Solana-based memecoin $TEA is making waves with its latest roadmap update and imminent Centralized Exchange (CEX) listing.

The announcement has caught the attention of its vibrant community, which boasts over 3 million members.

Currently, $TEA is consolidating within a descending parallel channel. However, technical analysis suggests that if $TEA breaks through its upper boundary at $0.00005814, the token could potentially surge by 30%, targeting a price of $0.00007526. This technical breakout could ignite a fresh wave of buying interest.

$TEA is consolidating within a descending parallel channel, but once it breaks the upper boundary at $0.00005814, #TEA could surge 30% toward $0.00007526!

Interestingly, $TEA's first CEX listing has been approved!

Highlights:

New products: TEA-Staking, LP Farming, TEA-Swap… pic.twitter.com/j1FBdQIO2H

— Ali (@ali_charts) July 26, 2024

$TEA Ecosystem Expansion And Market Capitalisation Stability 

In addition to the price action, $TEA has recently expanded its ecosystem with the launch of staking, liquidity pool (LP) farming, and swap functionalities. These new features are expected to positively impact the token’s value by increasing its utility and attractiveness to investors.

The current market capitalization of $TEA exceeds $100 million, reflecting its strong position in the memecoin space. The upcoming CEX listing is anticipated to further boost its visibility and liquidity, potentially driving additional interest and investment.

$TEA

Staking, LP Farming and Swap has been released. This should affect posively the price.

Current Marketcap is +$100M

Tier-1 CEX listing is also approved. pic.twitter.com/gS3oZc6fkO

— CryptoSoulz (@SoulzBTC) July 27, 2024

As $TEA approaches this significant milestone, traders and investors are closely watching for any price movements that could signal new opportunities. The combination of a technical breakout, new features, and a major exchange listing could position $TEA for substantial gains in the near future.

Overall, $TEA’s roadmap and CEX listing mark exciting developments for the memecoin, setting the stage for potentially impressive performance as it navigates the crypto landscape.

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

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The post Solana Memecoin $TEA Sets New Roadmap And Gears Up For CEX Listing appeared first on The Merkle News.

The Solana meme token $MOTHER has surged by more than 25% in the last 24 hours, with its price surpassing $0.08.

This remarkable increase highlights the volatile and lucrative nature of meme tokens in the cryptocurrency market.

One savvy investor, identified by the wallet address F4Kpk…VHRkB, demonstrated impeccable timing by purchasing $MOTHER on July 11 when the price was stagnant.

This “prophet” invested $730,000 to acquire 19.43 million $MOTHER tokens at an average cost of just $0.03756.

Since then, the investor has not made any transfers or sales, resulting in a substantial floating profit of $923,000 at the current price of $0.08505. This equates to an impressive return rate of 126%.

Same Wallet Moved 9,680 SOL Out From Binance 

Before this strategic move, the same wallet transferred 9,680 SOL from Binance. Out of this, 6,350 SOL were sent to another address, Gx18y…GjX8H. This closely linked address also ventured into $MOTHER, opening a position of 5.78 million tokens. However, this secondary investor currently faces a floating loss of $170,000.

Solana Meme 代币 $MOTHER 24 小时涨幅超 25%，币价已突破 $0.08🚀

聪明钱 F4Kpk…VHRkB 仿佛「预言家」一般在 7 月 11 日币价横盘时花费 73 万美金买入了 1943 万枚 MOTHER，平均成本仅为 $0.03756

且建仓后至今没有任何转移或卖出操作，目前已浮盈 92.3 万美金（现价 $0.08505），回报率达 126% pic.twitter.com/8KMWTrKBCM

— Ai 姨 (@ai_9684xtpa) July 27, 2024

The stark contrast in outcomes between these two linked addresses underscores the unpredictable nature of the cryptocurrency market. While one investor reaps significant profits, another experiences a notable loss, highlighting the importance of timing and strategy in crypto trading.

The recent surge in $MOTHER’s value exemplifies the growing interest and speculation in meme tokens within the Solana ecosystem. Investors are keenly watching these tokens for potential high returns, despite the inherent risks.

As $MOTHER continues to capture attention, its future performance will be closely monitored by the crypto community. This case serves as a vivid example of the potential rewards and pitfalls in the fast-paced world of meme tokens and cryptocurrency trading.

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

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The post Solana Meme Token $MOTHER Soars By 25% In 24 Hours, Smart Money Profits appeared first on The Merkle News.

Solana memecoin SelfieDogCoin ($SELFIE) has experienced a staggering rise, with its price skyrocketing over 570% in just one week and an astonishing 850% over the past month.

The token’s market capitalization has now surpassed $50 million, drawing significant attention in the crypto community.

Woke up to $SELFIE at $50m

When it was at $2m, I threw $10k but still was waiting for a $1m dump to ape more

My thought was that $2m was already a good top for the actual market and its probably can run to $5m but no more

Today, my bag is worth $250k and I still haven’t sold a… pic.twitter.com/kbXoVxc0XZ

— ram (@0xRamonos) July 27, 2024

Top Whale In $MICHI, $MOTHER and Others Capitalizes On This Surge

Among the notable players capitalizing on this meteoric rise is a prominent whale known for their involvement in $MICHI, $MOTHER, and $MINI.

This investor, who initially entered $SELFIE at its lowest point, has realized a remarkable unrealized profit of $645,000, reflecting an impressive 1175% return on investment.

After investing $10,000 when $SELFIE had plunged to rock bottom, this whale had earlier committed $45,000, enduring substantial losses during the token’s 95% dip.

This absolute CHAD has unrealized PNL of $645k (+1175% ROI) after buying $10k USD at the very bottom of $SELFIE @SelfieDog_SOL after it dipped to hell (-95%), he had already put in $45k and was down bad.$SELFIE reached $45M marketcap two weeks later.

He's a whale on $MICHI… pic.twitter.com/C7OnoH0GY8

— Solsniffer (@solanasniffer) July 27, 2024

The turnaround began when $SELFIE’s market cap surged from a low of $45 million to $50 million within two weeks, signaling a strong recovery and rally. This rapid appreciation highlights the volatility and potential for significant gains within the memecoin sector.

The recent surge in $SELFIE’s price underscores the high-risk, high-reward nature of the crypto market, especially in the memecoin category. As the token continues to attract attention, both new and seasoned investors are closely monitoring its performance, hoping to capitalize on the ongoing momentum.

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

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According to the CEO of CryptoQuant, the current Bitcoin bull cycle is poised to continue until mid-2025.

Historically, Bitcoin bull markets have seen old whales taking profits, which typically shifts capital into new accumulation addresses, effectively raising the realized price of Bitcoin. This profit-taking phase, lasting about 18 months, began four months ago in the current cycle.

