Pepe Coin Whale’s decision to deposit a staggering 1 trillion coins to Binance has sparked bearish sentiments among market participants despite the PEPE price rally today.
Pepe Coin has once again magnetized considerable investor interest in the broader crypto market, primarily with its on-chain dynamics.
Amid a significant PEPE price rally today, a well-known whale has unloaded nearly 1 trillion PEPE on Binance, causing serious concern among crypto market participants.
Although a sale transaction has not yet been confirmed, the move has triggered a domino of bearish sentiment on future price movements.
Let’s take a closer look at why and if Pepe Coin’s market dynamics are indicative of future movements.
Whale collects 1.1 Tln coins on Binance
According to detailed on-chain insights provided by Arkham Intelligence, Whale address 0x837 executed a series of 3 transactions today, June 26th, transferring 1.1 trillion PEPE to Binance.


The first two transactions involved 400 billion coins, each transferred to Binance. Meanwhile, a third transaction illustrated the transfer of 300 billion coins to the same exchange.
In total, $14.42 million worth of PEPE was deposited into Binance, which, if sold at the current price, would result in a loss of $894K. However, it is also worth noting that the said whale still has 300 billion coins.
A report from itscryptobasic, Media further highlighted the transfer of a whopping 700 billion Pepe coins to Binance from the same address yesterday.
Given the recent turmoil in the crypto market, the reasons behind these transfers are uncertain, with panic selling sentiment as a possible explanation. However, the sale order has not yet been confirmed.
In the interim, Pepe Coin seems to have borne the brunt of the implications arising from this transaction. After reaching a peak of $0.00001326 today, meme coin price dropped, according to CoinMarketCap data.
This falling price momentum coincides with strong reserves on Binance today, although PEPE still trades in the green.
The price of PEPE is increasing.
As of writing, PEPE price has seen a 6.06% increase to trade at $0.0000124. The token’s 24-hour low was recorded as $0.00001157.
Coincident with the price increase, Coinglass data shows market growth for Pepe Coin as its futures OI and derivatives volume increased significantly.
PEPE futures OI rose 3.63 percent to $130.59 million, while volume rose 2.26 percent to $1.86 billion. This is in contrast to the market sentiment generated with large-scale Whale transfers.
Additionally, the RSI weakened the Whale, sitting at 52, indicating broader neutrality for the asset.
Also, a popular crypto market enthusiast named ‘Elja’ recently told X, “PEPE is ready for the next phase. Did you buy the dip?” Weighing the scale further towards the optimistic side for memecoin.
$PEPE

Binance Thailand announced support for LUNC and restoration of USTC to $1, a continued commitment to the LUNC community promised by Binance CEO Changpeng Zhao.
Crypto exchange Binance TH, a joint venture between Binance and Gulf Energy, announced on Saturday a recovery effort and promotion of LUNC and USTC trading on the crypto exchange.
The Terra Classic ecosystem tokens were listed by Binance TH this week, garnering a lot of attention from the Terra Classic community.
Binance TH Announces “LUNC From Destruction to Resurrection
In a post on the X social media platform on June 15, Binance TH asked “LUNC from collapse to resurrection?” introduced Event for the crypto community.
Binance TH by Gulf Binance is looking for people who have experienced the Terra-Luna crisis and still believe in the revival of LUNC.


“Binance TH by Gulf Binance will contact those who have suffered the most from LUNC to invite them to join the discussion and share their experiences with us through Binance TH Live. There will be H Swag and special prizes,” the crypto exchange said.
Former Binance CEO Changpeng Zhao began supporting the recovery of Terra Classic after the community and developers took the reigns. Binance has burned 60.42 billion LUNC tokens in a burn campaign to remove tokens for supply.
$1 from LUNC and USTC
LUNC developer groups, validators, and the community are actively supporting the restoration of LUNC to $1 and the USTC repeg to $1.
Meanwhile, developers are considering Terra Luna Classic’s proposal to implement Tax2Gas and remove the need to separate tax handling and calculation.
As proposed by StrathCole and Genuine Labs, Tax2Gas will add tax to gas and reduce complexity for dApp developers.
LUNC price increased by 0.21% in the last 24 hours, currently trading at $0.00097. The 24-hour low and high are $0.0000918 and $0.00009709, respectively. Additionally, trading volume fell by 12 percent in the last 24 hours.
Meanwhile, USTC also climbed 0.5%, with the price now trading at $0.0183. The 24-hour trading volume saw a 22% increase in the last 24 hours as traders bought the dip.
$LUNC

The Shiba Inu dog-themed meme coin increased its burn rate today, exceeding 800% with over 100 million coins burned. SHIB Price Drops Today, Is Rally Ahead?
The Shiba Inu meme cryptocurrency has received a lot of investor excitement today, further fueling the rise in its burn rate. Notably, insights from the Sheeburn tracker show that the Sheba Inu burn rate has increased by more than 800% in the past 24 hours, burning 100 million tokens.
This chronicle puts a shot of market optimism into the dog-themed meme coin as supply continues to suffer. Meanwhile, a few bullish factors further fuel the fire of bullish optimism going forward for Shiba Inu.
Burn rate spikes amid growing SHIB adoption
The increase in Shiba Inu burn rate comes with another development that indicates the growing adoption of SHIB in the crypto realm.


Amazingly, the crypto space saw the first time a meme coin was used to pay for a complete web3 food delivery order (SHIB), per The Shib Magazine. This marks the mainstream adoption of SHIB as a payment method.

