WIF Whale Increases Holdings, Profits Now Exceed $77 Million
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A major Dogwifhat (WIF) investor recently bought 800,556 WIF tokens at $1.92 each, spending 1.54 M USDC.
This purchase brought the whaleâs total holdings to 28 million WIF, now valued at $53.23 million.
The shareholderâs profits have now surpassed $77 million.
Strategic Moves Lead to Huge Gains
The Dogwifhat whale began buying WIF tokens in December 2023. The investor purchased 19.86 million WIF at $0.0114 per token, investing $226,000. This early move set the stage for large gains as the tokenâs value climbed.
In addition, the whale increased holdings significantly by purchasing 17.23 million WIF using 86,738 SOL, worth $8.92 million. The whale also registered the domain âbinance-insider.sol,â showing a deeper involvement in the cryptocurrency world.
Recent Purchases Impact Market
On August 23, 2024, the investor added another 800,556 WIF tokens to their holdings. This was after depositing 21.9 million WIF into Kamino, a decentralized finance platform. The whale borrowed 3.24 million USDC and used 2.7 million USDC to buy 1.8 million more WIF tokens.
These moves increased the whaleâs total holdings to 27.2 million WIF, worth $44.36 million. The investorâs actions have had a noticeable effect on the WIF market, helping drive a 17.69% increase in price over the past week.
Community Reactions and Whatâs Next
The whaleâs ongoing activities have caught the attention of the cryptocurrency community. Crypto School, a well-known voice in the space, identified Dogwifhat as a leading memecoin, noting its strong performance and the importance of the $1.5 price level as key support.
#WIF #DogWifhat #Memecoins #Toncoin #TelegramCEO $WIF $TON $BTC
Bitcoin (BTC) Price Stands Close to $64K, Toncoinâs (TON) Downfall Continues (Weekend Watch) !!
#BinanceLaunchpoolDOGS #TelegramCEO #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek After tapping $65,000 yesterday, bitcoinâs price actions calmed, and the asset remained relatively still at around $64,000.
The business week started on a negative note for the primary cryptocurrency as it failed to overcome the coveted $60,000 level and the subsequent rejection pushed it south by two grand on Monday. However, it recovered most losses on Tuesday and Wednesday and even attempted a breakout above $60,000 but to no avail, at least until Friday.
Thatâs when the bulls took complete control of the market and propelled an impressive rally that drove bitcoin from around $60,500 to $64,000 before the asset exploded further on Saturday morning to $65,000. Some of the possible reasons behind this notable price surge can be found here.
Nevertheless, BTC failed to maintain its run and retraced by around a grand in the following hours. As of now, it struggles to remain confidently above $64,000. Its market capitalization, though, stands strong at over $1.260 trillion on CG.
Bitcoinâs dominance over the altcoins is also on the run as it has neared 54% once again. Recall that the metric had fallen to 53.3% earlier this week.
TON Slumps Hard
The biggest news in social media and related to the crypto industry in the past 12 hours or so came from France. Local media reported that Telegramâs CEO, Pavel Durov, was arrested after he left his private jet. In the following hours, TONâs price tumbled hard by over 20% now to under $5.4.
Most other larger-cap alts are slightly in the red. ETH, BNB, XRP, ADA, AVAX, SHIB, BCH, and DOT have all produced minor daily losses, while SOL and TRX are with insignificant gains.
The total crypto market cap has shed about $20 billion since yesterday and sits at just under $2.350 trillion on CG.
XRP Unexpected Price Drop Wipes Millions in Volume
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A drop in trading volume was caused by the sudden and severe price drop that XRP recently suffered.
Many traders and investors were taken aback by this abrupt change, which has caused them to worry about the state of the market and XRPâs prospects going forward.
With a nearly 2% decline, the price of the digital asset dropped from $0.61 to about $0.6. The implications are more profound when taking into account the trading volume, which also fell dramatically during this time, even though a 2% decline might not seem disastrous at first.
The weaker weekend trading session when market activity typically tends to be lower could be the cause of the volume decline. But this is not the only thing at work. Its inability to overcome the crucial $0.61 barrier, which has served as a psychological barrier for the asset, is primarily to blame for XRPâs recent difficulties.
Since it presented XRP with its first significant obstacle following its attempt to breakout earlier this year, this resistance level has proven to be a formidable barrier.
