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32.74 Trillion Shiba Inu Moved to an Unknown Wallet: What Happened?Massive Transfer from Crypto.com to an Unknown Wallet Crypto.com, a major cryptocurrency exchange, conducted a massive transfer of 32.74 trillion Shiba Inu tokens to an unidentified wallet, surprising the SHIB community. The transfer was detected by the blockchain tracking platform Whale Alert, which reported multiple transactions between Crypto.com’s hot wallet and the unknown address. Details of the Transactions The first recorded transfer involved 1.634 trillion SHIB, moved from Crypto.com’s hot wallet “0xf2B0” to the address “0xa23f.” This transaction, valued at $39 million, took place on Tuesday at 13:47 (UTC). Whale Alert also noted repeated transactions of the same amount five times within a single hour. In total, the exchange carried out 20 similar transfers to the same destination address, accumulating to 32.74 trillion SHIB tokens worth approximately $390.39 million. Analysis Reveals Internal Transfers According to an on-chain analysis by The Crypto Basic, these were internal transfers conducted by Crypto.com. Data from Arkham identified the recipient address as a deposit address belonging to the exchange. Such internal movements are standard practice for major trading platforms to optimize liquidity and enhance the security of their funds. SHIB Community’s Reactions The magnitude of these transfers sparked mixed reactions within the Shiba Inu community. Some users questioned the purpose behind such large transactions, while others speculated about a potential hack of Crypto.com. Meanwhile, some interpreted the event as evidence of whale accumulation, where large investors are acquiring substantial amounts of SHIB tokens. Market Decline and Impact on SHIB Price The transfer of 32.74 trillion SHIB coincided with a downturn in the cryptocurrency market. Shiba Inu's price dropped by nearly 10% on Tuesday, with the bearish trend continuing into Wednesday, as the token’s value fell another 1.24% to $0.00002151. Conclusion While the massive transactions led to speculation, analysis indicates that they were routine internal transfers by Crypto.com. Nonetheless, the event drew significant attention, highlighting the importance of liquidity and security within the cryptocurrency ecosystem. #SHIB , #CryptoTransactions , #CryptoMarketMoves , #memecoin🚀🚀🚀 , #CryptoWhales Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies! Notice: ,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

32.74 Trillion Shiba Inu Moved to an Unknown Wallet: What Happened?

Massive Transfer from Crypto.com to an Unknown Wallet
Crypto.com, a major cryptocurrency exchange, conducted a massive transfer of 32.74 trillion Shiba Inu tokens to an unidentified wallet, surprising the SHIB community. The transfer was detected by the blockchain tracking platform Whale Alert, which reported multiple transactions between Crypto.com’s hot wallet and the unknown address.
Details of the Transactions
The first recorded transfer involved 1.634 trillion SHIB, moved from Crypto.com’s hot wallet “0xf2B0” to the address “0xa23f.” This transaction, valued at $39 million, took place on Tuesday at 13:47 (UTC). Whale Alert also noted repeated transactions of the same amount five times within a single hour.

In total, the exchange carried out 20 similar transfers to the same destination address, accumulating to 32.74 trillion SHIB tokens worth approximately $390.39 million.
Analysis Reveals Internal Transfers
According to an on-chain analysis by The Crypto Basic, these were internal transfers conducted by Crypto.com. Data from Arkham identified the recipient address as a deposit address belonging to the exchange. Such internal movements are standard practice for major trading platforms to optimize liquidity and enhance the security of their funds.
SHIB Community’s Reactions
The magnitude of these transfers sparked mixed reactions within the Shiba Inu community. Some users questioned the purpose behind such large transactions, while others speculated about a potential hack of Crypto.com. Meanwhile, some interpreted the event as evidence of whale accumulation, where large investors are acquiring substantial amounts of SHIB tokens.
Market Decline and Impact on SHIB Price
The transfer of 32.74 trillion SHIB coincided with a downturn in the cryptocurrency market. Shiba Inu's price dropped by nearly 10% on Tuesday, with the bearish trend continuing into Wednesday, as the token’s value fell another 1.24% to $0.00002151.
Conclusion
While the massive transactions led to speculation, analysis indicates that they were routine internal transfers by Crypto.com. Nonetheless, the event drew significant attention, highlighting the importance of liquidity and security within the cryptocurrency ecosystem.

