Crypto whales have made a significant investment of $5.56 million in PEPE amidst the market downturn.
Prominent cryptocurrency whales have taken advantage of the ongoing market decline by purchasing significant quantities of the meme coin Pepe (PEPE)resulting in transactions amounting to around $5.56 million.
This activity coincides with a general decline in the crypto market.
According to Spot On Chain, a platform for on-chain analysis, it has been reported that a well-known crypto whale, known by the wallet address 0xa14, has shown significant activity.
The investor has recently pulled out 350.2 billion PEPE, worth $2.93 million, from the cryptocurrency exchange Binance. This latest transaction represents the fourth in a series of trades, resulting in a total estimated profit of $1.63 million, reflecting a 15% increase.
Moreover, starting from March 14, 2024, this large investor has withdrawn 1.449 trillion PEPE from Binance at an average price of $0.000007496, with total expenditures estimated at $10.86 million.
Binance received deposits of 789.26 billion PEPE, valued at $6.74 million. The investor now has 660 billion PEPE, worth around $5.74 million. They have earned a cumulative profit of $955,000 (+33.6%) with a 100% win rate.
Other traders have also been buying PEPE. According to Lookonchain, investor 0xa4F bought 123.66 billion PEPE for $1.09 million. Wallet address 0x895 withdrew 101 billion PEPE worth around $885,000 from Binance. Additionally, 0x24E3 invested $661,000 to purchase 74.5 billion PEPE. These purchases occurred while Bitcoin experienced a 5% decline, dropping from $63,400 to $60,180. Despite market challenges, PEPE has shown resilience and a quick recovery, currently up almost 7% from Friday's low.
A remarkable $PEPE transfer of 1,238,332,920,144 (equivalent to $10,571,648) was initiated from an undisclosed wallet on the Ethereum blockchain to Binance, capturing attention on Tuesday, May 7, 2024, at 03:04:47 UTC. This significant transaction underscores the importance of pursuing your aspirations, despite the potential risks involved. It is crucial to acknowledge that all cryptocurrencies are subject to fluctuations and unpredictability, adding an element of excitement to the market.
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Let's delve into the realm of altcoins and discover the potential! 🐸🐸
As we dive into May 2024, let's spotlight the most promising cryptocurrencies in Binance. Whether you're a seasoned trader or new to the game, these top picks offer thrilling opportunities for growth and investment.
1. Renzo (RNZO) Renzo is revolutionizing digital identity verification using blockchain technology, prioritizing security and privacy. Following its recent launch, RNZO has seen a remarkable 15% increase, indicating strong market interest. As digital security becomes increasingly important, RNZO's innovative approach positions it for potential significant growth.
2. Ethereum (ETH) Ethereum is advancing with its transition to Ethereum 2.0, promising greater scalability and efficiency. With a steady 5% growth over the past month, Ethereum is poised for continued success. The move to proof-of-stake could greatly enhance Ethereum's value and efficiency.
3. Binance Coin (BNB) BNB powers the Binance ecosystem, offering transaction fee discounts and more. Following the introduction of new utility features, BNB has seen an 8% increase. As Binance continues to expand, BNB's demand and price are likely to rise.
4. Cardano (ADA) Cardano focuses on sustainability, gearing up for eco-friendly blockchain applications. With a 10% gain this month, supported by a positive market outlook, Cardano is positioned for continued growth. Upcoming upgrades could boost its functionality and appeal.
5. Solana (SOL) Solana is known for fast and cost-effective transactions, supporting robust dApp development. Despite some volatility, SOL has shown a steady 7% increase. Continuous platform enhancements and new dApp integrations highlight its growth potential.
In conclusion, these five cryptocurrencies are not just riding the wave of innovation but are set to potentially redefine their segments in the market. Keep an eye on these dynamic assets for potential investment opportunities this May.
$BTC Bitcoin Price Prediction: A Push Towards $70,000?
Bitcoin made headlines on Saturday with a surge to $64,348, followed by a slight retrace to $63,614. Despite a modest 0.90% gain this week, BTC remains poised above the critical pivot point of $61,650, signaling a potential push towards $70,000. With a 24-hour trading volume of $29.19 billion and a market capitalization of nearly $1.25 trillion, Bitcoin's performance is captivating investors and analysts alike.
The cryptocurrency's current momentum is fueled by a strengthening uptrend, breaking above the 50-day Exponential Moving Average (EMA) at $61,574. The 4-hour chart reveals a bullish 'three white soldiers' candlestick pattern, indicating sustained upward momentum. However, the notable resistance at $64,564 may temporarily limit the upside. A successful breach could propel Bitcoin towards higher resistance levels at $67,084 or even $70,000.
