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Max Cryptobuddy
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📣Big news! FTX, the bankrupt crypto exchange, has wrapped up the sale of $2.6 billion worth of Solana tokens at a discount!💰 Figure Markets and Pantera Capital were among the lucky buyers. Figure snagged a cool 800,000 coins for about $80 million, paying around $102 per token - a steal considering Solana's current market price of $166!🚀 Pantera Capital also joined in the auction, but the exact amount they paid remains a mystery.🕵️‍♂️ This sale has caused quite a stir in FTX's bankruptcy proceedings, but it's not all bad news. FTX claims it can gather enough funds to repay creditors 100% of what they're owed, plus interest. However, instead of getting their crypto back, creditors will receive US dollars based on the accounts' value at FTX's November 2022 collapse. What are your thoughts on this? Comment below!👇 #CryptoNews #Solana #FTX

📣Big news! FTX, the bankrupt crypto exchange, has wrapped up the sale of $2.6 billion worth of Solana tokens at a discount!💰 Figure Markets and Pantera Capital were among the lucky buyers.

Figure snagged a cool 800,000 coins for about $80 million, paying around $102 per token - a steal considering Solana's current market price of $166!🚀

Pantera Capital also joined in the auction, but the exact amount they paid remains a mystery.🕵️‍♂️

This sale has caused quite a stir in FTX's bankruptcy proceedings, but it's not all bad news. FTX claims it can gather enough funds to repay creditors 100% of what they're owed, plus interest.

However, instead of getting their crypto back, creditors will receive US dollars based on the accounts' value at FTX's November 2022 collapse.

What are your thoughts on this? Comment below!👇 #CryptoNews #Solana #FTX

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🚀 Bitcoin's flirtation with $70K has the crypto world buzzing! Despite a slight dip, the bull market isn't over yet, according to CryptoQuant. 📈 • The MVRV ratio, a key metric, is currently at 2.78, far from its peak in past bull markets. This suggests BTC isn't overvalued yet, hinting at potential price hikes. • After a two-month chill, CryptoQuant predicts a likely upward trend starting in June. • BTC's 152% surge over the past year, with 60% of 2024's growth driven by Bitcoin ETFs and the recent halving event, is a testament to its strength. • With eyes on the Federal Reserve's rate cuts, the market anticipates a rally that could benefit BTC. • Galaxy CEO Mike Novogratz expects BTC to trade between $55K-$73K until the Fed lowers rates, indicating a period of stability. What do you think? Is BTC set for a major move? Share your thoughts below! 🚀💬 #Bitcoin #CryptoNews #DeFi
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🚀 Heads up, crypto enthusiasts! Grayscale's upcoming Ether ETF could see an average daily outflow of $110M, following the trend set by its Bitcoin Trust. But don't fret, this could be a game-changer for ETH. 🎢 - Grayscale's Bitcoin Trust saw a 23% outflow in its first month, amounting to $6.5B. - If the Ether Trust follows suit, we could see daily outflows of $110M, which is 30% of ETH's daily volume on Coinbase. - But, there's a silver lining. The SEC's approval of spot Ether ETFs suggests they view the asset as a commodity, not a security. This could have major positive implications for similar tokens in the U.S. So, what are your thoughts? Will this shift the market sentiment towards ETH? Let's discuss below! 👇 #DeFi #EtherETF #CryptoNews
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📉 Bitcoin's rollercoaster ride continues! After soaring past $70K, it's taken a dip to under $68K. Altcoins like ARB, BCH, and PEPE are also seeing red. 🎢 - BTC's wild week was fueled by rumors of US SEC approving spot Ethereum ETFs. The buzz led to a surge to nearly $72K, a first since April. - The hype cooled off, and BTC fell to $66,400 on Thursday. But the bulls weren't done! They rallied and got BTC close to $70K over the weekend. - A sudden drop saw BTC lose about $3K, possibly due to developments around Mt. Gox. BTC's market cap is now $1.330 trillion. Most larger-cap alts are also in the red. Ethereum's leading the pack with a near 2% drop. But Chainlink's LINK is bucking the trend, jumping 6% and trading above $18. 📈 The total crypto market cap has lost about $30 billion overnight, now at $2.680 trillion. What's your take on this market swing? Let's chat in the comments! 👇 #Bitcoin #Altcoins #CryptoMarket
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🚀💰 A savvy trader turned a $2,700 investment in Shiba Inu into a cool $1.24 million after holding for over three years. Talk about diamond hands! 🙌 - Bought 48 billion SHIB tokens in Jan 2021 for 2 ETH ($2,700 at the time) - Sold it this week for a whopping $1.24 million This isn't the first time a SHIB trader has made millions. Another one bought 50 billion SHIB assets in 2021 ($2,500 at the time), now sitting on a paper profit of over $1.2 million. But remember, folks, meme coin trading can be risky due to extreme volatility. Double-digit price crashes can lead to big losses. - Many jump in during a FOMO phase, often leading to losses when prices drop post-FOMO - Always do your research before diving in! What's your strategy for dealing with meme coin volatility? Share your tips in the comments! 👇 #CryptoTrading #ShibaInu #MillionaireMindset
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🚀📉 Friend.tech's co-founder, Racer, hints at a potential exit from Base, Ethereum's Layer-2 network. This news caused a 31.4% drop in Friend.tech's token, now trading at $1.02. 💡Racer's post on X offered a $200K reward for a smooth migration plan off Base. The relationship between Friend.tech and Base has been tense, leading to this potential shift. 🤝 Jesse Pollak, head of Base for Coinbase, expressed support for Friend.tech's decision, despite the potential departure. 🔥 Base Network's activity has surged, with Friend.tech being a key player since its launch in August 2023. 💰 Base's daily trading volumes on DeFi crypto exchanges have exceeded $1 billion, closing the gap with Coinbase's main exchange. 🎉 Base's Dencun upgrade has boosted daily transactions and revenue, surpassing rivals like Optimism and Arbitrum. What are your thoughts on this potential shift? Let's discuss below! #DeFi #Layer2 #Ethereum
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