Coin overview
MOVE
Ended--
Last price (USDT)
2.87M
24h total (USDT)
4.37M
Total vol (USDT)
2024-12-05 07:00:00 ~ 2024-12-09 11:30:00
Trading time (UTC+0)
2024-12-09 13:00:00 ~ 2024-12-09 17:00:00
Delivery time (UTC+0)
Total supply10.00B
Resources
Introduction
Movement Network is an ecosystem of Modular Move-Based Blockchains that enables developers to build secure, performant, and interoperable blockchain applications, bridging the gap between Move and EVM ecosystems.
Bitcoin’s Technical Shift Suggests Potential for Price Movement Ahead of Key Resistance Levels
Bitcoin is approaching a golden cross on its 4-hour chart, indicating a potential bullish trend. If it maintains above $117,500, further gains could follow. Golden Cross Indicator: A bullish signal often indicating upward price movement. Current BTC price is hovering around $117,500, with potential resistance at $119,000. Technical analysis suggests buying pressure is increasing, which could lead to significant price movements. Bitcoin is nearing a golden cross, suggesting potential upward momentum. If it holds above $117,500, expect further gains. Read more for insights. Price Level Potential Action Market Sentiment $117,500 Maintain position Positive $119,000 Test resistance Neutral $120,000 All-time high Optimistic What is a Golden Cross in Bitcoin Trading? A golden cross occurs when a short-term moving average crosses above a long-term moving average, indicating a potential bullish trend. This technical pattern often signifies that buying pressure is outweighing selling pressure, leading to upward price momentum. How Does the Current Market Setup Affect BTC Prices? The recent breakout from $116,600 to nearly $118,600 suggests that Bitcoin is gaining strength. If it can sustain above the $117,500–$118,000 range, it may pave the way for a test of higher levels, particularly $119,000 and $120,000. Frequently Asked Questions What should I watch for in the next 48 hours? Investors should monitor Bitcoin’s ability to maintain its position above $117,500. A successful hold could lead to further upward movement. How can I prepare for potential price movements? Stay informed about market trends and be ready to act if Bitcoin breaks through key resistance levels, particularly around $119,000. Key Takeaways Golden Cross: A bullish indicator that suggests potential price increases. Current Price Levels: Watch for Bitcoin to hold above $117,500 for further gains. Market Sentiment: Increasing buying pressure may lead to significant upward movements. Conclusion Bitcoin’s current technical setup, highlighted by the approaching golden cross, suggests a potential bullish trend. As it hovers around critical price levels, traders should remain vigilant for upward movements, particularly if it sustains above $117,500. The coming days will be crucial in determining the market’s direction. Source: TradingView In Case You Missed It: XRP Faces Technical Challenges as New Resistance Emerges Amidst Recent Price Movements
Bitcoin Shows Potential for Upward Movement Amid Market Challenges
Bitcoin’s price has risen by 1.3% in the last 24 hours, indicating a potential upward trend towards the $120,000 mark. Current Bitcoin price is $118,592. BTC is attempting to break above local resistance at $118,500. Traders should monitor the $123,236 resistance for potential all-time highs. Bitcoin’s price has increased by 1.3% in the last day, with expectations of reaching $120,000. Stay updated with COINOTAG for the latest insights. Key Levels Current Price Next Target $118,500 $118,592 $120,000 What is the Current Trend for Bitcoin (BTC)? The current trend for Bitcoin (BTC) is upward, with a recent increase of 1.3% over the last day. If BTC can maintain its position above the local resistance of $118,500, it may continue to rise towards $120,000 in the near future. How Does Bitcoin’s Price Movement Affect Traders? Bitcoin’s price movement significantly impacts traders’ strategies. With BTC currently trading at $118,592, traders are closely watching the resistance levels. A breakout above $123,236 could signal a new all-time high, prompting increased trading activity. Frequently Asked Questions What factors influence Bitcoin’s price? Bitcoin’s price is influenced by market demand, investor sentiment, regulatory news, and macroeconomic trends. How can traders benefit from Bitcoin price fluctuations? Traders can benefit by buying during dips and selling during peaks, capitalizing on the volatility of Bitcoin’s price. Key Takeaways Bitcoin Price Increase: BTC has risen by 1.3% in the last day. Resistance Levels: Key resistance at $118,500 and $123,236. Market Outlook: Potential for upward movement towards $120,000. Conclusion In summary, Bitcoin’s recent price increase indicates a positive market sentiment. As traders watch key resistance levels, the potential for further gains remains. Stay informed with COINOTAG for the latest updates on Bitcoin and other cryptocurrencies. Most coins have returned to the red zone on the last day of the week, according to CoinStats. The price of Bitcoin (BTC) has gone up by 1.3% over the last day. On the hourly chart, the rate of BTC is trying to fix above the local resistance of $118,500. Top coins by CoinStats BTC/USD On the bigger time frame, traders should pay attention to the nearest level of $118,775. If bulls can hold the gained initiative, the energy might be enough for an ongoing upward move to the $120,000 range. Image by TradingView From the midterm point of view, the rate of the main coin is far from the key levels. However, if a breakout of the $123,236 resistance happens, one can expect a new all-time high shortly. Bitcoin is trading at $118,592 at press time. In Case You Missed It: BlackRock's Potential Entry into Solana ETFs Raises Concerns Among Smaller Issuers, Analyst Suggests Caution
