TronWeekly

Crypto World News

You are here: Home / Search for "whale"

Search Results for: whale

Shiba Inu Surrenders To Profit-Taking As Inflows Swell Over 2200%

by

Large-scale holders have made Shiba Inu their abode as the token’s capital inflows have shot up by 2200% in the past seven days. Prominent analytics platform IntoTheBlock’s data revealed stunning growth based on the study of funds flowing into addresses belonging to whales or large holders on a weekly, monthly, or yearly basis.

Typically, investors hold between 0.1% and 1% of the circulating supply of a cryptocurrency, while whales typically own more than 1%. Therefore, a sharp increase in major holders’ Inflows may be a sign of active buying. This may be the case given that many of these addresses make purchases on centralized exchanges before transferring them into cold storage.

In addition to that, as these addresses have a tendency to purchase in huge quantities after significant price reductions, spikes in large-holder inflows can also indicate market bottoms. It is crucial to be aware of the outflows from these locations since entities routinely withdraw money they recently acquired for commercial purposes.

Given that SHIB’s price has hastily retraced after a recent high, profit-taking might be the culprit behind the decline. For the first time since May 2023, the price of Shiba Inu surpassed the crucial $0.000095 threshold. After Binance stated that SHIB was a recognized collateral asset for loans on the exchange, the price increased.

Shiba Inu’s Mounting Sell Orders

The crypto exchange’s approval of SHIB as a collateral asset has triggered a bullish market reaction. But some strategic traders appear to be seeking out short-term profit opportunities behind the scenes.

Shiba Inu bears have begun erecting sell-walls, according to a more thorough study of IntoTheBlock’s Exchange On-chain Market Depth chart. The bears have placed active orders to sell 1.5 trillion SHIB tokens, as seen below in bold. This has already surpassed the 1.4 trillion SHIB purchase orders from buyers, which is concerning.

image 15
Shiba Inu Surrenders To Profit-Taking As Inflows Swell Over 2200% 2

The Exchange On-chain Market Depth statistic displays the aggregate purchase and sell orders that traders have recently placed across reputable cryptocurrency exchanges at the current price distribution. As was mentioned earlier, there is a chance that bears will dump a significant amount of SHIB once the ongoing rally reaches a euphoric top.

The price trajectory of SHIB is still mostly bullish overall. However, cautious stop-losses will be used by strategic investors to lessen the impact of any potential flash price correction.

Binance and Ripple Or Newly-launched Tradecurve – Which One Will Give Better Returns?

by

The market seems to be regaining its bullish outlook. Therefore, whales are actively looking for projects that can help them gain profits. Binance (BNB), Ripple (XRP), and Tradecurve are the three profit-generating cryptocurrencies at present. However, of them, Tradecurve is undoubtedly the most profitable one.

According to analysts, this new project can rise by 10000% in the next six months. In this article, we will see what makes TCRV a more profitable and desirable cryptocurrency than BTC and XRP.

>>Register For The Tradecurve Presale<<

Binance (BNB) Invests $15 Million In Xterio

Although the overall market conditions seem bearish for BNB, Binance is trying to improve its market standings. Binance’s (BNB) incubation arm has provided funding support to Xterio, a blockchain game publisher.

According to the official announcement, Binance (BNB) will invest $15 million into Xterio for game and technology development. Earlier, Binance (BNB) had invested in another game studio, Gomble. Meanwhile, the exchange rate of Binance (BNB) has increased by 6% in the past seven days. Subsequently, Binance (BNB) is changing hands at $250.07.

On the sidelines, some reports have revealed that Binance (BNB) has laid off more than 1000 employees in the last few days. 

Major Crypto Exchanges Relist Ripple (XRP)

The verdict in the lawsuit between SEC and Ripple has brought positive developments to the XRP ecosystem. After the court ruled in favor of Ripple, several crypto exchanges relisted XRP. Notably, major crypto exchanges, including Coinbase and Kraken, had earlier delisted Ripple (XRP) due to the lawsuit.

However, the court’s ruling, which states Ripple (XRP) is not a security, has prompted them to relist the token. The news of relisting has resulted in buying pressure for Ripple (XRP). Subsequently, the trading price of Ripple (XRP) has surged by 58% on the 7-day chart. At present, a Ripple (XRP) token is available to trade at $0.74.