#SHIB , #CryptoTransactions , #CryptoMarketMoves , #memecoin🚀🚀🚀 , #CryptoWhales

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Ripple Executes Massive $682 Million XRP TransferAccording to data from Whale Alert, a platform that tracks large cryptocurrency transactions, San Francisco-based blockchain company Ripple recently transferred $682 million worth of XRP to an unknown wallet. This marks the first significant transaction by the company since December 21, when Ripple moved over $200 million worth of XRP in two separate transactions. This latest transfer surpasses the total amount of XRP the company sent during the entire month of December. Ripple Holds Over $100 Billion in XRP Ripple CEO Brad Garlinghouse recently confirmed that the company holds over $100 billion worth of XRP. According to him, this should be factored into the valuation of Ripple as a private company. XRP Rally Stalls, Market Seeks New Momentum During the fourth quarter of 2024, XRP experienced massive growth, enabling Ripple co-founder Chris Larsen to increase his net worth by $6 billion in under two months. However, as 2025 begins, the token has struggled to replicate its previous rally. This is largely due to overall weakness in the cryptocurrency market, driven by bitcoin's underwhelming performance. According to data from CoinGecko, XRP is currently trading at $2.30, reflecting a decline of over 6% in the past 24 hours. The Future of XRP: ETF as a Potential Growth Catalyst Ripple President Monica Long recently predicted that XRP could become the next cryptocurrency to secure a spot exchange-traded fund (ETF) in the U.S., following bitcoin and ethereum. Such a development could provide a significant bullish tailwind for the token and revitalize its momentum. #CryptoTransactions , #xrp , #Ripple , #CryptoWhale , #CryptoMarket Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies! Notice: ,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Ripple Executes Massive $682 Million XRP Transfer

According to data from Whale Alert, a platform that tracks large cryptocurrency transactions, San Francisco-based blockchain company Ripple recently transferred $682 million worth of XRP to an unknown wallet. This marks the first significant transaction by the company since December 21, when Ripple moved over $200 million worth of XRP in two separate transactions.
This latest transfer surpasses the total amount of XRP the company sent during the entire month of December.
Ripple Holds Over $100 Billion in XRP
Ripple CEO Brad Garlinghouse recently confirmed that the company holds over $100 billion worth of XRP. According to him, this should be factored into the valuation of Ripple as a private company.
XRP Rally Stalls, Market Seeks New Momentum
During the fourth quarter of 2024, XRP experienced massive growth, enabling Ripple co-founder Chris Larsen to increase his net worth by $6 billion in under two months.
However, as 2025 begins, the token has struggled to replicate its previous rally. This is largely due to overall weakness in the cryptocurrency market, driven by bitcoin's underwhelming performance.
According to data from CoinGecko, XRP is currently trading at $2.30, reflecting a decline of over 6% in the past 24 hours.
The Future of XRP: ETF as a Potential Growth Catalyst
Ripple President Monica Long recently predicted that XRP could become the next cryptocurrency to secure a spot exchange-traded fund (ETF) in the U.S., following bitcoin and ethereum. Such a development could provide a significant bullish tailwind for the token and revitalize its momentum.

