Profit – DIGIT INFO

Ethereum Faces Resistance Amidst Market Gains: Justin Sun’s Activity And ETF Launch Awaited

Despite a 2.5% gain today, Ethereum is grappling with formidable resistance levels, particularly in the range of $3,170 to $3,270. This resistance zone is significant, as it is backed by 1.63 million addresses holding a collective 4.45 million ETH. #Ethereum encounters strong resistance between $3,170 and $3,270, with 1.63 million addresses holding 4.45 million $ETH. Breaking past this barrier could propel #ETH toward $3,650! pic.twitter.com/Ko74nHdpTj — Ali (@ali_charts) April 23, 2024 Surpassing this hurdle could potentially propel ETH towards the $3,650 mark, offering traders and investors a bullish outlook. Currently, Ethereum is trading at $3,253, reflecting the ongoing battle between

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MakerDAO’s $MKR Faces Decline As Whales Make Moves

MakerDAO’s native token $MKR has experienced a 4% decline in the past 24 hours and a 6% drop over the course of the last 7 days, signaling a challenging period for the cryptocurrency. Recent on-chain reports reveal that MakerDAO Multisign 0xbba has deposited 421.985 MKR, equivalent to $1.29 million, to Wintermute Trading OTC at a price of $3,046 before the price downturn. This deposit adds to the multisign’s overall activity, which has seen 9,043 MKR deposited to Wintermute Trading OTC at an average price of $3,291, totaling $29.76 million, since the price surge on March 17, 2024. Multisign 0xbba, likely

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GMT Token Shows Signs Of Recovery After Recent Downtrend

The GMT token, which has experienced a bearish trend across all timeframes, showed signs of a potential recovery today with a 4% increase, bringing its current trading price to $0.238. This slight uptick follows a period of decline, indicating a possible shift in market sentiment. Notably, a significant development occurred yesterday when an early investor or contributor identified as 0x8b3…e62b0 recharged 30 million GMT tokens on Binance, amounting to $6.79 million US dollars. This move comes on the heels of the distribution of 18 million tokens received by the same address from the StepN TokenTimeLock contract a week ago when

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Significant Deposit To Coinbase Amidst OMNI Network Token Decline

The OMNI network token has experienced a substantial decline in value today, shedding 32% of its market value, prompting attention to recent on-chain activity involving a notable address associated with the $ONDO project party. According to reports from on-chain analytics, an address linked to the $ONDO project deposited 200,000 $OMNI tokens into Coinbase just a few hours ago, amounting to approximately US$6.65 million. This address is believed to be affiliated with an early investment institution that holds interests in both the Ondo and Omni projects. Remarkably, this address received a distribution of 200,000 tokens from the $OMNI project only 18

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Render Network Wallet Activity Sparks Speculation Amidst Token Unlock

Recent activity from Wallet 0x4f5, suspected to belong to Render Network, has caught the attention of market observers, raising speculation about the project’s intentions amidst a scheduled token unlock. In a series of transactions, the wallet deposited a substantial amount of 1.35 million RNDR tokens (valued at $10.98 million) to Binance, with an average price of $8.13 over the past few hours. Notably, just five hours prior, the wallet received 2.5 million RNDR tokens from Render Network’s wallets, valued at $20.79 million, at a slightly higher price of $8.316 per token. Intriguingly, the wallet has since deposited 1.652 million RNDR

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Bitcoin Realized Profit/Loss Ratio Drops Below 1 As Whales Stay On Sidelines Despite ETF Approvals

The Bitcoin Realized Profit/Loss Ratio has dipped below 1, signaling that investors are currently experiencing more losses than profits. This trend, observed over the past six months, historically suggests a potential local bottom for Bitcoin ($BTC). The #Bitcoin Realized Profit/Loss Ratio has fallen below 1, suggesting that investors are currently realizing more losses than profits. Historically, this trend has indicated a local bottom for $BTC over the past six months. pic.twitter.com/5GgZ63XV68 — Ali (@ali_charts) April 14, 2024 In a significant development for the cryptocurrency market, China Asset Management, Bosera Capital, HashKey Capital Limited, and Harvest Global Investments have received approval

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Pendle Token Sees 7% Decline Following All-Time High, On-Chain Activity Reflects Positive Sentiment

Pendle, the decentralized finance (DeFi) token, experienced a notable decline of over 7% today, following a surge to an all-time high of $7.5 yesterday. The token is currently trading at $6.69, reflecting a correction after the recent price rally. Despite the decline in price, on-chain activity indicates positive sentiment surrounding Pendle. Reports suggest that Pendle Real Fire Institutions are actively participating in Pendle liquidity provision (LP) to enhance pledge income. Notably, Distributed Capital recently transferred 7,000 ETH from Binance and allocated all of them to the Pendle $ezETH pool, providing liquidity with a value of $24.56 million. Pendle 实火🔥机构也在参与 Pendle

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Bitcoin Rebounds To $70K Despite Negative CPI Report

Bitcoin has surged back to the $70K mark, marking a significant rebound, even amidst a negative US Consumer Price Index (CPI) report indicating a 3.5% inflation rise in March. This unexpected inflation increase initially led to a drop in equities markets, but the crypto markets displayed resilience, recovering well after Bitcoin briefly dipped to $67.5K just before the CPI results were announced. 🇺🇸💸 The US #ConsumerPriceIndex report has come out, revealing that there was a 3.5% #inflation rise in March. This higher than expected result has dropped #equities markets, but #crypto markets have recovered quite fine after #Bitcoin initially dropped

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Maker Protocol’s Governance Token (MKR) Experiences Decline, Yet Whales and Institutions Accumulate Amidst Dip

Over the past day, the governance token of the Maker Protocol, MKR, has faced a downturn, with its value dropping by up to 8%. On the weekly chart, the decline extends to 13%. Despite this bearish trend, insights from Spotonchain, an on-chain data tracking platform, shed light on an interesting development: whales and institutions are seizing the opportunity to accumulate MKR during the dip. According to Spotonchain’s reports, a notable surge in accumulation activity has been observed. Thirteen fresh wallets withdrew a substantial amount of MKR, totaling 13,560 tokens valued at $47.8 million, from Binance over the past week. Impressively,

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Ethena Surges To New All-Time Highs Amidst Strong Investor Interest

Ethena, a crypto-native solution built on the Ethereum blockchain, continues to impress as it achieves new all-time highs, reaching $1.497 with a remarkable 15% gain today alone. In a flurry of recent activity, two Wintermute addresses received a substantial amount of ENA tokens from the Ethena project, totaling 8.43 million ENA, valued at $10.3 million. Wintermute, holding 21.82 million ENA and 10 million USDe tokens, stands out as the largest on-chain token holder among the three major ENA market makers. A whale withdrew 6 million $ENA (~ $8.58 million) from Binance and staked all of them just 1 hour ago.

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