Fantom (FTM) And Shiba Inu (SHIB) Whales Lose Confidence and Start to Accumulate TMS Network (TMSN) Presale
Fantom (FTM) and Shiba Inu (SHIB) are two popular cryptocurrencies that have recently attracted much attention from investors and traders. Both coins have seen impressive gains in 2023, with Fantom (FTM) reaching an all-time high of $3.4 in January and Shiba Inu (SHIB) surging over 1000% since October. However, both coins have recently faced challenges and setbacks that have eroded their momentum and market share.
Major Fantom (FTM) and Shiba Inu (SHIB) investors are now flocking to TMS Network (TMSN) presale. As a low-cap gem with huge potential, TMS Network (TMSN) is the safest bet for these investors. TMS Network (TMSN) is a new DeFi star that aims to revolutionize trading.
Fantom (FTM) Faces a Major Blow in the Market
Fantom (FTM) suffered a significant blow when Andre Cronje, a prominent developer and advisor for Fantom (FTM) Foundation, announced his departure from the decentralized finance (DeFi) space. Cronje was behind several successful projects on Fantom (FTM)’s platform, such as Solidly, Keep3r, and Iron Bank.
His announcement triggered a sell-off of Fantom (FTM) and other tokens associated with his work, causing Fantom (FTM)’s total value locked (TVL) to drop from around $12 billion to $6.7 billion over the last few weeks. Fantom (FTM) also lost its spot as the most traded token among Ethereum whales to ENS Domain Name Service.
Shiba Inu (SHIB) Inu
Shiba Inu (SHIB) also faced some headwinds as it struggled to maintain its hype and popularity among crypto enthusiasts. Despite being one of the top holdings of Ethereum whales, Shiba Inu (SHIB) failed to deliver any significant innovation or utility that would differentiate it from other meme-inspired cryptocurrencies.
Shiba Inu (SHIB) also faced competition from other dog-themed coins, such as Dogecoin (DOGE), Floki Inu (FLOKI), and Kishu Inu (KISHU), which offered similar features or better marketing strategies. Shiba Inu (SHIB)’s price has declined steadily since its peak in October 2022.
Whales Find Refuge in the TMS Network (TMSN)
As a result of these factors, some investors and traders have lost confidence in Fantom (FTM) and Shiba Inu (SHIB) and started looking for alternative opportunities in the crypto market. One such opportunity is TMS Network (TMSN). It is a new project that aims to revolutionize trading.
TMS Network (TMSN) improves on the shortcomings of centralized exchanges by addresses the most pressing issues in these platforms, including, price uniformity, high trading fees, price manipulation, wash trading, transaction delays, insufficient trading experiences, and a lack of trading education in traders.
TMS Network (TMSN) is an Ethereum-based decentralized trading platform which enables users to trade all derivatives through cryptocurrency payments and without having to open a trading account. TMS Network (TMSN) allows users to trade a wide range of derivatives, including, stocks, CFDs, cryptocurrencies, and forex.
The TMS network (TMSN) non-custodial portfolio management allows traders to retain complete control over their funds at all times when trading. To trade using the TMS Network (TMSN), all the trader needs to do is connect their wallet and trade seamlessly across all major exchanges while withdrawing back to the wallet.
TMS Network (TMSN) utilizes blockchain technology and smart contracts to offer traders a secure, transparent, and efficient trading experience with increased liquidity. A large pool of assets allows traders access to wider markets, enabling quicker trades and better prices for increased profits.
TMS network (TMSN) native token is $TMSN. Holders of the $TMSN token have voting rights, which means they have a direct say in the platform’s day-to-day running. $TMSN token holders also become part of the TMS network’s infrastructure. As token holders, traders earn a commission from trading volumes generated by other traders on the TMS platform. The commission increases as network usage grows. This revenue-earning model incentivizes higher network usage amongst traders.
TMS Network (TMSN) is currently conducting its presale event where interested investors can buy TMS Network (TMSN) tokens at a discounted price before they are listed on exchanges. The presale will end on June 15, 2023, or when all tickets are sold out.
According to some sources, TMS Network (TMSN) has already attracted some big names in the crypto space who have invested large sums of money into its presale event. These include some former Fantom (FTM) and Shiba Inu (SHIB) whales who have decided to diversify their portfolios by adding TMS Network (TMSN) tokens. TMS Network (TMSN) is available to buy at $0.0413.
For more information on TMS Network (TMSN) please see the links below:
Presale: https://presale.tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for sponsored purposes only. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
Amid Ripple Vs SEC Lawsuit, XRP Whales Go on a Shopping Spree!
The cryptocurrency market has had a positive week, with notable increases made by Ripple (XRP), Ethereum (ETH), and Bitcoin (BTC). XRP has increased by over 8% in the past several hours, showing its continued tenacity. A four-month high was reached by the asset as speculations around the Ripple v. The SEC continued to make headlines.
When talking about Bitcoin’s phenomenal run, one cannot miss the advances made by fellow altcoins as they managed to recoup some losses in this glorious week. Santiment data showed that since March 7, major wallet holders of the XRP network who own between 100,000 and 1 billion XRP tokens have been steadily accumulating the coin.
The graphic below shows how three different groups of cryptocurrency investors grew their XRP holdings over the previous two weeks.
Technically, whale accumulation is considered a bullish indicator of an asset. Influencers and market observers have spoken out in favor of Ripple’s victory in the lawsuit, which reinforces the bullish thesis for the cryptocurrency.
XRP vs SEC
Ryan Selkis, CEO of Messari recently said, “I’ve been critical of Ripple in the past (various reasons), but more aligned with them than ever before. Ripple should win the overreaching XRP-SEC case, and the XRP Ledger should be afforded the opportunity to compete fairly on digital payments infra globally. Demand is there.”
James K. Filan tweeted that regarding extra authority which was derived from the Bittner and Voyager examples, the regulator has sent its answer to the Ripple defendants’ letters. In order to strengthen its case for its fair notice defense, Ripple submitted a Letter of Notice of Additional Authority on March 20.
According to the SEC’s response, “the letter set forth stray remarks, lines from Justice Gorsuch’s concurring opinion in the Bittner case and a bankruptcy plan confirmation order from the Voyager case.”
Bitcoin Price Prediction 2023, this is why whales are buying Polygon (MATIC) and RenQ Finance (RENQ) instead
Bitcoin, the world’s first and largest cryptocurrency, has been the subject of intense speculation and analysis since its inception in 2009. It has seen a meteoric rise in value, reaching an all-time high of nearly $69,000 in November 2021, but has since experienced a significant pullback.
As 2023 progresses, many investors are wondering whether Bitcoin will bounce back and continue its upward trend, or if other cryptocurrencies like Polygon (MATIC) and RenQ Finance (RENQ) are more promising investment opportunities.
Bitcoin Price Prediction 2023
Bitcoin’s fate in 2023 is still up in the air, but industry experts have predicted a significant price surge for the cryptocurrency. According to Coinpedia’s projections, Bitcoin is set to reach $43,959 by the end of 2023.
Other analysts have made similar predictions, with some even speculating that Bitcoin could reach a new all-time high of nearly $69,000.
Polygon (MATIC)
Polygon (MATIC), previously known as Matic Network, is a Layer 2 scaling solution for Ethereum that aims to make the Ethereum network faster and more affordable. It has seen significant growth in recent months, with its price increasing by over 300% since the beginning of the year. Whales are buying Polygon (MATIC) because of its low transaction fees and fast transaction times, which make it an attractive option for DeFi users.
