Over the past week, $SAFE has experienced a notable 15% price surge, attracting significant attention from major players in the crypto market. Among them, Wallet 0x011, likely associated with Amber Group, has been particularly active. 

Recently, this wallet withdrew 499,995 SAFE, valued at approximately $1.09 million, from Gate.io at a price of $2.188 per token.

In total, Amber Group has reportedly withdrawn 1.077 million SAFE from both Gate.io and Bybit at an average price of $2.204, amounting to an estimated cost of $2.37 million within the last two hours alone. 

This aggressive accumulation has increased Amber Group’s total holdings since April 27, 2024, to an impressive 5.19 million SAFE. The estimated total cost for these holdings is around $11.09 million, with an average purchase price of $2.135 per token.

Wallet 0x011 (likely @ambergroup_io) further withdrew 1.08M $SAFE ($2.37M) from CEX in the past 3 hours.

Since Apr 27, Amber Group has allegedly withdrawn 5.19M $SAFE ($11.09M) from #Bybit and #Gate.io at an avg price of $2.135!

And currently holds these tokens across 2 wallets… https://t.co/R6OoYt7UCx pic.twitter.com/K3Lpdcm0qi

— Spot On Chain (@spotonchain) May 20, 2024

Amber Group Now Holds 5.19 Million SAFE Tokens

Currently, Amber Group holds these 5.19 million SAFE tokens, now valued at approximately $11.37 million, across two wallets: 0x011 and 0x63f. This strategic accumulation has resulted in an unrealized profit of approximately $284,000, representing a 2.57% gain.

Amber Group’s continued investment in $SAFE amidst its recent price surge highlights their confidence in the token’s potential. Their systematic accumulation suggests a long-term bullish outlook, as they maintain substantial holdings and show no immediate signs of liquidation.

The steady rise in $SAFE’s value, coupled with the significant investment from a prominent venture capital firm like Amber Group, could indicate further positive momentum for the token in the near future.

As the market continues to monitor these developments, Amber Group’s actions will likely be seen as a strong endorsement of $SAFE’s potential, encouraging other investors to follow suit.

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 post Amber Group’s Strategic Accumulation Of $SAFE Amid 15% Price Surge appeared first on The Merkle News.

Bitcoin is currently trading just above $68,000, a notable increase from its recent price of $66,100. Despite this positive trend, many small traders have continued to liquidate their holdings, contributing to a shift of coins from smaller to larger wallets. 

Historically, this behavior has been a bullish indicator for Bitcoin, signaling that larger, more experienced investors are accumulating the cryptocurrency.

🐟👋 #Bitcoin is dancing just above $66.1K as small traders continue to #liquidate their holdings despite the #crypto bounce over the past week. Historically, small wallets dumping their coins to larger wallets is an encouraging and #bullish sign for $BTC . https://t.co/wlz4XPhfMD pic.twitter.com/dTJAy5G6pL

— Santiment (@santimentfeed) May 19, 2024

Since the launch of Bitcoin ETFs, there has been a significant surge in the amount of Bitcoin held by addresses with over 1,000 BTC, commonly referred to as ‘whale’ addresses.

According to data from IntoTheBlock, these addresses have added an impressive 250,000 BTC to their holdings. This accumulation has brought their total Bitcoin holdings back to levels seen before the FTX collapse in November 2022.

https://twitter.com/PinnacleCrypt/status/1792520816120250680?t=1M405kcy1H512CEUaWp_TA&s=19

Renewed Interest As Whales’ Activity Continues On Bitcoin 

The increase in whale holdings suggests a renewed interest and confidence in Bitcoin among institutional investors, exchanges, and high-net-worth individuals.

This trend indicates that large-scale investors are increasingly seeking exposure to Bitcoin through ETFs and other investment vehicles, reflecting a shift in market sentiment towards a more bullish outlook.

With over 530,000 $BTC transacted at $66,250, this is a crucial support level! If it holds, #Bitcoin has strong potential for further gains. pic.twitter.com/9e9Y939Hn3

— Ali (@ali_charts) May 20, 2024

Additionally, Bitcoin’s recent transaction volume has been substantial, with over 530,000 BTC transacted at the crucial support level of $66,250. If this support level holds, Bitcoin has strong potential for further gains, bolstered by the increasing confidence of large investors and the stability provided by ETF-related purchases.

Overall, the recent surge in whale accumulation and the stabilizing price of Bitcoin above key support levels suggest a positive outlook for the cryptocurrency. As institutional interest continues to grow and more investors seek exposure to Bitcoin, the market appears poised for continued strength and potential upward momentum.

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 the recent plunge in the price of $GME, which has declined by over 42% in the past week, one strategic trader has capitalized on the fluctuations to realize significant profits.

This trader recently spent 3,059 SOL, equivalent to $526,000, to purchase 78.57 million $GME at a price of $0.0067.

This is not the first time the trader has engaged with $GME. On February 15 and 16, the same individual invested 1,409 SOL, or $165,000, to acquire 68 million $GME at a notably lower price of $0.0024.

Holding onto the tokens for three months, the trader saw an opportunity as $GME’s price began to rise. On May 13 and 14, they sold 35 million $GME for 3,447 SOL, amounting to $503,000, at a significantly higher price of $0.0144.

Since the price of $GME dropped, a trader spent 3,059 $SOL($526K) to buy 78.57M $GME at $0.0067.

This trader spent 1,409 $SOL($165K) to buy 68M $GME at $0.0024 on Feb 15 and Feb 16.

After holding it for 3 months, $GME ushered in a rise.

He sold 35M $GME for 3,447 $SOL($503K)… pic.twitter.com/CKzT3XvzIM

— Lookonchain (@lookonchain) May 20, 2024

Currently, the trader holds a substantial 111.57 million $GME, valued at approximately $781,000. This strategy has resulted in a total profit of around $593,000, demonstrating the trader’s adeptness at navigating the volatile market conditions.

