Maganomics ($MAGANOMICS) on the Ethereum network has soared to an all-time high, surpassing 20 million in market capitalization.

This token has experienced an extraordinary pump of over 1000% in the past week and is currently up by 90% today.

STRONGLY recommend accumulating a bag of #MAGAnomics down here around 300k. Maganomics on ETH hit an ATH of 20m. Trump has made it clear he’ll be using this phrase throughout debates and going forward if elected. $MAGA #MAGA CA: xyBshKyRVfwWpAWJ65JMcxpDuZerxJ8kFFKQGhxWFaZ pic.twitter.com/qrHmGQHgc1

— SenditSaiyan (@SenditSaiyan) June 25, 2024

The surge in $MAGANOMICS coincides with former President Donald Trump’s declaration that he will be using the term “Maganomics” throughout his debates and potentially during his next term if elected. This political endorsement appears to have significantly boosted the token’s appeal among investors and traders.

In the last 24 hours, $MAGANOMICS has emerged as one of the top two accumulated tokens by Smart Money. Having been listed for just over eight days, the meme coin’s value has skyrocketed by more than 1000%, capturing the attention of the crypto community.

Smart Traders Makes Strategic Moves, Buying $MAGANOMICS

Notably, the past two hours have seen substantial buying volumes from Smart DEX Traders. A particular standout is the activity from wallet 0x536e, which has purchased nearly $31.3K worth of $MAGANOMICS. The owner’s balance suggests a strong conviction, as it appears they have gone all-in on $MAGANOMICS.

$MAGANOMICS is in Top 2 of Accumulated Tokens by Smart Money in the last 24 hours 😎

Check more about $MAGANOMICS here: https://t.co/PYIwigwWYq

This #Meme coin has been listed for about 8 days and has increased by more than 1000%. The past 24 hours recorded an increase of 124%.… pic.twitter.com/dhquIhEiWf

— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) June 26, 2024

This massive influx of investment and the token’s rapid rise underscore the powerful influence of political narratives on the crypto market. The backing by a high-profile figure like Trump has clearly played a pivotal role in driving demand and boosting $MAGANOMICS’s profile.

As $MAGANOMICS continues to capture headlines and attract investors, its future trajectory will be closely watched. The token’s recent performance demonstrates the volatile yet potentially lucrative nature of meme coins, especially those tied to influential public figures and current events.

Whether $MAGANOMICS can sustain this momentum remains to be seen, but for now, it stands as a testament to the unpredictable and dynamic nature of the cryptocurrency market.

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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LayerZero is making waves in the blockchain space, despite recent slowdowns in farming activities. With a Fully Diluted Valuation (FDV) of under $3 billion, LayerZero $ZRO boasts over 10 times the daily cross-chain message traffic compared to its closest competitors, Wormhole and Axelar Network.

This significant discrepancy in traction versus valuation highlights LayerZero’s potential, especially as it trades within a similar range as its peers.

despite all the heat @LayerZero_Labs gets from the airdrop fiasco + "proof of donation" drama – i am still fairly convinced that $ZRO at the current level of <3bn FDV is a clear bid

a) a weak argument would be that the previous round is raised by 3bn FDV led by @a16z and other… pic.twitter.com/Ende7N7l6d

— Cody (@0xhopydoc) June 25, 2024

Currently, LayerZero has integrated with more than 80 chains and over 54,000 applications, facilitating upwards of 40,000 daily transactions. In stark contrast, Wormhole and Axelar average only 4,000 daily messages. This disparity underscores LayerZero’s superior traction in the interoperability space.

On-chain data from iCrypto.ai reveals substantial accumulation of $ZRO by a whale, potentially linked to Wintermute. The wallet 0xaa7c began accumulating $ZRO five days ago, amassing 262,412 $ZRO (approximately $824,460) at an average price of $3.14.

This holding now represents a significant portion of the wallet’s portfolio. Moreover, six days ago, the same wallet transferred $200,000 worth of $LINK to Wintermute’s address.

🐳 Whale Accumulates Massive $ZRO, Potentially Related to #Wintermute 😎

Data from https://t.co/kFF8LDumzs shows that wallet 0xaa7c (https://t.co/8wu1Yl2tPN) started accumulating $ZRO 5 days ago. 🤔

As of now, the wallet has bought 262,412 $ZRO ($824,460) at an average price of… https://t.co/BRxDJe1QXr pic.twitter.com/bOQ4uSxs4B

— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) June 26, 2024

Exchange Deposits Of $ZRO Becomes More Pronounced, With Significant Outflows From Long-term Holders 

Additionally, Amber Group has recently deposited 500,000 $ZRO (around $1.38 million) to Binance. This comes after receiving 5.69 million $ZRO from LayerZero’s contract, distributing a portion to various exchanges including Bifmex, Binance, Kucoin, and Bitget.

2 hrs ago, Amber Group (0x4e43) deposited 500K $ZRO ~ $1.38M to #Binance

6 days ago, Amber Group received 5.69M $ZRO from the project's contract. After that:

1. Transferred 500K $ZRO to wallet 0x50c3 and it was desperately deposited onto CEXes like Bifmex, Binance, Kucoin, and… pic.twitter.com/Ye7lcPkoTa

— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) June 26, 2024

The trend of depositing $ZRO onto centralized exchanges (CEXes) has become more pronounced, with significant outflows from long-term holders. Despite this, the project’s fundamentals remain strong, making it an attractive prospect for investors.

According to Cody (@0xhopydoc), with LayerZero’s FDV below $3 billion, this price level is deemed reasonable for buying in. Comparing LayerZero to Wormhole and Axelar, he emphasizes the project’s substantial potential at its current valuation.

As LayerZero continues to outpace its competitors in cross-chain transactions, its market position appears robust, suggesting now might be an opportune time to invest.

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 much-awaited Blast airdrop is happening today, and the team has released a comprehensive tokenomics report along with key project details.

This event marks a significant step for the Blast ecosystem, aiming to distribute tokens broadly within the community while also supporting core contributors and investors.

