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$VELO Token Continues Bullish Momentum Amidst Development Surge

Amidst market corrections, $VELO, the native token of a significant development project, is showcasing remarkable bullish behavior across all time frames. Over the past 30 and 90 days, $VELO has surged by 133% and 318% respectively, signaling strong investor interest and positive sentiment. In a recent on-chain development, DWF Labs, a key player in the $VELO ecosystem, has made a notable deposit of 10 million VELO tokens to Bybit at a price of $0.021. This move adds to the ongoing activity surrounding the token and underscores the confidence of stakeholders in its potential. https://twitter.com/spotonchain/status/1787435658060943433?t=MKgePfa1peJmalBfXw-slw&s=19 DWF Labs has been actively engaged with $VELO since receiving 75 million tokens from the project on July 14, 2023, when the price was $0.003. Since April 9, 2024, DWF Labs has deposited 45 million VELO tokens, valued at $800k, to Bybit at an average price […]

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Optimism Leads The Pack In Layer 2 Crypto Development Activity

Recent data from Santiment feed sheds light on the top Layer 2 cryptocurrencies by development activity, providing valuable insights into the bustling ecosystem of blockchain projects. The list, compiled by analyzing non-redundant GitHub activity of each project and averaging their daily activity over the past 30 days, showcases Optimism as the frontrunner in this domain. Optimism, denoted by the ticker symbol $OP, emerges as the clear leader, boasting a remarkable 146% more activity per day compared to its closest competitor. This surge in development activity underscores Optimism's dedication to advancing blockchain technology and enhancing its platform's capabilities. Following Optimism, other notable projects in the list include Starknet ($STRK), Arbitrum ($ARB), Cartesi Project ($CTSI), Immutable ($IMX), Skale Network ($SKL), MintLayer ($ML), 0xPolygon ($MATIC), MetisDAO ($METIS), and 0xMantle ($MNT). Each of these projects contributes to the vibrant landscape of Layer 2 solutions, […]

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Cryptocurrency Market Witnesses Significant Decline Amid Outflows

In the tumultuous landscape of the cryptocurrency market, the past week has been marked by a substantial downturn, sending shockwaves across various digital assets. Among them, the popular memecoin $SHIB has experienced a notable 4% decline in value over the course of the week, reflecting the broader trend of market contraction. A recent report has shed light on the underlying factors contributing to this downturn, revealing a surge in selling activity as investors seek to mitigate their losses. Large investors, in particular, have been observed trimming their positions amidst the market turmoil, signaling a shift in sentiment towards risk aversion. Notable SHIB Whale Transaction To Monitor  One noteworthy transaction that has captured attention is attributed to the address associated with $SHIB, which was opened just a week ago. This address, identified as 0x9f5...19A60, initiated a transfer of 101 billion $SHIB […]

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Uniswap Faces Downtrend: Price Analysis And Whales’ Moves

The current market trends spell trouble for Uniswap, with the price analysis revealing a bleak outlook. Over the past month, the value of Uniswap's native token has experienced a significant decline, plummeting by as much as 40%.  This downturn paints a grim picture for the cryptocurrency market as a whole. Today, the coin's value hit a low of $7.5, marking a 5% decrease fueled by mounting bearish sentiment. https://twitter.com/ai_9684xtpa/status/1784747684139827451?t=Yx8OStJFjYbjU9RGoARfJA&s=19 On-chain data reports shed light on the actions of key players in the market. Address 0xb38...dF6a5, which initiated a position in UNI two weeks ago, recently made a notable move by depositing 476,000 UNI tokens into Binance, equivalent to approximately $3.9 million. This deposit is suspected to be a sale transaction, adding to the downward pressure on Uniswap's price. UniSwap UNI Price And Whale Movements  The opening price of UNI at […]

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Arbitrum Token Nears $1 Mark Amidst Decline, Amber Group Deposits To Coinbase

The Arbitrum token (ARB) is edging closer to the $1 mark, experiencing a 30% decline over the past 30 days, signaling a challenging period for the cryptocurrency. Recent on-chain reports reveal that Amber Group, a prominent player in the crypto space, has once again deposited 1 million ARB tokens to Coinbase, amounting to approximately $1.19 million.  This move comes amidst the ongoing decline in ARB's value, indicating strategic decisions being made by major players in response to market conditions. Despite the overall decline, ARB has shown a slight increase of 4.5% in the past seven days, with its current price hovering around $1.19. The address associated with Amber Group still holds a substantial amount of ARB, totaling 3.1 million tokens, valued at approximately $3.69 million.  This suggests that despite recent transactions, Amber Group maintains a significant stake in ARB. https://twitter.com/ai_9684xtpa/status/1783051257147797917?t=lg4yfrBBb6uue6vmGX5PYQ&s=19 […]

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Ethena’s Season 2 Boosts $ENA Price, Whales Flock To Stake