$GME Price Action To Monitor 

Interestingly, $GME has seen a resurgence, with its price increasing by 8% today. This uptick further underscores the potential for savvy traders to profit even amid broader market declines. The trader’s ability to identify buying opportunities during dips and capitalize on subsequent price increases highlights the importance of strategic timing and market analysis in cryptocurrency trading.

As $GME continues to experience fluctuations, this trader’s success story serves as a reminder of the opportunities that exist within the volatile crypto market for those who can accurately predict price movements and act decisively.

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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Litecoin continues to assert its dominance in the cryptocurrency transaction space, holding the top spot for transactions on BitPay for the fifth consecutive month.

Averaging over 40% of all transactions this year, Litecoin’s transaction volume surpasses the combined total of the next three most-used cryptocurrencies on the platform.

Litecoin is by far #1 for transactions, actually for the fifth month in a row, on @BitPay. Averaging this year with over 40% of all their transactions. Actually, more than the next three combined. 🤯

But, there's a new chart to track, Payouts! And $LTC is tied for the top spot.… pic.twitter.com/1jmQY8HErg

— Litecoin (@litecoin) May 20, 2024

This significant usage underscores Litecoin’s growing acceptance and utility in the digital payments ecosystem. Alongside its transaction prowess, Litecoin has also seen substantial interest from large-scale investors, commonly referred to as whales. Over the past month, these whales have accumulated $2.75 million worth of Litecoin, totaling a staggering $230 million.

🐋Litecoin whales have amassed $2.75M worth of $LTC , totaling $230M over the past month.

📌Notably, 900K $LTC were acquired in a single day on May 10th.

With #Litecoin currently trading at $83.39, what might this signify for its future trajectory? 📈 pic.twitter.com/mDoRzshsXD

— TheNewsCrypto (@The_NewsCrypto) May 20, 2024

In a particularly notable instance, on May 10th, Litecoin whales acquired 900,000 LTC in a single day. This marked the highest daily net inflow since February, highlighting a strong surge in institutional and large-scale investor interest. According to data from Intotheblock, a total of 2,751,633 LTC were accumulated by whale addresses in the past 30 days.

Litecoin whales accumulated 2,751,633 LTC in the past 30 days.

On May 10th, these addresses had a net inflow of over 900k $LTC , the highest daily amount since February. pic.twitter.com/oDR4QG1Xjt

— IntoTheBlock (@intotheblock) May 20, 2024

Good Sentiment Around Litecoin Following Whales Accumulation 

The accumulation trend among Litecoin whales signals strong confidence in the cryptocurrency’s future prospects. This strategic buying behavior not only supports the price of Litecoin but also indicates a belief in its long-term value and utility.

As Litecoin continues to lead in transaction volume on BitPay and attract significant whale investment, its position in the cryptocurrency market appears increasingly robust. These developments suggest that Litecoin is not only a preferred choice for everyday transactions but also a valuable asset for large investors looking to secure their holdings in a reliable and widely-used cryptocurrency.

With its combination of high transaction volume and substantial whale accumulation, Litecoin is well-positioned to maintain its prominence in the digital currency landscape. As more investors and users recognize its advantages, Litecoin’s influence and adoption are likely to grow even further.

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 post Litecoin Dominates BitPay Transactions As Whales Amass $230M In LTC appeared first on The Merkle News.

The recent memecoin surge has seen significant whale activity, notably with Whale 0x541 depositing all 197.99 billion Shiba Inu (SHIB) tokens, valued at $4.88 million, to Coinbase at $0.00002463 after six months of inactivity. 

This move marks a significant profit for the whale, who originally acquired these tokens at an average price of $0.000008468.

Between October 10, 2021, and September 11, 2023, Whale 0x541 accumulated SHIB tokens from Coinbase and decentralized exchanges (DEXs) at an estimated cost of $1.68 million.

If the whale sells at the current price, the estimated profit would be $3.2 million, a substantial 191% gain after holding the tokens for approximately 2.6 years.

A whale just took a $3.2M (x2) profit from $SHIB after 2.6 years!

The whale bought 199B $SHIB (est. cost: $1.68M) from #Coinbase and DEX between Oct 10, 2021, and Sep 11, 2023,

And then deposited all $SHIB (now $4.88M) to #Coinbase 3 hours ago, realizing an est. profit of $3.2M… pic.twitter.com/rMkMf7Z13i

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

Whale Makes Premature Decision On SHIB Investment 

This successful trade contrasts sharply with an earlier loss the whale incurred in 2021.

Initially, Whale 0x541 bought 138.568 billion SHIB at an average price of $0.000008385, shortly after Vitalik Buterin’s high-profile donation of $1 billion worth of Shiba Inu to India Covid relief on May 12, 2021.

However, the whale’s timing was off, as they sold the tokens too early at $0.000007117 on September 26, 2021, resulting in a loss of $176,000 (15.1%) just before SHIB’s price soared to its all-time high.

This recent profitable transaction highlights the volatility and potential rewards within the memecoin market. The whale’s ability to hold onto SHIB through various market fluctuations and capitalize on the recent surge underscores the importance of strategic patience and timing in cryptocurrency trading.

As the memecoin sector continues to experience significant movements, traders and investors alike will be watching closely to see if the current trend can sustain its momentum or if further corrections are on the horizon.

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 post Whale Deposits 198 Billion SHIB To Coinbase, Realizing Massive Profit Amid Memecoin Surge appeared first on The Merkle News.

Pump.fun, a popular platform, faced a significant security breach today, resulting in the loss of 12,300 SOL tokens, valued at approximately $2 million.

The exploit impacted around 1,882 wallets and has been attributed to a former employee known as @STACCoverflow on X.

The attacker’s motivation appears linked to allegations of financial misconduct by Pump.fun’s founders. In a revealing post, @STACCoverflow claimed, “The founders withdrew 2m from treasury yesterday. Let them pay for it.”

This accusation corresponds closely with the amount stolen, suggesting a retaliatory motive.

Pump fun(@pumpdotfun) was exploited for 12.3K $SOL ($2M) today!

