In the past 24 hours, the memecoin $MOG has experienced a 16% decline. However, data from iCrypto.ai has revealed an insider trader consistently capitalizing on $MOG’s price movements.

This trader has a history of purchasing $MOG before significant price surges.

On June 08, 2024, the trader acquired 280.18 billion $MOG at $0.00001241, spending approximately $350,000. Following a more than 30% drop in $MOG’s price, the trader bought an additional 120.26 billion $MOG at $0.000068793, investing another $106,170. In total, the trader accumulated 400.44 billion $MOG for around $456,000.

Remarkably, after the price of $MOG increased by over 140%, the insider continued buying without selling. On July 04, 2024, the trader purchased 89.06 billion $MOG at $0.00001413 (roughly $115,500) and received 49.55 billion $MOG worth $70,520 from wallet 0xbd5f, bringing the total acquisition to 138.61 billion $MOG (approximately $186,000).

https://t.co/kFF8LDumzs found an insider trader of $MOG

He always buys $MOG before the big price increases

Check out the trading behavior, how much he earned, and the amount of $MOG he is holding in the thread below 🧵 pic.twitter.com/QGYwBUrqLy

— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) August 1, 2024

Insider Makes Notable Profits From Selling At 48% Gain

When $MOG hit a new all-time high on July 21, 2024, the insider sold 42.35 billion $MOG, realizing a profit of $31,050, representing a 48.73% gain, but retained 496.25 billion $MOG.

Between July 22 and July 29, the trader invested over $800,000 to purchase an additional 544 billion $MOG at $0.000017. Subsequently, the trader transferred all $MOG holdings to another wallet for safekeeping.

As of now, the insider holds a total of 1.04 trillion $MOG, valued at approximately $2.3 million.

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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Renzo ($REZ) has hit a double bottom, facing intense liquidations since its listing. The selling pressure has driven the price down significantly.

Today, a whale, likely an investor in the Renzo project, deposited 34 million $REZ (valued at $2.09 million) onto Binance.

Previously, on June 27, 2024, this whale had received 50 million $REZ at a price of $0.0954 per token (totaling $4.77 million) from the multi-signature wallet of Renzo Protocol.

Additionally, 14 days ago, the same whale deposited 16 million $REZ ($1.19 million) onto Binance. With today’s deposit, the whale has now transferred the entire amount received to the centralized exchange.

$REZ – A Whale (likely an Investor of Renzo Project) has deposited 34M $REZ ($2.09M) onto #Binance 1 hour ago 🔽

On 27/6/2024, this Whale had received 50M $REZ at a price of $0.0954 ($4.77M) from the Multi-sig wallet of Renzo Protocol.

Later, this Whale had also deposited 16M… pic.twitter.com/ACs2IONJYR

— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) August 2, 2024

More Whales Record New Loss In $REZ Investment 

If the whale decides to sell all the deposited $REZ, they would incur a significant loss of $1.5 million, which equates to a 31.21% decrease in value.

Despite these developments, Renzo Protocol is making strides in enhancing its ecosystem. Recently, it enabled governance participation and increased the utility of the $REZ token.

This allows token holders to propose and vote on key governance proposals, maximizing their holdings’ utility through ezSTAKE and ezREWARDS. Furthermore, $REZ token stakers will be eligible for future ecosystem rewards from the Renzo Treasury.

⚡️ @RenzoProtocol $REZ has enabled governance participation and increased token utility

Renzo introduces governance participation and increased #REZ token utility. Through this innovation, $REZ token holders will have the power to propose and vote on key governance proposals, as… pic.twitter.com/gXw4J85uDD

— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) July 29, 2024

Renzo Protocol is a liquid restaking protocol with over $1.8 billion in total value locked. It is backed by prominent investors, including Binance Labs, Maven11 Capital, OKX Ventures, and Papervc. This recent innovation aims to strengthen the protocol’s community involvement and enhance the overall utility of the $REZ token amidst market challenges.

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 RENZO ($REZ) Reaches Double Bottom Amidst Intense Liquidations; Whale Takes Significant Loss appeared first on The Merkle News.

The XRP Ledger (XRPL) emerged as one of the top performers in July, buoyed by significant on-chain activity.

The coin experienced a remarkable 35% monthly increase, driven by major whale transactions and robust network growth. Additionally, its social dominance has reached new heights, despite a mild retracement in its price.

📊 XRP Ledger, among one of the best performers in July, has been powered by high on-chain activity. Major whale transaction levels and network growth helped propel the coin's +35% month, and social dominance is now sky-high as the asset has mildly retraced. pic.twitter.com/QS2ZIr0ABz

— Santiment (@santimentfeed) August 1, 2024

From July 17-23, a total of 4,727 XRPL whale transactions exceeding $100,000 were recorded. This surge in large-scale transactions underscored the growing interest and confidence among major investors in the asset.

The following week, from July 24-30, saw the creation of 9,482 new XRPL wallets, indicating a substantial increase in user adoption and network expansion. This growth in wallet creation further signifies the rising popularity and acceptance of XRPL in the broader crypto community.

Social Engagement On XRP Discussion Spikes 

As of July 31, 2.59% of all tracked cryptocurrency discussions are related to XRP and XRPL. This surge in social engagement highlights the growing attention and interest in the asset.

Amidst these developments, speculations regarding a settlement between Ripple and the SEC have resurfaced, particularly with the unlocking of 500 million XRP today. This speculation comes at a time when the odds of a ruling in the remedies phase are heightened, adding to the anticipation and excitement surrounding XRP.

