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Polychain Capital’s Significant PENDLE Movement Amid Market Activity
A wallet associated with Polychain Capital recently made a notable deposit of 1.71 million PENDLE tokens (valued at $6.97 million) to Binance, occurring nine hours ago.
This movement follows an earlier withdrawal of the same amount from Binance, valued at $11.4 million, between April 6 and April 22. Should the tokens be sold at the current value, Polychain Capital stands to incur a significant loss of approximately $4.4 million.
A wallet related to Polychain Capital deposited 1.71M $PENDLE($6.97M) to #Binance 9 hours ago.
The wallet withdrew 1.71M $PENDLE($11.4M) from #Binance at $6.67 between Apr 6 and Apr 22.
He would lose ~$4.4M if sold.
Address:0xe6757328394817D4F4a23D6f9ba7817d493D953d pic.twitter.com/qL7gR5ulOA
— Lookonchain (@lookonchain) July 24, 2024
In a related incident, Scam Sniffer reported that an individual lost $4.69 million worth of Pendle re-staking tokens due to a phishing attack. The victim fell prey to multiple Permit phishing signatures, highlighting the ongoing risks in the DeFi space.
🚨 1 hour ago, someone lost $4.69 million of Pendle re-staking tokens.
The victim signed multiple Permit phishing signatures. Stay alert! 🎣🔐 pic.twitter.com/NUnmTqQzO1
— Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) July 24, 2024
Pendle, known for its focus on yield trading within decentralized finance (DeFi), allows users to fix or leverage their yields.
Impressive PENDLE Growth Data For The Protocol
This protocol has shown impressive growth and strong metrics:
– Cumulative yield trading volume has reached $24 billion. – The total value locked (TVL) in Pendle grew by over $500 million in just two weeks, rising from $3.35 billion to $3.85 billion. – Trading volume nearly tripled within a week, jumping from $30 million to $84 million. – 35.5% of circulating PENDLE tokens are locked as vePENDLE. – The protocol generates $18.58 million in annual fees.
$PENDLE bull thesis -> Why $PENDLE is going beyond $20 this cycle—————–
Metrics
🔹$24B Cumulative yield trading volume
🔹Grew TVL by > $500m in two weeks from $3.35B to $3.85B
🔹 Nearly tripled trading vol from $30m to $84m in a week
🔹35.5% of circulating…
— Defi_Mochi (@defi_mochi) July 22, 2024
These metrics underscore Pendle’s rapid expansion and significant role in the DeFi landscape. The protocol’s ability to attract substantial trading volumes and lock a significant portion of its tokens reflects its strong user base and the trust it has garnered in the community.
Despite the unfortunate security breach affecting an individual investor, Pendle continues to demonstrate resilience and growth. The recent movements by Polychain Capital, coupled with the protocol’s impressive metrics, highlight the dynamic and sometimes volatile nature of the DeFi ecosystem.
As Pendle and other DeFi protocols evolve, maintaining robust security measures and staying vigilant against phishing attacks remain paramount for all participants.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: nahumam/123RF // Image Effects by Colorcinch
The post Polychain Capital’s Significant PENDLE Movement Amid Market Activity appeared first on The Merkle News.
This movement follows an earlier withdrawal of the same amount from Binance, valued at $11.4 million, between April 6 and April 22. Should the tokens be sold at the current value, Polychain Capital stands to incur a significant loss of approximately $4.4 million.
A wallet related to Polychain Capital deposited 1.71M $PENDLE($6.97M) to #Binance 9 hours ago.
The wallet withdrew 1.71M $PENDLE($11.4M) from #Binance at $6.67 between Apr 6 and Apr 22.
He would lose ~$4.4M if sold.
Address:0xe6757328394817D4F4a23D6f9ba7817d493D953d pic.twitter.com/qL7gR5ulOA
— Lookonchain (@lookonchain) July 24, 2024
In a related incident, Scam Sniffer reported that an individual lost $4.69 million worth of Pendle re-staking tokens due to a phishing attack. The victim fell prey to multiple Permit phishing signatures, highlighting the ongoing risks in the DeFi space.
🚨 1 hour ago, someone lost $4.69 million of Pendle re-staking tokens.
The victim signed multiple Permit phishing signatures. Stay alert! 🎣🔐 pic.twitter.com/NUnmTqQzO1
— Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) July 24, 2024
Pendle, known for its focus on yield trading within decentralized finance (DeFi), allows users to fix or leverage their yields.
Impressive PENDLE Growth Data For The Protocol
This protocol has shown impressive growth and strong metrics:
– Cumulative yield trading volume has reached $24 billion. – The total value locked (TVL) in Pendle grew by over $500 million in just two weeks, rising from $3.35 billion to $3.85 billion. – Trading volume nearly tripled within a week, jumping from $30 million to $84 million. – 35.5% of circulating PENDLE tokens are locked as vePENDLE. – The protocol generates $18.58 million in annual fees.
$PENDLE bull thesis -> Why $PENDLE is going beyond $20 this cycle—————–
Metrics
🔹$24B Cumulative yield trading volume
🔹Grew TVL by > $500m in two weeks from $3.35B to $3.85B
🔹 Nearly tripled trading vol from $30m to $84m in a week
🔹35.5% of circulating…
— Defi_Mochi (@defi_mochi) July 22, 2024
These metrics underscore Pendle’s rapid expansion and significant role in the DeFi landscape. The protocol’s ability to attract substantial trading volumes and lock a significant portion of its tokens reflects its strong user base and the trust it has garnered in the community.
Despite the unfortunate security breach affecting an individual investor, Pendle continues to demonstrate resilience and growth. The recent movements by Polychain Capital, coupled with the protocol’s impressive metrics, highlight the dynamic and sometimes volatile nature of the DeFi ecosystem.
As Pendle and other DeFi protocols evolve, maintaining robust security measures and staying vigilant against phishing attacks remain paramount for all participants.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: nahumam/123RF // Image Effects by Colorcinch
The post Polychain Capital’s Significant PENDLE Movement Amid Market Activity appeared first on The Merkle News.
Bitcoin Surges Past $68K, Boosting Perpetual Futures Activity and Holder Profits
Bitcoin prices have rebounded strongly, soaring above $68,000 and sparking a surge in perpetual futures activity.
This significant appreciation in price has provided much-needed relief for the Short-Term Holder cohort, with 75% of their coins now held in profit.
#Bitcoin prices have rebounded strongly, rallying over $68k and catalyzing an uptick in perpetual futures activity.
The appreciation in price has also provided much-needed relief for the Short-Term Holder cohort, with 75% of their coins now held in profit.
Discover more in the… pic.twitter.com/NGVq0Cw72E
— glassnode (@glassnode) July 24, 2024
The Bitcoin network hashrate has also been on the rise, recovering alongside the price increase. The drawdown is now 5%, compared to almost 9% just a few weeks ago, indicating a strengthening network.
#Bitcoin network hashrate has been recovering lately along with the price increase.
The drawdown is now 5% compared to almost 9% a few weeks ago. pic.twitter.com/7q0G58ljwk
— Julio Moreno (@jjcmoreno) July 23, 2024
In other notable developments, Mt. Gox has been moving substantial amounts of Bitcoin. Today, Mt. Gox transferred 32,371 BTC, valued at $2.13 billion, to the new wallet “12Gws9Es”.
A few hours later, another 2,237 BTC, worth $147 million, was moved to Bitstamp. Since July 5, 2024, Mt. Gox has transferred a total of 61,559 BTC, approximately $3.88 billion, to exchanges like Bitstamp, SBIVC, and Kraken at an average price of $63,079.
Detailed Breakdown Of BTC Transfers And ETF Net Inflow Data
The breakdown of these transfers includes:
Mt. Gox moved 32,371 $BTC ($2.13B) to the new wallet “12Gws9Es” ~40 minutes ago.
Currently, Mt. Gox still holds 101,503 $BTC ($6.68B), including 48,641 $BTC ($3.2B) left untouched in the new wallet "3JQie", likely a #Kraken deposit.
Follow @spotonchain for more updates on… https://t.co/myHj2KxN2t pic.twitter.com/znG0gtezXX
— Spot On Chain (@spotonchain) July 24, 2024
– 2,702 BTC ($146 million) deposited to Bitstamp and SBIVC on July 5 – 48,641 BTC ($3.06 billion) moved to wallet “3JQie”, possibly a Kraken deposit, on July 16 – 5,110 BTC ($340 million) deposited to Bitstamp on July 23 – 5,106 BTC ($336 million) deposited to Bitstamp today, July 24.
We have missed some transactions from Mt. Gox, below is the more accurate number:
Since July 5, 2024, Mt. Gox has transferred out a total of 61,559 $BTC ($3.88B) to #Bitstamp, #SBIVC and #Kraken at ~$63,079:
➡️ Deposited 2,702 $BTC ($146M) to #Bitstamp and #SBIVC on Jul 5;
➡️…
— Spot On Chain (@spotonchain) July 24, 2024
On the ETF front, there has been a notable movement as well. The US ETF reported a net outflow of $78 million to Bitcoin on July 23, marking the first negative net flow in the past 13 trading days. Despite this, BlackRock’s (IBIT) ETF recorded an inflow yesterday, showing continued investor interest.
🚨 US #ETF 23 JUL: -$78M to $BTC and +$107M to $ETH
🌟 BTC ETF UPDATE (final): -$78M
• This is the first negative net flow in the past 13 trading days.
• Only #BlackRock (IBIT) had an inflow yesterday.
🌟 ETH ETF UPDATE (final): +$107M
• Around 5.3% of the $ETH held by… pic.twitter.com/5Nej6QweLj
— Spot On Chain (@spotonchain) July 24, 2024
This series of events highlights the dynamic and often unpredictable nature of the cryptocurrency market, with Bitcoin’s recent price surge bringing renewed optimism and activity among traders and holders alike. As the network strengthens and institutional interest remains high, Bitcoin continues to prove its resilience and potential for growth.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
The post Bitcoin Surges Past $68K, Boosting Perpetual Futures Activity And Holder Profits appeared first on The Merkle News.
This significant appreciation in price has provided much-needed relief for the Short-Term Holder cohort, with 75% of their coins now held in profit.
#Bitcoin prices have rebounded strongly, rallying over $68k and catalyzing an uptick in perpetual futures activity.
The appreciation in price has also provided much-needed relief for the Short-Term Holder cohort, with 75% of their coins now held in profit.
Discover more in the… pic.twitter.com/NGVq0Cw72E
— glassnode (@glassnode) July 24, 2024
The Bitcoin network hashrate has also been on the rise, recovering alongside the price increase. The drawdown is now 5%, compared to almost 9% just a few weeks ago, indicating a strengthening network.
#Bitcoin network hashrate has been recovering lately along with the price increase.
The drawdown is now 5% compared to almost 9% a few weeks ago. pic.twitter.com/7q0G58ljwk
— Julio Moreno (@jjcmoreno) July 23, 2024
In other notable developments, Mt. Gox has been moving substantial amounts of Bitcoin. Today, Mt. Gox transferred 32,371 BTC, valued at $2.13 billion, to the new wallet “12Gws9Es”.
A few hours later, another 2,237 BTC, worth $147 million, was moved to Bitstamp. Since July 5, 2024, Mt. Gox has transferred a total of 61,559 BTC, approximately $3.88 billion, to exchanges like Bitstamp, SBIVC, and Kraken at an average price of $63,079.
Detailed Breakdown Of BTC Transfers And ETF Net Inflow Data
The breakdown of these transfers includes:
Mt. Gox moved 32,371 $BTC ($2.13B) to the new wallet “12Gws9Es” ~40 minutes ago.
Currently, Mt. Gox still holds 101,503 $BTC ($6.68B), including 48,641 $BTC ($3.2B) left untouched in the new wallet "3JQie", likely a #Kraken deposit.
Follow @spotonchain for more updates on… https://t.co/myHj2KxN2t pic.twitter.com/znG0gtezXX
— Spot On Chain (@spotonchain) July 24, 2024
– 2,702 BTC ($146 million) deposited to Bitstamp and SBIVC on July 5 – 48,641 BTC ($3.06 billion) moved to wallet “3JQie”, possibly a Kraken deposit, on July 16 – 5,110 BTC ($340 million) deposited to Bitstamp on July 23 – 5,106 BTC ($336 million) deposited to Bitstamp today, July 24.
We have missed some transactions from Mt. Gox, below is the more accurate number:
Since July 5, 2024, Mt. Gox has transferred out a total of 61,559 $BTC ($3.88B) to #Bitstamp, #SBIVC and #Kraken at ~$63,079:
➡️ Deposited 2,702 $BTC ($146M) to #Bitstamp and #SBIVC on Jul 5;
➡️…
— Spot On Chain (@spotonchain) July 24, 2024
On the ETF front, there has been a notable movement as well. The US ETF reported a net outflow of $78 million to Bitcoin on July 23, marking the first negative net flow in the past 13 trading days. Despite this, BlackRock’s (IBIT) ETF recorded an inflow yesterday, showing continued investor interest.
