🔥Must Watch🔥The cryptocurrency market, like all financial markets, is designed to make your mind go crazy.
When the market rebounds, you will be ecstatic and dream of a future where BTC reaches 100,000 and altcoins reach 100 times.
When it plummets or fluctuates for weeks or even months, this period of time is the difference between winners and losers. Losers let the constant decline shake them out.
I used to be one of those losers. Between 2019 and 2020, I panic-sold everything twice!
But in 2021, I changed. I was determined not to be shaken out again. I persisted through every plunge and sideways consolidation in 2021, and in the end, I made enough money.
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📉💥 Hong Kong ETFs Fail to Ignite Markets. What Now? 🚨
📉💔 Today’s ETF launch in Hong Kong sent shockwaves through the market with unintended consequences! Instead of boosting prices, it created a downward spiral that left investors shocked.
📉💼 As we brace for the shock, all eyes are on the critical support levels of 57,000~61,000. If they break, it could signal a flat bottom with no resistance, and could drop to 52,000 in an instant.
💡 So, it’s time to strategize. Identify bottom buy points for Bitcoin and Ethereum. If they fall further, altcoins could be in for a rough ride, worse than dogs!
💰 Amid the chaos, seasoned investors took the opportunity to buy low, while newbies panicked. Their emotions were like a roller coaster as they navigated the turbulent market together.
📈 Although short-term risks are high, committed long-term holders are urged to stick to their positions. Remember, there is hope in despair.
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It’s a do or die moment for digital gold. Bitcoin has fallen below the key $60,000 level, which has been a significant support throughout the bull run to 2024.
This could spell the end of the bullish trend over the past year, especially if Bitcoin continues to fall below the 100-day exponential moving average.
As prices fall, trading volumes increase, indicating increased selling pressure. This is generally seen as a bearish sign, supporting the view that the market is turning downward. Trader sentiment is becoming increasingly cautious, with many preparing for further declines.
From a technical perspective, if Bitcoin fails to recapture the $60,000 level, the next major support is at $51,965. This means that further declines could be in the cards, leading to more selling.
On the other hand, to invalidate the bearish scenario, Bitcoin must break above the $60,000 resistance level. If successful, Bitcoin could attempt to break above higher resistance near $64,000, giving hope to bulls.
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Where are the mainstream tokens going? Has the bull market turned to bearish? The total open interest of XRP, SOL, and DOGE fell by 51% last month.
The market's interest in these cryptocurrencies has obviously waned, or the profit-taking has basically withdrawn or is on the sidelines.
Open interest (OI) is an indicator that measures the total value of all unsettled cryptocurrency futures contracts on exchanges. It is very important for traders and analysts to help them assess market sentiment and predict future price trends.
Among the top nine cryptocurrencies by market capitalization, Dogecoin has the largest drop in open interest, falling 64% to $668.2 million since April 1.
Solana's open interest currently stands at $1.51 billion, down 47% since April 1. Meanwhile, XRP's OI is $497.67 million, down 44% in the same time period.
Market instability usually leads to a drop in OI because traders are uncertain about the direction of the market and are less willing to trade in volatile prices.
The current OI level is close to the historical low before and after the collapse of FTX exchange, showing the cautiousness of market sentiment.
After the Bitcoin halving on April 20, Bitcoin miners' income fell to a new low for the year, which is another major reason for the current market uncertainty.
The market is expected to adjust further. Under such sentiment, traders establish new positions, and the vicious cycle repeats.
Can the current environment arrange 0 short orders? Or wait for a rebound? Welcome to leave your comments 👇👇👇
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Mixed? More and more altcoins are being issued, which will lead to capital outflows from mainstream coins; at the same time, the issuance of new coins is volatile, which is relatively easier to create greater returns. Details are as follows 👇👇👇
May may be an important month for the crypto market, with the release of major tokens injecting a lot of liquidity and potentially changing the market landscape.
Major developments in projects such as AEVO and PYTH, as well as contributions from other projects, will bring more than $3 billion to the industry.