Comparing Tradecurve’s Presale Surge with Long-Standing Binance (BNB) and Ripple (XRP) – A New Age of Profitability

In an evolving market where Binance (BNB) continues to invest in technological growth and Ripple (XRP) celebrates its recent relisting, Tradecurve’s stunning 50x presale surge has caught the eye of analysts and investors alike. 

Tradecurve is a Web3-powered trading exchange that has brought cryptocurrencies, and other derivatives on a single platform. It is a decentralized cross-chain network that resolves major issues, such as limited transparency, high transaction fees, and lack of investment options. Since the number of crypto owners is likely to reach 1 billion in the next four years, the demand for the new exchange can reach the sky. 

Its innovative and unique business roadmap facilitates the online trading of several digital assets, like stocks, forex, and cryptocurrencies. The platform allows traders to deposit any cryptocurrency as collateral, and start trading without relying on fiat payments. 

This trading exchange ensures that users’ privacy is protected through DeFi capabilities. It has not incorporated any KYC checks, becoming more privacy-focused than other platforms like KuCoin and Coinbase, where users need to submit their sensitive data.

Holders of TCRV tokens will be receiving bonuses on their trades, and discounts on subscription fees for AI trading bots and transaction fees. They can yield further by staking their tokens to the platform’s liquidity pool. Traders can also use the tokens to upgrade their accounts to VIP status to receive more benefits. 

The presale of the platform has generated big waves in the crypto world due to its value proposition and multiple use cases. Hence, the price of a token, which is currently $0.025, is predicted to rise by 5000% during its presale phase. Its presale is currently in the fifth stage.

For more information about the Tradecurve (TCRV) presale:

Website: https://tradecurve.io/ 

Buy presale: https://app.tradecurve.io/sign-up 

Twitter: https://twitter.com/Tradecurveapp 

Telegram: https://t.me/tradecurve_official

Justin Sun-Backed Huobi’s Days Numbered? Troubling Links Unmasked

by

Crypto exchange Huobi is facing insolvency rumors as a result of $64 million in outflows on Aug. 5 and 6, following news that the company’s top executives are being investigated by Chinese authorities. The trading platform’s TVL has fallen by 20% as a result, going from $3.09 billion to $2.5 billion as of this writing.

Over the past two weeks, Huobi has lost at least one C-level executive, though it is unknown if the resignation is related to the Chinese probe. Then, on August 4, allegations surfaced claiming that one of its high-level execs had been detained in China as a result of the exchange’s alleged links with gambling firms.

Huobi representatives, on the other hand, have categorically disputed the accusations, calling them fake news and asserting that the exchange is “currently doing well.” Justin Sun, the founder of the TRON blockchain and the key adviser of the Seychelles-based trading platform, also released official remarks denouncing the rumors as “FUD.”

Adam Cochran, a crypto analyst and investor at Cinneamhain Ventures, originally made the doomsday predictions, stating that Huobi is “deeply insolvent” [based on statistics on USDT volumes on the exchange’s balance]. He said that the exchange’s balance is ten times lower than its client obligations and that it is steadily declining.

In addition, Cochran charged the TRON founder with fund embezzlement for allegedly supporting his other defi apps and providing a yield to encourage users to make additional deposits.

image 14 1
Justin Sun-Backed Huobi's Days Numbered? Troubling Links Unmasked 4

“Justin Sun Prop Up DeFi Apps To Attract Huobi Deposits”

Just is using the same assets in Huobi, JustLend, Poloniex, and his other apps to enrich himself, and hoping users don’t withdraw or are not informed enough to hear of the issues. So users *think* they have balances of $631M, but there is only $90M there. The rest Justin Sun is using to prop up his other defi apps, and paying a yield on it to get users to deposit more into Huobi.

The analyst further argued that even Binance has resorted to selling Tether as a result of recognizing that Sun doesn’t actually have the USDT he claims to, and if users find out, they might mass dump to get off of his exchange.

“When Binance heard that Huobi/Tron employees were being investigated in relation to actions at the exchange, they started slamming the 3CRV USDT sell into DAI to mitigate their risk. Because Huobi is deeply insolvent.”

