🔥🔥🔥 182 Billion $PEPE in One Hour, What's Happening?

Frog-Themed Meme Coin PEPE Surges in Value, Eyes Market Flip

- Frog-themed meme coin PEPE has experienced a significant surge in valuation, positioning it for a potential sell-off by market whales. Over the past 24 hours, PEPE has increased by 2.15% to $0.00001654, with a notable 75% rise over the past week.

PEPE's Bullish Momentum

- The rally in PEPE has set a positive tone for other meme coins this month. Historically, PEPE has shown strong performance in May. According to Cryptorank data, PEPE ended May 2023 with a 74.9% growth. This month, it has already recorded a remarkable 148.2% increase.

Record Highs and Whale Activity

- This substantial surge has propelled PEPE to multiple all-time highs (ATH) this month. The latest ATH was reached at $0.00001718. On-chain data reveals that two newly created wallets withdrew 182.7 billion PEPE, worth approximately $3.1 million, from OKX in less than an hour.

- The large movement of PEPE from exchanges suggests a vote of confidence, indicating reduced willingness to sell. While some holders might take profits, PEPE's whales appear cautious, as seen in the concentration by holders data from IntoTheBlock.

Potential Market Capitalization Flip

- Amid the bullish trend, PEPE is on the verge of surpassing Polygon in market capitalization. Currently, PEPE's market cap is $6.98 billion, compared to Polygon's $7.21 billion. If the price rally continues, PEPE might not only flip Polygon but also other major #cryptocurrencies like Near, Bitcoin Cash, and Tron, just as it surpassed Ethereum Classic.

- This rapid growth highlights PEPE's potential to make significant strides in the cryptocurrency market.

Source - u.today

#CryptoTrends2024 #BinanceSquareTalks #pepecoin🐸

🚀🚀🚀 #Solana⁩ ($SOL ) Eyes a Strong Comeback: Will the #Rally Ignite a Surge?

Solana (SOL) found support around $160 and is gradually climbing higher, potentially gaining bullish momentum upon surpassing the $172 resistance zone.

After correcting lower, SOL tested the $160 support against the US Dollar and is now trading above $165 and the 100-hourly simple moving average. A bullish trend line breakout occurred near $164, indicating positive momentum.

The immediate hurdle lies near $170, followed by significant resistance around $171. A successful breach above $172 could pave the way for further upside movement. The next major resistance is anticipated near $176, potentially leading to a push towards $180.

On the downside, if SOL struggles to rally above $172, it might face downward pressure. Initial support lies at $167, followed by $165 and $160. A close below $160 could trigger a decline towards $150.

Technical indicators show the hourly MACD losing pace in the bullish zone, while the hourly RSI is below the 50 level.

- Key Support Levels: $165, $160

- Key Resistance Levels: $170, $172, $180

Source - newsbtc.com

#CryptoTrends2024 #cryptocurrency #BinanceSquareTalks

**Frog-Themed Meme Coin PEPE Surges, Eyes Market Flip**

The frog-themed meme coin PEPE has experienced a significant surge in value, potentially leading to a sell-off by market whales. Over the past 24 hours, PEPE rose by 2.15% to $0.00001654, with a notable 75% increase over the past week. Historically, PEPE has shown strong performance in May, with a 74.9% growth in May 2023 and a remarkable 148.2% increase this month.

PEPE has reached several all-time highs this month, the latest at $0.00001718. On-chain data shows that two new wallets withdrew 182.7 billion PEPE, worth about $3.1 million, from OKX within an hour. This large movement indicates reduced willingness to sell, showing confidence among whales.

Amid this bullish trend, PEPE is close to surpassing Polygon in market capitalization, currently at $6.98 billion compared to Polygon's $7.21 billion. If the rally continues, PEPE might surpass other major cryptocurrencies like Near, Bitcoin Cash, and Tron, having already surpassed Ethereum Classic. This rapid growth underscores PEPE's potential in the cryptocurrency market.

