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TRON’s TRX Supply Decreases By 2.41 Billion Tokens Amid Deflationary Strategy

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TRON’s native cryptocurrency, TRX, has undergone a notable reduction in its circulating supply over the past year, dropping from 88.97 billion to 86.56 billion tokens. This decrease, amounting to -2.93%, equates to approximately $381.2 million in value. The decline is attributed to ongoing token burns and strategic mechanisms aimed at bolstering long-term value and scarcity. … Read more

Bitcoin Bull Market Drawdown Reaches -26% Amid Whale Accumulation And ETF Inflows

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The 2023-24 Bitcoin bull market has experienced a -26% drawdown on a closing basis, a figure consistent with prior uptrend cycles. Despite Bitcoin’s historical resilience, the recent correction marks the most significant decline since the FTX collapse, highlighting a particularly challenging period for market demand. However, larger stablecoin balances on exchanges have positively correlated with … Read more

Polymarket Achieves $600M In Volume Amidst Growing Popularity, But Only 12.7% Of Users See Profits

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Polymarket, a decentralized prediction markets platform, is gaining significant traction as a blockchain solution that promotes true transparency in data and information. In just the first nine days of October, the platform recorded an impressive $600 million in trading volume. Polymarket allows users to bet on the outcomes of real-world events, providing a unique way … Read more

$BRUME Token: A Rapidly Rising Star In The Crypto Space

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In the past 24 hours, $BRUME has seen a massive surge in popularity, recording the largest inflow of funds and securing the #4 spot among tokens accumulated by Smart Money investors. Both Smart Money and Smart Dex Traders have significantly boosted their holdings of this promising token, signaling confidence in its future. 🤔Will $BRUME Be … Read more

Wrapped Bitcoin ($WBTC) Dominates DeFi with Unprecedented Usage Across Lending, Yield Farming, And DEXs

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Wrapped Bitcoin ($WBTC) continues to assert its dominance in the DeFi ecosystem, with record-breaking usage across various DeFi platforms, including lending, yield farming, decentralized exchanges (DEXs), and derivatives markets. According to data from @intotheblock, WBTC has cemented its position as a critical asset in DeFi, with lending emerging as its most prominent use case. A … Read more

Bitcoin’s Bullish Turnaround: New Investor Influx Key To Sustained Growth

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Since early 2024, Bitcoin and Ethereum have experienced a decline in active addresses, a crucial metric for gauging market sentiment. For the bulls to regain control, an influx of new investors is essential. Current Market Snapshot: – Bitcoin active addresses: 1.17M (early 2024) → 855K – Ethereum active addresses: 382K (early 2024) → 312K Since … Read more

$DEGEN Surges 89.2% In 24 Hours, Dominating Smart Money Accumulation

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In the past 24 hours, $DEGEN has experienced an impressive 89.2% surge, making it the top token accumulated by smart money investors. The number of active $DEGEN addresses nearly doubled over the last week, reflecting a substantial increase in on-chain activity, aligned with its recent price spike. The number of active $DEGEN addresses nearly doubled … Read more

$3AC Sees Massive Accumulation By Smart Money, Profits Soar In Hours

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In a matter of hours, several wallets have made significant gains from the token $3AC, with profits exceeding $60,000 per wallet. Many of these wallets were recently created and have already offloaded most of their holdings, capitalizing on the rapid price surge. 🚨 $3AC: Top 1 in Tokens Accumulated by Smart Money In less than … Read more

Algorand Sees Major Growth With 2.6 Million New Wallets In One Year

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Over the past year, Algorand has experienced significant growth, with a sharp increase in wallet adoption. According to @intotheblock, the number of Algorand wallets with a balance rose from 18.88 million on September 24, 2023, to 21.48 million in 2024. This impressive growth of 2.6 million new wallets in just one year highlights the increasing … Read more