A newly created wallet, suspected of insider trading, recently spent 1,363 $SOL (approximately $188,000) to acquire 52.09 million $DJT tokens just before news broke about the launch of Donald Trump’s official token, $DJT, on the Solana blockchain.

Following the announcement, the same wallet withdrew an additional 1,000 $SOL (about $138,000) from Binance to purchase another 6.62 million $DJT tokens.

Currently, this wallet holds 58.71 million $DJT tokens, valued at $1.56 million, making it the third-largest holder of $DJT. The significant acquisitions prior to the public announcement suggest potential insider knowledge.

Note that a fresh wallet(maybe an insider) spent 1,363 $SOL($188K) to buy 52.09M $DJT before the news that Trump is launching an official token — $DJT on Solana.

After the news, he withdrew another 1,000 $SOL($138K) from #Binance to buy 6.62M $DJT.

He currently holds 58.71M… pic.twitter.com/WaSEfUrXBh

— Lookonchain (@lookonchain) June 18, 2024

In another case of astute trading, a wallet identified as 5Ffhy…R5msK demonstrated impressive market timing. Over three days, this trader bought low and sold high, realizing a profit of more than 33 times the initial investment.

On June 16, they purchased 11.15 million $DJT tokens at an average price of $0.001005, spending 74.69 $SOL (around $11,000). They then sold all holdings at $0.03468 just three hours ago, securing a profit of $370,000, with a return rate of 3349%.

https://x.com/ai_9684xtpa/status/1802983707021832528?t=9X7DhDJzPso141uoRlDoOg&s=19

Trader Lost Over $341,427 In A Single $DJT Trade

Conversely, not all trades were successful. Another trader spent 2,500 $SOL (approximately $342,100) to buy 91,705.6 $DJT tokens. Unfortunately, when they sold, they received only 4.91 $SOL (about $673) back, resulting in a staggering loss of $341,427 in less than one minute.

What a sad story!

This guy spent 2,500 $SOL($342.1K) to buy 91,705.6 $DJT but only got 4.91 $SOL($673) back when he sold it.

He lost $341.4K in less than 1 minute!https://t.co/jrL0ZGa76Dhttps://t.co/qICy7GZfmj pic.twitter.com/olr78X8snp

— Lookonchain (@lookonchain) June 18, 2024

These incidents highlight the volatile nature of the $DJT token market following the launch announcement. While some traders have capitalized on the token’s rapid price movements, others have faced significant losses.

The suspected insider trading activity and subsequent market fluctuations underscore the risks and potential rewards in the rapidly evolving cryptocurrency landscape. As the market continues to react to the launch of $DJT, traders and investors will be closely monitoring further developments.

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

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

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The price of BeerCoin ($BEER) has plummeted over 60% today, as a wallet linked to the BeerCoin team offloaded significant holdings.

This wallet, which received 8.88 billion $BEER from the BeerCoin team wallet “8VY4LF…fDd5G2”, sold 8.7 billion $BEER for $1 million over the past two days.

Another wallet related to the #beercoin team is selling $BEER and the price of $BEER has dropped more than 60% today!

This wallet received 8.88B $BEER from the #beercoin team wallet "8VY4LF…fDd5G2", and sold 8.7B $BEER for $1M in the past 2 days.https://t.co/E105MTcVSM pic.twitter.com/zI9BpycMyH

— Lookonchain (@lookonchain) June 18, 2024

In a recent announcement on X (formerly Twitter), the BeerCoin team revealed that they have been closely monitoring the wallets of all major partners and key opinion leaders (KOLs) who had previously received $BEER allocations. The on-chain analytics indicated that 95% of these allocations have been fully sold during the recent market panic, exacerbating the price decline.

https://twitter.com/beercoinmeme/status/1803035385074688227?t=NJd8K6B4rYLr3gDzU1twXA&s=19

Investor’s Confidence On $BEER Gets Shaken Due To The Massive Selloff 

The sudden sell-off by the team-linked wallet and the mass liquidation by partners and KOLs have shaken investor confidence. The BeerCoin team’s tracking efforts underscore their concerns about the stability of $BEER’s market, but it has not been enough to prevent the sharp drop in value.

This massive sell-off and subsequent price drop highlight the volatile nature of cryptocurrency markets, especially for tokens with concentrated holdings. The BeerCoin team’s announcement and tracking efforts aim to restore some level of transparency, but the damage to $BEER’s market perception may take time to repair.

As BeerCoin struggles with this significant price drop, investors and market watchers will be looking for signs of stabilization or further volatility. The actions of large holders and the team’s response will be critical in determining the future trajectory of $BEER.

The recent events serve as a reminder of the risks associated with cryptocurrencies, where market sentiment can shift rapidly due to large transactions and the actions of influential stakeholders. The BeerCoin community will be closely monitoring the situation as they navigate through this period of uncertainty.

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

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

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A long-dormant whale has resurfaced, moving 118,090 QNT, valued at $9.76 million, to Kraken. This address, which accumulated a large amount of QNT six years ago, remained inactive during the 2021 uptrend.

