Was denken Sie, ob das #Sui -Netzwerk Airdrops anbieten wird | TopCryptoNews auf Binance Square

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Was denken Sie, ob das #Sui  -Netzwerk Airdrops anbieten wird oder nicht? 🪂
#airdrop  #crypto2023  #network  #Binance  

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👀 Arbitrum Volume Spikes, Dips Ahead of $51 Million Token Unlock Ethereum Layer-2 network Arbitrum (ARB) saw a significant rise in its trading volume, driven by anticipation of a major event scheduled for August 16. As the event nears, investors will want to know how ARB’s price will react. This on-chain analysis examines the outlook. 🔸 Arbitrum’s Big Day Drives Rising Market Interest Data from Santiment revealed that Arbitrum’s trading volume was around $146 million on August 11. In the early hours of August 13, the volume had surpassed $260 million before its recent drop. Trading volume represents the total value of cryptocurrencies bought and sold within a specific period. An increase in volume indicates strong interest in the token, while a decline suggests fading investor interest. Volume also reflects market strength. High trading volume reinforces the price trend, while low volume weakens it. At press time, #ARB is trading at $0.57. This reflects a 14% increase over the past seven days but a 1.63% decline in the last 24 hours. Based on the fundamentals, if trading volume continues to decrease, the downtrend may ease. #Arbitrum has recently made headlines. The altcoin reached an all-time low during the crypto market crash on August 5. Shortly after, global asset management firm Franklin Templeton expanded its money fund to Arbitrum. While these are significant events, the upcoming token unlock is likely driving the heightened market interest in ARB. According to Token Unlocks, Arbitrum will release another 2.77% of its circulating supply on August 16. At the current price, these tokens are valued at approximately $51.2 million. In most cases, token unlocks cause a big market shakeup for altcoins. If demand does not increase during the event, the unlock can trigger a notable supply shock and a possible price decrease. For ARB, the next two days will tell if the price will continue to react negatively or recover.

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💥 Giant Trading Company Discloses to SEC: Its Holdings in This Cryptocurrency Have Become One of Its Largest Holdings Chicago-based trading firm DRW has announced that it holds $150 million in #Ethereum ETFs, making it one of its largest investments. According to a recent SEC filing, the position represents 6% of DRW’s total portfolio. In related news, Cumberland, a cryptocurrency firm affiliated with DRW, has made headlines after moving a significant amount of Tether in a short period of time. Over the past eight days, Cumberland has moved more than $1 billion worth of Tether stablecoins to centralized exchanges (CEX) such as Binance, and other. This activity was detected by LookOnChain data. The increase in Tether transfers by Cumberland indicates a strategic move to accumulate assets during the market downturn. The activity began shortly after the global cryptocurrency market experienced a significant decline on August 5. During this period, the price of Bitcoin fell below $50,000 and the total market value of cryptocurrencies fell to $1.8 trillion. However, the #SEC filing did not include any possible assets the company purchased from cryptocurrency exchanges.

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📣 Bitcoin investors show renewed interest in accumulation and holding – Glassnode #BTC investors are showing a renewed preference for holding and accumulating, according to Glassnode’s latest on-chain report. Following a period of supply distribution after Bitcoin’s all-time high in March, the market is now exhibiting early signs of a reversal towards accumulation. Large wallets, often associated with exchange-traded funds (ETFs), appear to be leading this trend. The Accumulation Trend Score (ATS) metric, which assesses weighted balance changes across the market, has recorded its highest possible value of 1.0, indicating significant accumulation over the past month. Long-Term holders (LTH) have also shifted their behavior. After divesting during the run-up to the all-time high, this group has now returned to a holding preference. Over the last three months, a total volume of 374,000 BTC has migrated into LTH status. The 7-day change in LTH supply, a tool used to assess rates of change in their aggregate balance, has returned to positive territory. This indicates that the LTH cohort is expressing a preference for holding onto their coins. Notably, despite aggressive distribution from April to July, the spot price has continued to trade above the Active Investor Cost Basis of $51,300. This metric measures the average price that investors pay to buy their BTC. 🔸 As highlighted by Glassnode: 💬 “Since the market managed to find support near this level speaks to a degree of underlying strength, suggesting investors are generally still anticipating positive market momentum in the short-to-medium-term.” The shift towards accumulation comes amid market uncertainty following a recent sell-off. However, the data suggests that the propensity for investors to hold onto their coins is now a larger force relative to their spending pressures. 🔸 Starting the week with inflows This week started with spot #Bitcoin ETFs recording inflows after closing last Friday with nearly $90 million less in assets under management (AUM).

