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Lending Protocols See $5B Surge In Active Loans, Led By Aave

Lending protocols have experienced a significant boost in active loans, adding approximately $5 billion year to date. Aave, the leading lending protocol by total value locked (TVL), accounts for $4.5 billion of this increase. Unlike the previous all-time high in 2021, new entrants Spark and Morpho have now secured positions in the top three, with $1.7 billion and $1.1 billion in active loans, respectively. Aave remains the dominant player, commanding a 62% market share with $7.9 billion in active loans. https://twitter.com/tokenterminal/status/1808228481551000012?t=VIC19NRSgRP7Qx4hapY-Ew&s=19 Last week, the value of borrowed WETH on Aave, with a health factor between 1 and 1.025, surged to $1.2 billion. This spike followed Aave's introduction of Leverage Restaking Tokens (LRTs) for 14x leverage strategies. However, such high leverage can lead to increased risks of liquidation if loans are not carefully managed. https://twitter.com/intotheblock/status/1808054336737456537?t=mLU1fmPazDg_aXO1kkZfzA&s=19 Over the weekend, the total value […]

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Artificial Superintelligence Alliance (ASI) Begins Historic Token Merger

In a significant event for the cryptocurrency world, the Artificial Superintelligence Alliance (ASI) has initiated a rare and groundbreaking merger involving three prominent tokens. SingularityNET’s $AGIX and Ocean Protocol’s $OCEAN have joined forces with Fetch.ai’s $FET, marking the beginning of a new era of collaboration and strength in the decentralized finance space. https://twitter.com/NotASTOfficial/status/1808151483558367391?t=yb10wz6I5i_k3wHLPqNQ8w&s=19 This merger unfolds in phases, with the initial step focusing on integrating $AGIX and $OCEAN into the Fetch.ai ecosystem. As part of this process, several exchanges delisted $AGIX and $OCEAN to support the consolidation, although some platforms, like Coinbase, opted for a manual migration approach to ensure seamless transitions for users with self-custodial wallets. Whale Converts $AGIX and $OCEAN Tokens Into $FET According to blockchain data, a notable investor migrated 8 million $AGIX and 4.8 million $OCEAN tokens, totaling $7.5 million, into 5.6 million $FET tokens, which […]

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$BAKED Token Launch On DegenFund Sparks Insider Activity and Massive Profits For Sniper

The $BAKED token was recently launched on DegenFund, with the developer wallet spending 11.82 $SOL to acquire 300.72 million $BAKED during the minting process. Additionally, 206.9 million $BAKED was added to liquidity. Within a second, 492.37 million $BAKED was snapped up by 19 wallets. Interestingly, the team and insiders hold a substantial portion of the token supply, controlling 763.8 million $BAKED, or 76.38% of the total supply. It has been observed that three of the 19 wallets were created simultaneously with the developer wallet and were funded by Bitget, suggesting these wallets likely belong to the developers. https://twitter.com/lookonchain/status/1807660668000276719?t=1H__XAcSLPbLDILmgbqZlQ&s=19 Whales Spends 82 SOL To Buy Up To 78% Of $BAKED Token Supply  Furthermore, 15 of the 19 wallets withdrew $SOL from Bitget three days prior, indicating they are also likely controlled by insiders. These developer and insider wallets collectively spent 82.74 […]

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Layer 2 Solutions Propel Mass Adoption With Significant Growth

Layer 2 solutions continue to experience robust growth, playing a crucial role in driving mass adoption. On-chain metrics reveal increasing user traction, underscoring the potential of L2 networks. The number of transactions on leading Layer 2 networks—Arbitrum, Base, and Optimism—has quadrupled this year. This growth saw a significant boost in Q2, following the implementation of EIP-4844 in March, which slashed transaction fees by over 90%. https://twitter.com/intotheblock/status/1807066747385598052?t=hKY-GO53NqYnlVyeM8kiew&s=19 Base Has Now Surpassed Arbitrum, Its Long-time Leader A recent report highlights that BASE has officially become the most used Ethereum L2, surpassing the long-time leader, Arbitrum. The Coinbase Chain has emerged as the top Ethereum Layer 2 network, reflecting a shift in user preference and network efficiency. Current transaction data provides a clear picture of this trend: - Base: 3.5 million daily transactions, marking a 60% increase in the last 30 days. - […]

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Smart Money Accumulates $wQUIL, Ranks Among Top Holdings Alongside $MAGA and $MKR

Smart Money has been actively accumulating $wQUIL over the past 24 hours, propelling it to the top three on the accumulation chart, just behind $MAGA and $MKR. Significant purchases by Smart Dex Traders and Smart Money highlight this trend. Eight hours ago, wallet 0x64ba, with a win rate of 47.06%, bought 392.89K $wQUIL, valued at approximately $83,509, at an average price of $0.2145. Nine hours ago, wallet 0xcd74, which has a win rate of 27.27%, acquired 274.75K $wQUIL for about $56,321 at an average price of $0.2059. Ten hours ago, wallet 0x3ba2, boasting a win rate of 43.21%, purchased 213.56K $wQUIL for roughly $40,610 at an average price of $0.1894. https://twitter.com/iCryptoAI/status/1806587253482991637?t=BeTfa1FtTr1IWNy5mHz8kA&s=19 Notable $wQUIL Transaction To Monitor  Particularly notable is the activity of an insider wallet, 0xcd5b3, which swapped $452K worth of $APU for 2.5 million $wQUIL, approximately valued at $460K, […]