⚡️The @Ripple #SEC settlement speculations resurfaced with 500 million $XRP unlocked today ⚖️

This comes amid heightened odds of the remedies phase ruling 👀

🔔Follow @CoinGapeMedia for the #Latest #CryptoNews and #MarketUpdates https://t.co/ygn68Tibtq

— Crypto News (CoinGape) (@CoinGapeMedia) August 2, 2024

Overall, the XRP Ledger has demonstrated significant growth and resilience, fueled by increased on-chain activity, whale transactions, and network expansion. As the market awaits potential regulatory developments, XRP’s social dominance and community engagement continue to strengthen, positioning it as a prominent player in the crypto space.

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

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The crypto market is seeing a widespread downturn, with many coins experiencing significant losses. Among them, the meme coin $PEPE has notably added a zero to its value, now trading at $0.0000099.

$PEPE DIPS LIKE NEVER BEFORE 😫🤔🤔🚨 BLOODY DAY Well the market is shading blood but some meme coins like Pepe have taken it to a personal level dip.Currently Pepe has added a zero It’s trading at 0.0000099 $PEPE $BTC #BinanceSquareFamily #US_Job_Market_Slowdown pic.twitter.com/iWO1m2cX8a

— Crypto Claws (@cryptoclaws_) August 2, 2024

In the past 24 hours, a significant movement was observed when a whale deposited 400 billion $PEPE, worth approximately $4.22 million, to Binance, securing a 2x profit. This same whale had withdrawn 796 billion $PEPE from Binance around five months ago at an estimated cost of $2.51 million.

A whale deposited 400B $PEPE ($4.22M) to #Binance for a 2x profit ~20 mins ago!

Notably, 5months ago, the whale withdrew 796B $PEPE from Binance with an est. cost of only $2.51M;

And now still has 396B $PEPE ($4.18M) left.

The est. total profit from $PEPE is $5.9M (+235%).… pic.twitter.com/a8V4goBME3

— Spot On Chain (@spotonchain) August 1, 2024

After the recent deposit, the whale still retains 396 billion $PEPE, valued at around $4.18 million. This strategic maneuver has resulted in an estimated total profit of $5.9 million, reflecting a substantial 235% gain.

Despite the broader market’s decline, this whale’s actions highlight the potential for significant profit within the volatile meme coin sector, showcasing both the risks and rewards inherent in the cryptocurrency 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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Since June 2024, Solana’s key metrics have shown impressive growth. DeFi Total Value Locked (TVL) has surged by 20%, net inflows have increased by 126%, and non-voting transactions have risen by 21%.

🚨REPORT: @Solana's key metrics have shown significant growth since June 2024.

▶️ DeFi TVL: increased by 20% ▶️ Net Inflows: increased by 126% ▶️ Non-voting Transactions: increased by 21% pic.twitter.com/W8LvGsBmvu

— SolanaFloor (@SolanaFloor) August 1, 2024

Solana Surpassed Ethereum In Monthly DEX Trading Volume 

According to DefiLlama, Solana surpassed Ethereum in monthly DEX trading volume for the first time in July 2024, recording $55.876 billion compared to Ethereum’s $53.868 billion. Other notable performers include Arbitrum with $24.569 billion, BSC at $17.888 billion, and Base at $15.554 billion.

According to DefiLlama, Solana surpassed Ethereum in monthly DEX trading volume for the first time in July 2024, reaching $55.876 billion, compared to Ethereum’s $53.868 billion. Other outstanding performing chains include Arbitrum ($24.569 billion), BSC ($17.888 billion), and…

— Wu Blockchain (@WuBlockchain) August 1, 2024

Analyst Ali Martinez highlighted on X that Solana might be forming a bullish megaphone on the 4-hour chart. The recent correction to the 61.8% Fibonacci level and an oversold RSI indicate that it could be an opportune moment to buy $SOL. Martinez advises setting a stop-loss around $156-$154 and aiming for a take profit between $200-$259.

I know, the dip keeps dipping!

However, #Solana might be forming a bullish megaphone on the 4-hour chart. The recent correction to the 61.8% Fibonacci level and oversold RSI suggest it could be a good time to buy $SOL.

Consider placing your stop-loss around $156-$154 and… pic.twitter.com/ylnaPAf2EV

— Ali (@ali_charts) August 1, 2024

These positive indicators reflect Solana’s robust growth and potential for further gains, making it a compelling option for investors looking to capitalize on its momentum in the crypto 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 Solana’s Key Metrics Show Significant Growth And Bullish Potential appeared first on The Merkle News.

This week has seen a surge in positive commentary on Bitcoin, marking the highest level of bullish sentiment from the crypto community since mid-May.

The prevailing optimism suggests that many believe a $70,000 Bitcoin price is within reach.

🗣️👍 Commentary has been leaning positive toward Bitcoin this week. In fact, this is the highest level of bullish commentary from the crypto crowd since the week of May 15th. The level of optimism from the crowd indicates that many believe $70K BTC is imminent. pic.twitter.com/SQQmEh6M6Q

— Santiment (@santimentfeed) July 31, 2024

On Binance, top traders are seizing the opportunity to buy the Bitcoin dip, with nearly 70% of them going long on $BTC. This indicates a strong belief in Bitcoin’s potential for growth in the near future.

