Bitcoin’s recent surge to a new all-time high in daily transactions has been accompanied by the remarkable success of its latest innovation, Runes.

Since its launch just one week ago, Runes has made waves in the cryptocurrency world, generating an impressive $135 million in network fees.

The launch of Runes coincided with a significant milestone for Bitcoin, as the number of daily transactions skyrocketed to 927,000 on Tuesday.

This shattered the previous record of 724,000 transactions set back in December 2023, just three days after the 2024 Bitcoin-Halving event.

Bitcoin hit a new all-time high in daily transactions!

Following the launch of Runes, The number of Bitcoin transactions has increased rapidly, hitting 927,000 on Tuesday. This breaks the previous high of 724k set in December of 2023 pic.twitter.com/30JXbrLmdR

— IntoTheBlock (@intotheblock) April 26, 2024

Runes, essentially a fungible version of Bitcoin Ordinals, has quickly become a dominant force within the Bitcoin network. It now accounts for a staggering 68% of all native Bitcoin transactions, driving the surge in network activity.

The rapid adoption of Runes highlights its appeal and utility within the cryptocurrency ecosystem. By providing users with a fungible alternative to Bitcoin Ordinals, Runes has facilitated a new wave of transactions, fueling the network’s growth and expansion.

BITCOIN NETWORK NOW MORE ACTIVE THAN EVER BEFORE

– According to data from Glassnode, #Bitcoin set a new record in terms of daily transactions just three days after 2024’s Bitcoin-Halving event.

– The day saw Bitcoin process an incredible 926,000 daily transactions…

– …… https://t.co/vjfemMn239 pic.twitter.com/aUrc5bUJsr

— BSCN (@BSCNews) April 26, 2024

The $135 million generated in network fees within the first week of Runes’ launch underscores the significant demand and usage of this innovative solution. Its success reflects the broader trend of increasing adoption and innovation within the cryptocurrency space, as developers and users continue to explore new possibilities and applications for blockchain technology.

As Bitcoin continues to break records and push the boundaries of what’s possible in decentralized finance, Runes stands out as a prime example of the ingenuity and creativity driving the evolution of the cryptocurrency ecosystem. With its impressive traction and widespread adoption, Runes is poised to play a pivotal role in shaping the future of digital finance.

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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Today, the price of Ethereum, the second-largest cryptocurrency by market capitalization, is experiencing a slight decline as it inches closer to the $3,000 mark.

ETH witnessed a low of $3,071 before undergoing a modest recovery, with the current trading price settling at $3,114. Notably, Ethereum continues to show a 1% loss in value at press time.

Recent on-chain reports have unveiled intriguing transactions involving significant amounts of ETH. Address 0x4E8…fA555 initiated a transfer of 8,150 ETH, valued at $25.64 million, to a Galaxy Digital OTC address, raising suspicions of a commissioned sale.

9,150 ETH Potential Relation With Recent Whale Transaction

This transaction comes on the heels of a similar move a month ago when the same whale transferred 9,150 ETH to the OTC address. Galaxy Digital subsequently deposited the ETH into Coinbase in batches, leading to speculations of a shipment. The opening cost of ETH at this address was approximately $3,371, with the suspected loss from the sold portion estimated at $2.53 million.

Adding to the intrigue, a fresh wallet, suspected to belong to Justin Sun, withdrew a substantial amount of USDT and ETH from Binance today. The transaction mirrors previous behavior observed from two wallets that withdrew large quantities of ETH and stablecoins from Binance.

Did #JustinSun change a new wallet?

A fresh wallet withdrew 95.67M $USDT and 7,402 $ETH ($23.3M) from #Binance today.

This is similar to the previous transaction behavior of 2 wallets that withdrew large amounts of $ETH and stablecoins from #Binance.https://t.co/qBsVs3jbnd pic.twitter.com/Gqvd9mStBn

— Lookonchain (@lookonchain) April 27, 2024

These on-chain activities have drawn the attention of crypto enthusiasts and investors, prompting speculation and analysis regarding their potential implications for Ethereum’s market dynamics. As traders continue to monitor Ethereum’s price movements, the intricacies of on-chain transactions provide valuable insights into the evolving landscape of the cryptocurrency 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 Synthetic protocol, represented by its native token $SNX , has experienced a notable decline of 41% over the past month. However, there’s a glimmer of optimism as the price of $SNX saw a modest 2% increase today. 

In a move that reflects confidence in the project’s long-term potential, Framework Ventures, a notable investor in Synthetix, deposited an additional 2 million SNX tokens to Coinbase Prime, totaling $5.84 million at a price of $2.924 per token.

Framework Ventures 0xa5f, the largest institutional SNX-holding wallet, deposited 2M $SNX ($5.85M) to #Coinbase at $2.92 ~7hrs ago.

Notably, @hiFramework was an investor and received most of their SNX from @synthetix_io. In recent moves, the VC has deposited 6M $SNX ($23.8M) to… pic.twitter.com/m1n2WxDYgu

— Spot On Chain (@spotonchain) April 26, 2024

Framework Ventures’ involvement in Synthetix dates back to their initial investment, which has since evolved into significant holdings.

Since October 29, 2021, they have vested 24 million SNX tokens across both the Ethereum and Optimism chains. This strategic investment underscores their belief in the future of decentralized liquidity provisioning and the Synthetic protocol’s role within it.

Framework Venture’s Commitment To SNX Revealed 

Over the past months, Framework Ventures has demonstrated its commitment to Synthetix by consistently adding to its holdings. Notably, they have deposited 9.9 million SNX to Coinbase at an average price of $3.642 since July 30, 2022. Despite market fluctuations, Framework Ventures has remained steadfast in its support of Synthetix, even during periods of price decline.

