XRP Is Under Pressure After Selling $120 Million Worth of Tokens After on-chain data showed that Ripple co-founder Chris Larsen sold almost $120 million worth of XRP from his own wallets, the market momentum for XRP dropped dramatically. The move, which happened at the same time as a 2.5% drop in price, made traders worry…
Bitcoin Volume Surges to Highest Level Since March Bitcoin (BTC) has experienced its busiest trading week since March, with total weekly volume reaching $3.68 billion, as reported by Binance data. Even with the drop in price, the rise in liquidity indicates that institutional and large-scale traders are making a comeback in the market. Analyst Arab…
BNB’s Momentum Under Scrutiny Following Recent Technical Issues Following several months of steady advancement, Binance Coin (BNB) appears to be approaching a brief period of stabilization as market participants respond to technical challenges and intricate on-chain discrepancies. The token, now priced at approximately $1,181, has experienced a resurgence of volatility due to recent oracle mispricing…
XRP Falls 20% in October as Whale Transfers to Binance Trigger Sell-Off XRP from Ripple saw a significant 20% drop in price after a notable increase in whale inflows to Binance. Major holders transferred substantial quantities of XRP to the exchange, indicating a clear intention to sell and prompting a rapid decline. On-chain analysts noted…
Ethereum Encounters Unprecedented Supply Deficit Before Possible Surge The circulating supply of Ethereum is decreasing swiftly, as on-chain data shows that over 40% of all ETH is now locked away. Staking, ETFs, and dormant addresses now together account for a substantial portion, greatly constricting the liquidity flow in the market. Experts suggest that this unusual…
Polkadot Community Shows Early Enthusiasm A big proposal for how to run Polkadot has gotten a lot of attention from the community. Bryan Chen, one of the founders of Acala, recently came up with a plan to launch pUSD, an algorithmic stablecoin backed by DOT that is meant to make Polkadot’s finances more independent. Voting…
Shiba Inu Holds Key Support Level Amid Market Volatility Shiba Inu’s price has recently stabilized near the important $0.000011 support zone after being more volatile in the past. Analysts say that this level is very important for figuring out if bullish momentum can start up again or if more consolidation will happen. The token is…
Unpacking Ethereum’s Recent Price Drop The cryptocurrency market has started the week with noticeable declines, continuing a trend of profit-taking across various assets. Ethereum, in particular, was hit hard, experiencing a significant retreat of nearly 10% from its multi-year highs reached just last week. The price of Ether dropped to approximately $4,250, while Bitcoin hovered…
The $6 Billion Whale Exodus and Its Market Impact The cryptocurrency market is currently facing a significant warning signal from XRP’s price action, driven by a massive exodus of capital from large holders, commonly known as whales. In a period of just three weeks following its new peak, XRP whales have collectively offloaded an estimated…
Historic Sell-Pressure Hits Ethereum Ethereum’s native token, Ether (ETH), may be forming a local top as its selling pressure approaches a historic extreme. According to data from CryptoQuant, the network’s Net Taker Volume dropped to -$418.8 million on Tuesday, marking the second-largest daily outflow ever. This metric indicates a significant market imbalance, with 115,400 more…