It only became active this month and still holds a substantial 200,000 QNT, approximately valued at $16.53 million.

Inactive for Six Years, whale moves 118.09K $QNT ($9.76M) to Kraken, missing $130M Profit.

Six years ago, the address accumulated 326K $QNT, valued at just $200K at the time, and remained inactive for 6 years.

It notably missed the 2021 uptrend, which could have brought its… pic.twitter.com/p1r3jllUj6

— Spot On Chain (@spotonchain) June 17, 2024

In addition to the whale’s activity, three relatively new wallets, all created within the last three weeks, have been transacting significant amounts of QNT. Each of these wallets has transacted 1,001 QNT, worth $80,000, within the past hour.

🧿💥 $QNT 3 fairly new wallets (created in the last 3 weeks) all holding similar amounts transact 1001 QNT – $80k (last 1 hour).

All 3 private wallets now hold 10k+ QNT value $800k+.

Licence lock-up wallets in my opinion. 🤔 pic.twitter.com/lHy2YTfVMn

— Mind Crypto 🍥 (@MindCrypto_) June 17, 2024

The Three Wallets Now Hold Over 10,000 QNT Each

Currently, all three wallets hold over 10,000 QNT each, with a combined value exceeding $800,000. The whale’s sudden movement and the activity in the new wallets suggest a potential shift in QNT’s market dynamics. The reactivation of such a significant amount of QNT could influence market sentiment and price action, especially given the whale’s sizable holdings. The new wallets’ transactions indicate increased interest and potentially coordinated buying, which might impact the token’s liquidity and volatility.

These developments come at a time when QNT’s market performance is closely watched by investors. The reactivation of dormant holdings and the emergence of new, significant wallets could signal underlying market trends or strategic positioning by large players.

Market participants will be keen to observe how these activities unfold and their potential impact on QNT’s price and trading volume.

The interplay between the whale’s actions and the new wallets’ transactions will likely shape QNT’s short-term market narrative, prompting both caution and speculation among traders and investors.

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

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

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The post Dormant Whale Moves $9.76M In QNT To Kraken, New Wallets Show Activity appeared first on The Merkle News.

Wallets holding 10 or more Bitcoin have collectively reached their highest level of holdings since two years ago. This milestone comes in the wake of significant changes in the cryptocurrency market, including a remarkable 226% increase in Bitcoin’s market value.

Speculation abounds that FTX was actively suppressing cryptocurrency prices in the second half of 2022.

However, since the exchange’s collapse in November 2022, there has been a notable correlation between the holdings of wallets with 10 or more BTC and Bitcoin’s overall market value. This suggests that larger investors are playing a significant role in the current market dynamics.

🐳 Wallets holding 10 or more Bitcoin have collectively just matched their same level of holdings from exactly 2 years ago. Much has changed since then, including a rise in Bitcoin's market value by +226%.

Many believe that FTX was successfully suppressing cryptocurrency prices… pic.twitter.com/O90gxrKy8N

— Santiment (@santimentfeed) June 17, 2024

Coinbase remains a dominant force in the Bitcoin ecosystem. The exchange and its custody service collectively hold substantial portions of Bitcoin. Coinbase Exchange is estimated to hold 270,000 BTC, while Coinbase Custody holds approximately 569,000 BTC.

This substantial aggregate underscores Coinbase’s pivotal role in both exchange balances and the US Spot ETF market via its custody service.

Coinbase as an entity holds a vast fraction of both aggregate exchange balances, as well the US Spot ETF balances via its custody service.

The Coinbase Exchange and Coinbase Custody entities currently hold an estimated 270k and 569k BTC respectively. pic.twitter.com/TSdL2kPDV8

— glassnode (@glassnode) June 17, 2024

Liquidation Figure If Bitcoin Pumps Over $67,500

Currently, Bitcoin is trading in the range of $65,000 to $66,000. If Bitcoin’s price surges to $67,450, it is projected that roughly $19.50 million will be liquidated on Binance alone. This potential liquidation could trigger significant market movements, reflecting the volatile nature of the cryptocurrency market.

Roughly $19.50 million will be liquidated in @binance alone if #Bitcoin surges to $67,450! pic.twitter.com/zb0t5aynvw

— Ali (@ali_charts) June 17, 2024

The resurgence in large Bitcoin holdings, coupled with Coinbase’s significant custodial role, highlights the evolving landscape of cryptocurrency investment. As the market continues to adapt to these changes, the actions of major holders and exchanges will likely play a crucial role in shaping Bitcoin’s future trajectory.

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

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

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There is no doubt Big Daddy Bitcoin is the most significant market driver, but when it comes to sheer profit, the altcoins are where it’s at! In the last 5 years, every single top-10 coin – apart from XRP – outpaced Bitcoin, with several 100x cryptos coming onto the market.