Since the introduction of Season 2 by Ethena Labs, the price of $ENA has surged, doubling in value since its launch. This significant uptrend has been attributed to the increased utility and rewards offered by Ethena's latest season. https://twitter.com/spotonchain/status/1777541479315161181?t=WWhAkdhbdPFZgL4snFVBvQ&s=19 Following the announcement, three prominent whales swiftly withdrew a combined total of 8.44 million $ENA ($10.94M) from Binance for the first time, securing their tokens with Ethena through staking. This move contributed to a surge in demand, driving $ENA briefly past the $1.33 mark, setting a new record high for the token. https://twitter.com/ai_9684xtpa/status/1777321042077462565?t=UXJ2RwKSKO1oR8rx84G1Tg&s=19 $ENA Token Whales' Movement To Monitor  Ethena's pledge mechanism, offering additional rewards for locking up $ENA, has incentivized whales to take action. One such address, previously ranking at the top of the pledge leaderboard, transferred 5.72 million $ENA from Binance, depositing them all for pledge, resulting in a […]

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TRON’s Q1 2024 Report Shows Robust Growth Across Multiple Metrics

TRON's latest financial report for the first quarter of 2024 highlights impressive growth across various key indicators, signaling a promising start to the year for the blockchain platform. According to the report, TRON experienced a remarkable increase of over 21% in fees and revenue compared to the previous quarter, more than doubling year-over-year. This surge in financial performance underscores the platform's growing popularity and adoption among users. In addition, the trading volume of the native $TRX token saw a notable uptick of 27% quarter-over-quarter, reaching an impressive $38 billion. Moreover, the number of $TRX holders surpassed 123 million during Q1 2024, reflecting a widening user base and heightened interest in the cryptocurrency. https://twitter.com/Coin98Analytics/status/1777198196097532025?t=FLNNHoguK4eUsgTVXBkqjg&s=19 Surge In TRON Transaction In The First Quarter Of The Year During the first quarter of the year, TRON witnessed a staggering total of over 440.7 million […]

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Binance Labs’ Strategic Investments In Cryptocurrency Startups

Binance Labs, the venture capital arm of the world's largest cryptocurrency exchange, Binance, has been actively investing in various cryptocurrency startups, contributing to the growth and development of the digital asset ecosystem.  Among its portfolio companies is $GMT, the native token of the FSL ecosystem. Recent on-chain reports from Spotonchain shed light on Binance Labs' investment activities.  Wallet 0x2e5, believed to be associated with Binance Labs, deposited a significant amount of 9.33 million GMT tokens to Binance, valued at $3.14 million at an average price of $0.337. https://twitter.com/spotonchain/status/1774970439204475197?t=5KDtU5E5xjGUER_T4J4RTA&s=19 One notable investment by Binance Labs is in StepN, where the venture capital firm has reportedly vested 37.08 million GMT tokens at an average price of $0.241 since July 10, 2023.  Subsequently, Binance Labs deposited 28.08 million GMT tokens to Binance at an average price of $0.229, amounting to $6.42 million. Binance […]

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Ethena’s ENA Token Gains Momentum Ahead Of Launch With Binance Alliance

Ethena's ENA token is making significant strides as it prepares for its upcoming launch, fueled by a strategic alliance with Binance and growing anticipation among stablecoin investors for its airdrop. With the launch of Ethena's forthcoming Launchpool farming set to commence on March 30, users will have a three-day opportunity to earn ENA tokens, contributing to the heightened excitement surrounding the project. Recent on-chain reports have revealed notable activity from MakerDAO founder Rune Christensen, who deposited 5.66 million USDT into Ethena, resulting in the minting of 5.655 million USDE tokens. This marks Rune's inaugural participation in the Ethena ecosystem, further underscoring its growing appeal. The official announcement of Ethena's project token, ENA, on March 29 has generated considerable buzz within the crypto community. Scheduled for launch on Binance New Coin Mining, ENA's introduction promises to offer investors a lucrative opportunity […]

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Whales Drive Surge In GMT Price Amidst Heavy Trading Activity

Following a flurry of reports detailing significant purchases by whales, the trading volume of $GMT has skyrocketed by over 500%, propelling its price upwards by more than 24% in the past week.  On-chain reports have now shed light on a specific address, 0xc7e...01c77, which recently transferred a substantial 47.16 million $GMT to Binance, valued at approximately $16.01 million. Over the course of the last five days, this particular address has orchestrated transfers totaling 133 million GMT from Binance, amounting to a staggering $44.06 million. Notably, the average transfer price stood at $0.33, resulting in a current profit of $920,000. https://twitter.com/ai_9684xtpa/status/1772885255562875128?t=P9VY5UAtBKN_Z5Z-hfn1-Q&s=19 More Whale Wallets Accumulates More $GMT Tokens An additional address, 0x8A6...7f7a7, has also been identified as accumulating 12.82 million GMT, equating to $3.9 million, within the same five-day period. These developments suggest the presence of large-scale investors actively amassing funds, […]

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