$POL on-chain data shows a major accumulation between $0.364 - $0.509, where nearly 9.97B POL sits “out of the money.” This range could serve as a key support or resistance zone. 📊
Currently, POL is trading around $0.330—below this accumulation range. If it reclaims $0.50, we might see renewed confidence and potential bullish momentum. However, failure to hold above $0.32 could lead to increased selling pressure and a drop to $0.30 or even $0.28. 🔻
📉 MACD remains in negative territory, signaling ongoing bearish momentum. Meanwhile, trading volume surged during the recent dip, hinting at potential accumulation.
💡 Key Levels to Watch:
🔹 Holding $0.32+ → bullish recovery potential ✅
🔹 Breaking below $0.32 → risk of deeper decline ❌
📊 Total active addresses have dipped slightly, dropping from 595.2K to 591.9K. If this trend reverses, it could indicate fresh investor interest and support a price recovery.
⚡ What’s your take? Is POL gearing up for a rebound, or will it sink further? Share your thoughts! 👇
Ethereum ($ETH ) Total Supply Rises to Its Highest Level Since September 2022! Here Are the Details.
The total supply of Ethereum (ETH) has risen to levels not seen since the momentous Merge upgrade in September 2022.
Ethereum Supply Rises to Pre-Merger Levels, Analysts Cite Dencun Update as Key Factor
According to data from Ultrasound.money, Ethereum's current supply has reached 120,521,523 ETH, surpassing the post-Merger lows by approximately 383 ETH.
This marks the highest supply since January 2023, effectively reversing the deflationary trend that has followed Ethereum's transition to a proof-of-stake (PoS) consensus mechanism.
The increase in ETH supply is largely attributed to the Dencun upgrade implemented in March 2024. Justin Bram, co-founder and CEO of Astaria, highlighted the development in X, sparking widespread discussion within the crypto community.
Dencun's Impact on ETH Inflation.
According to Jaehyun Ha, an analyst at Presto Research, the Dencun update fundamentally changed Ethereum's fee burn mechanism, which is a key driver of its deflationary supply dynamics.
"With the Dencun update, Ethereum introduced support for blob transactions, specifically designed to efficiently process large data loads for Layer 2 (L2) networks," Ha said. "These transactions use a separate fee unit known as 'blob gas,' distinct from standard gas fees."
Prior to Dencun, a significant portion
of transaction fees were burned,
reducing the supply of ETH. However,
the transition to blob gas resulted in a
decrease in the percentage of fees
burned as a significant amount of
transaction activity was shifted to
blob transactions. This reduced burn
effect contributed to ETH inflation
even as network activity remained
robust.
$ETH
{spot}(ETHUSDT)
#Write2Earn
🚀 Polkadot (DOT) has hit a low of $3.53, wiping out gains since last September. But don't fret! Two major catalysts could spark a comeback.
🔧 Polkadot 2.0 is on the horizon, introducing agile coretime and elastic scaling to boost transaction capacity and simplify developer onboarding. Plus, the Joint-Accumulate Machine (JAM) will replace the relay chain, enhancing efficiency.
💰 With $155M in the Polkadot Treasury and other funds, developers have ample support.
📈 Technical indicators suggest a potential rally to $30. What are your thoughts? Share below! 👇
𝗦𝘁𝗮𝗿𝗯𝗹𝗶𝗻𝗱 𝗖𝗼𝗺𝗶𝗰:
The 45-page Starblind comic, released on Polygon, Skale Network, and Saga, intersects creative storytelling and #web3 technology. This vivid narrative brings #AlienWorlds lore to life, introducing new characters and settings. The comic paves the way for the upcoming First-Person Shooter, Siege Worlds, demonstrating how lore can inspire and drive new gaming experiences across genres.
#TokenizedLore #MoreLore #Web3Comic #SciFi #ComicBook
⚡️ @Reservoir0x has closed its $14M Series A funding led by @USV
Reservoir, a crypto infrastructure startup that enables token trading for apps across blockchains, has raised $14M in a Series A funding round. Among other investors are @Cbventures, @Variantfund, @Archetypevc, @1kxnetwork, @Delphi_Digital, and @Nascentxyz among others. Reservoir’s product suite includes bridging and swaps multichain platform, decentralized exchange & token API, and an NFT marketplace and API.
👉
XRP Ledger Faces Rare Disruption – Then Self-Heals! 🔄🔥
The XRP Ledger (XRPL), one of the longest-running blockchain networks, briefly stalled at ledger height 93,927,173 before spontaneously recovering.
@Ripple CTO David Schwartz @JoelKatz explained the issue was probably due to failed validation publishing, causing a temporary consensus drift. Yet, XRPL recovered on its own, requiring no major validator intervention.
Resilient or a sign of deeper issues? Let us know what you think!
$PAIN presale raises 185,976 SOL, refunds 80% to buyers
The Hide the Pain Harold #memecoin raised 185,976 $SOL in 48 hours ($38M)
The team says they don’t need that much to launch and will refund 80% of the funds at launch. The remaining 20% will go toward liquidity, launch costs, and potential listing fees.
$PAIN allocations will be based on the amount sent, with bot and CEX deposits excluded. Refunds will go out for funds sent after block 318346069.
#Presale
🚨 $COW /USDT ALERT: Sideways Action, Potential Breakout! 🚨
{spot}(COWUSDT)
$COW is trading at $0.4158, with minimal movement, reflecting a 0.43% gain over the past 24 hours. The price briefly tested a high of $0.4343 but faced resistance, pulling back slightly toward its current range.
Key Levels to Watch:
Resistance: $0.43 – A breakout here could lead to targets of $0.45 and $0.47.
Support: $0.41 – A drop below this level may lead to a decline toward $0.39 and $0.37.
Trade Setup:
Long Entry: Above $0.43, targeting $0.45 and $0.47.
Short Entry: Below $0.41, aiming for $0.39 and $0.37.
Risk Management:
Stop-loss: For longs, below $0.41; for shorts, above $0.43.
The RSI at 37.19 indicates slight bearish momentum. Watch for volume spikes to confirm a directional move.
#COW