The TON blockchain is experiencing a significant surge in activity, with the Total Value Locked (TVL) surpassing $500 million as Season 4 of the Open League Digest gets underway.

This period has also seen a remarkable influx of over 1,000 applications for The Open League Hackathon, showcasing strong developer interest. Meanwhile, limited early-bird tickets for the Gateway event are now available at discounted prices, adding to the excitement.

The Open League Digest ☕️📖

With Season 4 underway, TVL on #TON has skyrocketed to over $500M. Over 1K applications have been received for The Open League Hackathon, limited early-bird tickets for Gateway are now on sale at a discounted price, and much more! 🚀

Details ➡️… pic.twitter.com/My9O93RXqs

— TON 💎 (@ton_blockchain) June 21, 2024

Binance Confirms Support For $USDT Transactions On The Ton Blockchain 

In a significant development, Binance has announced support for $USDT transactions on the TON blockchain.

This integration allows Binance users greater flexibility in moving stablecoin liquidity onto the TON blockchain, promising to enhance transaction speeds, reduce fees, and offer a cost-effective method for handling $USDT transactions.

⚡️JUST IN: @binance now supports $USDT transactions on the @ton_blockchain. pic.twitter.com/xsnWpW2wUT

— Cointelegraph (@Cointelegraph) June 21, 2024

The move by Binance to leverage the TON blockchain for stablecoin liquidity marks a substantial step forward in improving transaction efficiency and reducing costs for users. This integration underscores Binance’s commitment to advancing blockchain technology for broader accessibility and functionality within the crypto ecosystem.

The collaboration between Binance and the TON blockchain is expected to drive more adoption and usage, highlighting the growing importance of efficient, low-cost transaction solutions in the cryptocurrency space.

As the TON ecosystem continues to expand with initiatives like the Open League Digest and the upcoming Hackathon, the integration of $USDT transactions further solidifies its position as a leading blockchain platform.

This surge in TVL and the strategic moves by major players like Binance demonstrate the increasing confidence and interest in the TON blockchain.

With enhanced transaction capabilities and ongoing community engagement through events and hackathons, TON is well-positioned to continue its upward trajectory, offering robust solutions for both developers and users in the ever-evolving world of cryptocurrencies.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Recent activities by Shiba Inu (SHIB) whales have stirred significant interest and speculation among investors.

These large holders have been transferring substantial amounts of SHIB from exchanges, raising questions about their intentions and the potential impact on the market.

In a notable move, Shiba Inu whales transferred a total of 2.55 trillion SHIB from exchanges. This includes 2.2 trillion SHIB, worth approximately $39.9 million, moved from Robinhood, and 353 billion SHIB, valued at $6.6 million, withdrawn from Binance.

Shiba Inu Whales Withdraw 2,553,827,943,318 SHIB from Exchanges https://t.co/QDMTspArgX

— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) June 21, 2024

Just yesterday, a smart whale made headlines by withdrawing 353.83 billion SHIB (worth $6.6 million) from Binance. This whale now holds a total of 838.87 billion SHIB, valued at $15.5 million, and has realized a profit of $6.12 million on their SHIB holdings.

A smart whale withdrew 353.83B $SHIB($6.6M) from #Binance 45 minutes ago and currently holds 838.87B $SHIB($15.5M).

The whale's profit on $SHIB is $6.12M.https://t.co/2knxKp4yEZ pic.twitter.com/05AQV2zqLw

— Lookonchain (@lookonchain) June 20, 2024

Crypto.com Integrates SHIB And Other Memecoins For Visa Card Payments 

The increasing popularity of Shiba Inu is also evident from its integration into mainstream platforms. Crypto.com has integrated SHIB and other meme coins for its Visa card payments, further boosting the visibility and utility of Shiba Inu.

This integration allows SHIB holders to use their tokens for everyday transactions, enhancing the coin’s appeal and adoption.

#SHIB Shiba Inu: CryptoCOM Includes SHIB For Visa Card Payments

POV : Keep working on adoption . We'll see it's benefits later eventually ! I want to see a viral game app using $SHIB as their currency or #Xpayment 👀https://t.co/ebGi8jENcq

— Lola (@CryptoLollla) June 20, 2024

These developments highlight the growing influence and acceptance of Shiba Inu in the cryptocurrency space.

The significant withdrawals by whales could be seen as a strategic move to hold their assets in more secure environments or prepare for future market actions. Meanwhile, the broader adoption of SHIB, facilitated by platforms like Crypto.com, suggests a positive outlook for the token’s future.

As Shiba Inu continues to gain traction, investors will be keenly watching the actions of large holders and the token’s integration into more financial services, potentially driving further interest and investment in SHIB.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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The post Shiba Inu Whales Withdraw Holdings From Exchanges, Sparking Investor Speculation appeared first on The Merkle News.

DEGEN has recently achieved an impressive ranking, securing the #2 spot across various on-chain metrics for memecoins.

This includes trader numbers and transaction counts, placing DEGEN just behind the renowned Dogecoin (DOGE). This is particularly noteworthy given DEGEN’s market cap stands at a mere 0.79% of Dogecoin’s.

Despite this achievement, DEGEN has seen a significant decline in value. Over the past 24 hours, its value has dropped by 11%, contributing to a total decrease of 27% over the last seven days.

On-chain data reveals that Whale 0x7be offloaded all 40.21 million DEGEN tokens, worth approximately $429,000, in exchange for 122.8 ETH at an average price of $0.01092 per token.

