Today a user who held more than $6 Million in the meme $GIGA decided to sell.
The token falls 85% with a market cap of $616 Million and a liquidity of $6.5 Million.
But a terrible nightmare struck the user, as by selling and not having enough liquidity, they lost 60% of the total sale.
The price impact cost more than $3.5 Million, and the holdings they could see on their screen (wallet) of $6 Million, after selling, left them with just $2.5 Million.
The price quickly recovers due to bots that triggered buy orders when the price dropped 85%.
The user's mistake was selling everything at once, not understanding that the token did not have enough liquidity to support such a large sale.
A sale that should have been made in parts would have allowed them to keep at least 90% of their holdings.
Always remember to check market cap and liquidity. Because without liquidity, the market cap makes no sense.
Where you will encounter so much noise, Alt, memes, strategies.
By X10, by x100, profit, To the moon, the new narrative, we broke ATH.
New little gem, call groups, VIP groups.
Buy this, buy that.
Social media will be flooded with posts, Shills, and publications of all kinds of crypto.
Hundreds of analyses, theories, theses, and thousands of other things.
You will enter a stress of information overload, where it will seem that everyone is earning much more than YOU and that will psychologically break you, leading you to make many mistakes.
You will receive a nuclear bombardment of so much information like you have never experienced before.
It will only depend on you to survive in this stage of mega noise where only a % percentage of info will be useful to you. The rest will lead you to make thousands of mistakes driven by the feeling of GREED.
You enter the stage where you will make the most mistakes, and you will be sabotaged by your own self, having an internal battle between greed and rationality.
Where you find so much noise, Alt, memes, strategies.
For X10, for x100, profit, To the moon, the new narrative, we broke ATH.
New gem, call groups, VIP groups.
Buy this one, buy that one.
The networks will be flooded with posts, Shilleos, and publication of all kinds of crypto.
Hundreds of analysis, theory, theses and thousands of other things.
You will enter a Stress of over information, where it will seem to you that everyone is earning much less than YOU and that will break you psychologically that will lead you to make many mistakes.
You will receive a nuclear bombardment of so much information as you have never experienced.
It will only depend on you, to survive in this stage of mega noise where only a % percentage of information will serve you. The rest will make you make thousands of mistakes driven by the feeling of GREED.
You are entering the stage where you will make the most mistakes, and you will be sabotaged by your self, you will have an internal battle between greed and rationality.
Something truly incredible has just happened, something that no one could ever imagine in the history of money.
For the first time #Bitcoin beats #GOLD.
BLACKROCK's GOLD ETF, which has been in the market for 20 years, is surpassed by the BITCOIN ETF in just 10 months.
The fund that Blackrock created in 2005 called iShares Gold Trust has today a capitalization of $32.9 Trillion dollars.
The fund they themselves created but for Bitcoin iShares Bitcoin Trust ETF has a market cap of $34.3 Trillion dollars. Surpassing the GOLD fund.
Not only that, the GOLD Fund ended its first 12 months with a market cap of $368 Million dollars. The #Bitcoin one achieved 9317% more in just 10 months 😱
Gold, the world's safe haven, is changing the paradigm, and the world is beginning to seek refuge in Bitcoin diversifying the strategy.
In just year 1, the BTC ETF achieved a monstrous value for an ETF.
Look at the image and the evolution of the GOLD ETF, can you imagine the Bitcoin ETF replicating that accumulation movement over the next 20 years?
In 20 years, the GOLD fund multiplied its holdings in GOLD by x3.67 and its market cap multiplied by x89.
If we do a PREDICTION data analysis, BlackRock holds 2.13% of the total #BTC holdings.
In 20 years it could reach 7.83% of the total #BTC Supply. Based on the evolution of the Gold fund transposed to BTC.
We could say that the market cap of the Btc fund (iShares Bitcoin Trust) could reach a total market cap of $3.05 Trillion dollars.
Bitcoin would reach $38.9 Trillion in market cap and the price would move around $1.9 Million per BTC.
These are 20-year prediction data based on the history of Bitcoin + The history of BlackRock's Gold ETFs.
There is much ahead, and #Bitcoin has a lot of future to traverse and challenges to overcome.
A new world is coming, and only very few are prepared!!!
The project raised over $50 million dollars valued at $120 Million, has 1.5 Million users, more than 200 projects, 28,137 validators, and 145 PoW miners.
The Lumoz mainnet is scheduled to launch by the end of the year.
Looking at the different polls, I find the great differences that exist between them.
For example, one published by the New York Times with a general sampling in certain social sectors, Harris is the one leading by just 1 point as the winner.
However, if we go to another site like @Polymarket With a completely different audience from the sample conducted by the NY Times. We can see an opposite result, where they declare TRUMP the winner by a wide margin.
The difference arises from the sampling; in Polymarket, the users participating are users from the Crypto ecosystem. Therefore, these users are mostly Pro TRUMP.
A totally biased poll towards a sector (CRYPTO)
Bias is one of the main causes of generating erroneous data in various polling companies.