As sure as night follows day, when bitcoin halves, there will be an altcoin rally on the way.   Ondo and Stacks are two undervalued altcoins spurring on the altcoin rally, while investors are looking at Raboo for an explosive 100x growth once it hits the open markets.

Ondo Finance (ONDO): From presale to Profit: Ondo delivers 100x To Early Adopters

Never underestimate the power of presales, and Ondo Finance (ONDO) gives us a glimpse into what is possible when investors make use of ICOs and presales. Ondo Finance entered its first round of seed funding in 2021, which was priced at $0.013. Today, Ondo is trading at 1.26, a mere percentage points below its ATH. Ondo returned 106x since its presale offer, and the altcoin rally season will only push Ondo finance further.  

A 100x crypto is seen as the holy grail, a mythical unobtainable token that comes along once in a lifetime. However, when examining the markets and presale offers, 100x cryptos are not that uncommon, and investors are likely to find many 100x cryptos like Ondo if they go out to look for them.

Stacks (STX): A 100x Crypto. Twice.  

Stacks (STX) started its presale life at $0.019 and, in April, hit its ATH at $3.83 for slightly more than a 200x return. As a 100x crypto, Stacks delivered, twice! But in order to have gained the most from Stacks, investors needed to have come in during its presale phase, as Stacks hit the open market at $0.24, already a 10x-growth from presale, and just went up from there.

Stacks has returned over 60% in year-to-date figures, slightly behind Bitcoin, but outpacing both Ethereum and Solana. Stacks is setting a good pace for the altcoin rally, bringing in 3.02% for the month of June so far!  

Raboo (RABT): The New 100x Crypto Presale Now Underway.

As Ondo and Stacks demonstrate, 100x crypto growth is not just possible but probable. However, the best chance of making the most of any altcoin rally is to get in early, and nothing is earlier than presale offers.  

Raboo (RABT), a new meme-fi AI crypto, is now in its fourth phase of presale and selling out fast! Early investors have already provided Raboo with over $1.6 million in liquidity, but fortunately, it is still early days. But what makes Raboo such a hit with its 2,500 token holders and 8,000 subscribers? 

To begin, Raboo is an entrant in the Red-hot meme coin market, a $50 billion sector currently driving the altcoin rally. But there’s more to Raboo than memes. There is also an NFT market where digital originals and in-game assets can be bought and sold, and one cannot disregard the phenomenal APY Raboo will offer on its staking platform. Those who provide liquidity will be handsomely rewarded. But the ace up its sleeve is its AI engine, which will create and curate the finest internet culture content to ensure Raboo is always ahead of the pack.  

Analyzing market trends and the Raboo offering, calling Raboo a 100x crypto may be a lowball figure! 

Conclusion:

Bottom line: the altcoin rally is the time that investors can make hay in glorious bull-market sunshine!  100x crypto coins like Ondo and Stacks will inch up even higher as the markets chase all new all time highs. However, the real money lies in presales and ICOs like the one on offer by Raboo. Priced at only $0.0048, the Raboo presale is an offer you can’t afford to miss!

You can participate in the Raboo presale here.

Telegram: https://t.me/RabootokenPortal Twitter: https://twitter.com/Raboo_Official

Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.

The post Raboo Poised for Explosive 100x Growth as Ondo and Stacks Fuel Altcoin Rally appeared first on The Merkle News.

The value of the $DADDY token has sharply declined by over 25% in the past hours, driven by significant insider activity.

On-chain reports from Lookonchain revealed that an insider sold 15.14 million $DADDY for 11,752 $SOL, equivalent to $1.74 million, generating an enormous profit given his initial investment was less than $2,000.

Before @DaddyTateCTO published his first post, the insider acquired 29.8 million $DADDY tokens for just 13.2 $SOL ($1,950) through three different wallets.

After purchasing the tokens, he sold a small portion and transferred most of the remaining tokens through multiple addresses. The bulk eventually flowed to the address “DpL2Tm”.

A few hours ago, this insider transferred a substantial amount of $DADDY to new wallets and began selling off the tokens. In total, he sold 15.14 million $DADDY for 11,752 $SOL, translating to $1.74 million. Despite these sales, the insider still holds 14.7 million $DADDY, valued at approximately $2.8 million.

Trader Hits Massive $5.6 Million In Profits

The insider’s total profit from these transactions amounts to a staggering $5.6 million, representing a gain of 2,875 times his initial investment. This massive sell-off has significantly impacted $DADDY’s market value, contributing to the recent sharp decline.

We noticed that an insider sold 15.14M $DADDY for 11,752 $SOL ($1.74M), and his cost was less than $2K, a huge gain!

1/ Let's check it out.👇 pic.twitter.com/LyUWpWljjt

— Lookonchain (@lookonchain) June 14, 2024

The rapid and extensive movement of $DADDY tokens by a single insider highlights the volatility and susceptibility of cryptocurrency markets to large-scale trades by influential holders. For retail investors, this serves as a stark reminder of the risks inherent in such markets, where the actions of a few can dramatically affect token prices.