Source: u.today

#CryptoTrends2024 #BinanceSquareTalks #pepecoin🐸 🐸

💥💥💥 When Will the SEC Approve Spot $ETH #ETF✅ Registration Statements? ETF Expert Predicts Timeline

SEC Approves Eight Ethereum ETFs, Market Awaits Quick Listing

- On May 23rd, the U.S. SEC approved eight 19b-4 application forms for Ether ETFs from firms like #BlackRock , Fidelity, and Grayscale, sparking speculation about their listing and trading timelines. Unlike the lengthy process for Bitcoin ETFs, experts predict a faster approval for Ether ETFs.

Rapid Approval Expected for Ether ETFs

- Bitcoin futures ETFs took over two years to be listed on major exchanges after approval. However, Nate Geraci, President of ETF Store, suggests the SEC has already done much of the necessary groundwork, potentially speeding up the Ether ETF approval process. Following the SEC’s January rule change facilitating ETH ETF listings, Geraci believes the ETFs could be listed within "2-3 months max."

Speculations on Listing Date

- Eric Balchunas, a senior Bloomberg ETF analyst, humorously speculated that the SEC might list ETH ETFs around July 4th, aligning with Independence Day celebrations. James Seyffart, another Bloomberg Intelligence expert, expects a similar or faster timeline for Ethereum ETFs compared to the three-month approval period for Bitcoin ETFs.

Impact on Ethereum Price

- Anticipation of Ethereum #ETFs has fueled bullish market sentiment, pushing Ethereum's price to $3,932, a 3.4% increase in 24 hours and a 35% rise over the past two weeks. Former President Donald Trump’s pro-crypto comments have also boosted market confidence.

Source - coinpedia.org

#CryptoTrends2024 #BinanceSquareTalks

👉👉👉 South Korea Universities Face Banking Hurdles in Converting Crypto Donations to Cash

South Korea Prohibits Universities from Converting Crypto Donations to Cash

- South Korean financial authorities are barring universities from opening corporate accounts for #cryptocurrency transactions, preventing them from converting cryptocurrency donations into cash.

Concerns Over Money Laundering

- The local outlet Chosun Ilbo reported that financial authorities are worried that corporate accounts, which lack the individual verification associated with personal accounts, could facilitate money laundering. The Korean Financial Intelligence Unit (KoFIU) and the Ministry of Education are expected to maintain their stance against allowing universities to open such accounts.

Universities Struggle with Crypto Donations

- This prohibition follows requests from some universities seeking to open corporate accounts to convert substantial cryptocurrency donations they received into cash. A senior official explained that granting universities an exception would be unfair to other businesses and could significantly increase the risk of money laundering if extended to all corporations.

Future Guidelines and Potential Solutions

- Financial authorities, alongside the Ministry of Education, plan to advise universities against accepting cryptocurrency donations in the future. However, they may offer a solution for universities already holding such donations. Depending on the amount and other factors, a system might be established to convert these existing cryptocurrencies into cash, providing some relief to institutions struggling with previous donations.

Ban on Cryptocurrency Donations

- South Korea has recently banned cryptocurrency donations, affecting charities and their fundraising capabilities. This decision comes despite the growing popularity of Bitcoin ($BTC ) and other digital currencies in the country, underscoring the government's cautious approach to cryptocurrency-related activities.

Source - cryptonews.com

#CryptoTrends2024 #BinanceSquareTalks

🚀🚀🚀 $UNI Price Prediction – Uniswap Turns Green and Eyes More Upsides

UNI is on an upward trajectory, breaking through the $10.00 resistance mark and showing promising signs for further gains above $11.75. The recent bullish movement has been supported by UNI trading above $11.00 and the 100-hourly simple moving average. Notably, a bullish trend line resistance near $9.50 was breached, indicating strong bullish momentum.

Although encountering resistance near the $11.75 level, UNI is consolidating its gains around the 23.6% Fibonacci retracement level from its recent swing low of $8.70 to a high of $11.78.

With UNI currently trading above $11.00, immediate resistance lies at $11.50, followed by the crucial $11.75 mark. A successful breach of $11.75 could pave the way for further upward movement, with targets at $12.20 and potentially $12.50, or even $13.50.

However, if UNI struggles to surpass the $11.50 or $11.75 resistance levels, it might undergo a corrective phase. Initial support is anticipated around $11.05, with further support at $10.50 and $10.25, coinciding with the 50% Fibonacci retracement level. A breakdown below $10.25 could signal a deeper correction towards $8.80.