#CryptoTransactions , #xrp , #Ripple , #CryptoWhale , #CryptoMarket

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Fidelity Transfers Nearly 65,000 ETH to Coinbase in 34 HoursAsset management giant Fidelity recently moved 64,997 Ethereum, valued at $213 million, to Coinbase. This large transfer has sparked speculation about a potential sell-off, especially amid Ethereum's recent price decline. Ethereum Faces Price Drops Ethereum, like many other cryptocurrencies, has seen significant price reductions. Over three days, it lost 13% of its value, erasing all gains made earlier in the month. This decline has led major holders to transfer substantial amounts of ETH to exchanges, contributing to bearish momentum. Cumberland Assists Fidelity with ETH Transfers According to data from Lookonchain, cited by analytics firm Arkham, Fidelity completed this transfer with the assistance of Cumberland, a liquidity provider for its Ether spot ETF. The transfers included: January 8: Movement of 20,000 ETH ($66.62 million).The following day: Another transfer of 11,250 ETH ($36.94 million) to an address labeled Cumberland DRW.By 19:35 UTC: Two transactions to Coinbase totaling 22,500 ETH ($73 million). As of this writing, the address still holds 1,474 ETH, valued at approximately $4.8 million. Other Major Players Selling Ethereum The Ethereum Foundation also participated in the ongoing ETH sell-off. Data reveals that the foundation sold 100 ETH via the CoW protocol when Ethereum was trading at $3,363 per coin. In return, it received 336,300 DAI, which was transferred to another wallet tied to the foundation. These activities have raised concerns about further price declines, potentially jeopardizing short-term market recovery expectations. Fidelity Remains Bullish on Long-Term Growth Despite recent sales, Fidelity maintains a positive outlook on Ethereum's future. In its report, "2025 Look Ahead," the company highlights the growth potential of the two leading cryptocurrencies, Bitcoin and Ethereum. The report focuses on the benefits of the Deneb-Cancun upgrade, the importance of Layer 2 solutions for Ethereum, and other planned upgrades. Fidelity also compares Ethereum with Solana, emphasizing Ethereum's advantages in Total Value Locked (TVL) and developer preference, even amid Solana's recent successes in on-chain activity and yields. #ETH , #Ethereum , #CryptoTransactions , #CryptoMarketMoves , #CryptoNewss Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies! Notice: ,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Fidelity Transfers Nearly 65,000 ETH to Coinbase in 34 Hours

Asset management giant Fidelity recently moved 64,997 Ethereum, valued at $213 million, to Coinbase. This large transfer has sparked speculation about a potential sell-off, especially amid Ethereum's recent price decline.
Ethereum Faces Price Drops
Ethereum, like many other cryptocurrencies, has seen significant price reductions. Over three days, it lost 13% of its value, erasing all gains made earlier in the month. This decline has led major holders to transfer substantial amounts of ETH to exchanges, contributing to bearish momentum.
Cumberland Assists Fidelity with ETH Transfers
According to data from Lookonchain, cited by analytics firm Arkham, Fidelity completed this transfer with the assistance of Cumberland, a liquidity provider for its Ether spot ETF. The transfers included:
January 8: Movement of 20,000 ETH ($66.62 million).The following day: Another transfer of 11,250 ETH ($36.94 million) to an address labeled Cumberland DRW.By 19:35 UTC: Two transactions to Coinbase totaling 22,500 ETH ($73 million).
As of this writing, the address still holds 1,474 ETH, valued at approximately $4.8 million.

Other Major Players Selling Ethereum
The Ethereum Foundation also participated in the ongoing ETH sell-off. Data reveals that the foundation sold 100 ETH via the CoW protocol when Ethereum was trading at $3,363 per coin. In return, it received 336,300 DAI, which was transferred to another wallet tied to the foundation.
These activities have raised concerns about further price declines, potentially jeopardizing short-term market recovery expectations.

Fidelity Remains Bullish on Long-Term Growth
Despite recent sales, Fidelity maintains a positive outlook on Ethereum's future. In its report, "2025 Look Ahead," the company highlights the growth potential of the two leading cryptocurrencies, Bitcoin and Ethereum.
The report focuses on the benefits of the Deneb-Cancun upgrade, the importance of Layer 2 solutions for Ethereum, and other planned upgrades. Fidelity also compares Ethereum with Solana, emphasizing Ethereum's advantages in Total Value Locked (TVL) and developer preference, even amid Solana's recent successes in on-chain activity and yields.

