Busy Crypto

On May 31, Tether (USDT) tokens issued on the Tron blockchain reached another all-time high of $46 billion, compared to $36.8 billion for Ethereum, accounting for over 60% of USDT’s circulating supply. The milestone comes on the fifth-anniversary launch of the Tron mainnet.

The largest cryptocurrency, still stuck in a narrow range, is at last showing signs of life after several spikes to two-month lows.

Bitcoin (BTC) starts a new week in an altogether different mood as the weekly candle close brings a move higher.

The MACD also shows that SAND is experiencing a short-term bullish period, indicating that the candlesticks would continue to rise up the following days.

SAND is also closer to the support region and has a long way ahead in order to touch the Resistance level.

The SAN/USDT 1-Day Chart shows that the candlesticks are below the 200MA, indicating that SAND is witnessing a long-term bearish sentiment as per the Moving Average readings.

BTC was able to flip the key resistance level at $26,960 into support over the past 24 hours.

Santiment nesen tvītoja, ka BTC aktīvo adrešu skaits ir pieaudzis līdz 960 000.

This positive price movement was unable to flip SOL’s weekly performance into the red, however, which remained in the red at -3.26%.

the altcoin’s price stood at $19.51 after it increased 1.49% over the past day.

Solana (SOL) was able to print a 24-hour gain according to CoinMarketCap.

SOL’s price could rise to $19.933 if it is able to successfully turn $19.49 into support.

The altcoin was in the process of flipping the $19.49 resistance level into support.

Solana (SOL) was able to print a 24-hour gain of 1.49% to trade at $19.49.

PEPE traded at $0.0000015065 as of the time of writing after gaining 3.54% for the day.

Dynamo shared a screenshot containing data from DefiLlama, the well-known DeFi TVL aggregator, showing that Cardano DEX volume has exceeded $120 million. This amount is double the volume obtainable in April, which was around $60 million.

In a recent tweet, Patrick Dynamo, an on-chain analytics expert, brought attention to the surging volume of Cardano’s decentralized exchange (DEX), stating that the volume had reached its highest point ever this month.

The surge in DEX volume raises speculation among investors if it’s time to pay closer attention to ADA.

Santiment’s analysis explained that, apart from Illuvium, Lido DAO, and Holo also experienced significant whale actions. All actions involved high-volume transactions executed on their networks. Santiment described the move as a hint that a major outlier could be in the works for digital asset traders.

There was a $14 million transaction picked up on the #Illuvium network today, which has occurred right at the peak of its exchange supply top. Our latest insight looks at big whale moves from $ILV , $LDO , and $HOT as #crypto markets fight to stay afloat.