On the other hand, Shiburn’s data highlighted an 859.83% increase in burn rate, which is mainly attributed to the destruction of 107.08 SHIB tokens during the previous day. A total of 410.72 trillion SHIB have been taken out of supply till date.
However, despite burning a significant number of coins, SHIB has traded sluggishly over the past 24 hours, leading to speculation about its future movements.
SHIB price dropped
SHIB price chart showed a decrease of 0.27% since yesterday and is currently trading at $0.00002166. Weekly charts indicate that Shiba Inu corrected 14.20%.
However, the hourly time frame chart shows that the token gained 0.41%, which coincides with an increase in the burn rate. Nonetheless, traders and investors remain cautious due to the extremely turbulent nature of the crypto landscape.
Data from Etherscan shows a significant increase in Shiba Inu holders, totaling 1.39 million as of today, June 14. Despite the recent price correction, this is a silver lining for the token, pointing to a potential buying strategy among market participants.
However, the derivatives market saw a significant drop in trading activity and investor interest in the asset, coinciding with the decline in value.
SHIB Futures OI saw a decline of 1.68%, while derivatives volume fell by 64.37%. In addition, the RSI also moved around 38, justifying SHIB’s downside.
However, as the burn rate continues to rise, due to SHIB’s increasing adoption and increase in token holders, market sentiment suggests that a potential bullish price reversal awaits. It’s worth noting that even though talk of BTC’s post-halving rally has cooled, market experts believe it’s yet to go further, driving altcoins higher.
$SHIB

Uniswap Labs secures Crypto: The Diversion, boosting UNI token by 6%, and plans to create modern intelligently crypto encounters.
Uniswap Labs has procured the prevalent blockchain-based diversion Crypto: The Amusement (CTG). This declaration takes after a surge in the UNI token cost, which saw a 6% increment on the three-hour cost chart. Mary-Catherine Lader, Chief Working Officer at Uniswap Labs, communicated excitement approximately joining CTG’s locks in on-chain encounters with Uniswap’s offerings.
Uniswap Labs Secures Crypto: The Game
To do this, it has deliberately obtained CTG, which adjusts with its vision of making blockchain intelligent fun and direct. We have seen the porosity that CTG has made; the challenge is to bring more humankind and fun to these on-chain encounters, Lader expressed.
Whereas the full subtle elements of the genuine understanding can as it were be speculated at, it was detailed that the installment included cash, tokens, and value stakes.
The buy is a trade bargain and participation that points to drive the advancement of the crypto recreations. The group of Uniswap will be staffed by originators of CTG – Dylan Abruscato, Tyler Cagle, and Bryan Lee. The union will look for advance advancement in the following season of CTG’s third season, nearby displaying modern crypto-experience interaction.
Eminently, the companies underlined their choice that the amusement will not contain any showcasing of Uniswap wallet or an trade to protect the nature of the game.
Crypto The Amusement has individuals snared on the crypto world and pulls in modern crypto community individuals. The number of individuals who as it were bet on this amusement but are unused to cryptocurrency is accepted to be around 10%–15%, illustrating that it can serve as an section point to DeFi. The E-Sports amusement has successfully drawn the consideration of community orders, such as crypto masters and wander capitalists.


Some of the fundamental procedures that have contributed to CTG’s religion status in its past seasons incorporate sponsorship from a few of the biggest brands over the globe, such as Addidas, and organizations with firms managing in crypto, such as Wormhole.
The competition challenges the players each season, and the organize is comparative to TV appears such as Survivor, which has supported this format’s popularity.
UNI Token Picks up 6% on Securing News
On the 3-hour cost chart, the UNI cost has appeared promising patterns, reflecting positive financial specialist assumption taking after the procurement news. Closing the most recent interim at $10.441, the token’s 6% increment implies a strong advertise reaction.
The Relative Quality List (RSI) is nearing the overbought region at 64.60, proposing potential for future cost solidification or pullback if the advertise sees UNI as exaggerated.

In addition, the Moving Normal Joining Dissimilarity (MACD) marker presents a bullish viewpoint. With the MACD line balanced to cross over the flag line, dealers may decipher this specialized pointer as a purchase flag, possibly encourage driving the buying energy for the UNI token.
$UNI

The Solana team announced the v1.18.15 mainnet upgrade amid an increase in network demand. Will the upgrade help SOL prices move towards $250?.
Solana is gearing up for another mainnet upgrade as validators are asked to upgrade to a new stable release to power the Solana blockchain. Solana’s team is gearing up to curb pressure and congestion on the chain amid the meme coin frenzy and massive demand for platforms on the Solana-based blockchain.
Solana v.18.15 upgrade preparation
The Solana team has recommended the v1.18.15 release for general adoption for mainnet upgrades, according to a Solana Status post on June 10.
The upgrade was planned primarily to address major congestion issues on the network due to the Solana-based memecoins launch. . The Solana team asked to upgrade the maint beta validator to the v1.18.15 release.


