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The cryptocurrency market has retraced back to its pre-pump levels following the recent surge triggered by former U.S. President Donald Trump’s announcement of a Strategic Crypto Reserve. This dramatic price movement has led many analysts and crypto enthusiasts to accuse Trump of market manipulation. However, a deeper look suggests that the market downturn may be…
Solana (SOL) recently experienced a dramatic price drop, reaching a multi-month low of $126.15, marking a 57% decline from its yearly peak of $295. However, the cryptocurrency has since rebounded to $145, fueled by a significant whale purchase of $14 million worth of SOL. This accumulation helped mitigate selling pressure ahead of an upcoming $1.75…
Dogecoin (DOGE) has seen a notable surge in whale accumulation recently, with holdings climbing from 23.55 billion DOGE to approximately 24.46 billion DOGE in under a month. This increase includes a net accumulation of about 530 million DOGE in just the last three days, signaling strong confidence from large investors. Whales bought the dip, accumulating…
In a strategic move to bolster its stablecoin initiative, Ripple has minted an additional 3.1 million Ripple USD (RLUSD) tokens on the XRP Ledger. This marks the first issuance in 17 days, following a previous minting of 625,000 RLUSD on February 10. The latest minting brings the total circulating supply to approximately 56 million, signaling…
Ethereum (ETH) has been caught in a major price downturn, shedding 10.41% over the past 24 hours and accumulating a staggering 33.10% loss over the last month. The decline comes amid broader market turbulence, with institutional investors such as BlackRock and Fidelity spearheading ETH sell-offs through spot exchange-traded funds (ETFs). Despite this, spot traders have…
South Korea’s largest cryptocurrency exchange, Upbit, has recorded an impressive 24-hour trading volume of $3.15 billion, with XRP taking the lead. The XRP/KRW trading pair alone contributed $803 million, accounting for 22.73% of the total volume. This surge underscores XRP’s dominance in the South Korean market and highlights the country’s growing influence in the global…
Over the past 72 hours, large-scale investors, commonly referred to as whales, have accumulated more than 130 million Cardano (ADA) tokens. This massive buying activity underscores growing confidence among institutional and high-net-worth investors in ADA’s long-term potential. Whale accumulation is widely considered a bullish signal, as these investors often rely on extensive market research and…
Decentralized exchange (DEX) Uniswap has announced a major partnership with trading platform Robinhood and payment providers MoonPay and Transak to simplify crypto-to-fiat transactions for users worldwide. Starting February 27, Uniswap users in over 180 countries can seamlessly convert supported cryptocurrencies into fiat and deposit funds directly into their bank accounts. This new offramping service is…
Shiba Inu’s (SHIB) burn rate has captured investor attention amid broader market turbulence. On February 27, over 30 million SHIB tokens were burned, triggering a 1306% surge in the burn rate. This aggressive reduction in circulating supply has fueled bullish sentiment, with analysts predicting a potential 450% price pump for the popular meme coin. Shiba…
Sui (SUI) token has witnessed a remarkable surge in trading activity, reaching an impressive $350 billion in total swap volume at press time. This milestone represents a 12.98% increase in trading volume over the past 30 days. Meanwhile, SUI’s price has climbed by 7.72% in the last 24 hours, trading at $3.05. With increasing market…