#ETH , #Ethereum , #CryptoTransactions , #CryptoMarketMoves , #CryptoNewss

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Binance Pay расширяет возможности для пользователей 💳🌍 Binance Pay продолжает развивать свою сеть, добавляя новые магазины и сервисы, где можно оплачивать покупки криптовалютой. Теперь пользователи могут использовать Binance Pay в ещё большем числе стран и у множества партнёров по всему миру. Что нового? ☑️Поддержка более 100 новых торговых точек и онлайн-платформ. ☑️Упрощённая система оплаты: теперь достаточно выбрать Binance Pay как метод оплаты, и деньги списываются мгновенно с криптовалютного кошелька. ☑️Binance обещает расширять партнёрскую сеть, чтобы сделать криптовалютные платежи доступными в повседневной жизни. Система продолжает быть удобной и выгодной для пользователей, помогая популяризировать использование криптовалют в реальной экономике. «Мы видим большой потенциал в глобальном использовании криптовалютных платежей, и Binance Pay является ключевым шагом в этом направлении», — отметил представитель компании. #BinancePay #Криптоплатежи #криптовалюта #BinancePayments #CryptoTransactions
Binance Pay расширяет возможности для пользователей 💳🌍

Binance Pay продолжает развивать свою сеть, добавляя новые магазины и сервисы, где можно оплачивать покупки криптовалютой. Теперь пользователи могут использовать Binance Pay в ещё большем числе стран и у множества партнёров по всему миру.

Что нового?

☑️Поддержка более 100 новых торговых точек и онлайн-платформ.

☑️Упрощённая система оплаты: теперь достаточно выбрать Binance Pay как метод оплаты, и деньги списываются мгновенно с криптовалютного кошелька.

☑️Binance обещает расширять партнёрскую сеть, чтобы сделать криптовалютные платежи доступными в повседневной жизни.

Система продолжает быть удобной и выгодной для пользователей, помогая популяризировать использование криптовалют в реальной экономике.

«Мы видим большой потенциал в глобальном использовании криптовалютных платежей, и Binance Pay является ключевым шагом в этом направлении», — отметил представитель компании.

#BinancePay #Криптоплатежи #криптовалюта #BinancePayments #CryptoTransactions
Whales Bet Big on Solana: What Are Their Goals?Major Whale Movements on Solana Suggest Future Growth Significant deposits and withdrawals by key players like Pump.fun indicate that large investors are paving the way for Solana's (SOL) price growth. Pump.fun deposited 798,869 SOL worth approximately $154 million on the Kraken exchange while selling 264,373 SOL for $41.64 million USDC. Other whales have withdrawn over 250,000 SOL in the past month, highlighting efforts to manage liquidity and influence market conditions. The accumulation of SOL could reduce circulating supply, stabilizing prices and driving growth. This move suggests that whales are betting on Solana’s future price surge. Solana's Network Speed Surpasses 1,300 TPS One of Solana’s standout features is its incredible speed. The network processes over 1,300 transactions per second (TPS), showcasing its capability to support large-scale decentralized applications and meet user demands. This milestone underscores Solana's technical prowess in blockchain networks, enabling efficient scalability and increasing its appeal to developers and users. As a result, Solana solidifies its position as one of the most powerful blockchains in the market. Price Action: Solana Targets $280 On the four-hour chart, SOL is consolidating in a critical range between $238.20 and $239.12, with a bullish trend signaling potential resistance at $242.10. If Solana continues its upward momentum, the target price of $280 represents a key threshold for further growth. Technical indicators such as MACD and stochastic RSI point to buying pressure, although a minor short-term dip is possible. However, the price remains bullish, indicating the potential for further strengthening. Solana: Ready for the Future With growing adoption and innovations like high TPS, Solana is cementing its position in the market. Its infrastructure and technological advantage attract new projects and support decentralized applications, affirming its status as a leader in the blockchain space. #Solana_Blockchain , #cryptowhales , #whalesclub , #CryptoNewss , #CryptoTransactions Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies! Notice: ,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Whales Bet Big on Solana: What Are Their Goals?

Major Whale Movements on Solana Suggest Future Growth
Significant deposits and withdrawals by key players like Pump.fun indicate that large investors are paving the way for Solana's (SOL) price growth. Pump.fun deposited 798,869 SOL worth approximately $154 million on the Kraken exchange while selling 264,373 SOL for $41.64 million USDC. Other whales have withdrawn over 250,000 SOL in the past month, highlighting efforts to manage liquidity and influence market conditions.

