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News

Large ENA Token Movements Reflect Market Shifts

This week has witnessed prominent movement in the ENA token ecosystem, showing a far more pronounced degree of activity than in recent weeks. A full 2.07 billion ENA tokens have been unlocked—this is a portion that impacts the ENA token ecosystem without a direct linkage or a breach of subsisting agreements made with the ENA Development Foundation—and the unlocking seems to correlate with the appearance of several market movers. The obvious question raised: who, or what, is behind this movement? Key Transactions: New Wallet and Amber Group Activity On May 3rd, the first noteworthy transaction took place. A new wallet address, which we now know as 0x320...1Efd4, unlocked a gigantic 9.34 million ENA tokens. The value of what was received on that day came to about 3.47 million US dollars, based on the current market prices. Not long after, though, […]

Will Izuchukwu March 8, 2025

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Market Analysis

HEDERA PRICE ANALYSIS & PREDICTION (March 7) – Hbar Sees 5% Daily Gains as Crypto Market Falls, Still Remains Bearish

Recovering slightly from yesterday's drops, Hbar posted a few gains today as it slowly climbs back. It currently looks strong but will likely resume bearish if the supply level continues to increase weekly. After a short increase last week, Hbar resumes selling on Monday after facing a rejection under $0.3 last weekend. It later found support above $0.2 and increased on Tuesday. The increase halted the following day, and the price dropped. Today, the price increased and showed strength amid the overnight reductions in altcoins' prices. This has brought a minor gain, but with the look of things, there's no assurance if the gain will hold for long. The current daily bearish bias may be sustained during the Asian session. And if that happens, Hbar may lose momentum and join other altcoins in a fresh dip. A change in the […]

Michael Fasogbon March 8, 2025

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News

Ethena Labs’ Wallets Deposit $14.71M in ENA Tokens to Binance, Raising Market Speculation

In a high-value transfers, three wallets connected to Ethena Labs have, in the past two hours, shifted a total of 38.365 million ENA tokens to Binance. Those tokens are worth about $14.71 million. The sheer size and the rapid pace of these transfers are raising eyebrows and prompting some crypto-watchers to wonder if the team at Ethena Labs has some kind of plan in mind—especially given that the price of the ENA token itself isn't in the greatest state right now. The transfers originated from three distinct wallets: 0x4448ea1e76fe2eee5aaf6582ddc737eb0017cfe2, 0xab2eedf5cf6e534b3ab8e2a71f7457228138c1b3, and 0x7e617f54a9ede23e687513c3af896e6c5d64c4f8. They deposited at an average price of $0.383 per ENA, with each wallet transferring a considerable part of the total. - Address 0x444 deposited 17 million ENA tokens, which amount to around $6.51 million. The 0xab2 address moved 12.865 million ENA, approximately $5.02 million worth, on May 18, 2023. […]

Will Izuchukwu March 6, 2025

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News

Whale Behind Genesis Trading’s Liquidation Compensation Sells 40,000 ETH, Potential Market Impact Looms

A significant competitor in the cryptocurrency world, purportedly the whale who got the biggest payout from the liquidation of Genesis Trading last August, has sold a substantial amount of their Ethereum (ETH) holdings in the past two days. This huge transaction is perplexing to market analysts, as the individual or institution behind the sale offloaded 40,000 ETH valued at $89.2 million through over-the-counter (OTC) brokers. The funds were divided between Galaxy Digital and FalconX, two well-known firms in the crypto finance world, which has sparked some worries over potential market volatility. This whale was compensated with a staggering 114,500 ETH ($358.19 million) from the liquidation that followed Genesis Trading’s bankruptcy. The address was the largest recipient of ETH from that event, and at the time of the compensation, the ETH was worth $3,128 apiece. Now Ethereum is worth only about […]

Will Izuchukwu March 6, 2025

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News

KaitoAI’s $KAITO Token Listed on Upbit Amid Significant Market Activity

The KAITO token linked to the AI virtual asset data platform KaitoAI is now listed on Upbit, which is the largest digital asset exchange in South Korea. This is very good news for KaitoAI. The token is now listed at Upbit with the trading pairs KAITO/KRW, KAITO/BTC, and KAITO/USDT. Deposits and withdrawals for KAITO are also now live at the exchange, which is very important. https://twitter.com/Crypto_Dep/status/1897216777798435030?t=ziZ_rNb2qdrC6AJ1l8Wn6w&s=19 KaitoAI, recognized for its aim to construct an Information Finance (InfoFi) network, has been drawing attention for its innovative way of assigning value to information. Its models are participant-driven, which means that you and I—as participants in the platform—affect the way data is valued economically. This is the first platform I've come across whose main aim is to create an ecosystem in which you and I can influence the economic value of data. Suspicious […]

