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Whale Loses $3.5M on PEPE: What Went Wrong?
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Can Polygon (MATIC) Whales Maintain Bullish Stance? 🔥BRED Airdrop Is live🔥 Claim Instant 50,000 BRED Tokens Worth Of $50 USDT, Instant Airdrop Is Live For Next 24 Hours, BRED Listing Soon On Bitmart, Bitget, MEXC, Join Airdrop On WWW.BREDTOKEN.XYZ The price of MATIC, the token powering Polygon, Ethereum’s leading Layer-2 scaling solution, has reached a 60-day high. Over the past week, MATIC’s price surged 28% as investors anticipate the upcoming token migration from MATIC to POL. Polygon Whales Leaves Nothing to Chance As of this writing, MATIC trades at $0.52. Its double-digit price hike in the past seven days is partly due to a rise in whale activity during that period. Data from IntoTheBlock shows that the token’s large holders’ netflow has risen by 43% during that period. Large holders refer to investors who hold more than 0.1% of an asset’s circulating supply. Their netflow measures the difference between the coins they buy and the amount they sell over time. When an asset’s large holder netflow rises, it signals that whale addresses are accumulating more coins. This is considered a bullish indicator that often leads to a price rally. As retail investors observe large holders increasing their positions, their confidence typically grows, which drives additional buying and can sustain price momentum. Furthermore, MATIC futures traders have consistently shown demand for long positions. This is reflected in the altcoin’s positive funding rate since August 17, indicating that traders are willing to pay a premium for maintaining bullish positions in the derivatives market. #Matic #Polygon #POL #Altcoins #MtGoxRepayments $MATIC $BTC $BNB
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Fraudster, Who Defrauded Investors of 4 Billion Dollars, Caught in Turkey 🔥BRED Airdrop Is live🔥 Claim Instant 50,000 BRED Tokens Worth Of $50 USDT, Instant Airdrop Is Live For Next 24 Hours, BRED Listing Soon On Bitmart, Bitget, MEXC, Join Airdrop On WWW.BREDTOKEN.XYZ Andreas Szakacs, one of the founders of controversial cryptocurrency company OmegaPro, was arrested in Turkey in July for allegedly running a pyramid scheme that defrauded investors of $4 billion, according to multiple reports in the Turkish press. Originally from Sweden, Szakacs reportedly changed his name to Emre Avcı after becoming a Turkish citizen. He denied the accusations, claiming he only worked in finance and marketing. The arrest followed a tip-off from an anonymous informant on June 28. Following raids on two villas in the Beykoz district of Istanbul, Szakacs was detained on July 9 and arrested on July 10 on charges of “fraud using information systems, banks or credit institutions as a means.” During the raids, Turkish authorities seized computers and 32 cold wallets, which are typically used to store cryptocurrencies offline. Although Szakacs reportedly did not provide the passwords, investigators were able to track the movements of a total of $160 million in cryptocurrencies. OmegaPro’s collapse in late 2022, which coincided with the collapse of cryptocurrency exchange FTX, left many investors around the world in financial ruin. A key witness in the case, Dutch national Abdul Ghaffar Mohaghegh, told investigators he lost $7 million in the fraud scheme. Mohaghegh also claimed to have represented, through power of attorney, 3,000 affected investors who lost $103 million in the alleged fraud. #Turkish #Turkeye #Bitcoin #CryptoNews #MtGoxRepayments $BTC $ETH $BNB
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Man Who Predicted Trump’s Shooting Makes Claim About XRP 🔥BRED Airdrop Is live🔥 Claim Instant 50,000 BRED Tokens Worth Of $50 USDT, Instant Airdrop Is Live For Next 24 Hours, BRED Listing Soon On Bitmart, Bitget, MEXC, Join Airdrop On WWW.BREDTOKEN.XYZ Popular crypto handle Amelie on the X platform recently stirred major discussion by sharing the video of Brandon Biggs, who made a bold claim on XRP and the possibility of a dramatic price surge moving ahead. Note that Brandon Biggs is the same person who correctly predicted Trump’s shooting earlier this year. In the video shared by Amelie, Biggs makes a speculative statement on XRP wherein he says: “But I’m telling you, I keep seeing XRP. And like I said, I’m not telling you to invest in it. That’s on you. Do not say, hey, you told me to invest in it. No. I’m telling you there’s going to be