The accumulation of SOL could reduce circulating supply, stabilizing prices and driving growth. This move suggests that whales are betting on Solana’s future price surge.

Solana's Network Speed Surpasses 1,300 TPS
One of Solana’s standout features is its incredible speed. The network processes over 1,300 transactions per second (TPS), showcasing its capability to support large-scale decentralized applications and meet user demands.
This milestone underscores Solana's technical prowess in blockchain networks, enabling efficient scalability and increasing its appeal to developers and users. As a result, Solana solidifies its position as one of the most powerful blockchains in the market.

Price Action: Solana Targets $280
On the four-hour chart, SOL is consolidating in a critical range between $238.20 and $239.12, with a bullish trend signaling potential resistance at $242.10. If Solana continues its upward momentum, the target price of $280 represents a key threshold for further growth.

Technical indicators such as MACD and stochastic RSI point to buying pressure, although a minor short-term dip is possible. However, the price remains bullish, indicating the potential for further strengthening.
Solana: Ready for the Future
With growing adoption and innovations like high TPS, Solana is cementing its position in the market. Its infrastructure and technological advantage attract new projects and support decentralized applications, affirming its status as a leader in the blockchain space.

#Solana_Blockchain , #cryptowhales , #whalesclub , #CryptoNewss , #CryptoTransactions

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Crypto Trader Earns $8.3 Million in 18 Hours Trading $SHIRORapid Profit Through $SHIRO Trading A well-known crypto trader, nicknamed sniper, earned an astounding $8.3 million in just 18 hours by trading $SHIRO tokens. This impressive profit came shortly after the Shiro Neko team announced the contract address for $SHIRO. Using nine crypto wallets, the sniper purchased 18 trillion $SHIRO for 41.48 ETH, equivalent to approximately $151,000. According to data analysis by Lookonchain, these purchases occurred almost immediately after the contract address was announced. Sniper Sells $SHIRO for Over $8 Million Following this massive purchase, the sniper sold 15.6 trillion $SHIRO for 2,319 ETH, amounting to $8.44 million. The contract address was officially announced on December 2, 2024, at 20:03 UTC, but records show that several wallets had already purchased $SHIRO before the public announcement. This raises concerns about potential use of insider information. Market Volatility and Questions of Fairness This event highlights the fast-paced and highly volatile nature of the crypto market but also raises questions about fairness and transparency. Competing in such an environment can be challenging, especially for regular traders without access to privileged information. The incident underscores the need for better regulation of crypto trading, ensuring equal access to information for all participants. Fair practices could help build trust and integrity in the market. $SHIRO as an Example of High Risk and Reward The rapid rise and subsequent drop in $SHIRO’s value illustrate that cryptocurrencies are a space of significant opportunities but also substantial risks. For investors, it’s a reminder that success in the crypto market often requires speed, knowledge, and a willingness to face high volatility. #Cryptotraders , #CryptoNewss , #CryptoTransactions ,#memecoin🚀🚀🚀 , #shiro Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies! Notice: ,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Crypto Trader Earns $8.3 Million in 18 Hours Trading $SHIRO

Rapid Profit Through $SHIRO Trading
A well-known crypto trader, nicknamed sniper, earned an astounding $8.3 million in just 18 hours by trading $SHIRO tokens. This impressive profit came shortly after the Shiro Neko team announced the contract address for $SHIRO.
Using nine crypto wallets, the sniper purchased 18 trillion $SHIRO for 41.48 ETH, equivalent to approximately $151,000. According to data analysis by Lookonchain, these purchases occurred almost immediately after the contract address was announced.

