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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 … Read more
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. … Read more
Bitcoin’s price witnessed a significant surge in the early hours of the week, surpassing the $72.6K mark for the first time since March 14th. This surge brings the leading cryptocurrency tantalizingly close to its previous all-time high, with the crowd attributing much of this rise to the imminent halving event. With the highly anticipated halving … Read more
In the past 24 hours, the price of Ethena ($ENA) has experienced a significant surge, surpassing the $1 milestone and climbing over 11% to reach an all-time high of $1.341. Recent on-chain reports suggest a growing trend of whale accumulation of the token, indicating heightened investor interest. Whale 0x4f6 made headlines by withdrawing a substantial … Read more
Renowned cryptocurrency investor Arthur Hayes has reportedly divested his holdings in GMX, marking the end of his two-year tenure as the coin’s largest holder. In the past 24 hours, trading volume for $GMX has surged significantly, soaring by over 400%. However, market data suggests that selling pressure outweighs buying sentiment, resulting in an 8% decline … Read more
Throughout this week, while bitcoin and ethereum have been consolidating, vibrant discussions about the elusive ‘Altcoin Season’ have intensified across forums and social media platforms like X. Some anticipate that a rally among altcoins is on the horizon, even though the Altcoin Season Index still suggests it is “not Altcoin Season.” Altcoin Season Index Inches … Read more
OKX, a leading centralized trading platform, has announced the listing of the Zeus Network token ZEUS, marking the inaugural project of the Jupiter LFG Launchpad. This move opens up the ZEUS/USDT trading pair, providing traders with an opportunity to engage with this exciting new token. The Zeus Network is a groundbreaking permissionless layer that seamlessly … Read more
Pendle, the cryptocurrency facilitating future yield tokenization and trading, has captured significant attention in the market as its price surged by 9% at press time. This uptick in price reflects the growing interest and confidence in Pendle’s potential within the cryptocurrency space. Data from DefiLlama reveals an impressive trajectory for Pendle’s Total Value Locked (TVL), … Read more
The native token of the dydx chain, $DYDX, has encountered a notable bearish trend over the past month, with losses amounting to 19% in the last 30 days and a further 11% decline over the past week. Recent reports shed light on significant whale activity surrounding $DYDX, particularly involving the renowned Amber Group. An eye-catching … Read more
Despite the prevailing bearish sentiment across the cryptocurrency market, Litecoin (LTC) has emerged as a standout performer, surging by 8.9% in the past 24 hours. This impressive rally has propelled LTC ahead of its altcoin counterparts, fueled by a notable increase in transaction volume observed over the past month. ⚡️📈 #Litecoin (+8.9%) is well ahead … Read more