DEGEN Whale Records Notable Loss After Selling Off 

Interestingly, this whale initially acquired the DEGEN tokens with 300 ETH, valued at $891,000, at an average price of $0.0222 each on April 14, 2024.

This recent sale resulted in a substantial loss for the whale. After selling the tokens, the whale recorded a loss of 177.2 ETH, equivalent to around $639,000 or a 59.1% decline over four months.

The fluctuations in DEGEN’s value underscore the volatility inherent in the memecoin market, even as the token garners significant trading activity and transaction volumes.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Address 0x846…f82D7 is suspected to have successfully cleared its 640,000 $RNDR coins acquired five months ago, potentially realizing a profit of $2.25 million.

On January 17, 2024, this address transferred 640,000 RNDR from Binance at an average price of $4.16. For several months, there was no activity involving these holdings. However, just five hours ago, all 640,000 RNDR were transferred to OKX at a price of $7.65.

https://x.com/ai_9684xtpa/status/1803609625071329721?t=5wZwevl-42r7w65tUsz-3A&s=19

$RNDR Boasts Almost 99,059 Holders, Close To A Milestone 

This significant move comes at a time when $RNDR is on the brink of a milestone, with its total number of holders nearing 100,000. Currently, $RNDR has 99,059 holders, just shy of this landmark figure.

$RNDR is less than 1000 holders away from reaching 100,000 holders.

Probably nothing. pic.twitter.com/ddFf7UbKfi

— D0c Crypto ⭕️ (@TheRealD0c) June 20, 2024

The strategic timing of these transactions and the substantial profit realized reflect savvy trading maneuvers by the address 0x846…f82D7, and may inspire confidence among $RNDR holders as the token’s community continues to grow.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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The post Address 0x846…f82D7 Realizes $2.25 Million Profit From $RNDR Amid Growing Holder Base appeared first on The Merkle News.

Dogecoin (DOGE) whales have significantly reduced their positions over the past year. According to the latest analysis by @intotheblock, the largest DOGE holders have cut their share from 45.3% to 41.3%.

Despite this reduction, DOGE has nearly doubled in price within the last 12 months, rising from $0.062 to $0.122.

Dogecoin whales are cutting positions!

-> According to the latest analysis by @intotheblock, the largest $DOGE whales have slashed their share from 45.3% to 41.3% over the past year-> Meanwhile, $DOGE has almost doubled its price within the last 12 months from $0.062 to $0.122 pic.twitter.com/7MhrbUgjIl

— CryptoPotato Official (@Crypto_Potato) June 19, 2024

Hayes’ Wallets Acquires Massive 92,339 PENDLE Tokens

In a related development, Arthur Hayes, founder of BitMex, recently announced via Twitter that he is adding $PENDLE and $DOGE to his investment portfolio. Following this announcement, one of Hayes’ wallets made a substantial purchase of 92,339.6 PENDLE tokens, valued at $554,000, through Wintermute.

Hayes transferred 2.05 million USDC to Wintermute and subsequently received 280 ETH, worth $1 million, and 92,339.6 PENDLE tokens. This move underscores Hayes’ confidence in the potential of these cryptocurrencies.

After Arthur Hayes(@CryptoHayes) tweeted that he is adding $PENDLE and $DOGE to his bags, one of his wallets bought 92,339.6 $PENDLE($554K) through #Wintermute.

He transferred 2.05M $USDC to #Wintermute, then received 280 $ETH($1M) and 92,339.6 $PENDLE($554K).… pic.twitter.com/wo2Sl4245B

— Lookonchain (@lookonchain) June 20, 2024

The strategic decisions by both the Dogecoin whales and Arthur Hayes highlight the dynamic nature of the cryptocurrency market, where major players continually adjust their positions in response to market trends and opportunities.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Ethereum has risen by over 4% today, reclaiming the $3,500 mark, following significant news from the SEC.

According to on-chain reports, after @Consensys announced on X (formerly Twitter) that the SEC had closed its investigation into Ethereum 2.0, a whale purchased an additional 5,603 $ETH, valued at $19.6 million.

This whale has been actively accumulating Ethereum, having withdrawn a total of 16,604 $ETH (approximately $59 million) from Binance at an average price of $3,600 since May 30. The recent purchase underscores a growing confidence among large investors in the future of Ethereum.

After @Consensys posted that the #SEC had closed its investigation into #Ethereum 2.0, the whale bought another 5,603 $ETH($19.6M).

The whale has withdrawn 16,604 $ETH($59M) at an average price of $3,600 from #Binance since May 30.https://t.co/NYbgSJevaT pic.twitter.com/N3vsISPeyX

— Lookonchain (@lookonchain) June 19, 2024

Ethereum Case With The SEC Closed

The decision by the SEC’s Enforcement Division to close its investigation into Ethereum 2.0 is a significant victory for Ethereum developers, technology providers, and industry participants. This closure means the SEC will not bring charges alleging that the sales of ETH are securities transactions, alleviating regulatory uncertainty that has loomed over the cryptocurrency.

ETHEREUM SURVIVES THE SEC.

Today we’re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0.

This means that the SEC…

— Consensys (@Consensys) June 19, 2024

The news has buoyed market sentiment, contributing to Ethereum’s price surge. The clarification from the SEC provides a more stable regulatory environment for Ethereum, encouraging further investment and development within the ecosystem.

