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Worldcoin begins unlocking 1.35 billion WLD tokens, with daily releases affecting market dynamics amid price resistance.
Worldcoin has seen a notable price movement recently, surpassing expectations after a period of inactivity. On July 24, a significant milestone was reached as the network began unlocking tokens for the Tools for Humanity (TFH) team. This event marks the start of daily token releases, with 2 million WLD tokens, valued at over $4 million, being unlocked each day. This process will continue until the entire allocation is released by July 2028.
This gradual release is part of a broader token distribution strategy that also includes allocations for early investors and TFH team members. The ongoing community unlock, which started last year with 12.5 million WLD tokens, is set to continue until 2026. During this period, 3.20 million WLD tokens worth approximately $6.92 million will be unlocked daily.
Despite the influx of new tokens into circulation, Worldcoin's price has struggled to break above a critical downtrend line that has capped its price for nearly three months. Currently, Worldcoin is trading at $2.16, having failed to surpass the $3.00 resistance level. This downtrend line, which has been a significant barrier since May, coincides with the $3.00 resistance.
A successful breakout above this level could potentially lead to a rise to $3.50, which is a crucial threshold for Worldcoin's further appreciation. However, the altcoin faces the possibility of consolidating between $3.00 and $4.50, the next major resistance level. Failure to break through this range could result in prolonged consolidation for Worldcoin. $CTXC
$IRIS $WLD
Worldcoin has seen a notable price movement recently, surpassing expectations after a period of inactivity. On July 24, a significant milestone was reached as the network began unlocking tokens for the Tools for Humanity (TFH) team. This event marks the start of daily token releases, with 2 million WLD tokens, valued at over $4 million, being unlocked each day. This process will continue until the entire allocation is released by July 2028.
This gradual release is part of a broader token distribution strategy that also includes allocations for early investors and TFH team members. The ongoing community unlock, which started last year with 12.5 million WLD tokens, is set to continue until 2026. During this period, 3.20 million WLD tokens worth approximately $6.92 million will be unlocked daily.
Despite the influx of new tokens into circulation, Worldcoin's price has struggled to break above a critical downtrend line that has capped its price for nearly three months. Currently, Worldcoin is trading at $2.16, having failed to surpass the $3.00 resistance level. This downtrend line, which has been a significant barrier since May, coincides with the $3.00 resistance.
A successful breakout above this level could potentially lead to a rise to $3.50, which is a crucial threshold for Worldcoin's further appreciation. However, the altcoin faces the possibility of consolidating between $3.00 and $4.50, the next major resistance level. Failure to break through this range could result in prolonged consolidation for Worldcoin. $CTXC
$IRIS $WLD
BlackRock embraces crypto ETFs, driven by client demand and Larry Fink's view of Bitcoin as 'digital gold.
BlackRock's entry into the cryptocurrency ETF market was driven by client demand, according to Robert Mitchnik, the company's head of digital assets. Speaking at the Bitcoin2024 event in Nashville, Mitchnik explained that while bitcoin ETFs are still in their early stages, there has been significant interest from clients. This demand prompted BlackRock to develop products that cater to these interests.
Interestingly, BlackRock CEO Larry Fink, once skeptical of cryptocurrencies, now describes bitcoin as "digital gold." This shift in perspective, as reported by Cryptopolitan, came after Fink conducted a thorough study of the cryptocurrency market. He now views bitcoin as a valuable asset, particularly for countries facing economic challenges.
Mitchnik emphasized that robust institutional infrastructure and growing client interest were crucial in BlackRock's decision to launch bitcoin ETFs. James Seyffarth from Bloomberg noted the success of some bitcoin ETFs, particularly the iShares Bitcoin Trust (IBIT), which has significantly increased BlackRock's revenue, becoming their second most successful product after the S&P 500 ETF.
Despite the rapid uptake among individual investors, major financial institutions like Morgan Stanley, UBS, and Merrill Lynch have been slower to embrace bitcoin ETFs. However, Mitchnik expects this to change, with increasing adoption anticipated this year. He noted that BlackRock's registered independent advisors are beginning to allocate around 2-3% of their funds to bitcoin ETFs, indicating cautious but growing interest.
While bitcoin remains the dominant cryptocurrency in these ETFs, there is also some interest in Ethereum. However, Mitchnik does not foresee a significant expansion of cryptocurrency ETFs beyond these two assets in the near future. Despite the lack of full regulatory clarity, Bitcoin and Ethereum have established a strong presence in the financial system. $BTC $ETH $SOL
BlackRock's entry into the cryptocurrency ETF market was driven by client demand, according to Robert Mitchnik, the company's head of digital assets. Speaking at the Bitcoin2024 event in Nashville, Mitchnik explained that while bitcoin ETFs are still in their early stages, there has been significant interest from clients. This demand prompted BlackRock to develop products that cater to these interests.
Interestingly, BlackRock CEO Larry Fink, once skeptical of cryptocurrencies, now describes bitcoin as "digital gold." This shift in perspective, as reported by Cryptopolitan, came after Fink conducted a thorough study of the cryptocurrency market. He now views bitcoin as a valuable asset, particularly for countries facing economic challenges.
Mitchnik emphasized that robust institutional infrastructure and growing client interest were crucial in BlackRock's decision to launch bitcoin ETFs. James Seyffarth from Bloomberg noted the success of some bitcoin ETFs, particularly the iShares Bitcoin Trust (IBIT), which has significantly increased BlackRock's revenue, becoming their second most successful product after the S&P 500 ETF.
Despite the rapid uptake among individual investors, major financial institutions like Morgan Stanley, UBS, and Merrill Lynch have been slower to embrace bitcoin ETFs. However, Mitchnik expects this to change, with increasing adoption anticipated this year. He noted that BlackRock's registered independent advisors are beginning to allocate around 2-3% of their funds to bitcoin ETFs, indicating cautious but growing interest.
While bitcoin remains the dominant cryptocurrency in these ETFs, there is also some interest in Ethereum. However, Mitchnik does not foresee a significant expansion of cryptocurrency ETFs beyond these two assets in the near future. Despite the lack of full regulatory clarity, Bitcoin and Ethereum have established a strong presence in the financial system. $BTC $ETH $SOL
there is political issue in my country , there is no internet for few days, maybe this week all problem will be solved.
i will post again like i did before.
i will post again like i did before.
Mantra (OM) Reaches New All-Time High Amidst Market Surge.
Mantra (OM) soared to a new all-time high earlier today, driven by a surge in market activity and investor interest. The cryptocurrency briefly touched $1.32 at approximately 01:15 UTC before experiencing a slight correction. Despite this, OM remains up by 21% over the past 24 hours, currently trading at $1.28.