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💥 Shiba Inu And Dogecoin Holders Pivot To This New AI Token For Potential 100x Gains Shiba Inu and Dogecoin enthusiasts are exploring a fresh, promising opportunity. A new AI token has captured their interest with the potential for massive returns. Keen to discover whether this new player could be the next big thing in crypto, investors are making the switch. Learn more about this exciting development and which tokens are showing signs of explosive growth. 🔸 #SHIB Rides The Memecoin Wave With Ethereum's Potential Shiba Inu (SHIB) stands out as a DOGE-inspired coin on the Ethereum blockchain. This gives it the chance for broader use in the crypto world. Launched in 2020 by an unknown creator named Ryoshi, it started with a huge token supply. Half was sent to Vitalik Buterin to gain trust. His actions raised SHIB's profile. SHIB supports decentralized apps and has plans for NFTs and governance. This makes it appealing for investors. If SHIB mirrors past trends, its price could see significant growth. It might offer returns of 5-10x in the next year and up to 20x in three years. This prediction is based on its current price range of $0.0000112-$0.0000151. 🔸 #Dogecoin 's Bullish Path: Can The Meme Currency Set New Highs? Dogecoin has captured the imagination of many since its start as a fun crypto in 2013. It stands apart with its unlimited supply and fast mining speed. The 2021 price surge drew attention, fueled in part by social media and Elon Musk's support. Investors see value in its strong community and influence potential. Buying Dogecoin might offer gains due to public support and market trends. Given its past hype, some predict prices could rise 5x-10x within a year and possibly 20x or more in three years. Though initially a joke, Dogecoin's journey hints it could surprise with future growth.

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⚠️ 103 Million Dogecoin (#DOGE ) Withdrawn From Bankrupt Crypto Exchange Dogecoin (DOGE) witnessed a massive exchange withdrawal earlier today. Notably, this transfer was made from a bankrupt crypto exchange. Whale Alert tweeted that over 103 million DOGE were transferred from Bittrex to an unknown wallet. The withdrawal is estimated to be worth around $11.2 million, at the current Dogecoin price. Back in November 2023, Bittrex Global announced its complete shutdown after an earlier closure of its U.S. arm. It was revealed that the platform would cease trading on Dec. 4 of that year. However, withdrawals from the defunct trading platform have been allowed for customers to transfer their assets. The winding down of Bittrex came after the exchange filed for bankruptcy in Delaware in May 2023. Notably, the platform was sued by the U.S. Securities and Exchange Commission (SEC) for operating without regulatory approvals. Today’s Dogecoin withdrawal is an usual procedure of holders transferring their assets from the defunct exchange. This means that there is no strategic trading move behind it, and there may not be any impacts on the price of the meme coin. However, the holder has moved the coins to their private wallet, so it is likely that they are planning to hold them for the long term. Crypto traders normally keep their assets in their private crypto wallets when they have no plans to sell them anytime soon. 🔸 #Dogecoin price impact Amid this transfer, the price of DOGE has continued its sideways movement. As of press time, the meme coin is trading at $0.1042, after a decline of 1.55% in the last 24 hours. The market capitalization of the coin has also dipped 1.81% to $15.16 billion. Dogecoin, though, has witnessed a surge of 19.65% in its trading volume in the last 24 hours. Currently at the $1.37 billion level, the rising volume reflects growing investor interest in the coin. While its consolidation phase appears to be continuing, DOGE has a history of igniting a reversal and touching new highs in the cycle.

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