Currently, Framework Ventures maintains a significant stake in Synthetix, holding 17.3 million SNX tokens, equivalent to 5.27% of the total supply. This makes them the largest institutional holder of SNX tokens, further solidifying their position as a key player in the decentralized finance landscape.

The continued investment by Framework Ventures highlights their confidence in the Synthetic protocol’s ability to innovate and drive growth within the DeFi sector. As they continue to bolster their position in Synthetix, it serves as a vote of confidence in the project’s long-term viability and potential for further development and adoption.

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 cryptocurrency $ONDO has experienced a 2.5% decline in its price today, adding to a downward trend that has seen a 10% decrease over the past 30 days. 

Amidst this price movement, an interesting development has occurred involving a significant address in the $ONDO ecosystem.

Address 0x5f13…4E7C2, which appears to be an early investor or market maker of $ONDO, made a notable transaction in the past two hours. 

The address deposited a substantial amount of 2.5 million ONDO tokens to both Bybit and Gate, with a combined value of approximately 2 million US dollars.

地址 0x5f13…4E7C2 过去两小时内向 #Bybit 和 #Gate 充值 250 万枚 ONDO，价值 200 万美金

该地址似乎是 $ONDO 早期投资者 / 做市商，自 04.04 起至今，已累计从 Coinbase 转出 4400 万枚代币，随后转移至各个交易所，总价值 3535 万美金

钱包地址https://t.co/7ns21uESz9 pic.twitter.com/tp7fFZHJXw

— Ai 姨 (@ai_9684xtpa) April 26, 2024

44 Million $ONDO Token Transfered Out Of Coinbase 

This move suggests active participation from a key player in the $ONDO market, potentially indicating strategic positioning or portfolio management in response to market conditions. Notably, since April 4th, a total of 44 million ONDO tokens have been transferred out of Coinbase and subsequently distributed to various exchanges. 

The total value of these transactions amounts to 35.35 million US dollars.

The actions of address 0x5f13…4E7C2 underscore the dynamic nature of cryptocurrency markets, where investors and market makers continuously adjust their positions based on market trends and individual strategies. 

While the recent decline in the price of $ONDO may have prompted this movement, the broader implications of such transactions remain to be seen.

As investors navigate the evolving landscape of digital assets, monitoring the activities of influential addresses like 0x5f13…4E7C2 can provide valuable insights into market sentiment and potential future price movements. Additionally, the influx of ONDO tokens into various exchanges may contribute to increased liquidity and trading activity, further shaping the trajectory of the $ONDO market in the days and weeks to come.

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 cryptocurrency market is abuzz with the meteoric rise of $MANEKI, a token that has skyrocketed by over 30,000% since its inception. 

In the past 24 hours alone, the price of Maneki has surged by an impressive 50%, with its market capitalization reaching $192.6 million, and it is currently trading at $0.02167.

Recent data from dex screener highlights the remarkable performance of Maneki, cementing its position as one of the hottest assets in the crypto space. However, amidst this surge, traders and holders of the Maneki token are advised to closely monitor the activity of seven specific wallets.

The price of $MANEKI has increased by more than 30,000% since its launch!

If you hold $MANEKI or want to buy $MANEKI, you must pay attention to these 7 wallets.

These 7 wallets(possibly belonging to the same person) spent 3,388 $SOL($525K) to buy 3.99B $MANEKI (44.9% of the… pic.twitter.com/19vTM3Pjpk

— Lookonchain (@lookonchain) April 25, 2024

These seven wallets, believed to possibly belong to the same individual, made a significant splash in the Maneki ecosystem shortly after its launch. 

In a swift move, they collectively spent 3,388 $SOL ($525,000) to acquire a staggering 3.99 billion $MANEKI tokens, representing a significant portion of the total token supply. What’s more intriguing is that this acquisition occurred within a mere minute of Maneki’s online debut.

$MANEKI Token Distribution Wallets To Monitor 

Following the acquisition, these wallets proceeded to distribute the acquired 3.99 billion $MANEKI tokens across nearly 100 new wallets. 

Remarkably, they opted not to sell any portion of their holdings, demonstrating a long-term investment strategy. 

At current prices, the distributed tokens are valued at approximately $88 million, underlining the substantial impact of these whales’ activities on the Maneki ecosystem.

As Maneki continues to capture the attention of traders and investors with its unprecedented price surge, the actions of these key wallets serve as a focal point for market participants. 

Their significant holdings and strategic distribution of tokens without selling underscore the potential for further growth and development within the Maneki community.

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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In a strategic move aimed at consolidating and enhancing its network capabilities, BNBChain is gearing up to introduce liquid-staking functionality on the BNB Smart Chain (BSC) network.

This initiative marks a significant step in the ongoing transition away from the Beacon Chain, with plans to fully decommission it by June 2024.

The rollout of liquid-staking on the BSC network is poised to revolutionize the BNB ecosystem by offering users increased flexibility and capital efficiency. While the precise launch date for this feature remains undisclosed, insiders suggest that implementation is on track for April or May 2024.

According to statements from the BNB Chain team, this strategic move is part of a broader effort to optimize network performance, bolster security measures, and align with evolving technological trends. 

BNB BEACON CHAIN TO SHUT DOWN IN JUNE AS LIQUID-STAKING LAUNCHED ON BSC

– @BNBChain is set to enable liquid-staking on the BNB Smart Chain (BSC) network as the push to migrate all functionality away from its Beacon Chain continues.