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TRON: Leading The Charge In Global Payments And Stablecoin Market

The TRON network has established itself as a premier global payment and stablecoin platform, securing the second position in both total value locked (TVL) and on-chain stablecoin market cap. A significant driver of this success is TRC20-USDT, which is facilitating large-scale blockchain adoption and integration across various industries. https://twitter.com/trondao/status/1806186078568944073?t=50-p7LRxeirUPyp_QE_ZsQ&s=19 The rapid development of the TRON ecosystem highlights its commitment to decentralizing the web. This progress is evident in the recent burning of 11,892,418 TRX on June 26th, underscoring TRON's dedication to deflation and value growth. The burn resulted in a net negative production ratio of -6,825,203 TRX, reflecting a strategic move to increase the token's scarcity and potential value. https://twitter.com/TronixTrx/status/1806117075703980526?t=pKLpRzi_Ydjn5cBIIN2Vcg&s=19 TRON Active Addresses Hits  Daily Average Of 2.5 Million Since the beginning of the year, the number of active addresses on the TRON network has seen a steady rise, now […]

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Rug-Pull On $DOREA Token Devastates Solana Investors

In a shocking turn of events, the $DOREA token on Solana has been identified as the latest victim of a rug-pull, leaving investors reeling. Just seven hours ago, the wallet 3TQYN, presumably belonging to a developer, purchased 2.5 million $DOREA for $41,000. Four hours later, this wallet began offloading all its tokens, raking in $1.4 million and causing the $DOREA price to plummet from $2.1 to a mere $0.01. https://twitter.com/OnchainDataNerd/status/1805884142619644103?t=-iRemvOTvLqDuS-pQ_EMfA&s=19 The fallout from this rug-pull has been catastrophic for new investors. In just half an hour, a wallet described as Wealth Evaporation lost $756,000 after buying $DOREA at its peak. This individual, identified as the owner of the BrFjj...pgjCc wallet, spent 5710 $SOL (approximately $747,000) to acquire 350,000 $DOREA at $1.936 per token. Tragically, within five minutes, $DOREA's value crashed nearly 99%, forcing the investor to sell all their holdings […]

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Mog Coin $MOG Surges 41.6%, Nears All-Time High Amid Insider Activity

Mog Coin ($MOG) has emerged as a standout in the memecoin market, surging 41.6% in the past 24 hours to reach a current price of $0.00001421. This impressive performance highlights $MOG's growing prominence, particularly in relation to other memecoins like Solana's Popcat. Recent activity by an insider, identified as wallet 0x4682, provides further insights into the dynamics behind $MOG's rise. Between August and October 2023, this wallet acquired 5.7 trillion $MOG for $220,184 at an average price of $0.0000009568. Over the past week, the wallet sold a portion—654.14 billion $MOG—realizing a profit of $1.05 million, a 723% return. Currently, wallet 0x4682 holds a substantial 11.12 trillion $MOG, valued at approximately $15.60 million. This significant holding and recent partial liquidation suggest that the insider expects further price increases for $MOG. https://twitter.com/iCryptoAI/status/1805425138009358830?t=leYeCNF3VJq1uRV5XkKyYQ&s=19 $MOG Approaches Its New All Time High The market speculation […]

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$GRT Demonstrates Strength Despite Large Deposits And Market Decline

In the past 24 hours, notable activity involving $GRT (The Graph) tokens has been observed. Thirteen hours ago, a wallet identified as 0xB94 deposited 8.11 million $GRT (approximately $1.7 million) to Kraken. This followed another significant deposit 22 hours ago, where a wallet identified as 0x285 transferred 8.1 million $GRT (about $1.74 million) to Kraken. Both wallets are linked to "Notilus," an early investor in $GRT. https://twitter.com/OnchainDataNerd/status/1805143337214910749?t=M3eMeDr_MzaMz2B3wVgFqQ&s=19 $GRT Price Action To Monitor Following Recent Happenings  These large deposits resulted in $GRT's price falling below the crucial $0.20 support mark. Despite this dip, $GRT has demonstrated remarkable resilience. The token recently broke out, confirming primary support around the $0.20 level. This breakout indicates potential bullish momentum, especially if Bitcoin (BTC) continues its upward trend. $GRT's ability to maintain stability and recover swiftly is a testament to its strength in the market. […]

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Avalanche Faces Decline Amid Large AVAX Sales And Market Concerns

Avalanche's market performance has been on a downward trend over the past 24 hours, raising concerns as the price nears a critical support level of $23. Recent findings by blockchain investigator ZachXBT, reported by Wu Blockchain, shed light on the possible reasons behind this sharp decline. According to the report, $54 million worth of AVAX was sold today. The AVAX in question, located at address 0x32...4f30, originated from the transfer of X-avax1qsnptt6yxnwmh8up7xn5u3sajz37lmyv8u3dmu on the Avalanche-X chain. @VeriDelisi has speculated that this address is linked to a Turkish exchange, potentially indicating significant sell-offs from this source. https://twitter.com/WuBlockchain/status/1804499362611163646?t=f1gy71ibrqtS93EE9zRRRw&s=19 ZachXBT has been monitoring an address suspected to be involved in the large-scale movement of 1.96 million AVAX, equivalent to $54.2 million. This entity has been transferring AVAX to platforms like Coinbase and THORChain. Following these AVAX deposits, the same entity reportedly withdrew over […]

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