The upgrade will contain key changes such as updating the bump version to v1.18.15, a stable release suitable for use on Maint Beta. According to the GitHub release, it adds certificate authority (ca) certificates to the Docker image, bugfix clean_queue to push valid transactions back to the queue, and metrics for threshold failures.
Also, it will integrate scheduler optimization as a worker precompile verification and only create a reduced checklog during the consensus process.Verifiers are asked to update when less than 5% penalty is at stake and report any issues while monitoring nodes. Developers and verifiers are ready for the upgrade as this is a much awaited upgrade and some previous updates have caused problems on the network.
The price of the SOL reached $250
The price of SOL increased by 1% in the last 24 hours, the price is currently trading at $159.62. The 24-hour low and high are $158.83 and $162.92, respectively. However, trading volume has decreased by 20% in the last 24 hours, which indicates lack of interest from traders at the moment.
$SOL
Solana’s all-time high is $260.06 and analysts believe the price could hit a new ATH in this bull run. In March of this year, SOL hit an all-time high of $210, but the rally fizzled due to a number of factors, including a delay in Fed rate cuts. Traders will have their eyes on $210 again before moving further to $250.

Bitcoin’s price has been a hot topic amid market volatility, while a fresh analysis by a leading research firm has given new hope to investors.
Bitcoin, the flagship cryptocurrency, has recently captivated the crypto market due to its volatile performance. After a strong run in the past week, BTC has seen a dip following strong US jobs data.
Meanwhile, amid these ups and downs, a new analysis from 10X Research suggests that Bitcoin may be on the verge of a major rally. The prediction has caught the attention of both traders and long-term investors, indicating potential upside for the digital asset.
On-chain activity signals a big week
Bitcoin’s recent movements have been closely scrutinized by market analysts. According to 10X Research, about 100,000 bitcoins were withdrawn from exchanges last month, worth about $6.75 billion.
Notably, this exodus from crypto exchanges was largely led by two major US platforms: Kraken and Coinbase. Kraken saw the return of 55,000 Bitcoins, worth about $3.8 billion, while Coinbase experienced the return of 24,000 Bitcoins, worth $1.7 billion.


Meanwhile, this massive pullback indicates potential bullish sentiment among investors. When large amounts of bitcoin are removed from an exchange, it usually indicates that holders intend to hold onto their assets rather than sell them in the near future.
This trend can tighten the supply available on the exchanges, causing the price to rise if demand remains stable or increases.
In particular, the firm’s analysis, shared on social media platform X, highlights the unprecedented nature of these withdrawals and the implications for bitcoin’s price action.
Bitcoin price and performance
Current market dynamics suggest that Bitcoin is preparing for a major breakout. The combination of low exchange supply and the lingering effects of the Bitcoin halving could create the perfect conditions for a price surge.
In particular, investors and analysts alike will be keeping a close eye on the market for signs of a breakout, potentially making this an important week for Bitcoin.
However, the market’s recent volatile performance, particularly after strong employment data, has raised concerns about a tighter stance by the Federal Reserve.
Now, the market will keep a close eye on this week’s US Consumer Price Index (CPI), and PPI data to track inflation levels in the country. In addition, the FOMC interest rate decision will also play an important role in shaping market sentiment.
As of writing, bitcoin was up 0.23 percent and trading volume rose 19 percent to $15.27 billion, exchanging hands at $69,432.50. The crypto touched a high of $69,817.52 in the last 24 hours, after touching a 30-day high of $71,946.46.
$BTC

Uniswap’s founder has just shocked the community with a semi-cryptic statement that could mean pushing for an end to fees.
A new X post by Uniswap protocol founder Hayden Adams suggests that the platform may consider eliminating gas fees.
Potential elimination of Ethereum gas fees
Taking X, Adams noted that no consumer should ever hear the term “gas fee.” His statement is a clear indication that Uniswap, as a decentralized exchange, has issues with gas fees and their impact on the user experience.
For context, gas fees are transaction costs for conducting transactions on the Ethereum blockchain paid in Ether. The issue of gas fees is a common concern because congestion usually drives up these costs. The Dencun upgrade happened recently and affected gas fees by reducing the fees payable on the Ethereum Layer-2 protocol.


Notably, Ethereum gas fees hit their lowest level in four years since 2020, remaining at 6.8 Gwei. Subsequent Dancon upgrades increased blobs and network performance, resulting in significantly lower fees. The upgrade has fueled developers’ interest in how gas prices could rise if market activity picks up.
As one of the largest decentralized exchanges (DEX), if Uniswap can eliminate gas fees on its platform, it could ultimately trigger a new wave of adoption.
The Ethereum ecosystem welcomes a number of upgrades.
Meanwhile, the Ethereum ecosystem has welcomed other upgrades over the past few months.
On Friday, Christine Kim, vice president of the research team at Galaxy, highlighted the latest work on the X platform that Ethereum (ETH) developers are doing regarding the Pectra upgrade. According to Kim, these developers agreed to further expand the scope of the Pectra upgrade with the inclusion of EOF and EIP 7702.
Electra is the upgrade, the next consensus layer-focused hard fork coming to Ethereum. Ahead of the proposed expansion of the Pectra Upgrade, Kim identified four key codes that the team behind the Pectra Upgrade plans to include. Ethereum protocol developers are integrating EIP 6110, EIP 7002, EIP 7251 and EIP 7549 into the Electra upgrade.
EIP 6110 allows a deposit processing protocol mechanism at the Consensus Layer and eliminates the currently used proposer voting mechanism.
Despite this widespread growth, Ethereum developers have not devised a way to completely eliminate fees, especially on the mainnet. Whether Hayden Adams can implement a no-fee structure remains to be seen, however, the community is interested in what the next steps are for the exchange.
$UNI

The Arbitrum Foundation launched a $215M fund to promote gaming on its Ethereum-based network to drive engagement and growth.
The Arbitrum Foundation, the team behind Arbitrum (ARB), an Ethereum Layer 2 scaling solution aimed at increasing transaction throughput, has decided to allocate a large amount of money to develop the gaming industry within its ecosystem.
The approved proposal is derived from the Gaming Catalyst Program (GCP), which will distribute 225 million ARB tokens, equivalent to $215 million, within three years. This change will help increase coverage and interest within the video games industry, targeting developers and potential gamers.