Involving as many as 1,882 wallets!

1/ How did it happen? pic.twitter.com/BETiFGSLu5

— Lookonchain (@lookonchain) May 17, 2024

The breach was executed through a flash loan attack after the attacker gained access to Pump.fun’s service account key.

Flash loan attacks allow users to borrow large sums of cryptocurrency without collateral, provided the borrowed amount is returned within the same transaction. This method is often used to exploit vulnerabilities in smart contracts.

Pump.Fun Team Responds Quickly, Removing Trading Fees Temporarily 

Despite the severe breach, the Pump.fun team responded quickly by redeploying their contract. Trading has resumed on the platform, with a temporary suspension of trading fees for the next seven days to encourage user activity and trust.

Additionally, Pump.fun has committed to replenishing the liquidity pools (LPs) for each affected coin within the next 24 hours to mitigate the damage.

Interestingly, @STACCoverflow has launched a new memecoin to capitalize on the notoriety of the exploit. The creation of this coin seems to be an attempt to further profit from the incident, leveraging the attention and controversy surrounding the attack.

While the immediate aftermath of the exploit has been chaotic, the swift actions by the Pump.fun team to address the breach and support affected users highlight their commitment to security and user trust. 

The incident serves as a stark reminder of the ongoing security challenges within the cryptocurrency space and the need for robust safeguards against insider threats and technical vulnerabilities.

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 post Pump.fun Exploited For $2M In SOL By Former Employee appeared first on The Merkle News.

The price of Real-world Asset (RWA) token ONDO surged nearly 14% in the past 24 hours. This spike followed the successful completion of a fund data tokenization pilot by DTCC and Chainlink, involving major U.S. banks, which has attracted significant whale investments.

A new whale investor, identified by the address 0x803, has made substantial moves in the ONDO market. In the past few hours, this whale swapped 640 ETH, worth approximately $1.94 million, for 2.048 million ONDO tokens at an average price of $0.944.

The price of #RWA token $ONDO pumped ~10%, after DTCC, #Chainlink completed fund data tokenization pilot with U.S. banks!

In the past 17 hours, New whale 0x803 withdrew 957 $ETH from #Gemini and has swapped 796.3 $ETH ($2.38M) for 2.64M $ONDO at ~$0.902!

The $ONDO buying is… pic.twitter.com/PP8FNUmPWC

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

Over the past 17 hours, the whale has been actively accumulating ONDO tokens. The activity includes:

– Withdrawing 1,257 ETH from Gemini at an average price of $3,005 each, totaling an estimated cost of $3.78 million.

– Swapping 996.3 ETH for 3.275 million ONDO tokens at an average price of $0.912, costing around $2.99 million.

The Whale Still Holds 240 ETH, What’s The Next Move?

Currently, the whale still holds 240.5 ETH, valued at approximately $731,000, indicating the potential for further swaps into ONDO.

This recent whale activity underscores the growing interest and confidence in ONDO, especially following the high-profile tokenization pilot by DTCC and Chainlink. The pilot’s success demonstrates the potential of blockchain technology to revolutionize the financial industry by enabling more efficient and transparent fund data management.

As ONDO continues to attract substantial investments, its market performance will likely be closely watched by traders and analysts. The ongoing whale accumulation suggests a bullish outlook for the token, particularly if similar institutional initiatives continue to drive innovation and adoption in the blockchain space.

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 post ONDO Token Soars 14% Following DTCC and Chainlink’s Fund Data Tokenization Pilot appeared first on The Merkle News.

In a highly orchestrated maneuver, the deployer of the Wall Street Baby ($WSB) token managed to pocket nearly 5,000 SOL, equivalent to $810,000, in just one hour through a strategy of sniping and dumping the newly deployed tokens.

The deployer initiated the process by deploying 1 billion $WSB tokens. Of these, 600 million $WSB tokens, along with 400 SOL, were added to the liquidity pool, leaving the deployer with 400 million $WSB tokens.

Before trading began, the deployer set up 32 separate wallets, distributing a total of 643 SOL among them. At the launch of trading, these wallets successfully sniped 362 million $WSB tokens, which represented 36.2% of the total supply.

The deployer of #WallStreetBaby has made nearly 5K $SOL($810K) in just 1 hour by sniping and dumping $WSB!

Amazing gains!

The deployer deployed 1B $WSB, adding 600M $WSB and 400 $SOL to liquidity, leaving 400M $WSB.

Before opening trading, the deployer created 32 wallets and… pic.twitter.com/09wa9A0ah0

— Lookonchain (@lookonchain) May 16, 2024

$WSB Developer Makes Massive Gains Selling Off Tokens 

In a rapid series of transactions, the deployer then sold these 362 million $WSB tokens, earning 4,371 SOL, approximately $708,000. 

The deployer didn’t stop there. The remaining 400 million $WSB tokens were distributed across more than 100 additional wallets. From these, 210 million $WSB tokens were sold for 1,250 SOL, roughly $202,000. The fate of the remaining 190 million $WSB tokens remains uncertain and harder to track.

Through this meticulously planned and executed strategy, the deployer has successfully earned nearly 5,000 SOL, totaling approximately $810,000. 

This incident highlights the potential for significant gains through strategic token sniping and dumping, but it also underscores the risks and volatility inherent in the cryptocurrency market. As always, investors should approach new token launches with caution and remain vigilant against such market manipulations.

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 post Wall Street Baby Deployer Nets $810K In Just One Hour by Sniping And Dumping $WSB appeared first on The Merkle News.

Blur, a popular token in the crypto market, recently unlocked 35.54 million BLUR tokens, worth approximately $12.9 million, from the lockup contract just two hours ago.

These tokens were promptly moved to Coinbase for distribution. 

This event is part of a broader trend, with a total of 690.8 million BLUR tokens, now valued at $256 million, or 23% of the total supply, being unlocked since June 15, 2023.

Since the beginning of 2024, BLUR has exhibited a pattern of short-term bullish pumps following token unlocks, only to experience a subsequent decline.