– The $BNB Beacon Chain itself is scheduled to… https://t.co/Ba0dLgkvZB pic.twitter.com/9yjJHq6jm0

— BSCN (@BSCNews) April 25, 2024

Further Revelation Regarding The BNB Chain Functionality And Operations

By consolidating functionalities and streamlining operations, the transition to liquid-staking on the BSC network aims to improve overall efficiency and reduce potential security risks.

Liquid-staking will enable BNB holders to stake their tokens while still maintaining liquidity, thereby unlocking new opportunities for participation in the network’s governance and earning potential. This innovative approach not only enhances the usability of the BNB ecosystem but also aligns with the growing demand for flexible financial instruments within the crypto space.

As the crypto landscape continues to evolve, initiatives like liquid-staking on the BSC network underscore BNBChain’s commitment to innovation and adaptability. 

By embracing technological advancements and responding to user needs, BNBChain remains at the forefront of driving progress and fostering a vibrant ecosystem for its community of users and stakeholders.

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 a 2.5% gain today, Ethereum is grappling with formidable resistance levels, particularly in the range of $3,170 to $3,270. This resistance zone is significant, as it is backed by 1.63 million addresses holding a collective 4.45 million ETH. 

#Ethereum encounters strong resistance between $3,170 and $3,270, with 1.63 million addresses holding 4.45 million $ETH . Breaking past this barrier could propel #ETH toward $3,650! pic.twitter.com/Ko74nHdpTj

— Ali (@ali_charts) April 23, 2024

Surpassing this hurdle could potentially propel ETH towards the $3,650 mark, offering traders and investors a bullish outlook. Currently, Ethereum is trading at $3,253, reflecting the ongoing battle between buyers and sellers in the market.

In recent hours, notable activity has been observed involving wallet 0x4359, possibly linked to Justin Sun. This wallet withdrew a substantial amount of 15,389 ETH, valued at $49.78 million, from Binance.

Since April 8, Justin Sun, or the entity behind wallet 0x4359, has been actively accumulating ETH, having purchased 147,442 ETH totaling $469.9 million at an average price of $3,179. 

0x4359 (possibly #JustinSun) withdrew 15,389 $ETH ($49.78M) from #Binance again 8 hours ago and he had bought 147,442 $ETH ($469.9M) at $3,179 since Apr 8.https://t.co/41366OnM5Yhttps://t.co/PXIswFqWum pic.twitter.com/0J77rbZhFB

— Lookonchain (@lookonchain) April 24, 2024

This accumulation suggests a strategic move by Sun, potentially indicating participation in staking and restacking activities within the Ethereum ecosystem.

Hong Kong Bitcoin And Ethereum Spot ETF Launch

In other developments, the launch of the Hong Kong Bitcoin and Ethereum Spot ETF is eagerly anticipated, scheduled to commence trading on April 30. According to a spokesperson from HashKey, the ETF will adopt an in-kind approach, which is particularly appealing to crypto natives, market makers, and digital-asset exchanges. 

This approach offers greater efficiency and arbitrage opportunities, potentially attracting significant interest from institutional and retail investors alike.

The Hong Kong Bitcoin and Ethereum Spot ETF will begin trading on April 30, according to a HashKey spokesperson. Wintermute said the in-kind approach particularly appealing to crypto natives, market makers and digital-asset exchanges as it enables greater efficiency and arbitrage…

— Wu Blockchain (@WuBlockchain) April 24, 2024

As Ethereum navigates through resistance levels and awaits the ETF launch, market participants remain vigilant, closely monitoring price movements and whale activity. 

The outcome of these developments could shape Ethereum’s trajectory in the near term, influencing sentiment and investment decisions across the 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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Bitcoin experienced a notable upsurge in the past 24 hours, reaching a high of $67,000, buoyed by strong support from key whale tier holders with holdings ranging from 1,000 to 10,000 BTC. 

🐳 #Bitcoin's key whale tier holding 1K-10K $BTC are supporting this rise, and have now accumulated 266K more $BTC since the start of 2024. This translates to an accumulation of 1.24% of the entire supply. The crowd is also showing a high degree of #FOMO. https://t.co/fNSTOERzXo pic.twitter.com/qaJmQJfFca

— Santiment (@santimentfeed) April 24, 2024

These whales have steadily accumulated an additional 266,000 BTC since the beginning of 2024, amounting to 1.24% of the total Bitcoin supply. The market sentiment is also characterized by a significant level of FOMO, further bolstering the bullish momentum.

However, recent data from Lookonchain indicates that a newly created wallet, 3CBS3t3d2Ui4Mma6YcuHHHR42VcJHnGMsb, withdrew 500 BTC ($33.07 million) from Binance within the past 24 hours. 

Did anyone buy 500 $BTC today?

We noticed a fresh wallet withdrew 500 $BTC ($33.07M) from #Binance 1 hour ago.

Address:3CBS3t3d2Ui4Mma6YcuHHHR42VcJHnGMsb pic.twitter.com/nWhHMllOd2

— Lookonchain (@lookonchain) April 23, 2024

This withdrawal suggests a degree of profit-taking or strategic maneuvering by individual investors amidst the ongoing price rally.

Analyst Ali Martinez highlighted a concerning trend, revealing that the Bitcoin accumulation trend score has dropped to zero. This implies that whales may be either distributing their holdings or refraining from accumulating additional BTC at current price levels. 

#Bitcoin accumulation trend score has dropped to zero, indicating that whales are distributing or not accumulating $BTC at the current levels! pic.twitter.com/zynub6w9o6

— Ali (@ali_charts) April 23, 2024

Additionally, the TD Sequential indicator has flashed a sell signal on the 12-hour chart, indicating potential resistance at the mid-level of a parallel channel. Traders are advised to exercise caution, particularly if Bitcoin drops below the critical support level of $65,500.

