SingularityNET (AGIX) has been one of the most exciting assets in the cryptocurrency market this year, with an astonishing jump of +1,109% over the five-week stretch of January 3rd to February 6th, according to data by Santiment. However, after this impressive rise, the price of AGIX has been choppy and uncertain.

Now, a massive transaction of 100M AGIX, worth approximately $50M, was made from one of the largest known exchange addresses to another. This transaction is the largest made on the network in 14 months, and it has sparked curiosity and speculation among investors.

The sending address of the transaction holds a combined $9.92B in altcoins, with its largest portion in BUSD, and it has been increasing its stake in AGIX massively throughout the past year. On the other hand, the receiving address holds a combined $1.23B worth of altcoins, and its historical accumulation of AGIX had led to price drops in the past.

It’s important to note that both addresses involved in the transaction are exchange addresses, which could indicate simple asset shuffling. However, given the amount of money involved and the history of these addresses, investors are closely monitoring the price action of AGIX in the coming days.

SingularityNET currently sits as the 75th largest market cap asset in the crypto market, and the recent transaction has added to the uncertainty surrounding its price. While the $50M transfer could be interpreted in different ways, investors are waiting to see how it will affect the market and whether it will lead to a surge or drop in the price of AGIX.

#AGIX #SingularityNet #Whale #azcoinnews #GPT-4

This article was republished from azcoinnews.com

According to the Twitter account Lookonchain, a mysterious whale saved tens of millions of dollars in cryptocurrency after the infamous events in the crypto market in early November of last year.

Furthermore, this investor made a tidy return when USDC stablecoin was on the verge of de-pegging from USD. This whale was fortunate to withdraw 4 million USDC and 10,646 Ether (approximately $19 million) from the controversial cryptocurrency exchange FTX before withdrawals were suspended in early November 2022.

Back then, investors and creditors could not recover billions of dollars in cryptocurrency from FTX, which ultimately declared bankruptcy.

With the recent upheaval created by the closure of many big crypto-friendly institutions in the United States and the resulting blow to stablecoins, this whale made almost $200,000 in USDT. In contrast, the USDC stablecoin nearly lost its USD peg.



This SmartMoney wallet moved 7,868 ETH (about $14 million) to the Binance exchange. The @lookonchain Twitter account wonders who this whale is because the transactions detailed above may indicate that he had some insider information (at least about the upcoming crash of FTX). Still, there is no data to confirm that at the time.

#FTX #USDC #ETH #Whale #azcoinnews

This article was republished from azcoinnews.com

A massive transfer of $72,999 ETH, which is approximately $129 million, has been recorded by blockchain monitoring site Whale Alert. The transfer was made from one wallet to another, both of which contained almost identical tokens, indicating that they are possibly associated with the same whale.

Following the transfer, the receiving wallet sent 83,000 ETH to an unidentified wallet, causing many to speculate on the purpose of the transfer. This comes in the wake of consistent purchases of Ethereum by whales throughout the week, with one whale spending $293M to buy 167,696 ETH from Gemini.

@azcoinnews

The statistics compiled by Glassnode show a marked increase in the number of ETH withdrawals from cryptocurrency exchanges, with the number currently standing at 3,181.030. This coincides with a new high of 96,112,215 “non-zero addresses” for Ethereum.

Furthermore, the market value of staked ETH on the Beacon chain has increased to $31.31 billion, with 17,852,023 ETH staked. This has been attributed to the increased staking activity due to the upcoming Ethereum Shanghai mainnet update, scheduled to take place on April 12 at 10:27:35 PM UTC.

These events highlight the increasing interest and investment in Ethereum, despite the volatility of the cryptocurrency market. With the Shanghai upgrade set to improve the performance and scalability of Ethereum, it is likely that the interest and investment will continue to grow.

#ETH #Ethereum #Whale #crypto2023 #azcoinnews

This article was republished from azcoinnews.com

In the world of cryptocurrencies, any news about big transactions involving Bitcoin (BTC) can cause a stir in the market. Lookonchain, a blockchain analytics platform, reported today that a BTC whale has transferred a massive amount of Bitcoin to Binance. The whale moved 2,500 BTC, worth around $62 million, to Binance just 30 minutes ago.

