Cindy_eth

$ZEC is currently being watched by whales and accumulating assets

19 hours ago, the following wallet address took significant action by withdrawing a total of 24.001K $ZEC ~ $12.36M

In the current context, more than $12M is a large amount. This action shows that $ZEC is still attracting the attention of whales despite the price having surged significantly.

This is also a paradox of this season: coins that increase will attract more capital and rise sharply, while coins that lack capital will ... always

Wallet address:
t1KtX3hb63sCg2XxZZNA9HGyYP6deGNTHZy

#AXS – legend #GameFi fell from $166 to $0.86.

AXS was once a symbol of GameFi, a period when everyone mentioned #AxieInfinity wherever they went.

But now, the price has dropped 99% => accurately reflecting the true nature of GameFi in the old cycle: living off hype, lacking internal strength.
- Gameplay is not enough to retain players.
- Rewards are paid in inflationary tokens.
- Newcomers must continuously enter to support the system.

When new money stops coming in, the model collapses by itself; nothing surprising about that. AXS chart is a typical example of a project that has survived the bubble.

So, does GameFi die?

Not necessarily. But the GameFi of 2021 is pretty much over. In the next cycle, the market will no longer favor:
- pure play-to-earn,
- high inflation tokens,
- games created solely for farming.

What has a chance to survive is games that are well-made, have real players, and have real cash flow. Tokens are just an afterthought, not the center.

AXS now serves as a very clear lesson for GameFi. That is also the reason why up to now no project has been more successful than AXS, as every project follows the old model that does not concentrate value and lacks attractive income.

#Bitmine stakes over $1B $ETH

About 1 hour ago, Bitmine continued to make a very notable move by staking an additional 84.960K $ETH ~ $250M

In the past 24 hours, Bitmine has staked a total of 342.560 ETH ~ $1B

Bitmine has staked 1/10 of the total ETH it holds and this number may not stop here.

This is extremely good news for $ETH as the top 1 king shows intent to stay long-term with the project, helping to stabilize investor sentiment when everyone is afraid of big sales occurring as large organizations sell ETH at the moment.

$WLD continues to face selling pressure from investors

About 17 hours ago, the wallet address linked to Justin Bram just received 5.37M $WLD ~$2.6M from the wallet address #World Coin Vesting Wallet.

Immediately after, this wallet swapped 943K $WLD to receive 458.814K $USDC.

At the same time, this wallet also sold 23.84M $FAI for 54.629K $USDC.

Addresses:
- 0x64b96ae30166dfdcca404707eb02b105438703e9
- 0xd428962767ea96300c6f2b0119f7b7a17e36890c

Add 1 whale all in with $AAVE despite heavy losses 😴

11 hours ago, this wallet address continued to make a very notable move by swapping 1.086K $ETH ~ $3.17M for 20.375K $AAVE .

In the past 5 days, this whale has swapped a total of 1.586K $ETH ~ $4.7M in exchange for 30.003K $$AAVE at an average price of $156.65.
Currently, this whale is holding a total of 59.955K $$AAVE worth $9.24M, of which 39.213K AAVE have been staked.

The current PnL of the wallet is showing a loss of about $4.26M

This whale has continuously accumulated AAVE for a year and shows no signs of selling, it is very likely that this is the wallet of the project team, or a very bullish whale taking a long-term position with AAVE

Wallet address:

0xDDC4eAb490469f073Ab8Cd5937B1a0f585687931

0xc1ae9Aa84fDaa2511139a6Bc65FDD2c6Dc5Ccbd3

For the first time, the top holder staked $ETH

About 2 hours ago, #Bitmine made a very notable move when it staked 74.880K $ETH ~ $219.2M for the first time.

Although this is good news because after a long holding period, this giant has begun to stake, confirming its intention to go long with $ETH . However, the amount staked is not significant, and it cannot be confirmed whether #Bitmine wants to sell ETH at the moment.

Currently, Bitmine is holding up to 3.743M ETH ~ $10.95B (having exceeded 3 times the initial plan).

In parallel, #Sharplink has taken the opposite action by unstaking 35.627K $ETH ~ $118.64M after 2 months staked. Currently, the wallet has not shown any new movements, and it is still unclear what the purpose of this action is; however, the large amount of ETH unstaked by SharpLink is extremely noteworthy and will be observed further.