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Rollbit Gains Momentum: $RLB Surges 20% in 24 Hours As Smart Money Bets BigRollbit, a prominent cryptocurrency sportsbook and casino, has seen significant growth recently in its token $RLB value. The platform, which debuted in 2019 and offers gaming, sports betting, futures trading, and NFT options, experienced a 20% price surge in the past 24 hours and a 30% increase over the last week. Data from iCrypto.ai reveals that a smart money investor, identified as wallet 0x209d, purchased 1.36 million $RLB worth approximately $101.3K in the last 12 hours. This entire amount was then transferred to wallet 0x5f89, bringing its total holdings to 5.9 million $RLB, valued at around $436.23K. Notably, wallet 0x5f89 had been inactive for over seven months but became active again in the last two days. This wallet was previously active during a period of 50%-146% growth for $RLB, seven to eleven months ago. According to analysis by @Izzybelleth, $RLB has significant potential, largely due to its “buy and burn” mechanism. Projections Places $RLB Token Price At $3.39 Within A Year  This mechanism is expected to drive a substantial price increase, potentially raising $RLB from its current $0.0642 to $3.39 within a year. The analysis compares $RLB to the $OHM project but highlights that $RLB has a stronger foundation due to its actual revenue. $RLB – A Gambling Season Contender? According to data from https://t.co/kFF8LDumzs, Smart Money 0x209d (https://t.co/qxCitmFO8q) has purchased 1.36M $RLB ~ $101.3K in the last 12 hours. Immediately, the wallet 0x209d has transferred the entire amount to 0x5f89… pic.twitter.com/4EVocvPPMe — iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) June 25, 2024 Rollbit’s platform, which has been operational for five years, is expanding into new markets, including China, further bolstering its growth prospects. The recent surge in $RLB’s price, coupled with strategic investments from notable wallets, underscores the growing confidence in Rollbit’s long-term potential. As Rollbit continues to innovate and expand, its $RLB token is positioned for continued growth, making it a cryptocurrency to watch in the coming months. The strategic activities of key investors and the platform’s robust foundation suggest a promising future for $RLB. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news! Image Source: dvigalet/123RF // Image Effects by Colorcinch The post Rollbit Gains Momentum: $RLB Surges 20% In 24 Hours As Smart Money Bets Big appeared first on The Merkle News.

Rollbit Gains Momentum: $RLB Surges 20% in 24 Hours As Smart Money Bets Big

Rollbit, a prominent cryptocurrency sportsbook and casino, has seen significant growth recently in its token $RLB value.

The platform, which debuted in 2019 and offers gaming, sports betting, futures trading, and NFT options, experienced a 20% price surge in the past 24 hours and a 30% increase over the last week.

Data from iCrypto.ai reveals that a smart money investor, identified as wallet 0x209d, purchased 1.36 million $RLB worth approximately $101.3K in the last 12 hours. This entire amount was then transferred to wallet 0x5f89, bringing its total holdings to 5.9 million $RLB, valued at around $436.23K.

Notably, wallet 0x5f89 had been inactive for over seven months but became active again in the last two days. This wallet was previously active during a period of 50%-146% growth for $RLB, seven to eleven months ago.

According to analysis by @Izzybelleth, $RLB has significant potential, largely due to its “buy and burn” mechanism.

Projections Places $RLB Token Price At $3.39 Within A Year 

This mechanism is expected to drive a substantial price increase, potentially raising $RLB from its current $0.0642 to $3.39 within a year. The analysis compares $RLB to the $OHM project but highlights that $RLB has a stronger foundation due to its actual revenue.

$RLB – A Gambling Season Contender?

According to data from https://t.co/kFF8LDumzs, Smart Money 0x209d (https://t.co/qxCitmFO8q) has purchased 1.36M $RLB ~ $101.3K in the last 12 hours.

Immediately, the wallet 0x209d has transferred the entire amount to 0x5f89… pic.twitter.com/4EVocvPPMe

— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) June 25, 2024

Rollbit’s platform, which has been operational for five years, is expanding into new markets, including China, further bolstering its growth prospects. The recent surge in $RLB’s price, coupled with strategic investments from notable wallets, underscores the growing confidence in Rollbit’s long-term potential.

As Rollbit continues to innovate and expand, its $RLB token is positioned for continued growth, making it a cryptocurrency to watch in the coming months. The strategic activities of key investors and the platform’s robust foundation suggest a promising future for $RLB.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: dvigalet/123RF // Image Effects by Colorcinch

The post Rollbit Gains Momentum: $RLB Surges 20% In 24 Hours As Smart Money Bets Big appeared first on The Merkle News.
Memecoins Rally: $STONKS and $WOLF Surge As Insiders Make Strategic MovesToday’s memecoin rally has seen notable increases, with $STONKS and $WOLF rising by 25% and 14%, respectively. Reports indicate that insiders of these coins have been strategically active, buying into a new memecoin, further fueling the market excitement. Data from iCrypto.ai reveals that two smart wallets, which previously made significant profits on $WOLF and $STONKS, are behind these latest moves. These wallets achieved impressive returns, with one making a 190x profit on $WOLF and the other a 510x profit on $STONKS. Insider of $WOLF: In April 2024, the wallet 0xa1f0 (icrypto.ai/wallet/0xa1f00…) purchased 17.05 billion $WOLF for $8,063, at an average price of $0.0000004721. During the initial pump, this wallet sold 15.84 billion $WOLF and still holds 1.21 billion $WOLF, now valued at $95,000. This resulted in a total profit of $51,970, a staggering 19,000% return. Insider of $STONKS: In May 2024, the wallet 0xa9bf (icrypto.ai/wallet/0xa9bf1…) bought 7.05 billion $STONKS for $434, at an average price of $0.00000076163. The wallet sold 6.05 billion $STONKS during the initial pump and retains 1 billion $STONKS, currently worth $19,500. This trade brought in a total profit of $189,970, reflecting a remarkable 51,000% return. Insiders of $WOLF and $STONKS have just bought a new #Meme 🐳 Data from https://t.co/kFF8LDumzs will show you 2 Smart Wallets that got their profit 190x on $WOLF and 510x on $STONKS respectively. 1. Insider of $WOLF: In 04/2024, the 0xa1f0 wallet (https://t.co/0mNJoilr2k)… pic.twitter.com/iRR09k3wSt — iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) June 25, 2024 These two individuals have resumed their activity, accumulating a new memecoin over the past four days. Their strategic moves and previous success have not gone unnoticed, likely contributing to the recent price surges in $STONKS and $WOLF. The memecoin market continues to capture the attention of traders and investors, with strategic insider activity playing a significant role in driving price movements. As these smart wallets remain active, the market watches closely for potential new opportunities and further rallies. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news! Image Source: ramirezom/123RF // Image Effects by Colorcinch The post Memecoins Rally: $STONKS and $WOLF Surge As Insiders Make Strategic Moves appeared first on The Merkle News.

Memecoins Rally: $STONKS and $WOLF Surge As Insiders Make Strategic Moves

Today’s memecoin rally has seen notable increases, with $STONKS and $WOLF rising by 25% and 14%, respectively. Reports indicate that insiders of these coins have been strategically active, buying into a new memecoin, further fueling the market excitement.

Data from iCrypto.ai reveals that two smart wallets, which previously made significant profits on $WOLF and $STONKS, are behind these latest moves. These wallets achieved impressive returns, with one making a 190x profit on $WOLF and the other a 510x profit on $STONKS.

Insider of $WOLF: In April 2024, the wallet 0xa1f0 (icrypto.ai/wallet/0xa1f00…) purchased 17.05 billion $WOLF for $8,063, at an average price of $0.0000004721. During the initial pump, this wallet sold 15.84 billion $WOLF and still holds 1.21 billion $WOLF, now valued at $95,000. This resulted in a total profit of $51,970, a staggering 19,000% return.

Insider of $STONKS: In May 2024, the wallet 0xa9bf (icrypto.ai/wallet/0xa9bf1…) bought 7.05 billion $STONKS for $434, at an average price of $0.00000076163. The wallet sold 6.05 billion $STONKS during the initial pump and retains 1 billion $STONKS, currently worth $19,500. This trade brought in a total profit of $189,970, reflecting a remarkable 51,000% return.

Insiders of $WOLF and $STONKS have just bought a new #Meme 🐳

Data from https://t.co/kFF8LDumzs will show you 2 Smart Wallets that got their profit 190x on $WOLF and 510x on $STONKS respectively.

1. Insider of $WOLF:

In 04/2024, the 0xa1f0 wallet (https://t.co/0mNJoilr2k)… pic.twitter.com/iRR09k3wSt

— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) June 25, 2024

These two individuals have resumed their activity, accumulating a new memecoin over the past four days. Their strategic moves and previous success have not gone unnoticed, likely contributing to the recent price surges in $STONKS and $WOLF.

The memecoin market continues to capture the attention of traders and investors, with strategic insider activity playing a significant role in driving price movements. As these smart wallets remain active, the market watches closely for potential new opportunities and further rallies.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: ramirezom/123RF // Image Effects by Colorcinch

The post Memecoins Rally: $STONKS and $WOLF Surge As Insiders Make Strategic Moves appeared first on The Merkle News.
RWA Tokens $TOKEN and $ONDO Show Resilience Amid Market DeclineThe market has revealed its preferences, showing strong interest in leading Real World Asset (RWA) tokens $TOKEN and $ONDO. Despite a general market decline today, both tokens have maintained stable trading charts, indicating robust support from institutional investors and crypto enthusiasts. $ONDO, in particular, demonstrated notable resilience, rising by 2% despite challenging market conditions. Earlier today, significant movements were observed involving $ONDO. A wallet named “docxbt.eth” (0x992) withdrew 2 million $ONDO, approximately valued at $2.19 million, from Coinbase. Concurrently, another wallet (0xC19) withdrew 464.5k $ONDO, worth around $509k, from Coinbase as well. 7 hours ago, a wallet 0x992 named "docxbt.eth" just withdrew 2M $ONDO (~$2.19M) from #Coinbase. At the same time, other wallet 0xC19 withdrew 464.5k $ONDO (~$509k) from #Coinbase too. Addresses:https://t.co/8XfsFlPwZGhttps://t.co/DKwgadI2Qh pic.twitter.com/H5NK2pc1Nf — The Data Nerd (@OnchainDataNerd) June 24, 2024 These substantial withdrawals highlight the strong confidence and interest in $ONDO, reflecting major institutional engagement. The stable performance and slight uptick in $ONDO’s value suggest that investors are optimistic about its potential to outperform throughout the remainder of the bull market. $TOKEN, Another Top RWA Token Holds Strong Trading Chart $TOKEN, another leading RWA token, also demonstrated stability, maintaining a steady trading chart. The continued interest in these tokens, despite broader market volatility, underscores their appeal and potential as reliable investments within the crypto space. The market is showing its hand, demonstrating strong interest in leading #RWA tokens $TOKEN and $ONDO. Both have major institutional interest, and I expect these to outperform for the rest of the bull market.#TOKEN will lead the pack, bring on the RWA rally!💎🤲🏻 #Crypto $FLOKI pic.twitter.com/YMlNQ81rfC — Mr. Diamondhandz1💎 (@MrDiamondhandz1) June 24, 2024 The resilience of $ONDO and $TOKEN amidst market fluctuations is a promising sign for their future performance. With substantial backing from institutional investors and growing interest from the broader crypto community, these tokens are well-positioned to capitalize on the ongoing bull market. Crypto enthusiasts and investors should keep a close eye on $TOKEN and $ONDO as they navigate the market. Their ability to maintain stability and attract significant investments even in a downturn highlights their potential for long-term success and outperformance. As the market continues to evolve, $TOKEN and $ONDO could emerge as key players, offering strong returns and demonstrating the growing importance of RWA tokens in the crypto ecosystem. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news! Image Source: kebox/123RF // Image Effects by Colorcinch The post RWA Tokens $TOKEN And $ONDO Show Resilience Amid Market Decline appeared first on The Merkle News.

