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The AI token, $FET, experienced a 6% decline in value today as it approached the $2 mark, reflecting ongoing outflows from wallets associated with the Fetch.ai Foundation. This movement in price coincided with significant deposit activity on Binance, shedding light on potential market dynamics influencing $FET’s performance. Wallet 0x633, linked to the Fetch.ai Foundation, recently … Read more
Excitement brews in the cryptocurrency community as Ethena experiences a notable 9% surge in value today. However, amidst this upward momentum, significant developments regarding token distribution and market dynamics have come to light. In a move to enhance token distribution and decentralization, Ethena has implemented a phased airdrop strategy. The top 2000 Ethena holders will … Read more
Memes might be the “most simplistic connection” between financialization, tokenization and culture, says Kain Warwick. Go to Source
Bitcoin Runes, the latest addition to the cryptocurrency landscape, has made significant strides since its official launch over a week ago. According to insights from coin98analytics, the platform has seen remarkable growth and activity across various metrics. As of now, there are a total of 52,925 Runes in circulation, with 48,578 currently open for etching. … Read more
Pendle has witnessed a substantial downturn, with a 16% decrease today and a 34% drop over the past week, bringing its price below the $5 threshold to $4.3. In a recent transaction, HashKey withdrew 178,126 PENDLE ($771K) from Binance at a price of $4.33, adding to their existing holding of 624,804 PENDLE ($2.71M). Known for … Read more
Ethereum network transaction fees have dropped to a noteworthy low of just $1.12 per transaction, marking the lowest average cost in a day since October 18th. This decline in fees reflects a broader trend in sentiment within the cryptocurrency market, where traders oscillate between bullish and bearish outlooks. 🤑 #Ethereum’s average fee level has dipped … Read more
Bitcoin’s recent surge to a new all-time high in daily transactions has been accompanied by the remarkable success of its latest innovation, Runes. Since its launch just one week ago, Runes has made waves in the cryptocurrency world, generating an impressive $135 million in network fees. The launch of Runes coincided with a significant milestone … Read more
The Synthetic protocol, represented by its native token $SNX, has experienced a notable decline of 41% over the past month. However, there’s a glimmer of optimism as the price of $SNX saw a modest 2% increase today. In a move that reflects confidence in the project’s long-term potential, Framework Ventures, a notable investor in Synthetix, … Read more
The cryptocurrency $ONDO has experienced a 2.5% decline in its price today, adding to a downward trend that has seen a 10% decrease over the past 30 days. Amidst this price movement, an interesting development has occurred involving a significant address in the $ONDO ecosystem. Address 0x5f13…4E7C2, which appears to be an early investor or … Read more
Over the past 90 days, while bitcoin has shown steady performance, 19 other cryptocurrencies have outpaced the leading digital asset in terms of price growth. However, the Altcoin Season Index, which measures the performance of these cryptocurrencies against bitcoin, has dropped from 59 to 39 since early April, signaling that an altcoin season is unlikely … Read more