Bitcoin ETF Net Inflow Turns Positive For Consecutive Trading Days 

On the institutional front, data from Spotonchain shows that Bitcoin ETF net inflow for April 23, 2024, amounted to a positive $32 million, marking the third consecutive day of net inflows. Notably, the outflow from Grayscale Bitcoin Trust (GBTC) has remained below $100 million for four consecutive trading days, indicating relatively stable market dynamics. 

🚨 $BTC #ETF Net Inflow Apr 23, 2024: +$32M!

• The net inflow has been positive for 3 consecutive trading days.

• The single-day outflow of #Grayscale Bitcoin Trust $GBTC remains under $100M for 4 trading days in a row.

• Generally, all 10 #Bitcoin #ETFs, especially… pic.twitter.com/puqBk8faGv

— Spot On Chain (@spotonchain) April 24, 2024

However, all 10 Bitcoin ETFs, including the BlackRock iShares Bitcoin Trust (IBIT), have shown weak flows recently, suggesting a degree of investor apprehension.

As Bitcoin continues to navigate through these market dynamics, traders and investors are advised to closely monitor key support and resistance levels to make informed decisions amidst the evolving market conditions.

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 stablecoin market has been on a robust recovery path since October 2023, demonstrating resilience and steady growth. Recently, the stablecoin market cap has surged to $160 billion, edging closer to its previous all-time high of $188 billion with each passing day.

The stablecoin market has been in a strong recovery since October of 2023. Here's why it matters👇

The stablecoin market cap recently reached $160 billion, inching closer to the all-time high of $188 billion every day.

➖Stablecoins play a crucial role in DeFi, serving as the… pic.twitter.com/xrMB0qWWqO

— IntoTheBlock (@intotheblock) April 23, 2024

Stablecoins are essential components of the DeFi (Decentralized Finance) ecosystem, serving as foundational pillars for numerous protocols and platforms. Their increasing market cap not only bolsters the growth of DeFi but also ensures its sustainability over time.

One of the key contributions of a thriving stablecoin market cap is its role in enhancing liquidity within the broader cryptocurrency market. This heightened liquidity fosters smoother and more efficient operations across various crypto assets, facilitating seamless transactions and market activities.

$DAI saw $240B in on-chain transaction volume last week.

Not only is this a new weekly high for $DAI, it's also more than all other stablecoins combined! pic.twitter.com/pgm3pv7M5M

— IntoTheBlock (@intotheblock) April 23, 2024

Moreover, stablecoins play a vital role as entry points for fiat money into the cryptocurrency market. Their stability and reliability make them preferred instruments for investors looking to enter the crypto space, thereby supporting inflows of new capital into the market.

$240 Billion On-Chain Transaction Volume In Record 

Recent data from Intotheblock underscores the significance of stablecoins, particularly highlighting the impressive performance of $DAI. With $240 billion in on-chain transaction volume recorded last week, $DAI has not only set a new weekly high but has also surpassed all other stablecoins combined in transaction volume.

This remarkable achievement further solidifies the pivotal role of stablecoins in the cryptocurrency landscape, affirming their status as indispensable assets driving liquidity, stability, and growth within the market.

As the stablecoin market continues its upward trajectory, its growing significance underscores the importance of monitoring its developments closely. With stablecoins serving as linchpins for various aspects of the crypto ecosystem, their continued expansion is poised to shape the future dynamics of decentralized finance and beyond.

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 recent price movement of XRP has caught the attention of crypto whales, who have been actively accumulating the digital asset amidst its fluctuations.

Over the past week alone, these whales have acquired more than 31 million XRP tokens, signaling a bullish sentiment in the market.

Currently trading at $0.544, XRP has outperformed many other altcoins, experiencing a notable 6% jump and reaching as high as $0.5687 today. This surge in price underscores growing investor confidence in the asset, potentially indicating a shift in market dynamics.

$XRP dropped from $0.62 to $0.41, and #crypto whales took notice. They've bought over 31 million #XRP in just the past week! pic.twitter.com/3FCA3PR3hi

— Ali (@ali_charts) April 23, 2024

A significant development in the XRP ecosystem is the increasing number of wallets holding at least 1 million XRP tokens. This metric has seen a steady uptick over the past six weeks, rising by 3.1%. Remarkably, the current count of such wallets stands at 2,013, just one shy of the all-time high recorded on June 17, 2023.

XRP Wallets With 1 Million Tokens Makes Massive Recovery In Number

This trend highlights a growing interest among investors and stakeholders in XRP, with many opting to hold substantial amounts of the digital currency in their wallets. The near-attainment of the previous all-time high in the number of large XRP holders further reinforces the positive sentiment surrounding the asset.

Comparing the current scenario to historical milestones, it’s noteworthy that XRP wallets holding 1 million or more coins reached their peak on June 17, 2023, with a count of 2,014. Fast forward to April 22, 2024, and the number of such wallets is on the cusp of matching this record, with 2,013 wallets currently in existence.

🐳 The price of #XRP has jumped ahead of the #altcoin pack, jumping +6% and as high as $0.5687 today. The amount of wallets, 2,013, holding at least 1M $XRP has been surging over the past six weeks (rising 3.1%), and is within 1 wallet of the #AllTimeHigh. https://t.co/2ZfC9v79x9 pic.twitter.com/rqKgcOYJJx

— Santiment (@santimentfeed) April 22, 2024

Overall, the recent surge in XRP’s price, coupled with the increased accumulation by crypto whales and the impending milestone in wallet counts, paints a promising picture for the future trajectory of the digital asset.

