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Will Izuchukwu

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PORTAL Token Prepares For Listing Amid Market Volatility

Today marks a significant milestone for the PORTAL token, introduced by Binance as part of its 47th Launchpool event on February 22. The project has announced the distribution of tokens to various cryptocurrency exchanges, signaling the readiness for the upcoming token listing process. PORTAL, the pioneering platform poised to transform Web3 gaming, has garnered attention for its innovative approach to decentralized gaming experiences. Bitget, a leading cryptocurrency exchange and Web3 platform, has confirmed its listing of PORTAL in its Innovation and GameFi Zone, further amplifying anticipation for its market debut. As PORTAL prepares to debut on one of the most prominent cryptocurrency platforms, both enthusiasts and investors alike are closely monitoring its trajectory in the market. The listing is expected to provide a significant boost to the visibility and accessibility of the PORTAL token, potentially shaping the future of decentralized […]

Will Izuchukwu February 29, 2024

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Bitcoin And Ethereum Surge As Trading Volume Peaks

Today, Bitcoin (BTC) rallied by 4.57%, breaking the $59,000 mark, while Ethereum (ETH) also saw a 2.7% increase, reaching beyond $3,300. Coinglass reported that within the last 24 hours, a total of $233 million was liquidated, with $131 million attributed to short orders, resulting in the liquidation of 79,700 individuals. https://twitter.com/WuBlockchain/status/1762764443983962301?t=e-Ti9zMrs1KenrZYkpyU7w&s=19 ETF analyst Eric Balchunas of Bloomberg highlighted that on February 27, the daily trading volume of nine new spot Bitcoin ETFs, excluding GBTC, exceeded $2 billion for the second consecutive day. BlackRock IBIT's trading volume reached a record-breaking $1.3 billion, with over 100,000 unique transactions totaling $1.357 billion. https://twitter.com/EricBalchunas/status/1762589798827458693?t=204Q2lsmMGreaPBTDSEW3A&s=19 SoSoValue data revealed that on the same day, net inflows for Bitcoin spot ETFs hit $576 million. Notably, Grayscale ETF GBTC experienced a $125 million net outflow, while BlackRock's ETF IBIT recorded the highest net inflow of approximately $520 million, […]

Will Izuchukwu February 28, 2024

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Gala Games Launches GalaSwap DEX On GalaChain

Gala Games, the blockchain-based gaming and entertainment company, unveiled GalaSwap, its latest decentralized exchange (DEX) built on GalaChain, marking a significant milestone for the Gala ecosystem. GalaSwap operates as a decentralized exchange within the Gala ecosystem, enabling the seamless trading of tokens based on Ethereum. Currently, the exchange hosts seven tokens, including $GALA, $MTRM, $SILK, $USDT, $GWETH, and others, fostering liquidity and accessibility within the Gala network. https://twitter.com/GoGalaGames/status/1762529507649429552?t=owtgww6-mxY-z2wFv6_goA&s=19 The introduction of GalaSwap signifies a pivotal moment for GalaChain, as the decentralized exchange aims to incentivize adoption through referral bonuses and token rewards. With every transaction executed on GalaSwap, users have the opportunity to earn GalaSwap tokens, enhancing engagement and participation on the platform. Furthermore, GalaSwap's referral program offers users additional avenues for earning rewards, augmenting the platform's appeal and user base. GALA Price Action Following The News Announcement The announcement […]

Will Izuchukwu February 27, 2024

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MAGA ($TRUMP) Cryptocurrency Hits All-Time High Amidst Surge In Value

In recent developments within the cryptocurrency market, MAGA ($TRUMP), a token associated with former US President Donald Trump, has skyrocketed to an all-time high of $5.242. The surge reflects a remarkable 42% increase in value over the past week, marking significant growth for the digital asset. The abbreviation MAGA symbolizes "Make America Great Again," a well-known political slogan synonymous with Donald Trump's presidency. The surge in $TRUMP's value is noteworthy, with a staggering 238% surge observed in the past 30 days and an astounding 1200% surge over the past three months. https://twitter.com/ai_9684xtpa/status/1761763137987211334?t=QW5CfIznCGoEsDc_U3oinQ&s=19 On-chain reports suggest that whales, prominent investors holding significant quantities of the cryptocurrency, are capitalizing on the substantial profits generated amidst the recent price surge. Notably, one such investor, identified as 0x63a...F33B2, emerged as a dedicated supporter of Trump. An Individual Profit, $TRUMP’s Value Coincides With Donald Trump’s […]

Will Izuchukwu February 26, 2024

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DeFi Tokens Surge Following Uniswap Fee Proposal

Over the weekend, the cryptocurrency market witnessed significant gains in prices across DeFi-focused tokens like Uniswap (UNI), Curve DAO Token (CRV), and Aave (AAVE). This surge in value came in response to a notable fee structure proposal announced by the Uniswap Foundation, sparking excitement among investors and traders. In a noteworthy on-chain transaction that captured the attention of the cryptocurrency community, Michael Egorov, the founder of Curve Finance, associated address refueled 1 million CRV tokens to Binance, amounting to $630,000. https://twitter.com/ai_9684xtpa/status/1761393138374246828?t=lBvHfXRJ9k6947ixq9HZVA&s=19 This address initially received 15 million CRV tokens transferred by Michael Egorov on December 21, 2023, valued at $0.58 per token. Over the subsequent two months, a total of 11 million tokens were deposited to Binance, representing a combined value of $6.51 million. CRV Whale Movements And Price Action To Monitor As of the latest data, CRV has experienced […]

