Long-time holders of Shiba Inu (SHIB) are seeing big profits after suddenly selling their memecoins, according to on-chain data. Blockchain tracking firm Lookonchain revealed that one patient “super diamond” trader sold more than 48 billion SHIB at a 419x profit after holding the digital asset for more than three years. The investor first purchased the Dogecoin (DOGE) competitor in February 2021 with $2,625 worth of Ethereum and sold his holdings this week for $1.1 million in ETH, resulting in a profit of over $1.09 million. SHIB is trading at $0.00002569 at the time of writing and is up almost 1%…
Author: Crypto Flexs
Read More
XRP price is falling below the $0.5350 support area. It is currently testing the key support at $0.5220 and the risk of further downside remains. XRP is struggling to gain bullish momentum above the $0.5350 resistance zone. The price is currently trading below $0.530 and the 100-hour simple moving average. On the hourly chart of the XRP/USD pair, there is a bearish trendline connecting with resistance near $0.5265 (data source from Kraken). Unless the bears push the price below $0.5220, the pair could start a new rally. Support for XRP price return In the last two sessions, the price of…
join us telegram A channel to stay up to date on breaking news coverage The announcement of the approval of the Ether ETF brought excitement to the cryptocurrency market. This accumulation is same corner Demand for meme-based coins is growing. Investors expect Ethereum-based meme coins to rise significantly. In line with this positive outlook, the overall market capitalization of the market has surpassed $60 billion. Trading volume paints an even more impressive picture, with meme coin trading activity exceeding $9.4 billion in the last 24 hours alone. This showed a 40% increase in trading volume compared to the previous day.…
A former teenage business prodigy from India has been named as the man behind a recent series of celebrity meme coin launches — with both Caitlyn Jenner and rapper Rich the Kid alleging they have been “scammed” by the man, Sahil Arora.More recently, Iggy Azalea’s X account appeared to distance the Australian artist from a project bearing her name that was being promoted by Arora as a presale. The token presale raised more than $300,000, while the JENNER token reached more than a $40 million market capitalization amid social media interest in claims and counter-claims of deep fakes and double-dealing.…
May 28 Bitfinex Lists VELAR, Velar’s Native Token Posted at: 07:56h From media materials Maria Lobusova Road Town, British Virgin Islands – May 28, 2024 – Bitfinex (https://www.bitfinex.com/), a leading digital asset trading platform, today announced that it will list VELAR, the native token of Velar, a multi-functional DeFi liquidity protocol with Bitcoin Finality. Velar is a DeFi liquidity protocol that leverages the robustness of Bitcoin through a layer 2 agnostic approach. It runs on the Stacks blockchain and uses the Clarity smart contract language. Velar allows users to launch and trade tokens on the Bitcoin blockchain and earn rewards…
Spot Bitcoin ETF issuers have purchased nearly 5% of the total supply of BTC. ETFSwap expects $100 million in inflows during the pre-sale period. With incredible advancements in the cryptocurrency industry, the Spot Bitcoin ETF issuer currently holds approximately 5% of the total supply of Bitcoin (BTC). This significant accumulation has led to significant inflows into the ongoing pre-sale of the prominent cryptocurrency ETF trading platform. ETF Swap (ETFS)It is expected to receive an inflow of $100 million. ETFSwap (ETFS) presales are flowing into SkyRocket as spot Bitcoin ETF hype grows. The ETFSwap (ETFS) presale has seen a notable increase…
Ethereum community friends, The Devcon Supporter Program, exploring new ways to fund Ethereum-related public goods and impactful projects, returns for Devcon 7 in SEA. Originally launched at Devcon VI in Bogota as an alternative to traditional event sponsorships, we are excited to share the latest updates on our Supporter Program ahead of its journey to Southeast Asia! Contribute to our impact by participating as a supporter Through the Devcon Supporter Program, teams will have the opportunity to contribute to Ethereum-related public goods that grow the Ethereum ecosystem and receive Devcon SEA tickets as a thank you for the technical support…
Fortunafi, a real-world asset (RWA) tokenization platform, announced that it has raised $9.51 million in strategic and seed funding rounds and also unveiled a new stablecoin protocol called Reservoir.Investors in this funding round included Shima Capital, Manifold, Jordan Fish (aka Cobie), Ari Litan of LayerZero Labs, Austin Green of Llama, Evanss6 and Scott Lewis, and Fortunafi.The latest strategic funding round worth $3.16 million closed last December and the seed round worth $6.35 million closed in October 2021. Both rounds were officially announced today, Fortunafi founder and CEO Nick Garcia told The Block.Both rounds consisted of shares with token warrants, and…
ETH whale activity has increased over the past few months. Daily whale trading volume has increased since the SEC approved the ETH spot ETF. Ethereum (ETH) has witnessed a surge in whale activity over the past few months, Santiment points out in a newly released report. According to the on-chain data provider, the recent increase in whale activity was triggered by rumors and the U.S. Securities and Exchange Commission’s approval of a spot Ethereum exchange-traded fund (ETF). On May 23, regulators Approved Form 19b-4 for ETF applications filed by BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy, and Franklin Templeton.…
The cryptocurrency market is buzzing with excitement as new developments and predictions unfold. Shiba Inu (SHIB), known for its vibrant community and meme-inspired origins, is set to double its profits based on recent price predictions. at the same time, Option 2 Trade (O2T) It made headlines with its immediate rebound following its listing on the Centralized Exchange (CEX). In this article, we take a look at the latest price prediction for Shiba Inu (SHIB), the impressive performance of Option2Trade (O2T), and what these developments mean for investors. Shiba Inu (SHIB) expected to double profits Shiba Inu (SHIB) Its rapid growth…