Eric Trump Remarks Follows Ether Surge Triggers $105M in Short Liquidations
Eric Trump reacted after Ether surged past $4000 and short sellers faced large liquidations. Ether short positions worth $105 million were liquidated as price jumped to levels not seen since December 2024. Spot Ether ETFs saw $537 million in inflows in four days adding support and boosting market confidence. Eric Trump commented after Ether surged past $4,000 on Friday, sparking the largest short liquidation in recent weeks. His reaction came as the market shift forced traders holding bearish positions to exit quickly. Trump highlighted the risks of betting against top cryptocurrencies in such a volatile environment. His remarks signaled growing attention from outside traditional finance circles. JUST IN: Eric Trump says "it puts a smile on my face to see $ETH shorts get smoked today." pic.twitter.com/1Ko8CQXQyh — Watcher.Guru (@WatcherGuru) August 8, 2025 Ether’s sharp price jump to $4,060 marked its first move above $4,000 since December 2024. This move liquidated $105 million in Ether short positions, according to CoinGlass data. These liquidations accounted for 53% of all crypto short liquidations that day, totaling nearly $200 million. Short Covering Drives Rapid Price Movement The sudden price rise triggered a short squeeze across Ether markets. As short positions were liquidated, further upward pressure followed. This created a feedback loop that helped push Ether past key levels. The asset settled near $4,015 by session close. Market observers noted that the 4.6% price increase happened within a short time frame. Traders caught on the wrong side of the move were forced to cover, accelerating the price rally. Short squeezes often develop in markets with heavy bearish bets. As liquidations occur, demand increases, causing prices to move higher. This pattern emerged in Ether’s Friday session, reinforcing how quickly conditions can change in crypto. $4,100 Resistance Level in Focus Market participants are closely watching the $4,100 level. This range has become a key resistance point for Ether. Analysts believe a decisive break above this threshold could lead to a larger move. A clear move past $4,100 may open the door to new highs. Some projections suggest Ether could test $4,400 or even $4,500 if momentum holds. Traders are monitoring volume and sentiment as Ether approaches these levels. The market’s response to the resistance zone will likely determine the next short-term trend. If resistance holds, a pullback may follow. However, if bulls push through, another wave of liquidations could occur. ETF Inflows Boost Market Confidence Recent ETF inflows have strengthened Ether’s upward momentum. Data from Farside shows that spot Ether ETFs recorded $537 million in net inflows over the past four trading sessions. These figures reflect growing institutional interest in Ethereum. ETF activity has added both liquidity and stability. Analysts say this increases Ether’s appeal to long-term investors. It also provides a support base during sharp moves like Friday’s rally. The ETF inflows mirror broader trends toward regulatory clarity. As institutions gain exposure, retail interest remains steady. Combined, these forces are contributing to Ether’s sustained strength.
Momentous XRP Unlock: 100 Million XRP Released from Ripple Escrow
Get ready for some exciting news from the digital asset world! A significant XRP unlock event just hit the wires, with a colossal 100 million XRP released from Ripple’s secure escrow account. Whale Alert, the widely recognized blockchain tracking service, confirmed this major movement, sparking considerable discussion across the entire crypto market. This scheduled release is a routine part of Ripple’s strategy, but it always captures the attention of investors and enthusiasts alike. Understanding Ripple’s Escrow System and XRP Unlock Many wonder, “What exactly is Ripple’s escrow system, and why do these unlocks happen?” Simply put, Ripple employs a sophisticated escrow mechanism to manage the supply of XRP. Back in 2017, Ripple locked up 55 billion XRP into a series of escrows, each designed to release 1 billion XRP on the first day of every month. This system was put in place to provide predictability and transparency regarding the circulating supply of the digital asset. Predictable Supply: The escrow ensures a controlled release, preventing a sudden flood of XRP onto the market. Market Stability: It aims to foster trust and stability by making supply dynamics transparent. Strategic Allocation: Unlocked XRP is primarily used for operational expenses, incentives for partners, and investments in the XRP ecosystem. This particular Ripple escrow release of 100 million XRP is part of that ongoing, pre-programmed schedule. It’s not an unexpected event, but rather a planned part of Ripple’s long-term financial strategy. Does an XRP Unlock Affect XRP Price? A common question that arises with every significant release is: “How does an XRP unlock impact the XRP price?” It’s a valid concern, as an increase in supply, all else being equal, could theoretically put downward pressure on the price. However, the situation is more nuanced for several reasons: Anticipation: These monthly releases are well-known and largely factored into the market’s expectations. Traders and investors are aware of the schedule. Strategic Use: Not all unlocked XRP immediately hits exchanges. A significant portion is often re-locked into new escrows, used for partnerships, or allocated for development initiatives. Market Dynamics: The overall health of the broader crypto market, regulatory news, and Ripple’s own developments often have a far greater influence on XRP’s price