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CoinSummer
CoinSummer
followers
  1. 🔬You can pay attention to opportunities Cosmos community users revealed that Cosmos Hub forked AtomOne or launched the mainnet on February 27 Optimism launches fourth airdrop, distributing OP worth nearly $41 million Kelp DAO launches EigenLayer points token KEP Smart Layer announced that the SLN token airdrop will account for 2% of the total amount, and applications will be open on February 23 2. ❇️DeFi a. New items in the past day Yuzu Market --- Lending (Horizen EON, 430,000) Pythagorean --- Dexes (Obyte, 00,000) ApeBond Bonding --- Farm (Multi-Chain, 90,000) b. Project list Project list: TVL > 5m & (7 days new | 24h TVL change > 10%) c. Related projects Pendle TVL approaches $1.5 billion, hits record high Jupiter launches cross-platform routing service ExactOut API V2 Lido adds 1inch withdrawal aggregator Pyth Network plans to hold governance board elections on February 22 3. 🌏Macro Grayscale GBTC negative premium rate is 0.06%, ETH information
4 days ago
Crypto updates_
Crypto updates_
followers

🚀 How To Claim your Pixel Airdrop 🚀 👉Connect on Ronin 👉Link Ronin wallet 👉Go to Exchange 👉Select $PIXEL 👉Withdraw to Ronin All Withdrawal Pending Before 3:00 PM (IST) Once Withdrawal Started Goto Ronin Wallet And Withdraw You Pixel To Your Binance Account Listing Time - 3:30 PM (IST) Congratulations 🎉 Everyone 🤝 Who got Pixel Airdrop Allocation . 💥💥A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips 💸would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.🤗💖 #Write2Earn #strk #TrendingTopic #WLD #PIXEL

4 days ago
Portable Detective07
Portable Detective07
followers

Pixel is a play to earn gaming platform, where you can earn Pixel coin with a simple guide from my side.PIXEL GAME🪷 The Way to Earn Free #PIXEL from the Game:1. Get Things from People & Help Them & Earn Things: Engage with the community, assist other players, and receive rewards in return. Collaboration and assistance can lead to valuable rewards.Helping People to Get Rewards2. Sale Things & Earn Coins & $PIXEL & Use Them to Get More Opportunities to Earn More & Get More Pixel: Utilize the marketplace to sell items, accumulate coins and $PIXEL , and reinvest them to unlock additional earning opportunities within the game.🪷 How to Create a Pixel #Game Account:1. Go to play.pixels.xyz: Visit the designated website to begin the account creation process.2. Connect $RONIN Wallet: Ensure seamless transactions and interactions within the game by connecting your RONIN wallet.RONIN CRYPTO3. Play Game: Once your account is set up and your wallet is connected, dive into the game and start exploring the world of Pixel.🪷 How to Withdraw Pixel:1. Go to Same Ronin Wallet: Access your RONIN wallet to initiate the withdrawal process.2. Copy #Binance’s Pixel Address: Obtain the appropriate Pixel address from your Binance account.PIXEL Coin on Binance3. Then Withdraw from Ronin Wallet to Binance: Complete the withdrawal by transferring your Pixel from your RONIN WALLET to your Binance account.🪷 3 Ways to Get Maximum $PIXEL :1. Join Pixel VIP: Unlock exclusive benefits and opportunities by becoming a Pixel VIP member.2. Level Up: Progress through the game, increase your skills, and level up to access higher rewards.Consistency is the key to success3. Consistency & Learning with Experience: Stay consistent in your gameplay, continue learning, and leverage your experience to optimize your earnings in $PIXEL .🪷 #TrendingTopic #Write2Earn #Play2Earn $AXS