Arbitrum pledges $215M to boost gaming sector
Launched in March, the initiative has been warmly welcomed by the community, with 75% of voters approving it to go ahead. Prominent supporters were L2Beat, Wintermute, and gaming-focused Treasure DAO. Opponents such as Blockworks Research and Camelot DAO were against the move.
Afterwards, the Treasure DAO reacted positively on social media platform X in response to the approval of the statement, ‘Arbitrum is the home of gaming – let’s make some magic.’ .
The fund is primarily targeted at game publishing and development companies. New and emerging game developers can also take home a $500,000 ARB, which is about $483,000.
Large developers may seek investments that include value share through tokens, equity, or similar methods. These strategic investments are intended to help develop and grow new games in the rapidly growing Arbitrum gaming industry.
ARB Token Price Drops Despite New Program
A team of staff will be available to operate GCP on a daily basis. However, a five-person council with experience in gaming, venture capital, data analysis, and DAO governance will oversee the program.
This governance structure enables the management of funding to meet the DAO’s stated goals and objectives while also enabling new, innovative ways of working and being accountable. The Council also has a veto on investment decisions and team appointments to ensure proper implementation of the program and compliance with its rules.
GCP has set a budget limit of $25 million to control its operational costs. The DAO must approve any expenditure on this amount, indicating the program’s strict financial policy. Such rationale for governance and budget management is critical to program success and longevity.
Despite the positive developments, ARB price has seen a downward trend in the market. It is currently trading at $0.9638 with a decrease of 1.40%. Trading volume also declined by 32.17%, indicating a possible continuation of this bearish sentiment.
However, strategic investments by GCP are expected to stimulate long-term growth and attract new players and developers, potentially stabilizing and improving the performance of the token market.
$ARB

Find out how Aave’s approaching USDe lending limit marks a watershed moment in DeFi. Discover partnership milestones, liquidity strategies, and market insights shaping the future of decentralized finance.
In recent market developments, a notable partnership emerged between USDe and Aave, which provided key functionalities for users.
This support enabled users to perform two important operations seamlessly. First, users gained the ability to deposit USDe into the Aave platform, thus allowing them to leverage their position with other stablecoins available within the Aave ecosystem.
Additionally, users were given the option to deposit various types of assets, including stETH, weETH, ETH, and WBTC, on the Aave platform, thereby enabling them to borrow stablecoins denominated in Athena USDe or sUSDe.
The integration marks a significant step forward in interoperability within the decentralized finance (DeFi) space, providing users with better liquidity options and opportunities to generate revenue.
Aave protocol is reaching USDe lending limits
According to an announcement made by Seraphim, head of development at Athena Labs on the X platform, the Aave protocol is on the verge of reaching its USDe debt limit. With about $20 million left to reach the debt ceiling, customers were notified of this upcoming milestone.


Despite the near-term limit, users were provided with strategic opportunities to maintain exposure to tokens such as ETH while contributing liquidity to the Athena ecosystem.
In particular, users can engage in operations such as issuing weETH with a loan-to-value (LTV) ratio of 78.5%, borrowing USDC at around 9% interest, or converting USDC to USDe for a profit equal to 10x sats. Generous profits can be obtained.
Allaying concerns about the potential loss of ENA vesting associated with opening USDe and supplying it through Aave, Seraphim assured customers that such actions would not affect their vesting status. which provides assurance to participants within the ecosystem.
Aave market performance and recent developments
According to the latest market data, Aave (AAVE) is priced at $95.09, reflecting a 24-hour trading volume of $183,678,200.11. Over the last 24 hours, AAVE has experienced a -7.35% drop in price, with a further -8.32% drop over the past 7 days.
Aave currently has a market capitalization of $1,419,079,460, with a circulating supply of 15 million AAVE tokens. These metrics provide insight into Aave’s recent performance within the cryptocurrency market, highlighting price fluctuations and trading activity over a specific time frame.
Skywards, a prominent entity within the DeFi ecosystem, has proposed to integrate the stake version of Athena’s synthetic dollar, sUSDe, into Aave V3 on Ethereum.
This proposal follows the consensus reached during the TEMP CHECK phase, indicating possible enhancements to the Aave protocol.
$AAVE

Analyst ZeroHedge has reported a dramatic increase in Bitcoin hedge fund net shorts, reaching an all-time high. Things could get worse if BTC price loses the key support at $68,500.
The world’s largest cryptocurrency Bitcoin (BTC) and the broader cryptocurrency market have come under strong selling pressure with the BTC price losing support at $71,000 and falling all the way to $68,500. As of press time, Bitcoin (BTC) is trading at $69,404.43 with a market cap of $1.37 trillion.