#Bitcoin Bull Cycle Likely Until Mid-2025

Old whales take profits during bull markets. Their selling brings new capital into accumulation addresses, raising realized prices.

Past cycles had profit realization periods of about 18 months. It started 4 months ago this time. pic.twitter.com/zkc8XxkmHi

— Ki Young Ju (@ki_young_ju) July 26, 2024

In political news, Robert F. Kennedy Jr., an independent candidate for the U.S. presidential election, has proposed an executive order to mandate the daily purchase of 550 BTC by the U.S. government, aiming to build a reserve of 4 million BTC. Additionally, there is speculation that former President Donald Trump might soon announce plans for the U.S. to acquire Bitcoin as a strategic reserve asset.

JUST IN: 🇺🇸 US Presidential candidate Robert Kennedy F. Jr. says “I understand that tomorrow President Trump may announce his plan to authorize the US government to buy a million Bitcoin as a strategic reserve asset, and I applaud that announcement.” pic.twitter.com/kQdF5u5cCZ

— Bitcoin Magazine (@BitcoinMagazine) July 26, 2024

Bitcoin ETF Recorded Notable Uptick In Inflows 

On the ETF front, Bitcoin ETFs saw a significant uptick in inflows. As of July 26, the 10 Bitcoin ETFs collectively attracted $535 million in inflows over the past week, with positive flows recorded on four out of five trading days. However, this figure excludes data from the Valkyrie Bitcoin ETF (BRRR), which has experienced zero net flows over the past four days.

🚨 US #ETF 26 JUL: 🟢$52M to $BTC and 🔴$163M to $ETH

🌟 BTC ETF UPDATE (final): +$52M

• The 10 Bitcoin ETFs saw a total inflow of $535M this week, with inflows on 4 out of 5 trading days.

• The above inflow figure does not include #Valkyrie (BRRR) data. This ETF has had $0… pic.twitter.com/ewsIejI4OJ

— Spot On Chain (@spotonchain) July 27, 2024

The combination of increased institutional interest and potential political support could further bolster Bitcoin’s market position, setting the stage for continued growth in the coming months.

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

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In 2024, Bitcoin has outperformed Ethereum in terms of market cap impact, with each dollar invested in Bitcoin boosting its market cap by $5, compared to just $1.30 for Ethereum.

This suggests that new money flows exert a stronger influence on Bitcoin than on ETH.

In 2024, every $1 invested in #Bitcoin increased its market cap by $5, while for ETH, it was only $1.3.

New money flows have a weaker effect on $ETH than Bitcoin. pic.twitter.com/CtAmmMVL8g

— CryptoQuant.com (@cryptoquant_com) July 26, 2024

Despite recent declines in ETH prices, institutional demand remains robust. Recent large transactions signal renewed whale activity in Ethereum. Two notable multi-signature addresses have made significant moves:

Despite decreasing $ETH prices, large transaction volume reached a monthly high following the ETFs release, indicating institutional demand. pic.twitter.com/AjhKuWyPnK

— IntoTheBlock (@intotheblock) July 27, 2024

1. Address 0x113…439a4 withdrew 7.96 million USDT from OKX and Binance, then acquired 2,580 ETH at an average price of $3,294, totaling approximately $8.5 million.

2. Address 0xc72…a839D pulled 20.34 million stablecoins from Aave and used 1inch to purchase 6,613 ETH at an average price of $3,278, amounting to $21.68 million.

ETH 重回 $3300📈 终于又在链上看到巨鲸大额建仓 $ETH 了！

1️⃣ 多签地址 0x113…439a4 一小时前从 OKX 和 Binance 提出 796 万枚 USDT，随后在链上以均价 $3294 建仓 2580 枚 ETH，价值 850 万美金

2️⃣ 多签地址 0xc72…a839D 三小时前从 Aave 提出 2034 万枚稳定币，随后同样使用 1inch 以均价… pic.twitter.com/0F6ND3tapo

— Ai 姨 (@ai_9684xtpa) July 27, 2024

Ethereum ETH Price Reaction And ETFs Continues Outflow Data

These purchases, totaling 9,193 ETH (about $30.18 million), have driven ETH prices up by $60 in a short period. The similarity in transaction patterns suggests these addresses may be controlled by the same entity or individual.

However, Ethereum ETFs have faced significant outflows recently. The nine ETH ETFs tracked experienced a net outflow of $342 million during the first week of trading, with Grayscale’s ETHE alone seeing a substantial outflow of $356 million.

🚨 US #ETF 26 JUL: 🟢$52M to $BTC and 🔴$163M to $ETH

🌟 BTC ETF UPDATE (final): +$52M

• The 10 Bitcoin ETFs saw a total inflow of $535M this week, with inflows on 4 out of 5 trading days.

• The above inflow figure does not include #Valkyrie (BRRR) data. This ETF has had $0… pic.twitter.com/ewsIejI4OJ

— Spot On Chain (@spotonchain) July 27, 2024

Despite these ETF outflows, the large whale transactions and institutional interest indicate that ETH remains a key area of focus for major investors.

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

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$WOJAK, a popular meme token, is seeing significant accumulation by smart money investors.

Currently, it ranks in the top three tokens being accumulated by this savvy group, signaling strong interest and confidence in its potential.

Wallet 0x0d26, known for impressive trading history with gains of 566% from $GAY, 497% from $VANKEK, and 310% from $NCAT, recently purchased 35.37 million $WOJAK, valued at $35.96K, just three hours ago.

This wallet then transferred all its $WOJAK holdings to another wallet, 0x2f2a, which now holds a total of 75.38 million $WOJAK, worth approximately $80.54K.

More Whale Wallets Continue Buying $WOJAK Memecoin In Large Quantities 

Another notable wallet, 0xd3c1, also known as Bidness.eth, bought 50 million $WOJAK, worth $52.56K, just an hour ago. Bidness.eth has a track record of significant returns, with gains of 3,761% from $LARP and 163% from $PORK. This wallet has previously made $12.96K in profits from trading $WOJAK and is now holding 50 million $WOJAK.

$WOJAK is being accumulated by Smart Money 🍷

This #meme is ranked in the top 3 in the "Accumulated by Smart Money" list. This thread will give you some notable wallets

You can detect about $WOJAK first: https://t.co/DjceSg4Qwo pic.twitter.com/Acs8cDRALZ

— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 26, 2024

The accumulation of $WOJAK by these well-known and successful wallets indicates growing confidence in the token’s future prospects. The fact that $WOJAK has attracted smart money, which includes investors with a history of high returns, suggests that the token might see substantial growth and attention in the coming days.