The total supply of Blast tokens is set at 100 billion. Half of these tokens, 50%, will be airdropped to the community to encourage widespread engagement. An initial airdrop of 17 billion tokens will be distributed among various groups: 7% to gold farmers, 7% to points farmers, and 3% to Blur stakers. Additionally, the top 1,000 wallets will have a 6-month linear vesting period to ensure stability and sustained interest in the token.

⚡️ Blast Airdrop and Tokenomics!

The airdrop is happening tomorrow. Blast shared the full tokenomics and project report, including key ecosystem applications.

Total Supply: 100BInitial Supply: 17B, all going to the community.

7% – Gold farmers7% – Points farmers3% – Blur… pic.twitter.com/aH3lsyeS1U

— CryptoRank.io (@CryptoRank_io) June 25, 2024

Core contributors will receive 25.5% of the total supply, recognizing their efforts in building and maintaining the ecosystem. Investors are allocated 16.5%, and 8% is reserved for the Blast Foundation to be used as a reserve fund.

Blast announced the token economic model, with a total supply of 100 billion tokens, 50% of which will be airdropped to the community, an initial airdrop of 17 billion tokens, 25.5% to core contributors, 16.5% to investors, and 8% to the Blast Foundation as a reserve fund.…

— Wu Blockchain (@WuBlockchain) June 25, 2024

Airdrop Token Claim Set To Start On June 26th 2PM UTC

The strategic distribution of tokens highlights the project’s commitment to fostering a robust and engaged community while ensuring that key stakeholders are rewarded for their contributions. The Blast token is valued at 3 cents in pre-market assessments, reflecting optimism about its potential in the broader market.

Token claims will commence on June 26th at 2 PM UTC, marking the official launch of the Blast airdrop. This event is expected to generate significant interest and participation from various segments of the crypto community, potentially setting the stage for Blast’s future growth and success.

With its well-planned token distribution and clear commitment to community engagement, Blast is poised to make a notable impact in the cryptocurrency space. As the airdrop unfolds, all eyes will be on how the community responds and how the project’s ecosystem evolves.

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 the last 24 hours, $ZYN has experienced a remarkable increase in trading activity and price, fueled by significant buying from Smart DEX Traders.

The token’s DEX volume has soared to $2.3 million, marking a 312% increase, while its price has jumped by 91.8%, reaching $0.04179.

$ZYN – Insider of $NPC has started buying $ZYN in the past 4 hours 😎

(Watch more about $ZYN here: https://t.co/kpmmKT4FkB)

The DEX volume of $ZYN has increased to $2.3M (+312%), and the token price has also increased by 91.8% in the past 24 hours. Current price is $0.04179.… pic.twitter.com/6c59qSplHG

— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) June 26, 2024

An insider from $NPC has begun accumulating $ZYN over the past four hours, further driving interest in the token.

Notably, wallet 0x4699, which previously made a profit of $1.15 million (1,173%) with $NPC, has purchased 1.7 million $ZYN worth $50,000. This wallet also holds $1.2 million in $USDC, indicating substantial capital backing its trades.

Other Notable Traders Takes Positions On $ZYN

Other Smart DEX Traders have also started to take significant positions in $ZYN:

– Wallet 0x9abd, with a win rate of 58.82%, bought 2.77 million $ZYN for $69,800 at an average price of $0.02515.

– Wallet 0xcc54, with a win rate of 43.53%, acquired 2.77 million $ZYN for $47,614 at an average price of $0.04001.

– Wallet 0x50f2, known for a previous profit of $351,610 (541%) with $ZYN, purchased an additional 575,991 $ZYN worth $22,336 within the last hour, at prices ranging from $0.03778 to $0.04032.

Other Smart Dex Traders have started taking action:

– Wallet 0x9abd (https://t.co/FP6J0OuwMj) with a win rate of 58.82%, has bought 2.77M $ZYN ($69,800) with an average price of $0.02515.

– Wallet 0xcc54 (https://t.co/n60aWnCIAC) with a win rate of 43.53%, has bought 2.77M $ZYN… pic.twitter.com/rc51nFGKa4

— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) June 26, 2024

The increased activity among these high-profile traders suggests strong confidence in $ZYN’s potential. As these Smart DEX Traders, with their notable track records, amass significant amounts of $ZYN, speculation is rife that the token may be poised to return to its all-time high (ATH).

This surge in buying activity and confidence from seasoned traders could indicate a bullish outlook for $ZYN. Investors are closely watching the token, expecting further price appreciation based on the current momentum and strategic accumulation by influential market players.

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 $ZYN Sees Surge As Smart DEX Traders Increase Positions appeared first on The Merkle News.

Arbitrum’s native token, $ARB, has been trading below $1 for the past two weeks, experiencing a significant 33% drop over the last 30 days.

Earlier today, two wallets associated with @GSR_io deposited a total of 3.466 million $ARB (approximately $3.92 million) to Binance, depleting their $ARB holdings.

10 hours ago, 2 wallets (belong to @GSR_io) deposited totally 3.466M $ARB (~$3.92M) to #Binance.

Those are last $ARB in these 2 wallets.

Addresses:https://t.co/3P0txcWO9Chttps://t.co/BjIjlwO7wE pic.twitter.com/PfxX5V5NWR

— The Data Nerd (@OnchainDataNerd) June 26, 2024

Despite the bearish sentiment, the Arbitrum DAO has proposed an intriguing initiative to launch $ARB staking. The proposal suggests using 50% of surplus sequencer fees to reward $ARB stakers.

With 12,000 ETH in annual fees and $ARB priced at $1, this could offer an attractive 7% annual percentage yield (APY) for stakers.

Arbitrum DAO is proposing to launch $ARB staking.

This time, 50% of surplus sequencer fees will be used to reward ARB stakers.

With 12,000 ETH in annual fees and an ARB price of $1, this translates to a 7% APY.