The release of many cryptocurrencies has laid the foundation for this. Token Unlock, a platform that tracks the release schedule of digital assets, said that May will usher in one of the largest influxes of tokens this year.
At least 20 crypto projects are preparing to release tokens worth more than $100 million, with a total value of $3.661 billion. These releases highlight the activity and continued growth of the crypto industry, even in volatile markets.
Among them, AEVO and PYTH have attracted much attention for their multi-billion-dollar injections, highlighting their market share and investor confidence.
Decentralized exchange AEVO plans to issue 827.6 million AEVO tokens on May 15, worth more than $1.25 billion at current valuations. This will increase AEVO's circulating supply by 757.95%.
PYTH Network, known for providing decentralized market data, plans to issue 2.13 billion tokens on May 20, worth about $1.21 billion, accounting for 141.67% of its existing circulating supply.
These changes are critical to projects and the wider market, affecting liquidity and potential price stability.
In addition to AEVO and PYTH, several other cryptocurrencies have been identified, such as DYDX, ENA, SUI, MEME, GAL, MAVIA, APT, STRK, ARB, APE, IMX, ROSE, PIXEL, and AVAX. They are also ready to be released in May, adding color to this month's token boom.
The altcoin market may see a surge. The period after Bitcoin halving usually leads to a market rebound for altcoins. The current market reflects past cycles, indicating an upcoming potential surge that could double the altcoin market value from the current approximately $1 trillion to $2 trillion.
Are there any new TOKENs that you are optimistic about above? Welcome to leave your comments 👇👇
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NexGami is set to revolutionize the gaming industry with SeaPAD Launchpad. 🔥🎮
The gaming industry is on the verge of a groundbreaking transformation, and NexGami is leading the way with its innovative SeaPAD Launchpad. This revolutionary platform is more than just another gaming hub; it’s a fusion of “Steam+Twitch” that promises to redefine the way we play, engage, and earn money in the gaming ecosystem.
Backed by industry giants like Polygon Ventures, Fundamental Labs, and Nasdaq MATH, NexGami is poised to make waves with its unique revenue model. Unlike traditional platforms, NexGami’s dividend distribution system ensures that a portion of each gaming project’s service revenue flows back to NexGami token holders, creating an inclusive and rewarding experience for all participants.
NexGami’s flagship game MetaMyth had an impressive debut. With over 470,000 registered users, 28,000 paying users, and $1.27 million in deposits in just one week, it’s clear that NexGami is on to something big.
NexGami takes investor protection very seriously, and SeaPAD IDO provides investors with 24-hour refund protection to ensure a safe and risk-free investment experience.
NexGami is more than just a gaming platform; it’s a game changer that promises to revolutionize the gaming industry as we know it. With its innovative approach, strong support, and commitment to investor protection, NexGami will shape the future of gaming in a way we’ve never seen before. Stay tuned as we witness NexGami’s journey to lead the way in gaming. #NexGami#SeaPad#IDO#PolygonVentures #Launchpad收起
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⭐️Analyst shares altcoins he believes will 3x profit against Bitcoin from current levels The analysis says altcoins have bottomed out and shares the tokens he believes will 3x profit against Bitcoin.
He chose these altcoins because he believes they have the least risk. Here is a list of 4 altcoins shared by the analyst: 🔺 OPTIMISM (OP) 🔺 LINK (LINK) 🔺 WOO (WOO) 🔺 TIA (TIA) 🔺 SKALE (SKL) However, the analyst said that he has less Bitcoin holdings than ever recently and is currently shifting to altcoins. However, he added that he will return to holding more Bitcoin in the future.
According to the analyst, ETH/BTC reached its highest level in the past two weeks and fell back, and believes that ETH has performed stronger than Bitcoin.
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🔥🔥 Important events affecting the crypto market! Here is what is happening right now:
Binance exits the US market: Due to regulatory pressure, Binance decided to exit the US market and paid a $3.4 billion fine to FinCEN and a $968 million fine to OFAC.
Zhao Changpeng's sentencing: Binance founder and former CEO Zhao Changpeng pleaded guilty to money laundering charges in November 2023 and will be sentenced on April 30.