4 days ago
Crypto Ahmet
Crypto Ahmet
followers

#Bitcoin has fallen to its lowest level in the last week, but there are some reasons for long-term investors not to be pessimistic.Bitcoin has fallen to its lowest level in the last week, but there are some reasons for long-term investors not to be pessimistic.Analysts think that both upward and downward movements will continue for Bitcoin, which is trading below the $ 52,000 resistance, for some time.the road to $60,000Trader Crypto Rover stated that it is very important for Bitcoin to recover the $ 52,200 level. The trader stressed that a one-day closing above this level has the potential to increase the value of the asset by up to $ 60,000.Rover believes that a controlled scare provides a ripe atmosphere for significant technical levels to drop. However, he says that bilateral price action also seems likely.Rover also pointed out that there may be another short-term withdrawal in the coming days. The analyst added that a drop to $ 47,000 is likely. #BTC #binance #Write2Earn

4 days ago
Cryptopolitan
Cryptopolitan
followers

In the ever-evolving cryptocurrency landscape, Ethereum has notably surged by over 30% since the dawn of 2024, now hovering around the $3,000 mark. This uptrend in Ethereum’s price has sparked considerable interest, particularly among large-scale investors colloquially called “whales.”  Recent observations in on-chain data suggest these whales’ significant accumulation of Ethereum, indicating a bullish sentiment towards the digital asset. Spot On Chain unveils whale accumulation Spot On Chain, a prominent platform known for sharing on-chain data insights, made waves today with revelations regarding substantial Ethereum acquisitions by a whale address. According to the platform’s data, this whale address procured approximately 13,526 ETH at an average price of $2,947 per ETH, amassing a total value exceeding $39 million.  Notably, the whale withdrew 10,136 ETH from Binance while purchasing 3,390 ETH via 1inch. Moreover, Spot On Chain disclosed that within the past three days, the whale had acquired a staggering 64,501 ETH, equivalent to a valuation surpassing $187 million at current market prices. Adding fuel to the speculation fire, Spot On Chain raised eyebrows by reporting an additional withdrawal of $40 million USDT from Binance by the aforementioned whale. This move sparked intrigue, prompting speculation regarding its potential allocation towards further Ethereum acquisitions. Detailed examination of whale holdings A deeper dive into the wallet of the scrutinized whale reveals a substantial Ethereum holding of 91,321 ETH, alongside assets totaling $334 million, encompassing $49.8 million worth of USDT and 5,485 STETH.  Spot On Chain’s data further unveils previous significant transactions by this whale, notably a purchase of 32,002 ETH amounting to $93 million on February 19. Within 19 hours, the platform reported an additional acquisition of 21,353 ETH via 1 inch and a withdrawal of 10,649 ETH from Binance. Market dynamics and liquidations Despite Ethereum’s commendable price performance, recent market dynamics have exhibited volatility. In the last 24 hours, Ethereum experienced a marginal 0.17% increase in price, trading at $2,907. However, the digital asset faced resistance after closing its daily candle at $3,014, failing to sustain support above the $3,000 threshold.  Notably, CoinGlass data highlights the liquidation of ETH positions worth $59.2 million within the same period, with short positions constituting $32 million of these liquidations.

4 days ago
余烬Ember
余烬Ember
followers

Half an hour ago, the whale who had purchased a large amount of ETH in the previous 12 days continued to spend 10.01 million USDT to buy 3,412 ETH. Average price $2,933. In the 12 days since February 8, he has purchased a total of 83,285 ETH ($243.58M) through CEX withdrawal + on-chain purchase, with an average price of $2,789. The 100 million USDT he proposed from Binance currently has 19.89 million remaining. Judging from the current situation, he should buy all of it into ETH.