Sniper Sells $SHIRO for Over $8 Million
Following this massive purchase, the sniper sold 15.6 trillion $SHIRO for 2,319 ETH, amounting to $8.44 million. The contract address was officially announced on December 2, 2024, at 20:03 UTC, but records show that several wallets had already purchased $SHIRO before the public announcement. This raises concerns about potential use of insider information.
Market Volatility and Questions of Fairness
This event highlights the fast-paced and highly volatile nature of the crypto market but also raises questions about fairness and transparency. Competing in such an environment can be challenging, especially for regular traders without access to privileged information.
The incident underscores the need for better regulation of crypto trading, ensuring equal access to information for all participants. Fair practices could help build trust and integrity in the market.
$SHIRO as an Example of High Risk and Reward
The rapid rise and subsequent drop in $SHIRO’s value illustrate that cryptocurrencies are a space of significant opportunities but also substantial risks. For investors, it’s a reminder that success in the crypto market often requires speed, knowledge, and a willingness to face high volatility.

#Cryptotraders , #CryptoNewss , #CryptoTransactions ,#memecoin🚀🚀🚀 , #shiro

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,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Record Cryptocurrency Trading Volume in South Korea During Martial LawHistoric Trading Amidst Martial Law On December 4rd, South Korea experienced a record-breaking cryptocurrency trading volume, reaching $34.2 billion within 24 hours. This surge occurred during a six-hour period of martial law declared by President Yoon Suk-yeol. According to CoinMarketCap, leading South Korean exchanges such as Upbit, Bithumb, Coinone, Korbit, and Gopax contributed to this unprecedented volume. Upbit, the largest exchange in the country, alone processed $27.25 billion worth of cryptocurrencies. A Doubling of Trading Volume from the Previous Day This 24-hour record nearly doubled the trading volume from December 2nd, which had already garnered attention with $18 billion in transactions, surpassing the daily turnover of the South Korean stock market. Tuesday’s trading activity marked the highest single-day total for 2024, according to the local news portal Digital Asset. Political Crisis as a Catalyst for Trading Investor panic was triggered after President Yoon declared martial law, aiming to "protect democracy" from alleged anti-state activities linked to the opposition leftist party. Local traders rushed to sell off their cryptocurrencies, leading to significant price drops on South Korean exchanges. For example, the price of Bitcoin on Upbit temporarily plunged to 88 million won (approximately $62,182). Similar declines were seen in other cryptocurrencies, while exchanges struggled with technical outages due to a massive surge in user activity. Situation Stabilizes as Martial Law is Lifted President Yoon lifted martial law after six hours, following a unanimous decision by lawmakers at an emergency session. Cryptocurrency prices subsequently stabilized, and exchanges resumed normal operations. Opposition Response and Political Fallout The opposition party announced plans to charge President Yoon, the Minister of Defense, and the Minister of the Interior with treason. They are also seeking their removal from office. Speculations About the President's Future On the decentralized prediction market platform Polymarket, speculations about President Yoon's potential departure surged. The likelihood of him leaving office this year temporarily spiked to 78% before dropping back to 47%. If he serves his full term, Yoon's presidency is set to end in May 2027. This event highlights the significant impact political crises can have on markets, particularly in countries with active cryptocurrency trading. #SouthKorea , #Cryptocurrencies ,#CryptoNewss , #CryptoTransactions , #BTC☀ Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies! Notice: ,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Record Cryptocurrency Trading Volume in South Korea During Martial Law