The Relative Strength Index (RSI) shows strong buying pressure with a value of 63, while the 50 EMA provides support. As long as Bitcoin remains above the $61,651 pivot point, the market situation remains positive, with potential for further growth. Key price levels to watch include $61,651, $64,564, $67,084, and $69,356, with immediate support at $59,164 and further supports at $56,677 and $54,336.
Will Bitcoin break $70,000? Only time will tell, but the current technical indicators suggest a strong upward trajectory.
Edward Snowden Issues Urgent Privacy Warning to Bitcoin Community
Renowned whistleblower Edward Snowden has sounded the alarm over protocol-level privacy in Bitcoin, following Wasabi Wallet's decision to discontinue its coordination service in June 2024. This move has sparked significant concerns in the crypto space, as it affects users of other wallet clients connected to the zkSNACKs coordinator, including Trezor Suite and BTCPayServer.
Snowden expressed disappointment and urged Wasabi Wallet to explore decentralized coordinator options or alternative configurations to maintain privacy protections. He has long advocated for integrating advanced privacy features into Bitcoin's underlying infrastructure to safeguard users' financial sovereignty.
The discontinuation of the Coin Join coordination service is a significant setback for privacy in Bitcoin. While Wasabi Wallet will continue to function as a BTC wallet with reduced privacy features, Snowden's warning highlights the urgent need for protocol-level privacy measures to be integrated into the Bitcoin protocol. He has consistently emphasized the importance of protecting users' privacy and financial sovereignty in the face of growing surveillance and censorship threats.
Elon Musk's Tesla has recently announced the addition of Dogecoin as a payment method, resulting in a 20% surge in the price of DOGE.🚀
Elon musk ,CEO of Tesla and Dogecoin supporter, has reportedly added Dogecoin as a payment option for certain Tesla products. This comes after Musk previously hinted at accepting Dogecoin as an official payment method for his vehicles. The news caused a 20% surge in the DOGE price, reaching $0.16. However, Tesla has not confirmed if Dogecoin will be accepted for purchasing Tesla cars.
Tesla's website now offers Dogecoin as a payment option for customers. Elon Musk's electric car company has recently started accepting Dogecoin at Tesla Shops. To make a purchase using Dogecoin, customers can simply look for the Dogecoin symbol on the "order" page of eligible products. The Tesla website's Dogecoin support page was last updated on May 4th, according to the Wayback Machine.
Tesla exclusively accepts Dogecoin as payment for all eligible products. All transactions must be made using Dogecoin, as Tesla does not accept any other form of digital currency. It is important to ensure that your purchase is completed using Dogecoin, as Tesla cannot process payments made with any other digital asset.
The price of DOGE has surged by over 20% in the last 24 hours, reaching a current trading value of $0.16. During this period, the lowest and highest points were recorded at $0.137 and $0.161 respectively. Additionally, the significant decrease of over 90% in trading volume within the past 24 hours indicates a strong interest from investors.
A massive purchase of 4 trillion Pepe coins, worth $31 million, was made on the Turkish
cryptocurrency exchange Paribu, followed by a withdrawal to an anonymous digital wallet. This comes after a 17.4% price surge in the meme cryptocurrency, which has seen a significant increase in value since Wednesday, reaching $0.00000801 at press time.
Grab Your Free Crypto Here !!!
This substantial transaction follows another major purchase of 331.3 billion PEPE on Binance earlier this week, worth $2.24 million. The whale behind these transactions has withdrawn a total of 660.7 billion PEPE, valued at $4.57 million, from Binance and MEXC exchanges in the past four days. The addition of a PEPE-based margin pair on the US exchange Kraken has contributed to the price surge, exposing the cryptocurrency to millions of traders.
Kiyosaki: “Prepare for market downturn by acquiring Bitcoin, gold, and silver.”
Robert Kiyosaki, renowned for his insights on the economy, has recently made significant recommendations amidst the ongoing economic downturn. In light of the volatile cryptocurrency market, influential figures like Kiyosaki continue to share their perspectives, which hold considerable weight within the industry.
Top 5 Tokens: Project Summary and Price Fluctuation in 2024 😱🤯
1. Ethereum, with a market capitalization of $389.2 billion, serves as a decentralized computing network enabling users to utilize the blockchain for decentralized applications and smart contracts hosting. Established by Vitalik Buterin in 2014, Ethereum stands as the leading altcoin in terms of market capitalization. It functions as a smart contract platform for decentralized applications (dApps) and is preparing for an upgrade to Ethereum 2.0 to enhance scalability and security.