than a single, scheduled unlock. While a large unlock can sometimes create temporary selling pressure if a significant portion is moved to exchanges, the consistent nature of Ripple’s escrow system often mitigates dramatic short-term effects. What This Digital Asset Movement Means for Investors For those invested in or considering XRP, understanding these escrow releases is key. This movement of digital asset signifies Ripple’s continued commitment to its long-term vision for XRP. It highlights their ongoing efforts to expand the utility and adoption of the cryptocurrency globally. Investors should focus on the bigger picture, including: Utility Growth: How is XRP being used in real-world applications, especially for cross-border payments? Partnerships: Are new financial institutions or businesses adopting Ripple’s solutions? Regulatory Clarity: Developments in the ongoing legal landscape significantly impact XRP’s future trajectory. The XRP unlock is a transparent mechanism that contributes to the ecosystem’s health, rather than a standalone event meant to disrupt the market. It provides liquidity for Ripple to pursue its strategic goals. In conclusion, the release of 100 million XRP from Ripple’s escrow is a routine yet important event. It underscores Ripple’s commitment to a transparent and predictable supply management system for its digital asset. While always a point of interest, these unlocks are part of a broader strategy aimed at fostering the growth and adoption of XRP within the global financial system. Staying informed about these movements, alongside broader market trends, is crucial for any crypto enthusiast. Frequently Asked Questions (FAQs) Q1: What is Ripple’s escrow system? A1: Ripple’s escrow system is a mechanism designed to lock up a large portion of XRP and release it in controlled, monthly increments (typically 1 billion XRP) to ensure predictability and transparency in the cryptocurrency’s circulating supply. Q2: Why does Ripple unlock XRP? A2: Ripple unlocks XRP primarily for operational expenses, funding new partnerships, investing in the XRP ecosystem, and providing liquidity for its On-Demand Liquidity (ODL) service. It’s part of their strategy to grow XRP’s utility. Q3: How often does an XRP unlock occur? A3: An XRP unlock of 1 billion XRP typically occurs on the first day of every month as part of Ripple’s pre-programmed escrow schedule. The 100 million XRP mentioned here is a portion of that monthly release. Q4: Does this unlock immediately affect the XRP price? A4: While an increase in supply can theoretically impact price, these scheduled unlocks are generally anticipated by the market. Their immediate effect on XRP price is often minimal compared to broader market trends or significant news from Ripple. Q5: Where can I track XRP escrow movements? A5: You can track XRP escrow movements and other large transactions using blockchain explorers and services like Whale Alert, which provide real-time updates on significant crypto transfers. Q6: Is this XRP unlock a good or bad thing for XRP? A6: Generally, it’s considered a neutral to positive event. It provides Ripple with funds to develop the ecosystem, which can ultimately benefit XRP’s long-term adoption and value. It’s a transparent process, which builds trust. If you found this article insightful, please consider sharing it with your network on social media! Help us spread the word about the latest developments in the crypto space and keep the conversation going. To learn more about the latest crypto market trends, explore our article on key developments shaping digital asset institutional adoption.
Cardano (ADA) Shows Potential for Growth as Bulls Maintain Momentum Above $0.80
Cardano (ADA) has increased by 4.45% in the last 24 hours, indicating strong bullish momentum as traders anticipate further price growth. ADA’s price has broken local resistance at $0.8038, suggesting potential upward movement. Current trading price is $0.7985, with expectations of reaching $0.82 soon. Long-term forecasts indicate a possible rise to the $0.90-$1 range if bullish trends continue. Cardano (ADA) has surged 4.45% recently, showing bullish trends that could lead to further gains. Stay updated for more insights! What is the Current Price Trend of Cardano (ADA)? The price of Cardano (ADA) is currently experiencing a bullish trend, having increased by 4.45% over the last 24 hours. This surge indicates strong market sentiment and potential for further growth. How Does ADA’s Price Movement Reflect Market Sentiment? ADA’s recent price movement reflects a positive market sentiment, with traders optimistic about its future. The price has made a false breakout of the local resistance at $0.8038, and if it closes above this mark, further upward movement to the $0.82 range is expected. Frequently Asked Questions What factors are influencing ADA’s price increase? ADA’s price increase is influenced by strong market sentiment and bullish trends observed in the cryptocurrency market. How can traders benefit from ADA’s price movements? Traders can benefit from ADA’s price movements by closely monitoring market trends and making informed decisions based on price resistance levels. Key Takeaways ADA Price Surge: Cardano has increased by 4.45% in the last 24 hours. Resistance Levels: Key resistance at $0.8038 may lead to further growth. Future Outlook: Potential for ADA to reach the $0.90-$1 range if bullish trends continue. Conclusion In summary, Cardano (ADA) is currently trading at $0.7985, with a significant increase of 4.45% in the last 24 hours. If the bullish momentum continues, traders can expect further growth towards the $0.90-$1 range. Bulls remain more powerful than bears on the last working day of the week, according to CoinMarketCap. ADA’s