Chainlink’s Summer Surge: Development Spikes & GitHub Partnership Boost

by

Santiment, a prominent cryptocurrency analytics platform, has taken to Twitter to share some intriguing insights regarding Chainlink’s development activity on GitHub. According to their tweet, the network has witnessed a significant surge in its GitHub development activity during the course of this summer. This surge in activity has propelled the cryptocurrency to secure a coveted position among the top 5 most frequently developed digital assets.

Additionally, a significant observation e­merged regarding influe­ntial investors, commonly referre­d to as “whales” and “sharks,” denoting individuals or entitie­s with substantial holdings of the cryptocurrency. 

The re­port revealed that a group of high-stake­s investors, holding anywhere from 100,000 to 10 million LINK toke­ns, has recently accumulated the­ largest number of coins since De­cember 2022. This growing trend among promine­nt individuals within the Chainlink ecosystem indicate­s a potential shift in investor sentime­nt and overall market dynamics.

Chainlink Labs & GitHub Unite For Startups

A couple of days ago, Chainlink Labs, the­ driving force behind the network’s innovative We­b3 services platform, forged a strate­gic partnership with GitHub. GitHub, recognized as the­ world’s leading AI-powered de­veloper platform, boasts an impressive­ user base consisting of over 100 million de­velopers and 4 million organizations. This includes se­veral Fortune 100 companies.

This collaboration aims to support sele­ct startups enrolled in the Chainlink BUILD program. It provide­s them with exclusive acce­ss to GitHub’s platform, specialized education, and the­ opportunity to become part of a thriving global startup community.

Garrett Wood, Senior Manager of Startup Programs at GitHub, expressed enthusiasm for the partnership:

“We’re excited to partner with Chainlink Labs to help support Chainlink BUILD members with enhanced access to GitHub Enterprise, networking events, technical resources, and more. Together, we will empower developers to craft cutting-edge solutions.”

The Chainlink BUILD program plays a crucial role­ in supporting the growth of Web3 projects. It provide­s these projects with e­nhanced access to Chainlink’s industry-leading We­b3 services, technical e­xpertise, and priority support within the network’s e­cosystem.

GitHub’s resource­s will enhance the ability of program participants to se­curely and efficiently cre­ate and expand their We­b3 applications. 

This collaboration signifies a significant advance­ment for the network’s ecosyste­m. It highlights the alignment betwe­en GitHub’s dedication to secure­ and scalable software deve­lopment and the robust, dece­ntralized foundation of Web3.

The partne­rship between the­se platforms combines their stre­ngths, paving the way for secure and scalable­ decentralized applications that have­ the potential to shape various industrie­s in the future.

Related Reading | Ripple Wins Legal Battle Against a16z Over XRP Status

Santiment Reveals 15,870 Bitcoin Addresses Holding 100 BTC Or More

by

Santiment, a prominent crypto data provider, took to Twitter to share intriguing insights about Bitcoin’s distribution. According to their tweet, a staggering 15,870 Bitcoin addresses currently boast at least 100 BTC holdings each. 

These substantial holders, often referred to as “whales,” collectively possess a substantial 11.5 million BTC, which astonishingly constitutes more than half (59.2%) of the entire circulating supply. Impressively, their cumulative ownership has surged by 27,755 BTC over the past 12 weeks, underscoring their growing influence in the market.

Switching gears to market analysis, respected analyst Ali chimed in on Twitter with an observation that adds to the narrative of Bitcoin’s stability. Ali’s tweet highlighted that an impressive 55% of the circulating BTC supply has remained dormant for a span of two years. 

image 6 3

This data point underscores the resolve of long-term BTC holders who remain steadfast in their belief in the digital currency’s potential. Their unwavering commitment to HODLing is indeed a testament to their conviction in Bitcoin’s long-term viability.

Bulls Vs. Bears: BitQuant Breaks Down Bitcoin Price Scenarios

When delving into the realm of BTC price analysis, BitQuant, an enthusiast in the Bitcoin sphere, provided his perspective. BitQuant described the ongoing dichotomy between Bitcoin bulls and bears. The “bears” anticipate a market nosedive to a price of $12,000, holding onto their vision of a more affordable entry point. 

In contrast, the “bulls” are divided into two camps. Some envision a scenario reminiscent of the pre-halving peak witnessed in 2019, while others are more optimistic, foreseeing the possibility of new all-time highs.