There is now more selling pressure as a result of the inability to maintain momentum and break through this crucial level, which has also reduced buying support. As a result of this situation, traders are becoming less confident in the market and are retreating from their positions, which has resulted in the volume decline mentioned earlier.
The marketâs response points to a growing lack of confidence regarding XRPâs ability to overcome the $0.61 barrier and maintain any upward momentum in the near future. The market is keeping a careful eye out for any indications of fresh buying interest as XRP remains close to the $0.60 mark.
#XRP #Ripple #SEC #CryptoNews #TelegramCEO $TON $XRP $BTC
đź Sony Enters the Blockchain Space with Ethereum Layer-2!đź
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Sony is making a significant move into the blockchain world by launching its own Ethereum Layer-2 network. This innovative step showcases Sonyâs commitment to embracing blockchain technology, which could lead to groundbreaking applications in gaming, digital assets, and beyond. By utilizing Ethereum's Layer-2 solutions, Sony aims to provide faster, more scalable transactions, paving the way for new possibilities in the tech industry.
This development could revolutionize how blockchain technology is integrated into mainstream applications, particularly in entertainment and digital content distribution. Keep an eye on how Sony's entry might influence the blockchain landscape.
đĄ Stay updated with Binance to explore how these technological advancements can impact your crypto journey!
#Sony #Blockchain #Ethereum #BinanceLaunchpoolDOGS #CryptoMarketMoves
Notcoinâs weekend â What to expect from its latest breakout?
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OI spikes over the past month were unsuccessful in the attempt to break the $0.012 resistance
Hike in buying pressure on this breakout attempt meant the chances of success may be higher
The social media engagement behind Notcoin [NOT] has been highly negative since mid-July. In fact, over this period, the altcoinâs value dropped from $0.0174 to $0.118 â A 32% drop.
The losses in early August were much heavier as NOT has pulled itself upwards considerably since then. The token showed positivity in the Futures market, but is this enough to flip the bearish market structure?
The Open Interest has climbed from $83 million to $105 million since Thursday, 22 August. During this period, NOT gained by just over 11% on the charts. Generally, a price and OI hike indicate strong bullish sentiment.
While this is true for the prevailing price move, the recurring pattern in August favored the bears. The strong Open Interest surges on 31 July and on 14 and 19 August were followed by sharp price declines.
This indicated that the earlier OI spikes were fake breakouts past the $0.012 resistance zone.
The funding rate seemed to be steadily climbing to indicate that the long trade was increasingly popular.
The long/short ratio also stood above 2 to signify hefty bullish expectations.
They did not signal a reversal is due or that the market is overextended, but captured the firm bullish sentiment in the Futures market.
Zooming out to the 1-day timeframe, we can see that the market structure was still bearish at press time. The $0.0127-level marks the recent lower high that Notcoin must break to flip the market structure bullishly.
#NOT #Notcoin #TelegramCEO #cRYPTOnEWS #BinanceLaunchpoolDOGS $NOT $BTC $ETH
URGENT UPDATE REGARDING $DOGE $BTC $PEPE
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DOGE (Dogecoin): DOGE is experiencing a decline of 3.05% to $0.10893, indicating a potential correction. To reverse this trend, DOGE must break above the $0.115 level and close above $0.120. Failure to do so could lead to further downside.
 BTC (Bitcoin): BTC is showing a slight decline of 0.53% to $63,900.93. To continue its upward trend, BTC must break above the $65,000 level and close above $66,000. Failure to do so could lead to consolidation.
 PEPE (Pepe Coin): PEPE is facing a minor decline of 0.55% to $0.00000898. To reverse this trend, PEPE must break above the $0.00000950 level and close above $0.00001000. Failure to do so could lead to further consolidation.
KEY LEVELS TO WATCH:
DOGE: $0.105 (support), $0.115 (resistance)BTC: $63,000 (support), $65,000 (resistance)PEPE: $0.00000850 (support), $0.00000950 (resistance)
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#LUNA2USDT đđđđđđđđ
Terra price today is $âŻ0.405075 with a 24-hour trading volume of $âŻ198.75M, market cap of $âŻ303.89M, and market dominance of 0.01%. The LUNA price increased 7.64% in the last 24 hours.