As Ethereum continues to evolve, the resolution of this investigation removes a significant hurdle, potentially paving the way for increased adoption and innovation. Market participants are now watching closely to see how this regulatory clarity will impact the broader cryptocurrency landscape.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

The post Ethereum Surges Over 4% As SEC Closes Investigation Into Ethereum 2.0 appeared first on The Merkle News.

Blockchain investigator ZachXBT recently unveiled that the creator of TrumpCoin (DJT) is none other than Martin Shkreli, the infamous financier who was sentenced to over six years in prison for securities fraud and conspiracy.

The revelation came after Arkham announced a $150,000 bounty for identifying the DJT creator. ZachXBT tweeted the following timeline of events:

“Earlier today Arkham announced a $150K bounty for the identity of the DJT creator.

11:49 pm UTC: I reply to Arkham saying I submitted for the bounty. 11:57 pm UTC: Martin Shkreli panic DM’s me. 12:27 am UTC: Martin Shkreli creates a Spaces and announces he is the creator of DJT.”

For those who are confused and need additional context.

Earlier today Arkham announced a $150K bounty for the identity of the DJT creator

11:49 pm UTC I reply to Arkham saying I submitted for the bounty11:57 pm UTC Martin Shkreli panic DM’s me 12:27 am UTC Martin Shkreli… pic.twitter.com/pKCQDOo7AZ

— ZachXBT (@zachxbt) June 19, 2024

Following the revelation, significant insider activity was reported. Verso.sol, a major DJT insider, dumped $832,000 worth of DJT and then deposited USDC to a centralized exchange. This individual is also a large holder in Shkreli’s other project, Shoggoth.

An account named CWR, who served as the admin of the DJT Telegram group, is very active in Shkreli’s public Discord server, boasting over 1,000 messages. CWR, whose Discord username is ‘cameronrox,’ has referred to himself multiple times as Cameron Roxborough and claimed to have attended school with Barron Trump. Last night, CWR exited both the Telegram group and Discord server, but his messages remain in the Discord server.

Insider Sold 58.71 Million DJT For 9,870 SOL

According to on-chain data from Lookonchain, an insider sold all 58.71 million $DJT (TrumpCoin) for 9,870 $SOL ($1.37 million) today, making 7,507 $SOL ($1.04 million) in just two days.

This insider sold all 58.71M $DJT(#TrumpCoin) for 9,870 $SOL($1.37M) 4 hours ago!

He made 7,507 $SOL($1.04M) in just 2 days!https://t.co/jN8FcbvYuF pic.twitter.com/VL7WbOkmvW

— Lookonchain (@lookonchain) June 19, 2024

Another insider made a significant profit by buying a large amount of $DJT before the revelation and sold it for over $1 million.

This individual created a new wallet three days ago, withdrew 72 $SOL from Binance, spent 67.1 $SOL ($9,400) to buy 58.87 million $DJT, and sold it for 7,387 SOL ($1.03 million) and 10,241 $USDC, achieving a 110x gain.

Another insider bought a large amount of $DJT(#TrumpCoin) before the post and made more than $1M with a cost of only $9,400!

This insider created a new wallet 3 days ago and withdrew 72 $SOL from #Binance.

He spent 67.1 $SOL($9,400) to buy 58.87M $DJT, then sold for 7,387… pic.twitter.com/xe8fAYlwDG

— Lookonchain (@lookonchain) June 19, 2024

The unmasking of Shkreli and the subsequent insider trading activities have raised significant concerns within the crypto community, highlighting the ongoing need for vigilance and transparency in the sector.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

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A newly created wallet, suspected of insider trading, recently spent 1,363 $SOL (approximately $188,000) to acquire 52.09 million $DJT tokens just before news broke about the launch of Donald Trump’s official token, $DJT, on the Solana blockchain.

Following the announcement, the same wallet withdrew an additional 1,000 $SOL (about $138,000) from Binance to purchase another 6.62 million $DJT tokens.

Currently, this wallet holds 58.71 million $DJT tokens, valued at $1.56 million, making it the third-largest holder of $DJT. The significant acquisitions prior to the public announcement suggest potential insider knowledge.

Note that a fresh wallet(maybe an insider) spent 1,363 $SOL($188K) to buy 52.09M $DJT before the news that Trump is launching an official token — $DJT on Solana.

After the news, he withdrew another 1,000 $SOL($138K) from #Binance to buy 6.62M $DJT.

He currently holds 58.71M… pic.twitter.com/WaSEfUrXBh

— Lookonchain (@lookonchain) June 18, 2024

In another case of astute trading, a wallet identified as 5Ffhy…R5msK demonstrated impressive market timing. Over three days, this trader bought low and sold high, realizing a profit of more than 33 times the initial investment.

On June 16, they purchased 11.15 million $DJT tokens at an average price of $0.001005, spending 74.69 $SOL (around $11,000). They then sold all holdings at $0.03468 just three hours ago, securing a profit of $370,000, with a return rate of 3349%.

https://x.com/ai_9684xtpa/status/1802983707021832528?t=9X7DhDJzPso141uoRlDoOg&s=19

Trader Lost Over $341,427 In A Single $DJT Trade

Conversely, not all trades were successful. Another trader spent 2,500 $SOL (approximately $342,100) to buy 91,705.6 $DJT tokens. Unfortunately, when they sold, they received only 4.91 $SOL (about $673) back, resulting in a staggering loss of $341,427 in less than one minute.