5 days ago
Crypto友良
Crypto友良
followers

In every bull market in the currency circle, there is a hot spot that drives the bull market. At the beginning of 2017, the price of Bitcoin was around US$1,100. By the end of the year, it soared to US$19,000, an increase of 1,700%. The ICO hotspot at that time was quite crazy. Then due to policy reasons, the currency circle began to be cracked down, causing the price of Bitcoin to begin to plummet. In 2018, we fell into a short-lived bear market. A BCH war plunged the currency circle into silence and caused trust issues. At the end of 2018, the price of Bitcoin plummeted to around US$3,600. In 2019, three leading IEO hotspots emerged, and the story began to reach a climax again, with the price soaring to around US$13,000. Although it was not as good as the bull market in 2017, the growth rate during the year also exceeded 300%. The 312 incident in 20 years can be said to be quite panic. Whether it is mining farms, investors, or even people in the chain industry, they almost lost hope in the market. However, since 312 plummeted to around $4,000, Bitcoin with 4-digit dollars has never been seen again. In 2020, Binance began to build a currency ecosystem, the DEFI hotspot headed by BNB began, the bsc chain was born, decentralized trading officially began, and unisawp trading became popular, which greatly boosted market popularity, hundreds of times and thousands of times. Hundreds of thousands of times coins began to explode. The price of Bitcoin has only risen, never falling, from US$4,000 in 312 to US$4,000 in early 21, an increase of up to 1,000% After a brief correction at the beginning of 21, it has been advancing rapidly. The DEFI ecosystem has reached a climax. Various exchanges have begun to promote their own ecology, such as OK chain, Huobi chain, GT chain, and of course Ether smart contracts. The market popularity has reached a climax, with Dogecoin. Based on the "zoo" full-scale outbreak. At the end of 21, Bitcoin was pushed to a crazy level close to $70,000. Judging from the lowest level of $30,000 during the year, the increase was more than 200%. Subsequently, whether it was the impact of various policies or the capital withdrawal of some major firms, the price of BTC began to decline, all the way down to around US$16,000 at the end of 2022. At the beginning of 2023, hot spots continued. Web3 content led by Ouyi became popular, and a new ecology was created using the BTC chain. Like NFT in 2003, casting inscriptions on the BTC chain became a new hot spot. BTC grew significantly and gas fees increased. Online miners made a lot of money, and the price of Bitcoin soared to 45,000 US dollars. Compared with the growth during the year, the increase also exceeded 200% #热门话题 #BTC $BTC

5 days ago
CryptoNewsLand
CryptoNewsLand
followers

Ripple moved 60 million XRP tokens between wallets, worth $34.08 million. Despite skepticism, XRP’s bullish trend remains strong, potentially reaching $0.60. Market indicators suggest a favorable outlook for XRP, with a possible entry point at $0.54. In a significant development in the cryptocurrency market, Ripple executed a transfer of 60 million XRP tokens between wallets during the early hours of February 20th. The transaction, valued at $34.08 million, caught the attention of market observers.  While the specific purpose behind the transfer remains undisclosed, it signifies Ripple’s continued activity within the XRP ecosystem. Despite the sizable transaction, some investors expressed skepticism regarding Ripple’s motives, highlighting past instances where similar movements led to a decline in XRP’s price.  However, the prevailing sentiment surrounding XRP remains largely bullish, supported by recent positive price movements. This optimism is reflected in market indicators, which suggest a potential uptrend for XRP, with projections aiming for a price target of $0.60. Analysis of various technical indicators further reinforces the positive outlook for XRP. The Bollinger Bands indicate a stable trading range between $0.53 and $0.56, offering insights into potential entry points for traders.  Additionally, the Aroon indicator signals a bullish bias, with expectations of XRP making attempts to reach higher price levels. Social dominance metrics also point towards increased market interest in XRP, potentially driving further price appreciation. Overall, while skepticism persists within certain quarters of the market, the prevailing sentiment remains optimistic regarding XRP’s future performance. As Ripple continues to engage in significant transactions and the broader cryptocurrency market shows signs of resilience, XRP investors remain hopeful for further price appreciation in the near term. Read also: $400 to $532K: Tracing Bitcoin’s Journey and S2F Forecasts 8,752,735 SHIB has Been Transferred to Dead wallet Whale Alert: 14,159 BTC ($420M) Transfer Sparks Crypto Community Speculation XRP’s Half-Billion Token Transfer: Ripple’s Strategic Move Unveiled XRP Mystery: $10M Withdrawal from Binance Ignites Market Speculation The post Ripple’s 60M XRP Transfer Sparks Speculation: What’s Behind the Move? appeared first on Crypto News Land.