Will Izuchukwu March 6, 2025

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Market Analysis

AVALANCHE PRICE ANALYSIS & PREDICTION (March 6) – Avax Jumps 5% in The Latest Increase, But Bearish Trajectory Remains Intact

Today marks another impressive recovery in altcoins as Avax's volatility shrinks with choppy price actions. However, it has posted a minor gain but remains bearish as it slowly recovers. Avax's bearish momentum appeared to be reaching an exhaustion point on the daily chart as the volatility continues to drop with choppy price actions. It found a temporal support but is yet to show signs of bullish. These choppy price actions started after rejecting $21 last month. As we can see, the bears have struggled to sustain pressure ever since. Their weakness may bring an end to this selling phase if the buyers take advantage of it. Having provided a notable discount in the short-term scale, the bulls have shown interest in the past few hours, but their commitments are not strong enough to put them back on track. If the […]

Michael Fasogbon March 6, 2025

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Featured

Hackers Launder $1.39 Billion Stolen from Bybit, Impacting ETH Price and THORChain’s Transaction Volume

In a well-coordinated cyber heist, hackers have successfully laundered an incredible 499,000 ETH, valued at around $1.39 billion, taken from the cryptocurrency exchange Bybit. The laundering process, which lasted 10 days, used several advanced methods and made ample use of mixers to obscure the heist's trail. Despite serving as a massive wake-up call about the security of digital assets, the hack has managed to impact the cryptocurrency market in a big way. While the price of Ethereum (ETH) is down around 23% during the same period as the hack, the price of many other cryptocurrencies is down, too. The Complex Money Laundering Operation The scheme to steal from Bybit, one of the top crypto exchanges, was large and messy. Almost 500,000 ETH got taken. And as you can imagine, moving that much cryptocurrency into the real world is hard to […]

Will Izuchukwu March 5, 2025

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Market Analysis

RIPPLE PRICE ANALYSIS & PREDICTION (March 4) – XRP Rolls Back Gain Following a Sudden Sell-Off, Down 4% Daily

Following a new sell order, XRP posted a heavy loss today and is now trading back near a crucial support. A successful breakdown from there could trigger a massive collapse to a new multi-month low. Compared to other cryptocurrencies during last month's trading, XRP registered a little loss and continued to trade well above the $2 level, which has been a critical support for the past three months. It attempted to reverse the trend following a strong bounce back earlier this month, but the momentum was short-lived due to a sudden sell-off yesterday, and the price nosedived. From a technical standpoint, the landscape might change anytime soon due to the sell-off. The $2 level is considered a key support for a major breakdown. Losing it should confirm a head-and-shoulder formation on the daily chart. The target price range to watch for […]

Michael Fasogbon March 4, 2025

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Featured

Bitcoin Dips Below $80K: Is a Bounce Imminent or Are Further Losses Ahead?

The world’s leading cryptocurrency, Bitcoin (BTC), has dipped significantly beneath the $80,000 mark to cause worry among traders and investors. This drop has induced a decline in the percentage of Bitcoin currently in profit, which now stands at about 75%. As Bitcoin’s price approaches a crucial demand zone—it needs to hold at or above $69,000, the previous all-time high many analysts are now using as a marker—investors are asking whether it will hold, bounce back from here, or keep on sinking. https://twitter.com/intotheblock/status/1895392461692010874?t=JBR7D_7qeWenQkPBAsT6lg&s=19 Alongside the recent price movements, there's been a significant change in how people perceive the market. Price changes like this usually make people in the market stop and rethink what's going on. They're perceived as times when we might need to look around a bit more to see if there's something we're not seeing or if there's something […]

Will Izuchukwu March 4, 2025

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Featured

Crypto Market Faces One of Its Toughest Februaries, But March Brings Hope for Recovery

2025 is already a very challenging year for the cryptocurrency market, with February proving to be one of the recent most difficult months. Two of the most important cryptocurrencies in the space, Bitcoin (BTC) and Ethereum (ETH), suffered steep losses that have raised serious concerns about the possibility of further downturns occurring in March. Yet, in spite of this setback, there are signs that the cryptocurrency market as a whole is beginning to recover. February's Harsh Setback: BTC and ETH Struggle February 2025 was particularly harsh for Bitcoin, as it turned out to be its most miserable month in over ten years. The cash currency recorded a sharp decline of 17.39% for the month, marking the steepest drop in the month of February since 2013. This downturn has left traders and investors reeling. Mixed emotions have resulted in doubts being […]

Will Izuchukwu March 4, 2025

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