What a sad story!

This guy spent 2,500 $SOL($342.1K) to buy 91,705.6 $DJT but only got 4.91 $SOL($673) back when he sold it.

He lost $341.4K in less than 1 minute!https://t.co/jrL0ZGa76Dhttps://t.co/qICy7GZfmj pic.twitter.com/olr78X8snp

— Lookonchain (@lookonchain) June 18, 2024

These incidents highlight the volatile nature of the $DJT token market following the launch announcement. While some traders have capitalized on the token’s rapid price movements, others have faced significant losses.

The suspected insider trading activity and subsequent market fluctuations underscore the risks and potential rewards in the rapidly evolving cryptocurrency landscape. As the market continues to react to the launch of $DJT, traders and investors will be closely monitoring further developments.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

The post Insider Trading Suspected As $DJT Token Experiences Volatile Market Activity appeared first on The Merkle News.

The price of BeerCoin ($BEER) has plummeted over 60% today, as a wallet linked to the BeerCoin team offloaded significant holdings.

This wallet, which received 8.88 billion $BEER from the BeerCoin team wallet “8VY4LF…fDd5G2”, sold 8.7 billion $BEER for $1 million over the past two days.

Another wallet related to the #beercoin team is selling $BEER and the price of $BEER has dropped more than 60% today!

This wallet received 8.88B $BEER from the #beercoin team wallet "8VY4LF…fDd5G2", and sold 8.7B $BEER for $1M in the past 2 days.https://t.co/E105MTcVSM pic.twitter.com/zI9BpycMyH

— Lookonchain (@lookonchain) June 18, 2024

In a recent announcement on X (formerly Twitter), the BeerCoin team revealed that they have been closely monitoring the wallets of all major partners and key opinion leaders (KOLs) who had previously received $BEER allocations. The on-chain analytics indicated that 95% of these allocations have been fully sold during the recent market panic, exacerbating the price decline.

https://twitter.com/beercoinmeme/status/1803035385074688227?t=NJd8K6B4rYLr3gDzU1twXA&s=19

Investor’s Confidence On $BEER Gets Shaken Due To The Massive Selloff 

The sudden sell-off by the team-linked wallet and the mass liquidation by partners and KOLs have shaken investor confidence. The BeerCoin team’s tracking efforts underscore their concerns about the stability of $BEER’s market, but it has not been enough to prevent the sharp drop in value.

This massive sell-off and subsequent price drop highlight the volatile nature of cryptocurrency markets, especially for tokens with concentrated holdings. The BeerCoin team’s announcement and tracking efforts aim to restore some level of transparency, but the damage to $BEER’s market perception may take time to repair.

As BeerCoin struggles with this significant price drop, investors and market watchers will be looking for signs of stabilization or further volatility. The actions of large holders and the team’s response will be critical in determining the future trajectory of $BEER.

The recent events serve as a reminder of the risks associated with cryptocurrencies, where market sentiment can shift rapidly due to large transactions and the actions of influential stakeholders. The BeerCoin community will be closely monitoring the situation as they navigate through this period of uncertainty.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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A long-dormant whale has resurfaced, moving 118,090 QNT, valued at $9.76 million, to Kraken. This address, which accumulated a large amount of QNT six years ago, remained inactive during the 2021 uptrend.

It only became active this month and still holds a substantial 200,000 QNT, approximately valued at $16.53 million.

Inactive for Six Years, whale moves 118.09K $QNT ($9.76M) to Kraken, missing $130M Profit.

Six years ago, the address accumulated 326K $QNT, valued at just $200K at the time, and remained inactive for 6 years.

It notably missed the 2021 uptrend, which could have brought its… pic.twitter.com/p1r3jllUj6

— Spot On Chain (@spotonchain) June 17, 2024

In addition to the whale’s activity, three relatively new wallets, all created within the last three weeks, have been transacting significant amounts of QNT. Each of these wallets has transacted 1,001 QNT, worth $80,000, within the past hour.

🧿💥 $QNT 3 fairly new wallets (created in the last 3 weeks) all holding similar amounts transact 1001 QNT – $80k (last 1 hour).

All 3 private wallets now hold 10k+ QNT value $800k+.

Licence lock-up wallets in my opinion. 🤔 pic.twitter.com/lHy2YTfVMn

— Mind Crypto 🍥 (@MindCrypto_) June 17, 2024

The Three Wallets Now Hold Over 10,000 QNT Each

Currently, all three wallets hold over 10,000 QNT each, with a combined value exceeding $800,000. The whale’s sudden movement and the activity in the new wallets suggest a potential shift in QNT’s market dynamics. The reactivation of such a significant amount of QNT could influence market sentiment and price action, especially given the whale’s sizable holdings. The new wallets’ transactions indicate increased interest and potentially coordinated buying, which might impact the token’s liquidity and volatility.

These developments come at a time when QNT’s market performance is closely watched by investors. The reactivation of dormant holdings and the emergence of new, significant wallets could signal underlying market trends or strategic positioning by large players.

Market participants will be keen to observe how these activities unfold and their potential impact on QNT’s price and trading volume.

The interplay between the whale’s actions and the new wallets’ transactions will likely shape QNT’s short-term market narrative, prompting both caution and speculation among traders and investors.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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The post Dormant Whale Moves $9.76M In QNT To Kraken, New Wallets Show Activity appeared first on The Merkle News.