Top traders in @binance are buying the #Bitcoin dip! In fact, nearly 70% of them are going long on $BTC. pic.twitter.com/sMY4glb7yO

— Ali (@ali_charts) August 1, 2024

Significant Movement In The Bitcoin Market To Monitor 

Regarding Bitcoin ETFs, there have been notable movements in the market. On July 31, the Bitcoin spot ETF recorded a total net inflow of $298,900. Grayscale’s ETF GBTC showed no net outflow, while Grayscale’s mini ETF BTC saw a significant net inflow of $17.9954 million. BlackRock’s ETF IBIT attracted an inflow of $20.9892 million, demonstrating investor confidence. Meanwhile, Fidelity’s FBTC experienced a net outflow of $31.57 million.

Bitcoin spot ETF had a total net inflow of $298,900 on July 31, Grayscale ETF GBTC had a net outflow of $0.00, Grayscale mini ETF BTC had a net inflow of $17.9954 million, BlackRock ETF IBIT had inflow of $20.9892 million, and Fidelity FBTC had an outflow of $31.57 million.…

— Wu Blockchain (@WuBlockchain) August 1, 2024

Overall, the current market sentiment and trading behaviors point to a strong bullish outlook for Bitcoin, with both traders and investors showing increased confidence in the cryptocurrency’s future.

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 Optimism Surges: Traders And ETFs Show Strong Bullish Sentiment appeared first on The Merkle News.

In the past 24 hours, the largest holder of $MKR has withdrawn 973 $MKR (valued at $2.76M) from Coinbase Prime.

This marks the whale’s first activity in three months, drawing significant attention in the DeFi community.

The whale now holds an estimated total profit of $64M (+100%) from $MKR, with a total of 45,109 $MKR ($124M) in their possession. The holdings are distributed across two wallets:

– 44,420 $MKR ($122.4M) in wallet “0x14c,” the largest non-team MKR-holding wallet. – 689 $MKR ($1.91M) in wallet “0x78a”.

The largest holder of $MKR withdrew 973 $MKR ($2.76M) from #CoinbasePrime 4 hours ago.

Notably, this is the whale’s first activity in the past 3 months.

The whale now has an est. total profit of $64M (+100%) from $MKR with 45,109 $MKR ($124M) in holding, including:

➡️ 44,420… pic.twitter.com/tWH5dRIC7f

— Spot On Chain (@spotonchain) August 1, 2024

$MKR has emerged as a major player and one of the strongest tokens in the DeFi protocol space, bolstered by the recent Real World Assets (RWA) narrative.

Coinbase Announced Launch Of Perpetual Listing For $MKR

Today, Coinbase announced the launch of DYM-PERP, MKR-PERP, and AAVE-PERP markets, which are now fully trading on Coinbase International Exchange and Coinbase Advanced. Traders can now utilize limit, market, stop, and stop limit orders in these markets.

Our DYM-PERP, MKR-PERP, and AAVE-PERP markets are now in full-trading mode on Coinbase International Exchange and Coinbase Advanced. Limit, market, stop, and stop limit orders are all now available. $DYM $MKR $AAVE pic.twitter.com/ms5Z6YgJLl

— Coinbase International Exchange 🛡️ (@CoinbaseIntExch) August 1, 2024

The whale’s significant withdrawal and the overall activity around $MKR signal strong investor confidence and continued growth in the DeFi space. The introduction of new perpetual markets on Coinbase further enhances $MKR’s trading opportunities, likely contributing to its growing prominence.

As $MKR continues to solidify its position within the DeFi ecosystem, the actions of major holders and the expansion of trading options on platforms like Coinbase will be key indicators of its future performance. With substantial profits and strategic movements by large holders, $MKR’s trajectory in the DeFi space looks promising.

I think a few of these DeFi 1.0 protocols are starting to look interesting. Especially if $ETH starts performing properly.$MKR $LDO $AAVE

1. These projects are well known and got most of their unlocks out of the way. All these coins are trading at a 90%+ Market Cap to Fully…

— Daan Crypto Trades (@DaanCrypto) July 31, 2024

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 Largest $MKR Holder Withdraws $2.76M From Coinbase Prime Amid DeFi Growth appeared first on The Merkle News.

The number of daily active addresses on Ethereum and its leading Layer 2 solutions has skyrocketed by 127% this year.

This significant increase reflects the growing user base, as the metric tracks the number of unique addresses interacting with the network.

Daily active addresses on #Ethereum and leading L2s have increased by 127% this year. This metric measures the number of distinct addresses interacting with the chain, indicating user base growth.

More insights from our report with @CoinbaseInsto → https://t.co/X6fZdScUbq pic.twitter.com/xg5WGaxUiX

— glassnode (@glassnode) August 1, 2024

In a notable move, Ethereum whales have accumulated over 126,000 $ETH in the last 48 hours, equating to approximately $440 million. This surge in accumulation suggests strong confidence in Ethereum’s potential.

Ethereum whales have accumulated over 126,000 $ETH in the last 48 hours, worth approximately $440 million! pic.twitter.com/hwHU0fAcdc

— Ali (@ali_charts) July 31, 2024

Ethereum Spot ETFs Recorded Net Outflow Of $77 Million On July 31

However, the Ethereum spot ETF experienced a net outflow of $77.2111 million on July 31. Similarly, Grayscale’s ETF ETHE saw an outflow of $133 million. Contrarily, Grayscale’s mini ETF ETH reported an inflow of $19.5351 million. Despite these mixed movements, the total net asset value of the Ethereum spot ETF stood at $9.078 billion, representing 2.34% of Ethereum’s total market value.