Historic Trading Amidst Martial Law
On December 4rd, South Korea experienced a record-breaking cryptocurrency trading volume, reaching $34.2 billion within 24 hours. This surge occurred during a six-hour period of martial law declared by President Yoon Suk-yeol.
According to CoinMarketCap, leading South Korean exchanges such as Upbit, Bithumb, Coinone, Korbit, and Gopax contributed to this unprecedented volume. Upbit, the largest exchange in the country, alone processed $27.25 billion worth of cryptocurrencies.
A Doubling of Trading Volume from the Previous Day
This 24-hour record nearly doubled the trading volume from December 2nd, which had already garnered attention with $18 billion in transactions, surpassing the daily turnover of the South Korean stock market. Tuesday’s trading activity marked the highest single-day total for 2024, according to the local news portal Digital Asset.
Political Crisis as a Catalyst for Trading
Investor panic was triggered after President Yoon declared martial law, aiming to "protect democracy" from alleged anti-state activities linked to the opposition leftist party. Local traders rushed to sell off their cryptocurrencies, leading to significant price drops on South Korean exchanges.
For example, the price of Bitcoin on Upbit temporarily plunged to 88 million won (approximately $62,182). Similar declines were seen in other cryptocurrencies, while exchanges struggled with technical outages due to a massive surge in user activity.
Situation Stabilizes as Martial Law is Lifted
President Yoon lifted martial law after six hours, following a unanimous decision by lawmakers at an emergency session. Cryptocurrency prices subsequently stabilized, and exchanges resumed normal operations.
Opposition Response and Political Fallout
The opposition party announced plans to charge President Yoon, the Minister of Defense, and the Minister of the Interior with treason. They are also seeking their removal from office.
Speculations About the President's Future
On the decentralized prediction market platform Polymarket, speculations about President Yoon's potential departure surged. The likelihood of him leaving office this year temporarily spiked to 78% before dropping back to 47%. If he serves his full term, Yoon's presidency is set to end in May 2027.
This event highlights the significant impact political crises can have on markets, particularly in countries with active cryptocurrency trading.

#SouthKorea , #Cryptocurrencies ,#CryptoNewss , #CryptoTransactions , #BTC☀

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
US Government Moves $33 Million in Seized Crypto from FTX to Unknown AddressesThe US government has transferred cryptocurrencies worth $33.6 million from wallets labeled as "FTX Alameda Seised Funds" to two unidentified addresses. These funds were confiscated from the collapsed crypto exchange FTX and its trading firm Alameda. Crypto Transfers in Multiple Transactions On Tuesday, the government carried out several transactions, including: 5,024 ETH (worth approximately $18 million) to addresses starting with "0x9cd" and "0x9ac."Other tokens worth $13 million, including BUSD, SHIB, and various others such as AERGO, POWR, AXS, YFI, WBTC, NMR, COMP, SRM, and RLC. Crypto Market Rally The transfers coincided with a notable rally in the cryptocurrency market. Ethereum (ETH) increased by 0.3% in the past 24 hours, trading at $3,643, a significant rise from $2,460 a month ago. Record On-Chain Ethereum Volume November saw Ethereum achieve its highest on-chain transaction volume of 2023, reaching $183.74 billion. This growth is attributed to a shift in capital from centralized exchanges (CEX) to on-chain activities. According to The Block Research, this trend reflects market participants reallocating their assets across different risk curves to optimize investments amid the current market conditions. #Ftx❓ , #CryptoNewss , #BTC☀ , #CryptoTransactions , #CryptoNewsCommunity Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies! Notice: ,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

US Government Moves $33 Million in Seized Crypto from FTX to Unknown Addresses

The US government has transferred cryptocurrencies worth $33.6 million from wallets labeled as "FTX Alameda Seised Funds" to two unidentified addresses. These funds were confiscated from the collapsed crypto exchange FTX and its trading firm Alameda.
Crypto Transfers in Multiple Transactions
On Tuesday, the government carried out several transactions, including:
5,024 ETH (worth approximately $18 million) to addresses starting with "0x9cd" and "0x9ac."Other tokens worth $13 million, including BUSD, SHIB, and various others such as AERGO, POWR, AXS, YFI, WBTC, NMR, COMP, SRM, and RLC.
Crypto Market Rally
The transfers coincided with a notable rally in the cryptocurrency market. Ethereum (ETH) increased by 0.3% in the past 24 hours, trading at $3,643, a significant rise from $2,460 a month ago.
Record On-Chain Ethereum Volume
November saw Ethereum achieve its highest on-chain transaction volume of 2023, reaching $183.74 billion. This growth is attributed to a shift in capital from centralized exchanges (CEX) to on-chain activities.
According to The Block Research, this trend reflects market participants reallocating their assets across different risk curves to optimize investments amid the current market conditions.