As market participants continue to monitor these developments closely, XRP remains poised for further growth and potential milestones 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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MakerDAO’s native token $MKR has experienced a 4% decline in the past 24 hours and a 6% drop over the course of the last 7 days, signaling a challenging period for the cryptocurrency.

Recent on-chain reports reveal that MakerDAO Multisign 0xbba has deposited 421.985 MKR, equivalent to $1.29 million, to Wintermute Trading OTC at a price of $3,046 before the price downturn.

This deposit adds to the multisign’s overall activity, which has seen 9,043 MKR deposited to Wintermute Trading OTC at an average price of $3,291, totaling $29.76 million, since the price surge on March 17, 2024. 

Multisign 0xbba, likely @MakerDAO, has consistently moved $MKR out before price drops!

In the past 2 weeks, the multisign sent 4,535 $MKR ($14.4M) in total almost daily to #Wintermute Trading, which then deposited to CEX like #Binance, #Coinbase, or #Kraken,

And the price… https://t.co/cZanltuTnA pic.twitter.com/ZK9uyzXO0G

— Spot On Chain (@spotonchain) April 22, 2024

Notably, the price has tended to slightly decrease following each deposit. Currently, the multisign still holds 21,928 MKR, valued at $66.36 million.

Some $MKR Whales Sells Off Some Profits 

In addition to multisign activity, a whale profiting $3.51 million through $MKR transactions sold 1,500 MKR on the chain in the past two hours at an average price of $3,045.

Subsequently, the whale recharged 4.48 million USDT into Binance, possibly in anticipation of purchasing at the market’s bottom.

2024.03 通过 $MKR 波段获利 351 万美金的巨鲸，过去两小时在链上卖出 1500 枚 MKR，卖出均价 $3045；随后将 448 万枚 USDT 充值进币安，或许是去抄底了？

这部分 MKR 是 04.11 以均价 $3325 从币安转出的，此次卖出亏损了 42 万美金，剩余部分仍浮亏 14 万美金😂

钱包地址 https://t.co/5agHlcRBTz pic.twitter.com/QpITUxNxOm

— Ai 姨 (@ai_9684xtpa) April 22, 2024

The portion of MKR sold was transferred from Binance on April 11 at an average price of $3325, resulting in a loss of $420,000. The remaining portion of MKR still holds a floating loss of $140,000.

These recent movements within the $MKR ecosystem highlight the active participation of whales and multisign entities, shaping the token’s market dynamics. As the cryptocurrency faces a period of decline, investors are closely monitoring these developments for potential insights into future price trends and market sentiment.

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 GMT token, which has experienced a bearish trend across all timeframes, showed signs of a potential recovery today with a 4% increase, bringing its current trading price to $0.238.

This slight uptick follows a period of decline, indicating a possible shift in market sentiment.

Notably, a significant development occurred yesterday when an early investor or contributor identified as 0x8b3…e62b0 recharged 30 million GMT tokens on Binance, amounting to $6.79 million US dollars. 

This move comes on the heels of the distribution of 18 million tokens received by the same address from the StepN TokenTimeLock contract a week ago when the price was $0.32. Despite the current price decline to $0.23, the address still holds 77.6 million GMT tokens, valued at $17.67 million.

两小时前，GMT 早期投资人或贡献者 0x8b3…e62b0 向 #Binance 充值 3000 万枚 $GMT ，价值 679 万美金

该地址在一周前收到 StepN TokenTimeLock 合约分发的 1800 万枚代币，当时币价为 $0.32（现价 $0.23）；目前仍持有 7760 万枚 GMT，总价值 1767 万美金

钱包地址 https://t.co/FvyOAFMayd https://t.co/hGyFyUhSSn pic.twitter.com/oY8WNRCV0A

— Ai 姨 (@ai_9684xtpa) April 18, 2024

GMT Token Records Return On Investment (ROI)

Despite the recent downturn, the GMT token has maintained a remarkable return on investment (ROI) of 2285%, according to Coinmarketcap data. This impressive ROI underscores the token’s past performance, despite the recent challenges it has faced in the market.

Investors and observers are closely monitoring GMT’s price movements, particularly in light of today’s modest recovery. While the token has faced downward pressure in recent times, the influx of capital from early investors and contributors suggests continued confidence in the project’s long-term potential.

Overall, while the GMT token may have experienced a period of decline, today’s uptick and the ongoing support from early investors indicate resilience within the project. As the market continues to evolve, investors will be watching closely to see if this recovery marks the beginning of a sustained upward trend for GMT.

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 GMT Token Shows Signs Of Recovery After Recent Downtrend appeared first on The Merkle News.

Pendle, despite experiencing a 14% decline in the past 7 days following a significant surge in recent weeks, continues to offer promising opportunities within the realm of decentralized finance (DeFi). 

Despite the short-term fluctuations, the sentiment surrounding Pendle remains largely positive, with investors eyeing its potential for yield generation.

One notable aspect of Pendle’s appeal lies in its ability to provide attractive yield opportunities within the DeFi space. Investors are drawn to the platform’s innovative approach to yield farming and asset optimization, which has contributed to its resilience amidst market volatility.

过去两周，Pendle 铁杆粉丝 0xAa4…12285 已累计锁定 80 万枚 PENDLE，总价值 472 万美金，到期日为 2026.04.09！😵

锁定 $PENDLE 将收到治理代币 vePENDLE，获得社区投票权与协议收入分成，与 veCRV 机制类似

不知道两年后 PENDLE 币价是否会回报这位 HODL 呢；钱包地址 https://t.co/YBloDsdtUh pic.twitter.com/AFvwvfQPwW

— Ai 姨 (@ai_9684xtpa) April 18, 2024

Pendle Whales Locks Up Tokens 

In a testament to Pendle’s allure, a dedicated supporter identified as 0xAa4…12285 has recently locked up 800,000 PENDLE tokens, amounting to a substantial value of $4.72 million US dollars.

