hype
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- A GMX trader earned almost $1 million in profit by shorting Ethereum (ETH) during a price peak on July 14.
- They closed the #short position after the market crash on August 17.
- The trader quickly switched to a long #position on ETH, purchasing at $1,624.
- The current profit from this long position is $189,500.
- The #trader has executed a total of 10 #trades on GMX.
- Out of these trades, 8 have been profitable, indicating an 80% success rate.
- DappRadar's recent article by @the_LeticiaMelo claimed Ordinals' trading volume fell 97% since May.
- The accuracy of this data has been challenged by @cryptoslamio, stating Ordinals' May volume was $195 million, dropping to $65 million in July (a 66% decline).
- @domodata's Ordinals Marketplaces Dune dashboard confirmed May sales at $155 million, decreasing to $50 million in July (a 68% decline).
- DappRadar omitted BRC-20, accounting for 74% of May sales per Dune data.
- Comparing ATH #hype cycle with mature ecosystems, like Ethereum NFTs, saw declines too (49% from Jan to Mar 2023, 77% from Apr to Jun 2023).
- Ordinals spurred hype but experienced a typical NFT market decline, without changing belief in NFT tech or sector's future.
- South Korea's Supreme Prosecutors' Office has dedicated KRW 986 million (approx. $730,000) in 2023 for investigating cryptocurrency-related crimes.
- KRW 778 million (approx. $580,000) was spent on purchasing software licenses for virtual asset tracking and analysis tools.
- KRW 208 million (about $150,000) has been assigned to an Integrated Strategic Plan (ISP) aimed at establishing a platform to analyze and trace illegal virtual asset transactions.
- The platform's budget is in the preliminary review stage, with expectations of increased funding during the full construction phase.
$ETH $GMX
- They closed the #short position after the market crash on August 17.
- The trader quickly switched to a long #position on ETH, purchasing at $1,624.
- The current profit from this long position is $189,500.
- The #trader has executed a total of 10 #trades on GMX.
- Out of these trades, 8 have been profitable, indicating an 80% success rate.
- DappRadar's recent article by @the_LeticiaMelo claimed Ordinals' trading volume fell 97% since May.
- The accuracy of this data has been challenged by @cryptoslamio, stating Ordinals' May volume was $195 million, dropping to $65 million in July (a 66% decline).
- @domodata's Ordinals Marketplaces Dune dashboard confirmed May sales at $155 million, decreasing to $50 million in July (a 68% decline).
- DappRadar omitted BRC-20, accounting for 74% of May sales per Dune data.
- Comparing ATH #hype cycle with mature ecosystems, like Ethereum NFTs, saw declines too (49% from Jan to Mar 2023, 77% from Apr to Jun 2023).
- Ordinals spurred hype but experienced a typical NFT market decline, without changing belief in NFT tech or sector's future.
- South Korea's Supreme Prosecutors' Office has dedicated KRW 986 million (approx. $730,000) in 2023 for investigating cryptocurrency-related crimes.
- KRW 778 million (approx. $580,000) was spent on purchasing software licenses for virtual asset tracking and analysis tools.
- KRW 208 million (about $150,000) has been assigned to an Integrated Strategic Plan (ISP) aimed at establishing a platform to analyze and trace illegal virtual asset transactions.
- The platform's budget is in the preliminary review stage, with expectations of increased funding during the full construction phase.
$ETH $GMX
LETS GO CHAMP
The Phoenix rises again 📈 💪🍀😎🦄
Am on a spaceship rocket but as I look closer it's not a rocket nor a plane nor superman, it's a phoenix taking me to the million am all in this projo, lets go champ 🍾🥂
#phb #STONKS #hype #Launchpool #ETH
$PHB
The Phoenix rises again 📈 💪🍀😎🦄
Am on a spaceship rocket but as I look closer it's not a rocket nor a plane nor superman, it's a phoenix taking me to the million am all in this projo, lets go champ 🍾🥂
#phb #STONKS #hype #Launchpool #ETH
$PHB
ETHFI Launch: A Parody of Hype and High Hopes 💸😂
$ETHFI launch was a spectacle, with its tokens entering at $4.13 and a trading frenzy of $2 million in minutes. The hype train was full steam ahead, powered by speculation and a staggering $12 billion staked on Binance Launchpad.
Many influencers like @Cameron predicted #ETHFIUSDT so high
Why there was so much selling pressure and over hype ❗️❓️
Who distribute selling tokens to generate such a gigantic pressure ❓️🤔
Is it project or someone else 🔮
Reality of the crypto market soon set in, as other tokens fell post-launch. ETHFI’s moment in the spotlight reminds us that while hype can be enticing, real value is what endures
So, let’s raise our glasses to the next overhyped launch, for it’s not the promise of tomorrow that excites us, but the drama of today.
#Write2Earn #hype #HotTrends #ETHFI
Many influencers like @Cameron predicted #ETHFIUSDT so high
Why there was so much selling pressure and over hype ❗️❓️
Who distribute selling tokens to generate such a gigantic pressure ❓️🤔
Is it project or someone else 🔮
Reality of the crypto market soon set in, as other tokens fell post-launch. ETHFI’s moment in the spotlight reminds us that while hype can be enticing, real value is what endures
So, let’s raise our glasses to the next overhyped launch, for it’s not the promise of tomorrow that excites us, but the drama of today.
#Write2Earn #hype #HotTrends #ETHFI
BTC Hype led to buy? or …
In the midst of this hype, I've found myself motivated to buy some Bitcoin. I'm not a trader but an investor, aiming for profit over a 10-year period as I enter retirement.
I keep asking myself: does the current high price of Bitcoin really matter to my long-term investment strategy? This question leaves me feeling somewhat ambivalent because I've always believed that a better process leads to greater profits.
Given my situation, should I be concerned about the timing of my investment?
I'd appreciate your advice/point of view.
Thank you. #BTC #hype @crypto_MOJ news #CryptoMoj
In the midst of this hype, I've found myself motivated to buy some Bitcoin. I'm not a trader but an investor, aiming for profit over a 10-year period as I enter retirement.
I keep asking myself: does the current high price of Bitcoin really matter to my long-term investment strategy? This question leaves me feeling somewhat ambivalent because I've always believed that a better process leads to greater profits.
Given my situation, should I be concerned about the timing of my investment?
I'd appreciate your advice/point of view.
Thank you. #BTC #hype @crypto_MOJ news #CryptoMoj
