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๐ŸŽ‰๐Ÿš€Whale alert!๐Ÿณ Ethereum (ETH) is catching the eye of the big fish in the crypto sea, despite its recent slowdown and price remaining below $4,000. According to Glassnode data, there's been a significant rise in Ethereum addresses holding 10,000 or more ETH. This shift from selling to accumulation suggests that these whales are bullish on ETH's long-term potential.๐Ÿ’ช๐Ÿ“ˆ Santiment's report revealed that wallets with at least 10,000 ETH have accumulated 21.39 million ETH over the past 14 months, a whopping 27% increase in their assets. This accumulation trend mirrors Ethereum's price movements and is a positive indicator for the altcoin.๐Ÿ‘€๐Ÿ’ฐ Interestingly, ETH has outperformed BTC over the past month, following the US SEC's approval of the first spot Ethereum ETFs. This has led to the highest mass whale transaction spikes of the year. As long as this cohort of wallets holding 10,000 or more ETH keeps growing, ETH prices may continue to outshine Bitcoin.๐ŸŒŸ๐Ÿš€ In other news, Singapore's DBS Bank has been identified as an ETH whale by blockchain analysis firm Nansen. The bank's wallet holds 173,753 ETH, valued at approximately $650 million. Although DBS Bank hasn't confirmed ownership, it's speculated that the ETH is held on behalf of investors via DBS's digital exchange.๐Ÿฆ๐Ÿ’ผ So, keep your eyes on Ethereum, folks! It seems the whales are betting big on this altcoin.๐Ÿณ๐ŸŽฒ๐Ÿš€

๐ŸŽ‰๐Ÿš€Whale alert!๐Ÿณ Ethereum (ETH) is catching the eye of the big fish in the crypto sea, despite its recent slowdown and price remaining below $4,000. According to Glassnode data, there's been a significant rise in Ethereum addresses holding 10,000 or more ETH. This shift from selling to accumulation suggests that these whales are bullish on ETH's long-term potential.๐Ÿ’ช๐Ÿ“ˆ

Santiment's report revealed that wallets with at least 10,000 ETH have accumulated 21.39 million ETH over the past 14 months, a whopping 27% increase in their assets. This accumulation trend mirrors Ethereum's price movements and is a positive indicator for the altcoin.๐Ÿ‘€๐Ÿ’ฐ

Interestingly, ETH has outperformed BTC over the past month, following the US SEC's approval of the first spot Ethereum ETFs. This has led to the highest mass whale transaction spikes of the year. As long as this cohort of wallets holding 10,000 or more ETH keeps growing, ETH prices may continue to outshine Bitcoin.๐ŸŒŸ๐Ÿš€

In other news, Singapore's DBS Bank has been identified as an ETH whale by blockchain analysis firm Nansen. The bank's wallet holds 173,753 ETH, valued at approximately $650 million. Although DBS Bank hasn't confirmed ownership, it's speculated that the ETH is held on behalf of investors via DBS's digital exchange.๐Ÿฆ๐Ÿ’ผ

So, keep your eyes on Ethereum, folks! It seems the whales are betting big on this altcoin.๐Ÿณ๐ŸŽฒ๐Ÿš€

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๐Ÿš€๐Ÿš€Buckle up, Bitcoin enthusiasts! The XRP Ledger (XRPL) is making some serious waves! ๐ŸŒŠ๐ŸŒŠ According to Messari's latest report, the network activity of XRPL has surged across nearly all metrics, with active addresses and transactions increasing by a whopping 37% and 113% quarter-over-quarter (QoQ), respectively. ๐Ÿ“ˆ๐Ÿ“ˆ This activity surge is largely due to a group of around 45,000 accounts, which collectively sent over 30 million transactions to a single account, primarily for inscription-related activities. ๐Ÿ“๐Ÿ“ Inscriptions, a transaction type that gained popularity on Bitcoin in early 2023, have since spread to other major networks, including XRPL, often causing significant activity spikes. ๐ŸŽ†๐ŸŽ† Despite the high transaction volumes, XRPL demonstrated resilience, handling over 80 transactions per second for an entire day without network issues. The total number of accounts rose by 150,000, a 3.1% increase to 5.15 million. ๐Ÿš€๐Ÿš€ Meanwhile, the total market cap of fungible tokens, referred to as Issued Currencies, fell by 16% QoQ to $142 million. Among the over 3,300 assets listed on the XRPL, Sologenic (SOLO) was the leading token, making up 42% of the total market cap. ๐Ÿ†๐Ÿ† Stablecoins and wrapped tokens are notably popular on XRPL when measured by the number of holders, in comparison to other tokens. Ripple's recent announcement to launch a USD-pegged stablecoin on both the XRPL and Ethereum could potentially trigger a significant liquidity event. ๐Ÿ’ฐ๐Ÿ’ฐ Stay tuned, Bitcoin fans! The crypto world is full of surprises! ๐ŸŽ‰๐ŸŽ‰
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๐Ÿš€๐Ÿ’ฅ Bitcoin (BTC) enthusiasts, brace yourselves! After a few days of sideways trading, BTC took a dip on Friday, hitting a weekly low of around $66,600. But don't fret, it bounced back by roughly a grand. ๐Ÿ“ˆ๐Ÿ’ช The altcoins, on the other hand, are having a slow day. Ethereum (ETH) gained about 1% and is closing in on the $3,800 mark. ๐Ÿข๐Ÿ’ค BTC started the business week with bulls in control, pushing the price from under $69,000 to a weekly high of over $70,500. ๐Ÿ‚๐Ÿ’จ But the landscape changed and BTC slumped by more than three grand by Tuesday. The price remained in a range between $67,000 and $69,000 for the rest of the week, with a short-lived attempt to overcome the latter on Thursday. But the bulls are back! BTC spiked by roughly $1,000 and now sits between $67,500 and $68,000. ๐ŸŽข๐Ÿ” BTC's market capitalization has slipped to $1.330 trillion, and its dominance over the alts is holding steady at 50% on CG. ๐ŸŒ๐Ÿ’ผ As for the weekend, the price actions have diminished. Ethereum is up by around 1% and now sits close to $3,800. Other altcoins like BNB, SOL, XRP, ADA, and DOT have insignificant gains, while LINK and PEPE have increased by around 3-4% in a day. ๐ŸŒ๐ŸŽˆ In contrast, SHIB slumped by almost 3%, while UNI slumped by 6% and is close to breaking below $10. The total crypto market cap has seen about $20 billion gone in a day and is down to $2.660 trillion. ๐Ÿ“‰๐Ÿ”ป Stay tuned for more BTC updates! ๐Ÿš€๐ŸŒ™
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