#Ftx❓ , #CryptoNewss , #BTC☀ , #CryptoTransactions , #CryptoNewsCommunity

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
$VIRTUAL Whale Purchases 1.54 Million Tokens for $2.12 Million After 12% Price DipA Significant Purchase Amid Market Volatility A major investor, referred to as a whale, recently made a notable purchase of $VIRTUAL tokens during a downturn in the cryptocurrency market. According to data from Spot On Chain, the investor acquired 1.54 million $VIRTUAL tokens for 575 ETH, equivalent to approximately $2.12 million. This transaction occurred when the token's price dropped by 12%, suggesting the whale's confidence in the asset's future value. Strategic Move Amid Market Correction This whale has a history of actively trading $VIRTUAL tokens, demonstrating a strong preference for this asset. For instance, three days prior to this purchase, the same investor earned $17,000 from a single trade within 24 hours, achieving a 17% profit. However, this latest acquisition is significantly larger, indicating a stronger conviction that $VIRTUAL could rebound or grow further. This purchase follows a recent 137% price surge for the token over the past week, which elevated its popularity in the market. After this rapid growth, the subsequent market correction appears to have provided an opportunity for the whale to accumulate at a lower price point. PnL Metrics Reveal Risks and Losses While this acquisition reflects confidence, on-chain activity metrics show potential risks. The realized loss currently stands at $4,202 (3.54%), while unrealized losses amount to $23,963 (-1.12%). Whale investments, however, are often strategic moves designed to maximize long-term gains. Broader Implications for $VIRTUAL The $VIRTUAL token, closely tied to artificial intelligence, has shown significant price volatility and increasing trading volumes. This whale’s purchase raises questions about whether this marks the start of a value turnaround for the token or if it is part of a speculative play. Traders and analysts continue to closely monitor the token’s activity to determine whether it signals the beginning of a longer bullish trend or if further price fluctuations are on the horizon. Blockchain enthusiasts can track whale movements and related transactions in real-time using Spot On Chain monitoring tools. #cryptowhales , #CryptoMarketTrend , #CryptoTransactions , #CryptoNewss , #Cryptocurrencies Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies! Notice: ,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

$VIRTUAL Whale Purchases 1.54 Million Tokens for $2.12 Million After 12% Price Dip

A Significant Purchase Amid Market Volatility
A major investor, referred to as a whale, recently made a notable purchase of $VIRTUAL tokens during a downturn in the cryptocurrency market. According to data from Spot On Chain, the investor acquired 1.54 million $VIRTUAL tokens for 575 ETH, equivalent to approximately $2.12 million. This transaction occurred when the token's price dropped by 12%, suggesting the whale's confidence in the asset's future value.

Strategic Move Amid Market Correction
This whale has a history of actively trading $VIRTUAL tokens, demonstrating a strong preference for this asset. For instance, three days prior to this purchase, the same investor earned $17,000 from a single trade within 24 hours, achieving a 17% profit. However, this latest acquisition is significantly larger, indicating a stronger conviction that $VIRTUAL could rebound or grow further.
This purchase follows a recent 137% price surge for the token over the past week, which elevated its popularity in the market. After this rapid growth, the subsequent market correction appears to have provided an opportunity for the whale to accumulate at a lower price point.
PnL Metrics Reveal Risks and Losses
While this acquisition reflects confidence, on-chain activity metrics show potential risks. The realized loss currently stands at $4,202 (3.54%), while unrealized losses amount to $23,963 (-1.12%). Whale investments, however, are often strategic moves designed to maximize long-term gains.
Broader Implications for $VIRTUAL
The $VIRTUAL token, closely tied to artificial intelligence, has shown significant price volatility and increasing trading volumes. This whale’s purchase raises questions about whether this marks the start of a value turnaround for the token or if it is part of a speculative play.
Traders and analysts continue to closely monitor the token’s activity to determine whether it signals the beginning of a longer bullish trend or if further price fluctuations are on the horizon. Blockchain enthusiasts can track whale movements and related transactions in real-time using Spot On Chain monitoring tools.

#cryptowhales , #CryptoMarketTrend , #CryptoTransactions , #CryptoNewss , #Cryptocurrencies

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
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