price has made a false breakout of the local resistance of $0.8038. Traders should focus on the candle’s closure in terms of the $0.8955 level. Stay informed on Cardano’s price trends and market movements for optimal trading strategies. Current Market Analysis for Cardano (ADA) Cardano’s price has shown resilience, with a recent bullish closure indicating potential for further upward movement. If bulls maintain control, ADA could see prices reaching the $0.85 zone soon. Future Predictions for ADA Looking ahead, traders should monitor the $0.8955 level closely. A sustained rise past this point could signal a breakout, potentially leading to prices in the $0.90-$1 range. Conclusion In conclusion, ADA’s recent bullish trends suggest a promising outlook for traders. With the current price at $0.7985, the market remains optimistic about further growth. In Case You Missed It: USDC Dominates Crypto Salaries in 2024, Signaling Shift Toward Blockchain Payroll Systems
XRP Shows Potential for Upward Movement Amid Buyer Dominance, Eyes Key Resistance Levels
XRP is currently experiencing a 7% increase, indicating that buyers are maintaining control in the market. However, potential corrections may test key support levels around $3.15. XRP has broken local support at $3.2704, signaling possible corrections ahead. The price is currently at $3.2394, with a focus on the weekly candle closure for future direction. Market analysts suggest a potential test of the $3.10-$3.15 zone if the decline continues. Discover the latest insights on XRP’s price movements and market trends, ensuring you’re informed about potential corrections and support levels. Price Level Current Value Market Trend Support Level $3.15 Potential Correction Current Price $3.2394 Upward Movement What is the Current Status of XRP? XRP is currently trading at $3.2394 and has shown a significant increase of 7% today. This upward trend indicates that buyers are currently more powerful than sellers in the market. How Are Market Trends Affecting XRP? The recent movements in XRP’s price suggest that it has broken the local support level of $3.2704. If the daily bar closes below this level, a correction towards the $3.15 zone is likely. Frequently Asked Questions What are the key support levels for XRP? The key support levels for XRP are around $3.10 to $3.15, which are critical for determining future price movements. How does XRP’s current price compare to its recent highs? XRP’s current price of $3.2394 is below its recent high of $3.333, indicating potential for further corrections if downward pressure continues. Key Takeaways XRP is currently up by 7%: This indicates strong buyer sentiment in the market. Watch for support levels: Key levels around $3.10-$3.15 are critical for future price predictions. Weekly candle closures matter: A close above $3.33 could signal further upward movement. Conclusion In summary, XRP is experiencing a notable increase today, but market corrections are possible. Investors should keep an eye on key support levels and the weekly candle closure to gauge future price movements. Buyers remain more powerful than sellers at the end of the day, according to CoinStats. XRP is one of the biggest gainers today, rocketing by 7%. On the hourly chart, the rate of XRP has broken the local support of $3.2704. Stay updated on XRP’s price movements and market trends to make informed investment decisions. XRP/USD Analysis XRP is one of the biggest gainers today, with a remarkable increase of 7%. However, it has broken the local support level of $3.2704. If the daily bar closes below this level, a correction towards the $3.15 zone is likely. Image by TradingView On the longer time frame, the price of XRP has made a false breakout of yesterday’s bar peak of $3.333. If the decline continues, there is a high chance of seeing a test of the $3.10-$3.15 zone shortly. Image by TradingView From a midterm perspective, focus on the weekly candle closure. If it happens above $3.33 without a long wick, expect an upward move to the resistance of $3.66. XRP is trading at $3.2394 at press time. In Case You Missed It: Trump's Pro-Bitcoin Economist Nomination Sparks Speculation on Federal Reserve Policy Shift and Market Reactions
Dogecoin Tests Historic Support Near $0.20, Potential for Significant Price Movement Ahead
Dogecoin is currently testing a crucial support level at $0.20, a historically significant zone that has led to major price surges in the past. Dogecoin trades near $0.20, aligning with a long-term rising channel that has held since 2015 and triggered major rallies. Past touches on this lower band led to rallies of over 9,000% in 2017 and more than 13,000% in 2021. Resistance remains between $0.34 and $0.45, a range where previous upward moves lost momentum in past market cycles. Dogecoin is testing a critical support level at $0.20, a zone historically linked to significant price surges. Investors are keenly observing market movements. What is Dogecoin’s Current Price Action? Dogecoin is currently positioned just above $0.20, testing the lower boundary of a rising price channel that has been intact since 2015. This range has historically marked a significant support area for the cryptocurrency. How Has Dogecoin Performed at This Level? The channel has been tested only a few times in the last decade. Each instance led to large rallies, including a 9,237% surge in 2017 and a 13,337% jump in 2021. In those cycles, Dogecoin briefly consolidated near the lower band before advancing toward the upper range. Recent Movement Aligns With Past Cycles The latest touch on the support zone marks the fourth since early 2023. It follows a 243% rally earlier in the current market cycle, which also began from this region. Market analysts note that despite