For those who align with the notion of a 2019-like peak, BitQuant suggests a cautiously optimistic approach. He proposes that a potential ascent to the $60,000 mark could serve as a pivotal juncture to consider initiating selling strategies. While acknowledging that this strategy might not be ideal, it is presented as a rational and prudent option for those who prioritize a calculated and informed decision-making process.

Nevertheless, these recent Twitter insights provide a multifaceted view of the current state of the Bitcoin landscape. The prevalence of significant BTC holders, the steadfast commitment of long-term holders, and the diverse range of perspectives on price movement collectively contribute to the dynamic and ever-evolving nature of the cryptocurrency market.

Related Reading | Sui Price Dips, Is There a Recovery Soon? Trust Wallet Shows Green Signs on the Daily Charts, and Pomerdoge Upward Trajectory Continues

Massive 3 Trillion Shiba Inu Withdrawal Boosts Bullish Sentiment

by

In a surprising turn of events, the mysterious cryptocurrency Shiba Inu has experienced a significant token exodus from centralized crypto exchanges, according to notable crypto analyst Ali Martinez.

Martinez’s analysis reveals an astounding withdrawal of 3.30 trillion Shiba Inu (SHIB) tokens from established exchanges during July, amounting to an impressive $28 million in value.

To support his findings, Martinez references data from the renowned crypto intelligence firm Santiment, which presents a compelling market chart illustrating Shiba Inu’s trajectory on exchanges throughout the past month.

The market chart data indicates a substantial reduction in Shiba Inu’s circulating supply on exchanges, dropping from about 87 trillion tokens at the end of June to approximately 83.39 trillion tokens by the close of July.

Of particular significance is the massive withdrawal that occurred on July 19, when at least two trillion SHIB tokens were pulled from exchanges.

Historically, investors, especially prominent holders known as whales and sharks, have withdrawn their tokens from exchanges as part of a strategy to hold them for an extended period. These tokens are often moved to secure cold wallets, thereby reducing selling pressure and contributing to potential price appreciation. The massive outflow of SHIB tokens suggests that these investors may be pursuing a long-term holding (HODL) approach, signaling positive sentiments for the cryptocurrency.

Shiba Inu’s Resilient Price Performance

Despite the substantial withdrawals, Shiba Inu’s price performance remains resilient. Data from CoinMarketCap demonstrates the cryptocurrency’s positive trajectory over the past month, with its market capitalization poised to cross the $5 billion mark, a significant increase from below $4.5 billion in June.

Adding to the optimism, Santiment’s report identifies SHIB as an unexpected winner during a lackluster trading week. Crypto sharks and dolphins have accumulated around 1.1 trillion SHIB tokens, valued at $9 million, in just two months.

The significant token exodus and the cryptocurrency’s strong price performance have left market participants intrigued. As the crypto community closely monitors Shiba Inu’s developments, anticipation grows for potential further bullish trends that may shape its future in the dynamic world of digital assets.

Related Reading:| Shiba Inu Whale Activity Shoots Up To 200% Amidst Shibarium Buzz

Shiba Inu’s Shytoshi Kusama Reveals How BONE Will Trailblaze A New Era

by

With just a few weeks away from the launch of Shiba Inu’s layer-2 protocol mainnet version, co-founder and project lead Shytoshi Kusama has dropped a major update on the Shibarium’s governance token, BONE, in his latest blog.

Kusama disclosed the critical step that will firmly establish the operations of the impending Layer 2 blockchain as the meme token ecosystem races toward a new era. The team will mint the last of the BONE in the upcoming days and renounce the BONE contract to prevent any more minting from taking place.

This is a necessary step to starting our blockchain, as a significant portion of BONE is allocated to the first role in our upcoming system, VALIDATORS. Bone will also serve as your passport to the future, being the token DELEGATORS bury to get a portion of rewards, the GAS TOKEN FOR shipping, AND technology GOVERNANCE within our new system.

BONE will be utilized to reimburse gas transactions as well as a means of rewarding validators and delegators on the Shibarium protocol. So far, 230 million Bone tokens have been minted out of a total of 250 million. With the remaining 20 million, the validators and delegators will be rewarded for their contributions to the network.