In conclusion, the recent drop in $DADDY’s value underscores the potential impact of insider trading on the cryptocurrency market. Investors should be cautious and consider these dynamics when making trading decisions, particularly in markets that can be swayed by the actions of a few key players.

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

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

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The post $DADDY Token Plummets Over 25% Following Insider’s Massive Sell-Off appeared first on The Merkle News.

Holograph has suffered a significant security breach, with a hacker minting 1 billion $HLG tokens. Following the exploit, the attacker swapped some of the $HLG for $USDT, transferring the funds to the address acc01ade.eth.

From there, 1.3 million $USDT was exchanged for over 300 $ETH, which was then distributed to four different addresses. A small portion of these funds was funneled through Tornado Cash and Railgun, known tools for obscuring transaction trails.

🚨Holograph was exploited with the hacker minting 1B $HLG.

Some of the $HLG was swapped for $USDT and sent to acc01ade.eth.

acc01ade.eth has swapped 1.3M $USDT for over 300 $ETH and sent them to four addresses. A small portion was deposited to Tornado Cash and Railgun. https://t.co/isxvDTo6KF pic.twitter.com/9XEbLZNvb0

— Beosin Alert (@BeosinAlert) June 14, 2024

In response to the breach, the Holograph team has swiftly patched the initial exploit. They are collaborating with exchange partners to lock the malicious accounts and prevent further unauthorized transactions.

An investigation has been launched, and the team is in the process of contacting law enforcement to aid in the recovery of the stolen assets.

The stolen funds are currently held at the following addresses:

0x12d8b67db5b67C82a74d9da3BcB4A5a827c446D8

0xc527c712D7A21473D3296a93Bb5A7A48B4802c0F

0xA400fAcaaa51cc4a68E971ca2d74A8Fad04F200D

0x64F571535118e1bF72F235989b3556FA4BD4D477

Holograph Team Responds Quickly To The Situation 

The Holograph team is committed to addressing this incident with the utmost seriousness. By collaborating with exchanges and law enforcement, they aim to track down the perpetrators and recover the lost funds. The community is advised to remain vigilant and follow official updates as the investigation unfolds.

The Holograph Operator contract has been exploited by a malicious actor, enabling the hacker to mint 1 billion additional HLG

The team has patched the initial exploit & is working with exchange partners to lock the malicious accounts

The team has launched an investigation & is…

— Holograph (@holographxyz) June 13, 2024

This incident highlights the ongoing challenges faced by projects in securing their networks against sophisticated attacks.

The swift response by the Holograph team demonstrates their dedication to protecting user assets and maintaining the integrity of their platform.

As the investigation progresses, further measures will likely be implemented to bolster security and prevent similar exploits in the future.

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

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

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Bitcoin’s second dip below $67,000 on Thursday triggered the second largest spike in crowd buying interest over the past two months.

This surge reflects the Fear of Missing Out (FOMO) and greed that traders experience in volatile markets.

There are two primary ways FOMO and greed manifest in Bitcoin trading:

1. Price Surges: Traders rush to buy Bitcoin when prices rise, hoping for continued upward momentum, as observed on May 20th. 2. Price Dips: Traders perceive a price drop as an unwarranted dip and buy in anticipation of a quick recovery, similar to the activity seen on June 13th.

🤑 Bitcoin's second stop below $67K Thursday resulted in the 2nd largest spike in crowd $BTC buying interest in the past 2 months. FOMO and greed comes in two ways:

1) Price erupts and traders want to jump in with hopes of prices continue climbing (as we saw on May 20th)

2)… pic.twitter.com/44O8Y3kSiD

— Santiment (@santimentfeed) June 14, 2024

Bitcoin ETFs Net Inflows Turns Negative Again, Something To Worry About?

On June 13, 2024, Bitcoin ETF net inflows turned negative again, totaling -$226 million, after just one day of positive inflows. Among the Bitcoin ETFs, BlackRock’s IBIT was the only one to experience an inflow. However, nine other Bitcoin ETFs saw significant outflows, with Fidelity’s FBTC leading the way at $106.4 million, followed by Grayscale’s GBTC with $61.5 million.

🚨 $BTC #ETF Net Inflow June 13, 2024: -$226M!

• The net inflow turned negative again after just 1 day of being positive.

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

• Among 9 other Bitcoin ETFs, #Fidelity (FBTC) experienced the largest outflow of the day with… pic.twitter.com/r9BY5M2GAU

— Spot On Chain (@spotonchain) June 14, 2024

This pattern of inflows and outflows indicates a highly reactive market, with traders quickly shifting their positions based on short-term price movements. The volatile behavior underscores the ongoing uncertainty and speculative nature of the Bitcoin market.

Despite these fluctuations, the recent buying interest suggests that many traders remain optimistic about Bitcoin’s long-term prospects. As institutional interest continues to grow and new financial products are introduced, the market dynamics are likely to evolve further.