In addition, Polygon (MATIC) has established partnerships with major DeFi protocols like Aave and Sushiswap, making it an essential part of the DeFi ecosystem. With these partnerships, Polygon (MATIC) is positioned to become a leading DeFi platform in the coming years.
RenQ Finance (RENQ)
RenQ Finance (RENQ) is another DeFi project that has been gaining attention from investors. It is a comprehensive DeFi ecosystem that includes a wallet, decentralized exchange, cross-chain swap, and aggregation protocol. RenQ Finance (RENQ) has passed the Certik audit test, which gives investors confidence in the platform’s security and reliability.
RenQ Finance (RENQ) has experienced significant growth since its launch, with its presale being oversubscribed in the first and second stages, and the third stage ongoing having raised over $3 million in a short time. The platform’s institutional-grade liquidity and comprehensive suite of DeFi tools make it an attractive option for developers, traders, and investors.
As the DeFi market continues to grow, RenQ Finance (RENQ) is positioned to be a leading player in the industry.
Whales are buying Polygon (MATIC) and RenQ Finance (RENQ) instead of Bitcoin
Despite the optimistic outlook for Bitcoin, some investors are turning to other cryptocurrencies like Polygon (MATIC) and RenQ Finance (RENQ).
One of the main reasons for this shift is the increasing popularity of decentralized finance (DeFi) projects, which are built on blockchain technology and offer a wide range of financial services without the need for intermediaries.
The impressive presale of RenQ Finance, which is currently in its third out of eight stages, has been attracting whales due to its passing of the robust Certik audit. Over 126 million RENQ tokens have been sold, raising over $3 million from investors. The success of the presale has led to a surge in investor interest and confidence in the RenQ Finance project.
In addition to RenQ Finance, blockchain protocol Polygon Labs has also seen an influx of investment from whales. The platform has formed a strategic partnership with the Web3 gaming developer platform, Immutable, in a move aimed at accelerating the development of Web3 gaming.
According to a recent press release, Immutable will leverage Polygon’s zero-knowledge technology to simplify the onboarding process for game studios and developers in Web3. The alliance aims to provide businesses with a solution that accelerates time-to-market while giving them access to one of the largest and most liquid ecosystems for end users.
Conclusion
While Bitcoin’s future remains uncertain, cryptocurrencies like Polygon (MATIC) and RenQ Finance (RENQ) are proving to be popular investment options. The increasing popularity of DeFi projects is driving growth in these cryptocurrencies, making them an attractive option for investors.
With their unique features and capabilities, Polygon (MATIC) and RenQ Finance (RENQ) are positioned to be major players in the cryptocurrency industry in the coming years.
Click Here to Buy RenQ Finance (RENQ) Tokens.
Visit the links below for more information about RenQ Finance (RENQ):
Website: https://renq.io
Whitepaper: https://renq.io/whitepaper.pdf
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for sponsored purposes only. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
24 Trillion Shiba Inu Moved: Whales Making Big Move?
Shiba Inu (SHIB), with its most recent developments, keeps garnering media attention. According to the latest development, more than 24 trillion SHIB coins were transferred from a cryptocurrency exchange
According to Whalealert, over the last 24 hours, various transactions have moved more than 24 trillion Shiba Inu coins worth $272 million, from the cryptocurrency exchange Crypto.com. Moving 4.1 trillion SHIB tokens worth $45 million to an unidentified wallet was the largest transaction recorded by the tracker. These transactions, however, had no impact whatsoever on the price of Shiba Inu.
Ethereum whales on a ‘buying spree’?
Ethereum Whales have accumulated more than $600 million worth of SHIB tokens and the top 5000 Ethereum (ETH) whales, according to WhaleStats, currently control more than $600 million in SHIB tokens. The most traded toke” and the largest token position by dollar value are both SHIB tokens. According to WhaleStats, the most widely held token is the Uniswap (UNI) token.
Prior to the release of Shibarium, the number of Ethereum addresses holding SHIB increased over 1.3 million, and users on Coinbase now retain SHIB on average for longer than 230 days before selling it or moving it to another address.
What is ‘Shiba wings’?
According to a recent post from Shib Army, “Shiba Wings, a new restaurant, has opened in Surfers Paradise, Australia. The restaurant is the first of its kind in Australia to accept cryptocurrency as a mode of payment, with a special focus on the Shiba Inu Coin. It was deemed “a great example of decentralization” by Shytoshi Kusama.
Shiba Inu’s price over the previous seven days ranged from a high of $0.00001177 to a low of $0.00001001. Shiba Inu’s price increased by 9% in one week despite falling roughly 18% in one month, according to CoinMarketCap.
XRP Price: Have the XRP Bulls and Whales Given Up Ahead of the Summary Judgment?
The price of Ripple (XRP) is falling as it is currently flashing bearish signals. While the price of Bitcoin has significantly increased over the past few days, the price of Ripple has been stagnant, with no direction, and is currently trading in a tight range.
This may possibly be related to Ripple CEO Brad Garlinghouse disclosing his company’s exposure to the now-defunct Silicon Valley Bank (SVB), which caused a little fall in the XRP token’s daily chart.
Apart from that, it was also reported that the BSC whales have temporarily stopped accumulating XRP. The top 100 BSC whales currently hold XRP tokens worth $26.87 million, according to the most recent data. Nonetheless, among the top 4000 largest BSC whales for the past 24 hours, XRP made the list of the top 10 cryptocurrencies bought.
Over the previous week, the XRP price has been trading in a narrow range and in the last seven days, its price has decreased by over 7%. The coin is now down more than 5% in the last 24 hours, trading at $0.36.
Ripple vs SEC
The summary ruling in the legal dispute between Ripple and the Securities Exchange Commission (SEC) is anticipated by the cryptocurrency world, and it is anticipated to be announced before the end of March. The XRP lawsuit’s Amicus Curiae noted that the decision would be delivered in a few weeks.
In the most recent development, US attorney Jeremy Hogan speculated in a tweet on March 9 that presiding judge Analisa Torres may already have decided whether XRP is a security.
District Court Judge Torres made a decision regarding the upcoming Expert Testimony in the most recent XRP lawsuit filings. According to the ruling, both parties’ requests to exclude testimony have been partially granted. This marks the exclusion of expert testimony that was biased against Ripple and XRP.
Whales Withdraw $4B Tether Amid Market Volatility: Crypto Crash Or Enticing Opportunity?
According to on-chain analytics provided by Lookonchain, a crypto whale made over $3.3 million over the weekend by purchasing USDC at its lowest point during the USDC de-pegging incident.
The whale then sold USDC after the stablecoin re-pegged, demonstrating the benefits of having a high-risk appetite.
Bitcoin Purchases Amidst Banking Crisis
Amidst the U.S. banking crisis, whales were also observed purchasing Bitcoin as a hedge against the declining bond and stock markets. Despite Bitcoin’s price rejecting $26.4k in the last 24 hours, the amount of BTC being transferred from exchanges has spiked.
Whales Withdraw Tether USDT at Unprecedented Rate
As Bitcoin prices remain uncertain, analysts at Santiment have observed crypto whales withdrawing Tether USDT at an unprecedented rate. Almost $4 billion in Tether USDT has been transferred out of exchanges in the past ten days, signaling a potential shift towards stablecoins.
Stablecoin Appetite on the Rise – Call for Worry?