Notably, these tokens are locked until April 9, 2026, showcasing a long-term commitment to the platform’s ecosystem.

By locking PENDLE tokens, investors like 0xAa4…12285 gain access to governance features and voting rights within the Pendle protocol.

Additionally, they become eligible to receive vePENDLE tokens, which not only confer governance privileges but also entitle holders to a share of the protocol’s revenue. This mechanism mirrors the successful veCRV model employed by Curve Finance, further bolstering investor confidence in Pendle’s value proposition.

Overall, despite short-term market fluctuations, Pendle stands out as a promising player in the DeFi landscape, offering investors the opportunity to participate in innovative yield-generating strategies.

The commitment of dedicated supporters, such as 0xAa4…12285, underscores the platform’s potential for long-term growth and sustainability within the burgeoning DeFi ecosystem.

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 Shows Resilience Amid Market Volatility appeared first on The Merkle News.

Recent activity from Wallet 0x4f5, suspected to belong to Render Network, has caught the attention of market observers, raising speculation about the project’s intentions amidst a scheduled token unlock.

In a series of transactions, the wallet deposited a substantial amount of 1.35 million RNDR tokens (valued at $10.98 million) to Binance, with an average price of $8.13 over the past few hours. 

Notably, just five hours prior, the wallet received 2.5 million RNDR tokens from Render Network’s wallets, valued at $20.79 million, at a slightly higher price of $8.316 per token. Intriguingly, the wallet has since deposited 1.652 million RNDR tokens to Binance at an average price of $8.087 within the last three hours.

The Render Network moved 2.5M $RNDR (~$20.8M) to the new wallet 0x5b9 9 hours ago, of which 1.65M $RNDR (~$13.4M) has been deposited to #Binance in the past 5 hours.

Notably, Render Network was supposed to unlock only around 761K $RNDR (~$6.33M), or 0.2% of the cir. supply… pic.twitter.com/5x2B0QZnxn

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

The Significant Render Network Token Unlock And Impact 

The timing of these transactions coincides with Render Network’s scheduled token unlock, expected to release around 760,570 RNDR tokens (~$6.33 million), representing only 0.2% of the circulating supply. However, the surplus amount of RNDR tokens sent out from the project’s wallets raises questions about its destination and purpose.

As of now, the wallet still retains 847,831 RNDR tokens, valued at approximately $6.94 million, suggesting the possibility of further token deposits to centralized exchanges in the near future. Meanwhile, Render Network has experienced a 6% decline in its token value over the past 24 hours, adding to the intrigue surrounding the recent wallet activity.

The series of transactions from Wallet 0x4f5 underscores the need for clarity and transparency regarding token movements, particularly during significant events such as token unlocks. Market participants are closely monitoring developments within Render Network, awaiting further insights into the project’s strategic decisions amidst evolving market conditions.

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 OMNI network token has experienced a substantial decline in value today, shedding 32% of its market value, prompting attention to recent on-chain activity involving a notable address associated with the $ONDO project party.

According to reports from on-chain analytics, an address linked to the $ONDO project deposited 200,000 $OMNI tokens into Coinbase just a few hours ago, amounting to approximately US$6.65 million.

This address is believed to be affiliated with an early investment institution that holds interests in both the Ondo and Omni projects.

Remarkably, this address received a distribution of 200,000 tokens from the $OMNI project only 18 hours prior, constituting 1.92% of the total tokens in circulation.

Additionally, it acquired a significant amount of 144 million ONDO tokens from the Ondo project on January 18, 2024, equivalent to 1.92% of the total tokens in circulation (representing 10.39% of the total currency circulation).

The close relationship between this institution and Coinbase is highlighted by its frequent large-scale deposits and withdrawals of ONDO tokens on the platform in recent months. The timing of this substantial deposit of OMNI tokens to Coinbase is notable, occurring shortly after the announcement of OMNI’s launch.

As the OMNI network token continues to face downward pressure, market observers are closely monitoring the implications of such significant on-chain activity. The deposit to Coinbase raises questions about the intentions behind the transaction and its potential impact on market dynamics amidst the ongoing decline in token value.

The developments within the OMNI ecosystem and the involvement of key stakeholders underscore the need for transparency and clarity within the cryptocurrency market, particularly during periods of heightened volatility and market uncertainty.

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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WorldCoin has experienced a significant decline, plummeting more than halfway from its previous all-time high earlier this year. 

The downward trend continues, with the token losing an additional 6% of its value today, bringing its current trading price to $4.76.

In a recent on-chain development, a notable whale address, identified as 0x4A9E…c261F, deposited 1.4 million $WLD tokens to Binance a few hours ago, amounting to a substantial $6.78 million. 

If these tokens were to be liquidated, it would result in a loss of $560,000.

WorldCoin Whale Accumulation And Sell-Offs 

This whale address has been active in accumulating WorldCoin tokens since the outbreak of the AI track from February 14 to April 11. During this period, the whale acquired tokens in batches, totaling 4.22 million, at an average transfer price of $5.2. 

However, recent actions suggest a shift in strategy, with suspicions arising that the whale has been selling off portions of its holdings. Over the past three days alone, approximately 1.73 million WLD tokens, valued at $8.45 million, are believed to have been sold.

