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🤝 Vitalik Buterin Lends Hand of Support to DOGE Community Founder and frontman of the Ethereum blockchain Vitalik Buterin took to his account on the X social media platform to express his condolences over the passing of the legendary meme Shiba Inu dog Kabosu. This way, he indirectly again demonstrated support and respect to the Dogecoin community. 🔸 Vitalik Buterin pays tribute to Kabosu Vitalik Buterin tweeted “Rest in peace Kabochan” in response to the tweet of Kabosu owner Atsuko Sato (@kabosumama) about the Shiba Inu dog dying at the age of 19. In 2010, Kabosu became famous thanks to her photos going viral on the internet. In 2013, inspired by this Doge meme, Billy Markus and Jackson Palmer created the very first meme cryptocurrency Dogecoin (DOGE). Kabosu was turned into a DOGE mascot and became even more popular with the vastly expanding Dogecoin army. 💬 Rest in peace Kabochan 💛 — vitalik.eth (VitalikButerin) May 24, 2024 As Kabosu passed away, many leading figures within the crypto community, including Elon Musk, the official Dogecoin account and DOGE founder Markus paid tribute to Kabosu, sharing the grief of the Dogecoin community. 🔸 Vitalik Buterin and Dogecoin Foundation Musk tweeted that the dog had “ascended to heaven,” and the DOGE creator posted a meme with Kabosu talking to Death, where the latter told the dog, “I’m told you were the best.” This is not the first time Buterin has shown respect to the DOGE community. Earlier, the Ethereum founder made several large donations to the Dogecoin Foundation. In 2021, Buterin became a member of this organization in an attempt to make several proposals on improving DOGE. One of them was transitioning DOGE from the proof-of-work algorithm to the proof-of-stake one. #VitalikButerin $DOGE #DOGE #Kabosu

🔥 ETH Whale Gains Huge Unrealized Profit The ETH ETFs have been making a great impact on the overall crypto industry before their arrival. In this respect, a whale has wisely obtained significant profit by buying the ETH tokens with the use of $USDT before the news regarding the spot ETH ETFs. A prominent on-chain statistics provider Lookonchain disclosed this development on its account on the social media forum X. 💬 Before the ETH ETF's News, a whale spent 26.67M USDT to buy 8,733 ETH at $3,054.56 and has an unrealized profit of ~$6M. After the #SEC approved form 19b-4 for ETH ETF's, the whales bought $24.7M worth of #Ethereum ecosystem tokens and has an unrealized profit of ~$1.1M. — Lookonchain (@lookonchain) May 25, 2024 🔸 Whale Uses $USDT to Buy a Significant Amount of $ETH In its recent post, the platform disclosed the statistics regarding this move, saying that the whale spent nearly 26.67M $USDT. It noted that the whale utilized the above-mentioned amount of the top stablecoin to purchase $ETH. In addition to this, Lookonchain also pointed out that the whale bought almost 8,733. As per the platform, the whale purchased the respective tokens at an average rate of up to $3,054 per coin. Lookonchain also revealed that the whale made this smart move even before the news regarding the upcoming ETH ETFs. While purchasing such a huge amount of ETH coins, the whale potentially intended to make a substantial profit. Hence, the whale effectively executed the plan for a huge profit in return. 🔸 The Whale Generates $1.1M in Unrealized Profit After ETH ETF Approval As a result of implementing this strategy, the whale got a massive amount in unrealized profit. The analytics platform brought to the front that the whale effectively gathered up to $6 million in terms of profit. Following the purchase, the news of the ETH ETF approval contributed a lot to generating profit for the whale. $ETH #ETH

👀 Investors Eye Toncoin’s Progress In the cryptocurrency domain, the spotlight has shifted to Toncoin (TON) following a period of notable activity. This digital currency exhibited robust performance in the initial half of the year, raising questions about its trajectory for the remaining months. It is essential for Toncoin holders to keep a close watch on pivotal updates and market trends to see the token reach the $10 mark. 🔸 Monitoring Toncoin Holders At present, 21% of Toncoin holders have successfully maintained the token at its initial purchase price. This suggests that these holders are meticulously evaluating their choices and have faith in the token’s long-term prospects. Furthermore, data from IntoTheBlock indicates that 29% of the holders acquired TON in the past 30 days. This uptick illustrates a growing interest in the token and an influx of new investors. The recent price surge has also positioned these new entrants profitably. 🔸 What is TON’s Current Value? Toncoin currently trades around $6.39, serving as a support level. If this support holds and the downward trend reverses, the token may rise to $10. Despite a recent 1.91% dip over the last week, the prevailing positive trend might encourage investors to hold onto the token, potentially driving its price up. 🔸 Strategic Insights for Investors 🔺 Key insights for Toncoin investors: 21% of holders have retained the token at the purchase price, indicating long-term confidence.Recent acquisition by 29% of holders in the past month shows growing interest and profitable positioning.Price support at $6.39 suggests potential rise if the trend reverses.Integration with Telegram could significantly influence long-term price increments. The long-term potential of Toncoin remains a focal point for many analysts. Factors such as the token’s supply mechanics, active user engagement, and its integration with Telegram are expected to positively impact its value in the long run. #TON #Toncoin

👀 Uniswap Foundation Reveals Assets Ahead of Fee Mechanism Vote The Uniswap Foundation announced that on-chain voting for a proposal to establish its new fee mechanism will occur by May 31. This announcement has boosted the value of the network’s native token, UNI, by 12.31% in the last 24 hours, reaching $11.29. 🔸 Uniswap Proposes Autonomous Fee Collection System The Uniswap Foundation outlined a crucial step towards implementing autonomous fee collection and distribution in Uniswap V3 pools. If the proposal passes, ownership of the mainnet UniswapV3Factory will transfer to a newly deployed instance of V3FactoryOwner. However, the vote will not activate the fees, which will be addressed in a future proposal. In February, the Uniswap Foundation proposed a fee reward mechanism for UNI token holders to boost governance participation. Initial responses showed strong support despite potential legal challenges from the US Securities and Exchange Commission (SEC) against the DeFi protocol. Traditionally, all fees generated by Uniswap went to liquidity providers (LPs) who supplied assets to the platform. The new proposal plans to distribute protocol fees among staked and delegated UNI token holders, thus incentivizing active participation within its ecosystem. 🔸 Uniswap Foundation Reveals $41.41M Holdings According to CryptoFees, Uniswap earned approximately $3.2 million in fees in the past 24 hours, averaging $3.4 million over the last week. The protocol handles roughly 30% of total trades in the decentralized finance sector. In a parallel development, the Uniswap Foundation disclosed holding $41.41 million in fiat and stablecoins and 730,000 UNI tokens as of the end of the first quarter. During this period, the Foundation committed $4.34 million in new grants and disbursed $2.79 million in previously committed grants. The fiat (USD) cash and stables are designated for grant-making and operating activities, while the UNI tokens are reserved for employee token awards. $UNI #UNI #Uniswap

🐋 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

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