🚨 US #ETF 23 JUL: -$78M to $BTC and +$107M to $ETH
🌟 BTC ETF UPDATE (final): -$78M
• This is the first negative net flow in the past 13 trading days.
• Only #BlackRock (IBIT) had an inflow yesterday.
🌟 ETH ETF UPDATE (final): +$107M
• Around 5.3% of the $ETH held by… pic.twitter.com/5Nej6QweLj
— Spot On Chain (@spotonchain) July 24, 2024
This series of events highlights the dynamic and often unpredictable nature of the cryptocurrency market, with Bitcoin’s recent price surge bringing renewed optimism and activity among traders and holders alike. As the network strengthens and institutional interest remains high, Bitcoin continues to prove its resilience and potential for growth.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
The post Bitcoin Surges Past $68K, Boosting Perpetual Futures Activity And Holder Profits appeared first on The Merkle News.
Whale Activity Surges Amid Ethereum’s New Spot ETFs Launch
The release of nine new Ethereum spot ETFs has significantly influenced whale activity in the cryptocurrency market.
🐳 Whale activity is clearly being impacted by the release of Ethereum's 9 new spot ETF's. Since July 17th, the amount of ETH transfers exceeding $100K in value is +64% higher than the amount of BTC transfers, and +126% than the amount of USDT (on ETH) transfers. 🤯 pic.twitter.com/SnLem6ko5G
— Santiment (@santimentfeed) July 23, 2024
Since July 17, the number of Ethereum (ETH) transfers exceeding $100,000 has surged by 64% compared to Bitcoin (BTC) transfers and by 126% compared to USDT transfers on the Ethereum network.
🐳 Whale activity is clearly being impacted by the release of Ethereum's 9 new spot ETF's. Since July 17th, the amount of ETH transfers exceeding $100K in value is +64% higher than the amount of BTC transfers, and +126% than the amount of USDT (on ETH) transfers. 🤯 pic.twitter.com/SnLem6ko5G
— Santiment (@santimentfeed) July 23, 2024
Despite a recent dip in ETH prices, large holders have been on a buying spree, accumulating 112,900 ETH valued at nearly $390 million. This accumulation far exceeds the $106 million net inflows into the newly launched ETFs.
Despite a drop in $ETH prices yesterday, large holders accumulated 112.9k ETH, valued at nearly $390 million.
This accumulation notably surpasses the $106 million net inflows to the ETF. pic.twitter.com/b22FMWogHa
— IntoTheBlock (@intotheblock) July 24, 2024
On the first day of trading, Ethereum ETFs saw significant activity. In the first 30 minutes alone, $59 million worth of ETH ETFs were traded, compared to $183 million for BTC ETFs, resulting in a trading ratio of 32%.
🚨JUST IN: In the first 30 minutes of trading, $59 million worth of $ETH #ETFs were traded, compared to $183 million for $BTC. This represents a ratio of 32%. – @MATTHEW_SIGEL#Ethereum . #BTC
— CoinEcho (@mycoinecho) July 23, 2024
BlackRock’s spot Ethereum ETF, symbolized as ETHA, recorded a substantial inflow of $266.5 million on its first trading day. In contrast, Grayscale’s Ethereum ETF, ETHE, experienced an outflow of $484.1 million on the same day.
‼️ BREAKING: On the first day of trading, #Grayscale @Grayscale #Ethereum [#ETH] #ETF, symbolized as $ETHE [#ETHE], witnessed an outflow of $484.1 million. pic.twitter.com/SCmfrQTtEr
— CoinEcho (@mycoinecho) July 24, 2024
Significant Net Flow Of $107 Million Into Ethereum ETFs
The final update for July 23 indicates a net inflow of $107 million into Ethereum ETFs. Notably, about 5.3% of the ETH held by Grayscale’s ETHE left the fund on the first trading day. Meanwhile, BlackRock’s ETHA and Bitwise’s ETHW ETFs saw robust inflows, each exceeding $200 million.
🚨 US #ETF 23 JUL: -$78M to $BTC and +$107M to $ETH
🌟 BTC ETF UPDATE (final): -$78M
• This is the first negative net flow in the past 13 trading days.
• Only #BlackRock (IBIT) had an inflow yesterday.
🌟 ETH ETF UPDATE (final): +$107M
• Around 5.3% of the $ETH held by… pic.twitter.com/5Nej6QweLj
— Spot On Chain (@spotonchain) July 24, 2024
These developments highlight the growing interest and investment in Ethereum despite market fluctuations. The significant whale activity and the strong performance of Ethereum ETFs underscore the cryptocurrency’s resilience and the market’s confidence in its long-term value. As Ethereum continues to attract substantial investments, its influence in the crypto ecosystem remains formidable.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: sinenkiy/123RF // Image Effects by Colorcinch
The post Whale Activity Surges Amid Ethereum’s New Spot ETFs Launch appeared first on The Merkle News.
🐳 Whale activity is clearly being impacted by the release of Ethereum's 9 new spot ETF's. Since July 17th, the amount of ETH transfers exceeding $100K in value is +64% higher than the amount of BTC transfers, and +126% than the amount of USDT (on ETH) transfers. 🤯 pic.twitter.com/SnLem6ko5G
— Santiment (@santimentfeed) July 23, 2024
Since July 17, the number of Ethereum (ETH) transfers exceeding $100,000 has surged by 64% compared to Bitcoin (BTC) transfers and by 126% compared to USDT transfers on the Ethereum network.
🐳 Whale activity is clearly being impacted by the release of Ethereum's 9 new spot ETF's. Since July 17th, the amount of ETH transfers exceeding $100K in value is +64% higher than the amount of BTC transfers, and +126% than the amount of USDT (on ETH) transfers. 🤯 pic.twitter.com/SnLem6ko5G
— Santiment (@santimentfeed) July 23, 2024
Despite a recent dip in ETH prices, large holders have been on a buying spree, accumulating 112,900 ETH valued at nearly $390 million. This accumulation far exceeds the $106 million net inflows into the newly launched ETFs.
Despite a drop in $ETH prices yesterday, large holders accumulated 112.9k ETH, valued at nearly $390 million.
This accumulation notably surpasses the $106 million net inflows to the ETF. pic.twitter.com/b22FMWogHa
— IntoTheBlock (@intotheblock) July 24, 2024
On the first day of trading, Ethereum ETFs saw significant activity. In the first 30 minutes alone, $59 million worth of ETH ETFs were traded, compared to $183 million for BTC ETFs, resulting in a trading ratio of 32%.
🚨JUST IN: In the first 30 minutes of trading, $59 million worth of $ETH #ETFs were traded, compared to $183 million for $BTC. This represents a ratio of 32%. – @MATTHEW_SIGEL#Ethereum . #BTC
— CoinEcho (@mycoinecho) July 23, 2024
BlackRock’s spot Ethereum ETF, symbolized as ETHA, recorded a substantial inflow of $266.5 million on its first trading day. In contrast, Grayscale’s Ethereum ETF, ETHE, experienced an outflow of $484.1 million on the same day.
‼️ BREAKING: On the first day of trading, #Grayscale @Grayscale #Ethereum [#ETH] #ETF, symbolized as $ETHE [#ETHE], witnessed an outflow of $484.1 million. pic.twitter.com/SCmfrQTtEr
— CoinEcho (@mycoinecho) July 24, 2024
Significant Net Flow Of $107 Million Into Ethereum ETFs
The final update for July 23 indicates a net inflow of $107 million into Ethereum ETFs. Notably, about 5.3% of the ETH held by Grayscale’s ETHE left the fund on the first trading day. Meanwhile, BlackRock’s ETHA and Bitwise’s ETHW ETFs saw robust inflows, each exceeding $200 million.
🚨 US #ETF 23 JUL: -$78M to $BTC and +$107M to $ETH
🌟 BTC ETF UPDATE (final): -$78M
• This is the first negative net flow in the past 13 trading days.
• Only #BlackRock (IBIT) had an inflow yesterday.
🌟 ETH ETF UPDATE (final): +$107M
• Around 5.3% of the $ETH held by… pic.twitter.com/5Nej6QweLj
— Spot On Chain (@spotonchain) July 24, 2024
These developments highlight the growing interest and investment in Ethereum despite market fluctuations. The significant whale activity and the strong performance of Ethereum ETFs underscore the cryptocurrency’s resilience and the market’s confidence in its long-term value. As Ethereum continues to attract substantial investments, its influence in the crypto ecosystem remains formidable.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: sinenkiy/123RF // Image Effects by Colorcinch
The post Whale Activity Surges Amid Ethereum’s New Spot ETFs Launch appeared first on The Merkle News.
Significant Profit Realized From OM Token Sales Amid Staking Surge on MANTRA
According to recent on-chain reports, a notable transaction has been observed involving the address 0xaa5…583BC. This address deposited 3 million OM coins into Binance.
These tokens, accumulated over the past five months at an average price of $0.40, now hold a value of approximately $3.78 million at the transfer price of $1.26 per coin.
If all tokens are sold at this price, the estimated profit stands at $2.57 million, reflecting an impressive return rate of 214%. The price of OM has surged by nearly 92% over the past month, showcasing significant market momentum.
三小时前，地址 0xaa5…583BC 将过去五个月以均价 $0.4 建仓的 300 万枚 $OM 充值进了 #Binance，价值 378 万美金
转出价格为 $1.26，若全部卖出预计获利 257 万美金，回报率达 214%🤑 $OM 近一个月币价已暴涨近 92%📈
钱包地址 https://t.co/EW40o5kIkj pic.twitter.com/jVnNDsVH0A
— Ai 姨 (@ai_9684xtpa) July 24, 2024
In parallel to this trading activity, the MANTRA community has been demonstrating strong support for the project’s mission to bring finance on-chain. A staggering 267 million OM tokens are currently staked on the MANTRA platform.
267 Million OM Represents 32% Of Total Circulating Supply
This represents approximately 32% of the total circulating supply of OM, indicating robust participation and commitment from the community to bolster MANTRA’s financial ecosystem.
🔥 267,000,000 $OM staked on #MANTRA!
That's ~32% of the OM circulating supply, now staked by our community to strengthen MANTRA’s mission— Bringing Finance Onchain
👀 Get up to a 1.35x multiplier on your staked OM — based on staking time and amount of staked OM:… pic.twitter.com/rtPpQm2FfA
— MANTRA – Tokenizing RWAs (@MANTRA_Chain) July 24, 2024
The dual trends of substantial trading profits and increased staking activity highlight the dynamic nature of the OM token’s market performance. The significant price appreciation and high staking rates suggest a strong belief in the long-term potential and value proposition of the MANTRA platform. As the community continues to stake a considerable portion of the circulating supply, the network’s stability and resilience are likely to be reinforced, further driving confidence among investors and stakeholders.
Overall, these developments underscore a vibrant period for the OM token and the MANTRA ecosystem, characterized by impressive financial gains and a dedicated community effort to strengthen the platform’s on-chain financial solutions.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: fantasticstudio/123RF // Image Effects by Colorcinch
The post Significant Profit Realized From OM Token Sales Amid Staking Surge On MANTRA appeared first on The Merkle News.
These tokens, accumulated over the past five months at an average price of $0.40, now hold a value of approximately $3.78 million at the transfer price of $1.26 per coin.
If all tokens are sold at this price, the estimated profit stands at $2.57 million, reflecting an impressive return rate of 214%. The price of OM has surged by nearly 92% over the past month, showcasing significant market momentum.
三小时前，地址 0xaa5…583BC 将过去五个月以均价 $0.4 建仓的 300 万枚 $OM 充值进了 #Binance，价值 378 万美金
转出价格为 $1.26，若全部卖出预计获利 257 万美金，回报率达 214%🤑 $OM 近一个月币价已暴涨近 92%📈
钱包地址 https://t.co/EW40o5kIkj pic.twitter.com/jVnNDsVH0A
— Ai 姨 (@ai_9684xtpa) July 24, 2024
In parallel to this trading activity, the MANTRA community has been demonstrating strong support for the project’s mission to bring finance on-chain. A staggering 267 million OM tokens are currently staked on the MANTRA platform.
267 Million OM Represents 32% Of Total Circulating Supply
This represents approximately 32% of the total circulating supply of OM, indicating robust participation and commitment from the community to bolster MANTRA’s financial ecosystem.
🔥 267,000,000 $OM staked on #MANTRA!