Will Izuchukwu February 25, 2024

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Litentry $LIT Surges To Yearly High Amid DWF Labs’ Portfolio Momentum

Litentry $LIT, a prominent token in the portfolio of DWF Labs, has witnessed remarkable gains in its value, soaring by over 42% throughout this week and experiencing a 24% surge today, reaching a yearly high of $1.496. Functioning as a privacy-preserving decentralized identity aggregation oracle, Litentry operates on the Substrate framework and is specifically designed for Polkadot, EVM-based platforms, and other multi-chain ecosystems. DWFLabs, a renowned market marker, acquired 3 million LIT tokens valued at $3.66 million at an average price of $0.86 on October 29 and December 11, 2023. Currently, the price stands at $1.4. In a recent development, DWF Labs reportedly deposited 700,000 LIT tokens, equivalent to $838,000, to Binance a few hours ago. Notably, the tokens held by DWF Labs have exhibited significant trading activity over the past two days, leading to substantial price surges across the […]

Will Izuchukwu February 23, 2024

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Spell Token Surges Amidst Rising Investor Interest

The Spell Token ($SPELL), an essential component of abracadabra.money, has recently demonstrated remarkable market performance, witnessing a surge of over 62% in the past 24 hours, with its price reaching $0.00107.  This notable increase reflects the token's solid position within the DeFi ecosystem and the growing interest from investors. The market-making token $SPELL, managed by DWF Labs, experienced an impressive 67% surge today. This surge aligns with DWF's recent activities, particularly in tokens like $FET and $JASMY, where strategic moves may involve pumping and selling within a short timeframe. https://twitter.com/ai_9684xtpa/status/1760615315468382503?t=kO1sqwxtIaJY_IwN68amUA&s=19 In September 2023, DWF Labs officially announced its role as a market maker for SPELL, securing a token loan of 4.62 billion SPELL and purchasing SPELL tokens worth US$1 million at a 15% discount, as part of a locked agreement for 24 months. Over the past five months, DWF has […]

Will Izuchukwu February 22, 2024

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Ethereum Surpasses $3000 Mark Amidst Whales’ Accumulation

In a significant move for the cryptocurrency market, Ethereum, the second-largest digital asset, breached the $3000 milestone yesterday, marking a notable achievement in its price trajectory. However, today saw a slight retracement, with Ethereum dipping to $2,900, reflecting a marginal 1% decline. The surge past the $3000 mark prompted a considerable number of Ethereum addresses, approximately 879,000, to become profitable.  https://twitter.com/intotheblock/status/1759962444904923495?s=19 These addresses, which had been in a loss position for the past two years, now find themselves in a profitable situation, potentially considering selling to break even at this pivotal psychological threshold. Despite this, analysts view this segment of addresses as a relatively minor obstacle for Ethereum, given that over 83% of addresses are already in profit.  As such, the prevailing sentiment suggests that Ethereum is poised to overcome this threshold without encountering significant hurdles. Meanwhile, onchain reports reveal […]

Will Izuchukwu February 21, 2024

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Storj Sees Bullish Momentum Amidst Onchain Activity, Makes Notable Gains

In the realm of decentralized cloud storage platforms, Storj (STORJ) has been making notable strides, experiencing a bullish trend over the past 30 days with gains reaching up to 27%.  However, recent onchain activity suggests a potential price decline following reports of increased selling by the project's development team. According to on-chain data from Spotonchain, the Storj developers executed a transfer of 2.5 million STORJ tokens to the Binance exchange just a few hours ago. This transaction amounted to approximately $1.88 million, conducted at a price of $0.753 per token. https://twitter.com/spotonchain/status/1759753843246792930?t=4s8JZQFXddGbEeHYD8cEWg&s=19 The recent move by the Storj team aligns with their previous actions, as they have deposited a total of 33.4 million STORJ tokens to Binance at an average price of $0.806, totaling $26.93 million. Interestingly, most of these deposits occurred prior to anticipated price drops, indicating a strategic approach […]

Will Izuchukwu February 20, 2024

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Ethereum Surges Past $2,900 As Dencun Update Anticipation Grows

The price of Ethereum (ETH) continues its upward trajectory, surpassing $2,900 with a gain of over 4% today. This surge comes amid heightened anticipation for the upcoming Dencun update, signaling growing interest and excitement within the cryptocurrency community towards the altcoin. Ethereum co-founder Vitalik Buterin's recent discussion on the potential applications of artificial intelligence (AI) in the cryptocurrency realm has contributed to the buzz surrounding ETH. Moreover, recent reports of whale accumulation of the token further align with the surge in ETH's price. Prior to today's price surge, on-chain data revealed significant activity from a massive whale, allegedly purchasing 32,002 $ETH ($90M) at an average price of ~$2,811 over the past 19 hours.  This activity included swapping 60M $USDT for 21,353 $ETH via 1inch and withdrawing 10,649 $ETH ($30M) from Binance. The subsequent withdrawal of $USDT used to purchase $ETH […]

Will Izuchukwu February 19, 2024

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