Following the update, Bone ShibaSwap, which is more famously known by its ticker BONE, shot up by more than 4% [24 hours] and over 26% [weekly] to trade at $1.52.

Shiba Inu Is Off The Leash

The Shibarium-Ethereum bridge testnet’s latest debut coincided with the meme coin hitting a new milestone, continuing its steady upward trend. Bone received 2.8 million mentions in tweets, ranking highly in terms of social sentiment on crypto Twitter.

Meanwhile, Shiba Inu is off to a blistering start as the popular meme coin’s burn rate doubled in a span of just 24 hours. This has rekindled prospects for a potential price rally after this week’s successful breakout of an ascending triangle formation.

The subsequent volatility after the breakout served as a stimulus for Shiba Inu’s current momentum in terms of burn rate, which represents the rate at which tokens are permanently removed from circulation. This was initiated by SHIB community members to increase the value of the meme coin.

Cardano (ADA) Could Reach $7.80 In Next Crypto Boom: Expert

by

A prominent Cardano supporter and crypto expert, Dan Gambardello, has re­cently shared his bold prediction re­garding the future price of ADA, the­ native token of the Cardano blockchain.

Gambardello pre­dicted that ADA would reach a minimum of $7.80 during the ne­xt bull market cycle without providing specific re­asons for his forecast. However, he­ hinted at his positive outlook on cryptocurrencie­s in general, especially as traditional financial systems are failing.

He believes the real cryptocurrency bull market will start in about a year, expressing skepticism about the recent surge in Bitcoin and other coins, which some­ analysts attribute to the increasing adoption of digital asse­ts by institutional investors and mainstream companies.

To reach­ Gambardello’s target of $7.80, ADA would require­ an astonishing surge of almost 2,400% from its current price of approximate­ly $0.30. However, considering the­ inherent volatility and unpredictability of the­ crypto market, achieving this goal might be quite ambitious.

Factors Supporting Cardano’s Long-Term Potential

Gambardello’s pre­diction, although rooted in personal opinion and speculation, is supporte­d by several factors that indicate the­ potential growth and developme­nt of Cardano in the long term. Notably, ADA Whale previously revealed the confidence­ in a possible bull run for ADA.

Nonethe­less, they caution that such an upswing might not occur immediate­ly due to the time re­quired for the project to de­liver on its promises and vision.

Cardano is currently unde­rgoing a significant upgrade called Alonzo. The upgrade will bring smart contracts and decentralized applications (DApps) to compete with Ethereum, Binance Smart Chain, and Solana, which already have these features.

The late­st weekly report from Input Output Global (IOG), the­ company behind Cardano, highlights significant progress in the proje­ct’s development and innovation. An important update­, node v.8.1.2, was release­d this week, enhancing the­ Plutus interpreter within the­ its node.

Additionally, the Mithril protocol’s mainne­t beta has been launche­d, a significant milestone for the Cardano ne­twork. This layer-2 solution aims to improve the se­curity and scalability of its stake pools and decentralize­d identity (DID) system.

While Gambardello’s pre­diction of $7.80 may appear optimistic or unrealistic to some, it reflects the­ high expectations and hopes that many Cardano fans have for the future of their favorite blockchain platform.

Related Reading | Japan’s Crypto Revolution: Tax Reforms Pave The Way For Web3 Growth

Ripple Partners With FPC To Improve Global Payments With Crypto

by

Ripple has re­cently partnered with Faste­r Payments Council (FPC), an organization based in the Unite­d States that strives to advance faste­r payment systems nationwide. In the­ir joint effort, they have re­leased a white pape­r revealing the crypto and blockchain’s potential for global payments.

The white­ paper, titled “Transforming the Way Mone­y Moves,” presents findings from a surve­y conducted by the company behind XRP and FPC. The surve­y involved over 300 payment profe­ssionals from various sectors and regions.

According to the surve­y, a staggering 97% of respondents be­lieve that crypto and blockchain will bring about significant changes in cross-borde­r money transactions within the next thre­e years.

The white­ paper also showcases the advantage­s of cryptocurrency and blockchain technology in the re­alm of payments. These be­nefits encompass reduce­d costs, swifter transaction speeds, and e­nhanced transparency.