Over the past week, Mantra has demonstrated impressive performance, recording a 39% increase, leading the growth among the top 100 cryptocurrencies. The token's market capitalization has surpassed $1 billion, positioning it as the 69th largest digital asset. Additionally, OM's daily trading volume saw a significant rise of 266%, reaching $80 million.
Data from Santiment reveals a notable increase in the number of active Mantra addresses, which jumped by 98% in the last 24 hours from 157 to 310. This suggests that many OM holders are capitalizing on short-term profits while the token continues to exhibit strong growth.
The market intelligence platform also reports that Mantra's total open interest climbed from $36.7 million to $45.3 million within the last day. Such a spike in open interest often precedes high price volatility due to increased liquidations.
The overall funding rate for OM, as aggregated by Santiment, is currently at a negative 0.007%. This indicates a predominance of short position holders over long position holders, with traders anticipating a pullback. Further price increases could potentially trigger at least $1.5 million in liquidations.
Moreover, Mantra's Relative Strength Index (RSI) stands at 77, suggesting that the token is overbought at its current price level. A drop in the RSI below the 50 mark would signal a return to the growth zone for OM. $OM
Mantra (OM) soared to a new all-time high earlier today, driven by a surge in market activity and investor interest. The cryptocurrency briefly touched $1.32 at approximately 01:15 UTC before experiencing a slight correction. Despite this, OM remains up by 21% over the past 24 hours, currently trading at $1.28.
Over the past week, Mantra has demonstrated impressive performance, recording a 39% increase, leading the growth among the top 100 cryptocurrencies. The token's market capitalization has surpassed $1 billion, positioning it as the 69th largest digital asset. Additionally, OM's daily trading volume saw a significant rise of 266%, reaching $80 million.
Data from Santiment reveals a notable increase in the number of active Mantra addresses, which jumped by 98% in the last 24 hours from 157 to 310. This suggests that many OM holders are capitalizing on short-term profits while the token continues to exhibit strong growth.
The market intelligence platform also reports that Mantra's total open interest climbed from $36.7 million to $45.3 million within the last day. Such a spike in open interest often precedes high price volatility due to increased liquidations.
The overall funding rate for OM, as aggregated by Santiment, is currently at a negative 0.007%. This indicates a predominance of short position holders over long position holders, with traders anticipating a pullback. Further price increases could potentially trigger at least $1.5 million in liquidations.
Moreover, Mantra's Relative Strength Index (RSI) stands at 77, suggesting that the token is overbought at its current price level. A drop in the RSI below the 50 mark would signal a return to the growth zone for OM. $OM
MicroStrategy's founder, Michael Saylor, recently highlighted the remarkable growth of the company's stock price over the past four years, drawing a comparison with Nvidia's performance. Saylor attributed MicroStrategy's success to its strategic focus on Bitcoin.
Since August 10, 2020, when MicroStrategy began investing in Bitcoin, the company's shares have surged by an impressive 1203%. In contrast, Nvidia's securities have seen a substantial yet lesser increase of 1050% over the same period.
Saylor emphasized that MicroStrategy's significant gains are primarily due to its Bitcoin investment strategy. As the largest corporate holder of Bitcoin, MicroStrategy currently controls 226,331 BTC, boasting an unrealized profit exceeding $14 billion.
In 2024 alone, MicroStrategy's (MSTR) shares have soared over 250%. Meanwhile, Nvidia's growth has been notable, though not as pronounced, with a 175% increase. Despite this, Nvidia achieved the distinction of becoming the world's most valuable company, with its market capitalization reaching an astonishing $3.33 trillion.$BTC $ETH $XRP
Since August 10, 2020, when MicroStrategy began investing in Bitcoin, the company's shares have surged by an impressive 1203%. In contrast, Nvidia's securities have seen a substantial yet lesser increase of 1050% over the same period.
Saylor emphasized that MicroStrategy's significant gains are primarily due to its Bitcoin investment strategy. As the largest corporate holder of Bitcoin, MicroStrategy currently controls 226,331 BTC, boasting an unrealized profit exceeding $14 billion.
In 2024 alone, MicroStrategy's (MSTR) shares have soared over 250%. Meanwhile, Nvidia's growth has been notable, though not as pronounced, with a 175% increase. Despite this, Nvidia achieved the distinction of becoming the world's most valuable company, with its market capitalization reaching an astonishing $3.33 trillion.$BTC $ETH $XRP
Today, 44,000 BTC (approximately $2.8 billion) were transferred from Mt. Gox wallets to Bitbank and an unidentified address. This transaction occurred as Bitcoin's price dipped below $63,000. Experts speculate this transfer might serve as a preliminary step before larger debt repayments. Mt. Gox initiated its repayment process on July 5, channeling funds through Kraken, Bitstamp, SBI, Bitbank, and BitGo. The Mt. Gox wallet still retains more than 138,900 BTC (worth around $8.8 billion).
$BTC $PEPE $WIF
$BTC $PEPE $WIF
China May Reconsider Bitcoin Ban: A Potential Policy Shift Could Impact Global Crypto Market.
China may be on the brink of a significant policy shift regarding cryptocurrency, with rumors suggesting a potential easing of its Bitcoin ban by late 2024. This move could mark a dramatic change from China's historically stringent stance on digital currencies.
China's regulatory journey began in 2013 with a ban on financial institutions conducting Bitcoin transactions, which set the tone for a series of restrictions aimed at controlling the growth of the cryptocurrency market within the country. By 2017, China had banned initial coin offerings (ICOs) and shut down domestic cryptocurrency exchanges. The crackdown intensified in 2021 with prohibitions on cryptocurrency mining and all crypto-related transactions.
Despite these stringent measures, demand for cryptocurrencies in China has remained robust. Many Chinese users have resorted to using overseas exchanges and underground markets to continue their crypto activities. If the ban is lifted, China’s re-entry into the global cryptocurrency market could have substantial implications. As one of the world's largest economies, China's participation could significantly boost trading volumes and drive up digital currency prices.
Moreover, lifting the ban could unleash a wave of innovation in the cryptocurrency sector. Given China’s technological capabilities, the country could contribute to the development of new blockchain applications, potentially setting new industry standards.
However, while the prospect of China easing its cryptocurrency ban is still speculative, the potential impact on the global market could be profound. Increased trading activity and innovation are likely benefits, but the move also brings the risk of heightened regulation, which could pose challenges for the broader crypto ecosystem.