That's ~32% of the OM circulating supply, now staked by our community to strengthen MANTRA’s mission— Bringing Finance Onchain
👀 Get up to a 1.35x multiplier on your staked OM — based on staking time and amount of staked OM:… pic.twitter.com/rtPpQm2FfA
— MANTRA – Tokenizing RWAs (@MANTRA_Chain) July 24, 2024
The dual trends of substantial trading profits and increased staking activity highlight the dynamic nature of the OM token’s market performance. The significant price appreciation and high staking rates suggest a strong belief in the long-term potential and value proposition of the MANTRA platform. As the community continues to stake a considerable portion of the circulating supply, the network’s stability and resilience are likely to be reinforced, further driving confidence among investors and stakeholders.
Overall, these developments underscore a vibrant period for the OM token and the MANTRA ecosystem, characterized by impressive financial gains and a dedicated community effort to strengthen the platform’s on-chain financial solutions.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: fantasticstudio/123RF // Image Effects by Colorcinch
The post Significant Profit Realized From OM Token Sales Amid Staking Surge On MANTRA appeared first on The Merkle News.
TRON Network Outpaces Ethereum With Surging Transaction Volume
The TRON Network has significantly outperformed Ethereum in transaction volume, recording a 3.3-fold increase compared to its rival.
The total number of transactions on #TronNetwork has exceeded 8.1B and the total number of transactions on #Ethereum has exceeded 2.45B. pic.twitter.com/DKY3AXbeTZ
— Lookonchain (@lookonchain) July 24, 2024
The total number of transactions on TRON has reached a staggering 8.1 billion, while Ethereum has surpassed 2.45 billion transactions. This milestone highlights TRON’s rapid growth and increasing adoption in the blockchain space.
Just In:📢 The total transaction volume of #TronNetwork rose 3.3 times of #Ethereum.
The total number of transactions on #TRON hits 8.1B and the total number of transactions on Ethereum exceeded 2.45B. 🔥#CryptoNews pic.twitter.com/1FXocaKdis
— Coinpedia Markets (@MarketCoinpedia) July 24, 2024
In terms of user base, TRON continues to expand at an impressive rate. The network’s total number of accounts has now exceeded 246 million, with the current count standing at 246,009,459. This growth underscores TRON’s appeal to a broad audience, further solidifying its position in the market.
🎉🎉🎉Congratulations!!! #TRON’s total accounts have reached 246,009,459, exceeding 246 million! #TRON ecosystem has developed rapidly and continues to make efforts to decentralize the web.
🥰Appreciation to all #TRONICS! pic.twitter.com/wHdh91R8ZD
— TRONSCAN (@TRONSCAN_ORG) July 24, 2024
The TRON ecosystem has not only grown in size but also in functionality and decentralization. The network remains committed to decentralizing the web, a vision that is increasingly becoming a reality through various initiatives and developments within the TRON ecosystem.
Tron Burnt 10M TRX Tokens
On July 23rd, TRON took a significant step to bolster its economic model by burning 10,104,229 TRX tokens. This move is part of TRON’s ongoing commitment to deflation and value growth. The burn resulted in a net negative production ratio of -5,037,366, demonstrating the network’s dedication to reducing the total supply of TRX and potentially increasing its value over time.
#TRON just burned 10,104,229 #TRX on July 23rd 🔥 showcasing a commitment to deflation & value growth 🚀 With a net negative production ratio of -5,037,366 🤯 pic.twitter.com/cxoWTdcJBK
— TRON Community (@TronixTrx) July 24, 2024
TRON’s rapid development and proactive measures to enhance its ecosystem and economic model position it as a formidable player in the blockchain industry. The network’s ability to handle a higher volume of transactions compared to Ethereum, coupled with its large user base and commitment to decentralization, underscores its potential for continued growth and influence in the crypto space.
As TRON continues to evolve, its focus on deflationary practices and user growth suggests a promising future for the network and its community.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
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The post TRON Network Outpaces Ethereum With Surging Transaction Volume appeared first on The Merkle News.
The total number of transactions on #TronNetwork has exceeded 8.1B and the total number of transactions on #Ethereum has exceeded 2.45B. pic.twitter.com/DKY3AXbeTZ
— Lookonchain (@lookonchain) July 24, 2024
The total number of transactions on TRON has reached a staggering 8.1 billion, while Ethereum has surpassed 2.45 billion transactions. This milestone highlights TRON’s rapid growth and increasing adoption in the blockchain space.
Just In:📢 The total transaction volume of #TronNetwork rose 3.3 times of #Ethereum.
The total number of transactions on #TRON hits 8.1B and the total number of transactions on Ethereum exceeded 2.45B. 🔥#CryptoNews pic.twitter.com/1FXocaKdis
— Coinpedia Markets (@MarketCoinpedia) July 24, 2024
In terms of user base, TRON continues to expand at an impressive rate. The network’s total number of accounts has now exceeded 246 million, with the current count standing at 246,009,459. This growth underscores TRON’s appeal to a broad audience, further solidifying its position in the market.
🎉🎉🎉Congratulations!!! #TRON’s total accounts have reached 246,009,459, exceeding 246 million! #TRON ecosystem has developed rapidly and continues to make efforts to decentralize the web.
🥰Appreciation to all #TRONICS! pic.twitter.com/wHdh91R8ZD
— TRONSCAN (@TRONSCAN_ORG) July 24, 2024
The TRON ecosystem has not only grown in size but also in functionality and decentralization. The network remains committed to decentralizing the web, a vision that is increasingly becoming a reality through various initiatives and developments within the TRON ecosystem.
Tron Burnt 10M TRX Tokens
On July 23rd, TRON took a significant step to bolster its economic model by burning 10,104,229 TRX tokens. This move is part of TRON’s ongoing commitment to deflation and value growth. The burn resulted in a net negative production ratio of -5,037,366, demonstrating the network’s dedication to reducing the total supply of TRX and potentially increasing its value over time.
#TRON just burned 10,104,229 #TRX on July 23rd 🔥 showcasing a commitment to deflation & value growth 🚀 With a net negative production ratio of -5,037,366 🤯 pic.twitter.com/cxoWTdcJBK
— TRON Community (@TronixTrx) July 24, 2024
TRON’s rapid development and proactive measures to enhance its ecosystem and economic model position it as a formidable player in the blockchain industry. The network’s ability to handle a higher volume of transactions compared to Ethereum, coupled with its large user base and commitment to decentralization, underscores its potential for continued growth and influence in the crypto space.
As TRON continues to evolve, its focus on deflationary practices and user growth suggests a promising future for the network and its community.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: slavstan/123RF // Image Effects by Colorcinch
The post TRON Network Outpaces Ethereum With Surging Transaction Volume appeared first on The Merkle News.
Solana Ecosystem Thrives With Major Growth in Wallet Interactions and NFT Dominance
The Solana ecosystem has witnessed a remarkable surge in activity over the past 24 hours, with over 1.3 million active wallet interactions recorded.
This represents a 36% increase in wallet interactions, highlighting the growing engagement within the Solana network. Additionally, 352,000 new wallets have been added in the last seven days, further indicating the ecosystem’s rapid expansion.
🚨 REPORT: Solana Ecosystem Sees Major Growth
In the past 24 hours, the @Solana ecosystem has seen a surge in activity, with over 1.3 million active wallet interactions.
➤ 36% Increase in wallet interactions. ➤ 352,000 New Wallets added in the last 7 days pic.twitter.com/uZiOU1bzsD
— SolanaFloor (@SolanaFloor) July 23, 2024
In the NFT sector, Solana continues to outperform all other chains combined in trading royalties. With a market dominance of 60%, Solana has solidified its position as a leader in the NFT space. This dominance underscores the platform’s robust infrastructure and its ability to attract NFT creators and traders alike.
🚨 BREAKING: @solana continues to outperform all other chains combined in trading royalties (from NFTs).
Market Dominance: 60% pic.twitter.com/fvDG5xmSv2
— SolanaFloor (@SolanaFloor) July 23, 2024
Over the past week, more than $60 million has been bridged from other chains to Solana, facilitated by platforms such as deBridgeFinance and Wormhole. This influx of funds highlights the increasing confidence in Solana’s ecosystem and its growing interoperability with other blockchain networks.
🚨 REPORT: Over $60 million has been bridged from other chains to @solana in the past week, facilitated by @deBridgeFinance and @wormhole. pic.twitter.com/UMIyweg9ak
— SolanaFloor (@SolanaFloor) July 22, 2024
Solana Leads The Pack With Highest Increase In Number Of New Monthly DeFi Users
According to Coin98Analytics, Solana is leading the pack with the highest increase in the number of new monthly DeFi users, surpassing Bitcoin, Tron, and EVM chains. This growth reflects Solana’s expanding influence in the decentralized finance (DeFi) space and its appeal to new users seeking efficient and scalable blockchain solutions.
Solana is leading the pack with the highest increases in number of new monthly DeFi users, surpassing Bitcoin, Tron, and EVM chains pic.twitter.com/7ffxSqV8no
— Coin98 Analytics (@Coin98Analytics) July 22, 2024
Overall, Solana’s recent growth in wallet interactions, NFT trading royalties, and new DeFi users signals a robust and thriving ecosystem. As more users and assets continue to flow into the network, Solana is well-positioned to maintain its upward trajectory and solidify its status as a leading blockchain platform.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
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The post Solana Ecosystem Thrives With Major Growth In Wallet Interactions And NFT Dominance appeared first on The Merkle News.
This represents a 36% increase in wallet interactions, highlighting the growing engagement within the Solana network. Additionally, 352,000 new wallets have been added in the last seven days, further indicating the ecosystem’s rapid expansion.
🚨 REPORT: Solana Ecosystem Sees Major Growth
In the past 24 hours, the @Solana ecosystem has seen a surge in activity, with over 1.3 million active wallet interactions.
➤ 36% Increase in wallet interactions. ➤ 352,000 New Wallets added in the last 7 days pic.twitter.com/uZiOU1bzsD
— SolanaFloor (@SolanaFloor) July 23, 2024
In the NFT sector, Solana continues to outperform all other chains combined in trading royalties. With a market dominance of 60%, Solana has solidified its position as a leader in the NFT space. This dominance underscores the platform’s robust infrastructure and its ability to attract NFT creators and traders alike.
🚨 BREAKING: @solana continues to outperform all other chains combined in trading royalties (from NFTs).
Market Dominance: 60% pic.twitter.com/fvDG5xmSv2
— SolanaFloor (@SolanaFloor) July 23, 2024
Over the past week, more than $60 million has been bridged from other chains to Solana, facilitated by platforms such as deBridgeFinance and Wormhole. This influx of funds highlights the increasing confidence in Solana’s ecosystem and its growing interoperability with other blockchain networks.
🚨 REPORT: Over $60 million has been bridged from other chains to @solana in the past week, facilitated by @deBridgeFinance and @wormhole. pic.twitter.com/UMIyweg9ak
— SolanaFloor (@SolanaFloor) July 22, 2024
Solana Leads The Pack With Highest Increase In Number Of New Monthly DeFi Users
According to Coin98Analytics, Solana is leading the pack with the highest increase in the number of new monthly DeFi users, surpassing Bitcoin, Tron, and EVM chains. This growth reflects Solana’s expanding influence in the decentralized finance (DeFi) space and its appeal to new users seeking efficient and scalable blockchain solutions.
Solana is leading the pack with the highest increases in number of new monthly DeFi users, surpassing Bitcoin, Tron, and EVM chains pic.twitter.com/7ffxSqV8no
— Coin98 Analytics (@Coin98Analytics) July 22, 2024
Overall, Solana’s recent growth in wallet interactions, NFT trading royalties, and new DeFi users signals a robust and thriving ecosystem. As more users and assets continue to flow into the network, Solana is well-positioned to maintain its upward trajectory and solidify its status as a leading blockchain platform.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
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The post Solana Ecosystem Thrives With Major Growth In Wallet Interactions And NFT Dominance appeared first on The Merkle News.
Smart DEX Traders Identify Four Crypto ‘Gems’ With High Accumulation Potential
Data from Crypto AI has highlighted four tokens considered “Gems by Smart DEX Traders” as they near the price range where these traders have been accumulating: MKR, ONDO, TAO, and INJ.
1. MKR: Over the past seven days, MKR has seen an accumulated volume of $614.7K, with traders buying at an average price of $2.76K. The current price of MKR is $2.68K, indicating potential buying opportunities.
Notably, wallet 0xcf9b has purchased $2.56M worth of MKR in the last 10 days, at an average price of $2.65K.
2. TAO: With an accumulated volume of $586.8K in the past seven days, TAO was bought at an average price of $316.6. Its current price is slightly higher at $319.3.
Smart wallet 0x209d6 has been accumulating TAO in the $330-340 range and currently holds $19.22K worth of the token.
