💣 In March, the number of addresses whose owners kept meme | TopCryptoNews on Binance Square

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💣 In March, the number of addresses whose owners kept meme tokens for less than 30 days reached a historical maximum.
Accordingly, there are now more new investors in this area than ever before.
#memecoin⁠⁠⁠⁠ #meme #tokens 

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⚠️ Memecoin Investor Deposits 127.5M $MEME to Binance, Makes $1.41M Profit In a recent action on Binance, a Memecoin investor has made significant returns by depositing 127.5M $MEME. A well-known on-chain analytics platform Lookonchain disclosed that the investor made a substantial profit of up to $1.41 million on the respective deposit. The on-chain analytics firm provided the details of the respective event on its official social media account on X. A Memecoin pre-sale investor deposited 127.5M MEME ($1.55M) to #Binance 1 hour ago, earning $1.41M. Memecoin( $MEME) raised $15.8M through 2 rounds of pre-sales, the pre-sale price is $0.001.- Lookonchain A Pre-Sale Investor of Memecoin Earns $1.41M after Depositing 127.5M MEME Lookonchain mentioned that the amount of tokens that the pre-sale investor deposited accounted for a value of $127.5M. The respective transfer reportedly took place only 1 hour back. As a result of this transaction, the investor made massive earnings. The huge deposit denotes a noteworthy fund movement within the ecosystem of Memecoin. From the respective deposit, the immense profit of the investor emphasizes the rewarding nature of initial investments in the overall volatile crypto market. Particularly, the latest event focuses on the profitable opportunities in the memecoin realm. Memecoin effectively collected $15.8M via 2 pre-sale rounds. This large amount specifies resilient investor confidence and interest in Memecoin’s potential. 🔸 Such Transfers Can Potentially Lead to Price Fluctuations and Trading Volume Shifts During Memecoin’s pre-sale round, the price of the $MEME tokens was just $0.001. The respective decreased entry price provided a fine opportunity for the investors to obtain tokens in big quantities. The respective development raised the value of the token following the pre-sale rounds. According to Lookonchain, big transfers like that of the above-mentioned pre-sale investor can affect the market dynamics, such as price fluctuations and trading volumes. #MEME

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⭐️ XRP, DOGE and PEPE Take Special Hit as Liquidation Tops $289 Million The cryptocurrency market is currently faced with high liquidation, and a number of altcoins, including XRP, DOGE and PEPE, are at the center of it all. Data from CoinGlass shows that 88,388 traders have suffered liquidations on their crypto holdings in the last 24 hours. Cumulatively, their total liquidation has amounted to more than $290 million, with the largest single transaction emanating from the HTX exchange. 🔸 Millions in XRP, DOGE and PEPE exit crypto exchanges During this time frame, the crypto industry saw the liquidation of $6.18 million worth of XRP. Precisely, XRP traders exited their long positions worth $4.94 million and their short positions worth $1.24 million. Similarly, dog-themed meme coin Dogecoin (DOGE) experienced liquidation worth $3.65 million, $2.95 in long positions and $698,480 in short positions. A total of $2.85 million worth of PEPE also left exchanges within the last 24 hours. The withdrawal equated to $1.86 million PEPE from longs and $967,980 from shorts. Top cryptocurrencies by market cap Bitcoin and Ethereum registered liquidation of $88.01 million and $80.23 million, respectively. It is quite obvious that the crypto liquidation trend is becoming the order of the day. Meanwhile, a significant percentage of these liquidations came from Binance. 🔸 Ripple releases 500 million XRP from escrow The news coincided with Ripple's release of an additional 500 million XRP from escrow. Notably, the San Francisco-based blockchain payments firm had earlier successfully moved approximately 1 billion XRP tokens from the same source within 48 hours. The latest withdrawal, valued at a total of $281,693,718 at the time, is an addition to the other escrow holding. In the last seven years, Ripple has consistently upheld this tradition of releasing XRP from escrow as a way of providing liquidity for the coin. Till now, the blockchain payment platform holds 4.682 billion XRP in its crypto wallets. #XRP #DOGE #PEPE