Furthermore, it acknowledge­s the existing obstacles and pote­ntial for widespread adoption, such as regulatory compliance­, interoperability issues, and e­ducational requirements.

Ripple pioneers cryptocurrency and blockchain for global transactions. Their On-Demand Liquidity (ODL) with XRP enables efficient transfers. Moreover, it has broadened its horizon to facilitate stable­coins and central bank digital currencies (CBDCs).

Ripple And FPC Collaboration For A Better Payment System

Ripple and FPC are­ both members of the US Faste­r Payments Task Force. This task force comprise­s various stakeholders dedicate­d to implementing a faster and more­ secure payment syste­m within the country.

By partnering with FPC, Ripple aims to le­verage its expe­rtise and vision to collaborate with othe­r influential leaders in the­ payment industry. Together, the­y seek to foster innovation and stre­ngthen collaboration within the industry.

Notably, FPC is an organization that repre­sents a wide range of payme­nt interests, including banks, fintech firms, me­rchants, consumers, regulators, and more. The partnership will actively contribute towards the­ir goal of advancing faster payments for all Americans.

Ripple and FPC share­ the belief that crypto and blockchain will shape­ the future of payments. The­y are fully committed to collaborating in order to turn this be­lief into reality.

As mentione­d in Ripple’s X post, they expre­ss their enthusiasm for further collaboration with FPC in driving aware­ness about how crypto can revolutionize faste­r payments for all individuals.

Related Reading | Bitcoin Cash Could Restart Rally To $300, Whales Turn to Arbitrum, Smart Investors Choose VC Spectra

Shiba Inu Emerges As Top Gainer Among Crypto Assets With Massive Accumulation Trend

by

Shiba Inu (SHIB) has captured the spotlight as it enters the list of top gainers among the 100 most considerable crypto assets over the past 24 hours. Since June, this bullish surge has come amidst a significant accumulation trend observed among shark and dolphin addresses in the SHIB ecosystem.

Leading crypto behavior analytics platform, Santiment, revealed shark and dolphin wallet addresses, holding 10 million to 1 billion SHIB, have accumulated a 1.11 trillion SHIB, currently valued at $9 million. The tweet contained an erroneous statement, suggesting these addresses held up to 100 billion SHIB.

The Journey Of Shiba Inu’s Accumulation Trend

The accumulation phenomenon began after a period of distribution when the price of Shiba Inu experienced fluctuations, dropping from the $0.00001 territory in mid-May. The decline led to a price range between $0.000008628 and $0.000009, sparking selloffs throughout the rest of May.

However, as the price of SHIB dipped below the $0.000008 threshold, it presented an opportunity for investors to accumulate the asset at discounted prices. This enticing prospect resulted in investors building up their holdings, marking the commencement of the accumulation spree in early June.

Despite further price drops, the buy-the-dip pattern persisted, with addresses amassing more SHIB tokens. Notably, the accumulation trend endured even as Shiba Inu’s price reached a record low of $0.00000543 on June 10, followed by a moderate recovery.

As a result of the sustained buying spree, addresses holding between 10 million and 1 billion Shiba Inu tokens now cumulatively possess a balance of 32.49 trillion SHIB, currently valued at a substantial $267 million.

Amid the ongoing accumulation, the market witnessed notable surges in large transactions on July 6 and mid-July, coinciding with price lows. Surprisingly, these whale transactions triggered remarkable comebacks, propelling SHIB to reach a high of $0.00000853 on July 15.

Shiba Inu’s Recent Performance

Subsequently, Shiba Inu experienced fluctuations below the July 15 high and remained consolidated below the $0.000008 price threshold until recently. Nevertheless, SHIB has demonstrated resilience against market bearishness, achieving significant gains while other assets trade flat.

SHIB exhibited a remarkable intraday gain of 4.73% yesterday, closing the day at $0.00000816. This marked the first time in nearly two weeks that the asset concluded above $0.000008 on the daily timeframe.

Shiba Inu is trading at $0.00000823, displaying a remarkable 5.52% surge over the past 24 hours and an impressive 4.97% gain over the last week. Consequently, SHIB is the fourth biggest gainer among the top 100 assets in the last 24 hours.

Related Reading: | Shiba Inu Price Forecast: Doubling the Value If Two Zeroes Are Eliminated