However, the real motive behind moving $78.2 million in XRP to
another address remains unclear. It is possible that this address also belongs to a crypto company, but no definitive information has been confirmed. Related

#StartInvestingInCrypto #Write2Earrn #EarnFreeCrypto2024 #MemeWatch2024

Hi Guys,

It's Big & Big #alert about $ADA Price Prediction for June !!!

Cardano (ADA) Price Prediction for June

Does rate of Cardano (ADA) have enough energy for upward move?

ADA/USD The price of Cardano (ADA) has risen by 0.53% over the last day.

On the hourly chart, the rate of ADA is in the middle of the local channel, between the support of $0.4575 and the resistance of $0.4648. Related

However, if the breakout of the upper level happens, the accumulated energy might be enough for a move to the $0.47 zone.

On the bigger time frame, one should pay attention to the nearest level of $0.4656. If the candle closes near it or above, the upward move may continue to the $0.4750-$0.48 range soon.

A less clear picture can be seen on the weekly chart. In this case, one should focus on the bar's closure in terms of the previous candle's peak.

If it happens above $0.4750, growth may lead to the test of $0.50. Such a scenario is relevant until the end of the month. ADA is trading at $0.4638 at press time.

#StartInvestingInCrypto #Write2Earrn #EarnFreeCrypto2024 #MemeWatch2024

Hi Guys,

It's Big & Big #alert About $BTC to $100,000 !!!

Key Reasons Why Bitcoin Not at $100,000 Yet From Capriole Investments Founder

Charles Edwards has revealed key factors for strong Bitcoin price appreciation he expects to see within next few months

Crypto analyst and founder of the Capriole Investments fund Charles Edwards has taken to the X social media platform to share his take on why the world’s leading cryptocurrency, Bitcoin, has not reached the $100,000 level yet.

He named the key factors that he expects to propel the BTC price upwards within the coming few months. "Why aren't we at $100,000 yet?" Charles Edwards published a thread on X to share the reasons he believes stand between Bitcoin and the much-anticipated $100,000 price mark at the moment.

This price surge has not yet taken place despite the launch of the spot Bitcoin ETFs.

Why aren't we at $100,000 yet? US Bitcoin ETFs have acquired 200% of the Bitcoin mined since launch in mid-January. At $71K, Bitcoin is up 50% since the ETFs launched, but many are asking why not more?

So far, he stated, Bitcoin is up only 50% since January, when the SEC greenlighted the ETFs, and many are wondering why BTC has not surged higher, Edwards pointed out. Bitcoin is changing hands slightly above $71,000 at the time of this writing.

Key factors for strong BTC rise in future First of all, Edwards shared, “We are battling against a bigger force – long-term holder selling.”

According to his tweet, the number of long-term Bitcoin-holding wallets (those that have been holding for more than two years) has declined from the 57% all-time high reached in December 2023 to 54% today.

Even though this is just a 3% drop and may not look impressive, still, this comprises 630,000 BTC, which is 300% of the total BTC supply that Bitcoin ETFs have bought in the U.S. since January.

#StartInvestingInCrypto #Write2Earrn #EarnFreeCrypto2024 #MemeWatch2024

Hi Guys,

It's Big & Big #alert About $ICP Analysis !!!

Internet Computer (ICP) Analysis: Steady Growth Ahead

Amid the evolving landscape of blockchain technology, Internet Computer (ICP) stands out as a formidable player, showcasing remarkable growth in user adoption and impressive strides in energy efficiency.

As market dynamics shift, ICP’s potential for significant gains becomes evident.

Internet Computer (ICP) Technical Outlook
Analyzing the daily price action of ICP reveals that the price is still consolidating within a visible range.

ICP continues to trade between the 200-day EMA as support and the 100-day EMA as resistance. Within this range, the price also interacts with the red baseline of the Ichimoku Cloud, which serves as mid-term resistance.

Should the price break above this baseline, it could potentially reach the 100-day EMA as its next target. A breakout above the 100-day EMA would likely propel the price into the Ichimoku Cloud. A critical technical structure frequently used by algorithmic traders to position their trades.