changes in broader cryptocurrency trends, Dogecoin has consistently respected the channel’s structure. Dogecoin $DOGE is trading within a historically strong buy zone, which has repeatedly triggered major bull runs in past cycles! pic.twitter.com/oYZF8BVKmE — Ali (@ali_charts) August 7, 2025 Current technical data shows resistance forming between $0.34 and $0.45. This price area has been a barrier in previous rallies, where momentum slowed before any breakout attempts. The market will be watching to see if buying interest can push the price through these levels. Market Context and Liquidity Shift Recent weeks have seen an increase in market liquidity, with investor attention shifting toward older altcoins. This trend could favor Dogecoin if it maintains stability along its long-term support. Historical data suggests that when the coin has reached this zone, it has often moved in a new direction within weeks. Dogecoin’s adherence to its decade-old channel presents a notable technical development. The coming sessions will reveal whether the cryptocurrency can build on its current position and target the upper boundary of the range. Frequently Asked Questions Why is Dogecoin testing the $0.20 support level? Dogecoin is testing the $0.20 support level due to its historical significance, which has often led to major price rallies in the past. How can Dogecoin’s price movement affect investors? Dogecoin’s price movement can significantly impact investor sentiment, especially if it breaks through resistance levels or maintains its support. Key Takeaways Support Level Importance: The $0.20 level has historically led to major price surges. Resistance Levels: Key resistance is observed between $0.34 and $0.45. Market Trends: Increased liquidity may favor Dogecoin’s price stability. Conclusion In summary, Dogecoin’s current position at $0.20 is critical for its future price movements. Historical data suggests that this support level could lead to significant price surges, making it an essential focus for investors. In Case You Missed It: XRP Price Surge Signals Potential Volatility as Market Enters New Phase
BIG Ripple NEWS: XRP Skyrockets After Ripple Ends SEC Battle
One of the most closely watched legal battles in cryptocurrency has come to a close. The U.S. Securities and Exchange Commission and Ripple Labs have jointly agreed to drop their appeals in the Second Circuit, ending years of litigation. This move cements Judge Analisa Torres’s July 2023 ruling as the final word on the matter. Under the agreement, each side will bear its own legal costs and fees. Ripple CEO Brad Garlinghouse had already hinted in June that the company would close this chapter and focus on building the Internet of Value. With no further appeals, the industry now has clarity on how U.S. courts view certain XRP transactions. Ripple vs SEC: The Legal Outcome in Detail Judge Torres’s ruling was a mixed result for both sides. She concluded that Ripple’s institutional sales of XRP , worth hundreds of millions of dollars, were unlawful securities offerings. However, she sided with Ripple on secondary market transactions, determining that “blind bid” sales to retail investors through exchanges were not securities transactions. This decision provides a degree of legal comfort to retail XRP traders in the U.S., while keeping institutional sales under regulatory scrutiny. Market Reaction and Price Movement after Ripple News XRP/USD Daily Chart- TradingView Following the announcement, XRP price rose about 7 percent as traders reacted to the removal of a major legal overhang. On the daily chart, XRP is trading near 3.33 dollars after bouncing from the 3.06 dollar support zone. The news-triggered rally pushed price action closer to the middle Bollinger Band, signaling a shift in short-term momentum. Technical Analysis – Key Levels to Watch The daily Heikin Ashi chart shows that XRP recently broke out from a short consolidation phase after a multi-day decline. The lower Bollinger Band around 2.77 dollars acted as strong support, preventing further downside. The current resistance zone sits near 3.53 dollars, which aligns with the upper Bollinger Band. If buying momentum continues, the next Fibonacci extension targets are 3.85 dollars, 4.20 dollars, and potentially 4.50 dollars. A breakout above 4.50 dollars could open the path toward the psychological 5.00 dollar level. On the downside, if sellers regain control, support lies first at 3.15 dollars, followed by the 3.00 dollar zone. A sustained close below 3.00 dollars would reintroduce bearish pressure, potentially dragging the price back toward 2.77 dollars. Short-Term Outlook In the immediate term, the combination of bullish legal news and a technical bounce increases the likelihood of further upside. However, traders should watch for possible profit-taking near resistance zones. Volume confirmation will be key to sustaining momentum. Long-Term Outlook The conclusion of the SEC case removes a significant barrier to XRP adoption, especially for partnerships with U.S.-based financial institutions. The XRP price now has a clearer regulatory path for retail usage, which could drive investor confidence. Still, institutional sales remain subject to securities law, meaning Ripple’s corporate dealings must remain carefully structured. If broader market sentiment stays positive and Ripple executes its growth strategy, XRP could re-test multi-year highs within the next 12 to 18 months. Ripple vs SEC: Final Take after Ripple News With the courtroom chapter closed, XRP has regained a degree of legal certainty that few cryptocurrencies enjoy in the U.S. This clarity, combined with the current bullish chart setup, creates conditions for potential sustained growth — provided the market can maintain momentum.