As stablecoin purchases increase, a possible market crash may be on the horizon. While the USDC stablecoin reported exposure on SVB, Tether USDT reserves were unaffected, and the company printed $1 billion in the recent past, leading to a market cap of approximately $73.7 billion.
Crypto Market Crash: Altcoins Plunge as Crypto Whales Offload Holdings
The cryptocurrency market is known for its volatility, and the past few days have been no exception. Some altcoins have been experiencing a massive sell-off, and the reason behind it may be the whales offloading their holdings. Crypto whales are individuals or entities that hold a large amount of cryptocurrency, and their actions can have a significant impact on the market.
The Altcoins Dumped by the Whales
According to Ran Neuner, the host of the popular YouTube channel “Crypto Banter,” altcoins are currently being dumped by the whales, adding additional supply pressure to the market. He believes that this is the reason why certain altcoins have sold off more than others. Neuner pointed out that the worst-performing tokens right now belong to Voyager, a crypto brokerage firm that owes its creditors $500 million.
The graph indicating Voyager’s Ether balance shows a sharp decline in the last couple of days. They have been sending 7 to 8 figures of crypto to Winter Moon and Coinbase daily. Neuner shared a screenshot of Voyager’s main portfolio, which includes assets like Decentraland (MANA), Phantom (XRP), Apecoin (APE), and Uniswap (UNI).
Neuner stated that the sell-off is putting additional pressure on a lot of these other alts. He warned that it’s much worse for top-end tokens like Shiba Inu (SHIB) and Chainlink (LINK), which are where the majority of the sell volume is happening. However, it’s still putting pressure on many other altcoins.
The Voyager Sell-Off
Voyager has been aggressively selling off its crypto holdings to pay off its creditors. This has put a lot of pressure on the altcoin market, as these assets are getting hit a lot more than other alts. Neuner noted that Voyager-related altcoins are significantly dropping, including Ether, SHIB, and LINK.
The Impact on the Market
The impact of the sell-off is felt more by altcoins that do not have as much volume, do not have as many buyers, and are not as popular. Neuner stated that the sell pressure did not matter when there was enough demand in the market. But with sentiment being so low and buyers not wanting to buy as aggressively, Voyager still needs to sell its assets to pay off its creditors.
Neuner advised investors to be cautious, especially with top-end tokens like Shiba and Link. These tokens are getting hit the most, but other alts are also being affected. The Voyager sell-off is putting additional pressure on the already uncertain market. Investors need to be cautious and keep a close eye on the market to make informed decisions.
Crypto Market News: Buckle Up for More Volatility Ahead, Whales Activity on the Rise!
The crypto market awoke to a stream of high-impact news that resulted in a flash sell-off. Over 130k crypto traders have been liquidated, with total liquidations at approximately $393 during the early New York trading session. Among the top, highly impactful news in the past 24 hours include the Huobi token (HT) flash crash, Whitehouse intentions to introduce a 30 percent tax on crypto mining electricity, and the Silvergate Capital total liquidations.
Notably, Bitcoin price fell as much as 10 percent to trade below $20k during the early hours of Friday. The biggest fear among the cryptocurrency holders is that last year’s correction is continuing, which could push Bitcoin towards $11k. On the positive side, whales are preparing to rake in more assets in preparation for next year’s Bitcoin halving event that brings forth a fresh bull market.
On-Chain Crypto Market Analysis
According to a report by on-chain analytics firm Santiment, cryptocurrency exchanges led in altcoins transfers, with 58,885,143 Polygon MATIC worth $62.1 million transferred in a single transaction today. Worth noting, Circle’s USDC emerged as the most sold token, closely followed by Tether USDT and DAI.
Similarly, USDC and USDT topped the most purchased tokens, according to a study by whalestats. However, WBTC was the third most purchased crypto token, thus indicating the possibility of price manipulation on Bitcoin by centralized exchanges.
Interestingly, the most used smart contract in the past 24 hours included DAI, WBTC, USDC, USDT, and LDO, in that order. Notably, Shiba Inu ranked as the seventh most used smart contract, putting in mind the highly talked about Shibarium layer 2 scaling solution.
Meanwhile, the Artificial Intelligence (AI) and Zero-Knowledge (ZK) coins led in the most traded crypto ecosystems in the past 24 hours.
Big Crypto Moves: Whales Transfer $800M in BTC, ETH, XRP, and MATIC
Crypto whales have made multiple transactions in Bitcoin (BTC), Ethereum (ETH), XRP and Polygon (MATIC) worth over $800 million, according to Whale Alert. Blockchain-tracking platform Whale Alert reported that BTC investors transferred 25,820 BTC worth approximately $574 million in four transactions.
Meanwhile, in two ETH transactions, whales transferred 120,304 ETH worth over $188.5 million, with the source wallets either unknown or to Coinbase. Two XRP transactions saw the transfer of approximately $26.8 million worth of the digital asset, with the source wallet either Bitso crypto exchange or unknown.
And the destination wallet is either Bitstamp crypto exchange or unknown. The fourth digital asset, Polygon (MATIC), saw a transfer of a little over $11 million from an unknown wallet, with one transaction involving a transfer of $6.8 million to Coinbase, and the other involving a transfer of MATIC worth a little over $5 million to the institutional crypto trading platform FalconX from an unknown wallet.
Whale Watchers on Alert as Crypto Market Awaits Developments
Crypto market watchers are on alert as the movement of such large amounts of digital assets by whales often leads to market volatility. While the transfers themselves do not necessarily indicate anything about the current or future direction of the market, they are closely watched by traders and investors.
These latest moves by crypto whales come amid heightened uncertainty in the market, with recent events such as Silvergate Bank’s collapse causing a drop in trading volumes. Despite this, analysts suggest that the market is in a ‘calm before the storm’ phase and that anything can happen in the near future.
Crypto Whales Playing a Key Role in Market Movements
Crypto whales have become an increasingly important force in the crypto market, with their movements often having a significant impact on price movements. While the exact identities and motivations of these whales are not known, it is widely believed that they are institutional investors or high-net-worth individuals who can afford to make large trades that affect the market. As the market continues to mature, it is likely that the influence of crypto whales will only continue to grow.
Ethereum Whales Hype Up Shiba Inu with Shibarium Launch On Horizon
The long-awaited release of the Shibarium layer 2 scaling solution is the focus of the Shiba Inu (SHIB) ecosystem. The Shiba Inu community may count on more token burns now that the Shibarium L2 is operational. In expectation of greater returns, additional Ethereum-based whales have reportedly moved to the Shiba Inu ecosystem.
Despite the coin’s recent price decrease, data from WhaleStats reveals that SHIB, which has a market cap of $601.2 million, is the most common cryptocurrency held by the top 100 Ethereum whales, with a share of 12%. Given that most investors now possess more stablecoins, this amount only represents about 10% of the altcoins owned by ETH whales.
A few days ago, one of the biggest Ethereum (ETH) whales on the planet started buying Shiba Inus for hundreds of millions of dollars. A huge crypto whale just scooped up 118,058,494,947 SHIB worth $1.34 million, according to blockchain tracking firm Etherscan.
The investor now has a whopping 19,801,902,912,350 SHIB worth more than $225.34 million after this most recent transaction, accounting for close to 40% of the whale’s cryptocurrency holdings.
Shiba-Inu price
Shiba Inu has displayed a spectacular recovery from the beginning of January 2023 from the low of $0.00000777. The recovery wave was able to raise SHIB’s price above the 50-day EMA, which has generated a bullish feeling among investors.