Entering the cloud could signal the end of the descending triangle pattern. With the possibility of a bull run occurring as the price exits the Ichimoku Cloud.

ICP’s Public Blockchain and Increasing User Adoption
ICP creates a public blockchain network where anyone can deploy software and store data, eliminating the need to rely on specific companies like Google or Amazon for these services.

Programs called smart contracts run on the ICP network, automating tasks and agreements similarly to other blockchains. Many investors are appealing to the idea of a decentralized internet controlled by users, and ICP could potentially revolutionize how we use the internet.

Internet identities in the Internet Computer (ICP) are not traditional addresses but cryptographic identities used for authentication and authorization. These identities enable users to interact with applications on the Internet Computer network securely.

#StartInvestingInCrypto #Write2Earrn #EarnFreeCrypto2024 #ICP.

Hi Guys,

It's Big & Big #alert About $SOL MemeCoins Pump or Dump.

Where’s The Popular Solana Meme Coins Standing Today? Hike Or Drop

Dogwifhat (WIF) $WIF
That target is now 32% away as since April, WIF price has declined in value. Though it did attempt a recovery at the end of May, that fell short.

When writing, WIF is trading at $3.28 after declining 5% in a week interval, of which a 1.78% drop happened in the last 24 hours. Moreover, its 24-hour trading volume and market capitalization are at $417,839,447 and $3,274,823,343.

Bonk (BONK) $BONK

BONK price is under the drop after losing 3% of its value in the last 24 hours. Currently trading at $0.00003206, this Solana meme coin has drifted 31% from its all-time high of $0.00004704, set three months ago. BONK peaked in March but continuously faced a downtrend after that.

Book of Meme (BOME)

Compared to other popular Solana meme coins, Book of Meme is on the hiking side as its value has surged over 0.2% in the last 24 hours. Going further in the charts, it has gained 2.6% over a week and is currently trading at $0.01349.

It has a market cap of $930,222,096 and a trading volume of $237,881,768. Though BOME price is surging, this is nothing compared to its March rally, rising to a high of $0.02805, twice the current value.

Slerf (SLERF)

SLERF came into the limelight when a trader made $3 Million in under 12 minutes. This Solana-based meme coin gained an instant hike during launch, surging to a high of $1.37. That high is almost four times the current value. Though SLERF gained a major hoke, it did not last long, and the price declined continuously.

However, the price began to lift recently as the meme coin gained 28% in the seven-day interval and 3% in the last 24 hours. It is now trading at $0.3913 with a market cap and trading volume of $195,664,472 and $70,788,875.

#StartInvestingInCrypto #Write2Earrn #EarnFreeCrypto2024 #MemeWatch2024

Hi Guys,

It's Big & Big #alert About $ETH Sky Rocket Upto 3,805% !!!

Ethereum Could Skyrocket by up to 3,805%, According to $101,900,000,000 Asset Manager – Here’s the Timeline

Giant investment manager VanEck believes that Ethereum (ETH) could hit a five-figure price over the coming years.

In a new research report, VanEck says that its 2030 base case target for Ethereum is $22,000, a gain of 472% from the current price, while its bull case target for the same period is $154,000, a 3,905% rally from the current level.

The global investment manager says that Ethereum’s potential price rally will be driven by an increase in its free cash flows – the amount of ETH available from the Ethereum network’s operations after subtracting all network costs such as gas fees used for transactions and smart contracts.

“Ethereum is a successful digital economy that attracts approximately 20 million monthly active users while settling $4 trillion in settlement value and facilitating $5.5 trillion in stablecoin transfers over the last twelve months.

Ethereum secures over $91.2 billion in stablecoins, $6.7 billion in tokenized off-chain assets, and $308 billion in digital assets.

The centerpiece asset of this financial system is the ETH token…

…We project ETH’s 2030 valuation based upon a forecast of $66 billion in free cashflows generated by Ethereum and accruing to the ETH token.”

Ethereum is trading at $3,845 at time of writing.
VanEck, which currently boasts $101.9 billion in assets under management, says that Ethereum currently generates more revenues per user than some major household brands.

“Ethereum monthly active user generates $172 in annual revenue, comparable to Apple Music, $100; Netflix, $142; and
Instagram, $25. We categorize Ethereum as a platform business similar to the Apple App Store or Google Play.”