The timing of the whale’s deposit to Binance amid the token’s declining value raises questions about the intentions behind the transaction. While WorldCoin struggles to regain momentum, the actions of major stakeholders such as this whale address significantly influence market dynamics.

As investors monitor the market for signs of recovery, the influx of tokens to exchanges and the selling pressure exerted by large holders like the identified whale will continue to shape WorldCoin’s trajectory. The ongoing volatility underscores the challenges faced by both investors and projects in navigating the cryptocurrency landscape.

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 WorldCoin Faces Steep Decline as Whale Deposits Millions To Binance appeared first on The Merkle News.

Following a significant drop in the prices of Bitcoin and Ethereum over the weekend, sentiment toward the two leading cryptocurrencies has turned notably bearish.

Bitcoin plummeted to as low as $61.5K, while Ethereum dipped to $2,890, prompting a surge in negative sentiment among market observers.

Today, Ethereum witnessed a further decline of 2.5%, exacerbating concerns among investors. Adding to the apprehension, a notable whale who previously bought Ethereum at the bottom in September 2022 has resurfaced, appearing to capitalize on profit-taking opportunities.

The whale recently deposited 5,000 ETH to Kraken within the past day, showcasing a strategic move to capitalize on the cryptocurrency’s recent price movements.

This follows a prior transaction where the whale withdrew a substantial amount of 96,638 ETH (valued at $151.42 million at the time) from Coinbase at $1,567 between September 3 and September 7, 2022. 

The whale that bought $ETH at the bottom in Sept 2022 appears to be selling $ETH at a profit again.

He deposited 5K $ETH to #Kraken 56 minutes ago.

He withdrew 96,638 $ETH ($151.42M at the time) from #Coinbase at $1,567 from Sept 3 to Sept 7, 2022.

And he currently has 76,638… pic.twitter.com/5FR0TXRGF5

— Lookonchain (@lookonchain) April 16, 2024

With 76,638 ETH remaining, the whale has amassed a total profit of approximately $153.7 million, underscoring the lucrative nature of their trading strategy.

Celsius Recent Involvement In The Ethereum Market To Monitor 

Meanwhile, Celsius Network has made a significant return to the Ethereum market by depositing 8,091 ETH ($24.5 million) to Coinbase at an average price of around $3,022 just nine hours ago. This deposit marks their largest Ethereum transaction in the past three months, signaling renewed activity from the network. 

#Celsius Network returned to deposit 8,091 $ETH ($24.5M) to #Coinbase at ~$3,022 9hrs ago.

Notably, this is their largest $ETH deposit in 3 months. Previously, from Nov-13-23 to Jan-31-24, Celsius moved 847,626 $ETH (~$1.90B) to various CEXs, allegedly for some OTC deals.… pic.twitter.com/mVtEV6UOA4

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

Previously, Celsius Network had facilitated sizable Ethereum movements totaling 847,626 ETH (approximately $1.90 billion) to various centralized exchanges (CEXs) between November 13, 2023, and January 31, 2024, purportedly for over-the-counter (OTC) deals.

As Bitcoin and Ethereum continue to navigate through uncertain market conditions, investors are closely monitoring whale activity and institutional movements for insights into future price trends.

Despite the current bearish sentiment, strategic maneuvers from prominent players suggest that opportunities for profit-taking and market participation remain prevalent in the cryptocurrency 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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Trader optimism soared following the approval of spot Bitcoin and Ethereum ETFs in Hong Kong. However, the initial reaction was less than stellar, with Bitcoin experiencing a -6% drop in value.

🇭🇰 Trader optimism is high after #HongKong approved spot #Bitcoin & #Ethereum #ETF's today. Unsurprisingly, though, the initial market impact has been negative, with $BTC dropping -4.5% since the news hit the public. When #FOMO dies down, expect a bounce. https://t.co/aJypD7nAi7 pic.twitter.com/TIFy0T1IPF

— Santiment (@santimentfeed) April 15, 2024

Despite market volatility over the weekend, Bitcoin key stakeholders have shown resilience, holding onto their positions. Notable whale groups have been actively accumulating Bitcoin since March 1st, with significant sums being accumulated across various wallet sizes.

🐳 #Bitcoin key stakeholders aren't budging on their holdings, despite the concerning volatility that brought the top market cap #cryptocurrency's market value as low as $61.5K over the weekend.

With #FUD circulating among traders as markets close in on the April 19th #halving,… pic.twitter.com/TYmvQA6WBc

— Santiment (@santimentfeed) April 15, 2024

Data from Glassnode indicates a shift in Bitcoin wealth dynamics, with a notable increase in the proportion of newer holdings. This suggests a balance between long-term holders and new demand, potentially influencing market sentiment.

During the last two bull markets, the aggregate share of #Bitcoin wealth aged less than 6-months old reached between 84% and 95%, indicating a saturation of newer holders.

This metric has increased dramatically since early 2023, rising from 20% on 1-Jan-2023 to 47% today. This… pic.twitter.com/9Oo8ZfX71Z

— glassnode (@glassnode) April 15, 2024

Bitcoin Whale Sell Off BTC Holds In Loss

In the face of declining prices, one whale made a significant sell-off, offloading 1.2K $BTC ($75.55M) at a loss. However, despite this, addresses holding at least 0.1% of Bitcoin circulating supply have continued to accumulate, adding over 3000 $BTC or $198 million worth of assets today.

🚨 $BTC #ETFs Net Inflow Apr 15, 2024: -$37M!

• The net inflow has been negative for 2 consecutive trading days.