$MKR, $ONDO, $TAO, $INJ – You're near Smart Traders' entry points! 😎
Below are 4 tokens considered "Gems by Smart DEX Traders" as they approach the price range where these traders were accumulating. iCrypto provide some prominent wallets for you guys to consider:
1. $MKR:… pic.twitter.com/Qev1A34WRD
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 23, 2024
The interest from smart DEX traders in these tokens suggests they see strong potential for future gains. Their strategic accumulation at specific price points highlights confidence in the underlying value of these assets.
These movements provide valuable insights for other investors considering entering these positions. The detailed activity of prominent wallets, such as 0xcf9b and 0x209d6, showcases the calculated approach taken by experienced traders in the decentralized exchange (DEX) space.
Investors should keep an eye on these tokens as they continue to attract significant interest and investment from smart DEX traders. The ongoing accumulation by these traders may signal bullish prospects for MKR, ONDO, TAO, and INJ in the near future.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: calima3d/123RF // Image Effects by Colorcinch
The post Smart DEX Traders Identify Four Crypto ‘Gems’ With High Accumulation Potential appeared first on The Merkle News.
1. MKR: Over the past seven days, MKR has seen an accumulated volume of $614.7K, with traders buying at an average price of $2.76K. The current price of MKR is $2.68K, indicating potential buying opportunities.
Notably, wallet 0xcf9b has purchased $2.56M worth of MKR in the last 10 days, at an average price of $2.65K.
2. TAO: With an accumulated volume of $586.8K in the past seven days, TAO was bought at an average price of $316.6. Its current price is slightly higher at $319.3.
Smart wallet 0x209d6 has been accumulating TAO in the $330-340 range and currently holds $19.22K worth of the token.
$MKR, $ONDO, $TAO, $INJ – You're near Smart Traders' entry points! 😎
Below are 4 tokens considered "Gems by Smart DEX Traders" as they approach the price range where these traders were accumulating. iCrypto provide some prominent wallets for you guys to consider:
1. $MKR:… pic.twitter.com/Qev1A34WRD
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 23, 2024
The interest from smart DEX traders in these tokens suggests they see strong potential for future gains. Their strategic accumulation at specific price points highlights confidence in the underlying value of these assets.
These movements provide valuable insights for other investors considering entering these positions. The detailed activity of prominent wallets, such as 0xcf9b and 0x209d6, showcases the calculated approach taken by experienced traders in the decentralized exchange (DEX) space.
Investors should keep an eye on these tokens as they continue to attract significant interest and investment from smart DEX traders. The ongoing accumulation by these traders may signal bullish prospects for MKR, ONDO, TAO, and INJ in the near future.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: calima3d/123RF // Image Effects by Colorcinch
The post Smart DEX Traders Identify Four Crypto ‘Gems’ With High Accumulation Potential appeared first on The Merkle News.
A Closer Look At the WazirX India Hack: $235M Stolen in Real-Time
The recent WazirX India hack has now ranked among the top 10 biggest crypto hacks in history, with $235 million stolen in real-time.
The incident was detected and analyzed by Cyver Alert’s SOC Lead, @Hakan_Cyvers, and his team, who were at the forefront, detecting and validating critical alerts as the hack unfolded.
The power of the community was evident as experts like @zachxbt and @Mudit__Gupta dissected the attack.
So, what went wrong? In simple terms, the multi-signature wallet got tricked. Hackers used phishing tactics to take control, then upgraded to a malicious wallet version—essentially like changing locks while pretending to be the locksmith.
The bug exploited a vulnerability in the multi-signature setup, allowing the attackers to compromise 4 out of the 6 required signatures through clever phishing.
🚨 A Deeper Dive into the @WazirXIndia Hack!
Top 10 biggest crypto hacks in history: $235M stolen in real-time.
How Cyvers' SOC team caught it in real time, what went wrong, and what can be done to prevent such cases in the future. 🧵👇 pic.twitter.com/PR2mFtqd2C
— Cyvers | Proactive Web3 Security (@Cyvers_) July 22, 2024
WazirX Team Still Working To Bring The Situation Under Control
This breach underscores the need for robust multi-signature wallet security and vigilant monitoring. Always cross-verify the source and the access request to avoid such attacks, and never sign requests blindly. After the WazirX multi-signature wallet breach, the team immediately addressed the suspicious transactions and is still investigating the incident.
The attackers swapped the stolen funds for Ether using decentralized services, obfuscating the trail and making it harder to trace. This highlights the importance of real-time detection and proactive security measures in the crypto space. The WazirX hack serves as a wake-up call; as the Web3 landscape evolves, so do the threats.
In response, it’s crucial to stay informed and secure. The community’s collective efforts are essential in building a safer crypto ecosystem. The WazirX hack demonstrates that while threats are evolving, proactive measures and community vigilance can help mitigate these risks.
Stay informed, stay secure!
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
The post A Closer Look At The WazirX India Hack: $235M Stolen In Real-Time appeared first on The Merkle News.
The incident was detected and analyzed by Cyver Alert’s SOC Lead, @Hakan_Cyvers, and his team, who were at the forefront, detecting and validating critical alerts as the hack unfolded.
The power of the community was evident as experts like @zachxbt and @Mudit__Gupta dissected the attack.
So, what went wrong? In simple terms, the multi-signature wallet got tricked. Hackers used phishing tactics to take control, then upgraded to a malicious wallet version—essentially like changing locks while pretending to be the locksmith.
The bug exploited a vulnerability in the multi-signature setup, allowing the attackers to compromise 4 out of the 6 required signatures through clever phishing.
🚨 A Deeper Dive into the @WazirXIndia Hack!
Top 10 biggest crypto hacks in history: $235M stolen in real-time.
How Cyvers' SOC team caught it in real time, what went wrong, and what can be done to prevent such cases in the future. 🧵👇 pic.twitter.com/PR2mFtqd2C
— Cyvers | Proactive Web3 Security (@Cyvers_) July 22, 2024
WazirX Team Still Working To Bring The Situation Under Control
This breach underscores the need for robust multi-signature wallet security and vigilant monitoring. Always cross-verify the source and the access request to avoid such attacks, and never sign requests blindly. After the WazirX multi-signature wallet breach, the team immediately addressed the suspicious transactions and is still investigating the incident.
The attackers swapped the stolen funds for Ether using decentralized services, obfuscating the trail and making it harder to trace. This highlights the importance of real-time detection and proactive security measures in the crypto space. The WazirX hack serves as a wake-up call; as the Web3 landscape evolves, so do the threats.
In response, it’s crucial to stay informed and secure. The community’s collective efforts are essential in building a safer crypto ecosystem. The WazirX hack demonstrates that while threats are evolving, proactive measures and community vigilance can help mitigate these risks.
Stay informed, stay secure!
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
The post A Closer Look At The WazirX India Hack: $235M Stolen In Real-Time appeared first on The Merkle News.
CHR Faces Sharp Pullback Amid Exploiter and Whale Activity
CHR has experienced a sharp pullback, hitting a support level around $0.23. Recent on-chain reports reveal that the WazirXIndia Exploiter was active again yesterday, moving 21.16 billion BOB ($800,000) and selling smaller holdings.
Additionally, the exploiter transferred 6.7 million CHR ($1.6 million) to a separate address, which was sold shortly thereafter. This activity came just three hours after the exploiter dumped various other assets.
The @WazirXIndia Exploiter is back on the move…
In the past hour, they've moved 21.16b $BOB ($800k) and some smaller holdings that have also been sold. And a further 6.7m $CHR ($1.6m), was sent to a separate address and was sold a few minutes ago
This is after the… pic.twitter.com/L0zPf8Id0O
— Nansen 🧭 (@nansen_ai) July 22, 2024
Adding to the market turbulence, Whale 0x4e74 deposited 9.86 million CHR (approximately $2.48 million) onto Binance. This whale began withdrawing CHR on May 28th and is estimated to have incurred a loss of $820,546, representing a 24.7% decrease in value.
12 hours ago, Whale 0x4e74 (https://t.co/N2uTgjfSqT) deposited 9.86M $CHR (~$2.48M) onto #Binance
Notably, this wallet started withdrawing $CHR from May 28th, estimated to have incurred a loss of $820,546 (24.7%) 😭 pic.twitter.com/km2X4nazI8
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 23, 2024
CHR Price Drop Following Recent Moves
These significant moves have contributed to CHR’s overall decline of 7.5% in the past 24 hours. The combination of large-scale asset movements by both the exploiter and the whale has created substantial selling pressure, driving the price down to its current support level.
Investors and market watchers are closely monitoring these developments, as the actions of large holders can significantly impact market dynamics. The recent activity highlights the volatility and risks associated with cryptocurrency trading, particularly when exploiters and whales are involved.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: iqoncept/123RF // Image Effects by Colorcinch
The post CHR Faces Sharp Pullback Amid Exploiter And Whale Activity appeared first on The Merkle News.
Additionally, the exploiter transferred 6.7 million CHR ($1.6 million) to a separate address, which was sold shortly thereafter. This activity came just three hours after the exploiter dumped various other assets.
The @WazirXIndia Exploiter is back on the move…
In the past hour, they've moved 21.16b $BOB ($800k) and some smaller holdings that have also been sold. And a further 6.7m $CHR ($1.6m), was sent to a separate address and was sold a few minutes ago
This is after the… pic.twitter.com/L0zPf8Id0O
— Nansen 🧭 (@nansen_ai) July 22, 2024
Adding to the market turbulence, Whale 0x4e74 deposited 9.86 million CHR (approximately $2.48 million) onto Binance. This whale began withdrawing CHR on May 28th and is estimated to have incurred a loss of $820,546, representing a 24.7% decrease in value.
12 hours ago, Whale 0x4e74 (https://t.co/N2uTgjfSqT) deposited 9.86M $CHR (~$2.48M) onto #Binance
Notably, this wallet started withdrawing $CHR from May 28th, estimated to have incurred a loss of $820,546 (24.7%) 😭 pic.twitter.com/km2X4nazI8
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 23, 2024
CHR Price Drop Following Recent Moves
These significant moves have contributed to CHR’s overall decline of 7.5% in the past 24 hours. The combination of large-scale asset movements by both the exploiter and the whale has created substantial selling pressure, driving the price down to its current support level.
Investors and market watchers are closely monitoring these developments, as the actions of large holders can significantly impact market dynamics. The recent activity highlights the volatility and risks associated with cryptocurrency trading, particularly when exploiters and whales are involved.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: iqoncept/123RF // Image Effects by Colorcinch
The post CHR Faces Sharp Pullback Amid Exploiter And Whale Activity appeared first on The Merkle News.
HashAI Surges 180% Amid Smart Wallet Activity and Upcoming LBank Listing
HashAI has seen a significant rise of 180% since July 15. Despite an 8% decline in the past 12 hours, iCrypto reports that three smart wallets have realized profits but have yet to sell their holdings.
$HashAI – Pay attention to 3 Smart Traders holding this #AI token now$HashAI raised +180% since July 15. iCrypto recorded 3 Smart Wallets have realized profits but HAVE NOT sold.
Overall their actions before watching @OfficialHashAI's analysis below: https://t.co/ZG5FiYJl2A… pic.twitter.com/QuCRFWgbgO
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 23, 2024
One notable smart wallet, 0x9a8c, first invested $4,000 in HashAI on July 15. This wallet has continued to dollar-cost average (DCA) into HashAI over the last eight days, suggesting insider knowledge or strong confidence in the asset. Despite the recent price decline, this strategy has paid off, maintaining good profits without any selling activity.
Another smart wallet, 0x2db8, purchased HashAI during a sideways trading range on July 18. This wallet also remains in profit and has not engaged in selling. Known for a win rate of 59% across various AI tokens, the actions of this wallet add a layer of credibility to the bullish outlook on HashAI.
HashAi Set For LBank Listing On July 25th
Adding to the excitement, HashAI is set to be listed on LBank on July 25. This upcoming listing is expected to increase HashAI’s visibility and accessibility, potentially driving further interest and investment.
🗽 New #listing
🌠 $HASHAI (HashAI) will be listed on LBank！@HashAi_Eth
Possessing extensive experience within Crypto and Web3, the Hash AI team have built the infrastructure, partnerships and distribution network to build and run a successful Crypto mining company.… pic.twitter.com/3vUqIlq4AR
— LBank.com (@LBank_Exchange) July 23, 2024
The HashAI team, possessing extensive experience in the crypto and Web3 sectors, has built a robust infrastructure, formed key partnerships, and established a distribution network. This solid foundation positions HashAI as a promising player in the cryptocurrency mining industry.
