In recent days, the price of the $AUCTION token has experienced some wild swings. Just this morning, the value of the token hit a new high of $68 before nosediving back down to $45. If you look closely at what’s been happening in the $AUCTION market, though, it seems that these almost ‘tokenomics-defined’ price movements are the result of some good old-fashioned whale and institutional activity. Notably, a few really big players seem to be behind the price surges and steep declines that have already left a number of investors reeling. Whale Withdrawals and Market Impact: A Strategic Play One
The post Whale Activity and Market Manipulation Drive $AUCTION Price Volatility appeared first on The Merkle News.
]]>The price of $AUCTION has seen a remarkable rebound over the last month, going against the overall trend in the cryptocurrency market. It started as a modest $8.4 per token just a few weeks ago but has now skyrocketed to $26.4. That marks a breathtaking increase of 214%. This upsurge has drawn the attention of many in the crypto sphere, with inquiries as to what could possibly be fueling this incredible growth. Of course, in a market as dynamic as this one, lots of different factors could be at play, but recent data seem to suggest that some intense whale
The post $AUCTION Surges 214%, Driven by Whale Activity and Binance Withdrawals appeared first on The Merkle News.
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Investors who purchased NFTs just a few years ago may have reason to regret their decision.
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One satoshi is currently worth $0.00065 — but some sats hold inherent “collectible value” in the Bitcoin ecosystem, cryptocurrency exchange CoinEx Global explained.
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The original scrawled sign was auctioned off by “Bitcoin Sign Guy” Christian Langalis for 16 BTC after apparently sitting in his sock drawer for years.
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Bankrupt cryptocurrency exchange FTX is preparing to offload more of its locked Solana (SOL) tokens through an auction, diverging from its previous method of selling at a set price, as announced by Mike Cagney of Figure Markets. This decision follows FTX’s recent sales of SOL tokens, amounting to approximately $1.9 billion and $2.6 billion in […]
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Sotheby’s new generative art program will record all of its sales exclusively on the Ethereum blockchain.
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Su Zhu and Kyle Davies originally purchased ‘The Goose’ digital artwork in August 2021 for roughly $5.8 million in Ether.
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The luxury auction house has developed a fully on-chain sales system where users can purchase curated NFTs on the Ethereum and Polygon networks.
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Among the pieces being auctioned include a zombie CryptoPunk and Autoglyphs from Larva Labs as well as Dmitri Cherniak’s artwork ‘The Golden Goose’.
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