Ethereum spot ETF had a net outflow of $77.2111 million on July 31, Grayscale ETF ETHE had an outflow of $133 million, Grayscale mini ETF ETH had an inflow of $19.5351 million, and the total net asset value of Ethereum spot ETF was $9.078 billion, accounting for 2.34% of the… pic.twitter.com/LbLW91AIJO

— Wu Blockchain (@WuBlockchain) August 1, 2024

These trends highlight the dynamic nature of Ethereum’s market, with increased activity and significant whale accumulation juxtaposed against varied ETF flows. The overall outlook remains positive as the network continues to grow and attract substantial investment.

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 the past week, the value of $APU has plummeted by nearly 40%. Despite this sharp decline, data from iCrypto reveals that Smart Money investors are actively purchasing $APU.

One notable transaction comes from Wallet 0x6901. Three days ago, this wallet acquired 40 million $APU tokens, valued at approximately $37.56K.

This wallet has a win rate of 57.14% and has previously made significant profits with $APU, amounting to $547K, representing a 112% return.

Currently, $APU is the top holding in this wallet’s portfolio, with a staggering 3.96 billion $APU tokens worth about $2.3 million.

More Notable Whale Wallets Acquire $APU Token

Another significant purchase was made by Wallet 0x9b43. Two days ago, this wallet bought 176.43 million $APU tokens for around $109.73K.

With a win rate of 36.51%, this wallet has also seen success with other tokens, including $PRIME, generating $344K in profits, and $TRUMP, with $173K in gains. Like Wallet 0x6901, $APU is the largest holding in Wallet 0x9b43’s portfolio, totaling 176.43 million $APU tokens, valued at $109.73K.

$APU Update: Smart Money's Accumulation behavior in the past 7D 🤔

Over the past 7 days, $APU has dropped nearly 40%. Despite the significant price decline, Smart Money has been actively buying $APU: https://t.co/zbUfDgw4Nl

Some notable wallets are fully in thread 🧵👇 pic.twitter.com/F2lb5Z0nAO

— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 31, 2024

These transactions highlight a continued confidence in $APU among experienced investors, even amid significant price drops. The substantial holdings of $APU in these wallets suggest a strong belief in the token’s potential for recovery and growth.

As $APU remains the top asset in their portfolios, the actions of these Smart Money wallets could indicate a bullish outlook on the token’s future performance. Investors will be watching closely to see if this buying trend continues and if $APU can rebound from its recent losses.

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 Continues To Buy $APU Despite Recent 40% Drop appeared first on The Merkle News.

Tron ($TRX) has recently outpaced Ethereum ($ETH) in daily transaction volume, recording up to 7 million transactions daily.

This surge highlights Tron’s growing use in areas such as gaming, entertainment, and decentralized applications (DApps). In comparison, Ethereum handles over 1 million transactions per day, underscoring its widespread application in decentralized finance (DeFi), non-fungible tokens (NFTs), and smart contracts.

$ETH has over 1 million transactions per day.This shows its extensive use in DeFi, NFTs, & smart contracts.$TRX however surpasses $ETH with up to 7 million transactions daily.Highlighting its use cases, like gaming, entertainment & DApps.@intotheblockhttps://t.co/3W0VsbW56f pic.twitter.com/oFzCPEwib3

— champagne mami 💕 (@EkponoAkwaowo) July 31, 2024

According to a recent report from Lookonchain, Tron leads the top 10 revenue-generating projects in the cryptocurrency space. Tron generated $1.42 million in revenue within 24 hours and $8.67 million over the past seven days. This impressive performance places Tron at the forefront of revenue generation in the crypto industry.

Solana ($SOL) ranked second in the report, with 24-hour revenue of $940,000 and seven-day revenue of $6.38 million. Despite its robust performance, Solana still trails behind Tron in revenue generation.

Here are the top 10 revenue-generating projects in crypto.#Tron ranked first, with 24-hour revenue of $1.42M and 7-day revenue of $8.67M.#Solana ranked 2nd, with 24-hour revenue of $940K and 7-day revenue of $6.38M. pic.twitter.com/nxpSaXHohK

— Lookonchain (@lookonchain) July 30, 2024

TRON Leads Way In Fee- Generating Protocol In The Space

Further cementing its position, Token Terminal recently reported that Tron is the leading fee-generating protocol in the crypto space, amassing $4.24 million in fees. This significant figure demonstrates Tron’s effectiveness in attracting and maintaining high transaction volumes on its network.

Top 10 most fee generating protocols in crypto:

1. Tron $4.24m2. Jito $3.19m3. Lido Finance $2.95m4. Solana $2.31m5. Ethereum $1.41m6. Uniswap $1.18m7. Aave $1.05m8. Bitcoin $553.21k9. BNB Chain $330.46k10. PancakeSwap $285.81k pic.twitter.com/UwuKD7QPWr

— Token Terminal (@tokenterminal) July 29, 2024

The data reflects Tron’s growing dominance and the increasing trust in its network for various applications. Tron’s ability to handle high transaction volumes efficiently and generate substantial revenue positions it as a formidable player in the blockchain ecosystem.

As Tron continues to expand its use cases and improve its infrastructure, it is likely to maintain and possibly increase its lead in transaction volume and revenue generation. This trend highlights the shifting dynamics in the crypto industry, with newer networks like Tron gaining traction and challenging established players like Ethereum.

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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MANTRA, a security-first RWA Layer 1 blockchain, is revolutionizing the industry by offering a permissionless blockchain tailored for permissioned applications.

It provides built-in modules, SDKs, and APIs, enabling the creation, trading, and management of regulatory-compliant Real World Assets (RWAs).

