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🐋 Whale Activity Boosts Dogecoin Holdings Dogecoin investors, during recent market movements, saw the price drop from $0.1686 to $0.1423 and accumulated DOGE. Recently, on May 6th, DOGE moved above the price level of $0.168, which brought 5.21 million addresses into a profitable position. However, after this, the situation reversed. A minor correction in the price was observed throughout May 7th. According to on-chain data provided by Santiment, DOGE whales took advantage of this drop and purchased 265.86 million DOGE tokens. 🔸 DOGE Accumulating Whales According to data from the on-chain platform Santiment, addresses holding between 100 million and 1 billion DOGE increased their holdings by 1%, capturing 21% of the total supply on May 7th. Interestingly, the number of tokens held by these whales increased by 265.86 million DOGE, valued at approximately $41.2 million. This increase was significant in the market compared to the 342 million DOGE that left their possession the day before the whale entry. The latest data reveals that accumulation on exchanges is still ongoing. Meanwhile, recent data shared by the whale tracking platform Whale Alerts indicates that 120 million DOGE tokens, valued at 18 million dollars, were purchased from the cryptocurrency exchange Robinhood and transferred to wallets within a few hours. 🔸 The Significance of DOGE and Whale Movements Whale activity and sentiment are essential for any cryptocurrency, especially for a meme token like Dogecoin, whose value is mostly driven by hype and market sentiment rather than demand for utility. These whales typically move the market, and accumulation or selling by a few large traders can alter the sentiment of other investors. At the time of writing, DOGE was trading at $0.1448. The price correction that occurred between May 6th and May 9th seems to be continuing. Despite this, the price is still above the $0.143 level it jumped to during that period. Currently, DOGE has seen a 4% decrease in the last 24 hours and a 4% decrease over the last seven days. $DOGE #DOGE

🐋 Whale Activity Boosts Dogecoin Holdings

Dogecoin investors, during recent market movements, saw the price drop from $0.1686 to $0.1423 and accumulated DOGE. Recently, on May 6th, DOGE moved above the price level of $0.168, which brought 5.21 million addresses into a profitable position. However, after this, the situation reversed. A minor correction in the price was observed throughout May 7th. According to on-chain data provided by Santiment, DOGE whales took advantage of this drop and purchased 265.86 million DOGE tokens.

🔸 DOGE Accumulating Whales

According to data from the on-chain platform Santiment, addresses holding between 100 million and 1 billion DOGE increased their holdings by 1%, capturing 21% of the total supply on May 7th.

Interestingly, the number of tokens held by these whales increased by 265.86 million DOGE, valued at approximately $41.2 million. This increase was significant in the market compared to the 342 million DOGE that left their possession the day before the whale entry.

The latest data reveals that accumulation on exchanges is still ongoing. Meanwhile, recent data shared by the whale tracking platform Whale Alerts indicates that 120 million DOGE tokens, valued at 18 million dollars, were purchased from the cryptocurrency exchange Robinhood and transferred to wallets within a few hours.

🔸 The Significance of DOGE and Whale Movements

Whale activity and sentiment are essential for any cryptocurrency, especially for a meme token like Dogecoin, whose value is mostly driven by hype and market sentiment rather than demand for utility. These whales typically move the market, and accumulation or selling by a few large traders can alter the sentiment of other investors.

At the time of writing, DOGE was trading at $0.1448. The price correction that occurred between May 6th and May 9th seems to be continuing. Despite this, the price is still above the $0.143 level it jumped to during that period.

Currently, DOGE has seen a 4% decrease in the last 24 hours and a 4% decrease over the last seven days.