Philippines Securities and Exchange Commission's Action: The Philippines Securities and Exchange Commission has ordered the removal of the Binance app from local app stores, citing investor safety issues and potential economic impact.
BNB Chain Innovation: $BNB Chain is migrating its native liquidity staking function to Binance Smart Chain (BSC), providing users with unique opportunities in decentralized finance.
Department of Justice's Position: The Department of Justice is pushing for a harsher 3-year sentence for former Binance CEO Zhao Changpeng.
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🔥Breaking news🔥HK Bitcoin and Ethereum ETFs have started trading in Hong Kong, but so far there is no exciting news in the report, as all activities in Asia always take place at night 💸
But analysts expect at least 1-3 billion in inflows by the end of this week⚠️
🔥Heavy news, revealing the trend of Shiba Inu coin in May🔥
Here’s where Shiba Inu price is headed in May, according to historical data
Shiba Inu price, along with the rest of the cryptocurrency market, has suffered from uncertain resistance as a massive sell-off has suppressed prices. However, as April draws to a close, crypto investors are looking forward to where prices are headed. One way to understand where prices are headed next is to use historical data, so historically, here’s how Shiba Inu has performed in May.
🔺 How Shiba Inu has performed in May
Historical data shows that May has not been particularly bullish for Shiba Inu price. According to the data, there have been more down months than up months in May, suggesting that this trend could continue.
The last time Shiba Inu price closed higher in May was in 2021, at the peak of the bull run. In May 2021, prices rose a total of 355%. However, the asset has been in the red since then in May.
In May 2022, SHIB price plunged 42.1%, continuing the bearish trend of 22% in April. The meme coin followed the same trend in May 2023, falling another 15.4% after closing April 2023 with a 6.41% drop.
Shiba Inu appears to be following the same trend as April 2024 is about to close with a drop of about 24%. If history repeats itself, then investors may see an average price drop of 20% over the next month.
🔺 SHIB Bear Market Dominates Price
Throughout April, bears have been in control of Shiba Inu price as the Bitcoin halving did not have the expected bullish effect. This continued until the end of the month, and as mentioned above, it looks like it will continue into the new month.
However, it is worth noting that the past two years when SHIB price fell in May were in a bear market, so a drop was expected.
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🔥Pre-order🔥Three Tokens That Whales May Be Positioning in Advance in May
Bitcoin’s BTCUSD has been experiencing mild price fluctuations despite the halving at the end of April. As a result, at the same time, institutional investors have begun accumulating altcoins to take advantage of the potential bull run that could occur in the crypto market once BTC rises. Analysts have revealed the three coins that these large wallet holders are most interested in.
Cardano Whales Add More ADA to Their Assets
Since November 2023, Cardano has been noticing increasing accumulation in the hands of whales. This continuous buying suddenly rose in the past few days as transactions worth more than $100,000 (usually associated with crypto whale transactions) surged.
While this has not translated into a bullish outcome for price action, Cardano’s price has certainly benefited from the increase in whale interest. Although these large wallet holders account for less than 10% of the circulating supply, their contribution to daily trading volume is crucial.
Therefore, crypto whales leaning towards ADA could prove to be a boon for altcoins.
Toncoin joins top crypto assets
As a result, whales jumped in to take advantage of any possible rally by accumulating TON. This can be seen in the surge in transactions worth over $100,000 and transactions worth over $1 million.
Over the past two months, the price of Toncoin has risen 238% from $2.14 to a peak of $7.24. However, the altcoin has since fallen to $5.35 as the market has cooled since the recent rally.
Arbitrum whales aim for profits
Despite the fact that Arbitrum’s price has been correcting for nearly two months, large wallet holders have been increasing ARB. While this may be an effort to prevent the price from falling further, crypto whales appear to be looking for the right selling opportunity.
The anticipation of a post-halving rally for BTC is one of the biggest drivers of cryptocurrency whale accumulation. However, crypto whales may also be looking forward to booking profits due to the upcoming unlocking of tokens on May 16. More than 3.5% of the circulating supply worth about $100 million will be put on the market.