According to data from IntoTheBlock, an impressive 93% of $OM token holders are currently in profit. This reflects the strong performance and growing confidence in MANTRA’s ecosystem.

The $OM token reached a new all-time high of $1.42 in July, marking an astonishing 4000% increase from its October 2023 low. This surge underscores the token’s exceptional growth and resilience in the market.

Further highlighting its momentum, $OM has emerged as the top gainer among the top 100 tokens on CoinMarketCap over the past 30 days. This remarkable achievement points to increasing investor interest and the robust utility of MANTRA’s platform.

MANTRA is a security-first RWA Layer 1 Blockchain offering a permissionless blockchain for permissioned applications. It features built-in modules, SDKs, and APIs to create, trade, and manage regulatory-compliant Real World Assets.

According to data from @intotheblock, 93% of… pic.twitter.com/lct9gTc2KL

— Slim Daddy◻️𓃵 ₿ (@felixreads) July 30, 2024

MANTRA, Integrating Real World Assets On The Blockchain 

MANTRA’s innovative approach to integrating real-world assets on the blockchain is gaining significant traction. By offering a secure and compliant environment for RWAs, MANTRA is addressing a critical need in the blockchain space. Its permissionless blockchain for permissioned applications allows for greater flexibility and adoption across various industries.

As MANTRA continues to expand its capabilities and ecosystem, the $OM token’s strong performance is a testament to its potential and the growing adoption of its platform. The record-breaking price surge and the high percentage of profitable token holders indicate a positive outlook for MANTRA and its community.

In a rapidly evolving blockchain landscape, MANTRA stands out with its focus on security, compliance, and real-world asset integration, paving the way for a new era of blockchain applications.

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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$NEIRO on Ethereum (@neiro_ethereum) has recently crossed the $100 million market cap milestone, but its growth is heavily influenced by insider control.

A staggering 78% of the supply was sniped at launch and distributed across multiple wallets, making it challenging to trace ownership and profits.

$NEIRO on ETH (@neiro_ethereum) is heavily controlled ⚠️

78% of the supply was sniped at launch and spread out among many wallets.

Insiders already made $4.5M and still own 66% 🧵 ↓ pic.twitter.com/dEwiuE3Gu2

— Bubblemaps (@bubblemaps) July 30, 2024

Insiders have already realized $4.5 million in profits and still control 66% of the supply. On July 27th, 80 addresses simultaneously sniped 77.7% of the supply, with each address limited to holding around 1%.

Instead of selling directly, these insiders spread their tokens across 400 different addresses, ensuring that no single transaction exceeded $3,000. This meticulous distribution strategy complicates the calculation of realized profits.

Looks Like 11% Of $NEIRO Supply Is Sold

Despite these efforts, estimates suggest that 11.7% of the supply has been sold, totaling approximately $4.5 million at an average market cap of $40 million, according to BubbleMaps.

Further insights from iCrypto reveal that Wallet 0xfbe1 might belong to an insider who bought $NEIRO just two hours after its creation. This wallet made a single purchase of $50 for 10 million $NEIRO, which has since surged by 2200% in value. Subsequently, Wallet 0xfbe1 transferred 5 million $NEIRO each to Wallets 0x1935 and 0xb017. These two wallets currently hold a combined total of 10 million $NEIRO, valued at approximately $1.1 million.

From $50 to $1,100,000 in 3 days with $NEIRO

Do you believe Smart Money can do that?

Explore this thread 🧵and watch closely about $NEIRO here: https://t.co/DvSgK6trE4#iCrypto pic.twitter.com/lr3tDhetUZ

— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 31, 2024

The concentrated control and strategic distribution of $NEIRO tokens underscore the significant influence insiders have over its dynamics. As $NEIRO continues to grow, potential investors should be aware of these factors and consider the implications of such heavy insider involvement.

While $NEIRO’s market performance appears impressive, the underlying control mechanisms highlight the importance of transparency and caution in the rapidly evolving crypto landscape.

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 Solana meme token $FWOG recently experienced a dramatic 73% drop after its top three major investors liquidated their positions and took profits.

This significant sell-off caused the token’s value to plummet in a short period, shaking the confidence of many holders.

Among the notable traders, one address, known as Smart Money 5CQD2…psn2j, made headlines with a series of strategic moves. Shortly after $FWOG went online, this trader spent 52.6 SOL (approximately $9,510) to acquire 18.1 million $FWOG tokens at an average cost of just $0.0005251 per token.

Top Whales Sell $FWOG 3 Million Tokens To Liquidate Their Entire Holdings 

In a savvy move, Smart Money 5CQD2…psn2j sold 3 million tokens at $0.0117 each and continued to liquidate their entire holding over the next 15 minutes. This flurry of activity resulted in a remarkable profit of 795.69 SOL, translating to a staggering return rate of 1512%.

Solana Meme 新秀 $FWOG 的 TOP3 大户清仓止盈了，使得代币短时暴跌 73%

聪明钱 5CQD2…psn2j 在上线 20 分钟后花费 52.6 SOL（9510 美金）买入 1810 万枚 FWOG，成本仅 $0.0005251

随后他在 $0.0117 时卖出 300 万枚代币，又在过去 15 分钟内清仓卖出，累计获利 795.69 枚 SOL，回报率达 1512%⚡️ pic.twitter.com/ZtE1OqAYA2

— Ai 姨 (@ai_9684xtpa) July 30, 2024

This trader, often referred to as the “Frog Prince” due to his extensive trading in frog-themed tokens, didn’t stop at $FWOG. He has also been active in other frog series tokens such as FLOG2, flog, REALFLOG, and FAOG.