RWA Tokens $TOKEN and $ONDO Show Resilience Amid Market Decline

The market has revealed its preferences, showing strong interest in leading Real World Asset (RWA) tokens $TOKEN and $ONDO.

Despite a general market decline today, both tokens have maintained stable trading charts, indicating robust support from institutional investors and crypto enthusiasts.

$ONDO, in particular, demonstrated notable resilience, rising by 2% despite challenging market conditions. Earlier today, significant movements were observed involving $ONDO.

A wallet named “docxbt.eth” (0x992) withdrew 2 million $ONDO, approximately valued at $2.19 million, from Coinbase. Concurrently, another wallet (0xC19) withdrew 464.5k $ONDO, worth around $509k, from Coinbase as well.

7 hours ago, a wallet 0x992 named "docxbt.eth" just withdrew 2M $ONDO (~$2.19M) from #Coinbase.

At the same time, other wallet 0xC19 withdrew 464.5k $ONDO (~$509k) from #Coinbase too.

Addresses:https://t.co/8XfsFlPwZGhttps://t.co/DKwgadI2Qh pic.twitter.com/H5NK2pc1Nf

— The Data Nerd (@OnchainDataNerd) June 24, 2024

These substantial withdrawals highlight the strong confidence and interest in $ONDO, reflecting major institutional engagement. The stable performance and slight uptick in $ONDO’s value suggest that investors are optimistic about its potential to outperform throughout the remainder of the bull market.

$TOKEN, Another Top RWA Token Holds Strong Trading Chart

$TOKEN, another leading RWA token, also demonstrated stability, maintaining a steady trading chart. The continued interest in these tokens, despite broader market volatility, underscores their appeal and potential as reliable investments within the crypto space.

The market is showing its hand, demonstrating strong interest in leading #RWA tokens $TOKEN and $ONDO.

Both have major institutional interest, and I expect these to outperform for the rest of the bull market.#TOKEN will lead the pack, bring on the RWA rally!💎🤲🏻 #Crypto $FLOKI pic.twitter.com/YMlNQ81rfC

— Mr. Diamondhandz1💎 (@MrDiamondhandz1) June 24, 2024

The resilience of $ONDO and $TOKEN amidst market fluctuations is a promising sign for their future performance. With substantial backing from institutional investors and growing interest from the broader crypto community, these tokens are well-positioned to capitalize on the ongoing bull market.

Crypto enthusiasts and investors should keep a close eye on $TOKEN and $ONDO as they navigate the market. Their ability to maintain stability and attract significant investments even in a downturn highlights their potential for long-term success and outperformance.

As the market continues to evolve, $TOKEN and $ONDO could emerge as key players, offering strong returns and demonstrating the growing importance of RWA tokens in the crypto ecosystem.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: kebox/123RF // Image Effects by Colorcinch

The post RWA Tokens $TOKEN And $ONDO Show Resilience Amid Market Decline appeared first on The Merkle News.
Major Token Unlocks This Week: OP, ALT, GT, and MoreAccording to Crypto Rank data, several tokens with significant unlock amounts are set to be released this week, potentially impacting their market dynamics. June 24: Worldcoin (WLD) – Unlock Equivalent: $8.79 million – Tokens to be Unlocked: 3.20 million Worldcoin kicks off the week with the unlocking of 3.20 million tokens, valued at $8.79 million. This event is expected to influence trading activities and liquidity for WLD. June 25: Alt Layer (ALT) – Unlock Equivalent: $17.35 million – Tokens to be Unlocked: 98.96 million The following day, Alt Layer will see a substantial release of 98.96 million tokens, equivalent to $17.35 million. This significant influx could lead to notable market movements. June 26: Gatechain (GT) – Unlock Equivalent: $15.13 million – Tokens to be Unlocked: 2 million On June 26, Gatechain will unlock 2 million tokens worth $15.13 million, likely affecting GT’s market supply and price volatility. June 27: Axelar (AXL) – Unlock Equivalent: $14.19 million – Tokens to be Unlocked: 25.81 million Axelar’s token unlock on June 27 involves 25.81 million tokens valued at $14.19 million, potentially impacting trading volume and price dynamics. ✍️ TOKEN UNLOCKS THIS WEEK! Here's a list of upcoming token unlocks this week👇@worldcoin Unlock date → June 24 (Today) Unlock equivalent in $ → $8.79m Tokens to be unlocked → 3.20m………..@alt_layer Unlock date → June 25Unlock equivalent in $ → $17.35M… pic.twitter.com/fqri9g1sAD — Princ3 🌿 (@Prince_omobee) June 24, 2024 June 28: Fetch.ai (FET) – Unlock Equivalent: $7.39 million – Tokens to be Unlocked: 5.37 million Fetch.ai will release 5.37 million tokens worth $7.39 million on June 28, adding to its circulating supply and possibly influencing market trends. June 29: Portalcoin (PORTAL) – Unlock Equivalent: $13.75 million – Tokens to be Unlocked: 30.6 million Portalcoin’s unlock event on June 29 will see 30.6 million tokens, valued at $13.75 million, enter the market, which may affect its liquidity and price stability. June 30: Optimism (OP) – Unlock Equivalent: $54.85 million – Tokens to be Unlocked: 32.21 million The week concludes with Optimism unlocking 32.21 million tokens worth a substantial $54.85 million on June 30. This large unlock could lead to significant price fluctuations and trading activity. These token unlocks are critical events for investors and traders to monitor, as they can influence market sentiment and asset valuation in the short term. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news! Image Source: cuteimage/123RF // Image Effects by Colorcinch The post Major Token Unlocks This Week: OP, ALT, GT, And More appeared first on The Merkle News.

Major Token Unlocks This Week: OP, ALT, GT, and More

According to Crypto Rank data, several tokens with significant unlock amounts are set to be released this week, potentially impacting their market dynamics.

June 24: Worldcoin (WLD) – Unlock Equivalent: $8.79 million – Tokens to be Unlocked: 3.20 million

Worldcoin kicks off the week with the unlocking of 3.20 million tokens, valued at $8.79 million. This event is expected to influence trading activities and liquidity for WLD.

June 25: Alt Layer (ALT) – Unlock Equivalent: $17.35 million – Tokens to be Unlocked: 98.96 million

The following day, Alt Layer will see a substantial release of 98.96 million tokens, equivalent to $17.35 million. This significant influx could lead to notable market movements.

June 26: Gatechain (GT) – Unlock Equivalent: $15.13 million – Tokens to be Unlocked: 2 million

On June 26, Gatechain will unlock 2 million tokens worth $15.13 million, likely affecting GT’s market supply and price volatility.

June 27: Axelar (AXL) – Unlock Equivalent: $14.19 million – Tokens to be Unlocked: 25.81 million

Axelar’s token unlock on June 27 involves 25.81 million tokens valued at $14.19 million, potentially impacting trading volume and price dynamics.

✍️ TOKEN UNLOCKS THIS WEEK!

Here's a list of upcoming token unlocks this week👇@worldcoin Unlock date → June 24 (Today) Unlock equivalent in $ → $8.79m Tokens to be unlocked → 3.20m………..@alt_layer Unlock date → June 25Unlock equivalent in $ → $17.35M… pic.twitter.com/fqri9g1sAD

— Princ3 🌿 (@Prince_omobee) June 24, 2024

June 28: Fetch.ai (FET) – Unlock Equivalent: $7.39 million – Tokens to be Unlocked: 5.37 million

Fetch.ai will release 5.37 million tokens worth $7.39 million on June 28, adding to its circulating supply and possibly influencing market trends.

June 29: Portalcoin (PORTAL) – Unlock Equivalent: $13.75 million – Tokens to be Unlocked: 30.6 million

Portalcoin’s unlock event on June 29 will see 30.6 million tokens, valued at $13.75 million, enter the market, which may affect its liquidity and price stability.

June 30: Optimism (OP) – Unlock Equivalent: $54.85 million – Tokens to be Unlocked: 32.21 million

The week concludes with Optimism unlocking 32.21 million tokens worth a substantial $54.85 million on June 30. This large unlock could lead to significant price fluctuations and trading activity.

These token unlocks are critical events for investors and traders to monitor, as they can influence market sentiment and asset valuation in the short term.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: cuteimage/123RF // Image Effects by Colorcinch

The post Major Token Unlocks This Week: OP, ALT, GT, And More appeared first on The Merkle News.
New Tokens on Binance See Sharp Declines in 2024, Reports HC CapitalAccording to HC Capital, a prominent crypto research platform, all newly listed tokens on Binance in 2024 have experienced significant declines from their all-time highs (ATH). These tokens span diverse sectors, including GameFi, AI, Layer 2, and Layer 3 technologies. The widespread downturn is attributed to several key factors: 1. Market Volatility: Initial hype and speculative trading often inflate prices, which later correct sharply. 2. Low Float: A limited supply of tokens can lead to significant price fluctuations. 3. High Fully Diluted Valuation (FDV): Overvaluation at launch often results in substantial price corrections as the market adjusts. Key Tokens Affected: Down Over 80% – AEVO – PORTAL – STRK – SAGA – DYM Down Over 70% – AXL – MANTA – OMNI – PYTH – PIXEL – TNSR – ALT Down Over 60% – AI (@SleeplessAI_Lab) – BOME (@Bomebookofmemes) – WIF (@dogwifcoin) – XAI (@XAI_GAMES) – JUP (@JupiterExchange) – METIS (@metisl2) – REZ (@RenzoProtocol) – ETHFI (@ether_fi) Down Over 50% – TAO (@opentensor) – ENA (@ethena_labs) – BB (@bounce_bit) Down Over 40% – ZRO (@LayerZero_Labs) – RON (@Ronin_Network) – NOT (@thenotcoin) Down Over 30% – IO (@ionet) – ZK (@zksync) Performance of Newly Listed Tokens on Binance in 2024 🔻Token Categories:Diverse sectors: #GameFi #AI #Layer2 & #Layer3,… 🔻All tokens down from ATH due to:▫️Market Volatility: Initial hype and speculation.▫️Low Float: Limited supply causing price swings.▫️High FDV:… pic.twitter.com/qj6KmU2Aqy — HC – Capital (@hc_capital) June 21, 2024 This trend underscores the inherent volatility and risks associated with newly listed tokens, particularly in highly speculative and emerging sectors. Investors are advised to conduct thorough research and exercise caution when engaging with new token listings, as market dynamics can lead to rapid and substantial changes in valuation. The findings by HC Capital highlight the need for a balanced approach to investing in the ever-evolving cryptocurrency landscape. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news! Image Source: monsitj/123RF The post New Tokens On Binance See Sharp Declines In 2024, Reports HC Capital appeared first on The Merkle News.

New Tokens on Binance See Sharp Declines in 2024, Reports HC Capital

According to HC Capital, a prominent crypto research platform, all newly listed tokens on Binance in 2024 have experienced significant declines from their all-time highs (ATH).

These tokens span diverse sectors, including GameFi, AI, Layer 2, and Layer 3 technologies.

The widespread downturn is attributed to several key factors:

1. Market Volatility: Initial hype and speculative trading often inflate prices, which later correct sharply. 2. Low Float: A limited supply of tokens can lead to significant price fluctuations. 3. High Fully Diluted Valuation (FDV): Overvaluation at launch often results in substantial price corrections as the market adjusts.