• Only Grayscale Bitcoin Trust $GBTC and BlackRock iShares Bitcoin Trust $IBIT had out/inflow today, while other 8 #BitcoinETFs continued to have zero net flows… pic.twitter.com/uVIpCjHdty

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

Spotonchain data reveals a negative net inflow of -$37 million for Bitcoin ETFs on April 15, marking the second consecutive day of outflows. Notably, only Grayscale Bitcoin Trust $GBTC and BlackRock iShares Bitcoin Trust $IBIT saw any activity, while other BitcoinETFs remained stagnant.

Amidst market uncertainty, geopolitical tensions, sparked by an attack on Israel by Iran, have further contributed to the cautious sentiment among investors. As the market awaits further developments, the situation remains tense, with traders keeping a close eye on potential geopolitical impacts on market dynamics.

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 impending token unlock event scheduled for April 16 poses a significant risk to Arbitrum (ARB) investors, as the market braces for potential price fluctuations.

These unlock events are notorious for triggering substantial volatility in cryptocurrency markets, given the uncertainty surrounding their aftermath.

On April 16, 2024, a staggering 92.65 million ARB tokens, representing 3.49% of the total circulating supply, are set to be released into the market. With a market value estimated at approximately $116.73 million, the unlock event has garnered widespread attention from investors and analysts alike.

#Arbitrum to Unlock 92.65 Million ARB Tokens in 'Cliff Unlock' Event.

🚨 On April 16, 2024, 92.65 million #ARB tokens, which is equivalent to 3.49% of the total tokens in circulation will be unlocked.

👉 The market value of this release is $116.73 million. pic.twitter.com/x8DSDX9wRy

— Crypto Aman (@cryptoamanclub) April 16, 2024

Amber Group Sells Off Major ARB Holds

In anticipation of the event, on-chain reports indicate that Amber Group, a major player in the crypto space, recently offloaded 1 million ARB tokens, netting approximately $1.13 million in proceeds.

This move follows a series of transactions involving ARB tokens, including a transfer of $9.43 million worth of ARB to an undisclosed address just a month ago. Despite these sales, Amber Group still retains a sizable stake of 3.1 million ARB tokens.

一小时前，Amber Group 疑似再次卖出 100 万枚 $ARB ，价值 113 万美金

一个月前 Amber 将价值 943 万美金的 ARB 转移至该地址，多次充值进交易所后，目前仍剩余 310 万枚代币

钱包地址 https://t.co/R2sYk57ci6 pic.twitter.com/t6W0rOGR95

— Ai 姨 (@ai_9684xtpa) April 16, 2024

The market sentiment surrounding Arbitrum has been bearish in recent days, with the token experiencing a notable decline of 25% over the past week.

This downward trend, coupled with the impending token unlock, has heightened concerns among investors about the potential impact on ARB’s price stability and overall market dynamics.

As the unlock date approaches, market participants are advised to exercise caution and closely monitor developments surrounding Arbitrum.

The outcome of the token release event is expected to have far-reaching implications for the cryptocurrency’s future trajectory, with the potential for significant price volatility and market turbulence. Amidst the uncertainty, investors are urged to stay informed and make well-informed decisions to navigate the evolving landscape of the 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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In a significant uptick, the price of Ethereum ($ETH ) has surged by 6% in the past 24 hours, reflecting renewed investor interest and market optimism.

Following the approval of spot Bitcoin and Ethereum ETF applications in Hong Kong, AI Bot’s analysis on Spotonchain has identified the return of 8 whales who had previously profited from ETH. 

Shortly after Hong Kong approved spot #Bitcoin and #Ethereum ETF applications, our AI Bot detected 8 whales who had previously earned from $ETH returning to buy $ETH on-chain.

Together, they spent a total of $31.88M in $USDT and $USDC to purchase 9,787 $ETH at an average price… pic.twitter.com/u8dHuwxNBr

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

These whales collectively invested $31.88 million in USDT and USDC to acquire 9,787 ETH at an average price of approximately $3,257 over the past few hours, indicating a bullish sentiment among large investors.

Adding to the intrigue, a wallet associated with Matrixport has withdrawn 16,300 ETH ($51.1 million) from Binance.

A wallet related to #Matrixport withdrew 16,300 $ETH ($51.1M) from #Binance again 20 mins ago.

This wallet has frequently withdrawn $ETH from exchanges since Mar 29, withdrawing a total of 67,286 $ETH ($228.33M) at an average price of $3,393.5.https://t.co/R43ImnYb5H pic.twitter.com/qmmzAxHzCV

— Lookonchain (@lookonchain) April 15, 2024

Notably, this wallet has been consistently withdrawing ETH from exchanges since March 29, with total withdrawals amounting to 67,286 ETH ($228.33 million) at an average price of $3,393.5, suggesting a strategic accumulation strategy.

Ethereum Whales Take Charge Of The Dip, Accumulating Massive ETH Tokens

In a separate development, another whale has reportedly capitalized on the market downturn by accumulating 1,000 ETH ($3.15 million) from Binance at opportune levels. 

This whale accumulated 1,000 $ETH ($3.15M) from #Binance at the bottom again, accumulating 8,300 $ETH ($25.12M) after the market dropped.https://t.co/ZXrwpz1g6D pic.twitter.com/bONUrSKbyl

— Lookonchain (@lookonchain) April 15, 2024

This accumulation brings their total ETH holdings to 8,300 ($25.12 million), demonstrating a proactive approach to capitalizing on market fluctuations.

The influx of whales returning to the ETH market, coupled with the bullish momentum following the ETF approvals, has injected renewed optimism into the Ethereum ecosystem. As the market continues to evolve, observers will closely monitor the activities of large investors and regulatory developments to gauge the trajectory of Ethereum and the broader cryptocurrency 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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