Despite occasional positive price movements immediately after these unlocks, the overall trend has been downward. Over the past 90 days, BLUR has lost up to 48% of its value, reflecting a significant bearish sentiment in the market.

35.54M $BLUR ($12.9M) was unlocked from the lockup contract and moved to #Coinbase for distribution ~ 5 hours ago.

In total, 690.8M $BLUR (now $256M), or 23% of the total supply, have been unlocked since Jun 2023.

Since the start of 2024, the $BLUR price has shown short-term… https://t.co/hL1pmwRIsM pic.twitter.com/ok2bz5kmth

— Spot On Chain (@spotonchain) May 16, 2024

Large Scale Blur Distribution Post-Unlock Phase Plays A Role

The large-scale distribution of tokens post-unlock plays a crucial role in this trend. As more tokens become available in the market, the increased supply often leads to downward pressure on the price. This phenomenon is evident with BLUR, where the influx of newly unlocked tokens typically results in a temporary boost in price, followed by a prolonged decline.

This ongoing trend highlights the challenges faced by BLUR in maintaining its price stability. Investors and market participants should take note of these unlock events and the associated price fluctuations. The pattern of short-term pumps followed by long-term declines suggests that while there may be opportunities for quick gains, the overall market outlook remains cautious.

As BLUR continues to navigate these market dynamics, it will be crucial for stakeholders to monitor unlock schedules and distribution activities closely. Understanding these patterns can provide valuable insights for making informed investment decisions in the volatile crypto market.

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 post Blur Token Experiences Significant Unlock and Decline appeared first on The Merkle News.

The recent surge in memecoins has continued to generate substantial profits for traders. Notably, one trader has made a remarkable $1.17 million from investments in $GME and $AMC.

On May 13, following the return of @TheRoaringKitty on X, this trader spent 645 $SOL to purchase 30.8 million $GME and 327 $SOL to buy 27.6 million $AMC within 8 to 11 hours of the post.

As of now, the trader’s holdings in $GME and $AMC have skyrocketed in value to 4,536 $SOL (a 7x increase) and 4,590 $SOL (a 14x increase), respectively.

This trader is making $1.17M from #memecoins $GME and $AMC!

On May 13, the trader spent 645 $SOL to buy 30.8M $GME and 327 $SOL to buy 27.6M $AMC between 8 and 11 hours after @TheRoaringKitty posted his return on X.

Now, the trader’s $GME and $AMC holdings are worth 4,536 $SOL… pic.twitter.com/aoOhtEuqwP

— Spot On Chain (@spotonchain) May 15, 2024

Another adept trader capitalized on the memecoin frenzy, making $576,000 on $GME in less than two days. This trader, possibly inspired by @TheRoaringKitty, identified the opportunity just 8 minutes after the influential post and invested 200 $SOL ($29,000) to acquire 43.86 million $GME.

After the price surged, the trader sold 6.12 million $GME for 400 $SOL ($58,000), doubling the initial investment with 200 $SOL as realized profit.

This smart trader made $576K on $GME in less than 2 days!

This trader, possibly a fan of @TheRoaringKitty, spotted the trading opportunity 8 minutes after @TheRoaringKitty posted and spent 200 $SOL($29K) to buy 43.86M $GME.

After the price increased, he sold 6.12 $GME for 400… pic.twitter.com/WyDSbErb41

— Lookonchain (@lookonchain) May 14, 2024

More Whale Traders Makes Moves On Memecoins Following Recent Retracement 

When $GME’s price dipped, the trader reinvested the 200 $SOL profit to buy 4.14 million $GME at the lower price. A few hours ago, they sold 11.88 million $GME for 1,358 $SOL ($198,000), retaining 30 million $GME valued at $378,000. 

Despite a 20% decline in $GME’s price over the past 24 hours, two newly created wallets have taken advantage of the dip. These wallets withdrew 3,045 $SOL ($438,000) from Kucoin and bought 22.79 million $GME at an average price of $0.019, demonstrating continued interest and strategic trading in the memecoin market.

2 newly created wallets withdrew 3,045 $SOL($438K) from #Kucoin and bought 22.79M $GME at an average price of $0.019.https://t.co/lreWpZPdznhttps://t.co/KKi6cTY5BY pic.twitter.com/pIEvVxE8wi

— Lookonchain (@lookonchain) May 15, 2024

The recent activity in memecoins like $GME and $AMC underscores the dynamic nature of the cryptocurrency market, where timely investments and quick responses to market trends can yield significant returns.

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 post Recent Surge In Memecoins Yields Significant Profits For Traders appeared first on The Merkle News.

Bitcoin has surged back to the $63,000 mark today, yet the largest cryptocurrency continues to face resistance as it attempts to climb higher.

A key factor contributing to this struggle is the significant number of Bitcoin holders who purchased their assets between the current price and approximately $65,000. 

You may have noticed Bitcoin facing repeated rejections as it attempts to move higher.

Here's why: 3.5 million addresses acquired Bitcoin between the current price and ~$65k, and they are currently holding at a loss.

In this uncertain market, these addresses generate… pic.twitter.com/cCGmZv2MHu

— IntoTheBlock (@intotheblock) May 14, 2024

These 3.5 million addresses are currently holding at a loss, creating substantial selling pressure as they reach their break-even point. For Bitcoin to achieve a true breakout, it must overcome this resistance at $65,000.

Adding to the complexity of the market, the US Government has become a notable holder of Bitcoin, now possessing around 1% of the total supply. This accumulation is largely due to the seizures of Bitcoin from incidents such as the Silk Road and Bitfinex hacks. 

The US Government has emerged as a significant holder of #Bitcoin, with holdings now representing around 1% of the total supply. This accumulation primarily stems from the seizures of Bitcoin from Silk Road and Bitfinex hacks. Despite legal complexities, the government's cautious… pic.twitter.com/0GRUAK5NJG

— 🪶ALTCOIN DADDY 🇹🇹🇳🇬 {A.D}𓃵 (@Altcoin_daddy) May 14, 2024

Despite the legal challenges associated with these assets, the government’s cautious approach to selling them has effectively turned these holdings into long-term investments.