The catch: tokens must be staked and delegated to a delegate with… pic.twitter.com/MCPeTo54Kq

— Ignas | DeFi (@DefiIgnas) June 25, 2024

The ARB New Staking Proposal Receives Public Acceptance 

The proposal has garnered positive public feedback, even though staking would not commence until at least September. A key aspect of this proposal is the requirement for staked tokens to be delegated to a delegate with a Karma Score.

This score reflects their participation in DAO forums and votes, both off-chain and on-chain. Delegates would earn 1% of the surplus fees, incentivizing active governance participation.

This move aims to fortify the DAO, which currently holds over $50 million in surplus fees in its treasury but sees only 10% of $ARB actively participating in governance.

The limited engagement makes the DAO susceptible to attacks. By sharing a portion of its revenue with token holders, the DAO seeks to enhance its security and incentivize more active participation.

As regulatory environments improve and successful proposals like this one are implemented, it is hoped that other DAOs with substantial treasuries will adopt similar revenue-sharing mechanisms. This could lead to a more robust and participatory governance model across the decentralized finance 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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The post Arbitrum’s $ARB Faces Bearish Trend Amid New Staking Proposal appeared first on The Merkle News.

DWFLabs has just completed the sale of their final 24 million $JASMY tokens, marking the end of their contract with Jasmy, which was set to conclude in August of this year.

This significant move hints at the possibility of Jasmy engaging a new market maker soon.

#jasmy @DWFLabs just cleared out their final 24M $jasmy

If I remember correctly, their contract with @JasmyMGT was supposed to end in August of this year, so it’s possible that Jasmy works with a new market maker soon. pic.twitter.com/6UnaFoKtlh

— DipMehtaVerse (@DipMehtaVerse) June 25, 2024

Earlier this year, DWFLabs executed a notable transaction involving $JASMY tokens. On June 26, 2023, they withdrew 700 million $JASMY from Gateio at a price of $0.004384.

This withdrawal came immediately after the Jasmy Deployer deposited the same amount into the centralized exchange. Over the past year, DWFLabs strategically deposited these tokens into Binance at an average price of $0.01788, realizing a remarkable 308% gain.

DWF Labs (@DWFLabs) just deposited the last 24M $JASMY ($731K) to #Binance ~33 mins ago.

Notably, DWF Labs has a 1-year contract as an MM of @JasmyMGT that will expire in Aug:

• They withdrew 700M $JASMY from #Gateio at $0.004384 on Jun 26, 2023, right after Jasmy Deployer… pic.twitter.com/TEJuDlWL1Z

— Spot On Chain (@spotonchain) June 25, 2024

Market makers like DWFLabs play a pivotal role in the cryptocurrency ecosystem, providing essential liquidity and stability. Their recent trades in $JASMY underscore this influence. By facilitating smoother transactions and reducing price volatility, market makers ensure a more reliable trading environment for investors.

The completion of DWFLabs’ contract with Jasmy and their final $JASMY trade signals a potential shift in the token’s market dynamics. With DWFLabs no longer in the picture, Jasmy might seek out a new market maker to continue ensuring liquidity and market stability. This transition could bring new opportunities and strategies for $JASMY trading, influencing its future price movements and market behavior.

Investors and traders will be keenly watching for any announcements from Jasmy regarding a new market maker. The expertise and strategies of the incoming market maker will be crucial in maintaining the momentum and stability that DWFLabs has provided over the past year.

As the market adjusts to these changes, the role of market makers in the crypto space remains as critical as ever, highlighting their impact on trading environments and investor confidence.

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 DWFLabs Completes Final $JASMY Trade As Contract Nears End appeared first on The Merkle News.

In the past 24 hours, the Water team has come under scrutiny for allegedly selling a substantial amount of $WATER tokens.

On-chain analysis by Lookonchain revealed that the developers transferred 844.44 million $WATER to 11 new wallets that did not participate in the pre-sale. These wallets have since sold the $WATER tokens, amassing over 18,600 $SOL, equivalent to $2.35 million.

Is the #WaterCoin team selling $WATER?

We noticed that the dev transferred 844.44M $WATER to 11 new wallets that didn't participate in the pre-sale.

These 11 wallets are selling $WATER and have obtained more than 18,600 $SOL($2.35M) by selling $WATER! pic.twitter.com/PWItcb06RN

— Lookonchain (@lookonchain) June 24, 2024

One notable transaction saw an individual make an impressive 22,379 $SOL ($2.9 million) in under 20 minutes. This individual created a new wallet just five hours ago and withdrew funds from Bybit.

They then spent 16,900 $SOL ($2.1 million) to snipe 612.23 million $WATER (22.71% of the pooled $WATER) in the same block where the deployer added liquidity. Subsequently, they sold all the $WATER tokens, netting 39,279 $SOL ($5 million) in the process.

Someone made 22,379 $SOL($2.9M) on $WATER in less than 20 minutes!

This guy created a new wallet 5 hours ago and withdrew funds from #Bybit.

Then he spent 16,900 $SOL($2.1M) to snipe 612.23M $WATER(22.71% of the pooled $WATER) in the same block where the deployer added… pic.twitter.com/eRIu0y8rvx

— Lookonchain (@lookonchain) June 24, 2024

Another sniper also engaged in this frenzy, spending 15,000 $SOL ($1.9 million) to snipe 177.9 million $WATER. However, this individual’s strategy did not yield the same lucrative results.

$WATER Token Whale Loses Over 5,694 $SOL

After selling all their $WATER tokens, they only managed to recover 9,306 $SOL ($1.2 million), resulting in a loss of 5,694 $SOL ($716.4K) within a mere 10 minutes.

Not all snipers can make money!

If you are not familiar with sniping, please do it with caution.

This sniper spent 15K $SOL($1.9M) to snipe 177.9M $WATER, which is less than what other snipers bought.

So he got only 9,306 $SOL($1.2M) back after selling all and lost 5,694… pic.twitter.com/v1uwfti8hM

— Lookonchain (@lookonchain) June 24, 2024

These events have sparked considerable controversy and debate within the crypto community. The transfer of $WATER tokens to new wallets and their subsequent sale has raised suspicions about the Water team’s intentions and transparency. Moreover, the actions of the snipers underscore the highly volatile and risky nature of cryptocurrency trading, where fortunes can be made or lost in a matter of minutes.