As the meme token market continues to evolve, $WOJAK’s rise in popularity among smart money investors positions it as a potential standout. Investors and market watchers will likely keep a close eye on $WOJAK, especially given the endorsement by these high-profile, successful traders.

For those interested in meme tokens, the strategic moves by wallets 0x0d26 and 0xd3c1 serve as a strong indicator of $WOJAK’s potential. With significant accumulation from smart money, $WOJAK could be poised for notable gains, making it a token to watch closely.

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

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The post Smart Money Accumulating $WOJAK: Meme Token Gains Popularity Among Top Traders appeared first on The Merkle News.

HashKey Capital’s address, hki.eth, recently withdrew 583,000 PENDLE tokens from Binance, amounting to a substantial $2.2 million.

This acquisition positions PENDLE as the top holding in the hki.eth address and marks it as the fourth-largest holding within HashKey Capital’s on-chain portfolio.

一小时前 HashKey Captial 地址 hki.eth 从 #Binance 提出 58.3 万枚 PENDLE，价值 220 万美金$PENDLE 目前已成为该地址持仓排名第一，HashKey Capital 链上持仓排名第四的资产🤔

早在三年前 (2021.07-2022.04) 该地址曾收到 Pendle 归属地址分发的 271 万枚代币，已于 2022.06 全部充值进交易所 pic.twitter.com/coZ1m6trZ1

— Ai 姨 (@ai_9684xtpa) July 26, 2024

HashKey’s history with PENDLE is noteworthy. Between July 2021 and April 2022, the address received 2.71 million PENDLE tokens distributed by the Pendle project. By June 2022, all these tokens were deposited back to the exchange.

HashKey Capital has a track record of buying PENDLE at low prices and selling at peaks, resulting in a remarkable profit of approximately $9.96 million from PENDLE trades.

hki.eth(#HashKey) bought 583,074 $PENDLE($2.21M) again 20 minutes ago!#HashKey is very good at buying $PENDLE at low prices and selling at highs, making a total profit of ~$9.96M on $PENDLE before!https://t.co/sZ2cKsPmUC pic.twitter.com/56wY5UtQoF

— Lookonchain (@lookonchain) July 26, 2024

Pendle Finance (Pendle_fi) is distinguished by its market characteristics, notably its fully diluted valuation (FDV) being almost equal to its market cap. This suggests that venture capital firms have minimal control over the token, offering a level of decentralization that appeals to investors.

This Year Alone, PENDLE Has Recorded Massive 7x Increase 

This year, PENDLE has seen a significant 7x increase, entering an accumulation phase that presents a prime opportunity for buying at a dip. HashKey Capital’s recent withdrawal aligns with this strategy, indicating confidence in PENDLE’s long-term potential and market stability.

@pendle_fi is one of the few projects that has almost the same FDV and market cap, meaning that VCs are out of control of the token$PENDLE has already increased by 7x this year and entered an accumulation phase, offering an excellent dip for buying

MCap: $645.4M

Price: $4.17 pic.twitter.com/QMExPhSfSe

— Finish 🏁 (@0xFinish) July 24, 2024

The strategic move by HashKey Capital underscores their adeptness at timing the market to maximize returns. As PENDLE continues to gain traction, HashKey’s investment actions will likely influence broader market sentiment, drawing attention to Pendle Finance’s unique positioning in the crypto landscape.

For investors and market watchers, HashKey Capital’s activities with PENDLE offer insights into effective market strategies and the potential for significant returns in the evolving digital asset space.

The ongoing developments with PENDLE and its market performance will be closely monitored, given its recent gains and strategic accumulation by major players like HashKey Capital.

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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The post HashKey Capital Increases PENDLE Holdings: A Strategic Move Amid Market Dynamics appeared first on The Merkle News.

Coin98 Analytics has highlighted the top 10 notable events in Q3 2024 from various popular projects. Here’s a detailed look at these exciting developments:

1. Layer3 Airdrop Eligibility @layer3xyz has introduced an eligibility checker for their upcoming L3 Token Generation Event (TGE). This could be a significant airdrop from one of the largest SocialFi projects.

2. Privasea Node Sale @Privasea_ai has recently adjusted their Node Sale schedule, moving the mint date to July 30th. This change aims to accommodate their growing community and project needs.

3. DIN Node Sale @din_lol_ announced that their Node Sale will be available starting in late July, following the release of the new version of xData. Nodes will be essential for receiving token airdrops.

4. Monad Testnet @monad_xyz has confirmed on Discord that their testnet will be launching soon, with the mainnet expected by the end of the year. Additionally, Backpack will be available for the testnet on day one.

5. Initia Mainnet @initiaFDN has kicked off “The Initiation: Part Two,” featuring four weeks of quests and collectible stickers for your dog, Jennie. The mainnet launch is imminent for the “Initiates.”

6. Thruster TGE @ThrusterFi is set to launch their TGE in Q3, according to the team. Participants can maximize their Blast Points, Gold, and Thruster Credits, with valuable rewards distributed to liquidity providers (LPs) and traders.

7. Grass TGE @getgrass_io has announced the start of Grass Summer. The current Epoch 7 will be the final epoch of Grass Closed Beta, signaling an upcoming TGE in Q3.

8. Babylon Mainnet @babylon_chain’s mainnet is expected to launch in late July or early August, introducing native Bitcoin yields.

9. Zircuit Mainnet Following a successful funding round from reputable VCs, @ZircuitL2 has stated that Mainnet Phase 1 is imminent. The migration and gas mining will soon commence.

10. Movement Incentive Testnet @movementlabsxyz’s testnet will run for eight weeks, from July 17th to September 17th. Developers will compete to earn valuable early access, honors, and rewards.

Top 10 Notable Events in Q3 2024 from Popular Projects, featuring:

1. @layer3xyz Airdrop Eligibility2. @Privasea_ai Node Sale3. @din_lol_ Node Sale4. @monad_xyz Testnet5. @initiaFDN Mainnet6. @ThrusterFi TGE7. @getgrass_io TGE8. @babylon_chain Mainnet9. @ZircuitL2… pic.twitter.com/IHowhpAAFd

— Coin98 Analytics (@Coin98Analytics) July 25, 2024

These events reflect significant progress and innovation within the blockchain and crypto space, promising exciting developments for users and investors alike.

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

Follow us on Twitter @themerklehash to stay updated with the latest Metaverse news!

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The post Top 10 Notable Events In Q3 2024 From Popular Projects appeared first on The Merkle News.

MUMU (@mumu_bull) witnessed an extraordinary breakout, experiencing a massive 130% pump in just two hours. The token’s market cap surged from $85 million to $200 million before stabilizing at $150 million.

