CRYPTO BREAKING NEWS! (06/8/24)

✦ Bitcoin Whales Increase Holdings Amid Market Downturn. on August 6, IntoTheBlock reported that wallets holding between 1,000 to 10,000 BTC have shown confidence during the recent market downturn by continuously increasing their holdings. As of August 4, these large holders, often referred to as 'whales,' collectively possess 4.79 million BTC.

✦ Whale Sells MKR Tokens at Significant Loss. an on-chain analyst @ai_9684xtpa has reported that a whale who purchased MKR tokens at an average price of $3,117 in April has recently sold off their holdings, incurring an estimated loss of approximately $3.95 million. The whale had withdrawn 3,290.93 MKR tokens, valued at $10.26 million, from FalconX between April 16 and April 18. Three weeks ago, the tokens were transferred to the address 0xb7f...4c0Cb and were deposited into an exchange six hours ago, resulting in a nearly 39% loss.