According to the global investment manager, some of the downside risks facing Ethereum include regulatory ones.
“a. Depending upon regulation.

#StartInvestingInCrypto #EarnFreeCrypto2024 #Write2Earrn

Hi Guys,

It's Big & Big #alert About Hulk Hogan's $SOL Meme Coin !!!

Hulk Hogan’s Solana Meme Coin Crash By 85% Within an Hour

Celebrity meme coins are back in the spotlight as market conditions improve, but not all are seeing success.

Hulk Hogan’s Solana-based meme coin, HULK, has faced a dramatic 85% drop in value. This sudden crash has shocked investors and raised questions about the stability of celebrity-backed cryptocurrencies.
Reason Behind The Crash? 

HULK the celebrity-backed coin suffered a massive blow, a staggering $17 million loss on June 6th, according to dexscreener.

Within a matter of hours, its market cap plummeted from $17 million to just $9.6 thousand. As of now, Hulk coin is trading at $0.00002251.

The crash was triggered by insider selling, with one individual managing to secure an 812x gain, pocketing nearly a million dollars in a short period.

This insider bought 190 million HULK tokens for just $1,200 worth of Solana (SOL) tokens, only to dump them all shortly after, causing the HULK price to collapse.

Was Hulk Hogan Behind This?

Former professional wrestler Hulk Hogan’s involvement in promoting the celebrity meme coin added to the confusion.

Before the crash, Hulk Hogan had been actively promoting the
HULK meme coin through now-deleted posts on social media. 
Hulk Hogan’s social media accounts & website promoted a $HULK crypto token today, jumping on the recent celeb memecoin trend

it pumped big, millions of dollars, & then dumped

all the posts are now deleted. there’s a new post now claiming that the posts were not from him.

However, Hogan swiftly distanced himself from the cryptocurrency, denying any association with its promotion.

Hogan urged his followers to disregard any posts related to the coin, suggesting that his social media accounts may have been hacked.

#StartInvestingInCrypto #Write2Earrn #EarnFreeCrypto2024 #MemeWatch2024

Hi Guys,

It's Big & Big #alert About Tommorrow Trade of $BTC
Check out again trade for those who have hitted SL.

#StartInvestingInCrypto #Write2Earrn #EarnFreeCrypto2024 #BTC☀

Hi Guys,

IT's Big & Big #alert Prediction About $BTC From Donald Trump !

Bitcoin Could Hit $150K by 2024-End on Hopes of Donald Trump Being Re-Elected: Standard Chartered

Favorable payroll data could open the way to $80,000 per bitcoin by end-June, Standard Chartered’s Geoffrey Kendrick said in a Thursday note.

Bitcoin (BTC) remains on track to touch the aspirational $150,000 level by the end of this year as spot BTC exchange-traded funds (ETFs) continue to see significant inflows.

“I am sticking with my end-2024 $150K and end-2025 $200K forecasts for BTC,” Standard Chartered’s forex and digital assets research head Geoffrey Kendrick said in a Thursday note shared with CoinDesk.

“Before then, if tomorrow’s payrolls data are friendly I would expect a fresh all-time-high to be reached over the weekend.”

“As we approach the U.S. election, I expect $100K to be reached and then $150k by year-end in the case of a Trump victory,” Kendrick added.

As of Thursday, crypto traders on Polymarket are betting 56% odds of Trump being in office, compared to 36% for incumbent Joe Biden.

Sentiment for bitcoin and the broader crypto market has risen since May on the listing approval for ether (ETH) ETFs and support for the industry among U.S. political parties.

ETFs crossed $15 billion in net inflows on Tuesday for the first time since going live in January, boosting sentiment among bitcoin traders.

Inflow activity has picked up recently after a dismal few weeks from mid-April to early May, a period that saw zero net inflows on some days and even outflows from major ETFs such as BlackRock’s IBIT.

Spot bitcoin ETFs saw over $880 million in inflows on Tuesday, led by Fidelity’s FBTC. This was the best day of inflows since March and the second-highest overall.