Analyzing technical indicators, the hourly MACD for UNI/USD shows signs of losing bullish momentum, while the hourly RSI hovers around the 50 level, indicating a neutral stance.

In summary, UNI's recent bullish momentum suggests a potential for further upside movement, provided it maintains above key support levels and successfully breaches resistance barriers. However, failure to sustain above resistance levels could lead to a corrective phase. Traders should closely monitor price action around key support and resistance levels for potential trading opportunities.

Source - newsbtc.com

#CryptoTrends2024 #BinanceSquareTalks #cryptocurrency

💥💥💥 #SolanaPrice Prediction as Standard Chartered Eyes SEC Approval for More Crypto ETFs – Will $SOL 10x Next?

Bullish Momentum for Solana Amidst Positive Market Sentiment
The SOL/USD pair continues its bullish trend, nearing $170 and reaching an intraday high of $170.26. Standard Chartered's interest in SEC approval for more crypto ETFs, including Solana, fuels optimism & speculation.

Potential Impact of Solana & $XRP ETFs by 2025

Geoffrey Kendrick, Head of Forex and Digital Assets Research at Standard Chartered Bank, predicts #cryptocurrency ETFs for Solana & XRP could be approved by 2025, following Ethereum spot ETF approvals by the SEC. He suggests Ethereum’s approval sets a precedent for other cryptocurrencies, potentially leading to significant institutional investments. This could enhance the market dominance of Bitcoin & Ethereum, paving the way for Solana and XRP ETFs.

Positive Inflows into #BitcoinETFs Boost Confidence

- Since the SEC approved spot Ethereum ETFs , US spot Bitcoin ETFs have experienced ten consecutive days of positive inflows, totaling $251.94 million as of May 24. Leading this surge are #BlackRock ’s iShares Bitcoin Trust (IBIT) with $182 million & Fidelity Wise Origin Bitcoin Fund (FBTC) with $44 million. This trend highlights growing investor confidence in the cryptocurrency market, which could positively influence Solana’s price.

Solana Price Analysis

Solana (SOL) is currently trading at $165, reflecting a modest increase of over 1%. Key levels to watch include:

- Resistance: $170.37, $176.66, and $183.26.

- Support: $156.75, $151.08, and $144.08.

The Relative Strength Index (RSI) stands at 41.51, indicating neutral momentum. The 50-day Exponential Moving Average (EMA) is at $168.59, suggesting a downward trend.

Solana’s position above the pivot point at $160.54 suggests potential upward movement. Breaking above immediate resistance at $170.37 could push it towards $176.66 and $183.26. Conversely, falling below $156.75 could lead to further declines. Investors should closely monitor these levels.

#BinanceSquareTalks

🚀💰 Exciting News Alert! 💰🚀

We consulted ChatGPT-4o to predict Ethereum's price when the first Ethereum ETF is listed, and you won't believe the potential outcome! 📈💥

Despite facing resistance around $3,800, Ethereum has seen a strong YTD rise of 65.58%, currently priced at $3,660.17. But brace yourselves, because things are about to get even more exciting! 🌟

According to Finbold's analysis, once Ethereum ETFs hit the market, Ethereum's price could skyrocket to an impressive $4,750! 🚀🔥

This optimistic outlook factors in the anticipated influx of institutional and retail investors, along with improved market sentiment towards Ethereum post-ETF approval. 💼💎

But wait, there's more! ChatGPT also considers other ETH-specific factors, such as market dynamics following the 'merge,' further bolstering the $4,750 price target. 🔄💡

However, keep in mind that this prediction isn't set in stone. Depending on various factors, including investor behavior and market dynamics, Ethereum could potentially surge even higher to $5,000! 📈💰

Join the conversation on #CryptoTrends2024 #BinanceSquareTalks and stay tuned for more updates as Ethereum's journey to new heights unfolds! 🌐🚀
#EarnFreeCrypto2024 $BTC

💥💥💥 #bitcoincash (BCH) Price Reclaim $600 after #EthereumETF Approval?

Bitcoin Cash (BCH) saw a 5% rebound to reclaim $490 on May 24, with recent whale activity suggesting further upside potential.

