Whales – DIGIT INFO

XRP Whales Accumulate As Price Surges Ahead Of Altcoin Pack

The recent price movement of XRP has caught the attention of crypto whales, who have been actively accumulating the digital asset amidst its fluctuations. Over the past week alone, these whales have acquired more than 31 million XRP tokens, signaling a bullish sentiment in the market. Currently trading at $0.544, XRP has outperformed many other altcoins, experiencing a notable 6% jump and reaching as high as $0.5687 today. This surge in price underscores growing investor confidence in the asset, potentially indicating a shift in market dynamics. $XRP dropped from $0.62 to $0.41, and #crypto whales took notice. They’ve bought over

The post XRP Whales Accumulate As Price Surges Ahead Of Altcoin Pack appeared first on The Merkle News.

Go to Source

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

Cryptocurrency Market Faces Significant Declines As Bitcoin, Ethereum, And Solana Lead The Drop

In the past 24 hours, the cryptocurrency market witnessed a notable downturn, with Bitcoin (BTC) plummeting to a low of $65,086, marking a 4.57% decrease. Ethereum (ETH) also experienced a significant drop below the $3,200 mark, down by 8.12%. Solana (SOL) followed suit, falling below $150 with a 12.68% decline. BTC fell to a low of $65,086, a 24-hour drop of 4.57%. ETH once fell below $3,200, down 8.12% in 24h. SOL fell below $150, with a 24-hour drop of 12.68%, WIF dropped 24.1% and PEPE dropped 20.3%. The entire network liquidated $829 million in the past 12h, of which

The post Cryptocurrency Market Faces Significant Declines As Bitcoin, Ethereum, And Solana Lead The Drop 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