2. BNB (BNB): BNB is a utility token used for trading fees and discounts on Binance. It has a market cap of $82.5 billion and was initially on ERC-20 but now on Binance's own blockchain. BNB is also used for token sales, voting, and token burns to increase its value.
3. Solana (SOL): Solana uses a unique hybrid mechanism of proof-of-stake and proof-of-history for fast and secure transactions. With a market capitalization of $79.3 billion, it was founded in 2020 by experienced blockchain developers. The platform has rapid transaction speeds of 60,000 TPS and uses a proof-of-stake consensus algorithm for energy efficiency. Solana also offers a thriving DeFi ecosystem with services like lending, borrowing, and yield farming.
4. XRP (XRP): XRP is a digital asset that allows for seamless currency exchange using advanced technology from Ripple Labs. Ripple Labs, founded in 2012, has created a real-time gross settlement system for cross-border payments. With a market cap of $32.0 billion, Ripple Labs has partnered with many banks and financial institutions worldwide. XRP transactions are known for their speed, taking only 5 seconds to complete, and their low fees, as low as $0.00001.
5. Dogecoin (DOGE): Dogecoin, the original meme coin, gained popularity in 2013. With a market cap of $26.3 billion, it was created by Jackson Palmer and Billy Markus. This coin has a large community and supports charitable causes. It also has a fast block time of 1 minute and low transaction fees.
These are the three meme coins to keep an eye on in May.🚀💲
1.Shiba Inu (#SHIB ) The cryptocurrency known as the Dogecoin competitor has seen a notable increase in price movement as of late.
SHIB Price Nevertheless, with an abundance of fundamental components at hand, he is poised to commence the upcoming month on a positive note. A prime illustration of this is the revival of Shibarium, a layer-2 scaling solution. The network recently underwent a significant enhancement, and another one is scheduled for May 2.
Shib's incendiary initiative has also experienced a surge, resulting in the elimination of millions of tokens from circulation. The ultimate objective of this mechanism is to gradually diminish the meme coin's supply, potentially enhancing its value in the long run.
2.Pepe (#PEPE ) The asset with a frog theme is among the limited number of assets that show a green trend over a two-week period, but it continues to decline over a 7-day timeframe. It is important to consider its increased volatility and expanding community base when attempting to forecast the top performers in May.
PEPE Price PEPE has received positive feedback from various cryptocurrency exchanges, such as Coinbase, and its price has responded favorably to these announcements. Further support in the upcoming months could potentially initiate another rally.
The recent addition of Floki Inu (FLOKI) to the top 5 meme tokens was made possible by this token's recent flip. With a market capitalization exceeding $1.5 billion, Solana stands as the second largest asset in this category, established on the blockchain.
Despite the Deceleration, BONK has emerged as one of the top performers in the cryptocurrency market in the last fortnight, with a remarkable price surge of over 50%.
Meme Coin Trader Suffers $152,000 Loss in 30 Minutes Due to Insider Trading 🚀💵
A meme coin trader recently fell victim to insider trading, losing a staggering $152,000 in just half an hour. The incident, reported by Lookonchain analysts, involved the Solana-based meme coin CoolCoin ($COOL).
The trader initially purchased 2.2 million $COOL tokens with 1,600 SOL but was forced to sell them at a significantly lower price of 532.58 $SOL within 30 minutes, resulting in a loss of 1067.42 $SOL , equivalent to $152,000.
Prior to this incident, Lookonchain had detected suspicious activity on the network, identifying a trader who controlled the majority of CoolCoin tokens. This insider purchased 574.27 million $COOL for just 35.4 $SOL (approximately $5,000) and distributed them across several addresses. In just an hour, the insider sold 22.81 million $COOL from five different wallets, earning a profit of 11,896 $SOL , approximately $1.69 million.
This incident serves as a cautionary tale for meme coin traders to be vigilant and aware of potential insider trading activities.
PEPE, a meme coin inspired by the popular Pepe the Frog meme, has gained significant attention with a 20.5% price increase in the last 24 hours. Currently trading at $0.00000740, the asset's market capitalization has risen to $2.92 billion, making it the 35th largest digital currency. The daily trading volume has also seen a 24% increase, reaching $1.14 billion.
Since its inception in April 2023, PEPE has recorded a remarkable 12,200% growth, reaching an all-time high of $0.0000107 on March 14. It is now the third-largest meme coin after Dogecoin (DOGE) and Shiba Inu (SHIB).