This remarkable rally attracted significant attention from whales, who had accumulated substantial amounts of MUMU prior to the price surge.

ATH breakout with a MASSIVE wick for $MUMU @mumu_bull who just did a +130% pump in 2 hours.

From $85M MC to $2OOM, now sitting at $150M.

Many whales accumulated $MUMU before this big wick, including BHCm58VsiSq9p3hqjprLAs6wtjXjtuGnz6vj1i3Upe7X and… pic.twitter.com/VRFCVZt3C2

— Solsniffer (@solanasniffer) July 25, 2024

One notable trader, identified by the address 4Rrz…..TvnJ, sold his entire MUMU holdings four days before the pump. Although he exited with a respectable 45% return on investment (ROI), amounting to $85,000 in profits, he missed out on a potential 300% to 350% ROI if he had held on through the pump.

This $MUMU @mumu_bull trader sold all of his bag 4 days before the big pump. He got out with a +45% ROI for profits of $85,000.

He could have got a +300% to +350% ROI.

4RrzL34AuT3gBjJ3SfNrnAXdno7UcSn4TVFtzrNqTvnJ pic.twitter.com/db3kUPkHdF

— Solsniffer (@solanasniffer) July 25, 2024

A Large Trader Exchanged $2.4 Million Worth Of WIF For MUMU

In a significant move, a large investor recently exchanged $2.4 million worth of WIF for MUMU in a single transaction. This sudden swap triggered a dramatic increase in MUMU’s market cap, which briefly skyrocketed from $140 million to $820 million. Consequently, this whale has now become the fourth largest MUMU holder.

🚨JUST IN: A large investor recently exchanged $2.4 million worth of $WIF for $MUMU @mumu_bull in a single transaction. This sudden swap led to a significant increase in the market cap of MUMU, soaring from $140 million to $820 million for a brief period. As a result, the whale… pic.twitter.com/gGanrvl4th

— CoinEcho (@mycoinecho) July 25, 2024

The rapid appreciation of MUMU highlights the volatility and potential rewards in the cryptocurrency market. Such significant market moves often attract both retail and institutional investors looking to capitalize on the momentum. However, the quick entry and exit of large investors can also introduce heightened volatility and risk.

As MUMU continues to capture market interest, its future trajectory remains uncertain. Investors should remain cautious and conduct thorough research before making investment decisions. The recent events around MUMU underscore the importance of timing and strategy in the dynamic world of cryptocurrency trading.

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 MUMU Experiences Explosive Growth With Massive 130% Pump appeared first on The Merkle News.

AAVE founder Marc Zeller recently proposed a fee switch aimed at buying back Aave tokens from the secondary market.

This move follows a similar strategy seen with $UNI, which saw its price double over 11 days following a revenue share proposal, with an initial 50% surge within the first hour.

Aave’s initial reaction has been more modest, with a 10% increase in the first hour, reflecting the tougher current market conditions.

$AAVE Fee switch proposal by founder Marc Zeller for buyback of Aave tokens from secondary market. $UNI pumped over 100% over 11 days on a revenue share proposal, with the first hour impulse being 50% straight through 1.5 year range highs. Aave impulse so far is 10% in the… pic.twitter.com/KvTdFFWMwC

— Frosty (@Stayfrosty100) July 25, 2024

On-chain data from Lookonchain reveals significant movements involving a major whale. This entity withdrew 1.43 million $UNI (approximately $10.3 million) from Binance and deposited it into Aave. The whale then borrowed 5.5 million $USDC from Aave and sent it back to Binance, indicating a potential long position on $UNI.

A whale withdrew 1.43M $UNI($10.3M) from #Binance and deposited it to #Aave 20 minutes ago.

Then borrowed 5.5M $USDC from #Aave and deposited it to #Binance.

The whale may be long $UNI.https://t.co/Y1KTyPAX38 pic.twitter.com/h6HymHshuA

— Lookonchain (@lookonchain) July 25, 2024

Asides AAVE Token Transfer Movements, Whales Eye $UNI and $ENA Tokens

The whale, identified by address 0x59a, has a notable history. Once ranked fourth in Blast staking, the whale opened a significant position of 1.43 million $UNI, valued at $10.3 million, with an average cost of around $7.18 per token.

This whale also accumulated 5.33 million $ENA tokens, worth approximately $5.84 million, at an average price of $1.09 earlier this year. Despite current market conditions resulting in a floating loss of $3.53 million on $ENA, the whale’s substantial resources enable them to endure these fluctuations.

曾经 Blast 质押排名第四的巨鲸 0x59a…0705D 一小时前首次建仓 143 万枚 $UNI ，价值 1030 万美金，成本价约 $7.18

该巨鲸还曾在今年四五月时以均价 $1.09 建仓了 533 万枚 $ENA （约 584 万美金），目前已浮亏 353 万美金🥹得亏大佬钱多，还扛得住…

钱包地址 https://t.co/pmjEkhhqtk https://t.co/jXPO6pq3Sq pic.twitter.com/AzmFgAacSv

— Ai 姨 (@ai_9684xtpa) July 25, 2024

The proposal by Zeller has generated considerable interest and activity, highlighting the potential for significant market impacts from strategic financial moves.

As the crypto market continues to evolve, these high-stakes plays by major investors underscore the dynamic nature of digital asset investments and the potential for substantial returns despite inherent risks. The ongoing developments around Aave’s fee switch and the activities of major whales like 0x59a will be closely watched by market 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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The post AAVE Fee Switch Proposal Sparks Market Activity appeared first on The Merkle News.

In an unexpected surge, the $HARRIS memecoin, themed around Kamala Harris, the 49th Vice President of the United States, has skyrocketed by over 2000% in the past 24 hours.

This impressive rally has propelled its market capitalization beyond the $4 million mark.

$HARRIS, the Kamala Harris-inspired memecoin, is now listed on #LBank!

Celebrate the 49th Vice President of the USA in a fun and unique way.

Ready to join the fun?

Start trading here https://t.co/jpWG0dOHP4Learn more:https://t.co/DEXikMoPrp#LBank #LBankAngel pic.twitter.com/2sOnYoworU

— Natalia (@Nataliaaly14) July 25, 2024

$HARRIS has garnered significant attention, especially from savvy traders. One such trader, identified by the address 0xf4055, has reportedly made substantial profits from this meme-inspired cryptocurrency.

This trader’s initial investment of approximately $605.89 in 33.2 billion $HARRIS tokens quickly paid off, as the coin’s value more than doubled. Realizing a return on investment (ROI) of an astounding 4432%, the trader made $147.46K in profits.