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⚠️ Ethereum Price Falls Below $3,000 as Whales Sell $1.8 Billion Worth of ETH Ethereum’s (ETH) price is reacting to a shift in sentiment from one of the most important cohorts of investors — the whales. This further impacts the long-term holders, who are known for their stability, as they could move to sell. 🔸 Ethereum Holders Protect Their Investments Ethereum’s price lost a crucial psychological and technical support level over the last 24 hours. The reason behind this is the uncertainty of recovery among whales who opted to sell and secure their gains. Following the 11% decline from July 22 to July 25, whale addresses holding between 10,000 and 100,000 ETH began selling. About 630,000 ETH worth over $1.87 billion moved out of their wallets within three days. This created a bearish atmosphere for the altcoin, which led to Ethereum’s price falling by 10% in the last few days. The concern now lies with further selling, as long-term holders are not feeling too great either. According to the Long-Term Holder (LTH) Neth Unrealized Profit Loss (NUPL) indicator, LTH’s profits are down by 4%. Before the price drop, their unrealized profits were 49% and are now 45%. This could be problematic as LTHs could move to sell their holdings to protect their gains. Since these investors are known for their resilience and stability, any bearish move from them would mean losses for all ETH holders. Thus, their actions should be watched closely. Even if they don’t opt to sell, historically, the crypto asset faces consolidation every time LTH-NUPL drops below 50%. 🔸 ETH Price Prediction: Bounce Back, Not Consolidation While historical cues do point at consolidation ahead for Ethereum’s price, ETH has the advantage of spot ETFs. These investment products could drive the recovery and pull the second-largest crypto back above $3,118. This price marks the 23.6% Fibonacci Retracement line, also known as a bear market support floor. A bounce back from this level would mean recovery is ahead for the altcoin. $ETH #ETH #Ethereum

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📊 Analyst Shares What to Expect Next in the Declining Bitcoin Price In a recent analysis, BRN analyst Valentin Fournier suggested that Bitcoin could revisit the $62,500 support level in the near future. Fournier noted that the market appears to be in an accumulation phase and no significant directional movement is expected at this time. 💬 “We believe the market is currently in an accumulation phase and will potentially retest the $62,500 support in the near future,” Fournier said. “Since no major move is expected, we recommend reducing exposure.” Looking forward, Fournier hinted at a more optimistic medium-term outlook. He suggested that as Bitcoin accumulates liquidity, BTC could surpass the $70,000 resistance level. However, he noted that recent trends such as minimal positive net flows in spot Bitcoin exchange-traded funds reflect investor indecision despite an overall positive sentiment. Fournier also highlighted a potential obstacle to a clear upward trend: Kamala Harris's improving chances in the US presidential race. “Kamala Harris has greatly increased her chances of winning the US presidential election, triggering fears of a possible anti-cryptocurrency stance and waning enthusiasm that has followed Trump's speech and promises,” Fournier said. $BTC #BTC

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⭐️ Shiba Inu: Good, Bad and 'Less Ugly' The Shiba Inu marketing lead Lucie took out time to run through the milestones that the SHIB ecosystem has achieved over the years. Without any bias, she did not also fail to outline the challenges that Shiba Inu has encountered in the same period. 🔸 From joke to crypto sensation According to Lucie, the Shiba Inu ecosystem has grown to become one of the biggest Web3 communities. In addition, its token, which previously had the “speculative” tag, has successfully transitioned to a decentralized platform. 🐶 Shib Ecosystem Evolution • Started as an internet joke, now one of the biggest Web 3.0 communities! • Moving from speculative token to a legit decentralized platform. • Aiming to be the foundation for a decentralized network state. 👥 SHIBizens: • Mind blowing following.. — 𝐋𝐔𝐂𝐈𝐄 Now, the protocol has its focus on reaching a new height and that has to do with becoming a foundation for a decentralized network state. Other key achievements are the 1.4 million wallets linked to the project, its core partnerships and even the improvements on its Layer-2 scaling solution Shibarium. While the last few weeks have questioned Shiba Inu's capacity, the protocol has displayed resilience. Notably, its key metrics are not looking so encouraging at the moment. The SHIB token is trading at $0.00001459, corresponding with a 5.42% dip within the last 24 hours. This dip has caused a sizable drop in the market cap, which previously surpassed $9 billion. In terms of trading volume, SHIB is the 23rd most traded asset with $274.16 million. This has not stopped SHIB from holding still as the second-largest meme coin in the crypto sector. Outlining the challenges though, Lucie noted that building a decentralized network state is a tough bid. 🔸 Shiba Inu price could soar The SHIB community received a surprise on Friday after blockchain analytics platform CryptoQuant revealed that 653 billion Shiba Inu tokens left crypto exchanges. $SHIB #SHIB

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