In conclusion, Bitcoin’s recent price movements and the corresponding surge in buying interest highlight the volatile and speculative nature of the market. Traders’ reactions to both price surges and dips reflect a mix of FOMO and greed, driving rapid shifts in market sentiment.

As Bitcoin continues to attract attention from both retail and institutional investors, understanding these behavioral patterns will be crucial for navigating the market’s ups and downs.

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

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

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Amidst a generally bearish crypto market trend, the value of Toncoin (TON) has surged past the $8 mark, reaching an all-time high of $8.12 and achieving a market cap exceeding $19.2 billion.

According to analyst Ali Martinez on X, Toncoin is preparing for a potential 40% breakout, targeting an impressive $11. However, the TD Sequential indicator suggests that TON might experience a brief dip to $7.2 to gather liquidity before continuing its upward trajectory.

#Toncoin is gearing up for a potential 40% breakout, aiming for $11! However, the TD Sequential indicator suggests $TON might briefly dip to $7.2 to gather liquidity before the upswing. pic.twitter.com/jMoZ1ugEga

— Ali (@ali_charts) June 13, 2024

Ton Blockchain Host New Milestone In Over $500 Million In TVL 

The Ton Blockchain has recently reached a significant milestone, hitting $500 million in Total Value Locked (TVL). This marks a substantial increase from $22.9 million in March 2024 to more than half a billion today, representing an astonishing growth of over 2,000%.

The TVL on Ton Blockchain now rivals the GDP of a small country, reflecting the extensive use of TON across various applications.

BREAKING: $500M Total Value Locked (TVL) 🔥

The GDP of a small country is in use across #TON's apps. This incredible achievement is yours, TON Community!

From $22.9M TVL in March 2024 to more than half a billion today – over 2,000% increase. 📈

It’s still only the beginning.… pic.twitter.com/bE3xqohACG

— TON 💎 (@ton_blockchain) June 13, 2024

This rapid increase in TVL highlights the growing confidence and adoption of the Ton Blockchain ecosystem. Investors and users are increasingly engaging with TON’s applications, contributing to its robust growth. The current bullish sentiment around Toncoin is driven by both its impressive market performance and the broader utility of its blockchain network.

In conclusion, despite the overall bearish sentiment in the crypto market, Toncoin has defied the trend with remarkable performance. With analysts predicting further gains and significant milestones achieved in TVL, TON is positioned for continued growth.

However, investors should be mindful of potential short-term fluctuations as indicated by technical analysis. As Toncoin continues to attract interest and expand its ecosystem, it remains a noteworthy player in the cryptocurrency space.

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

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

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The Floki ecosystem is capturing significant attention from institutional investors, leading to a surge in smart money accumulating $FLOKI .

This growing interest distinguishes Floki from other memecoins, positioning it as a potential leader in the market, akin to the success $DOGE enjoyed in previous seasons.

Recently, the Floki team announced an aggressive marketing campaign targeting Vietnam, a country with a robust crypto market and an impressive 21.2% adoption rate among its 100 million population. The campaign is set to commence on June 17th, aiming to engage and capitalize on this high-adoption region.

FLOKI TO LAUNCH "AGGRESSIVE MARKETING CAMPAIGN" IN VIETNAM: DETAILS…

– @RealFlokiInu is set to launch an aggressive marketing campaign in Vietnam.

– The campaign targets Vietnam’s robust crypto market, with a 21.2% adoption rate among its 100 million population. Floki aims to… https://t.co/d5V78AELSx pic.twitter.com/gkpIKsIfNi

— BSCN (@BSCNews) June 12, 2024

$FLOKI Gets Listed On New CEX 

In a further boost to its visibility and accessibility, $FLOKI was listed yesterday on Nexo, an award-winning digital asset platform established in 2018. Nexo is known for its strict adherence to both global and local regulations, enhancing the credibility and appeal of $FLOKI to a broader audience.

$FLOKI has been listed on #Nexo!@Nexo, an award-winning digital asset platform established in 2018, prioritizes compliance with global and local regulations.

This listing introduces the #Floki ecosystem to Nexo's 7 million+ users, significantly accelerating Floki's global… https://t.co/vqeDtevIsS

— FLOKI (@RealFlokiInu) June 12, 2024

These strategic moves underscore Floki’s ambition to lead the memecoin market this season. With strong institutional backing and a focused marketing strategy, $FLOKI is well-positioned to capture significant market share and drive substantial growth in the coming months.

Due to strong institutional interest in the Floki ecosystem, smart money is accumulating $FLOKI .

This clearly makes #FLOKI stand out among other memecoins.#Floki is poised to lead the #memecoin market this season, just like $DOGE did in previous seasons. Send it! 💎🤲🏻 #Crypto pic.twitter.com/EvyKJ9zEKU

— Mr. Diamondhandz1💎 (@MrDiamondhandz1) June 13, 2024

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

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, and Metaverse news!

The post Floki ($FLOKI ) Gains Momentum With Institutional Interest and Strategic Marketing Campaign appeared first on The Merkle News.