$DOGE #DOGE

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.
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🔥 Cardano (ADA) Triumphs: 10 Million Tokens Milestone Achieved The Cardano network has reached a significant milestone, surpassing 10 million native tokens. This achievement underscores Cardano's increasing adoption within the blockchain and cryptocurrency space. Native tokens allow the transacting of multi-assets on Cardano. Cardano uniquely allows users to transact with ADA, as well as an unlimited number of user-defined (custom) tokens natively. Native support has specific advantages for developers: There is no need to create smart contracts to handle custom tokens, for example, which eliminates an additional layer of complexity and the possibility of manual errors because the ledger manages all token-related functionality. According to the most recent IOG weekly report, native tokens have reached 10 million with 120,576 token policies. Currently, network transactions have reached 90.8 million, while Plutus scripts are at 46,698. Looking ahead, the Cardano network is poised for further growth and expansion. The continued development of its smart contract capabilities and the upcoming upgrades such as the Chang network upgrade are expected to attract even more users to the platform. 🔸 ADA price action Cardano's ADA recent price rise appears to have stalled under the pressure of its daily moving averages. ADA began to rise gradually and reached highs of $0.51 on May 21 before running into resistance. After that, ADA decreased for four days in a row before rising again. Selling has continued, with ADA down 0.33% to $0.4611 at the time of writing, during the last 24 hours. The 50-day and 200-day simple moving averages (SMA) have posed significant barriers to the rising trend of ADA since the beginning of April. Further conjecture over the short-term price trajectory of ADA is raised by a recent crossing that showed a death cross. The 50-day EMA serves as an immediate resistance level for ADA in the short term, which it must surpass to indicate a possible rally. $ADA #ADA
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⭐️ Top 3 AI Cryptos Set to Skyrocket in June 2024: RNDR, GRT, and NEAR Predictions ● Render (RNDR) could surge in June 2024 due to strong fundamentals and a growing user base globally. ● The Graph (GRT) may experience a significant price rise driven by solid partnerships and growing adoption. ● Near Protocol (NEAR) attracts developers with its ease of use, performance, and interoperability in the blockchain space. 🔸 Render (RNDR) Render (RNDR) looks to convert the creation and rendering of computerized data, empowering individuals around the world to get to it more affordably and creatively. Even if Render’s price has dropped 1.5% within the past day to $10.07, its strong essentials and growing user base show that a June cost spike is likely. Moreover, RNDR’s 24-hour trading range of $10.33 to $11.82 recommends a sensibly volatile market. 🔸 The Graph (GRT) A fundamental portion of the blockchain and AI ecosystem is the Graph (GRT), an ordering and inquiry protocol for blockchain data Additionally, The Graph has emerged as a crucial infrastructure supplier for AI initiatives by facilitating effective access to decentralized data. The coin is expected to see a price increase in June, according to solid partnerships and expanding adoption of The Graph, even though it has only gained 0.9% over the past day to trade at $0.3272. GRT’s 24-hour trading range of $0.3317 to $0.3572 suggests a comparatively calm market. 🔸 Near Protocol (NEAR) Within the blockchain and AI space, Near Protocol (NEAR) is known as a flexible and developer-friendly blockchain stage. Near Protocol has drawn more developers and projects with its accentuation on ease of use, execution, and interoperability. NEAR has slightly increased by 1.9% during the past day to trade at $8.12. The coin’s trading range is $7.76 to $8.24 over 24 hours. In addition, June could see a sharp increase in demand for NEAR tokens as additional AI projects are developed on the Near Protocol blockchain. $RNDR $GRT $NEAR
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🟢 AAVE and Uniswap Attract Whales After Ethereum ETF Gets Green Light Ethereum ETF approval sparks significant whale interest in AAVE, Uniswap, and other altcoins.Whales buy large quantities of AAVE and Uniswap, showing confidence in the altcoin market.Lookonchain data reveals whale purchases of AAVE, Uniswap, ENS, LDO, and LINK from Binance. The approval of the Ethereum ETF by the SEC has sparked notable activity among large wallet investors, or “whales,” who are showing increased interest in Ethereum-based altcoins.  On-chain crypto intelligence trackers have noted significant buying activity of tokens such as ENS, UNI, AAVE, LDO, and LINK. This surge in interest follows the SEC’s recent approval of the Ethereum ETF, which analysts interpret as a positive signal for the altcoin market. According to data from Lookonchain, new whale wallets have been actively acquiring large quantities of altcoins from the centralized exchange Binance. Specifically, these acquisitions include 82,040 Ethereum Name Service (ENS) tokens worth $1.98 million, 214,465 Uniswap (UNI) tokens worth $1.97 million, 39,762 AAVE tokens worth $3.97 million, 2,389,987 Lido (LDO) tokens worth $5.54 million, and 65,541 Chainlink (LINK) tokens worth $1.13 million. These substantial purchases reflect growing confidence among big investors, likely encouraged by the positive outlook following the Ethereum ETF approval. The influx of whale investments in AAVE and Uniswap, among other altcoins, underscores the market’s optimism about the future performance of these assets.  The Ethereum ETF is seen as a significant milestone that could pave the way for broader acceptance and increased institutional investment in the crypto space. The future of altcoins in the crypto industry looks promising. With increasing institutional interest and positive regulatory developments, the altcoin market is poised for growth. The recent whale activity suggests a strong belief in the long-term potential of Ethereum-based tokens like AAVE and Uniswap.  $AAVE $UNI #AAVE #UNI
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