🐸 Pepe (PEPE) Leads the Meme Coin Market Pepe (PEPE), an E

Explore More From Creator

🐋 Ethereum Price Jumps 2% As Whales Move $6.9M Worth of ETH, What’s Next? Recently, a significant transaction involving Ethereum (ETH) was reported by Onchaindata. A whale withdrew 1,600 ETH, worth approximately $6.2 million, from Bybit and Cooper accounts. This notable movement was complemented by a second transaction involving $740,000 worth of ETH. These substantial transfers have caught the attention of the cryptocurrency community, raising questions about their potential impact on the market and the motives behind such large-scale movements. 🔸 ETH Whale Accumulation Driving Price Action In the last few hours, there has been notable activity by Fasanara Capital, an investment fund based in England. The fund executed a massive transaction, transferring 1,600 ETH valued at over $6.2 million from Bybit and Cooper. Following this transaction, Fasanara Capital retains 5,383 ETH, worth approximately $20.16 million, in their wallets. Another significant movement involved an address associated with the Ethereum Foundation, 0x9d2…C43B1, which transferred 200 ETH to Kraken, worth $740,000. This address was reactivated for the first time since April 28 after being dormant for six years, having initially received 2000 ETH from the Ethereum Foundation in 2015. Currently, it holds 1,029 ETH. These transactions have fueled speculation among ETH holders about the potential influence of whales on the recent price surge. The broader cryptocurrency bull market and the buzz surrounding Ethereum ETF approval have also contributed to the rally, pushing ETH above $3,700. 🔸 ETH Price Jumps Over 2% The price of Ethereum (ETH) has experienced a notable increase, reaching $3,754.99 today. This represents a 1.56% price increase over the last 24 hours and a significant 19.50% increase over the past seven days. Ethereum’s 24-hour trading volume stands at $13.9 billion, with a circulating supply of 120 million ETH, resulting in a market capitalization of $451 billion. $ETH #ETH

🤔 Here’s when Solana (SOL) could hit $1000 Amid recent market volatility, Solana (SOL) demonstrates significant resilience and potential for growth, with predictions suggesting a path towards the $1,000 milestone. Despite a slight dip, innovative developments within its ecosystem and positive analyst forecasts signal a robust future. Currently, SOL is trading at $168.24, having increased by 0.17% over the last day and an impressive 13% over the past month. Ranked as the fifth-largest cryptocurrency with a market capitalization of about $75.71 billion, Solana is attracting significant interest from investors. This is reflected in a notable increase in trading volume, suggesting that Solana is on a path to recovery and poised for further growth in a fluctuating market. Analyst perspectives Prominent crypto analyst Trader Tardigrade has identified bullish trends in Solana’s technical patterns, suggesting the price could soar to $1000. 💬 Macro structure $SOL #Solana has broken out the 2nd triangle from the recent bottom and is heading to $1000 Have you heard about #socialfi on #Solana? Interesting that you can now share images to your friends through blockchain with private messages (wallet to wallet)… His optimism is fueled by the growth of SocialFi applications like SolChat within Solana’s ecosystem, which enable blockchain-based social interactions. This innovation not only revolutionizes communication but also significantly boosts Solana’s intrinsic value. Adding depth to this optimistic forecast, Daniel Yan from Matrixport draws parallels between Solana and Ethereum (ETH) He notes that Ethereum previously benefited from the approval of a Bitcoin ETF and suggests that Solana could experience similar gains if Ethereum ETFs are approved. Yan prefers Solana over Ethereum due to its less crowded market and higher potential for profits, making it an attractive option for investors seeking substantial returns. He emphasizes Solana’s unique attributes and strategic market position. $SOL #SOL #Solana

📈 PEPE’s 12% surge puts meme coins back in the spotlight The meme crypto category recorded a surge of more than 5% in a recovery rally. The total meme crypto market cap stood at $62.1 billion with a trading volume of $8.4 billion. However, PEPE turns out to be the most gaining token in the last 24 hours. 🔸 PEPE taking over? Data shows that Pepe price had jumped by more than 12% over the last day. It had turned out to be the biggest gainer among the top 100 cryptos. Pepe price is now up by 1100% in the last 90 days. However, its 24 hour trading volume is down by 35% to stand at $2.4 billion. PEPE is trading at an average price of $0.0000151, at the press time. It recently hit its all time high (ATH). It has outperformed Dogecoin (DOGE) and Shiba Inu (SHIB) on every metric. Dogecoin price is still up by 95% in the last 90 days. DOGE is trading at an average price of $0.166, at the press time. It is still down by 77% from its all time high (ATH) of $0.7376 recorded on May 08, 2021. Its 24 hour trading volume is down by 37% to stand at around $2 billion. The biggest meme crypto is holding a market cap of $24 billion. 🔸 SHIB and WIF Shiba Inu might have recorded a drop of 20% in the last 60 days it is still up by 160% over the past 90 days. SHIB is up by 138% on the YTD basis but this surge looks small in front of PEPE. Shiba Inu is trading at an average price of $0.0000246, at the press time. Its 24 hour trading volume is down by 42% to stand at $480 million. The second biggest meme crypto is holding a market cap of $14.5 billion. Dogwifhat (WIF) is another token that has gained major popularity over the past few months. WIF has gained 819% in the last 90 days. It is trading at an average price of $2.99, at the press time. It has gained by another 5% in the last 24 hours. Its trading volume took a dip of 22% to stand at $522 million. $PEPE #PEPE #PepeCoin