Smart Trader 0xf4055😎has made $147.46K profits (ROI= +4432%) with $HARRIS

Do you wonder what other #Meme that smart wallet has bought recently?

Read his trading history 🧵 and T@g your #Memecoin-addicted friends 😄

powered by https://t.co/kFF8LDumzs pic.twitter.com/8R88qPETrO

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

Trader Still Shows Confidence In $HARRIES And Some Other Cryptos

Despite selling after the initial price surge, the trader continued to demonstrate confidence in $HARRIS, repurchasing the token in four separate transactions and holding onto them since then. His portfolio also includes other cryptocurrencies such as $HARPER, $TIE, $NEWTON, $LWT, and $WIN.

The recent performance of $HARRIS highlights the speculative nature and volatile appeal of memecoins within the crypto market. Adding to its legitimacy, $HARRIS has recently been listed on LBank, a well-known cryptocurrency exchange, potentially attracting even more investors and traders.

As $HARRIS continues to capture the imagination of the crypto community, its meteoric rise underscores the unpredictable and often surprising trends in the world of digital currencies. Whether this momentum will sustain or taper off remains to be seen, but for now, $HARRIS stands as a testament to the speculative fervor driving the memecoin market.

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

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The post $HARRIS Memecoin Soars Over 2000%, Market Cap Surpasses $4M appeared first on The Merkle News.

In a notable series of transactions, three wallets, potentially belonging to a single whale or institution, collectively deposited 7.57 million $FRONT tokens, valued at approximately $6.43 million, to Binance a few hours ago.

This substantial movement has sparked discussions about the potential market impact on $FRONT.

The first wallet, 0xdd15, deposited 2.64 million $FRONT worth $2.32 million. This wallet accumulated its holdings between March 14 and March 23, 2024, and is currently facing an estimated total loss of $1.87 million, equating to a 44.83% decline.

The second wallet, 0x64ec, transferred 2.49 million $FRONT valued at $2.18 million. Accumulating its position from March to April 2024, this wallet is experiencing a smaller loss of $158.35K, which represents a 7.02% decrease.

The third wallet, 0x450f, deposited 2.42 million $FRONT totaling $2.13 million. This wallet accumulated its $FRONT holdings from February to March 2024 and is currently in a profitable position with an estimated gain of approximately $300K, reflecting a 12.04% profit.

$FRONT – 3 wallets (maybe belonging to 1 whale/institution 🐳) deposited 7.57M $FRONT ~$6.43M to #Binance 1 hour ago

1. Whale 0xdd15 (https://t.co/CZ9ARrYpjw) deposited 2.64M $FRONT ($2.32M)Accumulation period: From March 14-23, 2024Estimated total loss: $1.87M (-44.83%)

2.… pic.twitter.com/iKmChKsqJ9

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

Wallets Moving $FRONT Shares Similar Patterns, Price Action To Watch 

All three wallets have deposited to the same Binance deposit address, 0x4cd, and share similar accumulation patterns from 4 to 5 months ago, indicating coordinated activity.

The recent price movement of $FRONT has been downward, with a decline of 14% over the past week and 8% in the last 24 hours. This negative trend, coupled with the significant deposits, suggests that there could be bearish sentiment among large holders. If this whale or institution decides to sell their deposited $FRONT, it could exert further downward pressure on the token’s price.

This substantial whale activity and the potential market implications highlight the importance of monitoring large transactions and understanding their impact on the cryptocurrency market. Traders and investors should stay vigilant and consider these dynamics when making decisions about $FRONT.

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

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The post Significant Whale Activity Could Signal Bearish Sentiment For $FRONT appeared first on The Merkle News.

On July 23, 2024, Base experienced an unprecedented surge in activity, cementing its position as a leader in the Layer 2 (L2) ecosystem.

The network surpassed a remarkable milestone of over 1 million active addresses, significantly outpacing its competitors Arbitrum and Optimism, which recorded 557,273 and 358,791 active addresses respectively.

Base also led in transaction volume among L2 solutions, processing $1.43 billion worth of transactions. This is slightly ahead of Arbitrum, which handled $1.34 billion, and far beyond Optimism’s $128 million. The high transaction volume on Base highlights its growing dominance and appeal to users and developers alike.

In terms of the number of transactions, Base again set the pace with nearly 4 million transactions on July 23. This figure dwarfs Arbitrum’s 2.1 million transactions and Optimism’s 520,168 transactions, underscoring the robust activity and user engagement on the Base network.

Let's explore the Ethereum L2 ecosystem and discover the significant role of Base, powered by our latest feature, AI-Insights🧵

Experience these insights firsthand here: https://t.co/7K38CErPdv pic.twitter.com/Dzfro2luOj

— IntoTheBlock (@intotheblock) July 24, 2024

Base Attracted Massive Inflows From Bug Holders, Recording Net Inflow Of 10,062 ETH

Moreover, Base attracted substantial inflows from large holders. On July 23, it saw a net inflow of 10,062.93 ETH, showcasing the confidence major investors have in the platform. In comparison, Arbitrum recorded an inflow of 6,949 ETH, while Optimism experienced a net outflow of 232.95 ETH, indicating a shift in large holder sentiment towards Base.

These metrics collectively underscore Base’s accelerating momentum and its emerging leadership position within the L2 ecosystem. The significant user adoption, transaction volume, and large holder confidence reflect Base’s potential to drive innovation and efficiency in the blockchain space.

As Base continues to expand its footprint, it is poised to play a crucial role in the future of decentralized applications and blockchain scalability.

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

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The post Base Surges Ahead In Layer 2 Ecosystem With Record-Breaking Activity appeared first on The Merkle News.

Monoswapio, a prominent staking platform, recently suffered a significant security breach, prompting immediate warnings to users to refrain from staking or adding additional funds.

The platform has advised users with any staked positions to withdraw their assets immediately to prevent potential losses.

The breach occurred when one of Monoswapio’s developers inadvertently installed a phishing application while joining a call with individuals posing as venture capitalists.

This malicious app enabled the attackers to install a botnet on the developer’s office PC, granting them access to all MonoSwap-related wallets and contracts. Consequently, the hackers withdrew a substantial portion of the staked liquidity positions, causing considerable damage to the protocol.

🚨 ALERT: MonoSwap has been hacked. DO NOT add liquidity or stake in our farming pools at the moment.

If you have any staked positions, please withdraw immediately to avoid funds loss.

Yesterday, one of our developers installed a phishing app to join a call with scammers who…

— MonoSwap (@monoswapio) July 24, 2024

Monoswapio Team Responds Quickly To Speculations Following The Hack

In response to the attack, the Monoswapio team is actively investigating the incident while collaborating with venture capitalists to fortify the platform’s future security. To prevent further exploits, the team is rapidly deploying new contracts for all platform features.