Furthermore, this address demonstrated impressive gains with the token NEIRO, where they made a floating profit of $390,000, boasting a return rate of 2410%. The overall winning rate for this address stands at an impressive 62.07%.

除 FWOG 外，他还陆续交易了 FLOG2 / flog / REALFLOG / FAOG 等青蛙系列代币，你甚至不愿意叫他一声「青蛙王子」🤣

值得一提的是，该地址在 NEIRO 上也浮盈了 39 万美金，回报率高达 2410%，地址总胜率达到了 62.07%👀

钱包地址 https://t.co/G7X5fe2Wfv pic.twitter.com/qsWHb1C2cm

— Ai 姨 (@ai_9684xtpa) July 30, 2024

The recent activity surrounding $FWOG highlights the volatile nature of meme tokens and the significant impact that major investors can have on their value. As the market continues to evolve, traders like Smart Money 5CQD2…psn2j showcase the potential for substantial gains, albeit with high risks.

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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Recent data from @santimentfeed highlights Litecoin’s prominent position in the cryptocurrency world, particularly regarding the number of non-empty wallets.

This trend underscores strong investor trust and the stability of LTC.

Litecoin continues to stand out in the cryptocurrency world, particularly in terms of the number of non-empty wallets, indicating strong investor trust and stability. Source, recent data from @santimentfeed. pic.twitter.com/QVU4QNC95X

— Litecoin (@litecoin) July 29, 2024

Litecoin, designed as a deflationary currency, has a block halving event scheduled for exactly three years from now, further emphasizing its long-term value proposition.

Litecoin was designed as a deflationary currency. LTC's block halving event will take place in exactly three years. $LTC #Halving pic.twitter.com/IwtlD3xTiK

— Litecoin (@litecoin) July 30, 2024

A significant announcement at the Litecoin Summit 2024 in Nashville has further bolstered confidence in Litecoin. Charlie Lee, the creator of Litecoin, revealed his commitment to match donations to the Litecoin Foundation and its development efforts for the next five years.

This pledge means up to $250,000 per year will be injected into the Foundation and Litecoin development, providing substantial financial support.

JUST ANNOUNCED: @SatoshiLite will be injecting up to $250k per year into the Foundation and Litecoin development!! https://t.co/E3wn2Oywae

— Litecoin (@litecoin) July 29, 2024

This move by Charlie Lee is expected to enhance the foundation’s capabilities and foster further innovation within the Litecoin ecosystem. The commitment to match donations underscores Lee’s ongoing dedication to Litecoin and its community.

As Litecoin continues to grow and strengthen its position, these developments are likely to attract more investors and enhance its reputation in the cryptocurrency market.

The combination of strong investor confidence, as evidenced by the number of non-empty wallets, and substantial financial backing from its creator positions Litecoin for a promising future.

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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Compound Finance is experiencing a surge in on-chain and network activity despite being embroiled in controversy. Recent data shows that whale transactions, on-chain volume, and token circulation are at or near year-high levels.

The Compound community’s trust in the project has been shaken by several questionably passed initiatives following sparse voting. The situation has sparked widespread discussion, with informative posts like those from @DefiIgnas contributing to the heightened on-chain activity, as reported by Santimentfeed.

🤯 Following a sparse amount of voting that resulted in several questionably passed initiatives, the Compound community's trust in the project has been waning. With a massive increase in discussion due to informative posts like this one from @DefiIgnas, our metrics indicate that… https://t.co/IlL5ZvUMpV pic.twitter.com/kEsYzNba4I

— Santiment (@santimentfeed) July 29, 2024

Metrics such as whale transactions and circulation continue to appear polarizing, leading to volatile prices while the story remains at the forefront of the COMP and altcoin communities.

DefiIgnas reports that Compound Finance suffered a setback due to a lack of care. An initial proposal to grant 92k $COMP was submitted without prior discussion, but Compound’s security advisor, @LewellenMichael, flagged it. Despite the warning, the DAO forum received only six comments. Notably, @MonetSupply and Wintermute were among the few who expressed concern.

Compound Finance got DAO REKT because they just don't seem to care.

Here’s how absurd the process was:

An initial proposal to grant 92k $COMP was submitted without prior discussion. Thankfully, Compound's security advisor @LewellenMichael spotted it.

Despite glaring red flags,… pic.twitter.com/LKXphGQVZ3

— Ignas | DeFi (@DefiIgnas) July 29, 2024

The proposer, Humpy, acknowledged the criticism and canceled the first proposal. However, the second proposal also received minimal engagement, with just four comments, and ultimately failed. The situation escalated when Humpy submitted a third proposal, increasing the requested $COMP amount from 92k to 499k. This proposal passed with only 57 addresses casting votes.

Typically, around 20 addresses participate in DAO votes, and proposal discussions in the forum attract little engagement. For example, a contentious plan to launch a USDT market on Compound III quietly passed in July.

Most proposals in Compound DAO originate from Gauntlet, which effectively runs the DAO as it receives payment for its services. This arrangement has led to minimal interest from others, including the Compound team, which has ceased tweeting.

As Compound navigates this period of heightened activity and internal strife, the project’s future remains uncertain amidst these challenges.

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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$MOG has experienced a significant uptick, rising over 13% in the past 24 hours.

This surge is accompanied by substantial accumulation from several Smart Dex Traders, highlighting increased confidence in the token.

Wallet 0xe99b recently bought 57.17 billion $MOG, valued at $117.56K, four hours ago. This wallet has previously earned over $1.16 million in profits with $MOG, making it the top holding in its portfolio.