5 days ago
CryptoQuant Quicktake
CryptoQuant Quicktake
followers

Coinbase, a leading cryptocurrency exchange, recently faced a significant withdrawal of Bitcoin, resulting in the smallest confirmed reserve of the digital currency since 2017. More than 18,000 BTC, equivalent to almost US$1 billion, were removed from the platform. This substantial withdrawal of Bitcoin from Coinbase resulted in the funds being distributed across several new wallets, with values ranging between $45 million and $171 million. Following this move, Coinbase's public order book now holds around 394,000 Bitcoins, valued at more than $20.5 billion. Written by caueconomy

6 days ago
Muhammad Amir Rajpoot
Muhammad Amir Rajpoot
followers

🚨🚨 Urgent Update on $STRK 🚨🚨 Starknet Listing 🔥 🤑 🚀 📅 Get ready for some major crypto action because Binance is set to list Starknet (STRK) on February 20, 2024, at 13:00 (UTC)! #MuhammadAmirRajpoot 👉🏻 It's launching on $ETH chain and Very Old project only few got it's airdrop so It have Big Potential to Pump Hard 🔥🤑 🔄 New Spot Trading Pairs: - STRK/BTC - STRK/USDT - STRK/FDUSD - STRK/TRY ⏰ Deposit Start Time: Start depositing your STRK tokens on February 20, 2024, at 12:00 (UTC) to gear up for the trading frenzy ahead. 💰 Listing Fee: Binance is making it even better by charging 0 BNB as the listing fee for STRK. That's right, zero fees! as on $PIXEL 🎉 Withdrawal Open Time: Withdrawal for STRK will open on February 21, 2024, at 13:00 (UTC). Trade with peace of mind, knowing you have the flexibility to withdraw your tokens whenever you need to. ℹ️ What is Starknet (STRK)? Starknet is a permissionless, validity-rollup, also known as a zero-knowledge rollup (ZK rollup) for the Ethereum network, paving the way for innovation and scalability in the blockchain space. ⚠️ Risk Reminder: Exercise caution and manage your risks wisely. STRK may experience higher price volatility due to its relatively new status. Conduct thorough research before diving into trading. 🌱 Seed Tag: STRK will be adorned with the prestigious Seed Tag, symbolizing its innovative nature and potential for growth. 📝 Quizzes and Terms of Use: To trade tokens with the Seed Tag, users will need to pass corresponding quizzes every 90 days on Binance Spot and/or Binance Margin platforms and accept the Terms of Use. Get ready to embark on an exhilarating trading journey with STRK on Binance! 🌐 #Write2Earn #strk #TrendingTopic #Write2Earn

5 days ago
Crypto
BNB,MATIC,BNB
WazirX(WRX)

$0.21

7.91%

Market Cap
78.86m
 

7.91%

Volume (24h)
8.04m
 

824.80%

Released on 06 Feb 2020
Techandtips123
Techandtips123
followers

🚀 How To Claim your Pixel Airdrop 🚀 Link : dashboard.pixels.xyz 👉Connect on Ronin 👉Link Ronin wallet 👉Go to Exchange 👉Select $PIXEL 👉Withdraw to Ronin All Withdrawal Pending Before 3:00 PM (IST) Once Withdrawal Started Goto Ronin Wallet And Withdraw You Pixel To Your Binance Account Listing Time - 3:30 PM (IST) Congratulations 🎉 Everyone 🤝 Who got Pixel Airdrop Allocation . #pixel

7 days ago
CryptoNews
CryptoNews
followers

An address suspected of Justin Sun recently acquired $160.7 million in ETH, potentially indicating a bullish drive for Ethereum.  Lookonchain said the purchase was made through leading cryptocurrency exchange Binance and various decentralized exchanges (DEXs). The wallet, identified with the partial address “TWGHNc,” has been scrutinized for its large-scale transactions, including a withdrawal of 500 million USDT in Tether from HTX, formally Huobi, on Sunday.  The same wallet also deposited 50 million USDT into Binance today, with analysts and observers emphasizing that Sun would have the potential capability to withdraw such a large amount from HTX.  1/ In the past 32 hours, someone bought a total of 54,721 $ETH ($154.4M) from #Binance and #DEX.Who is this guy? Could be #JustinSun?Let’s dig deeper.👇 pic.twitter.com/6yh4GRZnws — Lookonchain (@lookonchain) February 19, 2024 You might also like: Worldcoin’s 200% rally offers boon to FTX, 3AC creditors Further comparisons of transaction patterns have linked the “TWGHNc” wallet to another address, “0x7a95,” noting parallel activities between the two. On Feb. 7, TWGHNc deposited $5.4 million to HTX, followed by a similar amount in ETH withdrawal by 0x7a95 from HTX the next day.  Additionally, a 50 million USDT deposit to Binance on Feb. 1 by TWGHNc correlated with a subsequent withdrawal of 9,959 ETH from Binance by 0x7a95 on Feb. 12. The high-value transactions from HTX suggest that the wallet could potentially belong to Sun, although it’s speculative.If Sun were accurately identified behind these transactions, it would signal a bullish interest in Ethereum from the TRON founder.  Read more: Bitcoin drives record $2.4b weekly digital asset investment inflows