Bitcoin hedge funds net shorts at record highs
Analyst Zerohedge has reported a substantial increase in Bitcoin hedge fund net shorts, reaching a new record high.
ZeroHedge commented, “Big jump in bitcoin hedge fund net shorts and a new record high. When it breaks, it will make Volkswagen/GME look like hobbyist hours.”
This increase in net shorts indicates extreme bearish sentiment among hedge funds, suggesting the potential for significant market volatility if these positions are forced to unwind. The situation parallels historical short squeezes, such as those seen with Volkswagen and GameStop ( GME ), which means that a similarly dramatic shift could occur in the bitcoin market.
Bitcoin and the rest of the crypto market crashed as the meme stock rally ended. On Friday, GameStop (NYSE: GME ) shares dropped a whopping 41% as Roaring Kitty went live.
Will the price of BTC be more accurate?
Crypto analyst Ali Martinez has identified an important support level for Bitcoin, emphasizing its importance to the cryptocurrency’s future trajectory.
“The most important support level for Bitcoin is now at $68,500! If BTC holds this level, it’s only from here,” said Martinez. According to Martinez, holding the $68,500 support level is crucial for Bitcoin’s continued upward movement.
$BTC

Wormhole (W), the native cryptocurrency of the interoperability platform powering numerous multi-chain applications, has seen a sharp jump of 12% in the past 24 hours, moving all the way past $0.70.
At press time, Wormhole is trading at $0.6786 with a market cap of $1.22 and a daily trading volume of over 150% to over $234 million.
Wormhole’s new governance feature
In the latest development, Wormhole has introduced a Stake for Governance feature for W token holders, marking a significant advance in its decentralized governance roadmap.
This new feature enables token holders to actively participate in governance, thus increasing the decentralization of the project. To ensure security, the wormhole has also implemented a daily transfer limit of 100 million W tokens from Solana (SOL) to EVM chains.
Wormhole is urging W token holders to stake their tokens and engage in governance decisions. Wormhole’s W token is now available on multiple chains, increasing its versatility and utility in decentralized finance (DeFi).
Users can access tokens on Solana, Ethereum, Arbitrum, Optimism, and Base through wormhole native token transfers (NTTs). On Solana, W serves as an SPL token, while on EVM chains, it serves as an ERC20 token.
Will the price of W Token continue to rise?
The 4-hour chart shows that the wormhole price has experienced a significant bull run over the past few weeks, rising from a low of $0.513 on May 14 to a high of $0.718.
The token has slightly crossed the key resistance level of $0.70 and has moved above the 50-period and 25-period moving averages. Notably, the W token has formed a rising wide wedge, a known bearish reversal pattern, and is now hovering near the upper boundary of the wedge.

As a result, there is a risk of a sharp reversal that could take the token to the bottom of the wedge at $0.60. Popular crypto analyst Michael Van de Popp has also added Wormhole to his altcoin portfolio stating that “$W holds its key level and staking has gone live. As long as it holds $0.60, it Should be fine.”
$W

Robinhood’s acquisition of crypto exchange Bitstamp gives the firm the infrastructure to list tokens issued by the XRP ledger, which Ripple also owns in Bitstamp.
XRP News: Commission-free investment firm Robinhood Markets is ramping up its push to grow exponentially outside the United States, acquiring crypto exchange Bitstamp for $200 million. Bitstamp is one of the largest and most popular crypto exchanges in Europe and Asia.
Robinhood said it will bring reliable and trusted institutional business to Robinhood. The acquisition is expected to be completed in the first half of 2025, subject to conditions and regulatory approvals.
Working with Robinhood Ripple
Ripple acquired a stake in crypto exchange Bitstamp from Pantera last year, shocking the industry as it also acquired crypto custody firm Metaco for $250 million. Ripple President Monica Long said the company’s acquisition of Bitstamp’s stake is an important move to help expand its global presence and expand beyond payments.
The crypto community said that Robinhood’s acquisition of Bitstamp is reminiscent of Ripple’s acquisition of an undisclosed amount of stake in the crypto exchange. This led to speculation of Robinhood and Ripple working together on several aspects, including the listing of XRP on Robinhood.
Bitstamp already has several stablecoins issued on the XRP ledger. This gives Robinhood indirect tech infrastructure to list the tokens issued by the XRP ledger. Tokens are used for cross-currency payments and can be traded on decentralized exchanges.
XRP Price Action Amid News
Ripple CEO Brad Garlinghouse and President Monica Long are confident about an XRP ETF and stablecoin, highlighting XRP as a crypto with regulatory clarity.


Along with the XRP price trading in the last 24 hours, the price is currently trading at $0.526. The 24-hour low and high are $0.522 and $0.530, respectively. Additionally, trading volume has decreased by 12% in the last 24 hours. The derivatives market saw mixed trading over the past 24 hours, with XRP futures up more than 1% overall.
The XRP Army is awaiting Judge Torres’ final ruling in the Remedies phase, setting the stage for a direction and possible decision in the Ripple v. SEC case.
$XRP

Cardano (ADA), Shiba Inu (SHIB), and JasmyCoin (JASMY) prices are likely to rally due to a massive increase in whale activity.
The recent recovery in the crypto market has brought some altcoins into the buying range, even before the whales start collecting them before the price rises.
On-chain data identified three altcoins seeing massive whale activity — Cardano (ADA), Shiba Inu (SHIB), and JasmyCoin (JASMY). Are these three trending cryptocurrencies in an early bullish phase?
ADA, SHIB, JASMY recorded massive whale activity
Whale interest in Cardano (ADA), Shiba Inu (SHIB) and JasmyCoin (JASMY) has surged over the past few days, as reported by on-chain data platform Santiment on June 6. .
The amount of $100K+ transactions on the Cardano, Shiba Inu, and JasmyCoin networks more than doubled this week compared to the 2024 average, indicating a sudden mass accumulation by the whale. A large rally by whales is considered a buy signal because whales tend to buy low and sell high.
Cardano Whale has gradually added ADA to its holdings since April. According to IntoTheBlock, a Cardano whale holding between 100 million and 1 billion ADA collected 11% of its wallet. This group of whales now accounts for 6.71% of the entire ADA supply.