Over the past three months, the BASE blockchain network has demonstrated exceptional growth and innovation, establishing itself as a powerhouse in the Layer 2 (L2) ecosystem.

Recent insights from IntoTheBlock highlight a significant surge in transactions on BASE, driven primarily by decentralized applications and a plethora of innovative games developed on the platform.

While Arbitrum continues to lead in transaction volume, BASE distinguishes itself with a remarkable 50% share of transactions among the top three L2s. This indicates a strong user preference for BASE’s speed and efficiency.

https://twitter.com/Altcoin_daddy/status/1800858000976212356?t=AmS6fLtXSkW6ptxNUgyhdw&s=19

Several key factors contribute to BASE’s rapid rise. Notably, Coinbase’s Base L2 saw a substantial increase in transactions following an airdrop distribution by the user-owned group chat application, FriendTech. This event significantly boosted activity on the network, showcasing BASE’s ability to attract and engage users.

Head-To-Head Battle Between Base And Optimism 

The competitive landscape among L2 solutions has intensified, with Optimism reclaiming the top spot in market cap through strategic moves and investments. Despite this, BASE continues to hold its ground, playing a significant role in the growth and diversification of the L2 ecosystem.

The shift towards L2 networks like BASE is driven not only by cost savings but also by the desire to foster innovation and expand the reach of decentralized applications. With over 50 L2s now operational, the trend points to a promising future for BASE and similar platforms in attracting both institutional and retail investors.

In conclusion, BASE’s robust performance over the past six months underscores its potential as a leading player in the rapidly evolving L2 space. Its ability to attract and retain users through innovative applications and strategic partnerships positions it well for continued growth and success in the coming months.

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

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

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In the wake of a 10% decline in LDO over the past week, a significant transaction has drawn attention.

An address identified as 0x0ff…07A85 deposited 3.76 million LDO into Coinbase within the last day, a holding valued at approximately $6.89 million.

This address initially opened a position of 6.94 million LDO at an average price of $2.32 on April 12, 2023. With the current price of LDO at $1.84, this investor faces substantial losses.

It is suspected that this address sold 3.17 million LDO four days ago. If the remaining 3.76 million LDO is sold, the investor will incur a cumulative loss of approximately $3.05 million.

https://x.com/ai_9684xtpa/status/1800738993526767969?t=z-kvR2LnShkrXY9Cd9fsRQ&s=19

LDO Market Price Action To Monitor 

Interestingly, despite the recent downturn, LDO has gained 10% in value over the past 24 hours. This surge adds a layer of complexity to the investor’s decision, suggesting potential short-term volatility or recovery.

The market will closely monitor these movements, as such large transactions can significantly impact LDO’s price and investor sentiment.

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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Sam Altman’s $WLD tokens briefly reclaimed the $4 trading price today, experiencing a gain of over 7%. Simultaneously, ChainLink (LINK) is trading above the $16 mark.

According to on-chain reports, a prominent whale investor, known for making a $1.65 million profit in the January 2024 LINK band, has recently opened new positions worth $3.54 million in $LINK and $WLD within the past hour.

Specifically, the whale has acquired 113,000 LINK, valued at $1.8 million, and 430,000 WLD, valued at $1.73 million.

The Whale Now Holds 510,000 LINK Tokens

Currently, this whale holds a total of 510,000 LINK, with a cumulative value of $8.17 million, making LINK the top asset in their portfolio.

https://x.com/ai_9684xtpa/status/1800897074059506147?t=W7VgMsT1xtQeZIdEU7E78w&s=19

The whale’s strategic movements indicate strong confidence in both $WLD and $LINK , particularly as these tokens show significant price activity.

The market will be closely watching these developments, as the whale’s actions could influence broader investor sentiment and price trends for both assets.

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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Loopring’s network suffered a significant breach, with hackers stealing over $5 million. This incident has led to a predictable drop in Loopring’s market cap, as trust among the crypto community has diminished.

The ensuing Fear, Uncertainty, and Doubt (FUD) has compounded a 22% decline in $LRC over the past four days, potentially presenting a buying opportunity amid widespread fear.

➰😱 Loopring's network was compromised by a hack valued at over $5M. The project's market cap has predictably dropped as trust among the crypto community has shrunk. FUD is likely compounding the -22% $LRC 4-day drop, and there is a likely opportunity to buy into others' fear. pic.twitter.com/JAwMZyg1XS

— Santiment (@santimentfeed) June 11, 2024

The breach targeted some Loopring Smart Wallets, specifically those with only one Guardian—the Loopring Official Guardian. The hacker exploited this setup by initiating a Recovery process, masquerading as the wallet owner to reset ownership and withdraw assets.

The attack succeeded by compromising Loopring’s two-factor authentication (2FA) service, allowing the hacker to impersonate the wallet owner and gain approval from the Official Guardian. Consequently, the attacker was able to transfer assets out of the compromised wallets.

Loopring Teams Up with Security Agencies To Deal With The Hack

In response, the Loopring team is actively collaborating with Mist security experts to investigate how their 2FA service was compromised. To safeguard users, they have temporarily suspended Guardian-related and 2FA-related operations, effectively halting further breaches.