Similarly, wallet 0x9aa0 acquired 40.65 billion $MOG for $82.70K just four hours ago. Known for impressive trades in $GPU (633% gain) and $AIUS (468% gain), this wallet also bought 43.21 billion $MOG for $82.51K eleven hours earlier. It now holds a total of 143.62 billion $MOG, worth approximately $300K.

More Top Whales Acquires $MOG As Bullish Sentiment Grows

Thirteen hours ago, wallet 0x67d2, also known as Cevap.eth, purchased 56.87 billion $MOG for $106.26K. This wallet has a solid trading history with $TRUMP (287% gain) and $BLUR (102% gain), and previously made $808K in profits with $MOG. It now holds a massive 806.87 billion $MOG, valued at $1.6 million.

$MOG has increased by more than 13% in the past 24 hours 😎

At the same time, many Smart Dex Traders have been continuously accumulating $MOG. Before going to the next 4 smart wallets, check about $Mog first: https://t.co/6PXm6BUWta

Below is latest action of 4 Smart Money 🧵 pic.twitter.com/B1gNhG3c2X

— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 30, 2024

Additionally, a new Smart Dex Trader, wallet 0xb385, with a 45% win rate, entered the market by buying 34.61 billion $MOG for $66.67K six hours ago.

These strategic moves by experienced traders indicate a strong belief in $MOG’s potential. As more Smart Dex Traders continue to accumulate $MOG, the token’s recent performance suggests it could see further gains in the near future.

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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$WHY, a popular meme coin on the Binance Smart Chain (BSC), has experienced a phenomenal surge of over 2900% since its listing in early May.

The coin saw a significant boost when BNB Chain announced the BNB Incubator Alliance at the Bitcoin 2024 Conference in Nashville, causing $WHY’s price to double in the days following the announcement.

Trading activity on Smart DEX Traders peaked between the 18th and 20th of the month, followed by profit-taking from long-term holders identified as “Smart Traders.” A robust buy-back phase was observed on the 26th, though this activity has recently started to taper off.

Some Notable Large $WHY Transaction To Monitor 

In the past 24 hours, there has been notable buying activity from smart dex wallets. Wallet 0x92fb8 purchased $50.2K worth of $WHY, having previously profited $30.1K, reflecting a 10% gain on their holdings. Similarly, wallet 0xa554 acquired an additional $39K worth of $WHY, after previously earning $40.9K in profits, representing a 13.1% gain on their holdings.

🐘 Update on $WHY on July 30, 2024 (Stay tuned for real-time update on $WHY: https://t.co/P8ATIZuZCI)$WHY, a popular meme coin on the #BSC ecosystem has surged over 2900% since its early May listing. When @BNBCHAIN announced the BNB Incubator Alliance at the… pic.twitter.com/09WjqtnALv

— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 30, 2024

These recent purchases by experienced traders suggest continued confidence in the potential of $WHY. As trading volume on Smart DEX Traders remains significant, all eyes are on how $WHY will perform in the coming days, especially with its recent history of sharp price movements and substantial gains.

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 $WHY Meme Coin Soars 2900% On BSC Ecosystem appeared first on The Merkle News.

A significant deposit of $ZIG tokens has been detected in the CEX Flows section, raising eyebrows in the crypto community.

A wallet, identified as 0x905d, transferred 22 million $ZIG tokens, valued at approximately $3.08 million, to the Bybit exchange within the past 24 hours.

The 0x905d wallet is suspected to belong to an insider. On July 26, 2023, this wallet received 92.68 million $ZIG at an average price of $0.0056 per token. This amount represents about 4.8% of the total supply of $ZIG, indicating a substantial holding.

$ZIG Price Reacts Following Recent Token Movements 

Following this massive deposit, the price of $ZIG has been on a steady decline. Since the time of the deposit, $ZIG’s price has dropped by over 4.3%, suggesting market reactions to potential sell-off concerns. The substantial deposit volume from wallet 0x905d appears to signal profit-taking activities.

@zignaly | $ZIG

In the CEX Flows section for $ZIG, we discovered a very large deposit volume.

After filtering, we found that wallet 0x905d deposited 22M $ZIG ($3.08M) onto #Bybit within the past 24 hours.

His wallet: https://t.co/ZuqGJ7stwp

About $ZIG: https://t.co/BDZMVgfSqT pic.twitter.com/hgnjNzKTo7

— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) July 29, 2024

If the 0x905d wallet proceeds to sell the entire 22 million $ZIG deposited on Bybit, it stands to make a profit exceeding 2400%, given the average acquisition price. This potential sell-off could further impact $ZIG’s price and market sentiment.

As of now, the wallet still holds a significant portion of $ZIG. Specifically, it retains 70.73 million $ZIG, valued at approximately $9.65 million, which is equivalent to 3.54% of the total supply of $ZIG. The market is closely watching this whale’s movements, as any further actions could significantly influence $ZIG’s price dynamics.

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 August, the cryptocurrency market is set to see the unlocking of nearly $1.5 billion worth of tokens. This includes a significant release of 1 billion $XRP tokens, valued at $609 million, by Ripple on August 1.

Additionally, Avalanche (AVAX) and Wormhole are scheduled to unlock a combined $449 million, with Wormhole releasing 600 million tokens valued at $180.5 million on August 3.

🔔 #Crypto Projects to Unlock Nearly $1.5 Billion in Tokens in August, Including $609 Million in $XRP !

