Analysis: Arbitrium Investors Face Losses Amidst Bearish Trends

As Arbitrium continues to experience bearish trends across all time frames, a staggering 85% of investors holding ARB in their wallets find themselves at a loss.  Observations of on-chain data reveal a notable decrease in large ARB transactions since January 3, 2024, with transactions over 100K dropping from 256 to 121. These downward signals underscore the prevailing bearish sentiment. Currently, the ratio of wallets holding ARB for over a year to the general population stands at 23%, indicating a substantial portion of long-term holders. Notably, one wallet holds a significant 33.92% of the current ARB supply, highlighting potential centralization concerns. https://twitter.com/burak_kesmeci/status/1789749148599665081?t=ey62Av5K-aaCFn_KXEXWdw&s=19 Decline In New Active Addresses For ARB Active addresses, a crucial metric for gauging investor interest, tell a concerning story. While the average number of active addresses in 2024 was roughly 30K, it has now dwindled to 10.5K. Moreover, […]

trending_flat
Cardano Hits 90 Million Transactions: A Milestone For The Blockchain

In an exciting development, Cardano has reached a significant milestone by processing a staggering 90 million transactions on its network. This achievement not only highlights the platform's robust infrastructure but also underscores its increasing adoption and usability across various sectors. https://twitter.com/CardanoFeed/status/1787961231233384621?t=qxpgA7-IecsmSn1vvTr69g&s=19 The surge in transaction volume reflects the growing confidence in Cardano's capabilities to support a wide array of use cases and transaction types. It signals a positive trajectory for the blockchain as it continues to evolve and expand its ecosystem. The timing of this milestone is particularly noteworthy, coinciding with the imminent rollout of network upgrades. Among these upgrades is Ouroboros Genesis, a critical component of the upcoming Chang upgrade set to be implemented this summer. Ouroboros Genesis introduces innovative features, such as the ability for nodes to autonomously boot themselves from the Cardano network, enhancing the platform's overall […]

trending_flat
MakerDAO MKR Multisign Deposits Millions To Binance Amidst Market Activity

MakerDAO's Multisign wallet, identified as 0xbba, has recently made a significant deposit of 750 MKR, equivalent to $2.19 million, to Binance at a price of $2,920. This transaction was facilitated through a middle wallet, 0x1cc, adding to the ongoing activity surrounding the multisign's operations. Since its reactivation on March 18, 2024, following a three-month period of inactivity with MKR, the multisign has been actively depositing tokens to centralized exchanges (CEX) at strategic moments. Notably, it has deposited a total of 11,993 MKR, valued at an average of $3,184 per token ($31.18 million in total). These deposits often precede price drops in the MKR market. https://twitter.com/spotonchain/status/1787313284024053825?t=sPQQdtzvxLFq5i2avEKe8g&s=19 Multisign Activity To Watch On MKR Movements The multisign's activity includes two notable phases: between March 18 and April 22, where 9,043 MKR ($29.75 million) was transferred to Wintermute Trading OTC and subsequently to CEXs […]

trending_flat
$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 […]

trending_flat
Bitcoin’s Fate Amidst Fed Speculations And Crypto Token’s Wallets Data

As cryptocurrency prices show signs of mild recovery, social media chatter continues to revolve around Bitcoin and its susceptibility to fluctuations in response to the Federal Reserve's decision to maintain unchanged interest rates. However, insights from Santiment's data feed, focusing on the most significant growth in non-empty wallets among top market caps in crypto, shed light on noteworthy trends beyond Bitcoin and Fed speculations. https://twitter.com/santimentfeed/status/1786145163435540689?t=y_dItEJb7whvpqPqC9xEOg&s=19 Among the top performers in wallet growth over the past six months, Toncoin (TON) stands out with a remarkable surge of 110%, boasting 16.8 thousand wallets. Dogecoin (DOGE) follows suit with an impressive 27% growth, tallying 6.6 million wallets, while stablecoins like USDT and USDC demonstrate significant expansion, with 5.7 million and 2.1 million wallets respectively, marking growth rates of 23% and 16%. Ethereum, the leading smart contract platform, has seen its wallet count rise […]

trending_flat
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, […]

trending_flat
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 […]

trending_flat
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 […]

trending_flat
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 […]

trending_flat
Ethena Token Plummets Below $1 Amidst Significant Sell-Off

Ethena, the popular cryptocurrency token, continues its downward spiral as it dips below the $1 mark, shedding 20% of its value in a single day to reach a trading price of $0.947. In a concerning development, the project's multi-signature address has initiated a substantial recharge of 35.12 million $ENA tokens to various exchanges including Gate, Kucoin, and Bybit, with a total value of $35.99 million. The motive behind this move remains unclear, leaving investors speculating about the implications for the project's future. Since its launch on April 1, the Ethena project has faced several challenges, including a decline in token value and uncertainty surrounding its development roadmap. The recent sell-off exacerbates these concerns, raising questions about the project's stability and long-term viability. https://twitter.com/ai_9684xtpa/status/1780215351122522585?t=ULHrbOpxaLuWbzwBopM0pw&s=19 Ethena Whales Sells Off Holdings As Data Suggests The multi-signature address, which initially received 137 million tokens, […]

Login to enjoy full advantages

Please login or subscribe to continue.

Go Premium!

Enjoy the full advantage of the premium access.

Stop following

Unfollow Cancel

Cancel subscription

Are you sure you want to cancel your subscription? You will lose your Premium access and stored playlists.

Go back Confirm cancellation