Loopring is also working closely with law enforcement and professional security teams to track down the perpetrator. Despite the breach, the prompt actions taken by Loopring to address the issue and their collaboration with security experts and authorities indicate a commitment to restoring trust and securing the network.

https://x.com/loopringorg/status/1799791898296451515?t=Nilm8B0NmCZtIMSnZsd9AA&s=19

As the investigation continues and security measures are reinforced, the market may start to regain confidence in Loopring. For now, the decline in $LRC presents a potential entry point for those looking to capitalize on the current market sentiment.

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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UwU Lend has experienced a significant attack resulting in the theft of over $19 million in tokens. The attacker exploited price manipulation techniques to carry out the heist, using flash loans to orchestrate the scheme.

Initially, the attacker used a flash loan to swap $USDe for other tokens, causing the price of $USDe and $sUSDe to drop. Capitalizing on this price drop, the attacker deposited some of these tokens into UwU Lend and borrowed more $sUSDe than the platform would typically allow.

Next, the attacker manipulated the price of $USDe to drive it higher. Using the inflated value, they deposited $sUSDe into UwU Lend and borrowed more $CRV than expected. By exploiting these price fluctuations, the attacker managed to steal a substantial amount of tokens.

Hacker Store Over $19 Million Worth Of Different Cryptos 

In total, the attackers stole more than $19 million in various tokens, all of which were eventually swapped into $ETH. This incident underscores the vulnerabilities in decentralized finance platforms, where price manipulation and flash loans can be used to exploit the system.

Analysis of @UwU_Lend attack:

UwU Lend attack is caused by price manipulation. The attacker first use flash loan to swap $USDe for other tokens, which led to a lower price of $USDe and $sUSDe.

The attacker deposited some to UwU Lend and then lent more $sUSDe than expected. pic.twitter.com/wanIwZymBZ

— Beosin Alert (@BeosinAlert) June 11, 2024

UwU Lend is likely to face increased scrutiny and a loss of trust from the crypto community as a result of this breach. Moving forward, the platform will need to implement stronger security measures to prevent similar attacks and regain user confidence.

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

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According to intoTheBlock, high-risk loan volumes on the Aave protocol are approaching critical levels as DeFi loan volumes soar to multi-year highs.

Investors are aggressively seeking to maximize profits ahead of a predicted crypto bull run, driving significant activity in the DeFi lending space.

The latest data reveals that outstanding DeFi loans have surged to $11 billion, the highest in two years. Aave plays a substantial role in this boom, accounting for over 50% of the total, or roughly $7 billion.

Of particular concern is the $1 billion in high-risk debt within the Aave ecosystem. This debt is backed by volatile collateral and sits within 5% of liquidation thresholds. In practical terms, if the value of this collateral drops by just 5%, borrowers will be required to add more collateral or face automatic liquidation of their positions.

According to @IntoTheBlock, high-risk loan volumes on Aave ptotocol are reaching critical levels as DeFi loan volumes hit multi-year highs. Investors are seeking to maximize profits ahead of an anticipated crypto bull run.

The Lending protocols perspective shows DeFi loans… pic.twitter.com/489EKdeirM

— Slim Daddy◻️𓃵 ₿ (@felixreads) June 10, 2024

This situation highlights the increased risk and activity within the DeFi space. The significant volume of high-risk loans reflects a growing trend of investors taking on greater risk to capitalize on potential gains from an anticipated bull market. However, this also means that the DeFi ecosystem is becoming increasingly vulnerable to market volatility.

The surge in DeFi lending and the associated risks underscore the need for investors to be cautious. While the potential for high returns is driving more activity, the risks of sudden market downturns and liquidations are also rising. This delicate balance between reward and risk is a defining characteristic of the current DeFi landscape.

As the DeFi sector continues to evolve, monitoring the levels of high-risk debt and the stability of collateral values will be crucial. The actions of borrowers and the overall market conditions will play a pivotal role in determining whether the current trend leads to substantial gains or significant losses. Investors should remain vigilant and consider the implications of these high-risk loans on their strategies.

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 transactions by prominent crypto whales and fresh wallets have drawn attention to several tokens, including UNI, BLZ, PEPE, and TRB. This activity has led to notable price movements, especially for UNI and BLZ, which saw significant gains.

One of the key transactions involved the address 0x3492, which withdrew 870,827 UNI, valued at approximately $8.5 million, from OKX. Similarly, the address 0xe841 withdrew 7.69 million BLZ, worth $2.16 million, from Binance. These large withdrawals coincided with price pumps of 8% for UNI and 11% for BLZ, reflecting increased investor interest and market activity.

In addition to UNI and BLZ, significant amounts of PEPE and TRB were also withdrawn by whale addresses. Address 0x81cC, along with 0xf226, collectively withdrew 303.4 billion PEPE, valued at $3.8 million, from Binance and OKX. Furthermore, address 0x8499 withdrew 20,628 TRB, worth $1.9 million, from Binance.