As a precautionary measure, all deposit methods, including MonoChest, Lottery, Farm, and Dividends, have been temporarily disabled. However, users can still unstake xMONO and MonoPass as usual. Additionally, MONO tokens can be redeemed for xMONO at any time.

At the moment, we are deploying new contracts for all features immediately to avoid further attacks from the hackers.

All deposit methods, including MonoChest, Lottery, Farm, Dividends were disabled.

Users can unstake xMONO and MonoPass as usual. MONO can be redeemed for xMONO…

— MonoSwap (@monoswapio) July 25, 2024

To ensure user assets are protected, new contracts for MONO, xMONO, and MonoPass will be established, with a snapshot taken to redistribute the new assets to users once ready.

Despite the breach, the MUSD token remains operational due to its secure mechanism, which only includes mint and redeem functions. The collateral backing MUSD is safe in all scenarios.

The Monoswapio team is committed to addressing the breach and enhancing the platform’s security to prevent future incidents, urging users to remain vigilant and prioritize their asset safety during this period.

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

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The post Monoswapio Hack: Users Urged To Withdraw Funds Amid Security Breach appeared first on The Merkle News.

A wallet associated with Polychain Capital recently made a notable deposit of 1.71 million PENDLE tokens (valued at $6.97 million) to Binance, occurring nine hours ago.

This movement follows an earlier withdrawal of the same amount from Binance, valued at $11.4 million, between April 6 and April 22. Should the tokens be sold at the current value, Polychain Capital stands to incur a significant loss of approximately $4.4 million.

A wallet related to Polychain Capital deposited 1.71M $PENDLE($6.97M) to #Binance 9 hours ago.

The wallet withdrew 1.71M $PENDLE($11.4M) from #Binance at $6.67 between Apr 6 and Apr 22.

He would lose ~$4.4M if sold.

Address:0xe6757328394817D4F4a23D6f9ba7817d493D953d pic.twitter.com/qL7gR5ulOA

— Lookonchain (@lookonchain) July 24, 2024

In a related incident, Scam Sniffer reported that an individual lost $4.69 million worth of Pendle re-staking tokens due to a phishing attack. The victim fell prey to multiple Permit phishing signatures, highlighting the ongoing risks in the DeFi space.

🚨 1 hour ago, someone lost $4.69 million of Pendle re-staking tokens.

The victim signed multiple Permit phishing signatures. Stay alert! 🎣🔐 pic.twitter.com/NUnmTqQzO1

— Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) July 24, 2024

Pendle, known for its focus on yield trading within decentralized finance (DeFi), allows users to fix or leverage their yields.

Impressive PENDLE Growth Data For The Protocol 

This protocol has shown impressive growth and strong metrics:

– Cumulative yield trading volume has reached $24 billion. – The total value locked (TVL) in Pendle grew by over $500 million in just two weeks, rising from $3.35 billion to $3.85 billion. – Trading volume nearly tripled within a week, jumping from $30 million to $84 million. – 35.5% of circulating PENDLE tokens are locked as vePENDLE. – The protocol generates $18.58 million in annual fees.

$PENDLE bull thesis -> Why $PENDLE is going beyond $20 this cycle—————–

Metrics

🔹$24B Cumulative yield trading volume

🔹Grew TVL by > $500m in two weeks from $3.35B to $3.85B

🔹 Nearly tripled trading vol from $30m to $84m in a week

🔹35.5% of circulating…

— Defi_Mochi (@defi_mochi) July 22, 2024

These metrics underscore Pendle’s rapid expansion and significant role in the DeFi landscape. The protocol’s ability to attract substantial trading volumes and lock a significant portion of its tokens reflects its strong user base and the trust it has garnered in the community.

Despite the unfortunate security breach affecting an individual investor, Pendle continues to demonstrate resilience and growth. The recent movements by Polychain Capital, coupled with the protocol’s impressive metrics, highlight the dynamic and sometimes volatile nature of the DeFi ecosystem.

As Pendle and other DeFi protocols evolve, maintaining robust security measures and staying vigilant against phishing attacks remain paramount 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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The post Polychain Capital’s Significant PENDLE Movement Amid Market Activity appeared first on The Merkle News.

Bitcoin prices have rebounded strongly, soaring above $68,000 and sparking a surge in perpetual futures activity.

This significant appreciation in price has provided much-needed relief for the Short-Term Holder cohort, with 75% of their coins now held in profit.

#Bitcoin prices have rebounded strongly, rallying over $68k and catalyzing an uptick in perpetual futures activity.

The appreciation in price has also provided much-needed relief for the Short-Term Holder cohort, with 75% of their coins now held in profit.

Discover more in the… pic.twitter.com/NGVq0Cw72E

— glassnode (@glassnode) July 24, 2024

The Bitcoin network hashrate has also been on the rise, recovering alongside the price increase. The drawdown is now 5%, compared to almost 9% just a few weeks ago, indicating a strengthening network.

#Bitcoin network hashrate has been recovering lately along with the price increase.

The drawdown is now 5% compared to almost 9% a few weeks ago. pic.twitter.com/7q0G58ljwk

— Julio Moreno (@jjcmoreno) July 23, 2024

In other notable developments, Mt. Gox has been moving substantial amounts of Bitcoin. Today, Mt. Gox transferred 32,371 BTC, valued at $2.13 billion, to the new wallet “12Gws9Es”.

A few hours later, another 2,237 BTC, worth $147 million, was moved to Bitstamp. Since July 5, 2024, Mt. Gox has transferred a total of 61,559 BTC, approximately $3.88 billion, to exchanges like Bitstamp, SBIVC, and Kraken at an average price of $63,079.

Detailed Breakdown Of BTC Transfers And ETF Net Inflow Data

The breakdown of these transfers includes:

Mt. Gox moved 32,371 $BTC ($2.13B) to the new wallet “12Gws9Es” ~40 minutes ago.

Currently, Mt. Gox still holds 101,503 $BTC ($6.68B), including 48,641 $BTC ($3.2B) left untouched in the new wallet "3JQie", likely a #Kraken deposit.

Follow @spotonchain for more updates on… https://t.co/myHj2KxN2t pic.twitter.com/znG0gtezXX

— Spot On Chain (@spotonchain) July 24, 2024

– 2,702 BTC ($146 million) deposited to Bitstamp and SBIVC on July 5 – 48,641 BTC ($3.06 billion) moved to wallet “3JQie”, possibly a Kraken deposit, on July 16 – 5,110 BTC ($340 million) deposited to Bitstamp on July 23 – 5,106 BTC ($336 million) deposited to Bitstamp today, July 24.

