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Dogecoin Whales Spent 700 Million DOGE Shopping. Dogecoin whales have net bought a lot in the previous three days, according to on-chain statistics. Dogecoin Whales' Holdings Have Increased DOGE whales recently accumulated a lot. The Santiment analytics firm's “Supply Distribution” tracks the entire Dogecoin supply held by wallet groups on-chain. The addresses or investors are separated into various cohorts by their coin balance. The 1 to 10 coins category comprises all addresses with 1 to 10 DOGE. The Supply Distribution would measure the entire supply held by investors meeting this requirement. Bitcoin-Gold Correlation Is Rising: What It Means In this topic, “whales” are important. These holders have 100 million to 1 billion DOGE. The current Dogecoin conversion rate makes the two extremes of this range $16.1 million and $161 million. Whales are huge, which makes them important in the network. These investors' supply trends may be used to follow their activity. The graph shows that Dogecoin whales have increased their holdings. Over the last three days, these massive holders have acquired 700 million DOGE (worth roughly $113 million). This purchase coincides with a modest bitcoin price drop. These investors seem to think the coin's present values are lucrative entry locations. Naturally, large money investors expressing interest in the asset is optimistic. Related: PEPE Falls 15%, Leaves Top 20 Crypto List The purchasing frenzy increased this group's supply to 30.91 billion DOGE. This indicates whales control 21.4% of memecoin circulation. DOGE's whale purchasing has improved, but SHIB's hasn't. In another X post, Ali noted that centralized exchanges had received $103 million in SHIB in recent weeks. Because investors deposit to these platforms for selling, these high deposits may indicate Shiba Inu whales are selling or ready to sell. #altcoins #DOGE #memecoins $DOGE

#MarketSentimentToday Market Analysis: Will Mt. Gox's Bitcoin Distribution Impact Crypto Prices? Some investors worry about Bitcoin pricing after Mt. Gox distributes $9 billion worth of Bitcoin. Industry experts and large creditors think BTC's long-term optimistic potential will overcome its short-term volatility. After US spot Bitcoin ETFs are approved, many market professionals expect the market to absorb the new tokens. Nobuaki Kobayashi, Mt. Gox's Japanese trustee, revealed intentions to distribute Bitcoin and Bitcoin Cash to creditors, Most applicants should get tokens by October. However, Bitcoin's price may be affected by this large-scale dispersion. Despite worries, major creditors and long-time market players believe Bitcoin will survive, Bloomberg reports. Many want to keep the allocated coins for price appreciation. Adam Back, CEO of blockchain technology startup Blockstream and a creditor, calls selling early in a bull market “illogical”. After a decade, Back shows waiting longer may provide better profits. CEO Brian Dixon says other creditors, such Off the Chain Capital, would sell Bitcoin only when “better investment opportunities arise,” citing Bitcoin's recent success as the best-performing asset. Dixon emphasizes the Bitcoin market's maturity following Mt. Gox's collapse. Despite its magnitude, he believes the distribution will not affect pricing. Pantera Capital portfolio manager Cosmo Jiang says the sum is large, but the distribution will take time, making it less market-actionable. Distributed tokens should be absorbed without disturbance due to $26.6 billion in daily Bitcoin trade. Mt. Gox BCH Sales in Distribution? Creditors don't expect the same token allocation to all claims. Instead, they anticipate the trustee to issue coins in tranches, maybe favoring earlier claims. This may reduce immediate market pressure. Galaxy Research forecasts that credit funds with 20,000 BTC will not sell large amounts. Their limited partners (LPs) should get Bitcoin in kind. #MtGox #btc70k #BTC $BTC

Crypto Altcoin Rises 20% on Apple Partnership Rumor After a recent statement by the Prime Minister's Office of Japan, JasmyCoin (JASMY), the “Bitcoin of Japan,” is causing a frenzy of conjecture. In a video call with Prime Minister Kishida and Apple CEO Tim Cook yesterday, Japan's My Number Card capability was confirmed for iPhones by next spring. Crypto Investors Expect Apple Partnership The revelation has caused JASMY's market value to rise 20% in 24 hours, making it the 67th biggest cryptocurrency by market cap. Altcoin 24-hour trading volume has increased 400% to $570 million. Despite months of speculations, JasmyCoin and the Japanese government's My Number Card scheme are not formally linked. Investors are betting on a connection based on Japan's digital strategy, which promotes Web3 technologies like blockchain and IoT, where JasmyCoin is a major participant. Kazumasa Sato, a former Sony executive, founded JasmyCoin in 2016 to protect IoT data transfers and storage. The coin may be part of Japan's Metaverse and NFTs-focused strategy to integrating modern technology into daily life. Jason's objective is to democratize data via safe management and storage solutions, enabling everyone to own their personal data. An incorrect Binance Square article suggests JASMY's direct connection with iPhone's My Number Card capability, fueling speculation over JasmyCoin's participation. No authoritative sources support this allegation. In recent public speeches, the Japanese Prime Minister has stressed the significance of digital changes and Web3 advances for economic development. The Japanese government's digital agenda indirectly benefits JasmyCoin due to its bullish view for blockchain technology. JASMY's recent market action shows how fickle cryptocurrency markets are, where rumors and expectations may cause price changes. Although JasmyCoin indirectly supports Japan's digital goals, direct agreements or connections with government programs like the My Number Card have not been verified. #Apple #Jasmy #altcoins #btc70k $JASMY

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