This transaction has caught the attention of many investors and traders, as it indicates that the whale might be planning to make a move in the market. The transfer was made from the address 3Qrx7c1f2SmubFMJvKJnFW37YwacQmxDqq, which is one of the largest Bitcoin addresses with over 17,000 BTC. The owner of the address is not known, but it is speculated that it might belong to an institutional investor or a high net worth individual.

What’s interesting about this transfer is that the whale received a total of 15,762 BTC from two major cryptocurrency exchanges, Huobi and Binance, on three different occasions in the past. The transactions took place on Oct. 5, Nov. 11, and Dec. 1, 2022, with an average receiving price of $19,967. This means that if the whale decides to sell the BTC at the current price of $24,862, he could make a profit of $12.24 million.

The cryptocurrency market is known for its volatility, and any large transaction can have a significant impact on the price of Bitcoin. While it’s difficult to predict how this transfer will affect the market, traders and investors are keeping a close eye on the situation.

The transfer to Binance also indicates that the whale might be planning to sell his BTC on the exchange or use it for other purposes. Binance is one of the largest and most popular cryptocurrency exchanges in the world, with a daily spot trading volume of over $36 billion. It’s also known for its high liquidity, making it an ideal platform for traders and investors to buy and sell cryptocurrencies.

The transfer of 2,500 BTC by a whale to Binance has sparked interest and speculation in the cryptocurrency community. While the owner of the address remains unknown, the transaction shows that the whale might be planning to make a move in the market. As always, traders and investors need to keep a close eye on the situation and monitor any changes in the market.

#BTC #Bitcoin #BitcoinWhale #Binance #Whale

This article was republished from azcoinnews.com

As the world of cryptocurrencies continues to expand and evolve, new data on the distribution of bitcoins among various players is becoming increasingly important for investors and analysts. According to recent data by CryptoQuant, large players currently control a significant portion of the bitcoin market.

Analyzing the UTXO Value Bands, an indicator that displays the distribution of all unspent transaction outputs by their value, CryptoQuant found that Dolphins and Sharks, mid-sized players with 100-500 BTC and 500-1,000 BTC respectively, control 29.57% of the market. Meanwhile, Whales, Humpbacks, and Megawhales, which represent players with 1,000-5,000 BTC, 5,000-10,000 BTC, and over 10,000 BTC, respectively, control 31.57% of the market.

@azcoinnews

Taken together, these large players control 61.14% of all bitcoins. This means that the market is highly sensitive to the actions of these players, with their buying or selling of large volumes of bitcoins causing significant price fluctuations.

At the same time, the data also shows that there is still significant potential for growth and increased participation of retail investors, as smaller participants and investors currently hold only 38.86% of the market. This suggests that cryptocurrencies are still a relative niche investment instrument, and there is room for further expansion and diversification.

Looking at the Bitcoin Address Balance Distribution by Cohorts, we see that the wealthiest group of wallets, which controls 31.57% of the market, accounts for only 4,151 wallets. This highlights the fact that, despite the growing popularity of cryptocurrencies, the number of investors with significant holdings of bitcoins remains relatively small.

#Bitcoin #BTC #Whale #crypto2023 #azcoinnews

This article was republished from azcoinnews.com

REXBOX –
A crypto whale has lost $4.46 million in a phishing scam when USDT was illicitly transferred from the owner’s wallet on Kraken to a scammer’s wallet.
Crypto Scammers Strike Again
The scam was flagged by PeckShield, a blockchain security company, which labeled the address ending in “ACa7” as a phishing scammer’s address. Soon after, Scam Sniffer, a blockchain scam platform, added information about the incident, revealing that the funds were routed to an address connected to a “fake Coinone crypto mining exchange.”

Although the specifics of how the scam was carried out are still being investigated, the huge amount at stake highlights the sophistication employed by the cybercriminals.
Phishing has become a common approach to scamming as more people are becoming vigilant against other methods. Based on data from a Dune Analytics dashboard, scammers have used phishing and other similar methods to steal a total of $337.1 million USDT from as many as 21,953 victims since September 2021.
According to the Global Anti-Scam Organization, victims of this particular approval mining scam are frequently duped into approving limitless withdrawals from their cryptocurrency wallets.
“When you create a self-custody crypto wallet […] you obtain a ‘private key’ that is safeguarded through encryption. However, the fraudsters do not need your seed phrase,” GASO said. Explaining on its website, GASO stated that when a victim clicks the link to join the phony mining pool, they’re clicking on a button that will seek a $10–$50 network charge in Ether.
While this amount might seem reasonable, GASO suggests it is to trick the user. “This is merely a front to obtain your digitally signed authorization, allowing unlimited access to your wallet via the USDT smart contract.”
Phishing Scams: A Rising Threat
It’s vital to note that phishing schemes might rank as the fourth most popular kind of fraudulent method by the end of the year.
This incident follows a similar one that took place earlier in September where a crypto whale lost a staggering $24 million worth of various crypto assets from their Ethereum wallet to a phishing scam. This was registered as one of the biggest individual crypto thefts caused by the phishing attack to date.