This event could have a negative impact on the market. Therefore, crypto whales may try to sell before the tokens unlock in order to maximize their profits.
Transactions worth more than $100,000 and $1 million have been high over the past few weeks. This accumulation prevents the price of Arbitrum from falling below $1.00.
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SHIB Whales Enter the Market, Bad or Bullish? ? 🔥🔥👇👇
Shiba Inu Triggers 268% Surge in Whale Activity as Price Rises
Shiba Inu, a dog-themed cryptocurrency, has triggered a 268% surge in whale activity amid a price rally.
Over the past 24 hours, large transaction volume, which indicates whale activity (either buying or selling), increased by 268.26%. The amount of large transactions (defined as transactions worth more than $100,000) in the specified time frame was $98.12 million.
The large transaction volume increased significantly, from 1.07 trillion SHIB on April 28 to 4.17 trillion SHIB on April 29.
This increase in whale indicators follows a rebound in Shiba Inu's price, which has been falling for the past four days.
As SHIB’s price recovered, whales — large holders of cryptocurrencies — quickly took advantage of the opportunity, executing large trades and driving up high volumes. With large volume surging, it can be crucial to keep an eye on the net flows of large holders, which provides an idea of whale position changes.
In this regard, Shiba Inu has seen a net inflow of 309% over a seven-day period, suggesting that whales may be reducing their positions or selling as uncertainty looms in the broader crypto market.
At the time of writing, SHIB is trading at $0.0000235, up 4% over the past 24 hours. SHIB is down 12.05% over the past seven days. Shiba Eternity Gets New Upgrade
Shiba Inu CCG game Shiba Eternity has received a major upgrade, its third major update this month. The latest version, 1.2.7, features major enhancements designed to increase player interaction and strategic depth. The updated social menu now quickly loads and manages friend lists, making it easier than ever for gamers to connect.
Significant changes to the game mechanics affect fighters that passively use the beta. These fighters have been adjusted so that when they are destroyed, they no longer cause debuff damage to adjacent friendly fighters.
In other exciting news, the SHIB/JPY trading pair is now available on Binance Japan.
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🔥Beyond imagination🔥In a temple, a unique industrial chain was spawned with digital currency.
This world is so colorful. This morning, a friend called me and said he wanted to buy U, tens of millions of yuan, and asked me to help him contact the channel. Although I know him in reality, he doesn't know much about this field, and many of the news were told to him by me. So I asked curiously: Where did these funds come from? Why did such a large-scale transaction suddenly take place?
He said: A temple over there wants to buy U. The money is legal, and the transactions are open and transparent, and can be carried out in batches.
I have heard that some dishonorable funds will be laundered through temples before: For example, some leaders promised to handle billions of projects for someone, and the other party donated billions directly to the temple.
With money, expansion is needed, so bidding and manipulation of bidding are also quite easy! Follow a set of procedures; the project naturally falls into the hands of their own contractors, and basically everyone from general contracting to subcontracting is their own people.
But my friend wants to buy U, which confuses me? Is it to hoard U? Or is it looking forward to appreciation?
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🚀🚀🚀Pepe Coin Channel Breakout Pattern Shows Price Rise to $0.00001.
The cryptocurrency market has been in sideways movement for the past two weeks, reflecting the uncertain sentiment among investors regarding the Bitcoin halving. While the BTC price is still fluctuating around $63,000, the frog-themed memecoin Pepe has transcended this general sentiment and is showing a significant rise on the daily chart.
The PEPE Coin price is currently trading at $0.0000076, having recovered 65% from the low of $0.0000046. During the rise, cryptocurrency buyers decisively exited the channel pattern, indicating higher growth potential.
Pepe Coin Breakout from Channel Pattern Points to Price Rally to $0.00001
Will Pepe Coin's Recent Exit Lead to a 45% Rise?
On April 23, the Pepe Coin price formed a decisive refraction channel pattern on the daily chart. Breakout from this chart pattern suggests a maturation of a decelerating trend and a re-emergence of recovery awareness among investors.
Currently, the breakout rally stands above the breakout trendline due to a lack of valid support from bullish momentum and volume. However, the intraday 3.75% increase created an engulfing bullish candle and quickly changed the dynamics in favor of bulls.