Subsequently, after a brief period of consolidation, the SHIB price turns lower and keeps moving downwards. Because of this, the short-term outlook for SHIB has once again turned bearish. The first obstacle for bulls will be around $0.00001396, and the second will be at $0.00001525.At the time of writing, Shiba Inu is trading at $0.00001104 and is down by more than one percent in the last 24 hours.
Shiba Inu Whales Could Cause A Price Drop, Cardano With An Update On Hydra While The TMS Network Presale Completes Stage 1 Earlier Than Expected
Projects are consistently evolving, and whales can have a major role in the value of a specific coin or token. Each cryptocurrency and its utility carries a high responsibility regarding its overall appeal, value, and momentum.
The most notable projects that have sparked interest among investors include Shiba Inu (SHIB), Cardano (ADA), and TMS Network (TMSN), but not all of them have performed equally, and we will be exploring why this is the case.
Shiba Inu (SHIB)
The Shiba Inu (SHIB) ecosystem and cryptocurrency experienced $300 million in trading volume.
News surrounding the financial issues at Silvergate Bank spooked the market, and the SHIB cryptocurrency saw a massive whale sell-off.
With the launch of Shibarium, a Layer-2 network, hype surrounds the ecosystem. Despite those aspects, as of March 3, 2023, the SHIB cryptocurrency is trading at $0.00001134.
This level of volatility and liquidity can help SHIB rebound in the upcoming days, but nothing is certain.
This development decreased SHIB’s value by 13.67% in the last seven days or 5.46% in the last 24 hours. These aspects have made SHIB investors worried, as the cryptocurrency could also dip in the upcoming days instead of rebounding.
Cardano (ADA)
The development team behind the Cardano (ADA) blockchain has discovered a new way to enhance the overall Hydra scaling system and released the latest update surrounding it.
They recorded another milestone on the on-chain activity, where according to the data, 117 projects have been launched on top of Cardano (ADA). Aside from the live projects, 1,205 are currently getting built on the protocol.
Plutus Scripts recorded on Cardano (ADA) equalled 5,857, of which 762 were Plutus V2 scripts.
A major update surrounding the Hydra Protocol was shared, where they announced that they completed work on a different method of dealing with the contests throughout the contestation period.
Future development could spark a higher level of appeal and trust in the ecosystem from the perspective of the network. Hydra can potentially scale ADA to 1,000,000 transactions per second (TPS). ADA is trading at $0.3391 as of March 3, 2023.
TMS Network (TMSN)
TMS Network (TMSN) has also grabbed the attention of a lot of investors and traders, as it’s on a mission to completely revolutionize the way the trading industry operates by becoming a decentralized trading platform available to anyone from anywhere in the world. The platform enables access to the trading of stocks, FX, and CFDs with crypto directly.
By taking advantage of the opportunities behind the TMS Network (TMSN) platform, users can buy or trade any derivative, and all of it is available without the need to create an account. All users need to do is connect a crypto wallet and get access to all of the features alongside the TMSN token. For those new in the trading space, a Copy Trader feature is available, alongside access to MT4 and MT5.
Stage 2 of the presale has begun. The TMSN token is at the forefront of the project and can be purchased at just $0.029 initially. Those curious about engaging with the token and ecosystem need to do so quickly by following the links below, as analysts predict that it can spike to $2.20 by December of 2023. The TMSN token enables investors the unique opportunity to invest in a project that can assert itself as an industry leader.
Presale | Telegram | Discord | Twitter
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for sponsored purposes only. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
Ripple Unloads Billions of XRP, Whales Spot An Opportunity
Whale Alert has yet again alerted users to another routine withdrawal of XRP coins from one of its escrow addresses by the financial behemoth Ripple.
The San Francisco-based crypto giant Ripple Labs has started taking out one billion of these coins every month on the first. According to data from the XRParcade platform, Ripple has been engaging in this activity for 62 months.
Ripple released billions of the tokens as part of its latest escrow fund release. For the past 10 hours, the token’s EscrowBot has recorded four transactions, each carrying two 400,000,000 and two 100,000,000 XRP.
According to the data, Ripple has released 1 billion XRP tokens through various transactions, which are roughly worth $378 million. This indicates that there are currently close to 51 billion XRP coins on the market. 51% of the overall supply is made up of this.
Whale interest in Ripple’s native cryptocurrency has increased as the summary judgment in the XRP lawsuit draws closer. The top 100 whale wallets own over $26.8 million worth of XRP, according to data released by the BSC whales. 2.36% of their holdings are represented by this.
A whale transferred over 41 million XRP to the cryptocurrency market Bitstamp in order to sell its investment. The whale has transferred XRP tokens valued at $15.88 million so far to the cryptocurrency.
Awaiting summary judgment in the XRP lawsuit has caused the price of Ripple’s native cryptocurrency, XRP, to remain unchanged over the past few weeks.
IlThe US district court decision in favor of Ripple is anticipated to have a significant impact on the XRP price. The sixth-largest cryptocurrency, has seen a decent rise in price during the last day of about 1%.
Avalanche Benefitted From Its Partnership With Loco, Polygon Founder Says Its Rival Layer-1 Networks Will Fail, Whales Find TMS Network’s Presale Sells Stage 1 Rasing $500k
Projects like Avalanche (AVAX) and Polygon (MATIC) have suffered a downfall in value lately. On the other hand, the new crypto, TMS Network (TMSN), has become the favorite of experts and bulls.
This article will look into why TMS Network (TMSN) is a better investment option than others. TMS Network (TMSN) has already raised $2 million in a private seed sale, and its presale is getting more convincing, with stage 1 being sold out.
Avalanche (AVAX) Increases Its Presence In Asia
Avalanche (AVAX) has got a new partner in Loco, the Indian game streaming platform. Loco has announced joining the Avalanche (AVAX) Multiverse incentive program to enhance the experience for fans and users. Loco will build its web3 products via the custom Avalanche (AVAX) Subnet. This strategic partnership also indicates the growing footprint of Avalanche (AVAX) in Asia. Meanwhile, the growth run of Avalanche (AVAX) has hit roadblocks in the past few days. Although Avalanche (AVAX) was trading in the green zone in January, it suffered a downfall in February. The price of Avalanche (AVAX) has fallen by 7% in the last seven days. Currently, the trading price of Avalanche (AVAX) is $18.25.
Polygon (MATIC) Cuts 20% of Staff Amid Economic Woes
Polygon (MATIC) co-founder, Sandeep Nailwal, has made extreme claims about rival layer-1 networks. The Polygon (MATIC) head said that projects like Solana, Aptos, Avalanche, and Cardano would cease to exist in the coming times. The Polygon (MATIC) boss said that its rival projects had not registered considerable traction, and did not have their respective layer-2 solutions; hence, they can not compete with the likes of Ethereum. However, bearish market conditions have hurt Polygon (MATIC) too. The price of Polygon (MATIC) has declined by 19% in the last week. Besides, Polygon (MATIC) had to cut 20% of its workforce due to financial strains. Currently, Polygon (MATIC) is available to trade at $1.26.
TMS Network (TMSN) Is A Big Profit Gun
TMS Network (TMSN) is a social trading infrastructure. It has been built with the active participation of veteran traders and investors of derivatives and cryptos. TMS Network (TMSN) aims to disrupt traditional trading practices and has set up a protocol that allows people to trade in a range of digital assets without any friction.