something in my spirit, in my opinion, with XRP in the near future. And I keep seeing it go overnight. Like right now, I think it was like 47 cents per XRP. And all of a sudden, I am hearing in my spirit, there’s going to be an acceleration of things.” Since Biggs correctly predicted the attack on Donald Trump earlier, the crypto community is paying close attention to his recent comments on XRP. However, investors should not forget that his advice comes with caution. As per the recent report from Crypto News Flash, the XRP on-chain activity has seen a significant surge recently. The XRP Community Reacts Responding to these developments, the XRP community reacted to Amelie’s tweet with a mixed bag of caution and optimism. One user, Sukhwinder Singh, expressed gratitude, saying, “Amelie, thank you so very much for bringing news like this. It’s made me and many more people keep believing in XRP!!!” On the other hand, other community members also expressed skepticism regarding the validity of Bigg’s prediction while highlighting the speculative nature of his past statements. #XRP #Ripple #SEC #Altcoins #MtGoxRepayments $XRP $BTC $BNB
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POPCAT Listing on Binance, Whale Buys 10 Million Tokens 🔥BRED Airdrop Is live🔥 Claim Instant 50,000 BRED Tokens Worth Of $50 USDT, Instant Airdrop Is Live For Next 24 Hours, BRED Listing Soon On Bitmart, Bitget, MEXC, Join Airdrop On WWW.BREDTOKEN.XYZ On August 22, 2024, Binance, the world’s biggest cryptocurrency exchange announced to launch of the Solana-based meme coin Popcat (POPCAT) perpetual contracts. Following this announcement, a crypto Whale withdrew 39,816 SOL worth $5.73 million from Binance and bought nearly 10 million POPCAT tokens. Whale Buying POPCAT Amid Listing Announcement This crazy buying signals that POPCAT could experience a significant rally in the upcoming days. At press time, it is trading near $0.574 and has experienced a price surge of over 32% in the last 24 hours. Meanwhile, POPCAT’s trading volume has skyrocketed by 225% during the same period, indicating rising participation from traders following the listing announcement. Additionally, its open interest also increased by 35% in the last 24 hours, indicating growing interest from investors and traders, according to the on-chain analytic firm CoinGlass. POPCAT Price Prediction For August 2024 According to expert technical analysis, POPCAT looks bullish and is now heading toward a crucial resistance level of $0.643. However, the last time when POPCAT reached this level, it experienced a price drop of over 40% and fell to the $0.38 level. #PopCat #Memecoins #Pepe #DOGS #BinanceLaunchpoolDOGS $BTC $ETH
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Grayscale Expands Portfolio With Avalanche Trust 🔥BRED Airdrop Is live🔥 Claim Instant 50,000 BRED Tokens Worth Of $50 USDT, Instant Airdrop Is Live For Next 24 Hours, BRED Listing Soon On Bitmart, Bitget, MEXC, Join Airdrop On WWW.BREDTOKEN.XYZ Grayscale Investments, a leading crypto asset manager with over 20 crypto investment products, has officially introduced the Grayscale Avalanche (AVAX) Trust to the public. This move highlights Grayscale’s dedication to broadening its range of cryptocurrency investment offerings for investors. This new investment trust comes shortly after Grayscale introduced MakerDAO to the public. Avalanche Trust Aims to Provide Exposure to Other Crypto Assets In a detailed report, Grayscale Investments explained that the trust works like the firm’s other investment products but only focuses on AVAX, Avalanche’s native token. In addition, the trust can be shared daily. Rayhaneh Sharif-Askary, Grayscale’s head of Product and Research, said in an interview that this investment trust is designed to allow accredited investors to acquire AVAX tokens without hassle. Through this investment trust, investors can benefit from diversifying their portfolios and gaining exposure to a variety of cryptocurrencies. It can also help spread risk and potentially capture the growth of different digital assets in the crypto market. Facts about Grayscale’s Avalanche Network Avalanche operates as a Layer-1 blockchain network with three chains. It is known for its high-performance consensus protocol called Avalanche Consensus. This consensus enables high-throughput, low-cost transactions and efficient decentralized applications. #GrayScale #Avax #Avalanche #Altcoins #BinanceLaunchpoolDOGS $AVAX $BTC $ETH
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