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Litecoin Whale Withdraws $20 Million In LTC From Binance: Bullish Sign? On-chain data shows a Litecoin whale has withdrawn around $20 million in LTC from Binance, which could be bullish for the asset’s price. Litecoin Whale Has Just Made A Large Outflow From BinanceAccording to data from the cryptocurrency transaction tracker service Whale Alert, a massive transfer has been spotted on the Litecoin blockchain during the past day. The transaction saw the movement of 286,482 LTC across the network, worth almost $20.6 million when the move went through. Given this large scale, it’s likely that a whale entity was behind it. Whales are considered influential beings on the blockchain due to their large holdings, so their transactions can be worth keeping an eye on as they may end up causing fluctuations in the asset’s price. How exactly a whale transfer would affect the market depends on the intent behind it. Usually, it’s hard to say why a transfer was made, but address details can sometimes provide some hints. As is visible above, the sending address for this Litecoin whale transaction was a wallet attached to the cryptocurrency exchange Binance. The receiver, on the other hand, was an unknown wallet. Unknown wallets aren’t affiliated with any known centralized platform and are likely to be investors’ addresses. Transfers like this that go from an exchange to a self-custodial wallet are exchange outflows. Exchange outflows can be a sign of fresh buying in the market, or at the very least, that the investors are planning to hold for extended periods. As such, transfers of this type can potentially be bullish for the asset. Thus, if the whale has made this large exchange outflow for accumulation purposes, Litecoin could naturally see positive effects from it. There also exists a scenario, however, where the whale has made the withdrawal for selling through over-the-counter (OTC) deals instead. #Write2Earn! #ltc #BinanceTournament
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LUNC Price To Rally Amid Massive Binance Burn As Over 1 Trillion LUNC Staked Terra Luna Classic community looks for a massive LUNC burn in the next week by crypto exchange Binance as part of its LUNC burn mechanism. LUNC saw its total supply drop to 6.78 trillion after the enormous trading volumes and burn recently. Delegators have also staked significantly with Terra Luna Classic validators, bringing the total LUNC staked to over 1 trillion. Terra Luna Classic Community Eyes Massive Burn Terra Luna Classic community awaits Binance LUNC burn mechanism to provide the necessary push to reduce LUNC tokens supply. Massive trading volumes this month sparked speculation of a higher amount of LUNC burn by Binance. The crypto exchange has burned nearly 60.42 billion LUNC, accounting for 48.8% of the total LUNC burned by the community. The community has burned nearly 124 billion LUNC until now, with 71 billion by sending to burn wallet and 53 billion through on-chain burn. In the last 7 days, almost 7 billion LUNC burn came from as whales and investors moved LUNC from centralized crypto exchanges. Total fees accrued from these transactions were 8.34 billion LUNC. Total LUNC staked has skyrocketed to above 1 trillion, providing enough support from validators and the community. The staking ratio has increased to 14.83%. Moreover, the community pool reserve saw the required boost, with 6.22 billion LUNC and 12.37 million USTC. It gives the community enough funds for development activity. LUNC and USTC Price Performance The Terra Luna Classic community has not yet accounted LUNC and USTC burn from Terraform Labs and Luna Foundation Guard wallets. Terraform Labs CEO Chris Amani confirmed to the Terra Classic community that LUNC and USTC in the TFL and LFG wallets will be burned. The community will also implement Tax2Gas with the potential to increase LUNC burn massively in the coming months. It is expected to be completed by July. #write2earn #writetoearn #lunc
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Pepe Coin Whale Sparks Concerns With 1 Tln PEPE Transfer To Binance, What’s Next? Pepe coin has once again magnetized substantial investor interest across the broader crypto market, primarily with its on-chain dynamics. In the background of PEPE’s remarkable price rally today, a well-known whale has offloaded nearly 1 trillion PEPE to Binance, igniting severe concerns among crypto market participants. Although not yet confirmed to be a sell transaction, the transfer has birthed a domino of bearish sentiments on future price movements. Whale Deposits 1.1 Tln Coins To Binance According to detailed on-chain insights provided by Arkham Intelligence, the whale address 0x837 has executed a series of 3 transactions today, June 26, moving a staggering 1.1 trillion PEPE to Binance. The first