As the price of ETH rebounds, official data from Lido shows that its platform's total staking value has exceeded $20 billion, reaching $20,218,886,533 at the time of writing. The total staking value of Ethereum accounts for the largest proportion, currently exceeding $20 billion, reaching $20,046,713,374, followed by Polygon, with a staking value of $114,107,033. In addition, Lido platform has paid rewards worth $1,027,061,927, with 324,517 stakers. Historical data shows that the total staking value of Lido platform tokens exceeded $10 billion in mid-March this year, meaning that this indicator has doubled in less than nine months.
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According to BTC.com data, yesterday's total network transaction fee for Bitcoin reached 560.3 BTC, an increase of over 33% compared to the single-day total network transaction fee of 421.2 BTC on December 15th.
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According to RootData, on December 1st, BlockBeats reported that the funding amount for the cryptocurrency market in November 2023 was $1.2 billion, a 5.1% decrease compared to November 2022 ($1.265 billion), but a 178.4% increase compared to October 2023 ($431 million). In addition, the number of funding deals in November was 92, a 13.2% decrease year-on-year.
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AzukiDAO has announced a name change to Bean and has dropped the lawsuit against Azuki founder Zagabond over the $39 million minting incident. Azuki developers stated that the DAO will be renamed to the memecoin project and become part of the Ethereum Layer 2 Blast ecosystem. The developers also claimed that Bean has received $10 million in funding from well-known investors for its development and acceleration in the Blast ecosystem. Specific investors were not disclosed.
Bean stated that the proposed total supply of Bean memecoin is 1 billion tokens. 40% of the tokens will be allocated to its treasury, 50% will be allocated to Azuki DAO members, and 10% will be allocated to Azuki NFT creator Zagabond. Minting will only be available to Azuki NFT holders, who must mint within 24 hours of token issuance or face token destruction.
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The LSD stablecoin protocol Prisma Finance tweeted that the PIP-009 proposal has officially been passed, and the debt ceiling for sfrxETH has been raised from the previous 33 million mkUSD to 50 million mkUSD. mkUSD is Prisma Finance's over-collateralized stablecoin, and users can use the liquid staking tokens wstETH, rETH, cbETH, and sfrxETH for collateral and minting. According to data from the Prisma Finance official website, the debt ceilings for these liquid staking tokens are currently 200 million mkUSD, 60 million mkUSD, 7 million mkUSD, and 0 mkUSD, respectively.
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BNB Chain has announced that the BSC hard fork has been postponed based on new test results, risk assessments, and discussions with experts and the community. Developers can restore the upgrade before the effective block height of 33968300 or 07:57:53 (UTC+0) on Friday, December 1.
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In this article, we will share our perspective through an analysis of on-chain signals and data. Readers are encouraged to reference and do their own research (DYOR).
Here is the team's analysis:
Top Holders consistently accumulating $UNIBOT
Source: https://t.me/icryptoai/
General trend: Accumulating 32.6k UNIBOT tokens worth approximately $1.79 million in the price range of $45 - 85 over the past 14 days.

However, to gain a better understanding of the behavior of the Top Holder group, we will examine the top 50 External Owned Accounts (EOA) with the highest exchange netflow in the past 30 days. DataFi will categorize them into three main groups based on the age of the wallets, including:
Early Investors: Wallets with an age > 70 daysFOMOers: Wallets with an age between 30 - 70 daysNewcomers: Wallets with an age < 30 days

UNIBOT: Balance change 30D and Wallet Age.
Team has observed the behavior of these groups over the past 30 days as follows:
Early Investors

Negative Wallet Group:
- Distributed 17k UNIBOT tokens (~46% of their balance) in the price range of $100-170 and currently hold 20k UNIBOT.
- However, the selling pressure from this group has been gradually decreasing as the UNIBOT price has moved into the range of $40-60.

Positive Wallet Group:
- Accumulated an additional 11.1k UNIBOT tokens (~21% of their balance) in the price range of $60-$120 during the price drop from August 30th to September 9th.
- Their balance now stands at 64k UNIBOT.
- However, there hasn't been significant bottom-fishing activity as the price has been ranging around $40-$60.
- Supply is decreasing, but demand remains muted. Early investors seem to be expecting UNIBOT's price to accumulate further or drop a bit more for them to Dollar-Cost Average (DCA).

FOMOers:
- The FOMOer group continues to accumulate by adding 29.3k UNIBOT tokens (~77% of their balance) in the price range of $60-$120 during the price drop from August 30th to September 9th.
- They currently hold 67k UNIBOT.
- FOMOers are showing DCA behavior by accumulating more when the price drops, even though they previously bought at higher prices in the range of $110 - $220.

Newcomers

Notably, the Newcomers group is the most aggressive accumulators of UNIBOT in the past 30 days, with a total inflow of 43.7k UNIBOT tokens (+290% Balance). This group continues to buy an additional 9.67k UNIBOT when the price is trading sideways in the range of $40 - $60.

Among the 13 Newcomer wallets, 5 wallets have assets exceeding $1 million, and 6 wallets have assets ranging from 100k to $1 million.

=> This indicates that the buying behavior of this group is noteworthy as they accumulate a significant amount of UNIBOT at low price levels and hold substantial assets.

Conclusion: TOP HOLDER - BULLISH
Selling pressure from Early Investors has significantly decreased, but demand from this group remains weak.FOMOers continue to DCA UNIBOT.Strong demand comes from the group of large asset holders - Newcomers.

Smart Money has been accumulating UNIBOT since September 2023.

Smart Money has been consistently accumulating UNIBOT in the price range of $50 - $100 since the beginning of September 2023. The Net Volume in the last 30 days stands at 7.8k UNIBOT (+14.3% of their balance). Their current balance is 62.48k UNIBOT.

CONCLUSION
Out of the 7.15k out of 8.85k ETH in UNIBOT revenue, which comes from Tax Fees, it is evident that Tax Fees are the primary source of income for the project. Therefore, Market Makers (MM) and the project will seek ways to increase the UNIBOT price to:

Stimulate traders to trade this token more, resulting in higher Tax Fee earnings.Encourage users to buy UNIBOT to enjoy rewards, thereby increasing demand.

With positive On-chain signals such as the significant decrease in selling pressure from Early Investors, strong demand from the group of large asset holders - Newcomers, continuous accumulation of UNIBOT by Smart Money since the beginning of September 2023, and testing of support levels around the $30 - $60 range, we have already expected UNIBOT to experience a growth phase in the near future.

#unibot #EthereumHigh #iCryptoAIbot