TMS Network’s (TMSN) presale round is inching towards historical success. The presale price of TMSN tokens has already soared from $0.003 to $0.025, an increase of 500% in just a few days of its launch. TMSN holders will also benefit from the revenue-sharing model of the network. This revenue-sharing model will allow the platform to distribute its earnings from the transaction commission among all TMSN holders.
TMS Network (TMSN) allows the trading of many digital assets, including cryptos, CFDs, Forex, and stocks, to sustain enough liquidity on the platform. It enables traders to execute their trades instantly. TMS Network (TMSN) also authorizes instant deposits and withdrawals of digital assets with a single user interface.
TMS Network (TMSN) has been powered by blockchain technology and ensures secure and transparent trade activities. It has employed smart contracts on the network to oversee all trades. All transactions on TMS Network (TMSN) are automatically recorded on a decentralized public ledger. There are no intermediaries on the network.
So, people can make transactions on TMS Network (TMSN) at lower costs. Scalability is the most noteworthy feature of TMS Network (TMSN). The platform can easily handle a surge in the number of transactions while maintaining its swift speed. The network encourages all users to conduct their research through its educational resources, such as market analysis and trading signals.
Presale | Website | Telegram | Twitter
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for sponsored purposes only. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
XRP Price Analysis: Large XRP Transactions by Whales Spark Speculation of Possible Price Surge
The XRP market continues consolidating in a wedge formation with a horizontal base since hitting 2022’s rock bottom in June. With the bulls unable to convert the multi-week resistance trendline to a support level, a possible price correction is looming in the coming weeks.
Moreover, the SEC seems to be gaining ground over crypto regulations after charging Kraken with selling unregistered securities through its staking services. According to SEC Chair Gary Gensler, everything else apart from Bitcoin has the characteristics of securities and needs to be registered under financial security law.
“Everything other than bitcoin,” Gensler recently noted, “you can find a website, you can find a group of entrepreneurs, they might set up their legal entities in a tax haven offshore, they might have a foundation, they might lawyer it up to try to arbitrage and make it hard jurisdictionally or so forth.”
The XRP market has consolidated on a macro-timeline, and analysts forecast the breakout on either side will be enormous. Moreover, the Ripple vs SEC ruling is coming closer by the day.
XRP Whales Increases On-chain Activity
Despite the increased risks in holding XRP, on-chain data shows whales are busy transferring vast amounts of coins from one Wallet to another. According to on-chain data from whalestats, the top 100 Binance Chain whales are holding XRP coins in the second position. Notably, Binance is the largest cryptocurrency exchange by daily traded volume in the world, thus making their whales crucial in the market.
Additionally, whale_alert from Twitter identified three large XRP transactions worth over $90 million, all transferred to unknown wallets.
Meanwhile, XRP takes pride in over $19,838,588,344 in market capitalization and a 24-hour traded volume of about $934,383,146
Bitcoin Vs Ethereum : What Crypto Whales Are Stacking ?
The cryptocurrency market has been a hot topic recently, with investors trying to predict which digital asset will provide the best returns this year. As the market showcases a recovery, Bitcoin and Ethereum continue to compete for dominance. While altcoins may offer significant gains, Bitcoin and Ethereum remain the two biggest high-caps and are still the most popular investments in the crypto world.
Ethereum’s Deflationary Advantage
According to Altcoin Daily, Ethereum is currently in a unique position. The network activity is increasing, and the Ethereum supply pie is decreasing, making Ethereum a deflationary asset, which is a great advantage for investors.
Ethereum has been around for eight years, and during this time, we have seen many decentralized applications booming on top of Ethereum. These dApps, such as DeFi and NFTs, take supply off the market, making Ethereum an even more attractive investment.
Blockchain Gaming and NFTs
Blockchain gaming is becoming the next big thing in the crypto world, just like NFTs in 2021 and DeFi in 2020. In-game assets are becoming NFTs that users truly own, and the promise of turning in-game items into NFTs is becoming a reality. This development may be a significant factor in Ethereum’s future success, given that Vitalik Buterin was inspired to build Ethereum because of a game, World of Warcraft.
Bitcoin’s Timing Cycle
In contrast, Bitcoin’s timing cycle shows that it is entering a reaccumulation phase. The number of Bitcoin whales has dropped to its lowest level since 2019, while smaller investors have gradually increased over the past five years. Mega whales holding more than 10,000 Bitcoin are near all-time highs.
Ethereum vs. Bitcoin
While comparing Bitcoin and Ethereum precisely is difficult, Ethereum’s potential is becoming increasingly apparent. With NFTs, blockchain gaming, and the adoption of the recent upgrade, EIP 1559, the Ethereum network has become a deflationary asset since mid-January this year. The more adoption, interest, and trading volume the Ethereum network sees, the more scarce the asset can become.
Only time will tell which cryptocurrency will experience the most surge this year, but Altcoin Daily’s personal opinion is that Ethereum will have more significant returns than Bitcoin going forward for the next couple of cycles.
At the time of this writing, Bitcoin is worth $24,754, and Ethereum is worth $1,682.
Dogecoin (DOGE) Whales Flexes On-Chain Activity – Will the Price Spike?
The largest meme coin by daily traded volume and market capitalization, Dogecoin (DOGE), has enjoyed a bullish sentiment since tech billionaire Elon Musk purchased Twitter Inc for a whopping $44 billion. With a market capitalization of approximately $11,962,464,342 and a 24-hour traded volume of about $926,904,880, the Dogecoin ecosystem enjoys over 5,142,743 global holder base.
The second largest proof-of-work (PoW) secured digital asset has seen its social media involvement spike following the rise of meme coins’ global popularity. As of today, Dogecoin’s official Twitter account has amassed over 3.6 million followers since its inception in 2013.
Having registered over 1000 X in its lifetime, Dogecoin has attracted whale investors due to its deep liquidity and high volatility. Moreover, Ethereum miners have enjoyed some cushion from the Dogecoin network after the former migrated to proof-of-stake (PoS) through the Merge event.
Dogecoin Whale Appetite Spikes
The 2023 crypto relief rally has not significantly favored the Dogecoin price compared to other meme coins like Floki and Shiba Inu. Nonetheless, whales have been accumulating the meme lord irrespective of the bear market. Moreover, the next crypto bull market is expected to go parabolic in less than two years, according to most analysts.
According to analysis provided by on-chain analytic firm Santiment, Dogecoin’s whales have purchased over 1.06 billion DOGE worth approximately $94.34 million in the last 24 hours.
Additionally, Santiment noted that more whale accounts have been withdrawing Dogecoins from centralised exchanges to non-custodial wallets.
However, the Dogecoin price continues to consolidate sideways despite the increased on-chain whale activity.
Whales Show Interest Over AI Token Which They Accumulated Heavily Just Before Binance-Paxos Fiasco
The evolution of cryptos has been on edge in recent times as the industry has swelled with new inventions solving real-life use cases. After the traditional cryptos laid a strong foundation, the next-gen technologies like Decentralised Fianance (DeFi) and the Non-Fungible Tokens (NFTS) have embraced their own presence.
Presently, the space appears to have moved a step ahead with AI or Artificial Intelligence based tokens that have gained huge traction and acceptance.
AI tokens like SingularityNET (AGIX), Fetch.ai (FET), the Graph Token (GRT), etc, and many more have been on the rise. Moreover, the surging interest in the whales may be like the icing on the cake. As per the data, whales have been constantly accumulating FET tokens from November 10th to February 7th.
Further, these whales also extracted profits on Feb 09 & 10 and rebought the tokens on Feb 11 and currently hold 6.5 million FET.