Key Tokens Affected:

Down Over 80% – AEVO – PORTAL – STRK – SAGA – DYM

Down Over 70% – AXL – MANTA – OMNI – PYTH – PIXEL – TNSR – ALT

Down Over 60% – AI (@SleeplessAI_Lab) – BOME (@Bomebookofmemes) – WIF (@dogwifcoin) – XAI (@XAI_GAMES) – JUP (@JupiterExchange) – METIS (@metisl2) – REZ (@RenzoProtocol) – ETHFI (@ether_fi)

Down Over 50% – TAO (@opentensor) – ENA (@ethena_labs) – BB (@bounce_bit)

Down Over 40% – ZRO (@LayerZero_Labs) – RON (@Ronin_Network) – NOT (@thenotcoin)

Down Over 30% – IO (@ionet) – ZK (@zksync)

Performance of Newly Listed Tokens on Binance in 2024

🔻Token Categories:Diverse sectors: #GameFi #AI #Layer2 & #Layer3,…

🔻All tokens down from ATH due to:▫️Market Volatility: Initial hype and speculation.▫️Low Float: Limited supply causing price swings.▫️High FDV:… pic.twitter.com/qj6KmU2Aqy

— HC – Capital (@hc_capital) June 21, 2024

This trend underscores the inherent volatility and risks associated with newly listed tokens, particularly in highly speculative and emerging sectors.

Investors are advised to conduct thorough research and exercise caution when engaging with new token listings, as market dynamics can lead to rapid and substantial changes in valuation.

The findings by HC Capital highlight the need for a balanced approach to investing in the ever-evolving cryptocurrency landscape.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: monsitj/123RF

The post New Tokens On Binance See Sharp Declines In 2024, Reports HC Capital appeared first on The Merkle News.
Rising Phishing Threats in the TON Ecosystem, Warns SlowMistAccording to security firm SlowMist, phishing activities are becoming increasingly prevalent within the TON ecosystem. The decentralized nature of the Telegram ecosystem has inadvertently fostered an environment where phishing links and deceptive bots proliferate in message groups and airdrops, targeting users’ TON wallets on a large scale. These malicious schemes aim to steal not only cryptocurrencies and NFTs but also Anonymous Telegram Numbers (ATNs), which function similarly to mobile phone numbers and are widely used for creating Telegram accounts. The loss of an ATN can potentially compromise the associated Telegram account unless the user has enabled Two-Step Verification, which requires an independent password. TON 生态的钓鱼开始多了,Telegram 生态过于自由的特点,许多钓鱼链接(或 bot 形式)通过消息群组方式传播,空投等诱骗方式来批量钓走用户 TON 钱包里的有关资产(包括 NFT,特别的如 Anonymous Telegram Numbers,类似手机号,许多人用于创建 Telegram 账号,这个被钓走,意味着对应的 Telegram… — Cos(余弦)😶‍🌫️ (@evilcos) June 24, 2024 The Need For A Two-Factor Verification  The surge in phishing attacks underscores the need for heightened security measures within the Telegram ecosystem. Users are advised to remain cautious and vigilant, thoroughly verifying any links or offers they encounter in message groups. By implementing Two-Step Verification and other security practices, users can better protect their accounts and digital assets from these sophisticated phishing schemes. This increase in phishing incidents serves as a critical reminder of the ongoing cyber threats within the crypto space. As phishing techniques evolve, it is imperative for users to stay informed and proactive in securing their online presence. The TON community must work collectively to raise awareness and fortify defenses against these pervasive scams, ensuring a safer environment for all participants. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter  @themerklehash  to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news! The post Rising Phishing Threats In The TON Ecosystem, Warns SlowMist appeared first on The Merkle News.

Rising Phishing Threats in the TON Ecosystem, Warns SlowMist

According to security firm SlowMist, phishing activities are becoming increasingly prevalent within the TON ecosystem.

The decentralized nature of the Telegram ecosystem has inadvertently fostered an environment where phishing links and deceptive bots proliferate in message groups and airdrops, targeting users’ TON wallets on a large scale.

These malicious schemes aim to steal not only cryptocurrencies and NFTs but also Anonymous Telegram Numbers (ATNs), which function similarly to mobile phone numbers and are widely used for creating Telegram accounts.

The loss of an ATN can potentially compromise the associated Telegram account unless the user has enabled Two-Step Verification, which requires an independent password.

TON 生态的钓鱼开始多了,Telegram 生态过于自由的特点,许多钓鱼链接(或 bot 形式)通过消息群组方式传播,空投等诱骗方式来批量钓走用户 TON 钱包里的有关资产(包括 NFT,特别的如 Anonymous Telegram Numbers,类似手机号,许多人用于创建 Telegram 账号,这个被钓走,意味着对应的 Telegram…

— Cos(余弦)😶‍🌫️ (@evilcos) June 24, 2024

The Need For A Two-Factor Verification 

The surge in phishing attacks underscores the need for heightened security measures within the Telegram ecosystem. Users are advised to remain cautious and vigilant, thoroughly verifying any links or offers they encounter in message groups.

By implementing Two-Step Verification and other security practices, users can better protect their accounts and digital assets from these sophisticated phishing schemes.

This increase in phishing incidents serves as a critical reminder of the ongoing cyber threats within the crypto space. As phishing techniques evolve, it is imperative for users to stay informed and proactive in securing their online presence.

The TON community must work collectively to raise awareness and fortify defenses against these pervasive scams, ensuring a safer environment for all participants.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter  @themerklehash  to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

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Trader Loses $11.1 Million in Weekend Phishing ScamA trader fell victim to a phishing attack over the past trading weekend, losing a staggering $11.1 million after inadvertently signing fraudulent transactions. The scam resulted in the theft of 3,657 MKR tokens, valued at $8.7 million, and 2.56 million PT Ethena tokens worth $2.4 million. Someone lost $11.1M in a phishing attack 5 hrs ago! He was exploited for 3,657 $MKR($8.7M) and 2.56M PT Ethena tokens($2.4M). The exploiter sold 3,657 $MKR for 2,502 $ETH($8.7M), causing the price of $MKR to drop by 7%. And swapped 2.56M PT Ethena tokens for 689 $ETH($2.41M).… pic.twitter.com/PNcQNCZ9Pc — Lookonchain (@lookonchain) June 23, 2024 The attacker wasted no time in offloading the stolen assets. They converted the 3,657 MKR tokens into 2,502 ETH, a transaction valued at $8.7 million, which subsequently caused a 7.5% drop in the price of MKR due to the large sale. The Attacker Swapped Ethena Tokens For 689 ETH In addition, the scammer swapped the 2.56 million PT Ethena tokens for 689 ETH, amounting to $2.4 million. 🚨 Phishing Attack Alert: $11.1M Lost in Recent Exploit! 🚨 Approximately 6 hours ago, a major phishing attack resulted in a significant loss of assets. Details of the Exploit:1⃣ 3,657 $MKR ($8,766,097) and 2.56M PT Ethena tokens ($2.4M) were stolen.2⃣ The exploiter sold… pic.twitter.com/swtZJBKOqR — Crypto Patel (@CryptoPatel) June 23, 2024 This incident underscores the critical importance of security within the cryptocurrency sector. It serves as a stark reminder to traders to remain vigilant and adopt stringent security measures to safeguard their digital assets. The loss of such a significant amount of money through a phishing scam highlights the sophisticated tactics employed by scammers and the dire consequences of falling for their schemes. Cryptocurrency holders are urged to stay informed about potential threats and employ best practices such as using hardware wallets, enabling two-factor authentication, and thoroughly verifying transaction details before approval. By taking these precautions, traders can better protect themselves against the growing threat of cyberattacks in the crypto space. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news! Image Source: ra2studio/123RF // Image Effects by Colorcinch The post Trader Loses $11.1 Million In Weekend Phishing Scam appeared first on The Merkle News.

Trader Loses $11.1 Million in Weekend Phishing Scam

A trader fell victim to a phishing attack over the past trading weekend, losing a staggering $11.1 million after inadvertently signing fraudulent transactions.

The scam resulted in the theft of 3,657 MKR tokens, valued at $8.7 million, and 2.56 million PT Ethena tokens worth $2.4 million.

Someone lost $11.1M in a phishing attack 5 hrs ago!

He was exploited for 3,657 $MKR($8.7M) and 2.56M PT Ethena tokens($2.4M).

The exploiter sold 3,657 $MKR for 2,502 $ETH($8.7M), causing the price of $MKR to drop by 7%.

And swapped 2.56M PT Ethena tokens for 689 $ETH($2.41M).… pic.twitter.com/PNcQNCZ9Pc

— Lookonchain (@lookonchain) June 23, 2024

The attacker wasted no time in offloading the stolen assets. They converted the 3,657 MKR tokens into 2,502 ETH, a transaction valued at $8.7 million, which subsequently caused a 7.5% drop in the price of MKR due to the large sale.

The Attacker Swapped Ethena Tokens For 689 ETH

In addition, the scammer swapped the 2.56 million PT Ethena tokens for 689 ETH, amounting to $2.4 million.

🚨 Phishing Attack Alert: $11.1M Lost in Recent Exploit! 🚨

Approximately 6 hours ago, a major phishing attack resulted in a significant loss of assets.

Details of the Exploit:1⃣ 3,657 $MKR ($8,766,097) and 2.56M PT Ethena tokens ($2.4M) were stolen.2⃣ The exploiter sold… pic.twitter.com/swtZJBKOqR

— Crypto Patel (@CryptoPatel) June 23, 2024

This incident underscores the critical importance of security within the cryptocurrency sector. It serves as a stark reminder to traders to remain vigilant and adopt stringent security measures to safeguard their digital assets.

The loss of such a significant amount of money through a phishing scam highlights the sophisticated tactics employed by scammers and the dire consequences of falling for their schemes.

Cryptocurrency holders are urged to stay informed about potential threats and employ best practices such as using hardware wallets, enabling two-factor authentication, and thoroughly verifying transaction details before approval.

By taking these precautions, traders can better protect themselves against the growing threat of cyberattacks in the crypto space.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: ra2studio/123RF // Image Effects by Colorcinch

The post Trader Loses $11.1 Million In Weekend Phishing Scam appeared first on The Merkle News.
Memecoin Market Faces Decline: Opportunity to Accumulate or End of an Era?The memecoin market is showing signs of decline, prompting speculation about whether the current conditions signal the end of the memecoin season or present a buying opportunity. While the memecoin narrative has been a significant theme this cycle, recent trends indicate a downturn, with celebrity-endorsed tokens also struggling. $WIF A whale recently deposited 12.66 million $WIF, worth $23.4 million, to Binance over the past two days. This activity led to a brief spike to $4.88, followed by a sharp decline. The current price stands at $1.8115 USDT, suggesting a correction phase marked by bearish momentum. A whale deposited 12.66M $WIF($23.4M) to #Binance in the past 2 days.https://t.co/gWcpd0gBOz pic.twitter.com/Fc6WayMjAO — Lookonchain (@lookonchain) June 22, 2024 $BONK After a sharp increase to $0.00004800, $BONK has seen a gradual decrease. Its current price is $0.00002061 USDT. The token is now in a consolidation phase, showing stable movement after reaching its peak. $BOME $BOME experienced initial volatility, peaking at $0.02600 before entering a downward trend. Currently priced at $0.008801 USDT, the token is in a bearish trend with occasional small recoveries, indicating overall negative momentum. $PEPE $PEPE saw a sharp rise to $0.00001725, followed by a downward correction phase. The current price is $0.00001141 USDT. The token is now consolidating, with lower highs and lows, and appears to be stabilizing around its current level. $BONK Tends To Mirror $PEPE Price Action Part Monitoring $PEPE’s price action could provide insights, as $BONK tends to follow similar patterns. $WIF appears significantly oversold, potentially indicating a buying opportunity. Meanwhile, $BOME might be forming a double bottom, suggesting a potential reversal. Is Memecoin over or opportunity?? Memecoin narrative is one the key narratives this cycle, though lastly celeb endorsed memecoins not ending well and overall memecoins are going down. Let's check 4 major memecoins right now 👇 $WIF– Significant spike to 4.88, then a downward… pic.twitter.com/m7VPG6gogt — Open4profit (@open4profit) June 22, 2024 Investors are now considering whether this market downturn represents a chance to accumulate more tokens at lower prices or if it signifies a broader decline in the memecoin trend. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news! Image Source: avirozen/123RF // Image Effects by Colorcinch The post Memecoin Market Faces Decline: Opportunity To Accumulate Or End Of An Era? appeared first on The Merkle News.