As the situation unfolds, investors and traders will be closely monitoring the Water team’s next moves and the market’s reaction. This episode serves as a stark reminder of the rapid and often unpredictable dynamics of the cryptocurrency market.

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 early investor in $WIF has made headlines again by purchasing 938,434 $WIF tokens, valued at $1.6 million, today.

This individual previously acquired 3.58 million $WIF, now worth $6.6 million, during December 9 and December 13, 2023, at a remarkably low cost of just $21,000.

With this latest purchase, their total holdings now stand at 3.97 million $WIF, worth approximately $7.3 million.

An early buyer of $WIF bought 938,434 $WIF($1.6M) again 4 hours ago.

This guy bought 3.58M $WIF($6.6M currently) on Dec 9 and Dec 13, 2023, at a cost of only $21K.

He currently holds 3.97M $WIF($7.3M).https://t.co/XNnO3JaFdb pic.twitter.com/hPaOSusAr0

— Lookonchain (@lookonchain) June 25, 2024

The $WIF token has experienced a notable resurgence, climbing back to $2 with a 20% increase today. This surge has reignited interest among investors, including a whale who previously incurred a significant loss on $WIF.

Whale Spends 3.77 Million USDT To Buy Back $WIF Tokens

This whale, who lost $4.63 million, has now spent 3.77 million $USDT to buy back 2.06 million $WIF tokens. Despite the $WIF price rise, this investor’s average buying price is $1.83, illustrating a strategy of selling at a lower price and then buying back at a higher price.

This whale, who lost $4.63M on $WIF, spent 3.77M $USDT to buy 2.06M $WIF back after the $WIF price rose.

His average buying price is $1.83, selling at a low price and then buying at a higher price.https://t.co/7xutjIzMGs pic.twitter.com/d5glbGKsyq

— Lookonchain (@lookonchain) June 25, 2024

The renewed activity around $WIF highlights the token’s volatile nature and the high-stakes strategies employed by significant investors. The early buyer’s confidence, demonstrated by their substantial reinvestment, suggests a strong belief in the token’s future potential. Conversely, the whale’s decision to repurchase $WIF despite a previous loss indicates a potential shift in market sentiment or a strategic move to mitigate earlier losses.

These developments underscore the unpredictable dynamics of the cryptocurrency market, where rapid price movements can lead to significant gains or losses. Investors and traders will be watching closely to see how $WIF performs in the coming days, particularly in light of these high-profile transactions.

As $WIF continues to attract attention, its market trajectory will be an interesting case study in investor behavior and market psychology within the crypto 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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The post Early Buyer Reinvests In $WIF As Token Surges 20% appeared first on The Merkle News.

Rollbit, a prominent cryptocurrency sportsbook and casino, has seen significant growth recently in its token $RLB value.

The platform, which debuted in 2019 and offers gaming, sports betting, futures trading, and NFT options, experienced a 20% price surge in the past 24 hours and a 30% increase over the last week.

Data from iCrypto.ai reveals that a smart money investor, identified as wallet 0x209d, purchased 1.36 million $RLB worth approximately $101.3K in the last 12 hours. This entire amount was then transferred to wallet 0x5f89, bringing its total holdings to 5.9 million $RLB, valued at around $436.23K.

Notably, wallet 0x5f89 had been inactive for over seven months but became active again in the last two days. This wallet was previously active during a period of 50%-146% growth for $RLB, seven to eleven months ago.

According to analysis by @Izzybelleth, $RLB has significant potential, largely due to its “buy and burn” mechanism.

Projections Places $RLB Token Price At $3.39 Within A Year 

This mechanism is expected to drive a substantial price increase, potentially raising $RLB from its current $0.0642 to $3.39 within a year. The analysis compares $RLB to the $OHM project but highlights that $RLB has a stronger foundation due to its actual revenue.

$RLB – A Gambling Season Contender?

According to data from https://t.co/kFF8LDumzs, Smart Money 0x209d (https://t.co/qxCitmFO8q) has purchased 1.36M $RLB ~ $101.3K in the last 12 hours.

Immediately, the wallet 0x209d has transferred the entire amount to 0x5f89… pic.twitter.com/4EVocvPPMe

— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) June 25, 2024

Rollbit’s platform, which has been operational for five years, is expanding into new markets, including China, further bolstering its growth prospects. The recent surge in $RLB’s price, coupled with strategic investments from notable wallets, underscores the growing confidence in Rollbit’s long-term potential.

As Rollbit continues to innovate and expand, its $RLB token is positioned for continued growth, making it a cryptocurrency to watch in the coming months. The strategic activities of key investors and the platform’s robust foundation suggest a promising future for $RLB.

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 Rollbit Gains Momentum: $RLB Surges 20% In 24 Hours As Smart Money Bets Big appeared first on The Merkle News.

Today’s memecoin rally has seen notable increases, with $STONKS and $WOLF rising by 25% and 14%, respectively. Reports indicate that insiders of these coins have been strategically active, buying into a new memecoin, further fueling the market excitement.

Data from iCrypto.ai reveals that two smart wallets, which previously made significant profits on $WOLF and $STONKS, are behind these latest moves. These wallets achieved impressive returns, with one making a 190x profit on $WOLF and the other a 510x profit on $STONKS.

Insider of $WOLF: In April 2024, the wallet 0xa1f0 (icrypto.ai/wallet/0xa1f00…) purchased 17.05 billion $WOLF for $8,063, at an average price of $0.0000004721. During the initial pump, this wallet sold 15.84 billion $WOLF and still holds 1.21 billion $WOLF, now valued at $95,000. This resulted in a total profit of $51,970, a staggering 19,000% return.

Insider of $STONKS: In May 2024, the wallet 0xa9bf (icrypto.ai/wallet/0xa9bf1…) bought 7.05 billion $STONKS for $434, at an average price of $0.00000076163. The wallet sold 6.05 billion $STONKS during the initial pump and retains 1 billion $STONKS, currently worth $19,500. This trade brought in a total profit of $189,970, reflecting a remarkable 51,000% return.