In August, nearly $1.5 billion in crypto tokens will be unlocked. This includes 1 billion $XRP tokens worth $609 million on August 1, released by @Ripple. @avax and @wormhole… pic.twitter.com/0b5IIzL0Y9

— Altcoin Alerts (@Altcoin_Alerts) July 29, 2024

According to CryptoRank, the following tokens will experience the largest unlock amounts next week:

– AltLayer: $90.28 million – Sui: $62.64 million – Optimism: $54.72 million – ZetaChain: $35.41 million – Worldcoin: $11.70 million – Maverick Protocol: $10.76 million – dYdX: $10.70 million

🔓 Top 7 Token Unlocks of the Upcoming Week

The following tokens with the largest unlock amount will be unlocked next week:

AltLayer – $90.28MSui – $62.64MOptimism – $54.72MZetaChain – $35.41MWorldcoin – $11.70MMaverick Protocol – $10.76MdYdX – $10.70M pic.twitter.com/VRFacCh8XY

— CryptoRank.io (@CryptoRank_io) July 28, 2024

Further Details Provided On The Upcoming Token Unlocks

Data from BSCN provides further details on upcoming token unlocks:

July 30: 2.41% of $TORN supply – $227,000 – July 31: 1.75% of $PRIME supply – $5.7 million – July 31: 2.79% of $OP supply – $53.6 million – July 31: 0.5% of $MANTA supply – $1.82 million – August 1: 3.65% of $DYDX supply – $10.7 million – August 1: 2.56% of $SUI supply – $49.1 million – August 1: 18.92% of $ZETA supply – $32.9 million – August 2: 3.52% of $GAL supply – $12.6 million – August 3: 33.33% of $W supply – $174.1 million – August 4: 0.87% of $ENA supply – $6.75 million – August 5: 14.25% of $MODE supply – $4.32 million

ALPHA WATCHLIST – POTENTIAL PRICE TRIGGERS THIS WEEK

Token Unlocks:[July 30] 2.41% of $TORN supply – $227K[July 31] 1.75% of $PRIME supply – $5.7M[July 31] 2.79% of $OP supply – $53.6M[July 31] 0.5% of $MANTA supply – $1.82M[Aug 1] 3.65% of $DYDX supply – $10.7M[Aug 1]… pic.twitter.com/azd92p6XDk

— BSCN (@BSCNews) July 28, 2024

These token unlocks are closely watched by investors as they can significantly impact the market dynamics, potentially influencing the prices of the respective cryptocurrencies.

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 price of Bitcoin has surged back above $63,500, surpassing the average realized price for short-term investors.

This bullish momentum is bolstered by substantial inflows into digital asset investment products.

#Bitcoin Bounces Back: Key Indicators Point to Continued Growth

“The price of Bitcoin has returned above $63,500, which is above the average realized price (purchase price) for short-term investors.” – By @IT_Tech_PL

Explore the key points 👇https://t.co/HvQXzPgws1 pic.twitter.com/pc5KRrwSej

— CryptoQuant.com (@cryptoquant_com) July 29, 2024

CoinShares reports that these products saw $245 million in inflows last week, including a remarkable $519 million in Bitcoin alone. This brings Bitcoin’s inflows for the month to $3.6 billion and its year-to-date inflows to a record $19 billion. In contrast, Ethereum experienced a net outflow of $285 million.

According to CoinShares, digital asset investment products saw $245 million in inflows last week, including $519 million in Bitcoin, bringing its inflows so far this month to $3.6 billion and its year-to-date inflows to a record $19 billion. Ethereum saw a net outflow of $285…

— Wu Blockchain (@WuBlockchain) July 29, 2024

According to Intotheblock, almost all Bitcoin holders are now in profit as $BTC steadily approaches its all-time high. Despite this, the TD Sequential indicator has presented a sell signal on the Bitcoin hourly chart, suggesting a brief correction could occur before the uptrend continues.

The TD Sequential presents a sell signal on the #Bitcoin hourly chart, anticipating a brief correction before the continuation of the $BTC uptrend. pic.twitter.com/g6MwWBQAl6

— Ali (@ali_charts) July 29, 2024

Over Half Of Accounts With Open Position Shorts Bitcoin

Interestingly, 55% of accounts with open Bitcoin positions on Binance Futures are currently shorting Bitcoin. If $BTC surges to $70,356, approximately $74.83 million in short positions would be liquidated.

55% of accounts with open $BTC positions in #Binance Futures are currently shorting #Bitcoin! pic.twitter.com/yGNbaJiwXR

— Ali (@ali_charts) July 29, 2024

A lot of people are shorting #Bitcoin. So, $74.83 million will be liquidated if $BTC surges to $70,356! pic.twitter.com/6Vi1BqQ39n

— Ali (@ali_charts) July 29, 2024

Data from Spotonchain indicates that Bitcoin could see significant price movements in the near future. Projections suggest that $BTC could reach $100,000 in the latter half of 2024 and potentially hit $150,000 in the first half of 2025.

✅✅ Similar to what we predicted in April, the #Bitcoin price had dipped to as low as $54.7K and is now rebounding to $70K in this turbulent July.

In the upcoming months, we expect some significant movements in the price of $BTC, which potentially reaches $100K in the latter… https://t.co/lie8sHEtS4 pic.twitter.com/NEChnh6DmX

— Spot On Chain (@spotonchain) July 29, 2024

With Bitcoin’s price climbing and substantial inflows from investors, the outlook remains positive despite potential short-term corrections. The market sentiment suggests continued growth, with significant milestones anticipated in the coming years.

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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