two transactions consisted of 400 billion coins each, shifted to Binance. Meanwhile, the third transaction illustrated the transfer of 300 billion coins to the same exchange. Collectively, $14.42 million worth of PEPE was deposited to Binance, which, if sold at the current price, would result in a loss of $894K. Nonetheless, it’s also worth mentioning that the abovementioned whale still holds 300 billion coins. A CoinGape Media report further spotlighted the same address’s colossal 700 billion PEPE transfer to Binance yesterday. The reasons behind these transfers remain uncertain, with potential panic selling sentiment as a possible explanation, given the recent turbulence in the crypto market. Nonetheless, the sell order is not confirmed yet. In the interim, Pepe coin appears to have borne the brunt of implications generated by this transaction. After soaring to a peak of $0.00001326 today, the meme coin’s price waned, per CoinMarketCap’s data. This waning price trajectory comes in tandem with the colossal deposits to Binance today, although PEPE still traded in the green. PEPE Price Soars As of writing, the PEPE price saw a 6.06% upswing to trade at $0.0000124. The token’s 24-hour bottom was recorded as $0.00001157. #write2earn #writetoearn #pepe
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Dogecoin: Surge in $10M+ Transactions Signals Bullish Run Dogecoin’s MVRV ratio dropped to 15% recently, indicating it’s undervalued.Institutional investors boosted transactions over $10 million, anticipating a price rally.Despite bearish signals, the RSI suggests Dogecoin is in a buy zone.Dogecoin’s (DOGE) key indicators suggest a turnaround may be on the horizon, notably highlighted by a significant uptick in transactions exceeding $10 million. This surge in high-value transactions indicates strong interest from whales, who are positioning themselves ahead of anticipated price movements.In the past month, Dogecoin has faced substantial declines, losing approximately 25% of its value, and over the last 90 days, it has experienced a more pronounced drop of 33%. However, amidst these setbacks, analysts point to the Market Value to Realized Value (MVRV) ratio as a critical metric suggesting a potential bullish trend reversal. The MVRV ratio has recently plummeted to around 15% over the past 30 days. Such a low ratio historically indicates that Dogecoin is undervalued, often preceding significant price surges. Historical data further supports this pattern, illustrating instances where Dogecoin’s price surged after similar dips in the MVRV ratio. For instance, earlier this year, a sharp decline in the ratio preceded an 80% rally in Dogecoin’s price within a span of two days. This historical precedent adds weight to the current optimism surrounding Dogecoin’s potential recovery. In conclusion, while Dogecoin faces immediate technical challenges, including bearish pressure indicated by the EMA, the recent surge in high-value transactions and the depressed MVRV ratio offer compelling signals that a bullish trend reversal could be imminent. #write2earn #writetoearn #doge
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Dogecoin Price Analysis: Will DOGE Reclaim $0.15 Before June End? Dogecoin Price Analysis: The ongoing correction trend in the crypto market took a halt on Tuesday as the Bitcoin price rebounded from the $60000 support. The 2.3% jump in BTC price sparked a fresh relief rally in the altcoin market especially in volatile assets like Meme coin. The Dog-themed memecoin DOGE is up 7.3% today developing a reversal pattern at a multi-month support. Since late March, the Dogecoin price has witnessed a steady correction under the influence of flag pattern formation. The two converging trendlines acting as dynamic resistance and support have tumbled the asset value from $0.228 to $0.113 registering a 50%. If the pattern holds true, the DOGE price is under a temporary pullback which allows it to replenish exhausted bullish momentum for a higher rally. As the selling pressure in the crypto market eased, this Dog-themed memecoin stabilized above the pattern’s lower trendline at $0.113. For buyers to regain better control over this asset, a sustainable breakout from the downsloping is needed. Doing so will signal the end of the correction pattern and bolster buyers to chase a potential target of $0.175, followed by $0.228. On a contrary note, the correction trend will prolong until the two converging trendlines are intact. Technical Indicator RSI: The daily Relative Strength Index rebounded at the 30% neckline of the oversold region highlighting the increasing buying pressure for this asset after a notable correction. EMAs: The 50W Exponential Moving Average slope adds a layer of support at $0.113 to prevent further correction. #Write2Earn! #writetoearn #doge
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