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🔥 114 Billion PEPE Trader's Surprising Ethereum Shift; Here's Why In a dramatic turn of events, a PEPE trader has capitulated, selling all of his 114.7 billion PEPE tokens for 366.5 ETH, worth approximately $1.27 million. According to Lookonchain, the trader initially purchased the 114.7 billion PEPE tokens on May 14 and May 15 for $0.000011 per token, totaling $1.27 million. This entry point seemed promising as the PEPE was gaining traction and attracting considerable interest within the crypto market. PEPE would later surge to all-time highs of $0.00001718 about 14 days later. 💬 This PEPE trader capitulated and sold all 114.7B $PEPE for 366.5 ETH($1.27M) at a breakeven price.He bought 114.7B PEPE($1.27M) at $0.000011 on May 14 and May 15.The price of PEPE broke through $0.000017 on May 27, at which time his profit was $670K(+50%), but he did not… — Lookonchain On May 27, the price of PEPE surged, breaking through the $0.000017 mark. At this peak, the trader's holdings were valued at $1.94 million, presenting a potential profit of $670,000, or 50% gains. Despite the substantial gain, the trader chose not to sell, possibly holding onto the tokens in anticipation of further price increases, which proved costly. However, the market took an unfavorable turn as PEPE's price began to decline. The downward trend continued, and the value of PEPE fell below the trader's breakeven point of $0.000011. Facing the sustained drop in PEPE's price, the trader ultimately decided to sell all 114.7 billion tokens. The sale was made at a breakeven price, yielding 366.5 ETH, nearly equivalent to his initial investment of $1.27 million. Although the trader did not incur a financial loss, the missed opportunity for a substantial profit underscores the significance of timing the market perfectly. More often than not, market timing has been found to significantly impact trading outcomes. $PEPE $ETH #PEPE #ETH

🔹 Ethereum ETF Will Launch on July 2 Bloomberg analyst Eric Balchunas has revised the expected launch date for the long-awaited Ethereum spot ETF to July 2. The change comes after recent comments from SEC staff to issuers of S-1 filings, which said the process was going well and there were only a few comments that could be resolved within a week. 📊 Data from IntoTheBlock shows that ETH has relatively strong support just below the $3,400 level. The demand zone between $3,266 and $3,371, where approximately $1.36 million of ETH was previously purchased by approximately 2.86 million addresses, has the potential to absorb any selling pressure. $ETH #ETH #ETF #Ethereum

🇺🇸 Donald Trump says he will "end Joe Biden's war on crypto, and ensure that the future of crypto and the future of Bitcoin will be made in America."

📈 Notcoin surges 11%, nearly flips VET, MKR and OP Notcoin (NOT) has surged more than 11% in the past 24 hours, breaking above $0.021 as bulls hit a two-week high. The Telegram-based game token’s price is likely to rally further amid fresh momentum for the related Toncoin (TON) coin, which hit a new all-time high on Friday to push 100% of addresses into profitability. After surging double-digits, Notcoin’s market cap has reached $1.9 billion, ranking the recently launched coin of the viral tap-to-earn game 49th among largest cryptocurrencies by market cap. In comparison, VeChain (VET), Maker (MKR) and Optimism (OP) have all declined over the past 24 hours, dropping by 6%, 2% and 7% respectively. With NOT signaling the potential for more gains, it’s possible that Notcoin flips VET, MKR and OP by market cap. All three coins have a market cap of just over $2 billion according to data from CoinMarketCap. Notcoin’s 24-hour trading volume of $1.2 billion only lags that of Bitcoin, Ethereum, BNB, Solana and stablecoins USDT, USDC and FDUSD. NOT price rose to an all-time high of $0.028 on June 2, although it retreated to $0.019 amid downside pressure across the broader crypto market. 🔸 Notcoin’s surge amid new Tap2Earn trend The latest uptick in price for Notcoin comes as the industry witnesses a spike in “Tap2Earn” and related tokens. Currently, the top trending options include Hamster Kombat and Yescoin. For Notcoin, the biggest pull is its first mover advantage in the Telegram ecosystem. Growth for The Open Network (TON) in the past few months has also reflected in Notcoin, with Telegram’s 900 million user base and increasing support for crypto on the platform fueling interest and growth. Metrics such as daily active addresses for TON have risen sharply in the past three months. This trajectory is likely to drive similar trends for Notcoin, which is looking beyond Tap2Earn for growth. $NOT #NOT #NotCoin

📉 3 reasons why $65K marks the bottom for Bitcoin Despite testing the $65,000 support on June 14, Bitcoin hasn't closed below $66,000 since May 17. While BTC was unable to break above the $72,000 resistance during this four-week period, some events have improved regulatory sentiment and highlighted how little room the U.S. central bank has left to maneuver without triggering inflation. Favorable market conditions and resilience in Bitcoin derivatives metrics indicate that the downside is extremely limited. 🔸 Washington is slowly turning more favorable to crypto On May 16, U.S. lawmakers passed a Congressional Review Act to explore a Securities and Exchange Commission (SEC) rule that requires listed companies, including banks, to record crypto assets as both assets and liabilities on the balance sheet. According to Senator Cynthia Lummis, this vote was a milestone as it was the first “standalone crypto legislation” passed by Congress. The resolution was eventually vetoed by President Joe Biden, but the defiance from Democrats demonstrates the “growing number” and “rising influence of crypto participants" in U.S. politics, according to Craig Warmke, a Bitcoin Policy Institute fellow. While Biden’s veto presents a challenge, both chambers of Congress would need a two-thirds majority to overrule it. The banking sector has an economic incentive to offer custody services for cryptocurrencies, as banks also want their share of the ongoing crypto adoption. Daniel McCabe, chief compliance officer of Flexa, believes that “pro-crypto lobbies and the banking industry could absolutely have an effect.” Perianne Boring, founder and CEO of the blockchain trade association Digital Chamber, described the Democrats’ support as a “watershed moment" for the Biden administration. Boring claimed that Schumer’s support is turning tides favorably for crypto in Washington. Essentially, Biden will have to assess if it’s worth vetoing the H.J.Res. 109 as it could risk opening an inner conflict in the Democratic party. $BTC #BTC #bitcoin

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