Investors are keeping a close watch on these smart wallets and the upcoming LBank listing, as their actions and the new exchange listing could significantly influence HashAI’s market performance. The combination of strategic wallet activities and the team’s strong background suggests a promising future for HashAI.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: tinofotografie/123RF // Image Effects by Colorcinch
The post HashAI Surges 180% Amid Smart Wallet Activity And Upcoming LBank Listing appeared first on The Merkle News.
$HashAI – Pay attention to 3 Smart Traders holding this #AI token now$HashAI raised +180% since July 15. iCrypto recorded 3 Smart Wallets have realized profits but HAVE NOT sold.
Overall their actions before watching @OfficialHashAI's analysis below: https://t.co/ZG5FiYJl2A… pic.twitter.com/QuCRFWgbgO
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 23, 2024
One notable smart wallet, 0x9a8c, first invested $4,000 in HashAI on July 15. This wallet has continued to dollar-cost average (DCA) into HashAI over the last eight days, suggesting insider knowledge or strong confidence in the asset. Despite the recent price decline, this strategy has paid off, maintaining good profits without any selling activity.
Another smart wallet, 0x2db8, purchased HashAI during a sideways trading range on July 18. This wallet also remains in profit and has not engaged in selling. Known for a win rate of 59% across various AI tokens, the actions of this wallet add a layer of credibility to the bullish outlook on HashAI.
HashAi Set For LBank Listing On July 25th
Adding to the excitement, HashAI is set to be listed on LBank on July 25. This upcoming listing is expected to increase HashAI’s visibility and accessibility, potentially driving further interest and investment.
🗽 New #listing
🌠 $HASHAI (HashAI) will be listed on LBank！@HashAi_Eth
Possessing extensive experience within Crypto and Web3, the Hash AI team have built the infrastructure, partnerships and distribution network to build and run a successful Crypto mining company.… pic.twitter.com/3vUqIlq4AR
— LBank.com (@LBank_Exchange) July 23, 2024
The HashAI team, possessing extensive experience in the crypto and Web3 sectors, has built a robust infrastructure, formed key partnerships, and established a distribution network. This solid foundation positions HashAI as a promising player in the cryptocurrency mining industry.
Investors are keeping a close watch on these smart wallets and the upcoming LBank listing, as their actions and the new exchange listing could significantly influence HashAI’s market performance. The combination of strategic wallet activities and the team’s strong background suggests a promising future for HashAI.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: tinofotografie/123RF // Image Effects by Colorcinch
The post HashAI Surges 180% Amid Smart Wallet Activity And Upcoming LBank Listing appeared first on The Merkle News.
Arkham Transfers $487.24 Million in $ARKM to Coinbase Prime for Compliance
In a significant move to meet regulatory and tax requirements, Arkham has withdrawn $487.24 million worth of $ARKM tokens from its vesting contract and transferred them to Coinbase Prime Custody.
Within the past 48 hours, the Arkham team moved 304.5 million $ARKM, valued at approximately $477 million, to Coinbase Prime.
[ARKHAM] Arkham Withdraws $487.24 Million in $ARKM from Vesting Contract, Transfers to #Coinbase Prime Custody to Meet Regulatory and Tax Requirements$COIN pic.twitter.com/vAH7qEgl3j
— BecauseBitcoin.com (@BecauseBitcoin) July 21, 2024
This transfer means that the unlocking and subsequent transfers of these tokens will no longer be viewable on-chain.
为满足交税与合规需求，昨晚十点 Arkham 团队向 Coinbase Prime 转移了 3.045 亿枚 $ARKM （价值高达 4.77 亿美金），这意味着后续无法查看这部分代币的解锁和转移情况👀
而 2 小时前 Coinbase Prime 接收地址已向 239… https://t.co/qNlrnxOcP6 pic.twitter.com/7p3J97Nkbj
— Ai 姨 (@ai_9684xtpa) July 21, 2024
Arkham Team Transfer And Regulatory Adherence
The Coinbase Prime receiving address subsequently distributed tokens to 239 different addresses. These transfers mark the start of a linear unlock cycle for the Arkham team, investors, and advisors, which began on July 17.
As part of this cycle, the current daily unlock volume for these groups is about 324,200 $ARKM, worth around $518,000.
#ARKM Cointelegraph: Arkham is transferring ARKM to Coinbase Prime to comply with tax requirements.
The transfers also mark the beginning of a linear unlock cycle for the team, investors, and advisors that started on July 17. The current daily unlock volume for these groups is…
— CryptoLens.News (@cryptolens_news) July 21, 2024
This strategic move highlights Arkham’s commitment to adhering to regulatory standards while ensuring that their token distribution process remains transparent and compliant. By using Coinbase Prime Custody, Arkham aims to meet compliance requirements effectively, though it also means reduced visibility into the status of these tokens.
The large transfer and the start of the unlock cycle are crucial for the community to understand, as they could impact the token’s market dynamics. Investors and stakeholders should stay informed about these developments, as the increased supply of unlocked tokens may influence $ARKM’s market performance.
Arkham’s proactive steps in meeting tax and compliance standards underscore the growing importance of regulatory adherence in the cryptocurrency space, setting a precedent for other projects to follow.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.
Follow us on Twitter @themerklehash to stay updated with the latest Metaverse news!
The post Arkham Transfers $487.24 Million In $ARKM To Coinbase Prime For Compliance appeared first on The Merkle News.
Within the past 48 hours, the Arkham team moved 304.5 million $ARKM, valued at approximately $477 million, to Coinbase Prime.
[ARKHAM] Arkham Withdraws $487.24 Million in $ARKM from Vesting Contract, Transfers to #Coinbase Prime Custody to Meet Regulatory and Tax Requirements$COIN pic.twitter.com/vAH7qEgl3j
— BecauseBitcoin.com (@BecauseBitcoin) July 21, 2024
This transfer means that the unlocking and subsequent transfers of these tokens will no longer be viewable on-chain.
为满足交税与合规需求，昨晚十点 Arkham 团队向 Coinbase Prime 转移了 3.045 亿枚 $ARKM （价值高达 4.77 亿美金），这意味着后续无法查看这部分代币的解锁和转移情况👀
而 2 小时前 Coinbase Prime 接收地址已向 239… https://t.co/qNlrnxOcP6 pic.twitter.com/7p3J97Nkbj
— Ai 姨 (@ai_9684xtpa) July 21, 2024
Arkham Team Transfer And Regulatory Adherence
The Coinbase Prime receiving address subsequently distributed tokens to 239 different addresses. These transfers mark the start of a linear unlock cycle for the Arkham team, investors, and advisors, which began on July 17.
As part of this cycle, the current daily unlock volume for these groups is about 324,200 $ARKM, worth around $518,000.
#ARKM Cointelegraph: Arkham is transferring ARKM to Coinbase Prime to comply with tax requirements.
The transfers also mark the beginning of a linear unlock cycle for the team, investors, and advisors that started on July 17. The current daily unlock volume for these groups is…
— CryptoLens.News (@cryptolens_news) July 21, 2024
This strategic move highlights Arkham’s commitment to adhering to regulatory standards while ensuring that their token distribution process remains transparent and compliant. By using Coinbase Prime Custody, Arkham aims to meet compliance requirements effectively, though it also means reduced visibility into the status of these tokens.
The large transfer and the start of the unlock cycle are crucial for the community to understand, as they could impact the token’s market dynamics. Investors and stakeholders should stay informed about these developments, as the increased supply of unlocked tokens may influence $ARKM’s market performance.
Arkham’s proactive steps in meeting tax and compliance standards underscore the growing importance of regulatory adherence in the cryptocurrency space, setting a precedent for other projects to follow.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.
Follow us on Twitter @themerklehash to stay updated with the latest Metaverse news!
The post Arkham Transfers $487.24 Million In $ARKM To Coinbase Prime For Compliance appeared first on The Merkle News.
POPCAT’s 117% Surge Sparks Mainstream Interest: a Potential Correction Ahead?”
POPCAT, a meme coin built on the Solana blockchain, has recently grabbed the attention of mainstream traders with a dramatic 117% price surge since July 11th.
Such rapid increases often draw significant market interest but can also signal an impending correction, offering potentially better entry points for investors.
😺 POPCAT has drawn attention from mainstream traders after the Solana-based asset has surged +117% since July 11th. Historically, this level of sudden interest as a result of a price surge has a high chance of leading to a correction, where better entry points are likely. pic.twitter.com/Skpkn8Utu6
— Santiment (@santimentfeed) July 21, 2024
In the past 24 hours, POPCAT reached a new all-time high of $0.9976, reflecting its recent surge. Despite this impressive milestone, experts predict a possible short-term decline of around 10%. This anticipated dip is a common occurrence in volatile markets following sharp price movements, as traders often take profits and the market stabilizes.
🚨JUST IN: $POPCAT, #Solana #meme coin @POPCATSOLANA hits New ATH of $0.9976. #POPCAT. $SOL. pic.twitter.com/pgJrrC2fUE
— CoinEcho (@mycoinecho) July 21, 2024
POPCAT Inches Closer To Major Achievement In The Memecoin Sector
Currently, POPCAT is inching closer to a major achievement in the memecoin sector: becoming the first cat-themed coin to reach a market capitalization of $1 billion. At present, its market cap stands at $866 million. The journey to this landmark underscores POPCAT’s growing influence and the high stakes involved in its continued success.
As POPCAT navigates this critical phase, market participants are keeping a close eye on its performance. The potential for a brief decline presents both a risk and an opportunity, with many looking for favorable conditions to enter or adjust their positions. POPCAT’s trajectory highlights the inherent volatility and excitement of the cryptocurrency market, where rapid gains and corrections are part of the landscape.
In summary, while POPCAT’s recent surge is noteworthy, investors should be prepared for potential fluctuations as the coin strives towards its $1 billion market cap goal.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: solarseven/123RF // Image Effects by Colorcinch
The post POPCAT’s 117% Surge Sparks Mainstream Interest: A Potential Correction Ahead?” appeared first on The Merkle News.
Such rapid increases often draw significant market interest but can also signal an impending correction, offering potentially better entry points for investors.
😺 POPCAT has drawn attention from mainstream traders after the Solana-based asset has surged +117% since July 11th. Historically, this level of sudden interest as a result of a price surge has a high chance of leading to a correction, where better entry points are likely. pic.twitter.com/Skpkn8Utu6
— Santiment (@santimentfeed) July 21, 2024
In the past 24 hours, POPCAT reached a new all-time high of $0.9976, reflecting its recent surge. Despite this impressive milestone, experts predict a possible short-term decline of around 10%. This anticipated dip is a common occurrence in volatile markets following sharp price movements, as traders often take profits and the market stabilizes.
🚨JUST IN: $POPCAT, #Solana #meme coin @POPCATSOLANA hits New ATH of $0.9976. #POPCAT. $SOL. pic.twitter.com/pgJrrC2fUE
— CoinEcho (@mycoinecho) July 21, 2024
POPCAT Inches Closer To Major Achievement In The Memecoin Sector
Currently, POPCAT is inching closer to a major achievement in the memecoin sector: becoming the first cat-themed coin to reach a market capitalization of $1 billion. At present, its market cap stands at $866 million. The journey to this landmark underscores POPCAT’s growing influence and the high stakes involved in its continued success.
As POPCAT navigates this critical phase, market participants are keeping a close eye on its performance. The potential for a brief decline presents both a risk and an opportunity, with many looking for favorable conditions to enter or adjust their positions. POPCAT’s trajectory highlights the inherent volatility and excitement of the cryptocurrency market, where rapid gains and corrections are part of the landscape.
In summary, while POPCAT’s recent surge is noteworthy, investors should be prepared for potential fluctuations as the coin strives towards its $1 billion market cap goal.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: solarseven/123RF // Image Effects by Colorcinch
The post POPCAT’s 117% Surge Sparks Mainstream Interest: A Potential Correction Ahead?” appeared first on The Merkle News.
Binance Completes 28th Quarterly BNB Burn, Removing $971M Worth of Tokens
Binance has just wrapped up its 28th quarterly BNB burn, eliminating a total of 1,643,699 BNB, which is valued at approximately $971 million.
This latest burn did not include the Pioneer Burn Program, focusing solely on the regular quarterly reduction. Binance’s ongoing commitment is to burn BNB each quarter until half of the total supply, roughly 100,000,000 BNB, has been removed from circulation.
The BNB Foundation has officially announced the completion of the 28th quarterly BNB token burn by BNB Chain. Total BNB burned is 1,643,698.8 BNB, worth ~$971M. The burn amount is adjusted based on BNB's price and the number of blocks generated on BSC during a quarter.…
— Wu Blockchain (@WuBlockchain) July 22, 2024
The BNB token, integral to the BNB Chain ecosystem, plays a key role in facilitating transactions across the Binance Smart Chain (BSC), opBNB Layer 2 solutions, and BNB Greenfield. Additionally, BNB functions as a governance token, enabling holders to participate in decentralized decision-making processes.