Occasional wallet rotations hint at preparations for future sales or the handling of new seizures, but for now, these assets remain largely untouched.

Two Consecutive Days Of Bitcoin Net Inflow Being Positive 

In the realm of Bitcoin ETFs, net inflows on May 14, 2024, totaled $101 million, marking two consecutive days of positive net inflows.

Notably, the Grayscale Bitcoin Trust (GBTC) experienced a single-day outflow of $50.9 million after a day of zero flow, indicating some volatility among institutional investors. In contrast, the BlackRock Bitcoin ETF (IBIT) has seen no activity for the past 15 trading days.

🚨 $BTC #ETF Net Inflow May 14, 2024: +$101M!

• The net inflow has been positive for 2 trading days.

• #Grayscale ETF GBTC experienced a single-day outflow of $50.9M again after a day of zero flow.

• The single-day flow of #BlackRock ETF IBIT remains zero and has been… pic.twitter.com/T9btDfxqRe

— Spot On Chain (@spotonchain) May 15, 2024

Despite this stagnation, six out of eight other US Bitcoin ETFs recorded single-day inflows, with the ARKB ETF leading the pack with $133 million. These inflows suggest continued interest and confidence in Bitcoin ETFs, even as the market navigates its current challenges.

As Bitcoin strives to surpass the critical $65,000 resistance level, market dynamics, including significant government holdings and fluctuating ETF inflows, will play crucial roles in determining its trajectory. For now, investors are keeping a close eye on these developments, hoping for a decisive breakout.

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 post Bitcoin Faces Resistance At $65K Amid Surge To $63K appeared first on The Merkle News.

The popular meme coin $PEPE hit a new all-time high yesterday, pushing all addresses into profit territory before experiencing a minor 3% decline today.

Operating as an ERC-20 token on the Ethereum blockchain, $PEPE employs a redistribution system that rewards long-term stakers, incentivizing commitment to the project.

Who needs to be an early buyer to earn 8x from $PEPE?

This whale is making $13.67M (+875%) from $PEPE in 3 months!

Between Dec-1-23 and Feb-12-24, the whale spent $1.56M to buy 1.40T $PEPE.

Then, 14 hours ago, the whale sold 140.4B $PEPE for 1.57M $DAI at the new ATH of $PEPE,… pic.twitter.com/nY8yi0gsWA

— Spot On Chain (@spotonchain) May 15, 2024

This recent surge has significantly benefited large holders. On-chain reports reveal that a whale has made an impressive $13.67 million (+875%) from $PEPE in just three months. 

Between December 1, 2023, and February 12, 2024, this whale invested $1.56 million to acquire 1.40 trillion $PEPE. 

Just 14 hours ago, the whale sold 140.4 billion $PEPE for $1.57 million in DAI at $PEPE’s new ATH, effectively recovering their initial investment. The whale still retains 1.26 trillion $PEPE, valued at $13.7 million, representing pure profit.

Another $PEPE Whale Trader Bags Massive Profits 

Another significant winner in the $PEPE frenzy sold 255 billion $PEPE for $2.3 million in profits following the coin’s price increase. This investor initially spent a mere $3,000 to purchase 4.9 trillion $PEPE, currently worth $56 million, on April 15, 2023. 

Since then, they have sold 1.41 trillion $PEPE for $7.4 million, with 3.5 trillion $PEPE, valued at $38.9 million, still in their possession. 

This transaction has resulted in a staggering total profit of approximately $46.3 million, marking a gain of 15,718 times their original investment.

Earned more than $46M on $PEPE with only $3K, a gain of 15,718x!😱

This super big winner sold 255B $PEPE($2.3M) for profits again after the price of $PEPE increased.

He spent only $3K to buy 4.9T $PEPE($56M currently) on Apr 15, 2023, and sold 1.41T $PEPE for $7.4M, with 3.5T… pic.twitter.com/VKGxmK9gCt

— Lookonchain (@lookonchain) May 15, 2024

The $PEPE token’s recent performance underscores the potential for significant gains in the volatile world of meme coins. As $PEPE continues to attract attention and investors, its innovative reward system and the substantial profits realized by early adopters are likely to fuel further interest and speculation in the market.

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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Keith Gill, famously known as Roaring Kitty, reemerged on Sunday, reigniting excitement reminiscent of the 2021 GameStop breakout. Gamestop’s astonishing 74% surge triggered a frenzy among crypto traders, leading to massive pumps in memecoins on Monday.

One of the top trending coins, $MEME , surged due to its association with other assets in the same space experiencing significant breakouts.

Notable mentions include $GME, which saw a remarkable rise of over 1,300% in the past 24 hours, and $ROAR, associated with Roaring Kitty, soaring by an impressive 4,100%.

Insights into Roaring Kitty’s resurgence shed light on his influential role in the GameStop saga. Beginning in 2019, Gill advocated for GameStop’s undervaluation and invested $53K in the stock. His continued endorsements attracted a growing following, catapulting GameStop’s stock value to approximately $48M by January 2021.

🕹️📈 #KeithGill, also known as #RoaringKitty, made his return on Sunday after being known as the face of the 2021 #GameStop breakout.#Gamestop's +74% surge has caused #crypto traders to take part in massive #memecoin pumps Monday.

Although $MEME comes up in the @santimentfeed… pic.twitter.com/5TPtDlJXTD

— Santiment (@santimentfeed) May 13, 2024

After a brief hiatus following his viral fame, Roaring Kitty’s return on social media platforms sparked a surge in memecoins. $GME and $KITTY witnessed meteoric rises of 2,500% and 13,000%, respectively.

“The Dogs Days Are Over”?

Roaring Kitty’s latest videos hint at an upcoming cat-themed memecoin season, as suggested by references to cats and phrases like “The Dog Days are Over.” Memecoins such as $POPAT, $MEW, $michi, $MOG, $TOSHI, $WEN, $SC, $MANEKI, and $KITTY are speculated to be part of this trend.

