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Binance Backed Altcoin Drops the Most of the Day: Whales May Sell! PENDLE, Pendle Finance's own token, was one of the projects that lost the most value in the past week. According to CoinGecko data, the PENDLE price has fallen 32.7 percent in the last seven days. PENDLE, which has a market value of $532 million, lost 10.6 percent of its value on a daily basis and is trading at $3.42 as of this morning. But this whale bought PENDLE at much lower prices. According to Lookonchain data, the whale purchased PENDLE from centralized and decentralized cryptocurrency exchanges between February 9 and April 27, 2023, at an average price of $0.32 per unit. Binance's $10 billion investment arm, Binance Labs, announced that it invested in Pendle Finance in August 2023. Pendle Finance enables yield opportunities to be tokenized and traded. Yi He, one of the founders of Binance, commented: “Pendle Finance's innovative yield strategies align with our vision for the future of DeFi.”
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Cryptocurrencies: Biggest Losers and Gainers of the Week 1. FATHER TATE (DAD) DADAY TATE is an Andre Tate Token. But despite the popularity of the phenomenon, it had a pretty rocky start. Shortly after its launch, DADDY TATE price experienced difficulties in the market. However, this week has been quite bullish for this meme coin. Because the price rose 82% during the week and dominated the week's crypto winners. 2. 5thscape (5SCAPE) 5thscape is redefining the AR/VR market with immersive VR games, movies, vehicles and more. Its native token 5 SCAPE brings together the best of these, perfectly connecting cryptocurrency to the AR/VR market. 3.Hoppy Hoppy marked an increase of 50% in the last few hours and 107% in the week. He made the most profitable recovery from this market crash. The price didn't just go up. It also created an all-time high of $0.0002016, offering gains of 4329% since its launch in April. 1. io.net (IO) IO sparked an immediate recovery in the crypto market, with the price reaching an all-time high of $6.45 on June 13. However, soon after that, the downtrend began for this AI crypto, which lost more than 53% of its value, a 35% decline in the last seven days. It is currently at $2.09 with a market cap of $198,612,454. 2. Ben Doge (BENDOG) BENDOG has been on the list of top crypto gainers multiple times in June due to its continuous gains. However, the market crash negatively affected this dog-themed meme coin. It is currently trading at 198.612 following a 32% drop for the week and a 70% drop for the month. 3. Gamestop (GME) Gamestop is again on the loser's side as short sellers are active for this altcoin. Earlier, Gamestop price surged considerably and rose to an all-time high of $0.03207. Now the value has fallen 82% since then. At the time of writing, GME price is at $0.006043 after a 19% increase in the last 24 hours.
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🧙♂️The German Government transferred 700 BTC worth $40.55 million to a wallet last night. •The government still has 39,826 BTC ($2.31 billion).
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The silence was broken in old Bitcoin wallets: First transaction after 13 years Many Bitcoin wallets, which have been dormant for many years, became active during the week. Among these was a 13-year-old wallet. Finally, today 1004 BTC was released from a 10-year-old wallet. Today, 1004 BTC came out of a wallet where no movement was observed for more than 10 years. The transaction was made at 02.57 at night. Almost all of the assets, worth approximately $57 million, continue to be held in a different wallet from which they were transferred. The wallet owner received these BTCs between November 25, 2013 and March 13, 2014. The average cost per BTC was $735. It is unclear whether the investor, who earned a 7,500 percent return on his Bitcoin investment 10 years ago, made this transaction for sales purposes or for a wallet change. On the other hand, there is a strong possibility that this is an OTC (over-the-counter) transaction. Transactions made from wallets that have been inactive for many years have become more frequent since the beginning of July. On Tuesday, a wallet holding 33 #BTC made its first transaction after 13 years, while on Wednesday, another wallet holding 43 BTC became active after 10 years and 4 months. This activity continued in the following days. On Thursday, a 119 BTC wallet moved for the first time in 12 years and 4 months, and yesterday, a 20 #BTC wallet woke up after 11 years. Bitcoin dropped from 63 thousand dollars to 53 thousand dollars during this period. The number one cryptocurrency is traded at $56,670 as of 13.45 CET.
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HOT NEWS: Ethereum (ETH) Bull Justin Sun Announces Big News! Justin Sun, one of the most important names in the cryptocurrency industry, has recently come to the fore with his investments in the leading altcoin #Ethereum (ETH). Sun, the founder of #Tron (TRX), shared an important announcement today. According to the information received, Justin Sun and his team are developing a solution that allows transfers to be made without the need for the altcoin in that network for the transaction fee in stablecoin transfers. Justin Sun, who recently shared an announcement on the subject on his official X/Twitter account, included the following information: “Our team is developing a new solution that allows gas-free stablecoin transfers. In other words, transfers can now be made without any gas tokens and all fees will be covered by stablecoins. This innovation will first be implemented on the Tron blockchain and will later support all Ethereum and EVM compatible public chains. We expect this service to launch in the 4th quarter of this year. “I believe that similar services will greatly facilitate large companies to deploy stablecoin services on the blockchain and elevate the mass adoption of blockchain to a new level.”
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