#StartInvestingInCrypto #Write2Earrn #EarnFreeCrypto2024 #MemeWatch2024

Hi Guys,

It's Big & big #alert About $DOGE & $FLOKI !!!


Analyst Predicts Significant Gains for Dogecoin Rival, Floki

No need for a fancy chart here. Look at FLOKI. It’s retesting its all-time high from 2021. Clear the resistances on the high time frame. BNB price discovery is on the brink. Meme token’s super cycle. This situation could easily push it above $10 billion in the next phase.

In the cryptocurrency markets, a closely followed analyst suggested that Dogecoin’s (DOGE) strong competitor, Floki (FLOKI), is poised for greater gains.

Crypto analyst Kaleo claimed on social media platform X that Floki’s market value could rise to at least $10 billion, tripling its current value.

The popular crypto analyst suggested that Floki could progress further after forming a cup and handle pattern, a technical indicator of an upward trend.

The senior analyst stated: Access NEWSLINKER to get the latest technology news.

No need for a fancy chart here. Look at FLOKI. It’s retesting its all-time high from 2021. Clear the resistances on the high time frame. BNB price discovery is on the brink. Meme token’s super cycle. This situation could easily push it above $10 billion in the next phase.

Comparison Between FLOKI and PEPE

The senior analyst compares Floki’s current price model to another meme token, Pepe (PEPE), before its sudden rise.

He also believes that Floki benefits from being based on Binance’s BNB blockchain and that BNB’s native token, BNB, is in an upward trend.

The analyst stated:
Low time frame FLOKI looks very similar to PEPE before its recent surge. It also has a similar narrative. PEPE is a high ETH beta play, while FLOKI is a high BNB beta meme play.

With a current market value of $3.1 billion, Floki was trading at $0.0003182 at the time of writing. It has increased by over 1000% since trading at $0.0000269 four months ago on February 5th.

#StartInvestingInCrypto #Write2Earrn #EarnFreeCrypto2024 #MemeWatch2024

Hi Guys,

It's Big & Big #alert About $SHIB 3,894% Sky Rocket !!!

Shiba Inu Skyrockets 3,894% in Burn Rate, Millions of SHIB Vanish

Surge in SHIB burns coincides with sudden rise in whale interest

Dog-themed cryptocurrency Shiba Inu (SHIB)'s community is seeing a surge in burn rate, which has skyrocketed by an astounding 3,894%. This significant increase has led to millions of SHIB tokens being permanently removed from circulation.

Token burning is a process where a certain amount of cryptocurrency is burned to reduce its overall supply.

This is typically done by sending the tokens to a "burn" address, a wallet from which they can never be retrieved. The primary goal of burning tokens is to create scarcity, which can potentially increase the value of the remaining tokens.

In the last 24 hours, Shiba Inu has seen a significant uptick in the burn rate, with millions of tokens being torched. According to Shibburn X's account, in the past 24 hours, a total of 4,829,147 SHIB tokens have been burned in seven transactions.

This caused a 3,894% increase in the burn rate. In the past 24 hours, there have been a total of 4,829,147 $SHIB tokens burned and 7 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more.

The surge in SHIB burns coincides with a sudden rise in whale interest for SHIB, with the number of large transactions involving SHIB doubling this week compared to the averages seen earlier in 2024.

According to Santiment, Shiba Inu's recent surge appears to have been triggered by a spike in whale interest.

Santiment noted that the amount of $100,000 transactions on the Shiba Inu network has more than doubled this week compared to usual 2024 averages, signaling accumulation.

#StartInvestingInCrypto #Write2Earrn #EarnFreeCrypto2024 #MemeWatch2024

Hi Guys,

It's Big & Big #alert About $BOME Rally of 20% soon.
It is almost Ready to go to the moon Just Watch and Trade.

Who is already in trade like me hold it and who is waiting for a good entry just wait a little bit pull back and then according to this Analysis and just do it, Enjoy Your Profits with me.

Entry Price is Market and take profit according to heart of patience.

#StartInvestingInCrypto #Write2Earrn #MemeWatch2024 #BOMEUpdate

Hi Guys,

It's Big & Big #newsdaily About Binance To Listening a #newcoin2024 IO.NET (IO).