Terra reached its highest price on May 27, 2022 when it was trading at its all-time high of $âŻ18.87, while Terra's lowest price was recorded on Aug 5, 2024 when it was trading at its all-time low of $âŻ0.252361. The lowest price since it's ATH was $âŻ0.252361 (cycle low). The highest LUNA price since the last cycle low was $âŻ0.435058 (cycle high). The Terra price prediction sentiment is currently bullish, while Fear & Greed Index is showing 54 (Neutral).
$LUNA
{spot}(LUNAUSDT)
Ethereumâs Vitalik Buterin Highlights Big Tech Threats While Advocating Open Source BCI
Vitalik Buterin has recently voiced his major concerns in todayâs technological world via social media. Emphasizing vulnerabilities in centralized identity systems and insecure operating systems, Buterin argues that these issues reflect a major threat that goes far beyond finance. According to Buterin, even if financial decentralization alone is achieved, privacy and security will be at risk unless these fundamental technological problems are addressed. The path to decentralized finance is closely linked to broader technological reform.
Buterin argues that achieving decentralized finance is not enough to create a secure digital environment. He believes that decentralized technologies that can address systemic risks should also be considered. He emphasizes the importance of integrating user privacy into financial transactions, citing scenarios such as privacy-preserving payment methods for VPN services. Buterinâs statements emphasize the need for a holistic approach that includes different aspects of technology in the pursuit of decentralization.
One of the most interesting aspects of Buterinâs recent comments concerns advances in brain-computer interfaces (BCIs). While acknowledging the exciting possibilities of such interfaces, such as the ability to directly decipher language in the brain through a combination of fMRI and artificial intelligence, Buterin also raises important ethical concerns. He warns that proprietary versions of this technology could contain backdoors that compromise mental privacy and leave users vulnerable to monitoring and control.
As we move toward the digital future, Vitalik Buterinâs views remind us of the importance of a multifaceted approach to decentralization. Addressing threats like centralized identity systems and the ethical implications of emerging technologies like BCIs is imperative not only for the health of the financial sector, but also to protect individual privacy.
Popcat (SOL) POPCAT
Despite recording a correction of approximately 3%, the POPCAT price has recorded a jump of 82.86% over the past week and has rewarded its long-term investors with a yearly return of 9,060.79%. With a market cap of $727.87 Million, this altcoin has secured the 89th position.
The Moving Average Convergence Divergence (MACD) shows a constant rise in the green histogram with its averages displaying a significant rise. This highlights increased buying-over-selling pressure for the POPCAT price in the crypto market.
If the market continues trading under a bullish sentiment, the Popcat (SOL) price will prepare to test its high of $0.99730. On the flip side, a bearish action could pull the memecoin toward its lower support level of $0.38805 during the upcoming weeks.
#BinanceBlockchainWeek
France Detains Telegramâs Durov, Ignites Diplomatic Row with Russia Over Access Rights đš đ·đș
Pavel Durov, the founder of Telegram, was reportedly detained by French police after allegedly refusing to provide access to his encrypted messaging app, which boasts over 1 billion users globally.
Maria Zakharova commented:
Russia issued a diplomatic note demanding access to Durov, but France regards his French citizenship as his primary one.
Durov holds dual citizenship in Russia and France.
The Russian Embassy in Paris is demanding clarification from France and urging them to safeguard Durovâs rights.
Despite these appeals, France has yet to respond.
#TelegramCEO #BinanceLaunchpoolDOGS
The Simpsons' Astonishing Bitcoin Prediction for 2021!
đđĄ Could The Simpsons once again make a prediction that shakes the cryptosphere? đĄđ In a 2021 episode, the show hinted at a mind-boggling future for Bitcoin, suggesting its value could soar to... infinity! Yes, infinity! đ€Ż
But this isnât the first time the iconic series has surprised us with its visions of the future. Back in 2000, The Simpsons predicted that Donald Trump would become President of the United States, and history confirmed it. And thatâs not all! A few years later, an episode forecasted that Finnish economist Bengt R. Holmstrom would win the Nobel Prize in Economicsâa prediction that came true six years later.
Letâs not forget the famous 1998 prediction where the series mentioned a merger between Fox and Disney, which became reality in 2019 with a $71 billion deal!
With such uncanny predictions, one has to wonder: is Bitcoin truly destined to reach astronomical heights, even infinity? In a world where the value of traditional currencies continues to erode, Bitcoin $BTC might just hold the key to an unprecedented financial revolution.