The global cryptocurrency community will be watching closely to see if these rumors materialize and what the subsequent regulatory landscape will look like. $BTC $DAR $ALICE
China may be on the brink of a significant policy shift regarding cryptocurrency, with rumors suggesting a potential easing of its Bitcoin ban by late 2024. This move could mark a dramatic change from China's historically stringent stance on digital currencies.
China's regulatory journey began in 2013 with a ban on financial institutions conducting Bitcoin transactions, which set the tone for a series of restrictions aimed at controlling the growth of the cryptocurrency market within the country. By 2017, China had banned initial coin offerings (ICOs) and shut down domestic cryptocurrency exchanges. The crackdown intensified in 2021 with prohibitions on cryptocurrency mining and all crypto-related transactions.
Despite these stringent measures, demand for cryptocurrencies in China has remained robust. Many Chinese users have resorted to using overseas exchanges and underground markets to continue their crypto activities. If the ban is lifted, China’s re-entry into the global cryptocurrency market could have substantial implications. As one of the world's largest economies, China's participation could significantly boost trading volumes and drive up digital currency prices.
Moreover, lifting the ban could unleash a wave of innovation in the cryptocurrency sector. Given China’s technological capabilities, the country could contribute to the development of new blockchain applications, potentially setting new industry standards.
However, while the prospect of China easing its cryptocurrency ban is still speculative, the potential impact on the global market could be profound. Increased trading activity and innovation are likely benefits, but the move also brings the risk of heightened regulation, which could pose challenges for the broader crypto ecosystem.
The global cryptocurrency community will be watching closely to see if these rumors materialize and what the subsequent regulatory landscape will look like. $BTC $DAR $ALICE
Following a recent court ruling in Illinois, US, that classified Bitcoin and Ethereum as commodities, stakeholders in Nigeria are urging the country's Securities and Exchange Commission (SEC) to adopt a similar stance. This move is driven by the need for clarity and proper categorization as cryptocurrencies become more integral to the global financial landscape.
Lucky Uwakwe, Chairman of the Blockchain Industry Coordinating Committee of Nigeria (BICCoN), emphasized the importance of clear guidelines. He suggested that the Nigerian SEC should define asset classes for cryptocurrencies and explain their classifications as either securities or commodities, which would help creators understand the regulatory requirements.
In Nigeria, digital commodities have not received as much attention as physical commodities, which the Commodity Board has traditionally focused on. However, several government agencies, including the Central Bank of Nigeria (CBN), the SEC, the Federal Inland Revenue Service (FIRS), and the National Security Adviser (NSA), have shown interest in the regulatory aspects of cryptocurrencies.
Oladotun Wilfred Akangbe, Chief Marketing Officer of Flincap, highlighted the multifaceted nature of cryptocurrencies like Bitcoin and Ethereum, noting their significant value as assets.
He argued that the SEC should focus on their use as fundraising tools, such as in initial coin offerings (ICOs). Local crypto analyst Rume Ofi also pointed out that each cryptocurrency is unique and should be individually assessed to determine its classification as a security or commodity.
By classifying Bitcoin and Ethereum as commodities, the Nigerian SEC could provide much-needed clarity and stability to the market, fostering innovation while ensuring regulatory compliance. $BTC $ETH $ICP
#SEC败诉 #ETH_ETFs_Approval_Predictions #NigeriaCrypto #Nigeria's #BTC☀
Lucky Uwakwe, Chairman of the Blockchain Industry Coordinating Committee of Nigeria (BICCoN), emphasized the importance of clear guidelines. He suggested that the Nigerian SEC should define asset classes for cryptocurrencies and explain their classifications as either securities or commodities, which would help creators understand the regulatory requirements.
In Nigeria, digital commodities have not received as much attention as physical commodities, which the Commodity Board has traditionally focused on. However, several government agencies, including the Central Bank of Nigeria (CBN), the SEC, the Federal Inland Revenue Service (FIRS), and the National Security Adviser (NSA), have shown interest in the regulatory aspects of cryptocurrencies.
Oladotun Wilfred Akangbe, Chief Marketing Officer of Flincap, highlighted the multifaceted nature of cryptocurrencies like Bitcoin and Ethereum, noting their significant value as assets.
He argued that the SEC should focus on their use as fundraising tools, such as in initial coin offerings (ICOs). Local crypto analyst Rume Ofi also pointed out that each cryptocurrency is unique and should be individually assessed to determine its classification as a security or commodity.
By classifying Bitcoin and Ethereum as commodities, the Nigerian SEC could provide much-needed clarity and stability to the market, fostering innovation while ensuring regulatory compliance. $BTC $ETH $ICP
#SEC败诉 #ETH_ETFs_Approval_Predictions #NigeriaCrypto #Nigeria's #BTC☀
LIVELIVEthaksbuddy
--
Together, we've achieved milestones beyond imagination. Let's cherish every moment of growth and success!
Here's to Binance, the beacon of innovation and empowerment. 🚀
Cheers to seven years of partnership, progress, and limitless possibilities ahead! 🎉 #BinanceTurns7 #thaksbuddy $BTC $PEOPLE $ICP
Here's to Binance, the beacon of innovation and empowerment. 🚀
Cheers to seven years of partnership, progress, and limitless possibilities ahead! 🎉 #BinanceTurns7 #thaksbuddy $BTC $PEOPLE $ICP
$HARD $IRIS $DOCK 👇
LIVEthaksbuddy
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Unlocking the Future of $IO and the io.net Ecosystem
The IO Coin Initial Token Generation Event (TGE) on Binance Launchpool on June 11, 2024, marked a pivotal moment for io.net. This decentralized GPU cloud platform is set to transform the AI compute landscape by efficiently utilizing GPU resources from diverse sources, including independent data centers, crypto miners, and individual gamers.
Exploring the Potential and Opportunities for io.net and $IO
Enhanced Scalability and Accessibility: Built on the Solana blockchain, io.net's infrastructure offers high throughput capabilities crucial for AI computations. By democratizing access to AI computing power and providing scalable GPU resources via decentralized cloud computing, io.net is positioned to meet the escalating demand in the industry. With a capped total token supply of 800 million IO and 95 million tokens already circulating, the platform is well-prepared to support various GPU-intensive workloads.
Strategic Partnerships and Technical Advancements: io.net's collaboration with Aptos aims to create a more secure and efficient blockchain tailored for AI applications. This partnership enhances io.net’s technical capabilities, ensuring it can handle the rising demand for AI compute power while maintaining performance and security.