6 days ago
Binance Announcement
Binance Announcement
followers

Fellow Binancians, Binance will list Starknet (STRK) and open trading for these spot trading pairs at 2024-02-20 13:00 (UTC). New Spot Trading Pairs: STRK/BTC, STRK/USDT, STRK/FDUSD and STRK/TRY.Users can start depositing STRK in preparation for trading at 2024-02-20 12:00 (UTC).Withdrawal will open at 2024-02-21 13:00 (UTC).STRK Listing Fee: 0 BNB. Notes: The Seed Tag will be applied to STRK.TRY is a fiat currency and does not represent any other digital currencies.The withdrawal open time is an estimated time for users’ reference. Users can view the actual status of withdrawals on the withdrawal page.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. What Is Starknet (STRK) Starknet is a permissionless, validity-rollup that is also known as a zero-knowledge rollup (ZK rollup) for Ethereum network. Reminder: STRK is a relatively new token that poses a higher than normal risk, and as such will likely be subject to high price volatility. Please ensure that you exercise sufficient risk management, have done your own research in regards to STRK’s fundamentals, and fully understand the project before opting to trade the token.The Seed Tag represents innovative project that may exhibit higher volatility and risks compared to other listed tokens. The Seed Tag will be applied to STRK.To gain trading access to the tokens marked with Seed Tag, users will need to pass the corresponding quizzes every 90 days on the Binance Spot and/or Binance Margin platforms, and accept the Terms of Use. The quizzes are set up to ensure users are aware of the risks before trading the tokens with the Seed Tags. Users may find the Seed Tags on the corresponding Binance Spot and Binance Margin trading pages, as well as on the Markets Overview page. A risk warning banner will also be displayed for all tokens with the Seed Tags. Details: Starknet WebsiteStarknet X AccountFeesRules Thanks for your support! Binance Team 2024-02-20

6 days ago
CryptoPotato
CryptoPotato
followers

Hovering a little below $52,000, Bitcoin is still down by approximately 25% since its all-time high of the previous bull run. The leading crypto asset, however, is seeing a tremendously improved sentiment among investors. In fact, Bitcoin holdings on Coinbase, which is a leading crypto exchange in the space and the largest in the US, have fallen to their lowest level since 2017. And whales are betting big on the asset. Whales Make Big Bets As per CryptoQuant analyst’s latest data, more than 18,000 BTC, valued at around $1 billion, were identified to have been removed from the platform by whales. After the withdrawal of such a significant stash of Bitcoin from Coinbase, the funds were distributed across several new wallets, with values ranging between $45 million and $171 million. Subsequently, Coinbase’s public order book now holds around 394,000 BTC, equivalent to a little over $20.5 billion. CryptoQuant founder Ki Young Ju further revealed that the funds were moved to multiple non-exchange addresses, likely custodial wallets. 18K $BTC moved from Coinbase to multiple non-exchange addresses, likely custodial wallets.https://t.co/QR5QYBnoez pic.twitter.com/s1b9tSx7qj — Ki Young Ju (@ki_young_ju) February 20, 2024 Accumulation Game Strong The demand for Bitcoin is evident as whales have engaged in the highest level of activity not seen in nearly two years. In 2024, large holders with 1,000 to 10,000 BTC in their wallets accumulated approximately $13 billion worth of the asset. Meanwhile, those with holdings ranging from 100 to 1,000 BTC shed their holdings by $7.89 billion. Independent from the impressive volume happening with #Bitcoin #ETF‘s, there has been a distinct flip in the level of $BTC ‘s supply being held by different sized wallets: 1K-10K $BTC wallets: $12.95B added in 2024 100-1K $BTC wallets: $7.89B dropped in 2024 (Cont) pic.twitter.com/BL7Mrj6kLq — Santiment (@santimentfeed) February 16, 2024 Such a trend of whales moving their stash away from centralized crypto exchange is usually a positive sign. Last week, Bitcoin whale wallets acquired over 100,000 BTC, estimated to be approximately $5 billion, in a span of just ten days alone. Historically, such accumulation points signal price appreciation. The latest whale movements come amid a market-wide rally spurred by the introduction of spot Bitcoin ETFs. Following their successful launch and the subsequent massive inflow, all eyes are on the Bitcoin halving, which is likely to occur in April this year. Hence, the transfer to custodial wallets may indicate the increased confidence of a price surge ahead of the fact. The post $1 Billion in Bitcoin Withdrawn From Coinbase, Bullish for BTC Price? appeared first on CryptoPotato.