#Bitcoin
Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
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Dear friends, many #Altcoins in crypto markets have been lost in the dusty pages of history and will continue to be lost. In fact, some have already been lost, so let's always be in assets that can have a long-term story. Let's be careful to find and evaluate assets that can be next to $BTC in a few years. Our crypto-loving investor friends. Because they have an emotional perspective on some cryptocurrencies, they cannot see some facts, and this can cause them to experience big losses. #BeCreative
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**Technical Analysis Report: $BANANA/USDT**The $BANANA/USDT pair is currently trading below the 200-day moving average, indicating a bearish trend in the medium to long term. The recent price action has seen $BANANA failing to break above key resistance levels around $1.20, suggesting strong selling pressure. The Relative Strength Index (RSI) is hovering around 40, indicating that the asset is in the lower end of the neutral zone but not yet oversold, which could suggest further downside potential.The MACD indicator is showing bearish momentum with the MACD line below the signal line and both trending downward. Support is currently found at $0.85, a level that has held in the past. However, if $BANANA fails to hold this support, the next significant support level lies around $0.70. Volume analysis shows decreasing trading volumes, signaling weakening buying interest. If $BANANA can break above the resistance at $1.20 with strong volume, it may signal a reversal to the upside. Otherwise, the overall outlook remains bearish, with traders advised to exercise caution.#BinanceBlockchainWeek #MACD #USDTfree #VOTEme
In cryptocurrencies, what does mining mean?
I will try to explain mining in very simple terms:
Letâs suppose you (Located in US) and I (Located in India) have a bank account in say HDFC Bank. Hence, HDFC bank is the one (third-party) who maintains our account, balances i.e. our ledger.
Now, I send you 10,000 USD. HDFC Charges us - 2% for this transaction.
HDFC charges us this amount for the following services:
Maintaining our ledger i.e. database.
Providing us service to transfer money from one account to another.
Now, letâs move to cryptocurrencies. Cryptoâs (like Bitcoin) are based on open-source blockchain technology with distributed database which means, their is no third party (like HDFC bank) who manages our ledger. The network is distributed.
The miners are the one who maintain the database of all transactions that happen on bitcoin network. Anyone who has downloaded the copy of all transactions can become a miner. I wonât go into mining pool and all, to keep things simple.
What these miners do? - The miners share their hash power or you could say run an algorithm to confirm/verify transactions that happen on Bitcoin network. For verifying any transaction, they get a fixed reward i.e. Bitcoins. This is how new bitcoins are generated.
I hope this answers your question. Drop a comment if you have any doubts.
Thanks
âïž Top Cosmos Projects by Staked Token Value: TIA Leads with $4.68B
Phoenix, a well-known crypto analytics firm, has recently shared the list of top Cosmos-based projects in terms of the cumulative value of staked coins. The list of Phoenix takes into account several names including $TIA, $SEI, $INJ, $ATOM, $SAGA, $DYM, $CRO, $AXL, $FET, and $ZETA. The analytics firm disclosed the details of the respective projects on its official social media account.
đž TIA Leads the Cosmos Crypto Projects Based on Staked Coin Volume
#TIA has dominated Phoenixâs list of top Cosmos-based crypto projects based on the value of staked coins. It has a total staked amount of nearly $4.68 billion worth. Its reward APY stands at 10.7% while its staking ratio has reached 72.9%. Following that, $SEI takes the 2nd position with its total value of staked coins reaching $1.95B. Its reward APY is up to 4.8% and the staking ratio of $SEI has touched 55.3%. The 3rd spot is taken by another prominent project going by $INJ with a cumulative staked value of approximately $1.33B worth.
The reward APY of $INJ has reportedly reached 15.6% with a staking ratio of up to 59.5%. After that, $ATOM obtains 4th place in the above-mentioned list with $1.29B as the cumulative value of its staked coins. It has a reward APY of almost 17.8% with the staking ratio currently standing at 60.0%. The 5th spot is seized by $SAGA with $1.26B as the cumulative amount of its staked tokens.
Along with that $SAGAâs reward APY is nearly 10.3% and the staking ratio is almost 74.2%. $DYM is the 6th project in the list with its cumulative staked value reaching $1.04B. Their reward APY and staking ratios stand at 4.3% and 59.3% respectively. The total staked value of nearly 1.02B worth has placed $CRO in the 7th position, with its staking ratio and reward APY reaching 37.1% and 7.3% respectively.