Insiders of $WOLF and $STONKS have just bought a new #Meme 🐳

Data from https://t.co/kFF8LDumzs will show you 2 Smart Wallets that got their profit 190x on $WOLF and 510x on $STONKS respectively.

1. Insider of $WOLF:

In 04/2024, the 0xa1f0 wallet (https://t.co/0mNJoilr2k)… pic.twitter.com/iRR09k3wSt

— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) June 25, 2024

These two individuals have resumed their activity, accumulating a new memecoin over the past four days. Their strategic moves and previous success have not gone unnoticed, likely contributing to the recent price surges in $STONKS and $WOLF.

The memecoin market continues to capture the attention of traders and investors, with strategic insider activity playing a significant role in driving price movements. As these smart wallets remain active, the market watches closely for potential new opportunities and further rallies.

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 Memecoins Rally: $STONKS and $WOLF Surge As Insiders Make Strategic Moves appeared first on The Merkle News.

The market has revealed its preferences, showing strong interest in leading Real World Asset (RWA) tokens $TOKEN and $ONDO.

Despite a general market decline today, both tokens have maintained stable trading charts, indicating robust support from institutional investors and crypto enthusiasts.

$ONDO, in particular, demonstrated notable resilience, rising by 2% despite challenging market conditions. Earlier today, significant movements were observed involving $ONDO.

A wallet named “docxbt.eth” (0x992) withdrew 2 million $ONDO, approximately valued at $2.19 million, from Coinbase. Concurrently, another wallet (0xC19) withdrew 464.5k $ONDO, worth around $509k, from Coinbase as well.

7 hours ago, a wallet 0x992 named "docxbt.eth" just withdrew 2M $ONDO (~$2.19M) from #Coinbase.

At the same time, other wallet 0xC19 withdrew 464.5k $ONDO (~$509k) from #Coinbase too.

Addresses:https://t.co/8XfsFlPwZGhttps://t.co/DKwgadI2Qh pic.twitter.com/H5NK2pc1Nf

— The Data Nerd (@OnchainDataNerd) June 24, 2024

These substantial withdrawals highlight the strong confidence and interest in $ONDO, reflecting major institutional engagement. The stable performance and slight uptick in $ONDO’s value suggest that investors are optimistic about its potential to outperform throughout the remainder of the bull market.

$TOKEN, Another Top RWA Token Holds Strong Trading Chart

$TOKEN, another leading RWA token, also demonstrated stability, maintaining a steady trading chart. The continued interest in these tokens, despite broader market volatility, underscores their appeal and potential as reliable investments within the crypto space.

The market is showing its hand, demonstrating strong interest in leading #RWA tokens $TOKEN and $ONDO.

Both have major institutional interest, and I expect these to outperform for the rest of the bull market.#TOKEN will lead the pack, bring on the RWA rally!💎🤲🏻 #Crypto $FLOKI pic.twitter.com/YMlNQ81rfC

— Mr. Diamondhandz1💎 (@MrDiamondhandz1) June 24, 2024

The resilience of $ONDO and $TOKEN amidst market fluctuations is a promising sign for their future performance. With substantial backing from institutional investors and growing interest from the broader crypto community, these tokens are well-positioned to capitalize on the ongoing bull market.

Crypto enthusiasts and investors should keep a close eye on $TOKEN and $ONDO as they navigate the market. Their ability to maintain stability and attract significant investments even in a downturn highlights their potential for long-term success and outperformance.

As the market continues to evolve, $TOKEN and $ONDO could emerge as key players, offering strong returns and demonstrating the growing importance of RWA tokens in the crypto 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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According to Crypto Rank data, several tokens with significant unlock amounts are set to be released this week, potentially impacting their market dynamics.

June 24: Worldcoin (WLD) – Unlock Equivalent: $8.79 million – Tokens to be Unlocked: 3.20 million

Worldcoin kicks off the week with the unlocking of 3.20 million tokens, valued at $8.79 million. This event is expected to influence trading activities and liquidity for WLD.

June 25: Alt Layer (ALT) – Unlock Equivalent: $17.35 million – Tokens to be Unlocked: 98.96 million

The following day, Alt Layer will see a substantial release of 98.96 million tokens, equivalent to $17.35 million. This significant influx could lead to notable market movements.

June 26: Gatechain (GT) – Unlock Equivalent: $15.13 million – Tokens to be Unlocked: 2 million

On June 26, Gatechain will unlock 2 million tokens worth $15.13 million, likely affecting GT’s market supply and price volatility.

June 27: Axelar (AXL) – Unlock Equivalent: $14.19 million – Tokens to be Unlocked: 25.81 million

Axelar’s token unlock on June 27 involves 25.81 million tokens valued at $14.19 million, potentially impacting trading volume and price dynamics.

✍️ TOKEN UNLOCKS THIS WEEK!

Here's a list of upcoming token unlocks this week👇@worldcoin Unlock date → June 24 (Today) Unlock equivalent in $ → $8.79m Tokens to be unlocked → 3.20m………..@alt_layer Unlock date → June 25Unlock equivalent in $ → $17.35M… pic.twitter.com/fqri9g1sAD

— Princ3 🌿 (@Prince_omobee) June 24, 2024

June 28: Fetch.ai (FET) – Unlock Equivalent: $7.39 million – Tokens to be Unlocked: 5.37 million

Fetch.ai will release 5.37 million tokens worth $7.39 million on June 28, adding to its circulating supply and possibly influencing market trends.

June 29: Portalcoin (PORTAL) – Unlock Equivalent: $13.75 million – Tokens to be Unlocked: 30.6 million

Portalcoin’s unlock event on June 29 will see 30.6 million tokens, valued at $13.75 million, enter the market, which may affect its liquidity and price stability.

June 30: Optimism (OP) – Unlock Equivalent: $54.85 million – Tokens to be Unlocked: 32.21 million

The week concludes with Optimism unlocking 32.21 million tokens worth a substantial $54.85 million on June 30. This large unlock could lead to significant price fluctuations and trading activity.