Robust Financial Backing and Community Engagement: Securing over $40 million in Series A funding from Multicoin Capital and Hack VC provides io.net with a strong financial foundation for its expansion. The platform’s Ignition Rewards program has already rewarded over 1 million wallet addresses, highlighting a vibrant and engaged community.
The Promise of Decentralized Infrastructure (DePIN)
The decentralized physical infrastructure network (DePIN) model pursued by io.net brings numerous benefits, including reduced costs, faster lead times, and broader options for businesses and developers. By deploying and managing on-demand decentralized GPU clusters sourced from geographically distributed locations, io.net makes GPU compute capacity more affordable and widely accessible.
Future Potential and Opportunities for io.net and $IO
The future of the io.net ecosystem and the $IO token holds significant promise. The platform's ability to aggregate and efficiently utilize underutilized GPU resources positions it as a key player in the AI and blockchain sectors. As the demand for AI-driven solutions continues to grow, io.net's scalable and decentralized approach can meet this demand more cost-effectively than traditional centralized models.
Additionally, io.net's commitment to continuous innovation and strategic partnerships will likely lead to the development of new applications and services within its ecosystem. The potential for integration with other blockchain-based projects and the expansion of its use cases across various industries, from gaming to scientific research, presents substantial opportunities for growth.
Moreover, the community-centric approach of io.net, reflected in its Ignition Rewards program and active engagement with stakeholders, will foster a loyal and expanding user base. This strong community support is essential for the long-term success and sustainability of the platform.
Conclusion: The listing of$IO on Binance and the progressive developments within the io.net ecosystem signal a bright future for decentralized AI computing. With a strong technical foundation, strategic alliances, significant funding, and an active community, io.net is well-equipped to lead the convergence of AI and blockchain technologies. #IOInternetofGPUs #ionet #IOInternetdeGPU @io.net @Binance Square Official
Exploring the Potential and Opportunities for io.net and $IO
Enhanced Scalability and Accessibility: Built on the Solana blockchain, io.net's infrastructure offers high throughput capabilities crucial for AI computations. By democratizing access to AI computing power and providing scalable GPU resources via decentralized cloud computing, io.net is positioned to meet the escalating demand in the industry. With a capped total token supply of 800 million IO and 95 million tokens already circulating, the platform is well-prepared to support various GPU-intensive workloads.
Strategic Partnerships and Technical Advancements: io.net's collaboration with Aptos aims to create a more secure and efficient blockchain tailored for AI applications. This partnership enhances io.net’s technical capabilities, ensuring it can handle the rising demand for AI compute power while maintaining performance and security.
Robust Financial Backing and Community Engagement: Securing over $40 million in Series A funding from Multicoin Capital and Hack VC provides io.net with a strong financial foundation for its expansion. The platform’s Ignition Rewards program has already rewarded over 1 million wallet addresses, highlighting a vibrant and engaged community.
The Promise of Decentralized Infrastructure (DePIN)
The decentralized physical infrastructure network (DePIN) model pursued by io.net brings numerous benefits, including reduced costs, faster lead times, and broader options for businesses and developers. By deploying and managing on-demand decentralized GPU clusters sourced from geographically distributed locations, io.net makes GPU compute capacity more affordable and widely accessible.
Future Potential and Opportunities for io.net and $IO
The future of the io.net ecosystem and the $IO token holds significant promise. The platform's ability to aggregate and efficiently utilize underutilized GPU resources positions it as a key player in the AI and blockchain sectors. As the demand for AI-driven solutions continues to grow, io.net's scalable and decentralized approach can meet this demand more cost-effectively than traditional centralized models.
Additionally, io.net's commitment to continuous innovation and strategic partnerships will likely lead to the development of new applications and services within its ecosystem. The potential for integration with other blockchain-based projects and the expansion of its use cases across various industries, from gaming to scientific research, presents substantial opportunities for growth.
Moreover, the community-centric approach of io.net, reflected in its Ignition Rewards program and active engagement with stakeholders, will foster a loyal and expanding user base. This strong community support is essential for the long-term success and sustainability of the platform.
Conclusion: The listing of$IO on Binance and the progressive developments within the io.net ecosystem signal a bright future for decentralized AI computing. With a strong technical foundation, strategic alliances, significant funding, and an active community, io.net is well-equipped to lead the convergence of AI and blockchain technologies. #IOInternetofGPUs #ionet #IOInternetdeGPU @io.net @Binance Square Official
🎉 Binance has recently celebrated its 7th anniversary, and I’m thrilled with the special gifts I received. They’ve only strengthened my commitment to supporting and growing with Binance. Here’s to many more years of success and innovation ahead! 💪🚀
#BinanceAnniversary #cryptojourney #BinanceSquareFamily #Binanceaward #BinanceAcademy $BTC $NOT $BONK @Binance @Binance _Square_Official
#BinanceAnniversary #cryptojourney #BinanceSquareFamily #Binanceaward #BinanceAcademy $BTC $NOT $BONK @Binance @Binance _Square_Official
#IOInternetofGPUs : The Future of $IO and the io.net Ecosystem
Following the successful Initial Token Generation Event (TGE) on June 11, 2024, io.net is poised for remarkable advancements. This decentralized GPU cloud platform is gaining traction for its unique approach to mitigating the global GPU shortage, leveraging distributed GPU resources from data centers, crypto miners, and gamers.
Exploring the Potential and Opportunities of io.net
Scalability and Accessibility: io.net leverages the Solana blockchain for high throughput, democratizing AI compute power via decentralized cloud infrastructure. With 800 million IO tokens available and 95 million in circulation, io.net is well-equipped to meet growing AI computational demands.
Strategic Partnerships: io.net’s collaboration with Aptos to develop a safer and more efficient blockchain for AI applications significantly boosts its capabilities. This partnership aims to strengthen io.net's technical infrastructure, ensuring it can meet the growing requirements of AI computing.
Robust Financial and Community Support:
Having secured over $40 million in Series A funding led by Multicoin Capital and Hack VC, io.net is well-financed for future growth. The Ignition Rewards program has also successfully engaged over a million wallet addresses, highlighting a strong and expanding community.
The Decentralized Infrastructure (DePIN) Track
The decentralized physical infrastructure network (DePIN) initiative by io.net offers several benefits, including cost reductions, shorter lead times, and more options for businesses and developers. By managing decentralized GPU clusters from geographically dispersed sources, io.net makes GPU compute capacity more accessible and cost-effective.
