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Recent data from @santimentfeed highlights Litecoin’s prominent position in the cryptocurrency world, particularly regarding the number of non-empty wallets. This trend underscores strong investor trust and the stability of LTC. Litecoin continues to stand out in the cryptocurrency world, particularly in terms of the number of non-empty wallets, indicating strong investor trust and stability. Source, … Read more
In August, the cryptocurrency market is set to see the unlocking of nearly $1.5 billion worth of tokens. This includes a significant release of 1 billion $XRP tokens, valued at $609 million, by Ripple on August 1. Additionally, Avalanche (AVAX) and Wormhole are scheduled to unlock a combined $449 million, with Wormhole releasing 600 million … Read more
In the past three weeks, Ethereum’s open interest has surged by approximately $1.5 billion, signaling increased activity in leveraged trading and accompanying volatility. On-chain reports reveal that a major whale deposited 25,800 ETH, valued at $87 million, into Binance today. #Ethereum Open Interest data has increased by approximately $1.5 billion in the last 3 weeks … Read more
On July 23, 2024, Base experienced an unprecedented surge in activity, cementing its position as a leader in the Layer 2 (L2) ecosystem. The network surpassed a remarkable milestone of over 1 million active addresses, significantly outpacing its competitors Arbitrum and Optimism, which recorded 557,273 and 358,791 active addresses respectively. Base also led in transaction … Read more
The stablecoin economy is experiencing renewed growth. Over the past week, the market capitalization of all stablecoins increased by $1.52 billion. The growth over the past seven days was primarily driven by tether (USDT), the largest stablecoin by market valuation, with its supply expanding by 1.2 billion coins. Stablecoin Economy Sees Growth Again Over the … Read more
A wallet associated with Polychain Capital recently made a notable deposit of 1.71 million PENDLE tokens (valued at $6.97 million) to Binance, occurring nine hours ago. This movement follows an earlier withdrawal of the same amount from Binance, valued at $11.4 million, between April 6 and April 22. Should the tokens be sold at the … Read more
Bitcoin prices have rebounded strongly, soaring above $68,000 and sparking a surge in perpetual futures activity. This significant appreciation in price has provided much-needed relief for the Short-Term Holder cohort, with 75% of their coins now held in profit. #Bitcoin prices have rebounded strongly, rallying over $68k and catalyzing an uptick in perpetual futures activity. … Read more
The Solana ecosystem has witnessed a remarkable surge in activity over the past 24 hours, with over 1.3 million active wallet interactions recorded. This represents a 36% increase in wallet interactions, highlighting the growing engagement within the Solana network. Additionally, 352,000 new wallets have been added in the last seven days, further indicating the ecosystem’s … Read more
Data from Crypto AI has highlighted four tokens considered “Gems by Smart DEX Traders” as they near the price range where these traders have been accumulating: MKR, ONDO, TAO, and INJ. 1. MKR: Over the past seven days, MKR has seen an accumulated volume of $614.7K, with traders buying at an average price of $2.76K. … Read more
In mid-July, the Altcoin Season Index (ASI) available on blockchaincenter.net began to rise, reaching a high of 46 and nearing the significant threshold of 75. Since then, however, the ASI score has dropped to 24, indicating that a period of increased gains for alternative cryptocurrencies is now more distant. Bitcoin Outperforms Altcoins as ASI Score … Read more