While the overnight recovery mimicked the Morning Star pattern, the uptick following the retest aims to surpass the $0.0000092 peak. Moreover, the December holiday will occur in a shorter time frame, which would support the bullish move. Given that the overall market recovery coincides with the timing of Pepe’s exit rally, the meme coin could reach the upper limit of $0.0000108, which would represent a 45% upside.
On the other hand, a bearish trend could drop #PEPE’s valuation below the $0.00000663 support level.
Technical Indicators Relative Strength Index: The daily RSI slope above the 50% midline reflects the bullish trend for the asset.
EMA indicator: The token price managed to achieve a bullish pivot from the 100D EMA, avoiding any strong bearish impact.
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🔥Must See💥 Memecoin Price Analysis: Is It Time For DOGE, PEPE, SHIB To Rise?
As the largest memecoin, DOGE price is experiencing a steady increase in supply amid a general slowdown across the market. This has resulted in a resistance trendline and a strong secondary downside wave within a descending channel.
While sellers are checking the key support area of $0.1430 for bull dominance, chances of a breakout are increasing. However, an optimistic eye would like to see a double bottom bull reversal as the 4-hour RSI line shows a bullish trend.
If the bullish momentum rises in the support area, DOGE price can challenge the $0.185 mark or the 50% trend-based Fibonacci level. On the other hand, a break below $0.1430 will test the $0.1288 level.
Shiba Inu Trapped in a Triangle After Dogecoin, Shiba Inu holds the second most dominant position in the memecoin industry. With a market cap of $14.8 billion, the price of#SHIBhas fallen by 22% in the past seven days. Currently, the memecoin is testing the support trendline of a triangle pattern formed by 4 bear candles on the 1D chart. However, the low range candlesticks close to the support trendline accompanied by a decreasing volume increase the chances of a bull trend reversal.
If the reversal bounce results in an uptrend, the SHIB price could reach $0.00004382. On the other hand, a downtrend could lead to a retest of $0.00001833.#PEPEstruggles after retest With a quick recovery of 21% last week, PEPE is performing like a dark horse in the memecoin industry. The frog-themed coin is struggling for a boost on a retest as the resistance line rises above the trendline.
PEPE failed to break above the 50% Fibonacci level of the $0.000007662 and $0.0000080 resistance areas, showing an intraday decline of 4.19%. Considering that the upward trend has given PEPE an extra boost, the possibility of breaking through $0.0000080 exists in October. In this case, the upward trend may reach the $0.000010 level. #DOGEUSDT
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⭐️ 9 New FUDs Emerge After Halving: Research Firm Reveals Future Bullish Trends to Fight FUD
Analysts share their views on the fear, uncertainty, and doubt (FUD) factors currently affecting the crypto market. The firm also reveals potential bullish catalysts that could shape the market in the near future.
Several FUDs Emerge After Bitcoin Halving:
🔺 Rumors of Ethereum Spot ETF to be Rejected in May.
🔺 US Seeks 36-Month Prison Sentence for CZ.
🔺 Mt. Gox’s $9 Billion Bitcoin Refund.
🔺 Rate Cuts May Be Delayed.
🔺 SEC Issues “Wells Notice” to ConsenSys.
🔺 DTCC “Writes Down” FUD. Forbes Top 20 Zombie Coins List
🔺 FBI warns against using unregistered crypto brokers
🔺 SEC delays decision on Bitcoin ETF options
Interestingly, according to analysts, these FUDs come at the exact time of Bitcoin halving.
Pessimism begins to dominate the news, similar to the trend observed last September.
Despite these FUDs, analyst Layergg remains bullish on the cryptocurrency market. The market does not rise in a straight line, and temporary price pullbacks during bull runs are just “healthy” adjustments.