Conclusion: With $IO listed on Binance and ongoing ecosystem growth, io.net is poised to lead in decentralized AI computing. Strong technical foundations, strategic partnerships, and a vibrant community drive its promising future. $IO
@Binance Square Official @io.net
Following the successful Initial Token Generation Event (TGE) on June 11, 2024, io.net is poised for remarkable advancements. This decentralized GPU cloud platform is gaining traction for its unique approach to mitigating the global GPU shortage, leveraging distributed GPU resources from data centers, crypto miners, and gamers.
Exploring the Potential and Opportunities of io.net
Scalability and Accessibility: io.net leverages the Solana blockchain for high throughput, democratizing AI compute power via decentralized cloud infrastructure. With 800 million IO tokens available and 95 million in circulation, io.net is well-equipped to meet growing AI computational demands.
Strategic Partnerships: io.net’s collaboration with Aptos to develop a safer and more efficient blockchain for AI applications significantly boosts its capabilities. This partnership aims to strengthen io.net's technical infrastructure, ensuring it can meet the growing requirements of AI computing.
Robust Financial and Community Support:
Having secured over $40 million in Series A funding led by Multicoin Capital and Hack VC, io.net is well-financed for future growth. The Ignition Rewards program has also successfully engaged over a million wallet addresses, highlighting a strong and expanding community.
The Decentralized Infrastructure (DePIN) Track
The decentralized physical infrastructure network (DePIN) initiative by io.net offers several benefits, including cost reductions, shorter lead times, and more options for businesses and developers. By managing decentralized GPU clusters from geographically dispersed sources, io.net makes GPU compute capacity more accessible and cost-effective.
Conclusion: With $IO listed on Binance and ongoing ecosystem growth, io.net is poised to lead in decentralized AI computing. Strong technical foundations, strategic partnerships, and a vibrant community drive its promising future. $IO
@Binance Square Official @io.net
Unlocking the Future of $IO and the io.net Ecosystem
The IO Coin Initial Token Generation Event (TGE) on Binance Launchpool on June 11, 2024, marked a pivotal moment for io.net. This decentralized GPU cloud platform is set to transform the AI compute landscape by efficiently utilizing GPU resources from diverse sources, including independent data centers, crypto miners, and individual gamers.
Exploring the Potential and Opportunities for io.net and $IO
Enhanced Scalability and Accessibility: Built on the Solana blockchain, io.net's infrastructure offers high throughput capabilities crucial for AI computations. By democratizing access to AI computing power and providing scalable GPU resources via decentralized cloud computing, io.net is positioned to meet the escalating demand in the industry. With a capped total token supply of 800 million IO and 95 million tokens already circulating, the platform is well-prepared to support various GPU-intensive workloads.
Strategic Partnerships and Technical Advancements: io.net's collaboration with Aptos aims to create a more secure and efficient blockchain tailored for AI applications. This partnership enhances io.net’s technical capabilities, ensuring it can handle the rising demand for AI compute power while maintaining performance and security.
Robust Financial Backing and Community Engagement: Securing over $40 million in Series A funding from Multicoin Capital and Hack VC provides io.net with a strong financial foundation for its expansion. The platform’s Ignition Rewards program has already rewarded over 1 million wallet addresses, highlighting a vibrant and engaged community.
The Promise of Decentralized Infrastructure (DePIN)
The decentralized physical infrastructure network (DePIN) model pursued by io.net brings numerous benefits, including reduced costs, faster lead times, and broader options for businesses and developers. By deploying and managing on-demand decentralized GPU clusters sourced from geographically distributed locations, io.net makes GPU compute capacity more affordable and widely accessible.
Future Potential and Opportunities for io.net and $IO
The future of the io.net ecosystem and the $IO token holds significant promise. The platform's ability to aggregate and efficiently utilize underutilized GPU resources positions it as a key player in the AI and blockchain sectors. As the demand for AI-driven solutions continues to grow, io.net's scalable and decentralized approach can meet this demand more cost-effectively than traditional centralized models.
Additionally, io.net's commitment to continuous innovation and strategic partnerships will likely lead to the development of new applications and services within its ecosystem. The potential for integration with other blockchain-based projects and the expansion of its use cases across various industries, from gaming to scientific research, presents substantial opportunities for growth.
Moreover, the community-centric approach of io.net, reflected in its Ignition Rewards program and active engagement with stakeholders, will foster a loyal and expanding user base. This strong community support is essential for the long-term success and sustainability of the platform.
Conclusion: The listing of$IO on Binance and the progressive developments within the io.net ecosystem signal a bright future for decentralized AI computing. With a strong technical foundation, strategic alliances, significant funding, and an active community, io.net is well-equipped to lead the convergence of AI and blockchain technologies. #IOInternetofGPUs #ionet #IOInternetdeGPU @io.net @Binance Square Official
Exploring the Potential and Opportunities for io.net and $IO
Enhanced Scalability and Accessibility: Built on the Solana blockchain, io.net's infrastructure offers high throughput capabilities crucial for AI computations. By democratizing access to AI computing power and providing scalable GPU resources via decentralized cloud computing, io.net is positioned to meet the escalating demand in the industry. With a capped total token supply of 800 million IO and 95 million tokens already circulating, the platform is well-prepared to support various GPU-intensive workloads.
Strategic Partnerships and Technical Advancements: io.net's collaboration with Aptos aims to create a more secure and efficient blockchain tailored for AI applications. This partnership enhances io.net’s technical capabilities, ensuring it can handle the rising demand for AI compute power while maintaining performance and security.
Robust Financial Backing and Community Engagement: Securing over $40 million in Series A funding from Multicoin Capital and Hack VC provides io.net with a strong financial foundation for its expansion. The platform’s Ignition Rewards program has already rewarded over 1 million wallet addresses, highlighting a vibrant and engaged community.
The Promise of Decentralized Infrastructure (DePIN)
The decentralized physical infrastructure network (DePIN) model pursued by io.net brings numerous benefits, including reduced costs, faster lead times, and broader options for businesses and developers. By deploying and managing on-demand decentralized GPU clusters sourced from geographically distributed locations, io.net makes GPU compute capacity more affordable and widely accessible.
Future Potential and Opportunities for io.net and $IO
The future of the io.net ecosystem and the $IO token holds significant promise. The platform's ability to aggregate and efficiently utilize underutilized GPU resources positions it as a key player in the AI and blockchain sectors. As the demand for AI-driven solutions continues to grow, io.net's scalable and decentralized approach can meet this demand more cost-effectively than traditional centralized models.
Additionally, io.net's commitment to continuous innovation and strategic partnerships will likely lead to the development of new applications and services within its ecosystem. The potential for integration with other blockchain-based projects and the expansion of its use cases across various industries, from gaming to scientific research, presents substantial opportunities for growth.