Shiba Inu (SHIB) Shows 114% Bull-Bear Imbalance, Suggesting Potential Price Confidence Amid Market Recovery
Shiba Inu (SHIB) has a 114% imbalance between bulls and bears, indicating a stronger bullish sentiment in the market. 77 bulls compared to 67 bears suggest increased confidence in SHIB’s price trend. Current price of SHIB is $0.00001294, reflecting a 2.86% increase in the last 24 hours. SHIB recently formed a golden cross, a bullish indicator suggesting reduced selling pressure. Shiba Inu (SHIB) shows a 114% imbalance in bullish and bearish sentiment, indicating market confidence. Learn more about SHIB’s recent performance. Indicator Value Comparison Bulls 77 Compared to 67 bears What is the Current Price Action of SHIB? The current price of Shiba Inu (SHIB) is $0.00001294, reflecting a 2.86% increase in the last 24 hours. This rise accompanies a significant bullish sentiment, as indicated by the 114% imbalance between bulls and bears. How Has SHIB Performed Recently? Shiba Inu experienced a low of $0.0000116 on August 2, from which it rebounded. Currently, it is trading above the daily SMA 50 at $0.00001272, indicating a potential upward trend. The next major resistance is at the daily SMA 200, positioned at $0.00001371. Frequently Asked Questions What is the significance of the golden cross for SHIB? The golden cross indicates that the short-term moving average has crossed above the long-term moving average, suggesting that selling pressure is decreasing and a bullish trend may be emerging. How does the bulls and bears indicator work? The bulls and bears indicator measures the total amount of large buyers and sellers, providing insights into market sentiment and potential price movements. Key Takeaways Market Sentiment: SHIB shows a strong bullish sentiment with a 114% imbalance in bulls and bears. Price Movement: Current price is $0.00001294, indicating positive market trends. Technical Indicators: The formation of a golden cross suggests reduced selling pressure. Conclusion Shiba Inu (SHIB) is currently experiencing a bullish trend, supported by a significant imbalance in market sentiment and positive price movements. As the cryptocurrency landscape evolves, SHIB’s performance may continue to attract investor interest. In Case You Missed It: Paxos Faces $26.5 Million Penalty Over Binance USD Due Diligence Shortcomings, Highlights Compliance Challenges
Bitcoin Price Analysis: Potential for Growth Towards $116,000 Amid Weaker Bear Sentiment
Bitcoin (BTC) is currently trading at $115,036, reflecting a 1.55% increase. Analysts suggest potential growth towards $116,000 if bullish momentum continues. Bitcoin’s price has shown resilience, with a recent rise indicating bullish sentiment. Market dynamics suggest a potential move towards $116,000 in the coming days. Current trading volume indicates sideways movement is likely between $114,000 and $120,000. Bitcoin price analysis reveals a 1.55% increase, indicating a potential rise towards $116,000. Stay updated with COINOTAG for the latest insights. What is the Current Bitcoin Price Trend? The current trend for Bitcoin (BTC) shows a 1.55% increase since yesterday, currently trading at $115,036. This upward movement indicates a potential bullish continuation if the price can maintain momentum. How Does Bitcoin’s Price Movement Affect Investors? Bitcoin’s recent price increase is significant for investors, as it suggests a shift in market sentiment. Analysts predict that if Bitcoin closes near the resistance level of $116,000, it may continue to rise towards the $117,000-$119,000 zone. Frequently Asked Questions What factors are influencing Bitcoin’s price today? Bitcoin’s price is influenced by market sentiment, trading volume, and recent bullish closures, which suggest potential upward movement. How can investors capitalize on Bitcoin’s price movements? Investors can monitor resistance levels and trading volume to make informed decisions about buying or selling Bitcoin. Key Takeaways Current Price: Bitcoin is trading at $115,036. Potential Growth: Analysts predict a rise towards $116,000. Market Dynamics: Sideways trading is likely between $114,000 and $120,000. Conclusion In summary, Bitcoin is experiencing a positive trend with a current price of $115,036. If the price can maintain momentum, it may reach $116,000 soon. Investors should stay vigilant and monitor market conditions for potential trading opportunities. Bears remain weaker than bulls today, according to CoinStats. BTC/USD The rate of Bitcoin (BTC) has risen by 1.55% since yesterday. On the hourly chart, the price of BTC has made a false breakout of the local resistance of $115,258. As most of the daily ATR has been passed, there are low chances of seeing sharp moves by tomorrow. However, if the candle closes near the resistance, growth may continue to $116,000 within the next days. On the longer time frame, the rate of the main coin is rising after yesterday’s bullish closure. If the bar closes near $116,000 with no long wick, the accumulated energy might be enough for a move to the $117,000-$119,000 zone. From the midterm point of view, it is too early to make any long-term predictions. The volume has declined, which means sideways trading in the area of $114,000-$120,000 is the most likely scenario. Bitcoin is trading at $115,036 at press time. In Case You Missed It: Indonesia Explores Bitcoin as a National Reserve Strategy Amid Economic Growth Discussions
Shiba Inu Burn Rate Surges 3,464% Amid Community Activity, Potential Price Movement Observed