5 days ago
Mbeyaconscious
Mbeyaconscious
followers

Exciting News: Binance to List Starknet (STRK)! 🚀 Get ready for some major crypto action because Binance is set to list Starknet (STRK) on February 20, 2024, at 13:00 (UTC)! This marks a significant milestone for the Starknet community and the crypto space as a whole. New Spot Trading Pairs: 🔄 - STRK/BTC - STRK/USDT - STRK/FDUSD - STRK/TRY Deposit Start Time: ⏰ Start depositing your STRK tokens on February 20, 2024, at 12:00 (UTC) to gear up for the trading frenzy ahead. Don't miss out on the chance to be among the first to participate in the action-packed trading experience. Listing Fee: 💰 Binance is making it even better by charging 0 BNB as the listing fee for STRK. That's right, zero fees! Withdrawal Open Time: 🎉 Withdrawal for STRK will open on February 21, 2024, at 13:00 (UTC). So, you can trade with peace of mind knowing that you have the flexibility to withdraw your tokens whenever you need to. What is Starknet (STRK)? ℹ️ Starknet is a permissionless, validity-rollup, also known as a zero-knowledge rollup (ZK rollup) for the Ethereum network. It's paving the way for innovation and scalability in the blockchain space. Risk Reminder: ⚠️ Exercise caution and manage your risks wisely. STRK may experience higher price volatility due to its relatively new status. Make sure to conduct thorough research and understand the fundamentals of the project before diving into trading. Seed Tag: 🌱 STRK will be adorned with the prestigious Seed Tag, symbolizing its innovative nature and potential for growth. Keep an eye out for this tag as it signifies tokens with higher volatility and risks. Quizzes and Terms of Use: 📝 To trade tokens with the Seed Tag, users will need to pass corresponding quizzes every 90 days on Binance Spot and/or Binance Margin platforms and accept the Terms of Use. These quizzes serve as a reminder of the risks involved and ensure that users are well-informed traders. Get ready to embark on an exhilarating trading journey with (STRK) on Binance! #Write2Earn #PIXEL #strk

6 days ago
Crypto
ETH
ZKBase(ZKB)