The on-chain data providers also highlighted the other tokens being accumulated by whales like the Graph Token and Ocean Protocol. As per the platform, the whales have accumulated 11.3 million GRT and 2.3 million OCEAN. However, the whale addresses are yet to take full profits.
The AI tokens have gained huge attention with a 10x to 15x rally in the past 30 to 45 days. Therefore, despite the tokens being under a bearish trap at the moment, are believed to make a large comeback in the near future.
Crypto Whales Dump Nearly 100 XRP, What’s Next For XRP Price?
The global crypto market cap is barely maintaining its position above the $1 Trillion mark as the pioneering cryptocurrency, Bitcoin, tumbles down its major support level. While the overall crypto market faces the bear effect, the sixth largest cryptocurrency, XRP price is trying its best to hold on to its upper trend. Hence, even when most of the cryptocurrencies are facing major fall, XRP has barely lost 3%.
On the other hand, as per WhaleAlert in the past 24hrs, the Crypto whales have dumped more than 161 million tokens in multiple transactions. This 161 million accounts to nearly $62 million worth of tokens. Among these the whales have sold nearly 100 million XRP coins costing around $37 million in just 24 hrs. The data further claims that over 69 million XRP worth of $28 million were transferred to Bitstamp exchange, while 27 million XRP got sold on Bitso exchange.
Crypto Whales Dump XRP Tokens
Meanwhile, as per the reports in the last 24hrs XRP’s trading volume has recorded an increase of 45% which is now positioned at $1.41 billion. Additionally, the data also flashes a positive side of Crypto whales where the whales have added more than 65 million XRP tokens which is worth $15.3 million. Among these the largest one was accumulated through Bitso accounting to $15.3 million.
However, Ripple CEO Brad Garlinghouse believes Ripple and the overall crypto market has a brighter future ahead while he points towards major developments. Looking at the brighter side, we can still expect bulls to return soon.
Fetch.ai (FET) Price Massive Surge Attracts More Whales to the AI Crypto
Fetch.ai (FET), a blockchain AI crypto token based on Binance, has seen its value increase by 250% over the last thirty days. This increase is in accordance with the bubble that began in the cryptocurrency market the previous month, which has attracted whales to the cryptocurrency.
Whales Stacking Fetch.ai
At press time, FET is worth $0.56, having gone up by 31% in the past twenty-four hours and 107.5% in the past seven days. Currently, whales are in control, and they are buying and selling Fetch.ai (FET) like crazy, making it one of the most frequently traded smart contracts among the top 100 ETH whales.
One of the top five cryptocurrencies that big wallet holders are interested in buying and stockpiling for the long term is FET, according to data compiled by WhaleStats, a prominent whale activity tracker.
A large number of whales have been amassing over the last twenty-four hours, which sometimes precedes a price gain for the cryptocurrency due to a big event or the appearance of positive technical indicators.
The recent price increase in FET is not unexpected. This singular achievement has helped propel the present mood in the cryptocurrency market, and it compliments the fact that digital money is recognized to have significant volatility that is typically favorably biased.
The rising profile of Fetch.ai’s ecosystem is also a factor in the current bullish mood. The project recognizes the need to inform its user base about the protocol’s advantages; hence it has been allocating resources to that end. The protocol aims to increase familiarity with its technology and the goods it offers by hosting a series of Ask Me Anything (AMA) threads and Twitter Spaces chats with its key specialists.
Through the use of autonomous AI to carry out operations that make use of its global network of data, the platform aims to democratize access to AI technology by providing a permissionless network to which anyone may join and have access to protected datasets. So far, the protocol’s planned enhancements have allowed it to fulfill its promise. But will it continue to spike? Only time will tell.
Here Are the Top Reasons Why Whales Are Stacking XRP
The bitcoin market is showing signs of profitability in 2023. For the first time in the past year, the total value of the cryptocurrency market has surpassed $1 trillion. Many people are speculating about the potential implications of the outcome of the legal dispute between Ripple and the SEC for the future of XRP and the broader crypto industry.
The 24-hour trading volume for XRP is currently over $1 billion, which is still quite massive. It was significantly below $1 billion at the beginning of January, occasionally falling as low as $400 million.
According to the data, the price of XRP has increased by a staggering 21% over the past 30 days. The price of other significant cryptocurrencies like Cardano (ADA) and Polygon (MATIC) increased by 50% and 53%, respectively, within the same timeframe, thus the traders were unimpressed by this boom.
Ripple released its Q4 2022 XRP Markets Report this week. It showed that demand for its On-Demand Liquidity (ODL) offering is still strong as the company generated net XRP sales of $226.31 million in just that one quarter. Such developments are particularly outstanding considering that Ripple is still involved in a public legal battle with the SEC.
According to a recent tweet by WhaleStats, among the top 100 BSC whales, Ripple (XRP) is now one of the ten most traded cryptocurrencies. XRP has also made it onto the list of the top 10 tokens bought in the previous 24 hours by the biggest BSC whales. The top 100 BSC whales are currently holding XRP worth $29.23 million, or 2.53% of their entire holdings, according to data.
On the flip side…
XRP is the top loser among the top 10 cryptocurrencies based on its performance over the previous 90 days. The price of XRP fell sharply by 17% throughout the aforementioned time. On the other hand, over the last 90 days, the price of bitcoin has increased by almost 10%.
Are Shiba Inu Whales No Longer Interested in SHIB Tokens?
Since the beginning of the bull market in 2023, the price of Shiba Inu (SHIB), which is the world’s second-largest meme token, has been increasing along with the price of the rest of the cryptocurrency market. In the previous twenty-four hours, the token’s value has increased by 3.6%, while in the past seven days, it has decreased by 3.75%.
Why Whales are Not Interested in Shiba Inu?
For quite some time now, the whales have been showing a significant amount of interest in the meme token. One of the reasons why many retail investors are hesitant to get into the project is because of this. A sale of tokens by the “whales” would result in a precipitous decline in the price of the token.
On the other hand, the difficulty or unwillingness of whales to drive the token’s price any further may be connected to the need for a brief correction that would cool down SHIB and the market as a whole.
On the 26th of January, there was a significant reduction in the number of SHIB tokens that were burnt on the network. A dip of this magnitude might be seen as a signal of declining network activity, which is unfavorable to SHIB and should be avoided at all costs.
The burn rate, as well as the general activity of the Shiba Inu network, are thankfully seeing a recovery. The burn rate has now returned to the levels that we typically observe when the network is operating normally. SHIB failed to push through the protracted downward trend and made a U-turn at the three-month regression line.
If the current trend on the market continues, the meme token will revert to the downward movement dynamic, at which point it will give up all of the ground it has gained since the commencement of the market’s bull rally.
Crypto Whales Transfer 356 Million XRP Tokens, XRP Price Nears $0.40
While Ripple is looking forward to a win in its ongoing case against the US Securities and Exchange Commission (SEC), its native currency XRP is finding its recovery phase. The altcoin is just a few cents below hitting $0.40.
However, though XRP has experienced a remarkable performance, the currency’s massive spike depends on its win in the Ripple vs SEC case. Since June 14 the XRP price has been trading within its symmetrical triangle.
At the time of publication, XRP is selling at $0.39 with a surge of 1.72% in the last 24hrs.