We have missed some transactions from Mt. Gox, below is the more accurate number:

Since July 5, 2024, Mt. Gox has transferred out a total of 61,559 $BTC ($3.88B) to #Bitstamp, #SBIVC and #Kraken at ~$63,079:

➡️ Deposited 2,702 $BTC ($146M) to #Bitstamp and #SBIVC on Jul 5;

➡️…

— Spot On Chain (@spotonchain) July 24, 2024

On the ETF front, there has been a notable movement as well. The US ETF reported a net outflow of $78 million to Bitcoin on July 23, marking the first negative net flow in the past 13 trading days. Despite this, BlackRock’s (IBIT) ETF recorded an inflow yesterday, showing continued investor interest.

🚨 US #ETF 23 JUL: -$78M to $BTC and +$107M to $ETH

🌟 BTC ETF UPDATE (final): -$78M

• This is the first negative net flow in the past 13 trading days.

• Only #BlackRock (IBIT) had an inflow yesterday.

🌟 ETH ETF UPDATE (final): +$107M

• Around 5.3% of the $ETH held by… pic.twitter.com/5Nej6QweLj

— Spot On Chain (@spotonchain) July 24, 2024

This series of events highlights the dynamic and often unpredictable nature of the cryptocurrency market, with Bitcoin’s recent price surge bringing renewed optimism and activity among traders and holders alike. As the network strengthens and institutional interest remains high, Bitcoin continues to prove its resilience and potential for growth.

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

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The post Bitcoin Surges Past $68K, Boosting Perpetual Futures Activity And Holder Profits appeared first on The Merkle News.

The release of nine new Ethereum spot ETFs has significantly influenced whale activity in the cryptocurrency market.

🐳 Whale activity is clearly being impacted by the release of Ethereum's 9 new spot ETF's. Since July 17th, the amount of ETH transfers exceeding $100K in value is +64% higher than the amount of BTC transfers, and +126% than the amount of USDT (on ETH) transfers. 🤯 pic.twitter.com/SnLem6ko5G

— Santiment (@santimentfeed) July 23, 2024

Since July 17, the number of Ethereum (ETH) transfers exceeding $100,000 has surged by 64% compared to Bitcoin (BTC) transfers and by 126% compared to USDT transfers on the Ethereum network.

🐳 Whale activity is clearly being impacted by the release of Ethereum's 9 new spot ETF's. Since July 17th, the amount of ETH transfers exceeding $100K in value is +64% higher than the amount of BTC transfers, and +126% than the amount of USDT (on ETH) transfers. 🤯 pic.twitter.com/SnLem6ko5G

— Santiment (@santimentfeed) July 23, 2024

Despite a recent dip in ETH prices, large holders have been on a buying spree, accumulating 112,900 ETH valued at nearly $390 million. This accumulation far exceeds the $106 million net inflows into the newly launched ETFs.

Despite a drop in $ETH prices yesterday, large holders accumulated 112.9k ETH, valued at nearly $390 million.

This accumulation notably surpasses the $106 million net inflows to the ETF. pic.twitter.com/b22FMWogHa

— IntoTheBlock (@intotheblock) July 24, 2024

On the first day of trading, Ethereum ETFs saw significant activity. In the first 30 minutes alone, $59 million worth of ETH ETFs were traded, compared to $183 million for BTC ETFs, resulting in a trading ratio of 32%.

🚨JUST IN: In the first 30 minutes of trading, $59 million worth of $ETH #ETFs were traded, compared to $183 million for $BTC. This represents a ratio of 32%. – @MATTHEW_SIGEL#Ethereum . #BTC

— CoinEcho (@mycoinecho) July 23, 2024

BlackRock’s spot Ethereum ETF, symbolized as ETHA, recorded a substantial inflow of $266.5 million on its first trading day. In contrast, Grayscale’s Ethereum ETF, ETHE, experienced an outflow of $484.1 million on the same day.

‼️ BREAKING: On the first day of trading, #Grayscale @Grayscale #Ethereum [#ETH] #ETF, symbolized as $ETHE [#ETHE], witnessed an outflow of $484.1 million. pic.twitter.com/SCmfrQTtEr

— CoinEcho (@mycoinecho) July 24, 2024

Significant Net Flow Of $107 Million Into Ethereum ETFs 

The final update for July 23 indicates a net inflow of $107 million into Ethereum ETFs. Notably, about 5.3% of the ETH held by Grayscale’s ETHE left the fund on the first trading day. Meanwhile, BlackRock’s ETHA and Bitwise’s ETHW ETFs saw robust inflows, each exceeding $200 million.

🚨 US #ETF 23 JUL: -$78M to $BTC and +$107M to $ETH

🌟 BTC ETF UPDATE (final): -$78M

• This is the first negative net flow in the past 13 trading days.

• Only #BlackRock (IBIT) had an inflow yesterday.

🌟 ETH ETF UPDATE (final): +$107M

• Around 5.3% of the $ETH held by… pic.twitter.com/5Nej6QweLj

— Spot On Chain (@spotonchain) July 24, 2024

These developments highlight the growing interest and investment in Ethereum despite market fluctuations. The significant whale activity and the strong performance of Ethereum ETFs underscore the cryptocurrency’s resilience and the market’s confidence in its long-term value. As Ethereum continues to attract substantial investments, its influence in the crypto ecosystem remains formidable.

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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The post Whale Activity Surges Amid Ethereum’s New Spot ETFs Launch appeared first on The Merkle News.

According to recent on-chain reports, a notable transaction has been observed involving the address 0xaa5…583BC. This address deposited 3 million OM coins into Binance.

These tokens, accumulated over the past five months at an average price of $0.40, now hold a value of approximately $3.78 million at the transfer price of $1.26 per coin.

If all tokens are sold at this price, the estimated profit stands at $2.57 million, reflecting an impressive return rate of 214%. The price of OM has surged by nearly 92% over the past month, showcasing significant market momentum.

三小时前，地址 0xaa5…583BC 将过去五个月以均价 $0.4 建仓的 300 万枚 $OM 充值进了 #Binance，价值 378 万美金

转出价格为 $1.26，若全部卖出预计获利 257 万美金，回报率达 214%🤑 $OM 近一个月币价已暴涨近 92%📈

钱包地址 https://t.co/EW40o5kIkj pic.twitter.com/jVnNDsVH0A

— Ai 姨 (@ai_9684xtpa) July 24, 2024

In parallel to this trading activity, the MANTRA community has been demonstrating strong support for the project’s mission to bring finance on-chain. A staggering 267 million OM tokens are currently staked on the MANTRA platform.