Factors that continue to support the bull market:
🔺 Bitcoin ETF approved
🔺 Dencun upgrade (EIP-4844)
🔺 Bitcoin halving
🔺 Stablecoin market capitalization rise
However, the analysis company shared some trends that may become catalysts for the market in the future:
🔺 AAA Web3 game release
🔺 Global companies entering the crypto space
🔺 The influx of traditional financial institutions
🔺 US currency
🔺 Ethereum ETF approved
🔺 The upcoming US presidential election
"In the end, those who wait patiently will have the last laugh."
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🔥 Two cryptocurrencies are blazing a path to hit a $100 billion market cap in May!
♦️ **BNB Chain (BNB):**Binance’s native token, BNB, is on track to surpass the $100 billion mark. With strategic expansion and innovation, BNB’s recent quarterly burn has taken millions of BNB out of circulation, increasing its scarcity and value. 35 new dApps have joined its ecosystem, expanding utility and demand, pushing BNB closer to its milestone.
♦️ **Solana (SOL):**As the fifth-largest cryptocurrency, SOL boasts a $70 billion market cap and strong investor confidence. Despite network glitches, SOL has remained resilient, fueled by the success of meme coins like WIF and BONK, which have driven up volumes and prices. The vibrant Solana ecosystem has seen an increase in DEX trading and new projects, painting a bright future for SOL.
Pay attention to $BNB and $SOL , they are moving towards the $100 billion club! #BNB币 #SOLUSDT
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🚨 Crypto News Flash! 🚨 Here are the exclusives from the past 12 hours:
• Justin Sun reveals: No Ethereum ETF in May, but he bought over $600M of $ETH!
• This week’s preview of Eigenlayer coming soon — $ETHFI holders are on edge!
• $EWT -#MiyaHedgedigs up interesting connections between#energywebxand BlackRock.
• $LDO - Lido is buzzing with new Paradigm-related tokens and airdrops.
• $NAKA - Nakamoto Games prepares to launch P2E game, revealed
• $MEME - Get ready! $150M worth of $MEME to be unlocked on May 3rd!
• $MSN - Meson Network prepares to launch staking. Stake your stake ASAP!
• $PUPS - PUPS team is testing Runes migration, token split and CEX listing coming soon!
• $RLB - RLB on Solana migrates to Ethereum, remaining tokens face a hot furnace! • $SUI - $826M in SUI unlocks May 3rd - time to mark those calendars! • $VANRY - Vanar Chain accelerates mainnet launch, previews exciting partnerships and adoption! • $XTZ - Tezos previews big news for Manchester United - stay tuned for kickoff in the next 24 hours!
The crypto world never sleeps, and neither do we! Stay tuned for more updates! 🌐✨
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🔥Shock🔥 Be cautious when buying MEMEcoin, especially during a massive sell-off by insiders or snipers. Not following this advice can lead to significant losses, as one trader experienced. 👇
In less than 30 minutes, this trader invested 1,600 SOL to buy COOL tokens, but ended up selling them for only 532.58 SOL.
This quick trade resulted in a loss of 1,067.42 SOL ($152,000).
🔥 Stay tuned, crypto enthusiasts! 🔍 Analysts predict some exciting developments for altcoins this week! Here’s what’s coming up:
🔺 **Ethereum Focus**: 🌐 $OP, $LDO, $ETHFI Ethereum’s recovery could be great news for related tokens like OP, LDO, and ETHFI. 📈
🔺 **Theta Network**: 🌐 $THETA Get ready for the EdgeCloud launch on May 1st! 🚀 This hybrid cloud computing platform could shake up the market and spark interest in THETA. 💻
🔺 **Bitcoin Focus**: 🌐 $BTC Keep an eye on the Fed’s rate decision this Wednesday — it will impact all markets, including Bitcoin. 💰 Also, with the upcoming launch of the Hong Kong Bitcoin ETF, new liquidity could flood the market! 🌊
🔺 **DYDX Unleashed:** 💥 $DYDX Get ready to unlock $70 million worth of DYDX tokens on May 1st! 🗝️ This represents 10.7% of the circulating supply. 💰
🔺 **Renzo Protocol:** 🔄 $REZ Renzo Protocol will launch its token REZ on April 30th! 🚀 Don’t miss out on the airdrop for users who stake BNB or FDUSD on Binance. 🎁