⚡️ @Binance has completed their 28th quarterly $BNB token burn
Binance has completed their 28th quarterly #BNB burn, permanently removing 1,643,699 BNB, or the equivalent of approximately $971M. The latest quarterly burn includes the actual burning of 1,643,699 BNB, and didn't… pic.twitter.com/l7cW6ppwgd
— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) July 22, 2024
Binance Quarterly Burn, Good Strategy To Manage BNB Supply
The quarterly burn process is part of Binance’s strategy to manage BNB’s supply and potentially increase its value by reducing the number of tokens in circulation. By systematically burning a portion of the total BNB supply, Binance aims to enhance the token’s scarcity and value proposition.
This recent burn highlights Binance’s ongoing efforts to maintain the economic health of the BNB token and its ecosystem. As the company continues its quarterly burns, the long-term impact on BNB’s value and its role within the broader cryptocurrency market will be closely watched by investors and industry participants alike.
Overall, Binance’s commitment to reducing the BNB supply demonstrates a strategic approach to managing tokenomics and ensuring the sustainability of its ecosystem.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: ivanbabydov/123RF// Image Effects by Colorcinch
The post Binance Completes 28th Quarterly BNB Burn, Removing $971M Worth Of Tokens appeared first on The Merkle News.
This latest burn did not include the Pioneer Burn Program, focusing solely on the regular quarterly reduction. Binance’s ongoing commitment is to burn BNB each quarter until half of the total supply, roughly 100,000,000 BNB, has been removed from circulation.
The BNB Foundation has officially announced the completion of the 28th quarterly BNB token burn by BNB Chain. Total BNB burned is 1,643,698.8 BNB, worth ~$971M. The burn amount is adjusted based on BNB's price and the number of blocks generated on BSC during a quarter.…
— Wu Blockchain (@WuBlockchain) July 22, 2024
The BNB token, integral to the BNB Chain ecosystem, plays a key role in facilitating transactions across the Binance Smart Chain (BSC), opBNB Layer 2 solutions, and BNB Greenfield. Additionally, BNB functions as a governance token, enabling holders to participate in decentralized decision-making processes.
⚡️ @Binance has completed their 28th quarterly $BNB token burn
Binance has completed their 28th quarterly #BNB burn, permanently removing 1,643,699 BNB, or the equivalent of approximately $971M. The latest quarterly burn includes the actual burning of 1,643,699 BNB, and didn't… pic.twitter.com/l7cW6ppwgd
— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) July 22, 2024
Binance Quarterly Burn, Good Strategy To Manage BNB Supply
The quarterly burn process is part of Binance’s strategy to manage BNB’s supply and potentially increase its value by reducing the number of tokens in circulation. By systematically burning a portion of the total BNB supply, Binance aims to enhance the token’s scarcity and value proposition.
This recent burn highlights Binance’s ongoing efforts to maintain the economic health of the BNB token and its ecosystem. As the company continues its quarterly burns, the long-term impact on BNB’s value and its role within the broader cryptocurrency market will be closely watched by investors and industry participants alike.
Overall, Binance’s commitment to reducing the BNB supply demonstrates a strategic approach to managing tokenomics and ensuring the sustainability of its ecosystem.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: ivanbabydov/123RF// Image Effects by Colorcinch
The post Binance Completes 28th Quarterly BNB Burn, Removing $971M Worth Of Tokens appeared first on The Merkle News.
Ethereum Struggles At $3,500 Resistance As Major Whales Make Moves Ahead of ETF Launch
Since July 16th, Ethereum (ETH) has faced significant difficulty breaking through the $3,500 resistance level.
This challenge is partly due to the 3.13 million addresses that acquired ETH at an average price of $3,547.
Many of these addresses are currently holding their ETH at a loss, which contributes to increased selling pressure and complicates ETH’s efforts to surpass this crucial price point.
Ethereum Faces Critical Resistance at $3,500
Since July 16th, Ethereum (ETH) has been struggling to surpass the $3,500 resistance level. A major factor contributing to this challenge is the 3.13 million addresses that purchased ETH at an average price of $3,547.
These… pic.twitter.com/iUOuXtToKq
— IntoTheBlock (@intotheblock) July 22, 2024
Adding to the market’s intrigue, two major whales have recently made substantial deposits of ETH into centralized exchanges (CEX) in the nine days leading up to Ethereum’s anticipated ETF launch. These moves highlight significant shifts in market dynamics as the ETF launch approaches.
Notable Whales Makes Massive Ethereum Transfers
The first whale, identified as 0xbec, transferred 11,965 ETH to Binance over the past five days at an average price of approximately $3,457, totaling around $41.4 million. This whale’s most recent action was 12 hours ago, and they currently hold 51,462 ETH, valued at roughly $180 million, with an estimated profit of $29.9 million, reflecting a 14.7% gain.
In the 9 days ahead of tomorrow's #Ethereum ETF launch, two giant whales deposited 25,865 $ETH ($89M) to CEX!
1️⃣ Whale 0xbec moved 11,965 $ETH to #Binance at ~$3,457 ($41.4M) in the past 5 days.
• Last action: 12hrs ago• Holding: 51,462 $ETH (~$180M)• Est. profit: $29.9M… pic.twitter.com/q4Cs8LhkX6
— Spot On Chain (@spotonchain) July 22, 2024
The second whale, operating under the multisignature address 0x7d6, deposited 13,900 ETH into OKX in the last nine days, with an average price of about $3,427, equating to $47.6 million. This whale’s most recent transaction was 11 hours ago, and they hold a substantial 188,070 ETH, worth $657 million, spread across two wallets.
These significant movements by whales could impact market sentiment and contribute to the ongoing struggle for ETH to break through the $3,500 resistance. As the ETF launch draws near, these developments will be closely watched by investors and analysts alike.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: niphonsubsri/123RF // Image Effects by Colorcinch
The post Ethereum Struggles At $3,500 Resistance As Major Whales Make Moves Ahead Of ETF Launch appeared first on The Merkle News.
This challenge is partly due to the 3.13 million addresses that acquired ETH at an average price of $3,547.
Many of these addresses are currently holding their ETH at a loss, which contributes to increased selling pressure and complicates ETH’s efforts to surpass this crucial price point.
Ethereum Faces Critical Resistance at $3,500
Since July 16th, Ethereum (ETH) has been struggling to surpass the $3,500 resistance level. A major factor contributing to this challenge is the 3.13 million addresses that purchased ETH at an average price of $3,547.
These… pic.twitter.com/iUOuXtToKq
— IntoTheBlock (@intotheblock) July 22, 2024
Adding to the market’s intrigue, two major whales have recently made substantial deposits of ETH into centralized exchanges (CEX) in the nine days leading up to Ethereum’s anticipated ETF launch. These moves highlight significant shifts in market dynamics as the ETF launch approaches.
Notable Whales Makes Massive Ethereum Transfers
The first whale, identified as 0xbec, transferred 11,965 ETH to Binance over the past five days at an average price of approximately $3,457, totaling around $41.4 million. This whale’s most recent action was 12 hours ago, and they currently hold 51,462 ETH, valued at roughly $180 million, with an estimated profit of $29.9 million, reflecting a 14.7% gain.
In the 9 days ahead of tomorrow's #Ethereum ETF launch, two giant whales deposited 25,865 $ETH ($89M) to CEX!
1️⃣ Whale 0xbec moved 11,965 $ETH to #Binance at ~$3,457 ($41.4M) in the past 5 days.
• Last action: 12hrs ago• Holding: 51,462 $ETH (~$180M)• Est. profit: $29.9M… pic.twitter.com/q4Cs8LhkX6
— Spot On Chain (@spotonchain) July 22, 2024
The second whale, operating under the multisignature address 0x7d6, deposited 13,900 ETH into OKX in the last nine days, with an average price of about $3,427, equating to $47.6 million. This whale’s most recent transaction was 11 hours ago, and they hold a substantial 188,070 ETH, worth $657 million, spread across two wallets.
These significant movements by whales could impact market sentiment and contribute to the ongoing struggle for ETH to break through the $3,500 resistance. As the ETF launch draws near, these developments will be closely watched by investors and analysts alike.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any service.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: niphonsubsri/123RF // Image Effects by Colorcinch
The post Ethereum Struggles At $3,500 Resistance As Major Whales Make Moves Ahead Of ETF Launch appeared first on The Merkle News.
Crypto Market Rebounds: Biden’s Political Moves and Mt. Gox Activity Stir Up Volatility
After a surprising rebound over the past two weeks, Bitcoin and the broader cryptocurrency market have quieted down, especially as BTC approaches the $70,000 mark once again.
The previous calls for a bear market in early July have faded as market sentiment shifts.
🤫 The crowd's gone silent after Bitcoin and crypto have enjoyed a somewhat surprising rebound the past 2 weeks. Those vocal about an impending bear market in early July have essentially disappeared as BTC has neared $70K once again. pic.twitter.com/i4x3KbQBDQ
— Santiment (@santimentfeed) July 21, 2024
Recent political news has had a brief but noticeable impact on crypto prices. Joe Biden’s rejection of the democratic representation in the upcoming U.S. election triggered a minor panic sell-off in the crypto market. This echoes a similar reaction seen two weeks ago when news of an attempted assassination of Donald Trump led to a comparable price dip, followed by a quick recovery. As the week began, crypto prices showed increased volatility, reflecting ongoing market sensitivity to political developments.
🇺🇸 The news of Joe Biden's rejection of the democratic representation in the upcoming US election led to an immediate small panic drop in crypto prices.
Though wildly different circumstances, the news of the Trump attempted assassination from 2 weeks ago caused a similar price… pic.twitter.com/X3fbWYSPwk
— Santiment (@santimentfeed) July 22, 2024
Looking ahead, Biden’s endorsement of Kamala Harris could further influence crypto trends. The social media buzz surrounding her and other potential political candidates may continue to affect cryptocurrency prices, demonstrating the fragile link between political news and market sentiment.
In positive news for the digital asset space, CoinShares reported that investment products for cryptocurrencies saw $1.35 billion in inflows last week, with a total of $3.2 billion over the past three weeks. Bitcoin investment products alone accounted for $1.27 billion of this figure. Ethereum also saw a boost, with $45 million in inflows last week, totaling $103 million for the year.
According to CoinShares, digital asset investment products saw inflows of $1.35 billion last week, bringing the total inflows over the past three weeks to $3.2 billion. Bitcoin investment products saw inflows of $1.27 billion. Ethereum investment products saw inflows of $45…
— Wu Blockchain (@WuBlockchain) July 22, 2024
About 93% Of Bitcoin Addresses Are Now In Profit
Additionally, 93% of Bitcoin addresses are now in profit following BTC’s rise to $67,000. In recent activity, Mt. Gox transferred 0.02 BTC ($1,379) to a new wallet, possibly in preparation for creditor repayments.
93% of Bitcoin addresses are in a profit again after Bitcoin's strong move to $67k pic.twitter.com/92LTWRzpdP
— IntoTheBlock (@intotheblock) July 22, 2024
In July, Mt. Gox deposited 1,545 BTC ($84.87 million) to Bitbank and moved 48,641 BTC ($3.27 billion) to a new wallet, possibly related to Kraken. The exchange still holds an estimated 138,985 BTC, valued at around $9.35 billion.
An hour ago, Mt. Gox moved 0.02 $BTC ($1,379) to new wallet 1C9Vd, likely preparing for the next creditor repayment!
To repay creditors this July as planned, Mt. Gox has so far:➡️ Deposited 1,545 $BTC ($84.87M) to #Bitbank on Jul 5;➡️ Moved 48,641 $BTC ($3.27B) wallet 3JQie,… pic.twitter.com/eRnB7ISctP
— Spot On Chain (@spotonchain) July 22, 2024
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: zerezniy/123RF // Image Effects by Colorcinch
The post Crypto Market Rebounds: Biden’s Political Moves And Mt. Gox Activity Stir Up Volatility appeared first on The Merkle News.
The previous calls for a bear market in early July have faded as market sentiment shifts.
🤫 The crowd's gone silent after Bitcoin and crypto have enjoyed a somewhat surprising rebound the past 2 weeks. Those vocal about an impending bear market in early July have essentially disappeared as BTC has neared $70K once again. pic.twitter.com/i4x3KbQBDQ
— Santiment (@santimentfeed) July 21, 2024
Recent political news has had a brief but noticeable impact on crypto prices. Joe Biden’s rejection of the democratic representation in the upcoming U.S. election triggered a minor panic sell-off in the crypto market. This echoes a similar reaction seen two weeks ago when news of an attempted assassination of Donald Trump led to a comparable price dip, followed by a quick recovery. As the week began, crypto prices showed increased volatility, reflecting ongoing market sensitivity to political developments.