These token unlocks are critical events for investors and traders to monitor, as they can influence market sentiment and asset valuation in the short term.

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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According to HC Capital, a prominent crypto research platform, all newly listed tokens on Binance in 2024 have experienced significant declines from their all-time highs (ATH).

These tokens span diverse sectors, including GameFi, AI, Layer 2, and Layer 3 technologies.

The widespread downturn is attributed to several key factors:

1. Market Volatility: Initial hype and speculative trading often inflate prices, which later correct sharply. 2. Low Float: A limited supply of tokens can lead to significant price fluctuations. 3. High Fully Diluted Valuation (FDV): Overvaluation at launch often results in substantial price corrections as the market adjusts.

Key Tokens Affected:

Down Over 80% – AEVO – PORTAL – STRK – SAGA – DYM

Down Over 70% – AXL – MANTA – OMNI – PYTH – PIXEL – TNSR – ALT

Down Over 60% – AI (@SleeplessAI_Lab) – BOME (@Bomebookofmemes) – WIF (@dogwifcoin) – XAI (@XAI_GAMES) – JUP (@JupiterExchange) – METIS (@metisl2) – REZ (@RenzoProtocol) – ETHFI (@ether_fi)

Down Over 50% – TAO (@opentensor) – ENA (@ethena_labs) – BB (@bounce_bit)

Down Over 40% – ZRO (@LayerZero_Labs) – RON (@Ronin_Network) – NOT (@thenotcoin)

Down Over 30% – IO (@ionet) – ZK (@zksync)

Performance of Newly Listed Tokens on Binance in 2024

🔻Token Categories:Diverse sectors: #GameFi #AI #Layer2 & #Layer3,…

🔻All tokens down from ATH due to:▫️Market Volatility: Initial hype and speculation.▫️Low Float: Limited supply causing price swings.▫️High FDV:… pic.twitter.com/qj6KmU2Aqy

— HC – Capital (@hc_capital) June 21, 2024

This trend underscores the inherent volatility and risks associated with newly listed tokens, particularly in highly speculative and emerging sectors.

Investors are advised to conduct thorough research and exercise caution when engaging with new token listings, as market dynamics can lead to rapid and substantial changes in valuation.

The findings by HC Capital highlight the need for a balanced approach to investing in the ever-evolving cryptocurrency landscape.

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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According to security firm SlowMist, phishing activities are becoming increasingly prevalent within the TON ecosystem.

The decentralized nature of the Telegram ecosystem has inadvertently fostered an environment where phishing links and deceptive bots proliferate in message groups and airdrops, targeting users’ TON wallets on a large scale.

These malicious schemes aim to steal not only cryptocurrencies and NFTs but also Anonymous Telegram Numbers (ATNs), which function similarly to mobile phone numbers and are widely used for creating Telegram accounts.

The loss of an ATN can potentially compromise the associated Telegram account unless the user has enabled Two-Step Verification, which requires an independent password.

TON 生态的钓鱼开始多了，Telegram 生态过于自由的特点，许多钓鱼链接（或 bot 形式）通过消息群组方式传播，空投等诱骗方式来批量钓走用户 TON 钱包里的有关资产（包括 NFT，特别的如 Anonymous Telegram Numbers，类似手机号，许多人用于创建 Telegram 账号，这个被钓走，意味着对应的 Telegram…

— Cos(余弦)😶‍🌫️ (@evilcos) June 24, 2024

The Need For A Two-Factor Verification 

The surge in phishing attacks underscores the need for heightened security measures within the Telegram ecosystem. Users are advised to remain cautious and vigilant, thoroughly verifying any links or offers they encounter in message groups.

By implementing Two-Step Verification and other security practices, users can better protect their accounts and digital assets from these sophisticated phishing schemes.

This increase in phishing incidents serves as a critical reminder of the ongoing cyber threats within the crypto space. As phishing techniques evolve, it is imperative for users to stay informed and proactive in securing their online presence.

The TON community must work collectively to raise awareness and fortify defenses against these pervasive scams, ensuring a safer environment for all participants.

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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A trader fell victim to a phishing attack over the past trading weekend, losing a staggering $11.1 million after inadvertently signing fraudulent transactions.

The scam resulted in the theft of 3,657 MKR tokens, valued at $8.7 million, and 2.56 million PT Ethena tokens worth $2.4 million.

Someone lost $11.1M in a phishing attack 5 hrs ago!

He was exploited for 3,657 $MKR($8.7M) and 2.56M PT Ethena tokens($2.4M).

The exploiter sold 3,657 $MKR for 2,502 $ETH($8.7M), causing the price of $MKR to drop by 7%.

And swapped 2.56M PT Ethena tokens for 689 $ETH($2.41M).… pic.twitter.com/PNcQNCZ9Pc

— Lookonchain (@lookonchain) June 23, 2024

The attacker wasted no time in offloading the stolen assets. They converted the 3,657 MKR tokens into 2,502 ETH, a transaction valued at $8.7 million, which subsequently caused a 7.5% drop in the price of MKR due to the large sale.

The Attacker Swapped Ethena Tokens For 689 ETH

In addition, the scammer swapped the 2.56 million PT Ethena tokens for 689 ETH, amounting to $2.4 million.

🚨 Phishing Attack Alert: $11.1M Lost in Recent Exploit! 🚨

Approximately 6 hours ago, a major phishing attack resulted in a significant loss of assets.

Details of the Exploit:1⃣ 3,657 $MKR ($8,766,097) and 2.56M PT Ethena tokens ($2.4M) were stolen.2⃣ The exploiter sold… pic.twitter.com/swtZJBKOqR

— Crypto Patel (@CryptoPatel) June 23, 2024

This incident underscores the critical importance of security within the cryptocurrency sector. It serves as a stark reminder to traders to remain vigilant and adopt stringent security measures to safeguard their digital assets.

