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.

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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.

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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.

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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.

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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.

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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.

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The post Arkham Transfers $487.24 Million In $ARKM To Coinbase Prime For Compliance appeared first on The Merkle News.

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.

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The post POPCAT’s 117% Surge Sparks Mainstream Interest: A Potential Correction Ahead?” appeared first on The Merkle News.

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.

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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.

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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.

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The post Crypto Market Rebounds: Biden’s Political Moves And Mt. Gox Activity Stir Up Volatility appeared first on The Merkle News.

$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.

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The post $ROCKY Breaks Out of Accumulation Phase With Promising Holder Count And Influencer Support appeared first on The Merkle News.

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.

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The post Market Movements Shake $ETHFI: Resistance Breaks, Sellers Pile In appeared first on The Merkle News.

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!

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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!

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The post $BNB Holders Anticipate Airdrop And $BANANA Listing On Binance appeared first on The Merkle News.

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.

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The post MakerDAO-Related Wallets Deposit $16.76M In MKR To Binance Amid Ongoing Sales appeared first on The Merkle News.

In a significant move, $GAL has announced its rebranding to $G, causing a 50% surge in its value over the past 24 hours.

This development has attracted the attention of smart traders, with one notable wallet, 0xf26ce, purchasing $264.82K worth of $GAL two days before the rebranding announcement.

This wallet had been inactive for two months and made recent buy orders solely focused on $GAL, indicating strong confidence in the token’s potential.

The rebranding involves more than just a name change. Galxe is transitioning to Gravity, and the ticker will change from $GAL to $G.

This transformation is accompanied by a redenomination, shifting from a 1:1 ratio to 1:60. Binance has already announced its support for this rebranding and redenomination, further solidifying the token’s new identity in the market.

Holders To Receive 60 $G Token During 1:60 $GAL Redistribution Ratio

The strategic timing of this move has proven beneficial, as the value of $GAL has seen a substantial increase. The redenomination to 1:60 means that for every $GAL, holders will now receive 60 $G, enhancing the token’s liquidity and appeal. This change is expected to attract more investors and traders, as seen with the smart wallet’s significant purchase.

$GAL Is Rebranding To $G: Pump 45% In The Past 2 Hours 😏

Notably, a Smart Wallet 0xf26ce (https://t.co/YC4U6BVJ8e) has purchased $264.82K worth of $GAL (almost his entirety of USDC balance) 2 days prior. Interestingly, this wallet had been inactive for last two months, and the… pic.twitter.com/avBJOwHdqU

— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 18, 2024

The market’s positive response to these announcements highlights the growing confidence in $GAL’s future as $G. With Binance’s backing and the strategic rebranding efforts, the token is poised for further growth. Traders and investors are advised to keep an eye on this evolving situation as $G continues to gain traction in the crypto market.

In summary, $GAL’s rebranding to $G, along with the strategic redenomination, has resulted in a 50% price surge. The involvement of notable smart traders and Binance’s support signals a promising future for the token, making it a significant player to watch in the cryptocurrency space.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Shiba Inu (SHIB) has experienced a significant price drop following the recent exploit on WazirX, a prominent Indian cryptocurrency exchange.

The hack resulted in the theft of 5.4 trillion SHIB, causing widespread concern among investors and triggering a 9% decline in the token’s value to $0.00001726.

5.4T $SHIB has been taken from the WazirX exchange.

These assets are likely to be sold for #Ethereum at any time. pic.twitter.com/pI5qrKXA5w

— CryptoQuant.com (@cryptoquant_com) July 18, 2024

In the past two hours, the hacker’s address has transferred 801 billion SHIB to the address 0x35fe…745CA. This transfer represents 14.74% of the stolen SHIB and is valued at approximately $14.02 million. The hacker continues to offload these tokens in batches, exacerbating the downward pressure on SHIB’s price.

更新：过去两小时 WazirX 黑客地址已向地址 0x35fe… 745CA 转移 8010 亿枚 $SHIB （占被盗 SHIB 数量的 14.74%），价值高达 1402 万美金，正在持续分批抛售

目前黑客地址仍持有 4.9 万亿枚 SHIB，总价值 8652 万美金；因大额链上抛售和恐慌情绪影响，SHIB 币价已下跌 9%，现价 $0.00001726📉 pic.twitter.com/U8rPUh65hu

— Ai 姨 (@ai_9684xtpa) July 18, 2024

Currently, the hacker’s address still holds 4.9 trillion SHIB, valued at around $86.52 million. The large-scale on-chain selling and resulting panic have contributed significantly to the price drop. Additionally, it has been reported that the hacker transferred the remaining 3.6 trillion SHIB to the address 0x35fe…745CA just two minutes ago, valued at $63.32 million.

