On January 26th, Spot on Chain reported that shortly after Celsius deposited ETH into CEX, 12 new wallets withdrew 296,835 ETH ($660 million) from Coinbase, accounting for 97.2% of the total deposit amount and suspected to be off-exchange transactions.
Previously, according to Spot on Chain monitoring, Celsius addresses sent 459,560 ETH (worth $1.02 billion) to multiple CEXs in the past 8 hours.
#PEPE🔥🔥

According to Arkham monitoring, Grayscale transferred 1768 BTC to Coinbase Prime deposit address 20 minutes ago, and transferred 2664 BTC to two new addresses.
#PEPE🔥🔥

Bitcoin's price has seen double-digit gains in the past week due to institutional demand, as evidenced by major inflows to spot Bitcoin ETFs. This has led to a drop in retail participation during the ongoing rally. Crypto analyst Ali Martinez suggests that this indicates a potential reconfiguration of market dynamics as institutional interest takes center stage. Despite expectations of a supply shortage due to heightened demand from US spot Bitcoin ETFs, liquidity in the cryptocurrency market has actually improved since their introduction. However, there is a surplus of tokens circulating within the market and selling pressure may increase due to court rulings permitting companies to liquidate their GBTC holdings and miners increasing their selling activity.
#PEPE🔥🔥

James Murphy, founder and chairman of the financial services law firm Murphy & McGonigle, posted on social media that if the spot Bitcoin ETFs are all rejected, the applicants will sue the US Securities and Exchange Commission, and the SEC may lose the case, so the court may once again rule that its decision is "arbitrary and capricious" as in the previous Grayscale case. James Murphy added that the SEC has no legitimate reason to reject these applications, and all possible reasons to reject the asset management company's application have already been given in the Grayscale case, but they still lost.
#PEPE🔥🔥

Ethereum Attestation Service EAS has announced the establishment of the "Attestation Fellowship" builder program on X platform. The program lasts for 6 weeks, and selected teams can launch proof products, including knowledge tracing, reputation systems, data markets, content authenticity, voting systems, audit verification, mortgage loans, RWA verification, etc. Early founders or teams who have not yet received financing can submit applications before February 18th. About 10 teams will officially enter the program at the end of February. It is reported that the program does not provide direct investment and does not guarantee any investment from partners.
#PEPE🔥🔥

#PEPE🔥🔥 pricing, which has been caught in a rut, has been defeated by #Solana memecoin #BONK , whose market valuation has tripled in the past 48 hours.
A coin based on the Solana meme BONK is now the third largest meme coin in the world, surpassing PEPE in terms of its market value.
Over the past two days, the market value of BONK has increased by more than three times, going from $500 million to $1.6 billion.
When the meme currency was all the rage in the second quarter, the price of PEPE gained a significant amount. On the other hand, the appearance of BONK has led to a reduction in all of the growth that the former experienced. In addition, PEPE is seeing a rise in the overall adverse attitude, which would result in a decrease in price.
PEPE is defeated by BONK.
Up until forty-eight hours ago, PEPE was the third largest meme currency in the world, after Dogecoin and Shiba Inu. However, SOLANA-based BONK is quickly becoming a fan favorite as a result of the possibility that it could be listed on Coinbase.
When compared to the previous two days, the market value of BONK has increased by more than three times, going from $500 million to $1.6 billion. The market capitalization of PEPE has not been able to rise over $600 million for the entirety of this time period.
The price of BONK has increased by more than 65 percent in the past twenty-four hours, and despite the fact that the rally is the result of an important external reason, it is still higher than PEPE. It is because of the weak fundamentals that the latter meme currency did not see such support during the period when it was at its pinnacle in the second and third quarters. This is the reason why this is the case.
The PEPE pricing does not show any signs of increase.
The price of PEPE has not only lost the positive momentum that it had in December, but it has also failed to show any meaningful advance in the thirty days that have already passed. The cryptocurrency, which is currently trading at $0.000001437, has had a small growth of 25%, but the majority of other cryptocurrencies have seen huge increases in value within the same time period.
In spite of the fact that the PEPE price thrives on broader market signals, it would require assistance from the market in order to keep its bullishness. PEPE is experiencing a growing bearishness, as seen by the arrival of a red bar on the Moving Average Convergence Divergence (MACD) indicator. This is shown by the fact that the MACD indicator is showing a bearish trend.
The alternative cryptocurrency is now trading at a level that is above the critical support line of $0.000001371, and it is feasible for it to break through this line and test either $0.000001222 or $0.000001076.
Nevertheless, the price of PEPE might reach $0.000001570 if the people who are passionate about the PEPE meme decide to acquire more of the cryptocurrency in order to infuse it with bullishness once more. In the event that this barrier is breached, the bearish thesis would be rendered worthless, and PEPE would be pushed closer to $0.000001715.