Ethereum ETF Sell-the-News Triggers BCH Volatility

- After the SEC approved the Ethereum ETF on May 23, Bitcoin Cash dropped 11% to a weekly low of $472 before rebounding 5% to $490 by Friday evening. This volatility is due to a "sell-the-news" reaction from swing traders & short-term investors.

BCH Price Action After Ethereum ETF Approval

- The "sell-the-news" strategy, where investors sell off holdings at the peak of bullish news to secure early profits, seemed to play out in the BCH market. After the Ethereum ETF approval, BCH prices plummeted 11% but quickly rebounded.

Whale Investors Boost BCH Holdings

- On-chain data shows that despite a sell-off by swing traders and retail investors, whale investors remained bullish. Santiment data reveals that wallets holding at least 1,000 BCH increased their holdings by 10,000 BCH to a total of 11.93 million BCH since May 20.

- At the current price of $496 per coin, BCH whales have invested approximately $5.2 million. Large whale purchases typically create bullish pressure by reducing market supply & boosting confidence in the asset's future performance.

BCH Price Forecast: Targeting $600

- Following a recent rebound, Bitcoin Cash seems poised to move toward $600, especially if whale buying continues to counteract swing trader selling. The Parabolic SAR indicator supports this bullish outlook, with SAR dots indicating strong support at $454, well below the current price of $493.

- However, BCH faces short-term resistance at $530. Breaking through this level could attract more buyers, potentially pushing the price toward the $600 target.

In summary, Bitcoin Cash's recent price movements, coupled with significant whale activity, indicate potential for further gains, especially if the buying trend continues & resistance at $530 is overcome.

Source - thecryptobasic.com

#CryptoNews🔒📰🚫 #BinanceSquareTalks

🚀🚀🚀 #Celsius (CEL) price up 145% as sentiments improve on amplified #whale actions 

Celsius (CEL) led the crypto gainers with a remarkable surge over the past day, jumping nearly 145% to hover at $1.30 at the time of writing.

Celsius’ 145% Surge

- Celsius outperformed the broader #CryptoMarket , which was showing signs of recovery. This surge was fueled by massive trading volumes and heightened whale activity. Celsius saw its trading volume soar 1,300% in the past day, reaching $10.35 million.

- This impressive daily performance outpaced top digital assets like Bitcoin and Ethereum, which saw gains of 1.55% and 0.21%, respectively.

Community Reacts to CEL’s Surge

- The 30-day inflows for Celsius indicate an upward trend, but the sudden 140% upswing in a single day caught many by surprise. Some market participants have labeled CEL’s explosive rise as a pump-and-dump move. Such sudden surges in the crypto world often lead to sharp declines.

- Additionally, it appears that a single whale may be behind CEL’s current movements, making the altcoin susceptible to significant fluctuations.

- It remains to be seen whether Celsius will maintain its current highs.

Source - invezz.com

#CryptoTrends2024 #BinanceSquareTalks

We asked #chatgpt -4o what will be $ETH price when first #EthereumETF is listed; Here’s what it said

While Ethereum (ETH) has performed well in the 2024 cryptocurrency bull market, it has struggled to reclaim its all-time highs (ATH), unlike many other coins, including Bitcoin ($BTC ).

Currently priced at $3,660.17 with a 65.58% year-to-date (YTD) rise, Ethereum has faced strong resistance around $3,800 and failed to sustain a valuation above it despite multiple attempts.
However, the approval of spot exchange-traded funds (ETFs) announced on May 23 is expected to bring a new wave of institutional and retail investors to Ethereum, potentially changing its trajectory.

Consulting ChatGPT-4o, Finbold predicts Ethereum's price could skyrocket to $4,750 once the first ETH ETFs are listed. This optimistic outlook factors in the expected influx of investors and improved market sentiment towards Ethereum post-ETF approval.

ChatGPT also considers other ETH-specific factors, such as market dynamics following the 'merge,' in arriving at the $4,750 price target.

However, ChatGPT acknowledges that this prediction is not the only possible outcome. If ETH ETFs lead to greater inflows than anticipated and ETH maintains a price above $4,000, the cryptocurrency could surge even higher to $5,000.

Conversely, if excessive profit-taking occurs post-listing, similar to the BTC ETF approval in January, Ethereum's price might experience a temporary dip.

Source - finbold.com

#CryptoTrends2024 #BinanceSquareTalks