267 Million OM Represents 32% Of Total Circulating Supply 

This represents approximately 32% of the total circulating supply of OM, indicating robust participation and commitment from the community to bolster MANTRA’s financial ecosystem.

🔥 267,000,000 $OM staked on #MANTRA!

That's ~32% of the OM circulating supply, now staked by our community to strengthen MANTRA’s mission— Bringing Finance Onchain

👀 Get up to a 1.35x multiplier on your staked OM — based on staking time and amount of staked OM:… pic.twitter.com/rtPpQm2FfA

— MANTRA – Tokenizing RWAs (@MANTRA_Chain) July 24, 2024

The dual trends of substantial trading profits and increased staking activity highlight the dynamic nature of the OM token’s market performance. The significant price appreciation and high staking rates suggest a strong belief in the long-term potential and value proposition of the MANTRA platform. As the community continues to stake a considerable portion of the circulating supply, the network’s stability and resilience are likely to be reinforced, further driving confidence among investors and stakeholders.

Overall, these developments underscore a vibrant period for the OM token and the MANTRA ecosystem, characterized by impressive financial gains and a dedicated community effort to strengthen the platform’s on-chain financial solutions.

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

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The post Significant Profit Realized From OM Token Sales Amid Staking Surge On MANTRA appeared first on The Merkle News.

The TRON Network has significantly outperformed Ethereum in transaction volume, recording a 3.3-fold increase compared to its rival.

The total number of transactions on #TronNetwork has exceeded 8.1B and the total number of transactions on #Ethereum has exceeded 2.45B. pic.twitter.com/DKY3AXbeTZ

— Lookonchain (@lookonchain) July 24, 2024

The total number of transactions on TRON has reached a staggering 8.1 billion, while Ethereum has surpassed 2.45 billion transactions. This milestone highlights TRON’s rapid growth and increasing adoption in the blockchain space.

Just In:📢 The total transaction volume of #TronNetwork rose 3.3 times of #Ethereum.

The total number of transactions on #TRON hits 8.1B and the total number of transactions on Ethereum exceeded 2.45B. 🔥#CryptoNews pic.twitter.com/1FXocaKdis

— Coinpedia Markets (@MarketCoinpedia) July 24, 2024

In terms of user base, TRON continues to expand at an impressive rate. The network’s total number of accounts has now exceeded 246 million, with the current count standing at 246,009,459. This growth underscores TRON’s appeal to a broad audience, further solidifying its position in the market.

🎉🎉🎉Congratulations!!! #TRON’s total accounts have reached 246,009,459, exceeding 246 million! #TRON ecosystem has developed rapidly and continues to make efforts to decentralize the web.

🥰Appreciation to all #TRONICS! pic.twitter.com/wHdh91R8ZD

— TRONSCAN (@TRONSCAN_ORG) July 24, 2024

The TRON ecosystem has not only grown in size but also in functionality and decentralization. The network remains committed to decentralizing the web, a vision that is increasingly becoming a reality through various initiatives and developments within the TRON ecosystem.

Tron Burnt 10M TRX Tokens 

On July 23rd, TRON took a significant step to bolster its economic model by burning 10,104,229 TRX tokens. This move is part of TRON’s ongoing commitment to deflation and value growth. The burn resulted in a net negative production ratio of -5,037,366, demonstrating the network’s dedication to reducing the total supply of TRX and potentially increasing its value over time.

#TRON just burned 10,104,229 #TRX on July 23rd 🔥 showcasing a commitment to deflation & value growth 🚀 With a net negative production ratio of -5,037,366 🤯 pic.twitter.com/cxoWTdcJBK

— TRON Community (@TronixTrx) July 24, 2024

TRON’s rapid development and proactive measures to enhance its ecosystem and economic model position it as a formidable player in the blockchain industry. The network’s ability to handle a higher volume of transactions compared to Ethereum, coupled with its large user base and commitment to decentralization, underscores its potential for continued growth and influence in the crypto space.

As TRON continues to evolve, its focus on deflationary practices and user growth suggests a promising future for the network and its community.

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

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The post TRON Network Outpaces Ethereum With Surging Transaction Volume appeared first on The Merkle News.

The Solana ecosystem has witnessed a remarkable surge in activity over the past 24 hours, with over 1.3 million active wallet interactions recorded.

This represents a 36% increase in wallet interactions, highlighting the growing engagement within the Solana network. Additionally, 352,000 new wallets have been added in the last seven days, further indicating the ecosystem’s rapid expansion.

🚨 REPORT: Solana Ecosystem Sees Major Growth

In the past 24 hours, the @Solana ecosystem has seen a surge in activity, with over 1.3 million active wallet interactions.

➤ 36% Increase in wallet interactions. ➤ 352,000 New Wallets added in the last 7 days pic.twitter.com/uZiOU1bzsD

— SolanaFloor (@SolanaFloor) July 23, 2024

In the NFT sector, Solana continues to outperform all other chains combined in trading royalties. With a market dominance of 60%, Solana has solidified its position as a leader in the NFT space. This dominance underscores the platform’s robust infrastructure and its ability to attract NFT creators and traders alike.

🚨 BREAKING: @solana continues to outperform all other chains combined in trading royalties (from NFTs).

Market Dominance: 60% pic.twitter.com/fvDG5xmSv2

— SolanaFloor (@SolanaFloor) July 23, 2024

Over the past week, more than $60 million has been bridged from other chains to Solana, facilitated by platforms such as deBridgeFinance and Wormhole. This influx of funds highlights the increasing confidence in Solana’s ecosystem and its growing interoperability with other blockchain networks.

🚨 REPORT: Over $60 million has been bridged from other chains to @solana in the past week, facilitated by @deBridgeFinance and @wormhole. pic.twitter.com/UMIyweg9ak

— SolanaFloor (@SolanaFloor) July 22, 2024

Solana Leads The Pack With Highest Increase In Number Of New Monthly DeFi Users

According to Coin98Analytics, Solana is leading the pack with the highest increase in the number of new monthly DeFi users, surpassing Bitcoin, Tron, and EVM chains. This growth reflects Solana’s expanding influence in the decentralized finance (DeFi) space and its appeal to new users seeking efficient and scalable blockchain solutions.

Solana is leading the pack with the highest increases in number of new monthly DeFi users, surpassing Bitcoin, Tron, and EVM chains pic.twitter.com/7ffxSqV8no

— Coin98 Analytics (@Coin98Analytics) July 22, 2024

Overall, Solana’s recent growth in wallet interactions, NFT trading royalties, and new DeFi users signals a robust and thriving ecosystem. As more users and assets continue to flow into the network, Solana is well-positioned to maintain its upward trajectory and solidify its status as a leading blockchain platform.

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