Wallets holding 10 or more Bitcoin have collectively reached their highest level of holdings since two years ago. This milestone comes in the wake of significant changes in the cryptocurrency market, including a remarkable 226% increase in Bitcoin’s market value.

Speculation abounds that FTX was actively suppressing cryptocurrency prices in the second half of 2022.

However, since the exchange’s collapse in November 2022, there has been a notable correlation between the holdings of wallets with 10 or more BTC and Bitcoin’s overall market value. This suggests that larger investors are playing a significant role in the current market dynamics.

🐳 Wallets holding 10 or more Bitcoin have collectively just matched their same level of holdings from exactly 2 years ago. Much has changed since then, including a rise in Bitcoin's market value by +226%.

Many believe that FTX was successfully suppressing cryptocurrency prices… pic.twitter.com/O90gxrKy8N

— Santiment (@santimentfeed) June 17, 2024

Coinbase remains a dominant force in the Bitcoin ecosystem. The exchange and its custody service collectively hold substantial portions of Bitcoin. Coinbase Exchange is estimated to hold 270,000 BTC, while Coinbase Custody holds approximately 569,000 BTC.

This substantial aggregate underscores Coinbase’s pivotal role in both exchange balances and the US Spot ETF market via its custody service.

Coinbase as an entity holds a vast fraction of both aggregate exchange balances, as well the US Spot ETF balances via its custody service.

The Coinbase Exchange and Coinbase Custody entities currently hold an estimated 270k and 569k BTC respectively. pic.twitter.com/TSdL2kPDV8

— glassnode (@glassnode) June 17, 2024

Liquidation Figure If Bitcoin Pumps Over $67,500

Currently, Bitcoin is trading in the range of $65,000 to $66,000. If Bitcoin’s price surges to $67,450, it is projected that roughly $19.50 million will be liquidated on Binance alone. This potential liquidation could trigger significant market movements, reflecting the volatile nature of the cryptocurrency market.

Roughly $19.50 million will be liquidated in @binance alone if #Bitcoin surges to $67,450! pic.twitter.com/zb0t5aynvw

— Ali (@ali_charts) June 17, 2024

The resurgence in large Bitcoin holdings, coupled with Coinbase’s significant custodial role, highlights the evolving landscape of cryptocurrency investment. As the market continues to adapt to these changes, the actions of major holders and exchanges will likely play a crucial role in shaping Bitcoin’s future trajectory.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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The post Bitcoin Holdings By Large Wallets Reach 2-Year High Amid Market Dynamics appeared first on The Merkle News.

There is no doubt Big Daddy Bitcoin is the most significant market driver, but when it comes to sheer profit, the altcoins are where it’s at! In the last 5 years, every single top-10 coin – apart from XRP – outpaced Bitcoin, with several 100x cryptos coming onto the market.

As sure as night follows day, when bitcoin halves, there will be an altcoin rally on the way.   Ondo and Stacks are two undervalued altcoins spurring on the altcoin rally, while investors are looking at Raboo for an explosive 100x growth once it hits the open markets.

Ondo Finance (ONDO): From presale to Profit: Ondo delivers 100x To Early Adopters

Never underestimate the power of presales, and Ondo Finance (ONDO) gives us a glimpse into what is possible when investors make use of ICOs and presales. Ondo Finance entered its first round of seed funding in 2021, which was priced at $0.013. Today, Ondo is trading at 1.26, a mere percentage points below its ATH. Ondo returned 106x since its presale offer, and the altcoin rally season will only push Ondo finance further.  

A 100x crypto is seen as the holy grail, a mythical unobtainable token that comes along once in a lifetime. However, when examining the markets and presale offers, 100x cryptos are not that uncommon, and investors are likely to find many 100x cryptos like Ondo if they go out to look for them.

Stacks (STX): A 100x Crypto. Twice.  

Stacks (STX) started its presale life at $0.019 and, in April, hit its ATH at $3.83 for slightly more than a 200x return. As a 100x crypto, Stacks delivered, twice! But in order to have gained the most from Stacks, investors needed to have come in during its presale phase, as Stacks hit the open market at $0.24, already a 10x-growth from presale, and just went up from there.

Stacks has returned over 60% in year-to-date figures, slightly behind Bitcoin, but outpacing both Ethereum and Solana. Stacks is setting a good pace for the altcoin rally, bringing in 3.02% for the month of June so far!  

Raboo (RABT): The New 100x Crypto Presale Now Underway.

As Ondo and Stacks demonstrate, 100x crypto growth is not just possible but probable. However, the best chance of making the most of any altcoin rally is to get in early, and nothing is earlier than presale offers.  

Raboo (RABT), a new meme-fi AI crypto, is now in its fourth phase of presale and selling out fast! Early investors have already provided Raboo with over $1.6 million in liquidity, but fortunately, it is still early days. But what makes Raboo such a hit with its 2,500 token holders and 8,000 subscribers? 

To begin, Raboo is an entrant in the Red-hot meme coin market, a $50 billion sector currently driving the altcoin rally. But there’s more to Raboo than memes. There is also an NFT market where digital originals and in-game assets can be bought and sold, and one cannot disregard the phenomenal APY Raboo will offer on its staking platform. Those who provide liquidity will be handsomely rewarded. But the ace up its sleeve is its AI engine, which will create and curate the finest internet culture content to ensure Raboo is always ahead of the pack.  