Lookonchain revealed that 9 wallets spent $35.2 million to buy 1.356 trillion SHIB. Today, a whale (0xa14) collected 37 billion SHIB from Binance.


JASMY is witnessing massive buying from whales and retail investors. However, booking profits during buybacks is also unusual.


Cardano, Shiba Inu, Jasmy Price Performance
ADA prices rose more than 4 percent this week. The price is currently trading at $0.459, down about 1% in the last 24 hours. The 24-hour low and high are $0.457 and $0.463, respectively. Additionally, trading volume has decreased by 17% in the last 24 hours.
SHIB price fell 2% in the last 24 hours, the price is currently trading at $0.00002557. The 24-hour low and high are $0.00002548 and $0.00002627, respectively. 24-hour trading volume fell by 3 percent.
JASMY price increased by 56% in one week and more than 100% in one month. However, the price is trading at $0.03877 after DWF Labs decided to offload some holdings. 24-hour trading volume has fallen by 60%.
$ADA $SHIB $JASMY

Shiba Inu is up 8% today due to a massive jump in the market which has seen traders grab millions of dollars worth of SHIB.
Digital assets have recorded a turnaround this week with SHIB showing bullish activity in the last 24 hours. Top crypto assets, memecoins, and decentralized finance (DeFi) protocols have lower market leverage. Bitcoin is hovering around $71,000 while meme coins like Shiba Inu are attracting new inflows.
One crypto trader spent $14.88 million to buy SHIB in the last six hours as the price rallied. According to crypto-analytics platform Lukonchain, citing Etherscan data, one trader spent about $18.4 million worth about 4,849 ETH to buy 715.9B SHIB. This comes after SHIB’s price surged along with other crypto assets today.
Trader made millions from Shiba Inu
Earlier, traders made a fortune by buying meme tokens. The trader spent $400,000 to buy 5.5T coins and sold them for $121 million on two picks. Transactions that earned him more than $120 million attracted users to the token.


Recently bullish sentiments have shaped SHIB’s narrative with a large movement of assets recorded today. A whale that received 167 billion SHIB in 2021 created an additional 173 billion SHIB, Spotonchain wrote on X.
SHIB price increased by 8%
Shiba Inu rose 8.2% today after positive intraday trading and a swing in market sentiment. These gains narrowed the weekly losses to 5.1% and kept the monthly figure in the green zone at 3.1%. With the asset’s market capitalization at $15.2 billion, its daily trading volume increased by 48%. Although SHIB is down 70% from its all-time high, bulls believe the coin could hit further milestones.
Other meme coins and altcoins also gained heavily, fueling new arrivals in the crypto market.
$SHIB

South Korean crypto exchange Upbit recently revealed plans to support Ethereum L2 Taiko with three new trading pairs: BTC, USDT, and KRW.
Upbit, a South Korean cryptocurrency trading company, recently revealed plans to support Ethereum L2 Taiko, as the firm released today, June 5. Upbit gained additional popularity as the announcement took effect.
Notably, the South Korean cryptocurrency exchange announced plans to support three new trading pairs for Taiko. Here’s a closer look at the official announcement.
Upbit to offer market support in BTC, USDT, and KRW trading pairs
As part of its support for Ethereum L2, Upbit will introduce three new trading pairs: Bitcoin (TAIKO/BTC), Tether (TAIKO/USDT), and South Korean Won (TAIKO/KRW). This diverse range of trading pairs, which will be available for trading after 22:00 Korean Time (KST) (GMT+9) on June 5, offers Upbit users a variety of options to engage with Taiko crypto.


Upbit has outlined some important trading rules and restrictions regarding listing. “All TAIKO deposits made before the price is listed on Coinmarketcap, after deposit support starts, or before Upbit TAIKO transaction support starts, regardless of price, will have to undergo travel rule verification,” the firm said. ”
Additionally, Upbit will implement a buy limit and lowest sell limit once trading support begins, according to the announcement. These measures are designed to ensure a fair and secure trading environment for all consumers.
Buy orders are limited to approximately 5 minutes after the start of trading support. Sell ​​orders with a base price of -10% or less are also limited for the same period.
Meanwhile, the firm added, “Market pricing and pre-order transactions will be limited to approximately 1 hour after support.”
Additionally, Upbit warned users not to use networks other than TAIKO-Taiko and TAIKO-Ethereum for withdrawal and deposit, as this may cause disruption and delay in the process. Nevertheless, the L2 protocol has gained significant traction with Buterin’s contribution and the weight of the aforementioned potentially optimistic history.
Taiko’s mainnet launch magnetizing support?
In the interim, a recent report from itscryptobasic,Media suggests that Taiko thanked Buterin during the launch on the Ethereum Mainnet. This comes after Vitalik proposed an inaugural block on Ethereum, further boosting the protocol.
Upbit’s plan to increase support is largely in line with this trend, indicating the firm’s aim to capitalize on the opportunity to expand its user base with this rapidly gaining traction crypto.
$ETH

Shiba Inu price has given a strong breakout above the 50-day EMA, however, for the rally to continue, the meme coin must move above $0.00003.
Shiba Inu (SHIB) has also joined other altcoins in the recent run-up in the broader cryptocurrency market. As a result, the price of SHIB has increased by 10% in the last 24 hours, as an early Shiba Inu wheel reawakens after nearly three years of inactivity, buying 323 billion SHIB coins within hours.