Roaring Kitty(@TheRoaringKitty), a retail trading legend, returns after 3 years!

He once led retail users to drive #GameStop's stock price to soar in 2021, and also promoted the takeoff of crypto memes!

1/Learn His Story: The 100x Trading Opportunity You Can’t Miss! pic.twitter.com/aMfW3xmMtC

— Lookonchain (@lookonchain) May 14, 2024

Recent on-chain reports highlight whales accumulating tokens associated with the anticipated meme season. Notable transactions include purchases of $POPCAT, $MANEKI, $KITTY, $michi, and $POPCAT, indicating growing interest and investment in memecoins among traders.

Roaring Kitty’s resurgence has once again stirred excitement in the meme community, signaling potential opportunities and volatility in the memecoin market.

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 world of memecoins kicked off the week with a bang, witnessing breakouts and decouplings across the board over the past 24 hours.

Trading volumes for the top 50 assets in this sector surged by more than 34%, signaling increased activity and potential opportunities for traders.

Among the standout memecoins to watch are $PEPE, $MAGA, $MOG, $BITCOIN, $PONKE, $PEPE2.0, $SPX, and $ANALOS, all exhibiting significant volatility that savvy investors can capitalize on.

📈😻 #Memecoins had an eyebrow raising start to the week, with breakouts and decouplings all over the place the past 24 hours. Among the top 50 assets in this sector, trading volumes exceeded a +34% rise.$PEPE, $MAGA, $MOG, $BITCOIN, $PONKE, $PEPE2.0, $SPX, and $ANALOS are all… pic.twitter.com/DLvbCY518K

— Santiment (@santimentfeed) May 13, 2024

However, it’s worth noting that the resurgence of @TheRoaringKitty on Twitter has led to the creation of several MEMEcoins named after $GME. Traders are advised to approach these coins with caution due to their speculative nature.

On the Ethereum blockchain, on-chain data tracking platform Lookonchain observed an insider purchasing 146.11B $GME tokens, equivalent to 34.73% of the total supply, for 5.98 $ETH ($17.7K) across 21 wallets. The current value of these tokens stands at $1.96 million.

Due to @TheRoaringKitty’s return on Twitter, many #MEMEcoins named $GME were created, please be careful when buying them!

We noticed that on #Ethereum, an insider spent 5.98 $ETH($17.7K) to buy 146.11B $GME(34.73% of the supply) with 21 wallets.

The 146.11B $GME is now worth… pic.twitter.com/XgSiSnvYKr

— Lookonchain (@lookonchain) May 13, 2024

More Traders Make Gains From $GME Investment 

Meanwhile, another trader who succumbed to FOMO (Fear of Missing Out) and bought $GME at price highs managed to turn their loss into a profit following @TheRoaringKitty’s return on Twitter. 

This trader initially invested 4,086 $SOL ($408K) to purchase 69M $GME tokens three months ago. Despite experiencing a significant loss of over 90%, the trader held onto their investment, demonstrating diamond hands.

The trader who #FOMO bought $GME at price highs has turned a loss into a profit thanks to @TheRoaringKitty's return on Twitter.

The trader spent 4,086 $SOL($408K) to #FOMO buy 69M $GME 3 months ago.

Fortunately, this trader is a diamond trader and did not sell even if he lost… pic.twitter.com/CS0GvX1XD3

— Lookonchain (@lookonchain) May 13, 2024

Now, with the resurgence of interest in $GME fueled by @TheRoaringKitty, the trader has seen their unrealized profit on $GME soar to $282K, highlighting the potential for significant gains in the memecoin market.

Overall, the memecoin landscape continues to offer both risks and rewards, with traders navigating volatile price movements and speculative trends driven by social media influencers like @TheRoaringKitty.

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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As Ethereum strives to reclaim the $3,000 trading price, investors eagerly await the deadline for three spot Ethereum ETF applications, scheduled for May 25th.

ETH ETF Deadline Approaches 👀

In just 12 days, we'll hit the final deadline for not one, but THREE spot Ethereum #ETF applications 🚨

The SEC has to make a decision on the following filings by May 25th pic.twitter.com/yyopCdNPe4

— Budhil Vyas (@BudhilVyas) May 13, 2024

Today, Ethereum shows signs of resilience with a 2% gain, currently trading at $2,974. However, market volatility looms as the deadline approaches.

Recent data indicates a significant decrease in the inflow volume of stablecoins on Ethereum exchanges, dropping below average quarterly figures and marking a 2.6 times decrease compared to Bitcoin’s local peak at $73,000. While this decline raises concerns, it doesn’t necessarily signal the end of the bull cycle.

The inflow volume on exchanges of all stablecoins in the Ethereum network has fallen below average quarterly figures and has decreased by 2.6 times compared to the local peak of Bitcoin at 73K.

The drop in volume below the quarterly figure is a negative signal. pic.twitter.com/QDCQ7zZoF7

— Axel 💎🙌 Adler Jr (@AxelAdlerJr) May 13, 2024

Despite prevailing market negativity, on-chain data offers no definitive signals indicating an imminent end to the bull run, leaving investors cautiously optimistic.

Other Notable ETH Whales Transfer To Exchanges

Spotonchain data highlights the activity of an early Ethereum holder, 0x2ce, who deposited 4,153 ETH ($12.2 million) to Coinbase at $2,931. This whale’s history dates back to 2016 when they withdrew 12,423 ETH from Poloneix at approximately $11.03 ($137,000). 

3 hours ago, Early $ETH holder 0x2ce deposited 4,153 $ETH ($12.2M) to #Coinbase at $2,931.

The whale withdrew 12,423 $ETH from #Poloneix at ~$11.03 ($137K) in 2016,

And has deposited 9,436 $ETH to #Coinbase and #Luno at ~$2,245 ($21.2M) since 2021.