Memecoin Market Faces Decline: Opportunity to Accumulate or End of an Era?

The memecoin market is showing signs of decline, prompting speculation about whether the current conditions signal the end of the memecoin season or present a buying opportunity.

While the memecoin narrative has been a significant theme this cycle, recent trends indicate a downturn, with celebrity-endorsed tokens also struggling.

$WIF

A whale recently deposited 12.66 million $WIF, worth $23.4 million, to Binance over the past two days. This activity led to a brief spike to $4.88, followed by a sharp decline. The current price stands at $1.8115 USDT, suggesting a correction phase marked by bearish momentum.

A whale deposited 12.66M $WIF($23.4M) to #Binance in the past 2 days.https://t.co/gWcpd0gBOz pic.twitter.com/Fc6WayMjAO

— Lookonchain (@lookonchain) June 22, 2024

$BONK

After a sharp increase to $0.00004800, $BONK has seen a gradual decrease. Its current price is $0.00002061 USDT. The token is now in a consolidation phase, showing stable movement after reaching its peak.

$BOME

$BOME experienced initial volatility, peaking at $0.02600 before entering a downward trend. Currently priced at $0.008801 USDT, the token is in a bearish trend with occasional small recoveries, indicating overall negative momentum.

$PEPE

$PEPE saw a sharp rise to $0.00001725, followed by a downward correction phase. The current price is $0.00001141 USDT. The token is now consolidating, with lower highs and lows, and appears to be stabilizing around its current level.

$BONK Tends To Mirror $PEPE Price Action Part

Monitoring $PEPE’s price action could provide insights, as $BONK tends to follow similar patterns. $WIF appears significantly oversold, potentially indicating a buying opportunity. Meanwhile, $BOME might be forming a double bottom, suggesting a potential reversal.

Is Memecoin over or opportunity??

Memecoin narrative is one the key narratives this cycle, though lastly celeb endorsed memecoins not ending well and overall memecoins are going down.

Let's check 4 major memecoins right now 👇

$WIF– Significant spike to 4.88, then a downward… pic.twitter.com/m7VPG6gogt

— Open4profit (@open4profit) June 22, 2024

Investors are now considering whether this market downturn represents a chance to accumulate more tokens at lower prices or if it signifies a broader decline in the memecoin trend.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: avirozen/123RF // Image Effects by Colorcinch

The post Memecoin Market Faces Decline: Opportunity To Accumulate Or End Of An Era? appeared first on The Merkle News.
Ethereum Sees Surge in Active Addresses Amid Anticipation of ETH ETFs LaunchEthereum recently experienced its largest spike in active $ETH addresses in three months, with the total number reaching 617,170. This surge comes amid growing anticipation of Ethereum Exchange-Traded Funds (ETFs). #Ethereum just saw its largest spike in active $ETH addresses in three months, reaching a total of 617,170 active #ETH addresses. pic.twitter.com/CSqBOnQhEr — Ali (@ali_charts) June 22, 2024 Bloomberg ETF analyst Eric Balchunas has reported that numerous amended ETH ETF S-1 filings are expected today. The SEC will then review these filings to notify issuers of any final changes and their effectiveness, with July 2nd being considered a potential launch date for these ETFs. Bloomberg ETF analyst Eric Balchunas: We will see a bunch of amended ETH ETF S-1s filed today, or maybe later this afternoon. Then ball's in SEC's court to let issuers know about any final changes and effectiveness (final approval). We holding the line with July 2nd as our… — Wu Blockchain (@WuBlockchain) June 21, 2024 In addition to this regulatory development, Paradigm Capital has made significant moves within the Ethereum market. At 6:37 UTC+8 today, Paradigm deposited 5,817 ETH, valued at approximately $20.49 million, into the custody platform Anchorage Digital. Paradigm Has Deposited 14,070 ETH, Currently Worth Over $49,5. Million  Over the past three months, Paradigm has consistently deposited ETH into Anchorage Digital at the end of each month. The total deposits now amount to 14,070 ETH, worth around $49.5 million. Paradigm Capital: 0x11…c3cD deposited 5.817k ETH, worth about $20.49 million, into the custody platform Anchorage Digital at 6:37 UTC+8 today. In the past three months, Paradigm has regularly deposited ETH into Anchorage Digital at the end of each month, and has deposited a… — Wu Blockchain (@WuBlockchain) June 22, 2024 These activities highlight a growing institutional interest in Ethereum. The spike in active addresses suggests increased network activity, possibly driven by both retail and institutional investors positioning themselves ahead of the anticipated ETF launches. The consistent deposits by Paradigm Capital into Anchorage Digital further underscore the confidence in Ethereum’s long-term potential. As the Ethereum ecosystem continues to develop, the potential approval and launch of ETH ETFs could be a significant milestone. It would likely provide increased accessibility for investors and potentially drive further demand and price appreciation for $ETH. Overall, the combination of regulatory progress, significant institutional deposits, and increased network activity paints a promising picture for Ethereum’s near-term future. Investors and market observers will be closely watching the SEC’s decisions and the impact of these developments on the broader crypto market. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news! Image Source: Bastian Riccardi on Unsplash // Image Effects by Colorcinch The post Ethereum Sees Surge In Active Addresses Amid Anticipation Of ETH ETFs Launch appeared first on The Merkle News.

Ethereum Sees Surge in Active Addresses Amid Anticipation of ETH ETFs Launch

Ethereum recently experienced its largest spike in active $ETH addresses in three months, with the total number reaching 617,170.

This surge comes amid growing anticipation of Ethereum Exchange-Traded Funds (ETFs).

#Ethereum just saw its largest spike in active $ETH addresses in three months, reaching a total of 617,170 active #ETH addresses. pic.twitter.com/CSqBOnQhEr

— Ali (@ali_charts) June 22, 2024

Bloomberg ETF analyst Eric Balchunas has reported that numerous amended ETH ETF S-1 filings are expected today. The SEC will then review these filings to notify issuers of any final changes and their effectiveness, with July 2nd being considered a potential launch date for these ETFs.

Bloomberg ETF analyst Eric Balchunas: We will see a bunch of amended ETH ETF S-1s filed today, or maybe later this afternoon. Then ball's in SEC's court to let issuers know about any final changes and effectiveness (final approval). We holding the line with July 2nd as our…

— Wu Blockchain (@WuBlockchain) June 21, 2024

In addition to this regulatory development, Paradigm Capital has made significant moves within the Ethereum market. At 6:37 UTC+8 today, Paradigm deposited 5,817 ETH, valued at approximately $20.49 million, into the custody platform Anchorage Digital.

Paradigm Has Deposited 14,070 ETH, Currently Worth Over $49,5. Million 

Over the past three months, Paradigm has consistently deposited ETH into Anchorage Digital at the end of each month. The total deposits now amount to 14,070 ETH, worth around $49.5 million.

Paradigm Capital: 0x11…c3cD deposited 5.817k ETH, worth about $20.49 million, into the custody platform Anchorage Digital at 6:37 UTC+8 today. In the past three months, Paradigm has regularly deposited ETH into Anchorage Digital at the end of each month, and has deposited a…

— Wu Blockchain (@WuBlockchain) June 22, 2024

These activities highlight a growing institutional interest in Ethereum. The spike in active addresses suggests increased network activity, possibly driven by both retail and institutional investors positioning themselves ahead of the anticipated ETF launches. The consistent deposits by Paradigm Capital into Anchorage Digital further underscore the confidence in Ethereum’s long-term potential.

As the Ethereum ecosystem continues to develop, the potential approval and launch of ETH ETFs could be a significant milestone. It would likely provide increased accessibility for investors and potentially drive further demand and price appreciation for $ETH.

Overall, the combination of regulatory progress, significant institutional deposits, and increased network activity paints a promising picture for Ethereum’s near-term future. Investors and market observers will be closely watching the SEC’s decisions and the impact of these developments on the broader crypto market.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: Bastian Riccardi on Unsplash // Image Effects by Colorcinch

The post Ethereum Sees Surge In Active Addresses Amid Anticipation Of ETH ETFs Launch appeared first on The Merkle News.
Ice Open Network Surpasses $30M Market Cap As Community Burns Over 20M $ICE CoinsThe Ice Open Network (ION) has recently seen its market cap surge back above the $30 million mark. This resurgence comes just 12 hours after the launch of the Sunwaves Token (SW), the first project under the ION ecosystem. In this short span, the dedicated community burned over 4,500,000 $ICE coins. 🔥 $ICE Token Burn 🔥 In just 12 hours since #SW was launched as the first project under the #ION ecosystem, the community has burned over 4,500,000 Coins. With more projects launched, more and more coins will be burned. ⏳ Soon we will announce the next project to launch! pic.twitter.com/8qjPgYE5Lh — Ice Open Network (@ice_blockchain) June 20, 2024 Now, three days post-launch, the community has collectively burned more than 20,000,000 $ICE coins. This aggressive burning strategy has significantly contributed to the rise in the market cap and reflects the strong support and participation within the ION community. 🚀 In just 3 days since the launch of #SUNWAVES, our incredible community has BURNED over 20,000,000 $ICE Coins! 🔥 Huge shoutout to our AMAZING supporters. This is just the beginning! 🌟 #ION pic.twitter.com/svsJ4vPEZ1 — Ice Open Network (@ice_blockchain) June 22, 2024 AI Project Set To Launch On Ice Network Soon As more projects launch within the ION ecosystem, the burn rate of $ICE coins is expected to increase, potentially driving the value higher. The Ice Open Network has also announced the upcoming launch of its next project—an AI company set to revolutionize the telecommunications industry. This new venture is anticipated to further accelerate the coin burn rate, enhancing the overall ecosystem’s value and sustainability. 📡 The next project launching on #ION is an #AI company revolutionizing the telecommunications industry! Can you guess the use case? 💬 👇 Drop your ideas in the comments below! pic.twitter.com/0o6H0yshAR — Ice Open Network (@ice_blockchain) June 21, 2024 The strategic coin burns and the introduction of innovative projects underline ION’s commitment to growth and development. The community’s active involvement in burning coins demonstrates a robust belief in the network’s potential. With each new project, the deflationary effect on $ICE coins is likely to attract more investors, driving further market cap growth. ION’s recent activities signal a promising future, with the potential for substantial gains as the ecosystem continues to expand. Investors and community members are eagerly anticipating the impact of the AI telecommunications project, which could mark another significant milestone for the Ice Open Network. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news! Image Source: bborriss/123RF // Image Effects by Colorcinch The post Ice Open Network Surpasses $30M Market Cap As Community Burns Over 20M $ICE Coins appeared first on The Merkle News.

Ice Open Network Surpasses $30M Market Cap As Community Burns Over 20M $ICE Coins

The Ice Open Network (ION) has recently seen its market cap surge back above the $30 million mark. This resurgence comes just 12 hours after the launch of the Sunwaves Token (SW), the first project under the ION ecosystem.

In this short span, the dedicated community burned over 4,500,000 $ICE coins.

🔥 $ICE Token Burn 🔥

In just 12 hours since #SW was launched as the first project under the #ION ecosystem, the community has burned over 4,500,000 Coins.

With more projects launched, more and more coins will be burned.

⏳ Soon we will announce the next project to launch! pic.twitter.com/8qjPgYE5Lh

— Ice Open Network (@ice_blockchain) June 20, 2024

Now, three days post-launch, the community has collectively burned more than 20,000,000 $ICE coins. This aggressive burning strategy has significantly contributed to the rise in the market cap and reflects the strong support and participation within the ION community.