Crypto Whale Transfers Huge XRP Tokens
Meanwhile, Crypto whales have been transferring millions of XRP tokens amidst the recovery phase. The WhaleAlert data claims that the Crypto whales have moved beyond 350 million XRP tokens in the last 24hrs. Among these, an unknown wallet has received 261 million XRP which is worth nearly $102.4 million and this happens to be done in one single transaction.
Furthermore, on the last day, the whales also bought 65.8 million XRP which amounts to nearly $26 million in multiple transactions. Among these accumulations, one single transaction has recorded a purchase of $13.6 million XRP. On the contrary, as per the reports, a few whale addresses have discarded around 62 million XRP from unknown wallets to different crypto exchanges.
On the other hand, another report has mentioned that XRP is now one of the highest-value token locks. This report comes from an escrow account which is a legal financial agreement where an asset or liability is held by a third party.
Shiba INU Coin News Today: SHIB Price Explodes After Being the Most Favoratie Token of Ethereum Whales
The crypto markets seem to have inculcated acute strength as the bears are not finding enough room to expand. After maintaining a narrow upswing since the beginning of 2023, the SHIB price exploded and has risen by more than 21% since the early trading hours. Apart from breaking the descending trend line that it maintained for nearly 5 months, SHIB has become the most preferred token among the top 100 Ethereum whales.
As per the data from the Whalestats, the Shiba INU coin has entered the list of top traded assets, top sold tokens and top purchased tokens. It is also featured in the top holdings of these whales. Other than Ethereum, the ETH whales hold nearly 505.52 billion SHIB worth more than $6 million.
SHIB Price Analysis
After receiving enough boost from the positive market sentiments and massive whale accumulation, SHIB price now appears to be poised to reach the next target above $0.000013. The price underwent a parabolic recovery to overcome the losses incurred after the collapse of the FTX exchange. However, a fresh bullish divergence is witnessed that may uplift the price towards the interim resistance.
The SHIB price broke out of the falling wedge during the previous trading day and surged magnificently to reach levels above $0.000012. However, the price is facing a minor rejection after testing the resistance at $0.00001299 and experiencing a pullback to reach $0.00001261 at the press time. However, the RSI is maintaining ascending trend while MACD just displayed a bullish cross-over within the positive ranges.
Therefore, after a brief consolidation, the Shiba INU may resume the upswing intending to close the weekly trade above $0.000015. Presently, SHIB’s price is trading around $0.00001262 with a jump of 20.63% in the past 24 hours with a market capitalization of $6.9 billion and a trading volume of $761.66 which witnessed a huge jump of 133.62%.
Bitcoin Whales Drive Altcoin Market FOMO, Santiment Warns Of Macroeconomic Risks
The crypto market has seen its highest gains in the past week since the start of the 2022 bear market, led by Bitcoin’s price reaching above $21,000.
However, on-chain analytics firm Santiment has observed that traders are behaving as if the market has reached its peak. Furthermore, Santiment has noted that Bitcoin’s profit transaction ratio is currently at its highest level since February 2021, suggesting that a potential reversal may lead to a general correction in the crypto market in the coming weeks.
It has been reported that the influx of Bitcoin whales – 416 more BTC addresses holding between 100 to 1,000 BTC in the past eight weeks alone – has given the altcoin market the confidence to experience FOMO.
Santiment also warns that the crypto market is not immune to the macroeconomic factors that affect global economies. Additionally, the future of crypto’s mainstream adoption is dependent on worldwide regulations. In its mid-month crypto report, Santiment highlighted the changes in social volume over the past thirty days.
According to the report, Ethereum recorded a spike of over 50%, while Bitcoin posted a decline of 4.92%. In the stablecoin market, Tether (USDT) and USDC posted a decline in the social volume of approximately 26% and 40% respectively.
The next move in the crypto market is practically impossible to guess but historical data suggests that the industry is in the early stages of multi-week consolidation. Notably, the total crypto market capitalization is about $1.03 trillion today with approximately $122 million liquidated in the past 24 hours.
Shiba Inu Becomes ETH Whales Top Holding, As Devs Get Ready to Launch Shibarium Beta
The developers of the meme currency Shiba Inu (SHIB) have published an update on their website to provide the community with information on the forthcoming beta release of Shibarium, which is a layer-2 network that will operate on top of the Ethereum mainnet.
While this was taking place, evidence showed that Ethereum (ETH) whales were purchasing an increasing amount of SHIB in preparation for the launch. According to the information provided by WhaleAlert, the top 100 ETH whales’ combined holdings of Shiba Inu Coin now total more USD than any other cryptocurrency. To reclaim the lead, SHIB used a flip of the Staked Ethereum token, abbreviated as stETH.
In addition, the price of SHIB has climbed by 5% in the last day, and it has increased by 21.5% in the last week, making it one of the cryptos in the top 20 cryptocurrencies to perform the best in the past week.
The developers of Shibarium emphasized that the Shibarium project is being built in order to give a platform that will enable the community to construct and expand the project and realize the founder’s goal.
The developers have said that the intention was not to enhance the price of the meme currency, despite the fact that some people feel that developing Shibarium is a means to do so.
The addition of a burning mechanism for SHIB, which is one of the most often requested improvements for the project, is one of the most important updates included in the latest announcement.
The developers state that every transaction that takes place on the network will necessarily involve some number of SHIB tokens being burned. Every time a transaction is carried out inside the network, this process will be activated.
Though they did not provide a release date, the developers assured us that we will be hearing from them very soon with the answers to all of our pressing queries about when the beta would be available, so let’s wait and see.
Whales Have a ‘Euphoric’ Moment as They Move $480 Million XRP
The price of Ripple (XRP), despite the rise in favorable sentiment surrounding it, has not significantly increased and has instead been stuck in a small range. However, as crypto titans transferred a staggering number of XRP tokens today, the XRP bulls look all charged up.
According to WhaleStats, the XRP token has overtaken the FWC token as the most traded token among the top 100 BSC whales. The XRP token is among the top 10 most frequently used smart contracts and among the top 100 BSC whales’ most frequently purchased tokens.
Additionally, according to WhaleAlert, during the current price increase, crypto whales shifted about 479 million XRP. In the last 24 hours, the XRP price has increased by more than four percent and is currently trading at $0.35.
Ripple moved 100,000,000 XRP evaluated at $34,004,188 USD and Binance moved 214,000,000 XRP worth $73,525,151 USD. The funds were transferred from the internal wallet of Ripple to another address that belonged to Ripple. Out of those 100 million coins, 33.5 million XRP was sent to another Ripple wallet.
A wallet that Whale Alert classified as “unknown” sent the remaining $480 million. But according to the information, the senders moved a portion of the 36,000,000, 30,000,000, and 40,000,000 XRP from Bittrex wallets to addresses connected to the Bitstamp exchange.
Bitso crypto unicorn exchange, the main ODL platform for Ripple, moved a total of 59,400,000 coins internally. The above-mentioned XRP transfers have a combined fiat value of $164.1 million.
Earlier on Sunday, Santiment reported that there was ‘euphoric crowd sentiment’ around XRP as markets moved in independent directions. Santiment wrote on Twitter,
“With #crypto market caps bouncing very much in independent directions, we’re seeing notably euphoric crowd sentiment on $XRP & $ETH. Traders are less interested in $BTC, $BNB, & $ADA. Historically, #bearish sentiment projects perform better on average.”
Shiba Inu (SHIB) Witnesses Increases Demand Among Crypto Whales
The second biggest meme token in the world, Shiba Inu (SHIB), had a strong start to 2023, with a consistent rising trend within the first few days of the year. However, the asset appears to be moving in the other way today, with a drop that has nearly erased the entirety of its gains acquired during its latest short-lived rally.