Whales/freshwallets bought $UNI , $BLZ $PEPE and $TRB .

0x3492 withdrew 870,827 $UNI ($8.5M) from #OKX 1 hour ago.https://t.co/fDNkGukDP4

0xe841 withdrew 7.69M $BLZ ($2.16M) from #Binance 1 hour ago.https://t.co/dZtkV4i6I0

0x81cC and 0xf226 withdrew 303.4B $PEPE($3.8M) from… pic.twitter.com/wnQ3Gpnng7

— Lookonchain (@lookonchain) June 10, 2024

Whale Movement And Price Impacts 

These movements highlight the influence that whale activity can have on the cryptocurrency market. Large withdrawals and accumulations by prominent wallets often signal bullish sentiment and can lead to substantial price fluctuations. The recent 8% and 11% pumps in UNI and BLZ, respectively, are clear examples of how such activities can drive market trends.

The crypto community closely monitors these transactions as they can provide insights into potential market directions. The substantial investments in UNI, BLZ, PEPE, and TRB suggest that these tokens are currently viewed favorably by significant market players.

As these whales and fresh wallets continue to maneuver within the market, their actions will likely remain a key factor in influencing price movements and market sentiment. Investors should stay informed about these large transactions as they can offer valuable clues about upcoming trends and shifts in the cryptocurrency 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 decentralized exchange GMX, operating on the Arbitrum and Avalanche blockchains, saw a brief decline of 4% today after a strong performance, having surged 15% over the past week.

On-chain data from Lookonchain indicates significant buying activity from whales and institutions.

66 Wallets Withdrew 344,502 GMX Tokens

In the past two days, six new wallets collectively withdrew 344,502 GMX tokens, valued at $15.3 million, from Binance. This accumulation by large holders suggests confidence in the long-term potential of GMX despite the recent price dip.

Whales/institutions are buying $GMX , and the price of $GMX has increased by ~24% in the past 2 days.

6 fresh wallets withdrew a total of 344,502 $GMX ($15.3M) from #Binance in the past 2 days.

Wallets:0x68fdea13878d7ce741cc596db55564909d9ecc8a… pic.twitter.com/Err6YfdYrb

— Lookonchain (@lookonchain) June 7, 2024

The recent downturn follows a period of impressive growth, highlighting the volatility often seen in the crypto market.

As whale and institutional interest continues to rise, the market dynamics for GMX could see further shifts 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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Despite Litecoin’s price remaining relatively stable over the past 30 days, data from Lookonchain reveals a significant spike in activity.

Yesterday, the number of active Litecoin addresses soared by 75%, reaching its highest level since January and surpassing Ethereum by over 100,000 active addresses.

https://x.com/intotheblock/status/1799006336451244319?t=6uowNSmKiFD9rhWCBOrNzw&s=19

In addition to this surge in address activity, the number of Litecoin ($LTC ) transactions also saw a substantial increase, hitting 426,000 transactions yesterday. While a large portion of this increase is attributed to transactions smaller than $10, there has been a noticeable rise in transactions across all sizes.

This spike in Litecoin activity, despite the lack of significant price movement, suggests growing interest and usage of the cryptocurrency. The increase in both small and large transactions indicates a broader adoption and utilization of Litecoin in various financial activities.

As Litecoin continues to see a rise in activity, it highlights the potential for future growth and underscores its role as a key player in the cryptocurrency market. The data underscores a shift in user behavior, emphasizing the importance of monitoring transaction and address activity as indicators of cryptocurrency adoption and usage.

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 BRETT memecoin experienced a 24% surge today, followed by significant sell-offs from early buyers and insiders who capitalized on the price rebound.

Over the past 32 hours, five prominent “insider” wallets collectively transferred 71.76 million BRETT tokens, valued at $9.94 million, to exchanges such as Gate.io, KuCoin, and Bybit.

These transactions led to notable price dips following each transfer.

#MEMEcoin $BRETT early buyers/insiders are selling for profits after the price rebounded!

In the last 32 hours, 5 "insider" wallets jointly deposited 71.76M $BRETT ($9.94M) to #Gateio, #KuCoin, and #Bybit, causing the price to dip after each transfer. pic.twitter.com/gvfaZFu39g

— Spot On Chain (@spotonchain) June 7, 2024

15 Wallets Acquired 1.86 Billion B

These wallets are part of a larger group of 15 wallets that initially acquired 1.86 billion BRETT tokens, representing 18.6% of the total supply, by swapping 4.9 ETH (worth $14.4K) within 45 minutes of the token’s creation on February 25.

Despite the recent sell-offs, these wallets still retain a substantial 941.4 million BRETT tokens, valued at approximately $132 million.

This activity highlights the significant influence of early buyers and insiders on the BRETT memecoin’s market movements, with their actions causing fluctuations in the token’s price. As the market reacts to these developments, the future trajectory of BRETT remains uncertain.

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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