🚀 In just 3 days since the launch of #SUNWAVES, our incredible community has BURNED over 20,000,000 $ICE Coins! 🔥

Huge shoutout to our AMAZING supporters. This is just the beginning! 🌟 #ION pic.twitter.com/svsJ4vPEZ1

— Ice Open Network (@ice_blockchain) June 22, 2024

AI Project Set To Launch On Ice Network Soon

As more projects launch within the ION ecosystem, the burn rate of $ICE coins is expected to increase, potentially driving the value higher. The Ice Open Network has also announced the upcoming launch of its next project—an AI company set to revolutionize the telecommunications industry. This new venture is anticipated to further accelerate the coin burn rate, enhancing the overall ecosystem’s value and sustainability.

📡 The next project launching on #ION is an #AI company revolutionizing the telecommunications industry!

Can you guess the use case? 💬

👇 Drop your ideas in the comments below! pic.twitter.com/0o6H0yshAR

— Ice Open Network (@ice_blockchain) June 21, 2024

The strategic coin burns and the introduction of innovative projects underline ION’s commitment to growth and development. The community’s active involvement in burning coins demonstrates a robust belief in the network’s potential. With each new project, the deflationary effect on $ICE coins is likely to attract more investors, driving further market cap growth.

ION’s recent activities signal a promising future, with the potential for substantial gains as the ecosystem continues to expand. Investors and community members are eagerly anticipating the impact of the AI telecommunications project, which could mark another significant milestone for the Ice Open Network.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: bborriss/123RF // Image Effects by Colorcinch

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TON Blockchain Sees TVL Surge to Over $500M Amid Season 4 of Open League Digest and Binance Integ...The TON blockchain is experiencing a significant surge in activity, with the Total Value Locked (TVL) surpassing $500 million as Season 4 of the Open League Digest gets underway. This period has also seen a remarkable influx of over 1,000 applications for The Open League Hackathon, showcasing strong developer interest. Meanwhile, limited early-bird tickets for the Gateway event are now available at discounted prices, adding to the excitement. The Open League Digest ☕️📖 With Season 4 underway, TVL on #TON has skyrocketed to over $500M. Over 1K applications have been received for The Open League Hackathon, limited early-bird tickets for Gateway are now on sale at a discounted price, and much more! 🚀 Details ➡️… pic.twitter.com/My9O93RXqs — TON 💎 (@ton_blockchain) June 21, 2024 Binance Confirms Support For $USDT Transactions On The Ton Blockchain  In a significant development, Binance has announced support for $USDT transactions on the TON blockchain. This integration allows Binance users greater flexibility in moving stablecoin liquidity onto the TON blockchain, promising to enhance transaction speeds, reduce fees, and offer a cost-effective method for handling $USDT transactions. ⚡️JUST IN: @binance now supports $USDT transactions on the @ton_blockchain. pic.twitter.com/xsnWpW2wUT — Cointelegraph (@Cointelegraph) June 21, 2024 The move by Binance to leverage the TON blockchain for stablecoin liquidity marks a substantial step forward in improving transaction efficiency and reducing costs for users. This integration underscores Binance’s commitment to advancing blockchain technology for broader accessibility and functionality within the crypto ecosystem. The collaboration between Binance and the TON blockchain is expected to drive more adoption and usage, highlighting the growing importance of efficient, low-cost transaction solutions in the cryptocurrency space. As the TON ecosystem continues to expand with initiatives like the Open League Digest and the upcoming Hackathon, the integration of $USDT transactions further solidifies its position as a leading blockchain platform. This surge in TVL and the strategic moves by major players like Binance demonstrate the increasing confidence and interest in the TON blockchain. With enhanced transaction capabilities and ongoing community engagement through events and hackathons, TON is well-positioned to continue its upward trajectory, offering robust solutions for both developers and users in the ever-evolving world of cryptocurrencies. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news! Image Source: stlegat/123RF / Image Effects by Colorcinch The post TON Blockchain Sees TVL Surge To Over $500M Amid Season 4 Of Open League Digest And Binance Integration appeared first on The Merkle News.

TON Blockchain Sees TVL Surge to Over $500M Amid Season 4 of Open League Digest and Binance Integ...

The TON blockchain is experiencing a significant surge in activity, with the Total Value Locked (TVL) surpassing $500 million as Season 4 of the Open League Digest gets underway.

This period has also seen a remarkable influx of over 1,000 applications for The Open League Hackathon, showcasing strong developer interest. Meanwhile, limited early-bird tickets for the Gateway event are now available at discounted prices, adding to the excitement.

The Open League Digest ☕️📖

With Season 4 underway, TVL on #TON has skyrocketed to over $500M. Over 1K applications have been received for The Open League Hackathon, limited early-bird tickets for Gateway are now on sale at a discounted price, and much more! 🚀

Details ➡️… pic.twitter.com/My9O93RXqs

— TON 💎 (@ton_blockchain) June 21, 2024

Binance Confirms Support For $USDT Transactions On The Ton Blockchain 

In a significant development, Binance has announced support for $USDT transactions on the TON blockchain.

This integration allows Binance users greater flexibility in moving stablecoin liquidity onto the TON blockchain, promising to enhance transaction speeds, reduce fees, and offer a cost-effective method for handling $USDT transactions.

⚡️JUST IN: @binance now supports $USDT transactions on the @ton_blockchain. pic.twitter.com/xsnWpW2wUT

— Cointelegraph (@Cointelegraph) June 21, 2024

The move by Binance to leverage the TON blockchain for stablecoin liquidity marks a substantial step forward in improving transaction efficiency and reducing costs for users. This integration underscores Binance’s commitment to advancing blockchain technology for broader accessibility and functionality within the crypto ecosystem.

The collaboration between Binance and the TON blockchain is expected to drive more adoption and usage, highlighting the growing importance of efficient, low-cost transaction solutions in the cryptocurrency space.

As the TON ecosystem continues to expand with initiatives like the Open League Digest and the upcoming Hackathon, the integration of $USDT transactions further solidifies its position as a leading blockchain platform.

This surge in TVL and the strategic moves by major players like Binance demonstrate the increasing confidence and interest in the TON blockchain.

With enhanced transaction capabilities and ongoing community engagement through events and hackathons, TON is well-positioned to continue its upward trajectory, offering robust solutions for both developers and users in the ever-evolving world of cryptocurrencies.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: stlegat/123RF / Image Effects by Colorcinch

The post TON Blockchain Sees TVL Surge To Over $500M Amid Season 4 Of Open League Digest And Binance Integration appeared first on The Merkle News.
Shiba Inu Whales Withdraw Holdings From Exchanges, Sparking Investor SpeculationRecent activities by Shiba Inu (SHIB) whales have stirred significant interest and speculation among investors. These large holders have been transferring substantial amounts of SHIB from exchanges, raising questions about their intentions and the potential impact on the market. In a notable move, Shiba Inu whales transferred a total of 2.55 trillion SHIB from exchanges. This includes 2.2 trillion SHIB, worth approximately $39.9 million, moved from Robinhood, and 353 billion SHIB, valued at $6.6 million, withdrawn from Binance. Shiba Inu Whales Withdraw 2,553,827,943,318 SHIB from Exchanges https://t.co/QDMTspArgX — 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) June 21, 2024 Just yesterday, a smart whale made headlines by withdrawing 353.83 billion SHIB (worth $6.6 million) from Binance. This whale now holds a total of 838.87 billion SHIB, valued at $15.5 million, and has realized a profit of $6.12 million on their SHIB holdings. A smart whale withdrew 353.83B $SHIB($6.6M) from #Binance 45 minutes ago and currently holds 838.87B $SHIB($15.5M). The whale's profit on $SHIB is $6.12M.https://t.co/2knxKp4yEZ pic.twitter.com/05AQV2zqLw — Lookonchain (@lookonchain) June 20, 2024 Crypto.com Integrates SHIB And Other Memecoins For Visa Card Payments  The increasing popularity of Shiba Inu is also evident from its integration into mainstream platforms. Crypto.com has integrated SHIB and other meme coins for its Visa card payments, further boosting the visibility and utility of Shiba Inu. This integration allows SHIB holders to use their tokens for everyday transactions, enhancing the coin’s appeal and adoption. #SHIB Shiba Inu: CryptoCOM Includes SHIB For Visa Card Payments POV : Keep working on adoption . We'll see it's benefits later eventually ! I want to see a viral game app using $SHIB as their currency or #Xpayment 👀https://t.co/ebGi8jENcq — Lola (@CryptoLollla) June 20, 2024 These developments highlight the growing influence and acceptance of Shiba Inu in the cryptocurrency space. The significant withdrawals by whales could be seen as a strategic move to hold their assets in more secure environments or prepare for future market actions. Meanwhile, the broader adoption of SHIB, facilitated by platforms like Crypto.com, suggests a positive outlook for the token’s future. As Shiba Inu continues to gain traction, investors will be keenly watching the actions of large holders and the token’s integration into more financial services, potentially driving further interest and investment in SHIB. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news! Image Source: nexusplexus/123RF // Image Effects by Colorcinch The post Shiba Inu Whales Withdraw Holdings From Exchanges, Sparking Investor Speculation appeared first on The Merkle News.

Shiba Inu Whales Withdraw Holdings From Exchanges, Sparking Investor Speculation

Recent activities by Shiba Inu (SHIB) whales have stirred significant interest and speculation among investors.

These large holders have been transferring substantial amounts of SHIB from exchanges, raising questions about their intentions and the potential impact on the market.

In a notable move, Shiba Inu whales transferred a total of 2.55 trillion SHIB from exchanges. This includes 2.2 trillion SHIB, worth approximately $39.9 million, moved from Robinhood, and 353 billion SHIB, valued at $6.6 million, withdrawn from Binance.

Shiba Inu Whales Withdraw 2,553,827,943,318 SHIB from Exchanges https://t.co/QDMTspArgX

— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO (@LucieSHIB) June 21, 2024

Just yesterday, a smart whale made headlines by withdrawing 353.83 billion SHIB (worth $6.6 million) from Binance. This whale now holds a total of 838.87 billion SHIB, valued at $15.5 million, and has realized a profit of $6.12 million on their SHIB holdings.

A smart whale withdrew 353.83B $SHIB($6.6M) from #Binance 45 minutes ago and currently holds 838.87B $SHIB($15.5M).

The whale's profit on $SHIB is $6.12M.https://t.co/2knxKp4yEZ pic.twitter.com/05AQV2zqLw

— Lookonchain (@lookonchain) June 20, 2024

Crypto.com Integrates SHIB And Other Memecoins For Visa Card Payments 

The increasing popularity of Shiba Inu is also evident from its integration into mainstream platforms. Crypto.com has integrated SHIB and other meme coins for its Visa card payments, further boosting the visibility and utility of Shiba Inu.

This integration allows SHIB holders to use their tokens for everyday transactions, enhancing the coin’s appeal and adoption.

#SHIB Shiba Inu: CryptoCOM Includes SHIB For Visa Card Payments

POV : Keep working on adoption . We'll see it's benefits later eventually ! I want to see a viral game app using $SHIB as their currency or #Xpayment 👀https://t.co/ebGi8jENcq

— Lola (@CryptoLollla) June 20, 2024

These developments highlight the growing influence and acceptance of Shiba Inu in the cryptocurrency space.

The significant withdrawals by whales could be seen as a strategic move to hold their assets in more secure environments or prepare for future market actions. Meanwhile, the broader adoption of SHIB, facilitated by platforms like Crypto.com, suggests a positive outlook for the token’s future.