💥 12.4 Billion Dogecoin (DOGE) in 24 Hours, Price Reacts Dogecoin (DOGE) is yet to recover from the tribute Elon Musk paid to Kabosu, the dog that inspired the creation of the meme coin. Since Musk’s posts relating to DOGE are a major growth booster, the coin has seen a bump in some of its key metrics. At the time of writing, Dogecoin is changing hands for $0.167, up by 3.67% in the past 24 hours, growth coming at a time when Bitcoin’s price has entered consolidation mode, however, with a 2.67% surge to $69,218.58. The Dogecoin growth over the past week has not followed a uniform pattern. In this time span, the coin has soared 7.72% despite seeing a slip in its trading volume. At the moment, DOGE boasts of a 37.3% slip in trading volume to $2,026,640,330. This traded volume implies a total of 12.4 billion DOGE changing hands in a day. Despite the slight slump in this metric, the positive price reaction shows the hidden hunger in the price. Dogecoin remains highly susceptible to posts from Elon Musk and other influencers to rally. This has been showcased prominently throughout its lifespan as Dogecoin saw a massive uptick when Elon Musk changed the X logo at some point to the DOGE mascot. Amid the sustained legacy of Dogecoin, one crucial expectation is that the proposed X Payments will integrate DOGE payments and provide a unique utility for the coin across the board. While neither Elon Musk nor the platform has officially confirmed this, the affinity the billionaire has for the coin might make him enlist DOGE should crypto payments feature in the everything app he is building. Amid the growing push in the DOGE ecosystem, the ultimate price expectation is that Dogecoin will return back to the $0.2 price mark in the midterm and $0.7 in the longer term. $DOGE #DOGE #Dogecoin

⭐️ 3 cryptocurrencies to avoid trading this week 🔸 Avoid trading Optimism (OP) First, investors should avoid trading Optimism (OP), the popular second layer for Ethereum (ETH), amid a potential sell-off incoming. On May 31, the protocol will unlock 31.34 million OP tokens currently worth $80.23 million. Optimism’s unlock represents a nearly 3% supply inflation that repeats every month with slight variations, as previously reported by Finbold. Core contributors to the protocol will receive 16.54 million OP worth $42.35 million, while private investors will get $37.89 million to realize their monthly profits over retail buyers. 🔸 dYdX Protocol (DYDX) The decentralized exchange protocol DYDX is again featured among cryptocurrencies to avoid trading due to its unlocks. Finbold reported a similar warning for April 27 and, previously, for March 31, with 33.34 million tokens unlocked – worth $70.33 million and $117.33 million, respectively. On February 29, we also reported the unlock of the same amount, worth $130 million. The gradual loss of purchasing power evidence the nefarious effects of supply inflation on cryptocurrencies and the “avoid trading” alert. Now, the protocol will put the same amount of DYDX in circulation on June 1, currently worth $70 million. This represents a nearly 12% monthly inflation likely to affect DYDX investors. As of this writing, the token trades at $2.10. 🔸 Sui Network (SUI) Another cryptocurrency to avoid trading due to recurrent monthly token unlocks is Sui Network (SUI). The competing layer-1 blockchain developed by former Meta Platforms (NASDAQ: META) engineers will inflate its supply by 2.8% this month. On June 1, the protocol will unlock 65.08 million SUI for private investors, the development team, and the Mysten Labs treasury. Notably, private investors will receive 39.16 million SUI for over 60% of the total $70 million worth of unlocks. $OP $DYDX $SUI #OP #DYDX #SUI

Latest News

Paraguayan Authorities Seize Nearly 400 Bitcoin Mining Machines

Sei's Proposal 55 For V2 Upgrade Receives Approval

AI Company xAI Plans To Build A Supercomputer With 100,000 Dedicated Processing Chips

Horizen's Proposal for ZEN and EON Migration Receives Overwhelming Approval

TD Cowen Predicts Approval of More Cryptocurrency ETFs Despite SEC's Unchanged Stance

Explore More From Creator

Latest News

Trending Articles