AmanCryptoo

maybe but not practical

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# Bitcoin's Dance with Gravity: The $109K Magnet Effect 🚀
#bitcoin $BTC

Bitcoin's been playing hard to get since hitting its $111,968 peak, slipping below the $105K mark like a teenager avoiding chores. But don't pack away your party hats just yet! On-chain data suggests this crypto king is just taking a breather before its next moonshot.

## The Liquidity Honey Trap 🍯
Just like Starbucks lures premium customers with fancy-named coffees at inflated prices, Bitcoin has set up a juicy trap at the $109,933 level. This liquidation hotspot is practically winking at traders, saying "come hither" to the price action. It's Bitcoin's way of inviting bulls to hang themselves with a luxurious rope of optimism!

## What's Next? 📊
1. **Support cushion**: $103,952 seems to be catching Bitcoin when it stumbles
2. **Psychological barrier**: The $105K level (just broken through in recent hours!)
3. **Target zone**: That tempting $109K liquidity cluster

Despite the recent wobbles, funding rates remain positive (0.005%) – traders are still betting on upward movement like optimists at a rainy picnic. The 4-hour chart shows we've bounced from the $103.7K low to above $105K, suggesting the bulls haven't lost their appetite! ?

Trump Family Crypto Project WLFI Proposes USD1 Test Airdrop to Token Holders

#welfi
The test airdrop aims to “validate the technical functionality” of the airdrop feature in a live environment.

World Liberty Financial (WLFI), a crypto project linked to Donald Trump and his sons, is testing its on-chain airdrop feature by airdropping USD1 stablecoin to token holders.
$welfi

The airdrop test mechanism will reward early WLFI holders with a small amount of the new dollar-pegged stablecoin. Per a post on Tuesday in the WLFI forum, the proposal has already received over 99% of votes.

The test airdrop aims to “validate the technical functionality” of the feature in a “live environment,”

Newer Stablecoins in the Race as Regulatory Clarity Appears Increasingly Likely
Stablecoin regulatory framework is gaining traction among Republicans in the House, particularly after Senate Democrats withdrew their support for the stablecoin framework.

As a result, what’s unfolding now is a race among financial institutions and other countries to enter the stablecoin sector.

However, USD1 is still in its testing phase and is not yet officially tradable, as previously mentioned by the Binance founder, Changpeng Zhao. Besides, the stablecoin has around 3.5 million tokens circulating across Ethereum and BNB Chain.

Already, a state-backed investment firm in Abu Dhabi has chosen USD1 as the official stablecoin to close a $2 billion investment into crypto exchange Binance.

TRON’s stablecoin supply reaches new all-time high but TRX price stalls below key resistance

TRON has reached a major milestone in the stablecoin market but TRX price seems to be struggling to gain momentum.

According to DeFiLlama data, as of May 7, there are $71.9 billion in stablecoins on the network, setting a new record for TRON’s trx-0.7%TRON stablecoin supply. This increase comes after Tether usdt0%Tether minted another $1 billion USDT on May 6, marking the sixth billion-dollar mint on TRON since April. 

TRON’s ecosystem as a whole is also thriving. The monthly decentralized exchange volume increased by 40% from $3.4 billion in March to $4.9 billion in April. TRON’s total value locked has slightly recovered, rising from about $4.4 billion in March to just over $5 billion now. The network has surpassed 302 million accounts and 10 billion transactions, processing up to $19 billion in daily USDT transfers.

On May 1, World Liberty Financial announced that TRON now offers its USD1 stablecoin, which is backed by U.S. Treasuries and cash equivalents. In addition to increasing institutional participation, this expands the list of stablecoins.

TRX’s price is still under pressure despite these solid fundamentals. TRX is currently trading around $0.243 and is having difficulty breaking above the $0.25 resistance level after falling 6.2% over the last day. Technical indicators show mixed signals.

The majority of moving averages and the moving average convergence divergence indicate bearish pressure, but momentum and Bull Bear Power indicate some buying strength. The relative strength index is at 49, indicating indecision.

TRX may move toward $0.235 or lower if it breaks below support at $0.240. On the upside, a clean break above $0.25 could could open the door to higher levels. Justin Sun, the founder of TRON, has stated that he believes TRX will hit a new all-time high in Q2, pointing to the market’s rising maturity and citing its growing correlation with Bitcoin (BTC).

#TRX/USDT❤️

check market now and decide after that

what the hell happened 🤯🤯🤯🤯
More then 5 billion market cap wiped out from $OM Mantra token.
All this in less then hour.