The loss of such a significant amount of money through a phishing scam highlights the sophisticated tactics employed by scammers and the dire consequences of falling for their schemes.

Cryptocurrency holders are urged to stay informed about potential threats and employ best practices such as using hardware wallets, enabling two-factor authentication, and thoroughly verifying transaction details before approval.

By taking these precautions, traders can better protect themselves against the growing threat of cyberattacks in the crypto space.

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 memecoin market is showing signs of decline, prompting speculation about whether the current conditions signal the end of the memecoin season or present a buying opportunity.

While the memecoin narrative has been a significant theme this cycle, recent trends indicate a downturn, with celebrity-endorsed tokens also struggling.

$WIF

A whale recently deposited 12.66 million $WIF, worth $23.4 million, to Binance over the past two days. This activity led to a brief spike to $4.88, followed by a sharp decline. The current price stands at $1.8115 USDT, suggesting a correction phase marked by bearish momentum.

A whale deposited 12.66M $WIF($23.4M) to #Binance in the past 2 days.https://t.co/gWcpd0gBOz pic.twitter.com/Fc6WayMjAO

— Lookonchain (@lookonchain) June 22, 2024

$BONK

After a sharp increase to $0.00004800, $BONK has seen a gradual decrease. Its current price is $0.00002061 USDT. The token is now in a consolidation phase, showing stable movement after reaching its peak.

$BOME

$BOME experienced initial volatility, peaking at $0.02600 before entering a downward trend. Currently priced at $0.008801 USDT, the token is in a bearish trend with occasional small recoveries, indicating overall negative momentum.

$PEPE

$PEPE saw a sharp rise to $0.00001725, followed by a downward correction phase. The current price is $0.00001141 USDT. The token is now consolidating, with lower highs and lows, and appears to be stabilizing around its current level.

$BONK Tends To Mirror $PEPE Price Action Part

Monitoring $PEPE’s price action could provide insights, as $BONK tends to follow similar patterns. $WIF appears significantly oversold, potentially indicating a buying opportunity. Meanwhile, $BOME might be forming a double bottom, suggesting a potential reversal.

Is Memecoin over or opportunity??

Memecoin narrative is one the key narratives this cycle, though lastly celeb endorsed memecoins not ending well and overall memecoins are going down.

Let's check 4 major memecoins right now 👇

$WIF– Significant spike to 4.88, then a downward… pic.twitter.com/m7VPG6gogt

— Open4profit (@open4profit) June 22, 2024

Investors are now considering whether this market downturn represents a chance to accumulate more tokens at lower prices or if it signifies a broader decline in the memecoin trend.

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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Ethereum recently experienced its largest spike in active $ETH addresses in three months, with the total number reaching 617,170.

This surge comes amid growing anticipation of Ethereum Exchange-Traded Funds (ETFs).

#Ethereum just saw its largest spike in active $ETH addresses in three months, reaching a total of 617,170 active #ETH addresses. pic.twitter.com/CSqBOnQhEr

— Ali (@ali_charts) June 22, 2024

Bloomberg ETF analyst Eric Balchunas has reported that numerous amended ETH ETF S-1 filings are expected today. The SEC will then review these filings to notify issuers of any final changes and their effectiveness, with July 2nd being considered a potential launch date for these ETFs.

Bloomberg ETF analyst Eric Balchunas: We will see a bunch of amended ETH ETF S-1s filed today, or maybe later this afternoon. Then ball's in SEC's court to let issuers know about any final changes and effectiveness (final approval). We holding the line with July 2nd as our…

— Wu Blockchain (@WuBlockchain) June 21, 2024

In addition to this regulatory development, Paradigm Capital has made significant moves within the Ethereum market. At 6:37 UTC+8 today, Paradigm deposited 5,817 ETH, valued at approximately $20.49 million, into the custody platform Anchorage Digital.

Paradigm Has Deposited 14,070 ETH, Currently Worth Over $49,5. Million 

Over the past three months, Paradigm has consistently deposited ETH into Anchorage Digital at the end of each month. The total deposits now amount to 14,070 ETH, worth around $49.5 million.

Paradigm Capital: 0x11…c3cD deposited 5.817k ETH, worth about $20.49 million, into the custody platform Anchorage Digital at 6:37 UTC+8 today. In the past three months, Paradigm has regularly deposited ETH into Anchorage Digital at the end of each month, and has deposited a…

— Wu Blockchain (@WuBlockchain) June 22, 2024

These activities highlight a growing institutional interest in Ethereum. The spike in active addresses suggests increased network activity, possibly driven by both retail and institutional investors positioning themselves ahead of the anticipated ETF launches. The consistent deposits by Paradigm Capital into Anchorage Digital further underscore the confidence in Ethereum’s long-term potential.

As the Ethereum ecosystem continues to develop, the potential approval and launch of ETH ETFs could be a significant milestone. It would likely provide increased accessibility for investors and potentially drive further demand and price appreciation for $ETH.

Overall, the combination of regulatory progress, significant institutional deposits, and increased network activity paints a promising picture for Ethereum’s near-term future. Investors and market observers will be closely watching the SEC’s decisions and the impact of these developments on the broader crypto market.

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 Ice Open Network (ION) has recently seen its market cap surge back above the $30 million mark. This resurgence comes just 12 hours after the launch of the Sunwaves Token (SW), the first project under the ION ecosystem.

In this short span, the dedicated community burned over 4,500,000 $ICE coins.

🔥 $ICE Token Burn 🔥

In just 12 hours since #SW was launched as the first project under the #ION ecosystem, the community has burned over 4,500,000 Coins.

With more projects launched, more and more coins will be burned.

⏳ Soon we will announce the next project to launch! pic.twitter.com/8qjPgYE5Lh

— Ice Open Network (@ice_blockchain) June 20, 2024

Now, three days post-launch, the community has collectively burned more than 20,000,000 $ICE coins. This aggressive burning strategy has significantly contributed to the rise in the market cap and reflects the strong support and participation within the ION community.