The Shiba Inu burn rate has surged by 3,464%, with 9,614,765 SHIB tokens burned in just 24 hours, showcasing strong community engagement. 9,614,765 SHIB were burned in the last 24 hours, indicating a significant increase in the burn rate. Over the past week, a total of 23,317,751 SHIB were destroyed, reflecting ongoing community efforts. Despite the small amount burned, the percentage increase has captured the attention of the SHIB community. The Shiba Inu burn rate has recently surged by 3,464%, with over 9.6 million SHIB tokens burned in 24 hours, reflecting strong community engagement. What is the Recent Surge in Shiba Inu Burn Rate? The Shiba Inu burn rate is a measure of how many tokens are removed from circulation. Recently, it experienced a remarkable 3,464% increase, with 9,614,765 SHIB tokens burned in just 24 hours. This surge has sparked excitement within the SHIB community. How Did This Spike in SHIB Burns Occur? Several transactions, each burning hundreds of thousands of SHIB, contributed to this total. While the wallets involved remain anonymous, such coordinated burns often reflect strong community sentiment and engagement. Time Period SHIB Burned Percentage Increase Last 24 Hours 9,614,765 3,464% Last 7 Days 23,317,751 16,855.93% What Impact Does This Have on SHIB Price? Following the burn surge, Shiba Inu’s price increased by 4%, reaching $0.00001258. This rise aligns with broader market trends, as cryptocurrencies gained traction amid speculation about Bitcoin and other digital assets being included in 401(k) retirement plans. What Are the Resistance Levels for SHIB? Currently, Shiba Inu faces resistance at the daily SMA 50 at $0.00001267 and the daily SMA 200 at $0.00001375. If these levels are surpassed, it could trigger a new uptrend. Conversely, support is noted at $0.0000116. Frequently Asked Questions Why is the SHIB burn rate important? The SHIB burn rate is crucial as it helps reduce the total supply, potentially increasing the token’s value over time. How can I participate in SHIB burns? Community members can participate in SHIB burns by sending tokens to designated burn wallets, contributing to the overall reduction of supply. Key Takeaways Significant Burn Rate Increase: The SHIB burn rate surged by 3,464% recently. Community Engagement: The spike reflects strong community sentiment and coordinated efforts. Price Movement: SHIB’s price increased by 4%, influenced by market trends. Conclusion The recent surge in Shiba Inu’s burn rate highlights the community’s active involvement and its potential impact on the token’s value. As the ecosystem evolves, monitoring these trends will be crucial for investors and enthusiasts alike. In Case You Missed It: Mantle (MNT) Emerges as Top Gainer Amid Market Downturn, Highlighting Its Position as Largest ETH-Backed Treasury
MNT Explodes as Stablecoin Liquidity Hits All-Time High on Mantle
Mantle’s native token, MNT, is today’s top gainer. Its value has climbed 4% in the past 24 hours, extending a strong weekly rally that has seen its price surge nearly 30% over the last seven days. The rally comes as the network’s stablecoin supply climbs, signaling an influx of liquidity into the Mantle ecosystem. Stablecoin Inflow and Bullish Indicators Signal More Upside Over the past week, liquidity inflow into the Mantle network has soared. According to data from DeFiLlama, the network’s stablecoin market capitalization has risen by 23% in the past seven days, reaching an all-time high of $654 million on Tuesday. MNT Stablecoin MarketCap. Source: DefiLlama Higher stablecoin liquidity means traders have more immediate buying power. When market sentiment is positive, this can amplify demand and drive an asset’s price momentum. This has been the case for MNT, whose seven-day price rally has been driven by the surge in liquidity on the network amid the broader market’s lackluster performance. Readings from the MNT/USD daily chart paint an equally optimistic picture. For example, MNT’s Directional Movement Index shows its positive directional index (blue; +DI) resting above the negative directional index (orange; -DI) at press time, highlighting the strength of the buy-side pressure. MNT Directional Movement Index. Source: TradingView The DMI indicator gauges the strength and direction of a trend by analyzing recent highs and lows. MNT’s DMI setup indicates that buying pressure outpaces selling activity, keeping the current uptrend intact. As long as the +DI stays above the -DI and the gap between them widens or holds steady, the bullish momentum behind MNT’s rally will likely persist. Furthermore, MNT’s Aroon Up indicator, which currently reads 92.86%, supports this bullish outlook. The Aroon indicator is a technical analysis tool used to identify trend direction and strength by measuring the time elapsed since the most recent highs or lows. MNT Aroon Indicator. Source: TradingView When the Aroon Up line is at or close to 100%, it suggests that recent price action has consistently hit new highs, indicating strong bullish momentum. This is true of MNT, whose price has rocketed to a five-month high over the past three days. MNT Battles to Cement $0.86 as Rally Base MNT’s 4% uptick has pushed its price above the key resistance at $0.86. MNT could extend its rally to $0.99 if this level strengthens as a support floor. MNT Price Analysis. Source: TradingView On the other hand, if profit-taking resumes, MNT could lose strength and attempt to test the new $0.86 support. Should it fail to hold, the token’s price could fall to $0.71.
