whale – DIGIT INFO

GMT Token Shows Signs Of Recovery After Recent Downtrend

The GMT token, which has experienced a bearish trend across all timeframes, showed signs of a potential recovery today with a 4% increase, bringing its current trading price to $0.238. This slight uptick follows a period of decline, indicating a possible shift in market sentiment. Notably, a significant development occurred yesterday when an early investor or contributor identified as 0x8b3…e62b0 recharged 30 million GMT tokens on Binance, amounting to $6.79 million US dollars. This move comes on the heels of the distribution of 18 million tokens received by the same address from the StepN TokenTimeLock contract a week ago when

The post GMT Token Shows Signs Of Recovery After Recent Downtrend appeared first on The Merkle News.

Go to Source

Significant Deposit To Coinbase Amidst OMNI Network Token Decline

The OMNI network token has experienced a substantial decline in value today, shedding 32% of its market value, prompting attention to recent on-chain activity involving a notable address associated with the $ONDO project party. According to reports from on-chain analytics, an address linked to the $ONDO project deposited 200,000 $OMNI tokens into Coinbase just a few hours ago, amounting to approximately US$6.65 million. This address is believed to be affiliated with an early investment institution that holds interests in both the Ondo and Omni projects. Remarkably, this address received a distribution of 200,000 tokens from the $OMNI project only 18

The post Significant Deposit To Coinbase Amidst OMNI Network Token Decline appeared first on The Merkle News.

Go to Source

Bitcoin and Ethereum Face Pessimistic Sentiment Amidst Price Declines

Following a significant drop in the prices of Bitcoin and Ethereum over the weekend, sentiment toward the two leading cryptocurrencies has turned notably bearish. Bitcoin plummeted to as low as $61.5K, while Ethereum dipped to $2,890, prompting a surge in negative sentiment among market observers. Today, Ethereum witnessed a further decline of 2.5%, exacerbating concerns among investors. Adding to the apprehension, a notable whale who previously bought Ethereum at the bottom in September 2022 has resurfaced, appearing to capitalize on profit-taking opportunities. The whale recently deposited 5,000 ETH to Kraken within the past day, showcasing a strategic move to capitalize

The post Bitcoin and Ethereum Face Pessimistic Sentiment Amidst Price Declines appeared first on The Merkle News.

Go to Source

Arbitrum Faces Potential Volatility As Token Unlock Event Looms

The impending token unlock event scheduled for April 16 poses a significant risk to Arbitrum (ARB) investors, as the market braces for potential price fluctuations. These unlock events are notorious for triggering substantial volatility in cryptocurrency markets, given the uncertainty surrounding their aftermath. On April 16, 2024, a staggering 92.65 million ARB tokens, representing 3.49% of the total circulating supply, are set to be released into the market. With a market value estimated at approximately $116.73 million, the unlock event has garnered widespread attention from investors and analysts alike. #Arbitrum to Unlock 92.65 Million ARB Tokens in ‘Cliff Unlock’ Event.

The post Arbitrum Faces Potential Volatility As Token Unlock Event Looms appeared first on The Merkle News.

Go to Source

Ethereum Sees 6% Surge As Whales Return Amid ETF Approvals

In a significant uptick, the price of Ethereum ($ETH) has surged by 6% in the past 24 hours, reflecting renewed investor interest and market optimism. Following the approval of spot Bitcoin and Ethereum ETF applications in Hong Kong, AI Bot’s analysis on Spotonchain has identified the return of 8 whales who had previously profited from ETH. Shortly after Hong Kong approved spot #Bitcoin and #Ethereum ETF applications, our AI Bot detected 8 whales who had previously earned from $ETH returning to buy $ETH on-chain. Together, they spent a total of $31.88M in $USDT and $USDC to purchase 9,787 $ETH at

The post Ethereum Sees 6% Surge As Whales Return Amid ETF Approvals appeared first on The Merkle News.

Go to Source

Bitcoin Realized Profit/Loss Ratio Drops Below 1 As Whales Stay On Sidelines Despite ETF Approvals

The Bitcoin Realized Profit/Loss Ratio has dipped below 1, signaling that investors are currently experiencing more losses than profits. This trend, observed over the past six months, historically suggests a potential local bottom for Bitcoin ($BTC). The #Bitcoin Realized Profit/Loss Ratio has fallen below 1, suggesting that investors are currently realizing more losses than profits. Historically, this trend has indicated a local bottom for $BTC over the past six months. pic.twitter.com/5GgZ63XV68 — Ali (@ali_charts) April 14, 2024 In a significant development for the cryptocurrency market, China Asset Management, Bosera Capital, HashKey Capital Limited, and Harvest Global Investments have received approval

The post Bitcoin Realized Profit/Loss Ratio Drops Below 1 As Whales Stay On Sidelines Despite ETF Approvals appeared first on The Merkle News.

Go to Source

Pendle Token Sees 7% Decline Following All-Time High, On-Chain Activity Reflects Positive Sentiment

Pendle, the decentralized finance (DeFi) token, experienced a notable decline of over 7% today, following a surge to an all-time high of $7.5 yesterday. The token is currently trading at $6.69, reflecting a correction after the recent price rally. Despite the decline in price, on-chain activity indicates positive sentiment surrounding Pendle. Reports suggest that Pendle Real Fire Institutions are actively participating in Pendle liquidity provision (LP) to enhance pledge income. Notably, Distributed Capital recently transferred 7,000 ETH from Binance and allocated all of them to the Pendle $ezETH pool, providing liquidity with a value of $24.56 million. Pendle 实火🔥机构也在参与 Pendle

The post Pendle Token Sees 7% Decline Following All-Time High, On-Chain Activity Reflects Positive Sentiment appeared first on The Merkle News.

Go to Source

Ethereum Rebounds Above $3,600 As Whales Accumulate

Ethereum has made a notable rebound, surpassing the $3,600 mark today, fueled by reports of whale accumulation of ETH tokens. According to data from Lookonchain, significant withdrawals from exchanges have been observed, indicating whale activity. One such example is wallet address 0xACc7, suspected to be associated with Matrixport, which withdrew 22,251 ETH ($80.06M) from exchanges in the past few hours and a total of 33,925 ETH ($122.06M) over the past three days. Whales are accumulating $ETH! 0xACc7(probably #Matrixport) withdrew 22,251 $ETH($80.06M) from exchanges in the past 1 hour and has withdrawn 33,925 $ETH($122.06M) from exchanges in the past 3 days.https://t.co/R43ImnYb5H

The post Ethereum Rebounds Above $3,600 As Whales Accumulate appeared first on The Merkle News.

Go to Source

Maker Protocol’s Governance Token (MKR) Experiences Decline, Yet Whales and Institutions Accumulate Amidst Dip

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 seizing the opportunity to accumulate MKR during the dip. According to Spotonchain’s reports, a notable surge in accumulation activity has been observed. Thirteen fresh wallets withdrew a substantial amount of MKR, totaling 13,560 tokens valued at $47.8 million, from Binance over the past week. Impressively,

The post Maker Protocol’s Governance Token (MKR) Experiences Decline, Yet Whales and Institutions Accumulate Amidst Dip appeared first on The Merkle News.

Go to Source

Ethena Surges To New All-Time Highs Amidst Strong Investor Interest

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. Wintermute, holding 21.82 million ENA and 10 million USDe tokens, stands out as the largest on-chain token holder among the three major ENA market makers. A whale withdrew 6 million $ENA (~ $8.58 million) from Binance and staked all of them just 1 hour ago.

The post Ethena Surges To New All-Time Highs Amidst Strong Investor Interest appeared first on The Merkle News.

Go to Source