更新：黑客地址于两分钟前将剩余 3.6 万亿枚 $SHIB 全部转移至出货地址 0x35fe… 745CA，价值高达 6332 万美金

这部分代币或在接下来的几小时内全部被抛售，请注意币价波动💡至此 54.3 万亿枚 SHIB（近 1 亿美金）已全部转移完毕 pic.twitter.com/3tOOU3nunh

— Ai 姨 (@ai_9684xtpa) July 18, 2024

Total Amount Of SHIB Transfered Stands At Around $53.3 Trillion

The total amount of SHIB transferred so far stands at 54.3 trillion, nearly equivalent to $100 million. The ongoing sales are expected to continue over the next few hours, potentially leading to further price fluctuations.

Investors and market watchers are advised to stay vigilant as the situation develops. The mass selling of SHIB by the hacker is likely to keep the market volatile in the short term. The incident underscores the importance of robust security measures and the potential impact of large-scale hacks on cryptocurrency markets.

As the investigation continues, the focus remains on mitigating the damage and restoring confidence among SHIB holders and the broader crypto community. The situation is a stark reminder of the vulnerabilities that exist in the crypto space and the need for heightened security and vigilance.

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 Shiba Inu (SHIB) Plummets Amid WazirX Hack: 5.4 Trillion SHIB Stolen appeared first on The Merkle News.

The number of Bitcoin holders, defined as any wallets with more than zero coins, has been dropping sharply. Traders seem to believe that the all-time high (ATH) reached in March was the peak for 2024.

Despite this pessimism, mass liquidations often set the stage for a rebound.

👋 Bitcoin's amount of holders (any wallets with >0 coins) have been dropping aggressively as traders still seem to believe the March ATH was as good as it's going to get in 2024. When we see mass liquidations like this, the probability of a continued rebound only increases. pic.twitter.com/YTHEFTtfhY

— Santiment (@santimentfeed) July 17, 2024

Mt. Gox, once the world’s largest Bitcoin exchange, handling over 70% of Bitcoin trades by early 2014, is finally set to compensate its creditors with over $9 billion after a decade of legal battles. This significant development has added another layer of complexity to the current market dynamics.

https://twitter.com/C__thumbs/status/1813603898399109282?t=3SulRa5jcT7IIwwEu2J1VA&s=19

As Bitcoin prices fell towards the $54,000 mark, they dipped below the average inflow cost basis of ETF holders, which stands at $58,200. This price movement has triggered renewed interest in Bitcoin ETFs, marking the first significant inflows since early June. Last week alone, ETFs saw over $1 billion in total inflows.

As prices sold off towards the $54k low, they dropped below the average inflow cost basis of ETF holders, currently at $58.2k.

In response, the ETFs have seen their first significant tranche of positive interest since early June, with over $1B in total inflows last week alone. pic.twitter.com/7EMBWfsS3h

— glassnode (@glassnode) July 18, 2024

Bitcoin ETFs Net Inflow At $53 Million As Positive Trend Continues

On July 17, 2024, Bitcoin ETFs recorded a net inflow of $53 million. This positive trend has continued for nine consecutive trading days. Notably, BlackRock’s IBIT has experienced inflows exceeding $100 million for four straight days. Meanwhile, Grayscale’s GBTC saw a significant outflow of $53.9 million following two days of zero net flows.

🚨 $BTC #ETF Net Inflow July 17, 2024: +$53M!

• The net inflow has remained positive for 9 consecutive trading days.

• #BlackRock (IBIT) has received inflows of over $100M for 4 days in a row.

• #Grayscale (GBTC) saw a big outflow of $53.9M after 2 days of $0 net flows.… pic.twitter.com/PWq0sfO2fg

— Spot On Chain (@spotonchain) July 18, 2024

These market activities suggest a complex interplay of factors influencing Bitcoin’s price and investor sentiment. The ongoing decline in the number of Bitcoin holders indicates a lack of confidence among traders. However, the substantial inflows into Bitcoin ETFs reflect a growing institutional interest, possibly anticipating a market rebound.

As the market adjusts to these dynamics, the long-awaited compensation from Mt. Gox and the continued ETF inflows could play crucial roles in shaping Bitcoin’s trajectory in the coming months. Investors and market watchers will need to stay vigilant as these developments unfold.

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 U.S. SEC has given the green light to Grayscale’s mini Ethereum ETF, which will be backed by assets from their larger Ethereum ETF. In addition, ProShares’ Ethereum ETF has also received approval.

These funds are expected to start trading next week, alongside other spot ETH ETF products. Grayscale has also introduced a mini Bitcoin ETF with lower fees compared to its flagship Bitcoin product.

The U.S. SEC has approved Grayscale's mini Ethereum ETF, which will be seeded with assets currently backing the larger ETF. ProShares' Ethereum ETF was also approved. The fund is likely to start trading next week along with other spot ETH ETF products. Grayscale also has a mini…

— Wu Blockchain (@WuBlockchain) July 18, 2024

In the realm of institutional trading, CME Group futures now account for over 83% of the calendar futures market for Bitcoin and 65% for Ethereum. This highlights CME’s increasing dominance in the institutional trading space.