Moreover, the community-centric approach of io.net, reflected in its Ignition Rewards program and active engagement with stakeholders, will foster a loyal and expanding user base. This strong community support is essential for the long-term success and sustainability of the platform.
Conclusion: The listing of$IO on Binance and the progressive developments within the io.net ecosystem signal a bright future for decentralized AI computing. With a strong technical foundation, strategic alliances, significant funding, and an active community, io.net is well-equipped to lead the convergence of AI and blockchain technologies. #IOInternetofGPUs #ionet #IOInternetdeGPU @io.net @Binance Square Official
Top 3 Tokens Under $0.01 for a $1,000 Portfolio.
1. Everipedia $IQ
Allocate Amount: $300
Current Price: $0.006 per token
Number of Tokens: 50,000 IQ
Potential: Everipedia (IQ) is a decentralized knowledge platform on the blockchain. It aims to create a more inclusive and fair knowledge base, with contributors being rewarded in IQ tokens for their efforts. The platform leverages blockchain technology to ensure transparency, immutability, and accessibility, making it a promising project in the decentralized knowledge-sharing space.
2. 1000*SATS (Ordinals) $1000SATS
Allocate Amount: $300
Current Price: $0.0002 per token
Number of Tokens: 1,500,000 1000SATS
Potential: SATS is a BRC-20 token that pays homage to satoshi. SATS is the abbreviation for satoshi, the smallest unit of Bitcoin. One satoshi equals 0.00000001 BTC. Please note that the token is a meme token and is inscribed by an anonymous team. 1000SATS is 1000 times SATS.
3. Siacoin $SC
Allocate Amount: $400
Current Price: $0.004 per token
Number of Tokens: 100,000 SC
Potential: Siacoin (SC) is a decentralized cloud storage platform that leverages blockchain technology to provide secure and efficient storage solutions. Users can rent out their unused storage space to others in a decentralized manner, earning SC tokens in return. Siacoin's approach to cloud storage aims to reduce costs and increase security, making it a valuable project in the decentralized storage sector.
This diversified portfolio includes tokens targeting different aspects of the blockchain and DeFi ecosystems, offering growth opportunities across varied segments of the crypto market. With a strategic allocation of funds, these tokens under $0.01 provide a balanced and promising investment approach for a $1,000 portfolio.
Disclaimer:
Research Yourself before investing, use only risk-worthy funds, and take full responsibility for your decisions.
#IQtoken #SC #10000SATS
1. Everipedia $IQ
Allocate Amount: $300
Current Price: $0.006 per token
Number of Tokens: 50,000 IQ
Potential: Everipedia (IQ) is a decentralized knowledge platform on the blockchain. It aims to create a more inclusive and fair knowledge base, with contributors being rewarded in IQ tokens for their efforts. The platform leverages blockchain technology to ensure transparency, immutability, and accessibility, making it a promising project in the decentralized knowledge-sharing space.
2. 1000*SATS (Ordinals) $1000SATS
Allocate Amount: $300
Current Price: $0.0002 per token
Number of Tokens: 1,500,000 1000SATS
Potential: SATS is a BRC-20 token that pays homage to satoshi. SATS is the abbreviation for satoshi, the smallest unit of Bitcoin. One satoshi equals 0.00000001 BTC. Please note that the token is a meme token and is inscribed by an anonymous team. 1000SATS is 1000 times SATS.
3. Siacoin $SC
Allocate Amount: $400
Current Price: $0.004 per token
Number of Tokens: 100,000 SC
Potential: Siacoin (SC) is a decentralized cloud storage platform that leverages blockchain technology to provide secure and efficient storage solutions. Users can rent out their unused storage space to others in a decentralized manner, earning SC tokens in return. Siacoin's approach to cloud storage aims to reduce costs and increase security, making it a valuable project in the decentralized storage sector.
This diversified portfolio includes tokens targeting different aspects of the blockchain and DeFi ecosystems, offering growth opportunities across varied segments of the crypto market. With a strategic allocation of funds, these tokens under $0.01 provide a balanced and promising investment approach for a $1,000 portfolio.
Disclaimer:
Research Yourself before investing, use only risk-worthy funds, and take full responsibility for your decisions.
#IQtoken #SC #10000SATS
Massive Bitcoin Sell-Off in Germany: 3,000 BTC in Just an Hour!
Attention, crypto enthusiasts! Brace yourselves for another rollercoaster ride in the digital currency realm. The German government has just executed a colossal sell-off, transferring over 3,000 bitcoins in the last hour alone!
Despite passionate pleas from Joana Cotar, a German lawmaker and fervent Bitcoin supporter, the government forged ahead with the sale. Cotar implored her colleagues to halt the liquidation of government-held bitcoins, advocating instead for Bitcoin to be used as a strategic reserve currency. She argued that this would shield Germany from the volatility of traditional financial systems. Unfortunately, her appeals seem to have fallen on deaf ears, much like a lightning-fast transaction on the Bitcoin network.
In the past 24 hours, the German government has moved a staggering 6,000 BTC in total. More than half of this amount has already found its way to exchanges or unknown addresses. It’s intriguing to speculate on the destination of these coins – could some officials be eyeing private islands?
So, what’s driving the German government’s actions? Is it a fear of new technologies, a bid for quick profit, or simply a belief that Bitcoin’s volatility is too much for their conservative tastes?
Whatever the reason, one thing is clear: while some nations are embracing cryptocurrencies, others are distancing themselves. Germany appears to have chosen a path of crypto skepticism. Well, each country has its own approach! $BTC $DYM $ELF
Attention, crypto enthusiasts! Brace yourselves for another rollercoaster ride in the digital currency realm. The German government has just executed a colossal sell-off, transferring over 3,000 bitcoins in the last hour alone!
Despite passionate pleas from Joana Cotar, a German lawmaker and fervent Bitcoin supporter, the government forged ahead with the sale. Cotar implored her colleagues to halt the liquidation of government-held bitcoins, advocating instead for Bitcoin to be used as a strategic reserve currency. She argued that this would shield Germany from the volatility of traditional financial systems. Unfortunately, her appeals seem to have fallen on deaf ears, much like a lightning-fast transaction on the Bitcoin network.
In the past 24 hours, the German government has moved a staggering 6,000 BTC in total. More than half of this amount has already found its way to exchanges or unknown addresses. It’s intriguing to speculate on the destination of these coins – could some officials be eyeing private islands?