Current holding: 2,566 $ETH … pic.twitter.com/ky5g0uy2n5

— Spot On Chain (@spotonchain) May 13, 2024

Since 2021, they’ve deposited 9,436 ETH to Coinbase and Luno at an average of $2,245 ($21.2 million), holding 2,566 ETH ($7.48 million) currently. Their estimated total profit stands at $28.5 million, marking a remarkable 204% increase.

As the Ethereum ecosystem navigates through market uncertainties and ETF deadlines, investors remain vigilant, hoping for a resurgence in Ethereum’s price and broader market stability in the days ahead.

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 post Ethereum ETF Deadline Nears As ETH Targets $3k Amidst Market Volatility appeared first on The Merkle News.

Bitcoin surged today, reclaiming the $63K mark with a 3% gain, signaling renewed optimism in the crypto market.

Intotheblock’s data reveals that approximately 5.1 million Bitcoin addresses, constituting roughly 10% of the total addresses, bought BTC between the current price and its all-time high of $72,500, indicating strong investor interest in the digital asset.

5.1 million Bitcoin addresses, roughly 10% of the total addresses, bought $BTC between the current price and the ATH of $72,500. pic.twitter.com/XNQUIT2iYJ

— IntoTheBlock (@intotheblock) May 13, 2024

Analyst Ali Martinez suggests that if Bitcoin can solidify $64,290 as support, it may advance towards $76,610. However, failure to surpass this level could lead to a retest of support at $51,970.

If #Bitcoin can reclaim $64,290 as support, it is likely to rise towards $76,610. However, if it fails to surpass $64,290, $BTC might retest support at $51,970. pic.twitter.com/s4D1fTEU7k

— Ali (@ali_charts) May 12, 2024

Meanwhile, bitcoinsensus reports a sudden spike in Bitcoin Dominance, potentially causing Ethereum (ETH) and other altcoins to experience some selling pressure.

Sudden spike in $BTC Dominance, which in turn will make $ETH and $OTHERS bleed a little bit. pic.twitter.com/C8N4oOqcIz

— Bitcoinsensus (@Bitcoinsensus) May 13, 2024

Keeping Close Eye On Bitcoin Open Interest 

Keeping a close eye on the Open Interest (OI) chart is crucial, as it delineates key levels of support and resistance in the market. Currently, the OI peaked during Bitcoin’s ascent to $73K and is now cooling off. This cooling-off period could potentially drive Bitcoin’s price down to the $48K zone.

The Open Interest (OI) chart is very important to keep track of, as it defines important levels of support and resistance (demand and supply).

Currently the OI has peeked during the run to 73k and is now cooling off – this could potentially get $BTC price to the 48k zone. pic.twitter.com/R4PiCGD1fO

— Bitcoinsensus (@Bitcoinsensus) May 13, 2024

As Bitcoin’s price movements continue to shape the broader crypto market, investors remain vigilant, monitoring key levels and indicators to gauge market sentiment and anticipate potential price movements.

In summary, Bitcoin’s resurgence to the $63K mark sparks optimism among investors, but attention must be paid to crucial support and resistance levels, as well as the evolving dynamics of Bitcoin Dominance and Open Interest, to navigate the ever-changing landscape of the crypto market effectively.

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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Pendle token (PENDLE) experienced a further decline of 5% in its value today, adding to recent losses in its price.

Amidst this downturn, on-chain reports from Lookonchain shed light on trading activity associated with the token, revealing insights into recent transactions and holder behavior.

According to the data, a wallet linked to Arca was observed depositing 549,000 PENDLE tokens, valued at $2.66 million, into Binance approximately 7 hours ago. This move was interpreted as a stop-loss strategy, resulting in a loss of $940,000 for the wallet. 

Notably, the trading history of this wallet suggests a lack of success in trading altcoins, with only 5 out of 12 trades turning profitable. The wallet’s win rate stands at 42%, with an overall loss totaling $3.7 million.

A wallet related to #Arca deposited 549K $PENDLE ($2.66M) to #Binance to stop loss 7 hours ago, losing $940K.

This wallet does not seem to be good at trading altcoins.

He has traded a total of 12 coins, only 5 of which were profitable, the win rate is 42%, with a total loss of… pic.twitter.com/OVEDcrZqlb

— Lookonchain (@lookonchain) May 9, 2024

6.89% Of Pendle Holders Have Held The Token For At Least A Year

The data also provides insights into the tenure of PENDLE holders. Surprisingly, only 6.89% of PENDLE holders have held the token for at least a year, indicating a relatively low level of long-term commitment among investors. The majority of holders, comprising 57.74%, are categorized as cruisers, having held the token for less than a year.

The decline in PENDLE’s value today underscores the challenges faced by the token amidst broader market fluctuations. The strategic deposit made by the Arca-related wallet highlights the importance of risk management strategies in volatile markets.

Additionally, the trading patterns observed reveal the complexities of navigating the altcoin market and the potential risks associated with speculative trading.

As PENDLE continues to navigate market dynamics, investors are advised to exercise caution and employ robust risk management strategies to mitigate potential losses. The insights provided by on-chain data offer valuable perspectives for understanding market trends and making informed investment decisions in the crypto space.

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 post Pendle Token Records 5% Decline Today, On-Chain Data Reveals Trading Activity appeared first on The Merkle News.

The current landscape of the crypto market reveals an interesting divergence from traditional markets and commodities, with the 30-day correlation of Bitcoin (BTC) and Ethereum (ETH) hovering close to 0.

This suggests that the crypto market is charting its own course, independent of broader financial trends.

The 30-day correlation of BTC & ETH with traditional markets and commodities is currently close to 0, meaning crypto is doing its own thing right now.

🔗https://t.co/Wx8RxQwatF pic.twitter.com/8aQqAdwNQz

— IntoTheBlock (@intotheblock) May 8, 2024

Amidst this scenario, Ethereum, the second-largest cryptocurrency by market cap, finds itself trading below the crucial $3000 mark. However, rather than signaling a downturn, this presents an opportunity for whales to accumulate more tokens.