CME Group futures now represent over 83% of the calendar futures market for #Bitcoin and 65% for #Ethereum, highlighting CME's growing influence in institutional trading.

Discover more insights from our report with @CMEGroup → https://t.co/SG2XESASGe pic.twitter.com/gr1w33jwa8

— glassnode (@glassnode) July 18, 2024

On the cryptocurrency front, a wallet linked to the Ethereum Foundation/ICO, identified as 0xdb3, has recently deposited 1,602 ETH ($5.48M) to Kraken amid a price dip.

This wallet has been notably active since June 8, depositing a total of 19,488 ETH ($70.6M) to centralized exchanges at an average price of approximately $3,623. In the past two days alone, the wallet has been particularly active. Currently, it holds 3.2K ETH, valued at $10.9M.

7 hours ago, the wallet 0xdb3 linked to #Ethereum Foundation/ICO further deposited 1,602 $ETH ($5.48M) to #Kraken as the price dipped.

Since June 8, this wallet has deposited 19,488 $ETH ($70.6M) to the CEX at ~$3,623 and was most active in the past 2 days.

Currently, it holds… https://t.co/uWzVA432Ul pic.twitter.com/0TviniD4LT

— Spot On Chain (@spotonchain) July 18, 2024

Mini Ethereum ETFs Approval To Attract More Institutional investors 

These developments signal significant movements in the cryptocurrency market. The approval of mini Ethereum ETFs by the SEC is poised to attract more institutional and retail investors, offering them a more accessible entry point into Ethereum investments. Meanwhile, the dominance of CME Group in futures trading underscores the growing institutional interest and participation in the cryptocurrency market.

The activities of the wallet associated with the Ethereum Foundation/ICO also reflect strategic movements in the market, with substantial deposits being made during price dips. This could indicate a broader strategy to manage assets in response to market fluctuations.

As these dynamics unfold, the cryptocurrency market continues to evolve, driven by regulatory developments, institutional participation, and strategic asset management. Investors and market participants will need to stay informed and adaptable to navigate this rapidly changing landscape.

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 SEC Approves Mini Ethereum ETFs As Institutional Trading Dominates appeared first on The Merkle News.

In the ever-dynamic world of cryptocurrency, $MOG has been a standout performer, breaking its previous all-time high (ATH) two days ago and continuing its upward trajectory with new ATHs.

Despite its high price, $MOG remains a hot commodity among smart traders, who are actively accumulating the token.

According to data from icrypto.ai, several smart wallets have recently made significant purchases of $MOG. Thirty minutes ago, a smart wallet identified as 0xe99b acquired 73.11 billion $MOG tokens, valued at $164,300, at an average price of $0.00002259. This purchase brings the wallet’s total $MOG holdings to 128.39 billion tokens, worth approximately $275,800.

$Mog – Update from Smart Traders' actions 😬 July 17

2 days ago, $MOG broke its previous ATH and is still continuing to rise, setting new ATHs.

Many Smart Dex Traders are actively accumulating $MOG despite the high price: https://t.co/J897bVTDbz

30 minutes ago, smart wallet… https://t.co/a4JWtaFEud pic.twitter.com/5xXq7DT3Sa

— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 17, 2024

At the same time, another smart wallet, 0x2196, bought 48.3 billion $MOG tokens for $112,800, at an average price of $0.00002337. This purchase increased the wallet’s total $MOG holdings to 64.47 billion tokens, valued at $150,750.

$MOG Has Now Emerged As Most Accumulated Token By Top Whales Over 24 Hours 

According to a report by CoinSense yesterday, $MOG emerged as the most accumulated token by smart money wallets over a 24-hour period, surpassing other popular tokens. The report highlighted $MOG’s net accumulation of $384,000, followed by $PEPE with $269,000, and $DMT with $206,000.

Most accumulated tokens in the last 24 hours by smart money wallets:🥇 $MOG (+$384k)🥈 $PEPE (+$269k)🥉 $DMT (+$206k)

🍃New projects:– $FIGHT (3 SMW in holding almost $400k)– $MAGOA (2 SMW and 1 influencer in)– $MAWA pic.twitter.com/No2ZJnZYqO

— CoinSense.app (@CoinSense_App) July 16, 2024

These substantial purchases and the continued interest from smart traders indicate a strong bullish sentiment toward $MOG. The consistent accumulation of $MOG, even at high prices, suggests that traders see significant potential for further growth.

As $MOG continues to set new ATHs and attract smart money, it’s clear that this token is one to watch in the coming days. Investors and traders should keep a close eye on $MOG’s performance and the actions of smart wallets, as these movements could signal important market trends and opportunities.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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The post Smart Traders Pile Into $MOG As Token Continues To Break All-Time Highs appeared first on The Merkle News.