The incredible data from Polymarket. TRUMP vs HARRIS:
The current betting volume of $3.1 Billion USD 😱
If you bet $100 USD at current prices Bet on TRUMP and he wins -> You take home $168 USD Bet on HARRIS and she wins -> You take home $244 USD
The top bettor for TRUMP invested $14,136,377 USD If he WINS, he collects $22.9 Million; if he loses, goodbye to the $14 Million USD
On the other hand, the user Leier spent $5,020,021 USD in favor of HARRIS paying a high price ($0.46 per vote vs $0.40 current) If she wins, she will take home $10,871,330 USD
As you can see, these whales play hard and bet millions.
They go ALL or NOTHING - LAMBO or BRIDGE - SILVER or LEAD.
Scroll is a promising project that, between whistles and flute, used the community to inflate the TVL and attract investors.
And as one hand washes the other when it was #Scroll's turn to wash the hands of the users, it nailed the KNOCK.
In just 10 days the price fell 53% from its ATH.
The VC paid $1.8 in a private round, now they are 63% down.
Barely 19% is released, there is more than 80% left to release, generating selling pressure.
The token was listed on Binance and did not know how to take advantage of that market push to pump.
The community is furious: A very high percentage was given to the 2-day Binance launch pool. The CEOs and insiders had the largest allocation of the Airdrop.
All this infuriated the community, who quickly sold the token and withdrew their TVL from the network.
Of the BILLION TVL, they have already lost 55% in just one week, leaving 456 MILLION and decreasing day by day.
If you punish the community, the community will hit you back, EYE for EYE, TOOTH for TOOTH.
And boy, did the community hit them hard.
The Scroll token has one of the lowest MK of the L2s.
With $128 million it is on the ground and below other small-scale L2s such as:
Blast: MK $169 M Metis: MK $249 M Manta: MK $251 M Starknet: MK $713 M
The outlook for#Scrollmust be so sad that it is even below TERRA LUNA: MK $232 M.
NOT only that, even VENON, a tremendous failure, has more MK: $150 M 😱
Even an insignificant Memecoin like $MICHI has more MK = $182 M
This is totally degrading for a project that raised more than $80,000,000 from private investors.
This is how the ecosystem is, the second Airdrop will deliver 8%, which with the 52% drop that the token has, that 8% with respect to the first Airdrop would represent just 3.84%, almost half of the first#Airdrop
And if the price continues to fall, the value of the S2 Airdrop will be increasingly diluted.
Zora each day the rumor of Airdrop gets stronger, so let's get to work on MINT + RANK
1⃣ Jacob Founder of ZORA SUNSET NFT -> $0.3 https://t.co/x9etFLzeje
Previous NFT performance at ATH - In between- $0.3 -> ATH $7 - Moo Deng- $0.3 -> ATH $60 - Wednesday- $0.3 -> ATH $1.8 - Somewhere- $0.3 -> ATH $2.3 - Workshop- $0.3 -> ATH $3
MrBeast, whose YouTube channel has a massive audience, is embroiled in controversies linked to his involvement in the world of cryptocurrencies.
Investigations have revealed that multiple cryptocurrency wallets associated with him have participated in activities that suggest the use of insider information and promotion of tokens to then sell them on the market, which many interpret as "pump and dump" schemes.
More than 50 wallets were found that are related to MrBeast
He is accused of Pump and Dump and Rugpull
His promotion of dozens of tokens that he sold, taking a large capital, these tokens mostly went to almost zero.
It is estimated that between token, pump and dump, Rugpull and NFT Trading he has a total of $23 million in profits.
The investigations go deep and reveal an impressive amount of sales, purchases and promotions.
Almost all the tokens he promoted, bought and sold ended the same, with impressive falls, using his followers as exit liquidity.
I leave a link to the full report where all the million-dollar moves of this scandal involving the famous YouTuber are revealed.
There are different categories that earn you points
▪️KROMA OG ▪️KROMA QUEST MASTER “Gaxle Quest” ▪️WEMIX COMMUNITY MEMBER ▪️NIGHT CROWS PLAYER ▪️KROMA GUARDIAN -> KGH NFTs ▪️SPECTRUM CONTRIBUTOR ▪️KCU CONTRIBUTOR ▪️SUPERCHAIN CONTRIBUTOR ▪️KROMA TRANSACTION GENERATOR ▪️KROMA VALIDATOR
Token: $KRO Supply: 1 Billion
If it launches at $0.1 the FDV will be $100 Million
There is a visual bug in the claim that shows fewer tokens to claim.
You can stake the tokens and additionally, KGH NFT holders can stake them (KYC is required)
Currently, there is little liquidity in the DEX. It lists at 10:00 UTC on centralized exchanges Bybit @Bybit_Official Gate @gate_io Hashkey @HashKey_Global Probit @ProBit_Exchange
People care about the price, not the technology !!
But without technology, there is no price; the price is the consequence of the technology.
Without technology, money cannot be made.
That is why Blockbuster went bankrupt and Netflix thrived.
That is why Tesla spends millions $ on technology, because it wants to make money.
The same happens in crypto! Without technology, there is no money.
Even memes grew thanks to technological advancement, (New chains, Bridge, Dex, Trading bot, futures app, PumFun, etc.) Without technology, we would only be trading base memes like DOGE.