SHIB to Undergo Layer-2 Upgrade
Coming soon to the Shiba Inu ecosystem is the Shibarium project, a layer-2 blockchain. The layer-2 blockchain is a scaling mechanism designed to alleviate the slow transaction performance of Shiba Inu’s Ethereum-based host chain.
Recently, Shibarium has decided on Bone ShibaSwap (BONE) as its utility token for usage in payment of blockchain transaction fees and other purposes. Additionally, BONE enables users to vote on forthcoming project proposals.
The launch of the Shibarium project has not been officially announced, however it is anticipated that it will occur early this year. In December, the developer alias Shytoshi Kusama promised that Shibarium will be released shortly. Also, the anticipated inclusion of additional features, such as the burning of SHIB tokens, may boost the value of Shiba Inu.
Whales Accumulate Trillions of SHIB
On-chain data shows that “crypto whales” have been buying up Shiba Inu tokens by the billions. The number of Shiba Inus held by Ethereum’s “whales” has increased significantly. SHIB token is now the most traded token among the top 1000 whales, according to statistics compiled by Whalestats, a blockchain tracker and whale surveying tool.
These whales have been using Shiba Inu as their preferred smart contract, causing it to become the most used among this group. In addition, Whale Alert reported that a massive transfer of Shiba Inu tokens, over 3.37 trillion, took place from one unknown wallet to another. The sending wallet is now empty, while the receiving wallet holds the full amount of transferred tokens. At the time of this report, Shiba Inu was being traded at a value of $0.00000843.
Bottomline
Shiba Inu is a meme-based cryptocurrency, named after the popular Shiba Inu dog breed and featuring it as its mascot. It is also a deflationary coin, with a limited supply of approximately 1 quadrillion tokens.
As more tokens are bought and removed from circulation, the value of the remaining tokens is expected to increase. This scarcity can be appealing to investors seeking a potentially high return on their investment.
The coin’s strong presence on social media platforms, such as Twitter and Reddit, has helped to generate buzz and hype around it. It is impossible to predict the future of any cryptocurrency, but it is clear that SHIB has gained the attention of ETH whales and many other investors.
Whales Move Millions of Cryptos- Is Crypto Market In Danger?
The 2022 bear market does not appear to have waned as the sentiments do not appear to be in the favour of bulls. Despite a bullish start for the year 2023, the tokens are still expected to drop significantly to reach the lowest point that may mark the bottom of the current bear market. Until then, the markets are feared to intensify the euphoric sentiments where-in the FOMO (Fear of Missing out) could reach highs.
A popular analytical firm Santiment has signaled the possibility of a bearish trend referring to the intensifying euphoric & FOMO market sentiments.
As per the platform, the social mentions for the altcoins in terms of buy, buying bottom & bullish have intensified. Historically, these are the signs of the market advancing towards euphoric sentiments and FOMO is likely to haunt the investors. This may further lead to a dramatic pullback where-in the prices may meet their bottoms very soon!
This may be the reason the market participants, specifically the whales have been transferring millions of funds in form of cryptos. These whales have moved more than $670 million in Bitcoin, Ethereum, XRP, Polygon, and Curve, among which BTC alone accounts for $315 million.
The whale moved nearly 25,000 BTC in 2 separate transactions of 9,251 & 15,477 BTC from one unknown wallet to another. Further, nearly 32,236 ETH were relocated from an unknown wallet to Coinbase while XRP Polygon(MATIC) and Curve (CRV) also witnessed a transfer of 38.89 million XRP, 90.56 million MATIC, and 17 million CRV.
While these indicators do flash for a bearish reversal approaching very fast, many other signals do flash bullish signals in the longer time frame. As many analysts have predicted that the 2022 bear market could reach its end by the end of Q1 2023, Q2 may be consolidated while H2 2023 may witness a decent recovery phase.
Why Whales Acquired $5 Million in Lido Finance (LDO)?
When looking at its seven-day and fourteen-day chart, Lido Finance (LDO) has been seeing an astounding rise in recent price and trading activity despite the challenging market conditions.
At the time of this writing, one token is worth $1.38, representing an increase of 45.7% over the course of the previous week and of 47.9% over the course of the previous fourteen days, and an $83.6 million 24 trading volume.
Whales Pile Up On LDO
The most recent increase in price for Lido Finance on the market seems to have been followed by a significant increase in the amount of purchasing power coming from a variety of accounts on the network.
According to the data obtained from the blockchain that was made available by LookOnChain, investors were given about 5 million dollars’ worth of tokens. It is not quite obvious what motivated the most recent surge at this time.
The data further shows that out of the 3.5 million tokens that were distributed, approximately half a million were afterward sold on the market at an average price of $1.37 each.
Despite the fact that the amount is sufficient to put pressure on an asset that was already not the most profitable investment on the market, LDO was able to effectively navigate the surge in selling activity and maintain a stable price throughout the ordeal.
Investors who keep a close eye on the Ethereum staking market should pay attention to how the price of LDO Itself performs since it is a crucial indication. Lido Finance is regarded as a leading liquidity source for all Ethereum speculators and investors.
Interestingly, on January 1, the price of the underlying token for Lido suddenly began to go higher, demonstrating a strong price performance and jumping ahead of the market. Retail investors have paid more attention to the asset as a result of a significant jump in the amount of money that has been invested in it.
During these times of uncertainty, it is heartening to witness a coin see such growth. We can only hope that this is the beginning of greater things to come!
Is Ethereum in more Trouble? Whales Dumped 880,000 ETH Tokens This Month
For quite some time now, Ether, along with the rest of the cryptocurrency market, has been going through a difficult period. According to data obtained from Santiment, Ethereum whales have already sold 880,000 ETH tokens during the month of December 2022, making Ether’s current situation an even more worrying one.
Only 16.02% of the entire supply of Ethereum is said to be liquid across all centralized exchanges at the moment, according to Glassnode. When whales want to keep their assets for a significant amount of time, they will often transmit bitcoin from exchanges.
Keeping a substantial quantity of money on an exchange, which is the most sought-after target for thieves attempting to steal cryptocurrencies, exposes you to an increased chance of having your money stolen.
Ethereum: 2022 price performance
In 2022, Ethereum made significant progress toward its goal of developing a global computer and a decentralized financial system by checking off numerous items on its checklist.
One of the most notable developments was the completion of the significant transition to a new, more environmentally friendly technology for powering its network.
However, the year was also marked by challenges, including concerns about censorship and record-breaking attacks on Ethereum-related infrastructure. Both of these issues played a significant role in the narrative of the year.
While Ethereum’s core code itself has never been the target of an attack, most of the major DeFi thefts that occurred during the past year caused chaos for users of Ethereum’s DeFi ecosystem.
ETH Price Analysis
In terms of Ethereum’s price, the token is presently valued at $1,193, a considerable decrease from its all-time high of $4,800 reached in November 2021.
The bears are defending the $1,223 level with force, as the bulls have been unable to push Ethereum over the 20-day exponential moving average (EMA). This may have caused the bulls to give up and retreat.
At this point, the token may drop to $1,182. If this support breaks, it might fall to the next solid support level at $1,150. If the ETH price successfully recovers from there, it might indicate that the cryptocurrency will stabilize for a few days in the $1,150 to $1,352 range.
Alternatively, a bearish pattern will emerge and push the toke further down below $1,000.