🇺🇸 The news of Joe Biden's rejection of the democratic representation in the upcoming US election led to an immediate small panic drop in crypto prices.
Though wildly different circumstances, the news of the Trump attempted assassination from 2 weeks ago caused a similar price… pic.twitter.com/X3fbWYSPwk
— Santiment (@santimentfeed) July 22, 2024
Looking ahead, Biden’s endorsement of Kamala Harris could further influence crypto trends. The social media buzz surrounding her and other potential political candidates may continue to affect cryptocurrency prices, demonstrating the fragile link between political news and market sentiment.
In positive news for the digital asset space, CoinShares reported that investment products for cryptocurrencies saw $1.35 billion in inflows last week, with a total of $3.2 billion over the past three weeks. Bitcoin investment products alone accounted for $1.27 billion of this figure. Ethereum also saw a boost, with $45 million in inflows last week, totaling $103 million for the year.
According to CoinShares, digital asset investment products saw inflows of $1.35 billion last week, bringing the total inflows over the past three weeks to $3.2 billion. Bitcoin investment products saw inflows of $1.27 billion. Ethereum investment products saw inflows of $45…
— Wu Blockchain (@WuBlockchain) July 22, 2024
About 93% Of Bitcoin Addresses Are Now In Profit
Additionally, 93% of Bitcoin addresses are now in profit following BTC’s rise to $67,000. In recent activity, Mt. Gox transferred 0.02 BTC ($1,379) to a new wallet, possibly in preparation for creditor repayments.
93% of Bitcoin addresses are in a profit again after Bitcoin's strong move to $67k pic.twitter.com/92LTWRzpdP
— IntoTheBlock (@intotheblock) July 22, 2024
In July, Mt. Gox deposited 1,545 BTC ($84.87 million) to Bitbank and moved 48,641 BTC ($3.27 billion) to a new wallet, possibly related to Kraken. The exchange still holds an estimated 138,985 BTC, valued at around $9.35 billion.
An hour ago, Mt. Gox moved 0.02 $BTC ($1,379) to new wallet 1C9Vd, likely preparing for the next creditor repayment!
To repay creditors this July as planned, Mt. Gox has so far:➡️ Deposited 1,545 $BTC ($84.87M) to #Bitbank on Jul 5;➡️ Moved 48,641 $BTC ($3.27B) wallet 3JQie,… pic.twitter.com/eRnB7ISctP
— Spot On Chain (@spotonchain) July 22, 2024
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: zerezniy/123RF // Image Effects by Colorcinch
The post Crypto Market Rebounds: Biden’s Political Moves And Mt. Gox Activity Stir Up Volatility appeared first on The Merkle News.
$ROCKY Breaks Out of Accumulation Phase With Promising Holder Count and Influencer Support
$ROCKY has recently emerged from an accumulation phase, showing a promising increase in its holder count.
Key influencers, who previously contributed to driving $ROCKY’s market cap to nearly $50 million, are expected to begin tweeting about the token soon.
This renewed attention has set the stage for a potential strong pump, as indicated by the formation of a double bottom. Notably, $ROCKY has already seen a 25% increase in the past 24 hours.
https://twitter.com/nazarin_eth/status/1814290758528041060?t=6cYl3a5LoV5VDbJhWI8XiQ&s=19
Significant Accumulation Of $ROCKY Spotted
On-chain reports reveal significant accumulation activity by a whale known for trading $BILLY. Over the last eight days, this whale has spent $284,000 to purchase $ROCKY at an average price of $0.0086, resulting in a total unrealized profit of $375,000. Over the past 30 days, this whale’s trading activities in $BILLY and $ROCKY have yielded $1 million in unrealized profits, making him the top player in the $ROCKY market.
I found this whale on BILLY who has been accumulating $ROCKY.
In 8 days, he spent 284K to buy $ROCKY at an average price of 0.0086. Total unrealized profit is 375K.
In the past 30 days, this whale traded $BILLY and $ROCKY and made 1M in unrealized profit.
He's now the top… pic.twitter.com/ZHdZWEBUH9
— solonchain (@CryptobigM) July 18, 2024
The recent breakout from the accumulation phase and the strategic accumulation by a prominent whale highlight the growing interest and potential of $ROCKY. As the token gains more traction and visibility through influencer endorsements, it is poised for further growth. Investors are advised to keep an eye on this token as it continues to show strong market performance and potential for significant returns.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
The post $ROCKY Breaks Out of Accumulation Phase With Promising Holder Count And Influencer Support appeared first on The Merkle News.
Key influencers, who previously contributed to driving $ROCKY’s market cap to nearly $50 million, are expected to begin tweeting about the token soon.
This renewed attention has set the stage for a potential strong pump, as indicated by the formation of a double bottom. Notably, $ROCKY has already seen a 25% increase in the past 24 hours.
https://twitter.com/nazarin_eth/status/1814290758528041060?t=6cYl3a5LoV5VDbJhWI8XiQ&s=19
Significant Accumulation Of $ROCKY Spotted
On-chain reports reveal significant accumulation activity by a whale known for trading $BILLY. Over the last eight days, this whale has spent $284,000 to purchase $ROCKY at an average price of $0.0086, resulting in a total unrealized profit of $375,000. Over the past 30 days, this whale’s trading activities in $BILLY and $ROCKY have yielded $1 million in unrealized profits, making him the top player in the $ROCKY market.
I found this whale on BILLY who has been accumulating $ROCKY.
In 8 days, he spent 284K to buy $ROCKY at an average price of 0.0086. Total unrealized profit is 375K.
In the past 30 days, this whale traded $BILLY and $ROCKY and made 1M in unrealized profit.
He's now the top… pic.twitter.com/ZHdZWEBUH9
— solonchain (@CryptobigM) July 18, 2024
The recent breakout from the accumulation phase and the strategic accumulation by a prominent whale highlight the growing interest and potential of $ROCKY. As the token gains more traction and visibility through influencer endorsements, it is poised for further growth. Investors are advised to keep an eye on this token as it continues to show strong market performance and potential for significant returns.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
The post $ROCKY Breaks Out of Accumulation Phase With Promising Holder Count And Influencer Support appeared first on The Merkle News.
Market Movements Shake $ETHFI: Resistance Breaks, Sellers Pile in
EthereumFi ($ETHFI) has seen intriguing market activity over the last few hours. The price broke through a major resistance level on the higher time frame (HTF), but aggressive sellers have increased open interest by over $20 million, leading to a significant negative funding rate.
This scenario sets the stage for a potential snowball effect once the funding rate stabilizes.
On-chain analyst The Data Nerd reported that the EthereumFi team address deposited 880,000 $ETHFI (worth $2.03 million) to Binance just four hours ago. This follows a similar pattern from July 12th, when the same address deposited 800,000 $ETHFI (approximately $1.87 million) into Binance.
Currently, this address holds a substantial 7.94 million $ETHFI, valued at around $18.58 million. The repeated large deposits indicate potential strategic moves by the EthereumFi team, possibly preparing for significant market actions or liquidity adjustments.
4 hours ago, a wallet (belongs to @ether_fi) deposited another 800k $ETHFI (~$2.03M) to #Binance.
Just now, this wallet still has 7.94M $ETHFI (~$18.58M).
Address:https://t.co/yWRXsxcBJi https://t.co/ZMo8Iv0VbR pic.twitter.com/2FH10CtEIq
— The Data Nerd (@OnchainDataNerd) July 19, 2024
ETHFI Market Response To These Actions Has Been Swift
The market response to these deposits and the break of resistance has been swift. The aggressive selling and the increased open interest suggest that some traders are positioning for a downward move, betting against the price rise. The negative funding rate indicates a bearish sentiment prevailing in the market, but this could quickly reverse if the funding rate cools down, leading to a potential short squeeze and a rapid price increase.
EthereumFi’s current market dynamics highlight the volatility and the strategic maneuvers by large holders and institutional players. Traders should monitor the funding rates and market reactions closely, as the cooling of the funding rate could trigger a significant price movement.
In summary, $ETHFI is experiencing high volatility with aggressive market actions from both buyers and sellers. The recent deposits by the EthereumFi team into Binance add another layer of complexity to the market dynamics. As the situation unfolds, market participants should stay alert for potential rapid changes in price and sentiment.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
The post Market Movements Shake $ETHFI: Resistance Breaks, Sellers Pile In appeared first on The Merkle News.
This scenario sets the stage for a potential snowball effect once the funding rate stabilizes.
On-chain analyst The Data Nerd reported that the EthereumFi team address deposited 880,000 $ETHFI (worth $2.03 million) to Binance just four hours ago. This follows a similar pattern from July 12th, when the same address deposited 800,000 $ETHFI (approximately $1.87 million) into Binance.
Currently, this address holds a substantial 7.94 million $ETHFI, valued at around $18.58 million. The repeated large deposits indicate potential strategic moves by the EthereumFi team, possibly preparing for significant market actions or liquidity adjustments.
4 hours ago, a wallet (belongs to @ether_fi) deposited another 800k $ETHFI (~$2.03M) to #Binance.
Just now, this wallet still has 7.94M $ETHFI (~$18.58M).
Address:https://t.co/yWRXsxcBJi https://t.co/ZMo8Iv0VbR pic.twitter.com/2FH10CtEIq
— The Data Nerd (@OnchainDataNerd) July 19, 2024
ETHFI Market Response To These Actions Has Been Swift
The market response to these deposits and the break of resistance has been swift. The aggressive selling and the increased open interest suggest that some traders are positioning for a downward move, betting against the price rise. The negative funding rate indicates a bearish sentiment prevailing in the market, but this could quickly reverse if the funding rate cools down, leading to a potential short squeeze and a rapid price increase.
EthereumFi’s current market dynamics highlight the volatility and the strategic maneuvers by large holders and institutional players. Traders should monitor the funding rates and market reactions closely, as the cooling of the funding rate could trigger a significant price movement.
In summary, $ETHFI is experiencing high volatility with aggressive market actions from both buyers and sellers. The recent deposits by the EthereumFi team into Binance add another layer of complexity to the market dynamics. As the situation unfolds, market participants should stay alert for potential rapid changes in price and sentiment.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
The post Market Movements Shake $ETHFI: Resistance Breaks, Sellers Pile In appeared first on The Merkle News.
Solana Sees Surge in Daily Active Wallets and Dominates DEX Volume
Solana’s ecosystem is experiencing significant growth, with daily active wallets skyrocketing to 1.2 million.
This surge includes the addition of 215,000 new wallets in just two days, reflecting the increasing interest and adoption of the platform.
🚨 BREAKING: @solana sees Daily Active Wallets surge to 1.2 million, following the addition of 215K new wallets in just 2 days. pic.twitter.com/5F0xUzK456
— SolanaFloor (@SolanaFloor) July 18, 2024
Currently, Solana commands over 30% of the total decentralized exchange (DEX) volume across all blockchains, a remarkable increase from its mere 2% share a year ago.
This 15x growth highlights Solana’s rising prominence in the decentralized finance (DeFi) space and its ability to attract and retain a growing user base.
🟤#Altcoins #Facts🟤Solana now accounts for over 30% of the total DEX volume across all blockchains, which is a 15x increase from its 2% share a year ago…👀🤎#Crypto #Solana #SOL pic.twitter.com/cObXeqfeXE
— All Facts Crypto (@AllFactsCrypto) July 19, 2024
Solana Forms A Bullish Pattern, New Levels Approaching
According to analyst Ali Martinez, Solana is forming a bullish flag pattern. If Solana can break through the $162-$164 resistance range, the next target for $SOL is $175. This bullish outlook suggests that Solana’s recent growth in user activity and market share could translate into substantial price gains.
If #Solana surpasses the $162-$164 resistance range, the next target for $SOL is $175! pic.twitter.com/mxq0Z4F2pd
— Ali (@ali_charts) July 18, 2024
The rapid increase in daily active wallets and Solana’s dominance in DEX volume underscore the platform’s strong fundamentals and growing appeal to both users and developers. As more participants join the Solana ecosystem, its capacity to handle a high volume of transactions efficiently and cost-effectively continues to attract attention.
Solana’s technological advancements and robust infrastructure have positioned it as a formidable player in the blockchain space. The platform’s ability to scale and support a wide range of decentralized applications (dApps) and services has been key to its growth.
With Solana’s market share in DEX volume and daily active wallets on the rise, the platform is poised for further growth. If the bullish flag pattern plays out as analysts expect, Solana could see significant price appreciation, making it an attractive prospect for investors and users alike.
The bull flag nobody is talking about! #Solana $SOL pic.twitter.com/PoX8zpz5HH
— Ali (@ali_charts) July 18, 2024
Keep an eye on the $162-$164 resistance range, as breaking through this level could signal a new phase of growth for Solana.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: alexandarilich/123RF // Image Effects by Colorcinch
The post Solana Sees Surge In Daily Active Wallets And Dominates DEX Volume appeared first on The Merkle News.