As Shiba Inu continues to gain traction, investors will be keenly watching the actions of large holders and the token’s integration into more financial services, potentially driving further interest and investment in SHIB.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: nexusplexus/123RF // Image Effects by Colorcinch

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DEGEN Ranks No.2 in Memecoin Metrics Despite Notable Value DeclineDEGEN has recently achieved an impressive ranking, securing the #2 spot across various on-chain metrics for memecoins. This includes trader numbers and transaction counts, placing DEGEN just behind the renowned Dogecoin (DOGE). This is particularly noteworthy given DEGEN’s market cap stands at a mere 0.79% of Dogecoin’s. Despite this achievement, DEGEN has seen a significant decline in value. Over the past 24 hours, its value has dropped by 11%, contributing to a total decrease of 27% over the last seven days. On-chain data reveals that Whale 0x7be offloaded all 40.21 million DEGEN tokens, worth approximately $429,000, in exchange for 122.8 ETH at an average price of $0.01092 per token. DEGEN Whale Records Notable Loss After Selling Off  Interestingly, this whale initially acquired the DEGEN tokens with 300 ETH, valued at $891,000, at an average price of $0.0222 each on April 14, 2024. This recent sale resulted in a substantial loss for the whale. After selling the tokens, the whale recorded a loss of 177.2 ETH, equivalent to around $639,000 or a 59.1% decline over four months. The fluctuations in DEGEN’s value underscore the volatility inherent in the memecoin market, even as the token garners significant trading activity and transaction volumes. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news! Image Source: jtdee23/123RF // Image Effects by Colorcinch The post DEGEN Ranks No.2 In Memecoin Metrics Despite Notable Value Decline appeared first on The Merkle News.

DEGEN Ranks No.2 in Memecoin Metrics Despite Notable Value Decline

DEGEN has recently achieved an impressive ranking, securing the #2 spot across various on-chain metrics for memecoins.

This includes trader numbers and transaction counts, placing DEGEN just behind the renowned Dogecoin (DOGE). This is particularly noteworthy given DEGEN’s market cap stands at a mere 0.79% of Dogecoin’s.

Despite this achievement, DEGEN has seen a significant decline in value. Over the past 24 hours, its value has dropped by 11%, contributing to a total decrease of 27% over the last seven days.

On-chain data reveals that Whale 0x7be offloaded all 40.21 million DEGEN tokens, worth approximately $429,000, in exchange for 122.8 ETH at an average price of $0.01092 per token.

DEGEN Whale Records Notable Loss After Selling Off 

Interestingly, this whale initially acquired the DEGEN tokens with 300 ETH, valued at $891,000, at an average price of $0.0222 each on April 14, 2024.

This recent sale resulted in a substantial loss for the whale. After selling the tokens, the whale recorded a loss of 177.2 ETH, equivalent to around $639,000 or a 59.1% decline over four months.

The fluctuations in DEGEN’s value underscore the volatility inherent in the memecoin market, even as the token garners significant trading activity and transaction volumes.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: jtdee23/123RF // Image Effects by Colorcinch

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Address 0x846…f82D7 Realizes $2.25 Million Profit From $RNDR Amid Growing Holder BaseAddress 0x846…f82D7 is suspected to have successfully cleared its 640,000 $RNDR coins acquired five months ago, potentially realizing a profit of $2.25 million. On January 17, 2024, this address transferred 640,000 RNDR from Binance at an average price of $4.16. For several months, there was no activity involving these holdings. However, just five hours ago, all 640,000 RNDR were transferred to OKX at a price of $7.65. https://x.com/ai_9684xtpa/status/1803609625071329721?t=5wZwevl-42r7w65tUsz-3A&s=19 $RNDR Boasts Almost 99,059 Holders, Close To A Milestone  This significant move comes at a time when $RNDR is on the brink of a milestone, with its total number of holders nearing 100,000. Currently, $RNDR has 99,059 holders, just shy of this landmark figure. $RNDR is less than 1000 holders away from reaching 100,000 holders. Probably nothing. pic.twitter.com/ddFf7UbKfi — D0c Crypto ⭕️ (@TheRealD0c) June 20, 2024 The strategic timing of these transactions and the substantial profit realized reflect savvy trading maneuvers by the address 0x846…f82D7, and may inspire confidence among $RNDR holders as the token’s community continues to grow. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news! Image Source: nahumam/123RF // Image Effects by Colorcinch The post Address 0x846…f82D7 Realizes $2.25 Million Profit From $RNDR Amid Growing Holder Base appeared first on The Merkle News.

Address 0x846…f82D7 Realizes $2.25 Million Profit From $RNDR Amid Growing Holder Base

Address 0x846…f82D7 is suspected to have successfully cleared its 640,000 $RNDR coins acquired five months ago, potentially realizing a profit of $2.25 million.

On January 17, 2024, this address transferred 640,000 RNDR from Binance at an average price of $4.16. For several months, there was no activity involving these holdings. However, just five hours ago, all 640,000 RNDR were transferred to OKX at a price of $7.65.

https://x.com/ai_9684xtpa/status/1803609625071329721?t=5wZwevl-42r7w65tUsz-3A&s=19

$RNDR Boasts Almost 99,059 Holders, Close To A Milestone 

This significant move comes at a time when $RNDR is on the brink of a milestone, with its total number of holders nearing 100,000. Currently, $RNDR has 99,059 holders, just shy of this landmark figure.

$RNDR is less than 1000 holders away from reaching 100,000 holders.

Probably nothing. pic.twitter.com/ddFf7UbKfi

— D0c Crypto ⭕️ (@TheRealD0c) June 20, 2024

The strategic timing of these transactions and the substantial profit realized reflect savvy trading maneuvers by the address 0x846…f82D7, and may inspire confidence among $RNDR holders as the token’s community continues to grow.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: nahumam/123RF // Image Effects by Colorcinch

The post Address 0x846…f82D7 Realizes $2.25 Million Profit From $RNDR Amid Growing Holder Base appeared first on The Merkle News.
Dogecoin Whales Reduce Holdings As Price Doubles; Arthur Hayes Invests in $PENDLE and $DOGEDogecoin (DOGE) whales have significantly reduced their positions over the past year. According to the latest analysis by @intotheblock, the largest DOGE holders have cut their share from 45.3% to 41.3%. Despite this reduction, DOGE has nearly doubled in price within the last 12 months, rising from $0.062 to $0.122. Dogecoin whales are cutting positions! -> According to the latest analysis by @intotheblock, the largest $DOGE whales have slashed their share from 45.3% to 41.3% over the past year-> Meanwhile, $DOGE has almost doubled its price within the last 12 months from $0.062 to $0.122 pic.twitter.com/7MhrbUgjIl — CryptoPotato Official (@Crypto_Potato) June 19, 2024 Hayes’ Wallets Acquires Massive 92,339 PENDLE Tokens In a related development, Arthur Hayes, founder of BitMex, recently announced via Twitter that he is adding $PENDLE and $DOGE to his investment portfolio. Following this announcement, one of Hayes’ wallets made a substantial purchase of 92,339.6 PENDLE tokens, valued at $554,000, through Wintermute. Hayes transferred 2.05 million USDC to Wintermute and subsequently received 280 ETH, worth $1 million, and 92,339.6 PENDLE tokens. This move underscores Hayes’ confidence in the potential of these cryptocurrencies. After Arthur Hayes(@CryptoHayes) tweeted that he is adding $PENDLE and $DOGE to his bags, one of his wallets bought 92,339.6 $PENDLE($554K) through #Wintermute. He transferred 2.05M $USDC to #Wintermute, then received 280 $ETH($1M) and 92,339.6 $PENDLE($554K).… pic.twitter.com/wo2Sl4245B — Lookonchain (@lookonchain) June 20, 2024 The strategic decisions by both the Dogecoin whales and Arthur Hayes highlight the dynamic nature of the cryptocurrency market, where major players continually adjust their positions in response to market trends and opportunities. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news! Image Source: archnoi1/123RF // Image Effects by Colorcinch The post Dogecoin Whales Reduce Holdings As Price Doubles; Arthur Hayes Invests In $PENDLE And $DOGE appeared first on The Merkle News.

Dogecoin Whales Reduce Holdings As Price Doubles; Arthur Hayes Invests in $PENDLE and $DOGE

Dogecoin (DOGE) whales have significantly reduced their positions over the past year. According to the latest analysis by @intotheblock, the largest DOGE holders have cut their share from 45.3% to 41.3%.

Despite this reduction, DOGE has nearly doubled in price within the last 12 months, rising from $0.062 to $0.122.

Dogecoin whales are cutting positions!

-> According to the latest analysis by @intotheblock, the largest $DOGE whales have slashed their share from 45.3% to 41.3% over the past year-> Meanwhile, $DOGE has almost doubled its price within the last 12 months from $0.062 to $0.122 pic.twitter.com/7MhrbUgjIl

— CryptoPotato Official (@Crypto_Potato) June 19, 2024

Hayes’ Wallets Acquires Massive 92,339 PENDLE Tokens

In a related development, Arthur Hayes, founder of BitMex, recently announced via Twitter that he is adding $PENDLE and $DOGE to his investment portfolio. Following this announcement, one of Hayes’ wallets made a substantial purchase of 92,339.6 PENDLE tokens, valued at $554,000, through Wintermute.

Hayes transferred 2.05 million USDC to Wintermute and subsequently received 280 ETH, worth $1 million, and 92,339.6 PENDLE tokens. This move underscores Hayes’ confidence in the potential of these cryptocurrencies.

After Arthur Hayes(@CryptoHayes) tweeted that he is adding $PENDLE and $DOGE to his bags, one of his wallets bought 92,339.6 $PENDLE($554K) through #Wintermute.

He transferred 2.05M $USDC to #Wintermute, then received 280 $ETH($1M) and 92,339.6 $PENDLE($554K).… pic.twitter.com/wo2Sl4245B

— Lookonchain (@lookonchain) June 20, 2024

The strategic decisions by both the Dogecoin whales and Arthur Hayes highlight the dynamic nature of the cryptocurrency market, where major players continually adjust their positions in response to market trends and opportunities.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: archnoi1/123RF // Image Effects by Colorcinch

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Ethereum Surges Over 4% As SEC Closes Investigation Into Ethereum 2.0Ethereum has risen by over 4% today, reclaiming the $3,500 mark, following significant news from the SEC. According to on-chain reports, after @Consensys announced on X (formerly Twitter) that the SEC had closed its investigation into Ethereum 2.0, a whale purchased an additional 5,603 $ETH, valued at $19.6 million. This whale has been actively accumulating Ethereum, having withdrawn a total of 16,604 $ETH (approximately $59 million) from Binance at an average price of $3,600 since May 30. The recent purchase underscores a growing confidence among large investors in the future of Ethereum. After @Consensys posted that the #SEC had closed its investigation into #Ethereum 2.0, the whale bought another 5,603 $ETH($19.6M). The whale has withdrawn 16,604 $ETH($59M) at an average price of $3,600 from #Binance since May 30.https://t.co/NYbgSJevaT pic.twitter.com/N3vsISPeyX — Lookonchain (@lookonchain) June 19, 2024 Ethereum Case With The SEC Closed The decision by the SEC’s Enforcement Division to close its investigation into Ethereum 2.0 is a significant victory for Ethereum developers, technology providers, and industry participants. This closure means the SEC will not bring charges alleging that the sales of ETH are securities transactions, alleviating regulatory uncertainty that has loomed over the cryptocurrency. ETHEREUM SURVIVES THE SEC. Today we’re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0. This means that the SEC… — Consensys (@Consensys) June 19, 2024 The news has buoyed market sentiment, contributing to Ethereum’s price surge. The clarification from the SEC provides a more stable regulatory environment for Ethereum, encouraging further investment and development within the ecosystem. As Ethereum continues to evolve, the resolution of this investigation removes a significant hurdle, potentially paving the way for increased adoption and innovation. Market participants are now watching closely to see how this regulatory clarity will impact the broader cryptocurrency landscape. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news! The post Ethereum Surges Over 4% As SEC Closes Investigation Into Ethereum 2.0 appeared first on The Merkle News.

Ethereum Surges Over 4% As SEC Closes Investigation Into Ethereum 2.0

Ethereum has risen by over 4% today, reclaiming the $3,500 mark, following significant news from the SEC.