{spot}(TIAUSDT)
đ Ether's price is teasing us with a potential moonshot! đ Analysts say a weekly close above $2,800 could send ETH soaring to $3,500-$3,600, lifting alts along the way. Currently at $2,758, a 3.35% bump in the last 24 hours has traders buzzing. đ
But hold your horses! đ Real Visionâs Jamie Coutts warns that without increased network activity, a rally might struggle. Fees are at 4-year lows, but layer-2 adoption is strong and global liquidity is rising.
What do you think? Is ETH ready to blast off or are we in for a bumpy ride? Drop your thoughts below! đ #Ethereum #DeFi #Web3 #Crypto
⥠Bitcoin Transaction Fees Surge Amidst High Network Demand! âĄ
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Bitcoin transaction fees have skyrocketed, increasing tenfold due to a significant spike in network demand. This surge highlights the growing activity on the Bitcoin blockchain, driven by increased transactions and the limited capacity of the network to handle them efficiently. As more users engage with Bitcoin, the cost of transactions naturally rises, reflecting the high demand for processing power.
This increase in fees serves as a reminder of the ongoing scalability challenges within the Bitcoin network, which could impact both individual and institutional users. Traders should stay informed about these changes, as they could influence transaction strategies and timing.
đĄ Stay informed with Binance and keep track of how market conditions may affect your trading decisions! #Binance #Bitcoin #CryptoNews #SahmRule #TelegramCEO
Power of Limit Orders in Trading
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In trading, precision isn't just importantâit's everything. Enter the limit order, a powerful tool that puts you in control of your trades by allowing you to set a specific price for buying or selling an asset, shielding you from unwanted price swings.
Imagine youâre looking to buy 100 shares of a stock but only at $50 or less. A limit order ensures your purchase only goes through if the stock hits that price, protecting you from overspending. The same applies when sellingâset a limit order to guarantee you wonât sell for less than your target price.
Limit orders act as a safety net, helping traders avoid the emotional pitfalls of market volatility. By setting precise price points, you can stick to your trading strategy without the fear of impulsive decisions. In a world where every cent counts, limit orders are an indispensable tool for anyone serious about trading.
đ Top Cryptocurrencies with Bright Futures đWhile 1000x returns may be rare, these cryptocurrencies are set for significant growth thanks to their solid fundamentals and expanding ecosystems. Explore the future of digital finance with these standout projects:đč Solana ($SOL) - Speed and scalability meet a thriving DeFi ecosystem. đđč Polkadot (DOT) - Bridging blockchains for unmatched interoperability. đđč Cosmos (ATOM) - A modular platform driving scalable innovation. đđč Chainlink ($LINK) - The leading decentralized oracle connecting smart contracts with real-world data. đđč Cardano (ADA) - Robust, scalable, and pushing boundaries in DeFi and NFTs. đ±đč Polygon ($MATIC) - Layer-2 scaling solution powering Ethereumâs expansion. âïžđč Avalanche (AVAX) - Speedy and decentralized, evolving its ecosystem rapidly. đđč The Graph (GRT) - Decentralized indexing and querying vital for blockchain apps. đđč NEAR Protocol (NEAR) - Innovative and scalable, shaping the future of blockchain. đThese projects are more than just investments; they're the building blocks of tomorrowâs digital economy. Dive in and discover the potential of the future!#MtGoxRepayments #BinanceLaunchpoolDOGS #TelegramCEO #PowellAtJacksonHole #BinanceBlockchainWeek
đš Bitcoin Holds Firm Above $66K â Market Resilience in Action! đš
Bitcoin continues to demonstrate its market dominance, holding strong above the $66,000 mark despite the broader crypto market's volatility. This resilience highlights Bitcoin's role as a stable force in the crypto ecosystem, attracting both institutional and retail investors alike.
Recently, Bitcoin Cash also saw a significant 10% surge following its halving event, which further emphasizes the potential for strategic gains in the crypto market. Coinbaseâs expansion into Canada, becoming the countryâs largest registered crypto exchange, signifies the growing adoption and regulatory acceptance of cryptocurrencies.
On the stablecoin front, Ripple's entry into the market with its new stablecoin challenges established giants like Tether and USDC, adding more dynamism to the ecosystem. These developments collectively indicate that the crypto market is not just surviving but evolving with new opportunities.
đȘ Stay informed and ahead of the curve with Binance, your gateway to the latest in the crypto world.
#Binance #Bitcoin #CryptoNews #BTC