The stolen assets comprised 9,579 Lido Staked ETH (stETH), valued at around $15.6 million at the time, and 4,851 Rocket Pool ETH (rETH), valued at approximately $8.5 million.
Given the rise of phishing scams both in the number of incidents as well as the magnitude of loss, authorities and organizations alike are advising cryptocurrency users to adopt strong security precautions. These include protecting private keys, exercising caution when responding to unwanted offers or demands for personal information and even conducting extensive research before choosing to join phony crypto schemes.
#Crypto #Whale #Loses #Million #Elaborate

A huge crypto whale unloaded nearly $505 million worth of Ethereum (ETH) to Binance in a single transfer on Monday.

Blockchain tracker Whale Alert first noted the transaction, which only cost about 0.00183 ETH (worth roughly $3.38).

Crypto analytics firm Santiment says the move represents one of the largest self-custody-to-exchange transfers in the past five years.

“With a $505 million transfer of Ethereum tokens on to Binance today, this is one of the largest self-custody to exchange transfers in 5 years. It also spiked the ETH network to its largest daily exchange supply increase since the day before the merge.”

Source: Santiment/Twitter

It wasn’t the only unknown wallet to move a huge amount of Ethereum onto an exchange this week.

A separate address sent roughly 77,482.16 ETH across six separate transactions to a handful of different Coinbase addresses over a 12-hour period on Monday, according to Etherscan. Whale Alert first reported on the transactions.

With ETH trading at $1,873 at time of writing, those six Coinbase transactions are currently worth a total of $145.35 million.

Ethereum is up 3.31% in the past 24 hours and nearly 1.74% in the past seven days. The second-ranked crypto asset by market cap is also up more than 56% since the start of 2023, though it remains more than 61% down from its all-time high of $4,878, which it hit in November 2021.

source: dailyhodl

#ETH #Ethereum #WhaleAlert #Whale #crypto

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

A dormant #address containing nearly 1500 #Bitcoin [BTC] recently got activated after a period of 10.2 years. The transfer was first spotted by #blockchain tracker and analytics system reporter #Whale Alert. According to on-chain data, the transaction took place on June 8, 2023 at 05:23:06 UTC

Specifically, the whale transferred all the 1,432.93 coins to a new address. A fee of 0.0010743 BTC, or $28.38, was endured by the whale to facilitate the same. On-chain smart money tracker Lookonchain pointed out,

“The whale received 1,432.92 BTC on Apr 9, 2013, when the price was $195.4.”

A BTC whale that has been dormant for 10.2 years transferred all 1,432.93 $BTC($37.8M) to a new address"bc1psv" 5 mins ago. The whale received 1,432.92 $BTC on Apr 9, 2013, when the price was $195.4.https://t.co/17R0UqEBKC pic.twitter.com/e0LkSfn5t3

— Lookonchain (@lookonchain) June 8, 2023

Other Bitcoin #Trends

On the macro-front, the dormant supply has been on the rise since the beginning of this year. Data from Glassnode revealed that the amount of supply last active 2 years to 3 years just reached a 5-year high of 2,980,770.566 BTC, justifying the said narrative.

Source: Glassnode

Parallelly, the number of non-zero addresses also continue to rise. In fact, they clinched a new all time high of 47,543,668 today, indicating that market participants continue to add BTC to their bags. Alongside, the number of addresses possessing more than 0.1 coins also recently attained peak of of 4,385,581.

Here, it is also interesting to note that the market has also managed to move-on from the “fear” phase. On Thursday, the Bitcoin Fear and Greed Index flashed a neutral reading of 50, bringing to light the refining trend. At press time, Bitcoin was seen exchanging hands at $26.5k.