So, what’s driving the German government’s actions? Is it a fear of new technologies, a bid for quick profit, or simply a belief that Bitcoin’s volatility is too much for their conservative tastes?
Whatever the reason, one thing is clear: while some nations are embracing cryptocurrencies, others are distancing themselves. Germany appears to have chosen a path of crypto skepticism. Well, each country has its own approach! $BTC $DYM $ELF
Crypto Crash Alert: BTC -7.2%, PEPE -14.86%, SOL -6.51% - Stay sharp in volatile markets!
Bitcoin $BTC : -7.2%
Bitcoin recently experienced a significant drop below the $54,000 level, with the decline largely attributed to profit-taking by long-term holders (LTHs). These investors, who typically exhibit strong hands, chose to capitalize on gains during the recent market conditions, leading to increased selling pressure and contributing to the price drop.
Pepe $PEPE : -14.86%
Pepe, a memecoin, saw a sharp decline of 14.86%. Despite its strong community and unique appeal, recent market volatility has negatively impacted its price. PEPE's price drop is part of a broader trend affecting many meme coins, highlighting the volatile nature of this segment of the crypto market.
Solana $SOL : -6.51%
Solana's price also fell by 6.51%, reflecting a general downturn in the crypto market. Factors contributing to this decline include broader market sentiment and specific challenges faced by the Solana ecosystem, including network outages and competition from other blockchain platforms.
Stay updated on the latest trends and market movements to navigate these volatile times effectively.
Disclaimer:
Research Yourself before investing, use only risk-worthy funds and take full responsibility for your decisions.
Bitcoin $BTC : -7.2%
Bitcoin recently experienced a significant drop below the $54,000 level, with the decline largely attributed to profit-taking by long-term holders (LTHs). These investors, who typically exhibit strong hands, chose to capitalize on gains during the recent market conditions, leading to increased selling pressure and contributing to the price drop.
Pepe $PEPE : -14.86%
Pepe, a memecoin, saw a sharp decline of 14.86%. Despite its strong community and unique appeal, recent market volatility has negatively impacted its price. PEPE's price drop is part of a broader trend affecting many meme coins, highlighting the volatile nature of this segment of the crypto market.
Solana $SOL : -6.51%
Solana's price also fell by 6.51%, reflecting a general downturn in the crypto market. Factors contributing to this decline include broader market sentiment and specific challenges faced by the Solana ecosystem, including network outages and competition from other blockchain platforms.
Stay updated on the latest trends and market movements to navigate these volatile times effectively.
Disclaimer:
Research Yourself before investing, use only risk-worthy funds and take full responsibility for your decisions.
Bitcoin falls below $54,000 due to profit-taking by long-term holders.
Bitcoin recently experienced a significant drop below the $54,000 level, indicating a notable downturn from its recent highs. One key factor contributing to this decline is profit-taking by long-term bitcoin holders (LTHs). These investors, who hold bitcoins for more than 155 days, typically exhibit strong hands and are less prone to selling during market fluctuations. However, recent on-chain data suggests that many of these long-term holders chose to capitalize on their gains amid current market conditions.
The "Spent Output Profit Ratio" (SOPR), a metric that indicates whether bitcoins are being sold at a profit or a loss, showed spikes among LTHs. When the SOPR exceeds 1, it indicates that bitcoins are being sold at a profit. Recent spikes in SOPR among LTHs, particularly in the 5 to 7-year age range of bitcoins being spent (SOAB), suggest that these holders decided to realize profits by selling off coins that had appreciated significantly in value.
This behavior by long-term holders, who are traditionally seen as stable and committed to holding through market fluctuations, can have a pronounced impact on Bitcoin's price dynamics. The recent sell-offs by LTHs likely added selling pressure to the market, contributing to Bitcoin's drop below $54,000.
However, it's important to note that market movements are multifaceted and influenced by various factors beyond individual transactions. These factors include broader market sentiment, regulatory developments, macroeconomic trends, and institutional investor actions, all of which contribute to the volatility and price discovery in the cryptocurrency markets.
In summary, while profit-taking by long-term holders played a significant role in Bitcoin's recent price decline below $54,000, the cryptocurrency market remains subject to a complex interplay of factors that collectively shape its trajectory. $BTC $ETH $CREAM
Disclaimer:
Research Yourself before investing, use only risk-worthy funds and take full responsibility for your decisions.
Bitcoin recently experienced a significant drop below the $54,000 level, indicating a notable downturn from its recent highs. One key factor contributing to this decline is profit-taking by long-term bitcoin holders (LTHs). These investors, who hold bitcoins for more than 155 days, typically exhibit strong hands and are less prone to selling during market fluctuations. However, recent on-chain data suggests that many of these long-term holders chose to capitalize on their gains amid current market conditions.
The "Spent Output Profit Ratio" (SOPR), a metric that indicates whether bitcoins are being sold at a profit or a loss, showed spikes among LTHs. When the SOPR exceeds 1, it indicates that bitcoins are being sold at a profit. Recent spikes in SOPR among LTHs, particularly in the 5 to 7-year age range of bitcoins being spent (SOAB), suggest that these holders decided to realize profits by selling off coins that had appreciated significantly in value.
This behavior by long-term holders, who are traditionally seen as stable and committed to holding through market fluctuations, can have a pronounced impact on Bitcoin's price dynamics. The recent sell-offs by LTHs likely added selling pressure to the market, contributing to Bitcoin's drop below $54,000.
However, it's important to note that market movements are multifaceted and influenced by various factors beyond individual transactions. These factors include broader market sentiment, regulatory developments, macroeconomic trends, and institutional investor actions, all of which contribute to the volatility and price discovery in the cryptocurrency markets.
In summary, while profit-taking by long-term holders played a significant role in Bitcoin's recent price decline below $54,000, the cryptocurrency market remains subject to a complex interplay of factors that collectively shape its trajectory. $BTC $ETH $CREAM
Disclaimer:
Research Yourself before investing, use only risk-worthy funds and take full responsibility for your decisions.
Critical Support Alert 🚨: Ethereum (ETH) is currently testing the $2830 zone.
👉 Ethereum (ETH) is currently testing a critical support level near $2830. This level has historically been significant in determining market sentiment. If ETH breaks below $2830, it could signal potential further declines, with market sentiment likely turning bearish.
Disclaimer:
Research Yourself before investing, use only risk-worthy funds and take full responsibility for your decisions.
#ETH/USDT $ETH
👉 Ethereum (ETH) is currently testing a critical support level near $2830. This level has historically been significant in determining market sentiment. If ETH breaks below $2830, it could signal potential further declines, with market sentiment likely turning bearish.