🚀 In just 3 days since the launch of #SUNWAVES, our incredible community has BURNED over 20,000,000 $ICE Coins! 🔥

Huge shoutout to our AMAZING supporters. This is just the beginning! 🌟 #ION pic.twitter.com/svsJ4vPEZ1

— Ice Open Network (@ice_blockchain) June 22, 2024

AI Project Set To Launch On Ice Network Soon

As more projects launch within the ION ecosystem, the burn rate of $ICE coins is expected to increase, potentially driving the value higher. The Ice Open Network has also announced the upcoming launch of its next project—an AI company set to revolutionize the telecommunications industry. This new venture is anticipated to further accelerate the coin burn rate, enhancing the overall ecosystem’s value and sustainability.

📡 The next project launching on #ION is an #AI company revolutionizing the telecommunications industry!

Can you guess the use case? 💬

👇 Drop your ideas in the comments below! pic.twitter.com/0o6H0yshAR

— Ice Open Network (@ice_blockchain) June 21, 2024

The strategic coin burns and the introduction of innovative projects underline ION’s commitment to growth and development. The community’s active involvement in burning coins demonstrates a robust belief in the network’s potential. With each new project, the deflationary effect on $ICE coins is likely to attract more investors, driving further market cap growth.

ION’s recent activities signal a promising future, with the potential for substantial gains as the ecosystem continues to expand. Investors and community members are eagerly anticipating the impact of the AI telecommunications project, which could mark another significant milestone for the Ice Open Network.

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 TON blockchain is experiencing a significant surge in activity, with the Total Value Locked (TVL) surpassing $500 million as Season 4 of the Open League Digest gets underway.

This period has also seen a remarkable influx of over 1,000 applications for The Open League Hackathon, showcasing strong developer interest. Meanwhile, limited early-bird tickets for the Gateway event are now available at discounted prices, adding to the excitement.

The Open League Digest ☕️📖

With Season 4 underway, TVL on #TON has skyrocketed to over $500M. Over 1K applications have been received for The Open League Hackathon, limited early-bird tickets for Gateway are now on sale at a discounted price, and much more! 🚀

Details ➡️… pic.twitter.com/My9O93RXqs

— TON 💎 (@ton_blockchain) June 21, 2024

Binance Confirms Support For $USDT Transactions On The Ton Blockchain 

In a significant development, Binance has announced support for $USDT transactions on the TON blockchain.

This integration allows Binance users greater flexibility in moving stablecoin liquidity onto the TON blockchain, promising to enhance transaction speeds, reduce fees, and offer a cost-effective method for handling $USDT transactions.

⚡️JUST IN: @binance now supports $USDT transactions on the @ton_blockchain. pic.twitter.com/xsnWpW2wUT

— Cointelegraph (@Cointelegraph) June 21, 2024

The move by Binance to leverage the TON blockchain for stablecoin liquidity marks a substantial step forward in improving transaction efficiency and reducing costs for users. This integration underscores Binance’s commitment to advancing blockchain technology for broader accessibility and functionality within the crypto ecosystem.

The collaboration between Binance and the TON blockchain is expected to drive more adoption and usage, highlighting the growing importance of efficient, low-cost transaction solutions in the cryptocurrency space.

As the TON ecosystem continues to expand with initiatives like the Open League Digest and the upcoming Hackathon, the integration of $USDT transactions further solidifies its position as a leading blockchain platform.

This surge in TVL and the strategic moves by major players like Binance demonstrate the increasing confidence and interest in the TON blockchain.

With enhanced transaction capabilities and ongoing community engagement through events and hackathons, TON is well-positioned to continue its upward trajectory, offering robust solutions for both developers and users in the ever-evolving world of cryptocurrencies.

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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Recent activities by Shiba Inu (SHIB) whales have stirred significant interest and speculation among investors.

These large holders have been transferring substantial amounts of SHIB from exchanges, raising questions about their intentions and the potential impact on the market.

In a notable move, Shiba Inu whales transferred a total of 2.55 trillion SHIB from exchanges. This includes 2.2 trillion SHIB, worth approximately $39.9 million, moved from Robinhood, and 353 billion SHIB, valued at $6.6 million, withdrawn from Binance.

Shiba Inu Whales Withdraw 2,553,827,943,318 SHIB from Exchanges https://t.co/QDMTspArgX

— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) June 21, 2024

Just yesterday, a smart whale made headlines by withdrawing 353.83 billion SHIB (worth $6.6 million) from Binance. This whale now holds a total of 838.87 billion SHIB, valued at $15.5 million, and has realized a profit of $6.12 million on their SHIB holdings.

A smart whale withdrew 353.83B $SHIB($6.6M) from #Binance 45 minutes ago and currently holds 838.87B $SHIB($15.5M).

The whale's profit on $SHIB is $6.12M.https://t.co/2knxKp4yEZ pic.twitter.com/05AQV2zqLw

— Lookonchain (@lookonchain) June 20, 2024

Crypto.com Integrates SHIB And Other Memecoins For Visa Card Payments 

The increasing popularity of Shiba Inu is also evident from its integration into mainstream platforms. Crypto.com has integrated SHIB and other meme coins for its Visa card payments, further boosting the visibility and utility of Shiba Inu.

This integration allows SHIB holders to use their tokens for everyday transactions, enhancing the coin’s appeal and adoption.

#SHIB Shiba Inu: CryptoCOM Includes SHIB For Visa Card Payments

POV : Keep working on adoption . We'll see it's benefits later eventually ! I want to see a viral game app using $SHIB as their currency or #Xpayment 👀https://t.co/ebGi8jENcq

— Lola (@CryptoLollla) June 20, 2024

These developments highlight the growing influence and acceptance of Shiba Inu in the cryptocurrency space.

The significant withdrawals by whales could be seen as a strategic move to hold their assets in more secure environments or prepare for future market actions. Meanwhile, the broader adoption of SHIB, facilitated by platforms like Crypto.com, suggests a positive outlook for the token’s future.

As Shiba Inu continues to gain traction, investors will be keenly watching the actions of large holders and the token’s integration into more financial services, potentially driving further interest and investment in SHIB.

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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