According to Centiment data, the PEPE currency inflow has decreased from 5.57 trillion tokens to 5.47 trillion tokens in the last 24 hours, while the stock market output has seen a small increase, hovering at 6 trillion PEPE. This suggests that investors are holding onto the meme token instead of selling for short-term profit.
The number of daily active addresses has consistently increased over the past three days, from 2,670 on April 29 to 3,249 unique wallets. This, combined with the price rise, indicates lower price volatility due to reduced chances of whale manipulation.
However, the Relative Strength Index (RSI) has risen from 64 to 72%, indicating that PEPE is moderately overvalued, and high price volatility is expected. An RSI below 50 could potentially suggest further price increases for PEPE.
Let me know in the comment section you have any other questions! ☺️
I have recently examined several coins, and they have been transferred to a monitoring zone on Binance, for example #UNFI
Avoid coins with restricted supply and current price tags, as they can be manipulated by pump groups to artificially inflate or deflate their value, potentially resulting in delisting or other issues detrimental to the community. For long-term investment strategies, prioritize safer options. #NFA
Attention to all individuals interested in cryptocurrency! Brace yourselves for an exhilarating journey as the market encounters fluctuations. However, there is no need to worry, as a glimmer of optimism awaits us tomorrow. The spotlight will be on Jerome Powell, the Chairman of the US Federal Reserve, following the FED's decision on interest rates.🚀
Powell's statement is eagerly awaited by many. Analysts predict a tone that is cautiously positive, suggesting that more time is required before any policy adjustments are made. There is a strong belief that a rate cut may be on the horizon, indicating a move towards a more cautious stance until the Federal Reserve has a better understanding of the inflation situation
Bank of America experts anticipate a slowdown in quantitative tightening, as the US Treasury is likely to decrease its monthly redemption limit. Powell is pleased with the current rate outlook, but there may be challenges in market regulation. Stay alert! If Powell's comments are positive, we might see a recovery in the crypto market. Keep an eye out for updates and get ready for an eventful ride! 🌟
In spite of a declining market share, Tether has announced an impressive profit of $4.52 billion in the first quarter.🚀😲
Tether (USDT), the stablecoin issuer, recorded an impressive net profit of $4.52 billion in the initial quarter, even though experiencing a notable decline in market dominance. As per the audit report disclosed to CryptoSlate, the company's substantial earnings primarily stemmed from its holdings in the US Treasury, along with profits from its investments in Bitcoin and gold..
The current #bitcoin price drop has its advantages.
It has been observed that ALTs are showing less reaction to BTC compared to a few days ago when BTC began to decline from 73k. This is due to the fact that BTC dominance is also decreasing along with BTC, which is actually a bullish signal for ALTs.
Currently, we are positioned at a significant level of support for BTC dominance. If this level is breached, it could result in a decrease of approximately 15-17% to the 1900 range.
When Bitcoin stabilizes and begins to trade sideways, it will serve as a significant indicator for the upcoming altcoin season.
Three 3 Popular Altcoins to Invest in for Financial Gain during the 2024 Market Surge.
1. Solana (SOL)
Solana (SOL) leads DeFi and blockchain innovation, with a price of $124 and a 7% surge in the past 24 hours. TVL in DeFi apps is increasing, driven by interest in Solana-based meme coins.
Despite a recent dip, market sentiment towards SOL is positive, with a $55 billion market cap making it a top altcoin for potential gains in the bullish market ahead.
2. Dogwifhat (WIF)
Dogwifhat (WIF), a meme coin built on the Solana blockchain, has witnessed remarkable growth since its introduction on March 10, 2024. Despite a 7% decline in its price over the past day, it has experienced an astonishing surge of 1,344% since its launch.
On March 15, 2024, Dogwifhat reached its highest price of $4.85, propelling its market capitalization to $2.4 billion. Currently, the price of WIF fluctuates between $2.40 and $3.54, indicating a strong interest from investors in this emerging alternative cryptocurrency.
3. Bonk (BONK)
Bonk (BONK), a cryptocurrency centered around dogs on the Solana blockchain, gained attention by allocating fifty percent of its tokens to Solana users. This approach quickly boosted its market capitalization to $1.59 billion.
The current value of Bonk is $0.00002287, indicating a decrease of 6% in the past twenty-four hours. However, its impressive yearly growth of 3,830% showcases its promising outlook. The distinctive distribution method of BONK sets it up for substantial gains in the upcoming 2024 Bull Run.