Analyzing market trends and the Raboo offering, calling Raboo a 100x crypto may be a lowball figure! 

Conclusion:

Bottom line: the altcoin rally is the time that investors can make hay in glorious bull-market sunshine!  100x crypto coins like Ondo and Stacks will inch up even higher as the markets chase all new all time highs. However, the real money lies in presales and ICOs like the one on offer by Raboo. Priced at only $0.0048, the Raboo presale is an offer you can’t afford to miss!

You can participate in the Raboo presale here.

Telegram: https://t.me/RabootokenPortal Twitter: https://twitter.com/Raboo_Official

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

The post Raboo Poised for Explosive 100x Growth as Ondo and Stacks Fuel Altcoin Rally appeared first on The Merkle News.

The value of the $DADDY token has sharply declined by over 25% in the past hours, driven by significant insider activity.

On-chain reports from Lookonchain revealed that an insider sold 15.14 million $DADDY for 11,752 $SOL, equivalent to $1.74 million, generating an enormous profit given his initial investment was less than $2,000.

Before @DaddyTateCTO published his first post, the insider acquired 29.8 million $DADDY tokens for just 13.2 $SOL ($1,950) through three different wallets.

After purchasing the tokens, he sold a small portion and transferred most of the remaining tokens through multiple addresses. The bulk eventually flowed to the address “DpL2Tm”.

A few hours ago, this insider transferred a substantial amount of $DADDY to new wallets and began selling off the tokens. In total, he sold 15.14 million $DADDY for 11,752 $SOL, translating to $1.74 million. Despite these sales, the insider still holds 14.7 million $DADDY, valued at approximately $2.8 million.

Trader Hits Massive $5.6 Million In Profits

The insider’s total profit from these transactions amounts to a staggering $5.6 million, representing a gain of 2,875 times his initial investment. This massive sell-off has significantly impacted $DADDY’s market value, contributing to the recent sharp decline.

We noticed that an insider sold 15.14M $DADDY for 11,752 $SOL ($1.74M), and his cost was less than $2K, a huge gain!

1/ Let's check it out.👇 pic.twitter.com/LyUWpWljjt

— Lookonchain (@lookonchain) June 14, 2024

The rapid and extensive movement of $DADDY tokens by a single insider highlights the volatility and susceptibility of cryptocurrency markets to large-scale trades by influential holders. For retail investors, this serves as a stark reminder of the risks inherent in such markets, where the actions of a few can dramatically affect token prices.

In conclusion, the recent drop in $DADDY’s value underscores the potential impact of insider trading on the cryptocurrency market. Investors should be cautious and consider these dynamics when making trading decisions, particularly in markets that can be swayed by the actions of a few key players.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Holograph has suffered a significant security breach, with a hacker minting 1 billion $HLG tokens. Following the exploit, the attacker swapped some of the $HLG for $USDT, transferring the funds to the address acc01ade.eth.

From there, 1.3 million $USDT was exchanged for over 300 $ETH, which was then distributed to four different addresses. A small portion of these funds was funneled through Tornado Cash and Railgun, known tools for obscuring transaction trails.

🚨Holograph was exploited with the hacker minting 1B $HLG.

Some of the $HLG was swapped for $USDT and sent to acc01ade.eth.

acc01ade.eth has swapped 1.3M $USDT for over 300 $ETH and sent them to four addresses. A small portion was deposited to Tornado Cash and Railgun. https://t.co/isxvDTo6KF pic.twitter.com/9XEbLZNvb0

— Beosin Alert (@BeosinAlert) June 14, 2024

In response to the breach, the Holograph team has swiftly patched the initial exploit. They are collaborating with exchange partners to lock the malicious accounts and prevent further unauthorized transactions.

An investigation has been launched, and the team is in the process of contacting law enforcement to aid in the recovery of the stolen assets.

The stolen funds are currently held at the following addresses:

0x12d8b67db5b67C82a74d9da3BcB4A5a827c446D8

0xc527c712D7A21473D3296a93Bb5A7A48B4802c0F

0xA400fAcaaa51cc4a68E971ca2d74A8Fad04F200D

0x64F571535118e1bF72F235989b3556FA4BD4D477

Holograph Team Responds Quickly To The Situation 

The Holograph team is committed to addressing this incident with the utmost seriousness. By collaborating with exchanges and law enforcement, they aim to track down the perpetrators and recover the lost funds. The community is advised to remain vigilant and follow official updates as the investigation unfolds.

The Holograph Operator contract has been exploited by a malicious actor, enabling the hacker to mint 1 billion additional HLG

The team has patched the initial exploit & is working with exchange partners to lock the malicious accounts

The team has launched an investigation & is…

— Holograph (@holographxyz) June 13, 2024

This incident highlights the ongoing challenges faced by projects in securing their networks against sophisticated attacks.

The swift response by the Holograph team demonstrates their dedication to protecting user assets and maintaining the integrity of their platform.

As the investigation progresses, further measures will likely be implemented to bolster security and prevent similar exploits in the future.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

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The post Holograph Exploited: Hacker Mints 1 Billion $HLG, Swaps For $USDT and $ETH appeared first on The Merkle News.

Bitcoin’s second dip below $67,000 on Thursday triggered the second largest spike in crowd buying interest over the past two months.

This surge reflects the Fear of Missing Out (FOMO) and greed that traders experience in volatile markets.