Disclaimer:
Research Yourself before investing, use only risk-worthy funds and take full responsibility for your decisions.
#ETH/USDT $ETH
🚀 Exploring the Future of io.net and $IO ! 🚀
With the completion of the IO Coin Initial Offering (TGE) on the Binance Launchpool on June 11, io.net is poised for remarkable growth. The decentralized GPU cloud platform, aggregating GPUs from independent data centers, crypto miners, and gamers, is tackling the global GPU shortage head-on. This network's extensive capabilities will drive advancements in AI training, graphic rendering, and gaming applications, opening up unprecedented opportunities.
Future Potential and Opportunities:
io.net’s vast network, with over 200,000 verified GPUs, including 20,000 enterprise-grade AI cards, makes it the largest in the crypto world. This powerhouse supports AI companies, graphic rendering applications, games, and more, using state-of-the-art clustering technology for AI training and inference. The launch of IO restaking aims to improve network quality and empower token holders. The platform’s strong community is evident from the Ignition Rewards program, which has already rewarded over 1 million wallet addresses with IO tokens.
Thoughts on the DePIN Track:
The decentralized infrastructure (DePIN) track is revolutionizing the way we manage physical infrastructure networks. By integrating cutting-edge technology and decentralized principles, io.net is creating a robust and resilient ecosystem that promises to redefine the landscape of decentralized computing. The ecosystem is expanding with innovative projects in compute tokenization, DePIN full stack, and DePIN-Fi.
Join the conversation and share your insights! Let's delve into the future of decentralized infrastructure together. 🌐
$IO #ionet #IOInternetofGPUs
With the completion of the IO Coin Initial Offering (TGE) on the Binance Launchpool on June 11, io.net is poised for remarkable growth. The decentralized GPU cloud platform, aggregating GPUs from independent data centers, crypto miners, and gamers, is tackling the global GPU shortage head-on. This network's extensive capabilities will drive advancements in AI training, graphic rendering, and gaming applications, opening up unprecedented opportunities.
Future Potential and Opportunities:
io.net’s vast network, with over 200,000 verified GPUs, including 20,000 enterprise-grade AI cards, makes it the largest in the crypto world. This powerhouse supports AI companies, graphic rendering applications, games, and more, using state-of-the-art clustering technology for AI training and inference. The launch of IO restaking aims to improve network quality and empower token holders. The platform’s strong community is evident from the Ignition Rewards program, which has already rewarded over 1 million wallet addresses with IO tokens.
Thoughts on the DePIN Track:
The decentralized infrastructure (DePIN) track is revolutionizing the way we manage physical infrastructure networks. By integrating cutting-edge technology and decentralized principles, io.net is creating a robust and resilient ecosystem that promises to redefine the landscape of decentralized computing. The ecosystem is expanding with innovative projects in compute tokenization, DePIN full stack, and DePIN-Fi.
Join the conversation and share your insights! Let's delve into the future of decentralized infrastructure together. 🌐
$IO #ionet #IOInternetofGPUs
Crypto Whale Makes Waves: Anonymous Investor Boosts Portfolio by $120 Million with Major Shiba Inu Purchase
Cryptokit has significantly expanded its portfolio by investing $9 million in Shiba Inu (SHIB) tokens. This move has sparked interest within the crypto community, as an anonymous investor on the Ethereum network has added over $120 million worth of various crypto assets to their holdings. This includes the addition of Shiba Inu tokens, which has led to an astonishing 79,831,841% increase in their portfolio's value within the last 24 hours.
In a remarkably short span, the investor acquired tokens valued at $77.87 million. Such a rapid and substantial purchase of altcoins is a rarity, especially within the past year. According to Etherscan, the majority of these cryptocurrencies were withdrawn from the Binance exchange. The transfer comprised six different coins: Shiba Inu (SHIB), Render (RNDR), Fantom (FTM), Chainlink (LINK), Graph Token (GRT), and PEPE.
DeBank's DeFi Dashboard reveals that these acquisitions have boosted the investor's total crypto portfolio to $120,548,301. Specifically, the recent purchase of 583 billion Shiba Inu tokens, worth $9,678,039, has elevated SHIB to the fourth-largest holding in their portfolio. The largest holdings are USDT Tether at $40.65 million, Ethereum at $31.1 million, and the PEPE meme coin at $9.82 million.
Additionally, the investor possesses other notable assets including Dogecoin (valued at $6.95 million) and Floki (worth $1.5 billion). Their smallest holdings include Worldcoin (WLD) and GALA. Beyond GRT, the portfolio features other altcoins, each with monetary values in the millions.
Interestingly, this affluent investor's wallet was created merely six days ago, initially holding PEPE, FTM, and MATIC. The rapid accumulation and diversification of assets in such a short period have drawn considerable attention in the cryptocurrency space. $SHIB $PEPE $FTM #thaksbuddy
Cryptokit has significantly expanded its portfolio by investing $9 million in Shiba Inu (SHIB) tokens. This move has sparked interest within the crypto community, as an anonymous investor on the Ethereum network has added over $120 million worth of various crypto assets to their holdings. This includes the addition of Shiba Inu tokens, which has led to an astonishing 79,831,841% increase in their portfolio's value within the last 24 hours.
In a remarkably short span, the investor acquired tokens valued at $77.87 million. Such a rapid and substantial purchase of altcoins is a rarity, especially within the past year. According to Etherscan, the majority of these cryptocurrencies were withdrawn from the Binance exchange. The transfer comprised six different coins: Shiba Inu (SHIB), Render (RNDR), Fantom (FTM), Chainlink (LINK), Graph Token (GRT), and PEPE.
DeBank's DeFi Dashboard reveals that these acquisitions have boosted the investor's total crypto portfolio to $120,548,301. Specifically, the recent purchase of 583 billion Shiba Inu tokens, worth $9,678,039, has elevated SHIB to the fourth-largest holding in their portfolio. The largest holdings are USDT Tether at $40.65 million, Ethereum at $31.1 million, and the PEPE meme coin at $9.82 million.
Additionally, the investor possesses other notable assets including Dogecoin (valued at $6.95 million) and Floki (worth $1.5 billion). Their smallest holdings include Worldcoin (WLD) and GALA. Beyond GRT, the portfolio features other altcoins, each with monetary values in the millions.
Interestingly, this affluent investor's wallet was created merely six days ago, initially holding PEPE, FTM, and MATIC. The rapid accumulation and diversification of assets in such a short period have drawn considerable attention in the cryptocurrency space. $SHIB $PEPE $FTM #thaksbuddy