According to on-chain reports, after @Consensys announced on X (formerly Twitter) that the SEC had closed its investigation into Ethereum 2.0, a whale purchased an additional 5,603 $ETH, valued at $19.6 million.

This whale has been actively accumulating Ethereum, having withdrawn a total of 16,604 $ETH (approximately $59 million) from Binance at an average price of $3,600 since May 30. The recent purchase underscores a growing confidence among large investors in the future of Ethereum.

After @Consensys posted that the #SEC had closed its investigation into #Ethereum 2.0, the whale bought another 5,603 $ETH($19.6M).

The whale has withdrawn 16,604 $ETH($59M) at an average price of $3,600 from #Binance since May 30.https://t.co/NYbgSJevaT pic.twitter.com/N3vsISPeyX

— Lookonchain (@lookonchain) June 19, 2024

Ethereum Case With The SEC Closed

The decision by the SEC’s Enforcement Division to close its investigation into Ethereum 2.0 is a significant victory for Ethereum developers, technology providers, and industry participants. This closure means the SEC will not bring charges alleging that the sales of ETH are securities transactions, alleviating regulatory uncertainty that has loomed over the cryptocurrency.

ETHEREUM SURVIVES THE SEC.

Today we’re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0.

This means that the SEC…

— Consensys (@Consensys) June 19, 2024

The news has buoyed market sentiment, contributing to Ethereum’s price surge. The clarification from the SEC provides a more stable regulatory environment for Ethereum, encouraging further investment and development within the ecosystem.

As Ethereum continues to evolve, the resolution of this investigation removes a significant hurdle, potentially paving the way for increased adoption and innovation. Market participants are now watching closely to see how this regulatory clarity will impact the broader cryptocurrency landscape.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

The post Ethereum Surges Over 4% As SEC Closes Investigation Into Ethereum 2.0 appeared first on The Merkle News.
Blockchain Sleuth Reveals TrumpCoin DJT Deployer As Martin Shkreli, Insiders Cash Out BigBlockchain investigator ZachXBT recently unveiled that the creator of TrumpCoin (DJT) is none other than Martin Shkreli, the infamous financier who was sentenced to over six years in prison for securities fraud and conspiracy. The revelation came after Arkham announced a $150,000 bounty for identifying the DJT creator. ZachXBT tweeted the following timeline of events: “Earlier today Arkham announced a $150K bounty for the identity of the DJT creator. 11:49 pm UTC: I reply to Arkham saying I submitted for the bounty. 11:57 pm UTC: Martin Shkreli panic DM’s me. 12:27 am UTC: Martin Shkreli creates a Spaces and announces he is the creator of DJT.” For those who are confused and need additional context. Earlier today Arkham announced a $150K bounty for the identity of the DJT creator 11:49 pm UTC I reply to Arkham saying I submitted for the bounty11:57 pm UTC Martin Shkreli panic DM’s me 12:27 am UTC Martin Shkreli… pic.twitter.com/pKCQDOo7AZ — ZachXBT (@zachxbt) June 19, 2024 Following the revelation, significant insider activity was reported. Verso.sol, a major DJT insider, dumped $832,000 worth of DJT and then deposited USDC to a centralized exchange. This individual is also a large holder in Shkreli’s other project, Shoggoth. An account named CWR, who served as the admin of the DJT Telegram group, is very active in Shkreli’s public Discord server, boasting over 1,000 messages. CWR, whose Discord username is ‘cameronrox,’ has referred to himself multiple times as Cameron Roxborough and claimed to have attended school with Barron Trump. Last night, CWR exited both the Telegram group and Discord server, but his messages remain in the Discord server. Insider Sold 58.71 Million DJT For 9,870 SOL According to on-chain data from Lookonchain, an insider sold all 58.71 million $DJT (TrumpCoin) for 9,870 $SOL ($1.37 million) today, making 7,507 $SOL ($1.04 million) in just two days. This insider sold all 58.71M $DJT(#TrumpCoin) for 9,870 $SOL($1.37M) 4 hours ago! He made 7,507 $SOL($1.04M) in just 2 days!https://t.co/jN8FcbvYuF pic.twitter.com/VL7WbOkmvW — Lookonchain (@lookonchain) June 19, 2024 Another insider made a significant profit by buying a large amount of $DJT before the revelation and sold it for over $1 million. This individual created a new wallet three days ago, withdrew 72 $SOL from Binance, spent 67.1 $SOL ($9,400) to buy 58.87 million $DJT, and sold it for 7,387 SOL ($1.03 million) and 10,241 $USDC, achieving a 110x gain. Another insider bought a large amount of $DJT(#TrumpCoin) before the post and made more than $1M with a cost of only $9,400! This insider created a new wallet 3 days ago and withdrew 72 $SOL from #Binance. He spent 67.1 $SOL($9,400) to buy 58.87M $DJT, then sold for 7,387… pic.twitter.com/xe8fAYlwDG — Lookonchain (@lookonchain) June 19, 2024 The unmasking of Shkreli and the subsequent insider trading activities have raised significant concerns within the crypto community, highlighting the ongoing need for vigilance and transparency in the sector. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news! The post Blockchain Sleuth Reveals TrumpCoin DJT Deployer As Martin Shkreli, Insiders Cash Out Big appeared first on The Merkle News.

Blockchain Sleuth Reveals TrumpCoin DJT Deployer As Martin Shkreli, Insiders Cash Out Big

Blockchain investigator ZachXBT recently unveiled that the creator of TrumpCoin (DJT) is none other than Martin Shkreli, the infamous financier who was sentenced to over six years in prison for securities fraud and conspiracy.

The revelation came after Arkham announced a $150,000 bounty for identifying the DJT creator. ZachXBT tweeted the following timeline of events:

“Earlier today Arkham announced a $150K bounty for the identity of the DJT creator.

11:49 pm UTC: I reply to Arkham saying I submitted for the bounty. 11:57 pm UTC: Martin Shkreli panic DM’s me. 12:27 am UTC: Martin Shkreli creates a Spaces and announces he is the creator of DJT.”

For those who are confused and need additional context.

Earlier today Arkham announced a $150K bounty for the identity of the DJT creator

11:49 pm UTC I reply to Arkham saying I submitted for the bounty11:57 pm UTC Martin Shkreli panic DM’s me 12:27 am UTC Martin Shkreli… pic.twitter.com/pKCQDOo7AZ

— ZachXBT (@zachxbt) June 19, 2024

Following the revelation, significant insider activity was reported. Verso.sol, a major DJT insider, dumped $832,000 worth of DJT and then deposited USDC to a centralized exchange. This individual is also a large holder in Shkreli’s other project, Shoggoth.

An account named CWR, who served as the admin of the DJT Telegram group, is very active in Shkreli’s public Discord server, boasting over 1,000 messages. CWR, whose Discord username is ‘cameronrox,’ has referred to himself multiple times as Cameron Roxborough and claimed to have attended school with Barron Trump. Last night, CWR exited both the Telegram group and Discord server, but his messages remain in the Discord server.

Insider Sold 58.71 Million DJT For 9,870 SOL

According to on-chain data from Lookonchain, an insider sold all 58.71 million $DJT (TrumpCoin) for 9,870 $SOL ($1.37 million) today, making 7,507 $SOL ($1.04 million) in just two days.

This insider sold all 58.71M $DJT(#TrumpCoin) for 9,870 $SOL($1.37M) 4 hours ago!

He made 7,507 $SOL($1.04M) in just 2 days!https://t.co/jN8FcbvYuF pic.twitter.com/VL7WbOkmvW

— Lookonchain (@lookonchain) June 19, 2024

Another insider made a significant profit by buying a large amount of $DJT before the revelation and sold it for over $1 million.

This individual created a new wallet three days ago, withdrew 72 $SOL from Binance, spent 67.1 $SOL ($9,400) to buy 58.87 million $DJT, and sold it for 7,387 SOL ($1.03 million) and 10,241 $USDC, achieving a 110x gain.

Another insider bought a large amount of $DJT(#TrumpCoin) before the post and made more than $1M with a cost of only $9,400!

This insider created a new wallet 3 days ago and withdrew 72 $SOL from #Binance.

He spent 67.1 $SOL($9,400) to buy 58.87M $DJT, then sold for 7,387… pic.twitter.com/xe8fAYlwDG

— Lookonchain (@lookonchain) June 19, 2024

The unmasking of Shkreli and the subsequent insider trading activities have raised significant concerns within the crypto community, highlighting the ongoing need for vigilance and transparency in the sector.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

The post Blockchain Sleuth Reveals TrumpCoin DJT Deployer As Martin Shkreli, Insiders Cash Out Big appeared first on The Merkle News.
Insider Trading Suspected As $DJT Token Experiences Volatile Market ActivityA newly created wallet, suspected of insider trading, recently spent 1,363 $SOL (approximately $188,000) to acquire 52.09 million $DJT tokens just before news broke about the launch of Donald Trump’s official token, $DJT, on the Solana blockchain. Following the announcement, the same wallet withdrew an additional 1,000 $SOL (about $138,000) from Binance to purchase another 6.62 million $DJT tokens. Currently, this wallet holds 58.71 million $DJT tokens, valued at $1.56 million, making it the third-largest holder of $DJT. The significant acquisitions prior to the public announcement suggest potential insider knowledge. Note that a fresh wallet(maybe an insider) spent 1,363 $SOL($188K) to buy 52.09M $DJT before the news that Trump is launching an official token — $DJT on Solana. After the news, he withdrew another 1,000 $SOL($138K) from #Binance to buy 6.62M $DJT. He currently holds 58.71M… pic.twitter.com/WaSEfUrXBh — Lookonchain (@lookonchain) June 18, 2024 In another case of astute trading, a wallet identified as 5Ffhy…R5msK demonstrated impressive market timing. Over three days, this trader bought low and sold high, realizing a profit of more than 33 times the initial investment. On June 16, they purchased 11.15 million $DJT tokens at an average price of $0.001005, spending 74.69 $SOL (around $11,000). They then sold all holdings at $0.03468 just three hours ago, securing a profit of $370,000, with a return rate of 3349%. https://x.com/ai_9684xtpa/status/1802983707021832528?t=9X7DhDJzPso141uoRlDoOg&s=19 Trader Lost Over $341,427 In A Single $DJT Trade Conversely, not all trades were successful. Another trader spent 2,500 $SOL (approximately $342,100) to buy 91,705.6 $DJT tokens. Unfortunately, when they sold, they received only 4.91 $SOL (about $673) back, resulting in a staggering loss of $341,427 in less than one minute. What a sad story! This guy spent 2,500 $SOL($342.1K) to buy 91,705.6 $DJT but only got 4.91 $SOL($673) back when he sold it. He lost $341.4K in less than 1 minute!https://t.co/jrL0ZGa76Dhttps://t.co/qICy7GZfmj pic.twitter.com/olr78X8snp — Lookonchain (@lookonchain) June 18, 2024 These incidents highlight the volatile nature of the $DJT token market following the launch announcement. While some traders have capitalized on the token’s rapid price movements, others have faced significant losses. The suspected insider trading activity and subsequent market fluctuations underscore the risks and potential rewards in the rapidly evolving cryptocurrency landscape. As the market continues to react to the launch of $DJT, traders and investors will be closely monitoring further developments. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news! The post Insider Trading Suspected As $DJT Token Experiences Volatile Market Activity appeared first on The Merkle News.

Insider Trading Suspected As $DJT Token Experiences Volatile Market Activity

A newly created wallet, suspected of insider trading, recently spent 1,363 $SOL (approximately $188,000) to acquire 52.09 million $DJT tokens just before news broke about the launch of Donald Trump’s official token, $DJT, on the Solana blockchain.

Following the announcement, the same wallet withdrew an additional 1,000 $SOL (about $138,000) from Binance to purchase another 6.62 million $DJT tokens.

Currently, this wallet holds 58.71 million $DJT tokens, valued at $1.56 million, making it the third-largest holder of $DJT. The significant acquisitions prior to the public announcement suggest potential insider knowledge.