$BTC

Introducing IO.NET (IO) on Binance Launchpool! Farm IO by Staking BNB and FDUSD

Binance will be the first platform to list the token mentioned herein, with trade starting at 2024-06-11 12:00 (UTC).

Any claims to offer this token for sale before the stated timeline are false advertising. Please do your own research to ensure safety of your funds!

Binance is excited to announce the 55th project on Binance
Launchpool - IO.NET (IO), a decentralized AI computing & cloud platform. The webpage is estimated to be available in 5 hours, before the Launchpool starts. 

Users will be able to stake their BNB and FDUSD into separate pools to farm IO tokens over four days, with farming starting from 2024-06-07 00:00 (UTC).

Listing

Binance will then list IO at 2024-06-11 12:00 (UTC) and open trading with IO/BTC, IO/USDT, IO/BNB, IO/FDUSD, and IO/TRY trading pairs. The seed tag will be applied to IO.

IO Launchpool Details

Token Name: IO.NET (IO)

Total Token Supply at Genesis: 500,000,000 IO 

Max Token Supply: 800,000,000 IO 

Launchpool Token Rewards: 20,000,000 IO (4% of total token supply at Genesis)

Initial Circulating Supply: 95,000,000 IO (19% of total token supply at Genesis)

Smart Contract Details: Solana

Staking Terms: KYC required 

Hourly Hard Cap per User: 
17,708.33 IO in BNB pool
3,125 IO in FDUSD pool

Supported Pools

Stake BNB (webpage will be available in around 5 hours): 17,000,000 IO in rewards (85%) 

Stake FDUSD (webpage will be available in around 5 hours): 3,000,000 IO in rewards (15%)

Farming Period: 2024-06-07 00:00 (UTC) to 2024-06-10 23:59 (UTC).

$SOL

#Binance55thProject(IO) #Write2Earrn #StartInvestingInCrypto

Hi Guys,

It's Big & Big #alert About $PEPE Next All Time High !!!
Follow MeX.

#StartInvestingInCrypto #Write2Earrn #EarnFreeCrypto2024 #MemeWatch2024

Hi Guys,

It's Big & Big #alert About $BTC Small Scalp With Small Risk of 10x or 20x.
#StartInvestingInCrypto #BTC #Write2Earrn #EarnFreeCrypto2024

Hi Guys,

It's Big & big #alert About $SHIB Suddenly Rise !!!

SHIB’s Sudden Rise: Unveiling the $35 Million Whale Moves

In a recent flurry of activity within the cryptocurrency market, Shiba Inu (SHIB) has seen a significant increase in trading volume and price. According to the latest report from

Lookonchain, a notable $35.2 million was invested into purchasing approximately 1.356 trillion SHIB by nine wallets, which include two prominent whale accounts.

These transactions occurred over a span of just 12 hours, leading to a noticeable impact on the market.

The price of SHIB surged nearly 6% during this period, aligning closely with the overall upward trend observed across the broader crypto market.

However, the specifics of these large purchases have sparked discussions among analysts and traders alike regarding their potential influence on the market’s dynamics. 

The average purchase price per SHIB during this spree was reported at $0.00002596, closely matching the current trading price of $0.0000259.

Insights from Lookonchain Data

Delving deeper into the data provided by Lookonchain, it is evident that the largest single transaction was conducted by the wallet address ‘0xfB’, which acquired over 124 billion SHIB with an expenditure of roughly 3.259 million DAI.

Another significant transaction was noted from the wallet ‘0x91’, which invested over 8.263 million ETH to purchase 323 billion SHIB.

These substantial investments by whale accounts are not merely random occurrences but seem to be strategic moves, potentially aimed at capitalizing on the anticipated market movements or leveraging large holdings for market influence. 

The involvement of such large sums and the coordinated timing of these purchases could be indicative of a larger strategy at play within the SHIB ecosystem.

What a crazy buy!

9 wallets(2 whales) spent $35.2M to buy 1.356T $SHIB  at an average price of $0.00002596 in the past 12 hours!

$DOGE
#StartInvestingInCrypto #Write2Earrn #EarnFreeCrypto2024 #MemeWatch2024