According to data from Lookonchain, a whale holding a long position in Ethereum recently withdrew a significant amount of ETH from Binance.

This withdrawal amounted to 6,030 ETH, equivalent to $18.09 million, further indicating the whale’s confidence in the asset despite its current price level.

A whale who is long $ETH withdrew 6,030 $ETH ($18.09M) from #Binance again 20 minutes ago.

This whale has accumulated 10,758 $ETH ($32.14M) from #Binance since May 2.

He swapped $ETH to $stETH and deposited it into #Aave, then borrowed $28.5M stablecoins from #Aave to buy more… pic.twitter.com/tbtXLDbvua

— Lookonchain (@lookonchain) May 9, 2024

Whale Accumulates Bitcoin And Ethereum Since May 2

In fact, this particular whale has been actively accumulating Ethereum from Binance since May 2, amassing a total of 10,758 ETH, valued at $32.14 million, amidst the ongoing decline in Ethereum’s price.

Interestingly, the whale’s strategy involves converting ETH to staked ETH (stETH) and depositing it into the Aave protocol. Subsequently, they leverage this position by borrowing $28.5 million worth of stablecoins from Aave to purchase more ETH.

This accumulation pattern reflects the whale’s belief in Ethereum’s long-term potential, even amidst short-term market uncertainty. By capitalizing on the dip below $3000, the whale is positioning themselves for potential gains as Ethereum’s price dynamics evolve.

Overall, the actions of whales like this one underscore the resilience of Ethereum and its attractiveness as an investment option, despite temporary market fluctuations.

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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Render token (RNDR) continues its impressive bullish momentum, gaining an additional 7% today and achieving a remarkable 38% surge over the past 7 days.

The sustained uptrend in RNDR’s value is attracting significant attention from investors and market observers.

Amidst this increasing surge in value, wallet 0x537, which is linked to Render Network, has been actively involved in strategic movements of RNDR tokens.

The wallet recently transferred 322,866 RNDR tokens, equivalent to $3.36 million, to Gate.io and GSR Markets in preparation for future deposits on centralized exchanges (CEXs), with an average price of $10.41.

A notable transaction occurred when the wallet received 1.67 million RNDR tokens, valued at $16.6 million, from Render Network’s Multisign 0xb6e just two days ago.

Subsequently, a portion of these tokens, totaling 665,666 RNDR, was deposited into Copper and GSR Market’s Binance deposit address at an average price of $10.47, amounting to $6.97 million.

The @rendernetwork appears to keep depositing $RNDR to CEX after the price surged ~40% (7D).

In the past hour, wallet 0x537 (linked to Render Network) moved 323K $RNDR ($3.36M) to #Gateio and @GSR_io Markets for future CEX deposits.

Since last Jan, the wallet has received 8.1M… https://t.co/2jBGKrpzbk pic.twitter.com/Kv9SMejhAk

— Spot On Chain (@spotonchain) May 9, 2024

Wallet Receives Huge Amount Of RNDR Token And Deposits Into Exchanges 

Over time, the wallet has been a consistent recipient of RNDR tokens from Render Network, totaling 8.1 million RNDR at an average price of $8.38, equivalent to $67.9 million.

Notably, a significant portion of these tokens, approximately 6.52 million RNDR, has been strategically deposited into various CEXs at an average price of $8.66, totaling $56.4 million since January 10, 2024.

Interestingly, these deposits often preceded price drops, indicating a strategic approach to portfolio management.

As of now, the wallet still retains a significant holding of 1.14 million RNDR tokens, valued at $11.87 million, suggesting continued confidence in the token’s future prospects.

RNDR’s impressive price performance, coupled with strategic movements by wallet 0x537, underscores the growing interest and confidence in Render Network’s ecosystem. As the token continues to gain momentum, investors are closely monitoring its trajectory in anticipation of further developments and price movements.

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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As Bitcoin continues its tight range between $61,000 and $64,000, significant movements have been observed among large whale wallets in the past 24 hours.

These wallets, holding between 1,000 and 10,000 BTC each, have collectively accumulated approximately $941 million worth of coins. 

🐳 As #Bitcoin ranges tightly between $61K and $64K, large whales have made some accumulation moves over the past 24 hours. Wallets with 1K-10K $BTC have collectively accumulated ~$941M worth of coins, rebounding to their highest holding level in 2 weeks. https://t.co/NkYwRsc8Pd pic.twitter.com/LWAt03TgUP

— Santiment (@santimentfeed) May 8, 2024

This marks a rebound to their highest holding level in the past two weeks, indicating a potential bullish sentiment among these larger investors.

🚨 $BTC #ETF Net Inflow May 8, 2024: +$11.5M!

• 9 out of 10 US #BitcoinEFTs had zero flows, even #Grayscale ETF $GBTC!

• The net inflow was single-handedly brought in by #Bitwise ETF $BITB.

• While returning to being positive, the net inflow of 10 Bitcoin EFTs appears… pic.twitter.com/OyrzbJStdb

— Spot On Chain (@spotonchain) May 9, 2024

In terms of ETF activity, the net inflow for Bitcoin ETFs on May 8, 2024, totaled $11.5 million. Interestingly, the majority of US Bitcoin ETFs, numbering nine out of ten, showed no significant flows, including the well-known Grayscale ETF, GBTC. However, the net inflow was driven by Bitwise ETF, BITB, which single-handedly contributed to the positive figure.

Bitcoin ETFs Net Inflow Remains Stagnant 

Despite the return to positive territory, the overall net inflow for Bitcoin ETFs has shown a stagnant trend over the past two days. This suggests a cautious approach among investors, perhaps due to the current price consolidation of Bitcoin within a relatively narrow range.

Overall, these movements in both whale wallet accumulation and ETF activity provide insights into the current sentiment surrounding Bitcoin. While whales are accumulating at higher levels, indicating confidence in the long-term potential of the asset, ETF activity reflects a more measured approach, with investors potentially awaiting further price clarity before committing significant funds.

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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