Shiba Inu (SHIB) Whale Collection
Blockchain surveillance platform Spot On Chain highlighted the recent activities of a key whale. This whale address originally received 167 billion SHIB in April 2021, eight months after the launch of Shiba Inu, from one of the earliest whales to communicate with SHIB.
At the time of Spot On Chain’s report, Whale had acquired 149.3 billion SHIB using approximately 1,000 wrapped Ethereum (WETH) worth $3.83 million. After the report, Whale continued to buy, acquiring an additional 173 billion SHIB.
By the end of these transactions, Whale had exchanged 2,188 WETH for 323 billion Shiba Inu tokens worth $8.29 million within three hours. As of the latest update, Whale has not sold or distributed any of these tokens, maintaining a balance of 323 billion SHIB.
SHIB price crosses key resistance.
As of press time, Shiba Inu (SHIB) is trading up 9.53% at $0.00002616 with a market cap of over $15.4 billion. In addition, the daily trading volume has increased by 16 percent to exceed $763 million. Another major catalyst is an increase in the Shiba Inu (SHIB) burn rate that could push the price even further.
More importantly, Shiba Inu (SHIB) price has crossed the 50-day EMA at $0.000025. However, this does not guarantee the trend yet.
SHIB needs to change the $0.00003 price level from resistance to support to maintain its uptrend. Failure to do so may result in a fall below the 50-day EMA.
$SHIB

Shiba Inu’s burn rate increased by nearly 16600% as one wallet began token burning over $21 million during SHIB recent price drop, which could potentially lead to a recovery due to reduced supply.
The Shiba Inu (SHIB) meme coin, known for its canine mascot, has recently gained significant attention in the crypto market due to the massive increase in its token burn rate.
According to Shiburn, a platform that tracks the burning of SHIB tokens, on Tuesday, June 4th, the burning rate saw an extraordinary increase of about 16,600%.
Shiba Inu Community Launches $21.5M SHIB Burn
The surge in SHIB token burning has sparked excitement among traders and investors. This reduces the overall supply of SHIB in circulation, potentially increasing its value. In the last 24 hours, the burning rate of SHIB tokens has increased by 16593.83%, as reported by Shibburn.
During this period, the community collectively burned a total of 21.5 million SHIB tokens in multiple transactions. Additionally, one wallet address gained attention as it emerged as the largest contributor to Shiba Inu’s increased burn rate.
A notable contributor with wallet address 0x498 transferred a total of 21.31 million SHIB tokens to DeadWallet in a single transaction. In addition, other members of the Shiba Inu community performed several token burns, increasing the burn rate.
As a result of these large transactions, the total amount of SHIB tokens burned has reached 410.72 trillion. A decrease in supply is a key factor that could potentially increase the value of the SHIB token. Additionally, if demand remains stable or increases, it could be more profitable.
For context, in economics, a decrease in supply with constant or increasing demand usually leads to an increase in prices. This rule applies to cryptocurrencies, including SHIB. Recent developments have created a wave of hope within the Shiba Inu community.
SHIB price dropped
Shiba Inu today fell below the key support at $0.000024, away from the key resistance level at $0.000025. SHIB traded down 3.30% to $0.00002392 as of Tuesday, June 4th. Whereas, meme crypto has a market capitalization of $14.09 billion.
However, SHIB trading volume rose 42.35% to $659.67 million in the last 24 hours. Although the burn rate has added optimism to the market, a recovery in Shiba Inu price can only be noted if MemeCoin manages to successfully breakout from the $0.000025 level.
If SHIB price rises above this level, it could possibly reach $0.000030 or $0.000050. Also, if the bullish momentum continues Shiba Inu can reach the long-eyed target of $0.0001, which some critics say is impossible to achieve. Derivative data, however, painted a different picture.
According to Coinglass, open interest in SHIB futures fell 13.95% to $89.77 million, indicating waning interest among derivatives traders. Additionally, Sheba Inno long liquidations increased to nearly $1 million without significant short liquidations, indicating further declines due to the selloff.
$SHIB

