The ERC404 token Pandora, which initially captured significant attention with a remarkable 300% surge in value over the span of a month, faced a setback in its price trajectory but is now attracting investors once again. Following a recent decline in its price, which resulted in a 30% loss over the past 7 days, on-chain reports suggested that investors might have been capitalizing on profits through substantial sell-offs. Decline In Ethereum-Based ERC-404 Tokens Sparks Whales’ Interest, PANDORA Gets Investor’s Interest However, the token has seen renewed accumulation, as indicated by on-chain data from Lookonchain. A significant whale made a notable
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DWF Labs, a prominent player in the cryptocurrency market-making sphere, continues to draw industry attention with its ongoing investments in altcoins. The latest development from DWF Labs involves a significant 7-figure strategic investment in the cryptocurrency Altcoin, PROM, signaling confidence and interest in the project’s potential. We are thrilled to announce our latest strategic 7-figure investment in @prom_io 🚀 This partnership marks a significant milestone, as we join forces with Prom, a pioneer in the Web3 gaming sector. Together, we’re set to revolutionise the gaming world, combining Prom’s… pic.twitter.com/EfGH9Gbe11 — DWF Labs (@DWFLabs) February 21, 2024 The investment initiative saw
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Ethereum, the second-largest cryptocurrency by market capitalization, surged close to the $3000 mark in the last 24 hours, peaking at $2983. On-chain reports reveal a trend of significant accumulation among Ethereum whales, indicating growing interest and confidence in the digital asset. According to on-chain data, Galaxy Digital, a prominent player in the cryptocurrency space, withdrew 26,000 ETH valued at $76.2 million from Coinbase Prime and Binance within the past 12 hours. Another whale engaged in strategic trading maneuvers, borrowing 130 WBTC worth $6.73 million from Aave and exchanging it for 2,323 ETH. On-chain data shows that #GalaxyDigital withdrew 26K $ETH($76.2M)
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Since the resurgence of the markets in mid-October 2023, numerous cryptocurrency assets have witnessed substantial profits, aligning with the average trade returns. This trend has predominantly favored wallets over a medium to long term horizon, signaling widespread profitability across various projects. 🧮 Based on average trading returns, many assets have seen understandably high profits since markets began booming all the way back in mid-October, 2023. Outside of a few lagging #altcoins, the vast majority of #crypto projects have generated profits for the average (Cont) 👇 pic.twitter.com/ziKhzmcz1v — Santiment (@santimentfeed) February 20, 2024 While these gains reflect positive market sentiment, they
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