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BEERCOIN Faces Bearish Wave After $1.08M Whale Dump BEERCOIN (BEER) has recently witnessed a significant market event with a notable whale transaction that has stirred considerable interest among cryptocurrency investors. As highlighted by Lookonchain, an onchain analytic firm, a large holder of BEER dumped a substantial amount, totaling 5 billion BEER tokens for $1.08 million in SOL (Solana). This transaction comes amidst a broader downtrend in BEER's price, which has seen a sharp 30.98% decline over the last day alone. This downward trend started from $0.0003082, underscoring the bearish sentiment prevailing in the market. Such movements highlight the susceptibility of altcoins to rapid price shifts influenced by large-scale transactions. #beercoin #beer #BinanceTournament #AirdropGuide #BTCFOMCWatch

BEERCOIN Faces Bearish Wave After $1.08M Whale Dump

BEERCOIN (BEER) has recently witnessed a significant market event with a notable whale transaction that has stirred considerable interest among cryptocurrency investors. As highlighted by Lookonchain, an onchain analytic firm, a large holder of BEER dumped a substantial amount, totaling 5 billion BEER tokens for $1.08 million in SOL (Solana). This transaction comes amidst a broader downtrend in BEER's price, which has seen a sharp 30.98% decline over the last day alone.

This downward trend started from $0.0003082, underscoring the bearish sentiment prevailing in the market. Such movements highlight the susceptibility of altcoins to rapid price shifts influenced by large-scale transactions.

#beercoin #beer #BinanceTournament #AirdropGuide #BTCFOMCWatch

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Sonic Raises $12M To Energize Solana's Nascent GameFi Sector Sonic, built by the GameFi developer Mirror World Labs, is betting on its ability to accelerate Solana's presence in the gaming space through its modular Solana Virtual machine chain. It's designed to support autonomous and self-governing game tokenomics within the Solana ecosystem, with infrastructure that supports the creation of "game-specific rollups" to ensure blazing-fast transactions. Solana has emerged as one of the most successful blockchains after Bitcoin and Ethereum, thanks to its retail-friendly nature and its simplified onboarding. Its platform hosts some of the best known crypto projects around, including DeFi services such as Raydium and Solend, NFT marketplaces like Magic Eden and the decentralized music-streaming platform Audius. However, if there's one area where Solana has struggled to gain impressive traction, it's the GameFi industry, where many developers instead have opted to build on game-oriented blockchain infrastructures such as Immutable X and Oasys. By building a dedicated SVM infrastructure layer for gaming on top of Solana, Sonic aims to change that. With its protocol, games developers have the ability to quickly build and deploy their own SVM chains. #sonic #SolanaUSTD #solanAnalysis #BinanceTournament #AirdropGuide
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Terra Price Prediction The Terra ecosystem has suffered a tremendous crash that many fear the token may not recover from. In May 2022, Terraform Labs’ UST stablecoin depegged significantly, with about half a trillion US dollars from the crypto market. In response, the company liquidated their BTC holdings to restabilize the coin. Fast-forward to June 2024, and LUNA is trading at a DeFi coin price of $0.5007, over a 97% dip from its all-time high of $19.54. The token has been in a year-long decline, recording 14.7% and 15.3% losses on its monthly and yearly charts. The current market conditions hint at the bears maintaining control of the coin as investors’ scepticism for its survival mounts. Its 24-hour chart highlights a $0.4798 low and a $0.5323 high, showing high fluctuation levels.TerraForms’ CEO, Chris Amani, has announced that the company will dissolve and hand over Terra blockchain operations to the community. This comes after accepting a $4.47 billion settlement with the SEC despite having only $75 million in assets. The settlement includes a $3.58 billion disgorgement and a $420 million civil penalty. Although LUNA’s market cap is declining by 5%, its 24-hour trading volume is up 6% at $384,124,672 and $32,812,824, respectively, showing that all hope is not lost for the token. Investors seeking the best coin to invest in have not lost sight of LUNA’s potential following Do Kwon and TerraForm’s exit. The token is up 22.51% from its $0.3783 all-time low. #TerraLabs #terraClassicLunc #TerraClassicRising #BinanceTournament #BTCFOMCWatch
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