This surge includes the addition of 215,000 new wallets in just two days, reflecting the increasing interest and adoption of the platform.
🚨 BREAKING: @solana sees Daily Active Wallets surge to 1.2 million, following the addition of 215K new wallets in just 2 days. pic.twitter.com/5F0xUzK456
— SolanaFloor (@SolanaFloor) July 18, 2024
Currently, Solana commands over 30% of the total decentralized exchange (DEX) volume across all blockchains, a remarkable increase from its mere 2% share a year ago.
This 15x growth highlights Solana’s rising prominence in the decentralized finance (DeFi) space and its ability to attract and retain a growing user base.
🟤#Altcoins #Facts🟤Solana now accounts for over 30% of the total DEX volume across all blockchains, which is a 15x increase from its 2% share a year ago…👀🤎#Crypto #Solana #SOL pic.twitter.com/cObXeqfeXE
— All Facts Crypto (@AllFactsCrypto) July 19, 2024
Solana Forms A Bullish Pattern, New Levels Approaching
According to analyst Ali Martinez, Solana is forming a bullish flag pattern. If Solana can break through the $162-$164 resistance range, the next target for $SOL is $175. This bullish outlook suggests that Solana’s recent growth in user activity and market share could translate into substantial price gains.
If #Solana surpasses the $162-$164 resistance range, the next target for $SOL is $175! pic.twitter.com/mxq0Z4F2pd
— Ali (@ali_charts) July 18, 2024
The rapid increase in daily active wallets and Solana’s dominance in DEX volume underscore the platform’s strong fundamentals and growing appeal to both users and developers. As more participants join the Solana ecosystem, its capacity to handle a high volume of transactions efficiently and cost-effectively continues to attract attention.
Solana’s technological advancements and robust infrastructure have positioned it as a formidable player in the blockchain space. The platform’s ability to scale and support a wide range of decentralized applications (dApps) and services has been key to its growth.
With Solana’s market share in DEX volume and daily active wallets on the rise, the platform is poised for further growth. If the bullish flag pattern plays out as analysts expect, Solana could see significant price appreciation, making it an attractive prospect for investors and users alike.
The bull flag nobody is talking about! #Solana $SOL pic.twitter.com/PoX8zpz5HH
— Ali (@ali_charts) July 18, 2024
Keep an eye on the $162-$164 resistance range, as breaking through this level could signal a new phase of growth for Solana.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: alexandarilich/123RF // Image Effects by Colorcinch
The post Solana Sees Surge In Daily Active Wallets And Dominates DEX Volume appeared first on The Merkle News.
$BNB Holders Anticipate Airdrop and $BANANA Listing on Binance
An exciting event is on the horizon for $BNB holders: an airdrop, coupled with the listing of @BananaGunBot $BANANA on Binance. This much-anticipated listing is set for 9:00 UTC on July 20.
10 hours ago, a demo amount of 40.1K $BANANA ~$2.8M was deposited by @BananaGunBot project wallet (https://t.co/wjJzL0l247) onto #Binance
30 minutes ago, 800K $BANANA ~$59.46M was sent by the same project wallet to a new wallet address, which could potentially be the @Binance… pic.twitter.com/3t2sBvs3LT
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 19, 2024
Recent on-chain reports reveal that 10 hours ago, @BananaGunBot’s project wallet deposited a demo amount of 40.1K $BANANA, valued at approximately $2.8 million, onto Binance. Notably, 30 minutes ago, the same wallet transferred 800K $BANANA, worth about $59.46 million, to a new wallet address. This new address could potentially be Binance’s liquidity wallet for BANANA.
Smart Money activities have already started to pick up around $BANANA. A savvy trader recently swapped 439.8 $WETH (equivalent to $1.5 million) for 21,183 $BANANA at an average price of $70.66, marking the beginning of their second trade.
Traders Make Profits From Trading $BANANA
In their previous trading spree between November 2023 and March 2024, this trader earned $340K (+81.8%) by trading 37,605 $BANANA. Their average buying and selling prices were $11.04 and $20.08, respectively.
11 hours ago, a smart trader swapped 439.8 $WETH ($1.5M) for 21,183 $BANANA at an avg price of $70.66, starting the 2nd trade!
Previously, this trader earned $340K (+81.8%) by trading 37,605 $BANANA between Nov 2023 and Mar 2024. The average buying and selling prices were $11.04… pic.twitter.com/mneXtbJN1x
— Spot On Chain (@spotonchain) July 19, 2024
The upcoming airdrop and Binance listing are set to draw significant attention to $BANANA, especially considering the active trading strategies employed by smart traders. With substantial deposits and liquidity arrangements in place, the $BANANA market is poised for heightened activity. As always, keeping an eye on Smart Money moves can offer valuable insights into market trends and potential profit opportunities.
Stay tuned as @BananaGunBot makes its debut on Binance, and watch out for the potential market movements that could follow the airdrop and listing event.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: archnoi1/123RF // Image Effects by Colorcinch
The post $BNB Holders Anticipate Airdrop And $BANANA Listing On Binance appeared first on The Merkle News.
10 hours ago, a demo amount of 40.1K $BANANA ~$2.8M was deposited by @BananaGunBot project wallet (https://t.co/wjJzL0l247) onto #Binance
30 minutes ago, 800K $BANANA ~$59.46M was sent by the same project wallet to a new wallet address, which could potentially be the @Binance… pic.twitter.com/3t2sBvs3LT
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 19, 2024
Recent on-chain reports reveal that 10 hours ago, @BananaGunBot’s project wallet deposited a demo amount of 40.1K $BANANA, valued at approximately $2.8 million, onto Binance. Notably, 30 minutes ago, the same wallet transferred 800K $BANANA, worth about $59.46 million, to a new wallet address. This new address could potentially be Binance’s liquidity wallet for BANANA.
Smart Money activities have already started to pick up around $BANANA. A savvy trader recently swapped 439.8 $WETH (equivalent to $1.5 million) for 21,183 $BANANA at an average price of $70.66, marking the beginning of their second trade.
Traders Make Profits From Trading $BANANA
In their previous trading spree between November 2023 and March 2024, this trader earned $340K (+81.8%) by trading 37,605 $BANANA. Their average buying and selling prices were $11.04 and $20.08, respectively.
11 hours ago, a smart trader swapped 439.8 $WETH ($1.5M) for 21,183 $BANANA at an avg price of $70.66, starting the 2nd trade!
Previously, this trader earned $340K (+81.8%) by trading 37,605 $BANANA between Nov 2023 and Mar 2024. The average buying and selling prices were $11.04… pic.twitter.com/mneXtbJN1x
— Spot On Chain (@spotonchain) July 19, 2024
The upcoming airdrop and Binance listing are set to draw significant attention to $BANANA, especially considering the active trading strategies employed by smart traders. With substantial deposits and liquidity arrangements in place, the $BANANA market is poised for heightened activity. As always, keeping an eye on Smart Money moves can offer valuable insights into market trends and potential profit opportunities.
Stay tuned as @BananaGunBot makes its debut on Binance, and watch out for the potential market movements that could follow the airdrop and listing event.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: archnoi1/123RF // Image Effects by Colorcinch
The post $BNB Holders Anticipate Airdrop And $BANANA Listing On Binance appeared first on The Merkle News.
MakerDAO-Related Wallets Deposit $16.76M in MKR to Binance Amid Ongoing Sales
In the past three days, MakerDAO-related wallets have deposited 5,750 MKR tokens, valued at approximately $16.76 million, to Binance. This activity continues a trend of selling MKR that began on April 24, with most sales occurring at high prices.
Since April 24, these wallets have deposited a total of 18,900 MKR, worth $53.83 million, to Binance at an average price of $2,848. Despite these sales, the wallets still hold 8,905 MKR, valued at $26 million.
The #Maker-related wallets have deposited 5,750 $MKR($16.76M) to #Binance in the past 3 days.
They have been selling $MKR since April 24, and they sold $MKR at high prices most of the time.
They have deposited 18,900 $MKR($53.83M) to #Binance at $2,848 since April 24 and still… pic.twitter.com/0JwuGA4aXL
— Lookonchain (@lookonchain) July 18, 2024
In a related move, the wallet 0x4fa, likely associated with Placeholder VC, deposited an additional 7,250 MKR, worth $20.9 million, to Coinbase Prime.
The MKR tokens in this wallet originated from the multisignature wallet 0xcb0f23a4835e7cd32adacb4e25b8b0541e4becdb, also linked to Placeholder VC.
Placeholder VC has shown a strategic pattern in handling MKR tokens over the years. The firm withdrew 12,199 MKR from Bitfinex and Coinbase at an average price of $785.32 between October 6, 2018, and December 31, 2022, with most of these transactions occurring earlier in the period.
Additionally, on March 13, 2019, Placeholder VC received 2,300 MKR from MakerDAO when the token was priced at $656, totaling $1.51 million.
Placeholder VC Deposits 14,501 MKR Back To Coinbase
Subsequently, Placeholder VC deposited 14,501 MKR back to Coinbase at a significantly higher average price of $3,024, totaling $43.9 million, between April 23, 2021, and July 18, 2024.
Placeholder VC deposited $32.75M in $MKR and $UMA to #Coinbase 11 hours ago.
Those tokens were moved from two wallets, including 7250 $MKR ($20.9M) from “0x4fa” and 5M $UMA ($11.9M) from “0xb0a”.@placeholdervc was an investor in both projects and acquired the tokens at low… pic.twitter.com/Di3ZzPjKeE
— Spot On Chain (@spotonchain) July 18, 2024
This ongoing activity by MakerDAO-related wallets and Placeholder VC highlights strategic trading practices and substantial market movements.
The large deposits and sales of MKR tokens suggest a calculated approach to maximizing profits and managing assets effectively in the volatile cryptocurrency market. As these transactions continue, market watchers are closely monitoring their impact on MKR’s price and the broader market dynamics.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: sakchai/123RF // Image Effects by Colorcinch
The post MakerDAO-Related Wallets Deposit $16.76M In MKR To Binance Amid Ongoing Sales appeared first on The Merkle News.
Since April 24, these wallets have deposited a total of 18,900 MKR, worth $53.83 million, to Binance at an average price of $2,848. Despite these sales, the wallets still hold 8,905 MKR, valued at $26 million.
The #Maker-related wallets have deposited 5,750 $MKR($16.76M) to #Binance in the past 3 days.
They have been selling $MKR since April 24, and they sold $MKR at high prices most of the time.
They have deposited 18,900 $MKR($53.83M) to #Binance at $2,848 since April 24 and still… pic.twitter.com/0JwuGA4aXL
— Lookonchain (@lookonchain) July 18, 2024
In a related move, the wallet 0x4fa, likely associated with Placeholder VC, deposited an additional 7,250 MKR, worth $20.9 million, to Coinbase Prime.
The MKR tokens in this wallet originated from the multisignature wallet 0xcb0f23a4835e7cd32adacb4e25b8b0541e4becdb, also linked to Placeholder VC.
Placeholder VC has shown a strategic pattern in handling MKR tokens over the years. The firm withdrew 12,199 MKR from Bitfinex and Coinbase at an average price of $785.32 between October 6, 2018, and December 31, 2022, with most of these transactions occurring earlier in the period.
Additionally, on March 13, 2019, Placeholder VC received 2,300 MKR from MakerDAO when the token was priced at $656, totaling $1.51 million.
Placeholder VC Deposits 14,501 MKR Back To Coinbase
Subsequently, Placeholder VC deposited 14,501 MKR back to Coinbase at a significantly higher average price of $3,024, totaling $43.9 million, between April 23, 2021, and July 18, 2024.
Placeholder VC deposited $32.75M in $MKR and $UMA to #Coinbase 11 hours ago.
Those tokens were moved from two wallets, including 7250 $MKR ($20.9M) from “0x4fa” and 5M $UMA ($11.9M) from “0xb0a”.@placeholdervc was an investor in both projects and acquired the tokens at low… pic.twitter.com/Di3ZzPjKeE
— Spot On Chain (@spotonchain) July 18, 2024
This ongoing activity by MakerDAO-related wallets and Placeholder VC highlights strategic trading practices and substantial market movements.
The large deposits and sales of MKR tokens suggest a calculated approach to maximizing profits and managing assets effectively in the volatile cryptocurrency market. As these transactions continue, market watchers are closely monitoring their impact on MKR’s price and the broader market dynamics.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: sakchai/123RF // Image Effects by Colorcinch
The post MakerDAO-Related Wallets Deposit $16.76M In MKR To Binance Amid Ongoing Sales appeared first on The Merkle News.