There are two primary ways FOMO and greed manifest in Bitcoin trading:

1. Price Surges: Traders rush to buy Bitcoin when prices rise, hoping for continued upward momentum, as observed on May 20th. 2. Price Dips: Traders perceive a price drop as an unwarranted dip and buy in anticipation of a quick recovery, similar to the activity seen on June 13th.

🤑 Bitcoin's second stop below $67K Thursday resulted in the 2nd largest spike in crowd $BTC buying interest in the past 2 months. FOMO and greed comes in two ways:

1) Price erupts and traders want to jump in with hopes of prices continue climbing (as we saw on May 20th)

2)… pic.twitter.com/44O8Y3kSiD

— Santiment (@santimentfeed) June 14, 2024

Bitcoin ETFs Net Inflows Turns Negative Again, Something To Worry About?

On June 13, 2024, Bitcoin ETF net inflows turned negative again, totaling -$226 million, after just one day of positive inflows. Among the Bitcoin ETFs, BlackRock’s IBIT was the only one to experience an inflow. However, nine other Bitcoin ETFs saw significant outflows, with Fidelity’s FBTC leading the way at $106.4 million, followed by Grayscale’s GBTC with $61.5 million.

🚨 $BTC #ETF Net Inflow June 13, 2024: -$226M!

• The net inflow turned negative again after just 1 day of being positive.

• Only #BlackRock (IBIT) had an inflow yesterday.

• Among 9 other Bitcoin ETFs, #Fidelity (FBTC) experienced the largest outflow of the day with… pic.twitter.com/r9BY5M2GAU

— Spot On Chain (@spotonchain) June 14, 2024

This pattern of inflows and outflows indicates a highly reactive market, with traders quickly shifting their positions based on short-term price movements. The volatile behavior underscores the ongoing uncertainty and speculative nature of the Bitcoin market.

Despite these fluctuations, the recent buying interest suggests that many traders remain optimistic about Bitcoin’s long-term prospects. As institutional interest continues to grow and new financial products are introduced, the market dynamics are likely to evolve further.

In conclusion, Bitcoin’s recent price movements and the corresponding surge in buying interest highlight the volatile and speculative nature of the market. Traders’ reactions to both price surges and dips reflect a mix of FOMO and greed, driving rapid shifts in market sentiment.

As Bitcoin continues to attract attention from both retail and institutional investors, understanding these behavioral patterns will be crucial for navigating the market’s ups and downs.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

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Amidst a generally bearish crypto market trend, the value of Toncoin (TON) has surged past the $8 mark, reaching an all-time high of $8.12 and achieving a market cap exceeding $19.2 billion.

According to analyst Ali Martinez on X, Toncoin is preparing for a potential 40% breakout, targeting an impressive $11. However, the TD Sequential indicator suggests that TON might experience a brief dip to $7.2 to gather liquidity before continuing its upward trajectory.

#Toncoin is gearing up for a potential 40% breakout, aiming for $11! However, the TD Sequential indicator suggests $TON might briefly dip to $7.2 to gather liquidity before the upswing. pic.twitter.com/jMoZ1ugEga

— Ali (@ali_charts) June 13, 2024

Ton Blockchain Host New Milestone In Over $500 Million In TVL 

The Ton Blockchain has recently reached a significant milestone, hitting $500 million in Total Value Locked (TVL). This marks a substantial increase from $22.9 million in March 2024 to more than half a billion today, representing an astonishing growth of over 2,000%.

The TVL on Ton Blockchain now rivals the GDP of a small country, reflecting the extensive use of TON across various applications.

BREAKING: $500M Total Value Locked (TVL) 🔥

The GDP of a small country is in use across #TON's apps. This incredible achievement is yours, TON Community!

From $22.9M TVL in March 2024 to more than half a billion today – over 2,000% increase. 📈

It’s still only the beginning.… pic.twitter.com/bE3xqohACG

— TON 💎 (@ton_blockchain) June 13, 2024

This rapid increase in TVL highlights the growing confidence and adoption of the Ton Blockchain ecosystem. Investors and users are increasingly engaging with TON’s applications, contributing to its robust growth. The current bullish sentiment around Toncoin is driven by both its impressive market performance and the broader utility of its blockchain network.

In conclusion, despite the overall bearish sentiment in the crypto market, Toncoin has defied the trend with remarkable performance. With analysts predicting further gains and significant milestones achieved in TVL, TON is positioned for continued growth.

However, investors should be mindful of potential short-term fluctuations as indicated by technical analysis. As Toncoin continues to attract interest and expand its ecosystem, it remains a noteworthy player in the cryptocurrency space.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

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The post Toncoin Soars Above $8 Amid Bearish Crypto Market, Poised For Further Breakout appeared first on The Merkle News.

The Floki ecosystem is capturing significant attention from institutional investors, leading to a surge in smart money accumulating $FLOKI .

This growing interest distinguishes Floki from other memecoins, positioning it as a potential leader in the market, akin to the success $DOGE enjoyed in previous seasons.

Recently, the Floki team announced an aggressive marketing campaign targeting Vietnam, a country with a robust crypto market and an impressive 21.2% adoption rate among its 100 million population. The campaign is set to commence on June 17th, aiming to engage and capitalize on this high-adoption region.

FLOKI TO LAUNCH "AGGRESSIVE MARKETING CAMPAIGN" IN VIETNAM: DETAILS…

– @RealFlokiInu is set to launch an aggressive marketing campaign in Vietnam.