Note that a fresh wallet(maybe an insider) spent 1,363 $SOL($188K) to buy 52.09M $DJT before the news that Trump is launching an official token — $DJT on Solana.

After the news, he withdrew another 1,000 $SOL($138K) from #Binance to buy 6.62M $DJT.

He currently holds 58.71M… pic.twitter.com/WaSEfUrXBh

— Lookonchain (@lookonchain) June 18, 2024

In another case of astute trading, a wallet identified as 5Ffhy…R5msK demonstrated impressive market timing. Over three days, this trader bought low and sold high, realizing a profit of more than 33 times the initial investment.

On June 16, they purchased 11.15 million $DJT tokens at an average price of $0.001005, spending 74.69 $SOL (around $11,000). They then sold all holdings at $0.03468 just three hours ago, securing a profit of $370,000, with a return rate of 3349%.

https://x.com/ai_9684xtpa/status/1802983707021832528?t=9X7DhDJzPso141uoRlDoOg&s=19

Trader Lost Over $341,427 In A Single $DJT Trade

Conversely, not all trades were successful. Another trader spent 2,500 $SOL (approximately $342,100) to buy 91,705.6 $DJT tokens. Unfortunately, when they sold, they received only 4.91 $SOL (about $673) back, resulting in a staggering loss of $341,427 in less than one minute.

What a sad story!

This guy spent 2,500 $SOL($342.1K) to buy 91,705.6 $DJT but only got 4.91 $SOL($673) back when he sold it.

He lost $341.4K in less than 1 minute!https://t.co/jrL0ZGa76Dhttps://t.co/qICy7GZfmj pic.twitter.com/olr78X8snp

— Lookonchain (@lookonchain) June 18, 2024

These incidents highlight the volatile nature of the $DJT token market following the launch announcement. While some traders have capitalized on the token’s rapid price movements, others have faced significant losses.

The suspected insider trading activity and subsequent market fluctuations underscore the risks and potential rewards in the rapidly evolving cryptocurrency landscape. As the market continues to react to the launch of $DJT, traders and investors will be closely monitoring further developments.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

The post Insider Trading Suspected As $DJT Token Experiences Volatile Market Activity appeared first on The Merkle News.
BeerCoin Faces Turmoil As Team-Linked Wallet Sells Off Massive HoldingsThe price of BeerCoin ($BEER) has plummeted over 60% today, as a wallet linked to the BeerCoin team offloaded significant holdings. This wallet, which received 8.88 billion $BEER from the BeerCoin team wallet “8VY4LF…fDd5G2”, sold 8.7 billion $BEER for $1 million over the past two days. Another wallet related to the #beercoin team is selling $BEER and the price of $BEER has dropped more than 60% today! This wallet received 8.88B $BEER from the #beercoin team wallet "8VY4LF…fDd5G2", and sold 8.7B $BEER for $1M in the past 2 days.https://t.co/E105MTcVSM pic.twitter.com/zI9BpycMyH — Lookonchain (@lookonchain) June 18, 2024 In a recent announcement on X (formerly Twitter), the BeerCoin team revealed that they have been closely monitoring the wallets of all major partners and key opinion leaders (KOLs) who had previously received $BEER allocations. The on-chain analytics indicated that 95% of these allocations have been fully sold during the recent market panic, exacerbating the price decline. https://twitter.com/beercoinmeme/status/1803035385074688227?t=NJd8K6B4rYLr3gDzU1twXA&s=19 Investor’s Confidence On $BEER Gets Shaken Due To The Massive Selloff  The sudden sell-off by the team-linked wallet and the mass liquidation by partners and KOLs have shaken investor confidence. The BeerCoin team’s tracking efforts underscore their concerns about the stability of $BEER’s market, but it has not been enough to prevent the sharp drop in value. This massive sell-off and subsequent price drop highlight the volatile nature of cryptocurrency markets, especially for tokens with concentrated holdings. The BeerCoin team’s announcement and tracking efforts aim to restore some level of transparency, but the damage to $BEER’s market perception may take time to repair. As BeerCoin struggles with this significant price drop, investors and market watchers will be looking for signs of stabilization or further volatility. The actions of large holders and the team’s response will be critical in determining the future trajectory of $BEER. The recent events serve as a reminder of the risks associated with cryptocurrencies, where market sentiment can shift rapidly due to large transactions and the actions of influential stakeholders. The BeerCoin community will be closely monitoring the situation as they navigate through this period of uncertainty. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news! Image Source: 4559585/123RF // Image Effects by Colorcinch The post BeerCoin Faces Turmoil As Team-Linked Wallet Sells Off Massive Holdings appeared first on The Merkle News.

BeerCoin Faces Turmoil As Team-Linked Wallet Sells Off Massive Holdings

The price of BeerCoin ($BEER) has plummeted over 60% today, as a wallet linked to the BeerCoin team offloaded significant holdings.

This wallet, which received 8.88 billion $BEER from the BeerCoin team wallet “8VY4LF…fDd5G2”, sold 8.7 billion $BEER for $1 million over the past two days.

Another wallet related to the #beercoin team is selling $BEER and the price of $BEER has dropped more than 60% today!

This wallet received 8.88B $BEER from the #beercoin team wallet "8VY4LF…fDd5G2", and sold 8.7B $BEER for $1M in the past 2 days.https://t.co/E105MTcVSM pic.twitter.com/zI9BpycMyH

— Lookonchain (@lookonchain) June 18, 2024

In a recent announcement on X (formerly Twitter), the BeerCoin team revealed that they have been closely monitoring the wallets of all major partners and key opinion leaders (KOLs) who had previously received $BEER allocations. The on-chain analytics indicated that 95% of these allocations have been fully sold during the recent market panic, exacerbating the price decline.

https://twitter.com/beercoinmeme/status/1803035385074688227?t=NJd8K6B4rYLr3gDzU1twXA&s=19

Investor’s Confidence On $BEER Gets Shaken Due To The Massive Selloff 

The sudden sell-off by the team-linked wallet and the mass liquidation by partners and KOLs have shaken investor confidence. The BeerCoin team’s tracking efforts underscore their concerns about the stability of $BEER’s market, but it has not been enough to prevent the sharp drop in value.

This massive sell-off and subsequent price drop highlight the volatile nature of cryptocurrency markets, especially for tokens with concentrated holdings. The BeerCoin team’s announcement and tracking efforts aim to restore some level of transparency, but the damage to $BEER’s market perception may take time to repair.

As BeerCoin struggles with this significant price drop, investors and market watchers will be looking for signs of stabilization or further volatility. The actions of large holders and the team’s response will be critical in determining the future trajectory of $BEER.

The recent events serve as a reminder of the risks associated with cryptocurrencies, where market sentiment can shift rapidly due to large transactions and the actions of influential stakeholders. The BeerCoin community will be closely monitoring the situation as they navigate through this period of uncertainty.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: 4559585/123RF // Image Effects by Colorcinch

The post BeerCoin Faces Turmoil As Team-Linked Wallet Sells Off Massive Holdings appeared first on The Merkle News.
Dormant Whale Moves $9.76M in QNT to Kraken, New Wallets Show ActivityA long-dormant whale has resurfaced, moving 118,090 QNT, valued at $9.76 million, to Kraken. This address, which accumulated a large amount of QNT six years ago, remained inactive during the 2021 uptrend. It only became active this month and still holds a substantial 200,000 QNT, approximately valued at $16.53 million. Inactive for Six Years, whale moves 118.09K $QNT ($9.76M) to Kraken, missing $130M Profit. Six years ago, the address accumulated 326K $QNT, valued at just $200K at the time, and remained inactive for 6 years. It notably missed the 2021 uptrend, which could have brought its… pic.twitter.com/p1r3jllUj6 — Spot On Chain (@spotonchain) June 17, 2024 In addition to the whale’s activity, three relatively new wallets, all created within the last three weeks, have been transacting significant amounts of QNT. Each of these wallets has transacted 1,001 QNT, worth $80,000, within the past hour. 🧿💥 $QNT 3 fairly new wallets (created in the last 3 weeks) all holding similar amounts transact 1001 QNT – $80k (last 1 hour). All 3 private wallets now hold 10k+ QNT value $800k+. Licence lock-up wallets in my opinion. 🤔 pic.twitter.com/lHy2YTfVMn — Mind Crypto 🍥 (@MindCrypto_) June 17, 2024 The Three Wallets Now Hold Over 10,000 QNT Each Currently, all three wallets hold over 10,000 QNT each, with a combined value exceeding $800,000. The whale’s sudden movement and the activity in the new wallets suggest a potential shift in QNT’s market dynamics. The reactivation of such a significant amount of QNT could influence market sentiment and price action, especially given the whale’s sizable holdings. The new wallets’ transactions indicate increased interest and potentially coordinated buying, which might impact the token’s liquidity and volatility. These developments come at a time when QNT’s market performance is closely watched by investors. The reactivation of dormant holdings and the emergence of new, significant wallets could signal underlying market trends or strategic positioning by large players. Market participants will be keen to observe how these activities unfold and their potential impact on QNT’s price and trading volume. The interplay between the whale’s actions and the new wallets’ transactions will likely shape QNT’s short-term market narrative, prompting both caution and speculation among traders and investors. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news! Image Source: ramirezom/123RF // Image Effects by Colorcinch The post Dormant Whale Moves $9.76M In QNT To Kraken, New Wallets Show Activity appeared first on The Merkle News.

Dormant Whale Moves $9.76M in QNT to Kraken, New Wallets Show Activity

A long-dormant whale has resurfaced, moving 118,090 QNT, valued at $9.76 million, to Kraken. This address, which accumulated a large amount of QNT six years ago, remained inactive during the 2021 uptrend.

It only became active this month and still holds a substantial 200,000 QNT, approximately valued at $16.53 million.

Inactive for Six Years, whale moves 118.09K $QNT ($9.76M) to Kraken, missing $130M Profit.

Six years ago, the address accumulated 326K $QNT, valued at just $200K at the time, and remained inactive for 6 years.

It notably missed the 2021 uptrend, which could have brought its… pic.twitter.com/p1r3jllUj6

— Spot On Chain (@spotonchain) June 17, 2024

In addition to the whale’s activity, three relatively new wallets, all created within the last three weeks, have been transacting significant amounts of QNT. Each of these wallets has transacted 1,001 QNT, worth $80,000, within the past hour.

🧿💥 $QNT 3 fairly new wallets (created in the last 3 weeks) all holding similar amounts transact 1001 QNT – $80k (last 1 hour).

All 3 private wallets now hold 10k+ QNT value $800k+.

Licence lock-up wallets in my opinion. 🤔 pic.twitter.com/lHy2YTfVMn

— Mind Crypto 🍥 (@MindCrypto_) June 17, 2024

The Three Wallets Now Hold Over 10,000 QNT Each

Currently, all three wallets hold over 10,000 QNT each, with a combined value exceeding $800,000. The whale’s sudden movement and the activity in the new wallets suggest a potential shift in QNT’s market dynamics. The reactivation of such a significant amount of QNT could influence market sentiment and price action, especially given the whale’s sizable holdings. The new wallets’ transactions indicate increased interest and potentially coordinated buying, which might impact the token’s liquidity and volatility.

These developments come at a time when QNT’s market performance is closely watched by investors. The reactivation of dormant holdings and the emergence of new, significant wallets could signal underlying market trends or strategic positioning by large players.

Market participants will be keen to observe how these activities unfold and their potential impact on QNT’s price and trading volume.

The interplay between the whale’s actions and the new wallets’ transactions will likely shape QNT’s short-term market narrative, prompting both caution and speculation among traders and investors.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: ramirezom/123RF // Image Effects by Colorcinch

The post Dormant Whale Moves $9.76M In QNT To Kraken, New Wallets Show Activity appeared first on The Merkle News.
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