$0.08

0%

Market Cap
15.91m
 

0%

Volume (24h)
2.69m
 

6962.37%

Released on 07 Jan 2021
AZCoinNews
AZCoinNews
followers

Binance, the world’s leading cryptocurrency exchange, has announced that it will list Starknet (STRK), the native token of the Starknet network, on its platform. The listing will enable users to trade STRK with four different pairs: STRK/BTC, STRK/USDT, STRK/FDUSD and STRK/TRY. The trading will start at 2024-02-20 13:00 (UTC), while the depositing will open at 2024-02-20 12:00 (UTC). The withdrawal will be available at 2024-02-21 13:00 (UTC). Starknet is a groundbreaking project that aims to bring the benefits of Ethereum to a wider audience, by offering a secure and scalable solution based on STARK technology. STARKs are a form of zero-knowledge proofs that can verify large computations off-chain, and then send them on-chain in a compact and efficient way. This allows Starknet to overcome the limitations of Ethereum’s throughput and gas fees, while maintaining its high level of security and decentralization. Starknet is not just a single application, but a whole ecosystem of developers, users, and partners that are building the future of decentralized finance (DeFi) on top of it. With the Starknet Stack, which consists of several layers of protocols and tools, Starknet enables anyone to create and deploy scalable and secure smart contracts, dApps, and tokens on its network. Some of the notable projects that are already using Starknet include DyDx, Immutable X, and DeversiFi. Source: https://azcoinnews.com/binance-announces-listing-of-starknet-strk-the-most-decentralized-rollup-stack.html

6 days ago
Cryptopolitan
Cryptopolitan
followers

In a swift and unprecedented move, a crypto whale has amassed a staggering 54,721 Ethereum (ETH), valued at $154.4 million, within just 32 hours. The sudden accumulation, first detected by blockchain tracker Lookonchain, has raised eyebrows across the cryptocurrency community. speculations abound regarding the identity of the mysterious entity behind this substantial transaction. Ethereum acquisition mystery The blockchain analytics firm Lookonchain brought attention to the rapid accumulation of Ethereum, shedding light on an unknown entity’s withdrawal of 54,721 ETH from popular cryptocurrency exchange Binance and various decentralized exchanges (DEXes).  1/ In the past 32 hours, someone bought a total of 54,721 $ETH ($154.4M) from #Binance and #DEX.Who is this guy? Could be #JustinSun?Let’s dig deeper.👇 pic.twitter.com/6yh4GRZnws — Lookonchain (@lookonchain) February 19, 2024 This significant movement, occurring within such a short timeframe, has triggered speculation about the intentions and identity of the crypto whale involved. Justin Sun connection sparks speculation Among the swirling conjectures, one prominent theory points towards Justin Sun, the founder of Tron and an advisor to the crypto exchange HTX. Lookonchain hinted at a potential connection by noting that the address associated with the massive Ethereum withdrawal could be linked to Sun.  The firm pointed out previous transactions involving significant sums of USDT, suggesting a pattern consistent with Sun’s financial activities. HTX-Binance transactions Fuel speculation on wallet identity Lookonchain’s analysis revealed a series of transactions indicating a flow of funds between HTX and Binance, originating from the same wallet address. The firm highlighted a notable coincidence where large withdrawals from HTX corresponded with substantial deposits into Binance, further fueling speculation about the identity behind the wallet address “TWGHNc.” While Lookonchain emphasized that the association with Justin Sun remains speculative, the patterns observed on-chain raise intriguing questions about the nature of the transactions.

6 days ago
AZCoinNews
AZCoinNews
followers

Coinbase, one of the largest and most popular cryptocurrency exchanges in the world, witnessed a massive outflow of Bitcoin from its platform on Tuesday, February 20, 2024. According to data from CryptoQuant, a blockchain analytics firm, more than 18,000 BTC, worth nearly US$1 billion at the time of writing, were transferred from Coinbase to multiple new addresses. The average value of each new wallet was around $55 million, with some holding as much as $171 million. This huge withdrawal of Bitcoin from Coinbase reduced its confirmed reserve of the digital currency to the lowest level since 2017, when the price of Bitcoin reached its previous all-time high of around $20,000. As of now, Coinbase’s public order book holds around 394,000 Bitcoins, valued at more than $20.5 billion. The identity and motive of the entities behind this move are not clear, but some speculate that they could be “whales” – large holders of Bitcoin who can influence the market with their actions. Some analysts suggest that this could be a sign of bullish sentiment, as whales may be moving their funds to cold storage or other platforms for long-term holding or trading. Others, however, warn that this could also indicate a potential sell-off, as whales may be looking to cash out their profits or diversify their portfolio amid the recent volatility and regulatory uncertainty in the crypto space. Source: https://azcoinnews.com/coinbase-loses-nearly-us1-billion-in-bitcoin-as-whales-move-funds.html

6 days ago

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