– The campaign targets Vietnam’s robust crypto market, with a 21.2% adoption rate among its 100 million population. Floki aims to… https://t.co/d5V78AELSx pic.twitter.com/gkpIKsIfNi

— BSCN (@BSCNews) June 12, 2024

$FLOKI Gets Listed On New CEX 

In a further boost to its visibility and accessibility, $FLOKI was listed yesterday on Nexo, an award-winning digital asset platform established in 2018. Nexo is known for its strict adherence to both global and local regulations, enhancing the credibility and appeal of $FLOKI to a broader audience.

$FLOKI has been listed on #Nexo!@Nexo, an award-winning digital asset platform established in 2018, prioritizes compliance with global and local regulations.

This listing introduces the #Floki ecosystem to Nexo's 7 million+ users, significantly accelerating Floki's global… https://t.co/vqeDtevIsS

— FLOKI (@RealFlokiInu) June 12, 2024

These strategic moves underscore Floki’s ambition to lead the memecoin market this season. With strong institutional backing and a focused marketing strategy, $FLOKI is well-positioned to capture significant market share and drive substantial growth in the coming months.

Due to strong institutional interest in the Floki ecosystem, smart money is accumulating $FLOKI .

This clearly makes #FLOKI stand out among other memecoins.#Floki is poised to lead the #memecoin market this season, just like $DOGE did in previous seasons. Send it! 💎🤲🏻 #Crypto pic.twitter.com/EvyKJ9zEKU

— Mr. Diamondhandz1💎 (@MrDiamondhandz1) June 13, 2024

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any meme coins.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, and Metaverse news!

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Over the past three months, the BASE blockchain network has demonstrated exceptional growth and innovation, establishing itself as a powerhouse in the Layer 2 (L2) ecosystem.

Recent insights from IntoTheBlock highlight a significant surge in transactions on BASE, driven primarily by decentralized applications and a plethora of innovative games developed on the platform.

While Arbitrum continues to lead in transaction volume, BASE distinguishes itself with a remarkable 50% share of transactions among the top three L2s. This indicates a strong user preference for BASE’s speed and efficiency.

https://twitter.com/Altcoin_daddy/status/1800858000976212356?t=AmS6fLtXSkW6ptxNUgyhdw&s=19

Several key factors contribute to BASE’s rapid rise. Notably, Coinbase’s Base L2 saw a substantial increase in transactions following an airdrop distribution by the user-owned group chat application, FriendTech. This event significantly boosted activity on the network, showcasing BASE’s ability to attract and engage users.

Head-To-Head Battle Between Base And Optimism 

The competitive landscape among L2 solutions has intensified, with Optimism reclaiming the top spot in market cap through strategic moves and investments. Despite this, BASE continues to hold its ground, playing a significant role in the growth and diversification of the L2 ecosystem.

The shift towards L2 networks like BASE is driven not only by cost savings but also by the desire to foster innovation and expand the reach of decentralized applications. With over 50 L2s now operational, the trend points to a promising future for BASE and similar platforms in attracting both institutional and retail investors.

In conclusion, BASE’s robust performance over the past six months underscores its potential as a leading player in the rapidly evolving L2 space. Its ability to attract and retain users through innovative applications and strategic partnerships positions it well for continued growth and success in the coming months.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

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In the wake of a 10% decline in LDO over the past week, a significant transaction has drawn attention.

An address identified as 0x0ff…07A85 deposited 3.76 million LDO into Coinbase within the last day, a holding valued at approximately $6.89 million.

This address initially opened a position of 6.94 million LDO at an average price of $2.32 on April 12, 2023. With the current price of LDO at $1.84, this investor faces substantial losses.

It is suspected that this address sold 3.17 million LDO four days ago. If the remaining 3.76 million LDO is sold, the investor will incur a cumulative loss of approximately $3.05 million.

https://x.com/ai_9684xtpa/status/1800738993526767969?t=z-kvR2LnShkrXY9Cd9fsRQ&s=19

LDO Market Price Action To Monitor 

Interestingly, despite the recent downturn, LDO has gained 10% in value over the past 24 hours. This surge adds a layer of complexity to the investor’s decision, suggesting potential short-term volatility or recovery.

The market will closely monitor these movements, as such large transactions can significantly impact LDO’s price and investor sentiment.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Sam Altman’s $WLD tokens briefly reclaimed the $4 trading price today, experiencing a gain of over 7%. Simultaneously, ChainLink (LINK) is trading above the $16 mark.

According to on-chain reports, a prominent whale investor, known for making a $1.65 million profit in the January 2024 LINK band, has recently opened new positions worth $3.54 million in $LINK and $WLD within the past hour.

Specifically, the whale has acquired 113,000 LINK, valued at $1.8 million, and 430,000 WLD, valued at $1.73 million.

The Whale Now Holds 510,000 LINK Tokens

Currently, this whale holds a total of 510,000 LINK, with a cumulative value of $8.17 million, making LINK the top asset in their portfolio.

https://x.com/ai_9684xtpa/status/1800897074059506147?t=W7VgMsT1xtQeZIdEU7E78w&s=19

The whale’s strategic movements indicate strong confidence in both $WLD and $LINK , particularly as these tokens show significant price activity.

The market will be closely watching these developments, as the whale’s actions could influence broader investor sentiment and price trends for both assets.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

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The post Whale Investor Boosts Positions In $WLD And $LINK Amid Price Surges appeared first on The Merkle News.