Memecoins led the market recovery in the last 24 hours with assets like FLOKI and DOG.
Digital assets maintain their momentum after intraday trading saw record inflows for FLOKI, DOG, and other meme coins. Meme-top cryptoassets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) can also see market growth. The broad market cap is over $2.56 trillion while memecoins are over $66.3 billion.
Top meme coins have recorded arrivals as the top ten sitting in the green zone apart from MAGA. The Trump-themed token saw a dip after a high-flying win as the US election approached. FLOKI and DOG have added assets to the top 10 meme coins by market capitalization.
Floki and Dog top charts
In the last 24 hours, Meme Tokens moved higher and the above assets inflowed. Popular asset FLOKI posted gains of 12.8%, paring some of the asset’s weekly losses.
In the past seven days, FLOKI saw a 1.7% outflow due to a broad market bearishness while long-term growth is in the green zone. The monthly flow for the asset rose to 43.2%, giving it a 744% increase in its 12-year drive.
The FLOKI addition makes it one of the leading memecoins with a market capitalization of over $2.6 billion with a daily trading volume of over $613 million. At press time, FLOKI trades at $0.0002711.
DOG, the ninth-largest meme coin by market capitalization, saw a gain of 27.9%, outperforming most assets. With a market capitalization of $945 million, Memecoin exchanges hands at 0.0095. Weekly inflows have seen asset gains of 125% and 215% this month.
The benefits of a broader asset footprint
In general, the broader market turned positive although some assets saw modest corrections. Bitcoin and Solana recorded gains of 1.25% and 1.88% respectively. BNB saw further significant gains with its price rising to $634 after a 4% increase in price and a 70.3% increase in trading volume.
Meme coins like Brett, Bonk and Doge Wift ticked upwards. However, Dogecoin, Shiba Inu, and PEPE suffered minor losses.
$FLOKI $DOGE

“Roaring Kitty,” returned to social media and revealed that he has $181.4 million worth of GameStop stock and call options. GME stock price rose 19 percent overnight.
The GameStop ($GME) meme coin created amid the popular short squeeze craze of 2021 is seeing a whopping 300% rise in the past 24 hours.
As of press time, the GME cryptocurrency is trading at $0.01366 and its market cap has approached $100 million. In addition, the daily trading volume has skyrocketed by an astonishing 1,000% shooting to exceed $178 million.
Roaring Kitty returns to GameStop.
Keith Gill, known online as “Roaring Kitty,” took to social media for the first time on Sunday evening after the market frenzy last month.
GameStop (NYSE: GME ) stock price surged more than 19% in overnight trading after Gill posted on Reddit, revealing that he owns $181.4 million worth of GME stock and There are call options.
Gill shared a screenshot purportedly showing the purchase of 5 million shares of GME for $115.7 million and an investment of $65.7 million in call options, betting that GME would go lower by June 21. will reach at least $20 per share. The screenshot also indicated that Gill had leveraged more than $9.3. million on his GME holdings, while his call options lost about $2.5 million.
After Gill’s Reddit post, GME rose 19.19 percent to $27.58 in 20 minutes of Robinhood night markets. GameStop closed at $23.14 on Friday, May 31, and shares are up 38.8 percent this year, apparently pleased with Gill’s return, according to Google Finance.
Will this meme reignite the coin rally?
Despite the stability of the frontier market, the MemCoin sector delivered a strong performance in the months of April and May. While top meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) are strengthening, other market players such as Pepe Coin (PEPE) and Dogwifhat (WIF) have delivered multiple gains over the past few weeks.
GameStop (GME) and meme coins fuel the narrative of defying traditional wealth creation principles, offering the terrifying prospect of turning ordinary investors into instant millionaires. GME and similar stocks are showing significant potential this quarter.
#CryptoNewss

After a volatile trading session, the price of Floki Inu (FLOKI) rose significantly in the last 24 hours, mainly on the back of massive accumulation.
Floki Inu (FLOKI), a popular dog-themed meme token, has recently raised eyebrows in the wider crypto landscape. Embarking on a bull run amid this year’s bull cycle, the meme-based token’s price has soared to unprecedented levels, defying market expectations.
Notably, in the midst of this growing trend, one trader has made headlines by amassing nearly 7 billion coins, reinforcing the belief that the token could potentially rise even higher.
This development has further cemented Floki Inu’s position as a top choice among crypto investors, creating a sense of optimism for meme-based investment products in the market.
Wallet darkdemon.eth” collects more than 7 billion coins
According to on-chain data highlighted by platform ‘The Data Nerd’, a wallet known as “darkdemon.eth” was withdrawing FLOKI from OKX, a leading crypto exchange. Over the past 24 hours, this wallet has handled 7.56 billion FLOKI, worth $1.89 million, through a series of transactions. The wallet address is 0xaf81.
Upon further digging into the transactions, it was discovered that the wallet’s token holdings consisted of only two cryptos. There was a FLOKI, equal to the said amount. The other was the Maverick Token (MAV), which had a negligible value.
Interestingly, FLOKI’s price has seen the impact of increased buying pressure with large transactions, as it traded in the green today after yesterday’s significant decline. A ‘buy the dip’ sentiment may have prompted the trader to accumulate such large sums, reducing confidence in the asset’s future price pumps in the pipeline.
Will the FLOKI price rally continue?
As of writing, Floki Inu’s price has risen 5.84% in the last 24 hours and is currently trading at $0.000255. Memecoin’s 24-hour low and high are $0.0002405 and $0.0002601, respectively. As mentioned above, this price rally is caused by massive accumulation.
A market chart from Coinglass shows that FLOKI’s future OI has recently risen to extraordinary levels, nearing the $35 million mark, fueled by increased investor enthusiasm for the dog-themed meme coin. clarifies further. This presents a bullish outlook for FLOKI ahead.
Also, the RSI also rested around 60, indicating bullish momentum for the token as it is far from the overbought area with upward pressure. Crypto investors and traders view these figures as bullish, expecting more gains ahead.
Meanwhile, it is also worth noting that the coin helped a smart trader to get 10x ROI on investment in memecoin.
$FLOKI