Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»BLOCKCHAIN NEWS»ConstitutionDAO rose 120% on the back of concerted whale activity.
BLOCKCHAIN NEWS

ConstitutionDAO rose 120% on the back of concerted whale activity.

By Crypto FlexsJanuary 4, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
ConstitutionDAO rose 120% on the back of concerted whale activity.
Share
Facebook Twitter LinkedIn Pinterest Email

ConstitutionDAO (PEOPLE) recorded its first impressive rise since February 2022. However, data also suggests that whales may have manipulated the assets.

PEOPLE is up 120% in the last 24 hours and is currently trading at $0.029. Meanwhile, the asset’s market capitalization has surged to $146 million, making it the 295th largest digital currency, and there is speculation that whale activity could be behind its recent moves.

PEOPLE price, exchange inflows, exchange outflows, whale activity and RSI – January 4 | Source: Santiment

According to the data, ConstitutionDAO’s daily trading volume recorded a remarkable 13,750% increase, reaching $1.35 billion.

According to data provided by Santiment, the amount of PEOPLE tokens flowing into exchanges increased from approximately $300,000 to approximately $184 million. The amount of tokens flowing out of the exchange also recorded a huge rally, increasing from $4.6 million to $203 million in just 24 hours.

This shows a net outflow of approximately $19 million worth of ConstitutionDAO coins from exchanges to self-managed wallets.

Meanwhile, according to Santiment data, whales completed 34 transactions consisting of at least $100,000 worth of PEOPLE tokens, the first in over a year. When there is a sudden surge in whale activity in an asset, high volatility is usually expected.

In particular, five whales holding between 100 and 1 billion PEOPLE coins currently control more than 50% of ConstitutionDAO’s total supply, according to Santiment. According to the data provider, there are also 20 whales holding between 10 and 100 million coins.

Following recent movements, ConstitutionDAO’s Relative Strength Index (RSI) rose from 55 to 81 in the last 24 hours. This means assets can overheat and there is potential whale manipulation.

For the PEOPLE token to remain bullish, RSI needs to cool down and fall below 60.

The Decentralized Autonomous Organization (DAO) was developed in November 2021 and has raised over $42 million to purchase an original physical copy of the United States Constitution.

Follow us on Google News

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

British trail EU, US encryption regulation, think tank warning

June 22, 2025

ZKJ Crypto Price Pumps 20%: Dead Cat Bounces?

June 17, 2025
Add A Comment

Comments are closed.

Recent Posts

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 2025

GBM Launches Auction Festival With The Sandbox, Aavegotchi, Unstoppable Domains, And More

June 26, 2025

French “Spiderman” Scales Skyscraper To Launch World’s First Action Token

June 26, 2025

Deribit And SignalPlus Launch “The Summer Chase” Trading Competition 2025 Featuring A $300,000+ USDC Prize Pool

June 26, 2025

Why I am still optimistic despite noise

June 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025
Most Popular

Bitcoin Price Prediction: BTC Soars 23% in One Month, But Analysts Say This Bitcoin Cloud Mining Token Could Multiply by 10

February 26, 2024

Paydify begins to allow businesses around the world to accept encryption.

April 22, 2025

Analyst Predicts Parabolic Rally After Ethereum Fix, Updates Solana and FLOKI Outlook

July 9, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.