Bhutan Transfers 517 Bitcoin in Strategic Move With Potential Market Implications
Bhutan transferred 517 BTC, valued at $59.23 million, to a new Binance-linked address as part of its strategic digital asset management, signaling active cryptocurrency integration without immediate market impact. Bhutan moved 517 BTC to a Binance-associated wallet, showcasing strategic asset management. The transfer aligns with Bhutan’s focus on cryptocurrency adoption and economic diversification. Market analysts expect gradual effects, with no immediate fiscal changes anticipated. Bhutan’s strategic transfer of 517 BTC highlights cryptocurrency integration and market potential. Stay updated with COINOTAG for expert crypto insights. Bhutan’s Strategic Bitcoin Transfer and Its Market Implications The Royal Government of Bhutan executed a transfer of 517 BTC, approximately $59.23 million, to a Binance-linked address, reflecting a deliberate move in its digital asset portfolio. This transfer is part of Bhutan’s broader strategy to manage cryptocurrency holdings effectively while leveraging blockchain technology to diversify its economy. How Does Bhutan’s Bitcoin Transfer Reflect Its Economic Strategy? Bhutan’s transfer, conducted through Druk Holding, highlights the nation’s commitment to integrating digital assets into its economic framework. With total reserves near 10,769 BTC, this transaction appears to be a strategic rebalancing rather than liquidation. The move leverages Bhutan’s hydropower resources to support blockchain initiatives, positioning the country as a forward-thinking player in cryptocurrency management. What Are the Expected Market Effects of Bhutan’s Bitcoin Movement? While the transfer involves a significant amount, experts do not foresee immediate market disruptions. Instead, analysts anticipate that Bhutan’s active asset management may influence Bitcoin liquidity and market behavior over time. The government’s transparent approach and ongoing monitoring suggest a cautious yet innovative stance toward digital currency regulation and economic growth. Why Is Bhutan’s Cryptocurrency Strategy Important for the Industry? Bhutan’s proactive engagement with Bitcoin underscores a growing trend among smaller economies to adopt cryptocurrencies as part of national economic strategies. This approach not only fosters innovation but also sets a precedent for regulatory frameworks that balance asset security with market participation. Industry experts recognize Bhutan’s efforts as a model for sustainable digital asset integration. Frequently Asked Questions How much Bitcoin did Bhutan transfer recently? Bhutan transferred 517 BTC, valued at approximately $59.23 million, to a new Binance-linked address as part of its strategic asset management. What impact will Bhutan’s Bitcoin transfer have on the market? Experts expect no immediate market impact, but the transfer may influence Bitcoin liquidity and trading patterns over time as part of Bhutan’s ongoing digital asset strategy. Key Takeaways Significant Transfer: Bhutan moved 517 BTC worth $59.23 million to a Binance-linked wallet. Strategic Asset Management: The transfer is part of Bhutan’s broader cryptocurrency integration and economic diversification plan. Market Outlook: No immediate market disruption is expected, but ongoing monitoring is essential for future trends. Conclusion Bhutan’s recent transfer of 517 BTC exemplifies its strategic approach to cryptocurrency management, combining economic innovation with prudent asset control. This move reinforces Bhutan’s position as a pioneering nation in blockchain adoption, with potential long-term benefits for both its economy and the broader crypto market. COINOTAG will continue to monitor developments and provide expert analysis on this evolving story. Bhutan’s government recently transferred 517 BTC, signaling a strategic approach to cryptocurrency management and economic diversification. This transaction, linked to Binance, reflects Bhutan’s active role in blockchain integration and digital asset portfolio rebalancing. According to COINOTAG sources, the move is expected to influence Bitcoin liquidity gradually without causing immediate market disruption. Bhutan’s 517 BTC transfer highlights strategic crypto asset management and market potential. Follow COINOTAG for the latest expert crypto news and insights. In Case You Missed It: Bitcoin 1 BTC Milestone May Influence Retail Interest and Community Engagement, Experts Suggest
Cronos Targets 6X Rally After Breakout and Bullish Continuation Structure
Cronos price surged from $0.06 to $0.23 in one month, with futures open interest hitting $47.55 million. The market structure shows higher highs and higher lows, confirming a bullish continuation pattern since early 2023. A potential 519% rally targets $0.8868, with current momentum and participation supporting the ongoing upward trend. The price action of Cronos (CRO) is showing a possible long-term continuation pattern after reclaiming higher lows. The chart reflects a shift from a prolonged downtrend into a clear bullish structure, confirmed by consecutive higher highs and higher lows. A key resistance target at $0.8868 has been mapped out, sitting over 519% above the current price. This level marks a possible long-term zone of interest following a double confirmation of market reversal. What is the Current Market Action? Tracking the ongoing price trend at the time of press, Coinglass data reveals that CRO futures open interest reached $47.55 million, with the Cronos price at $0.23. This marks a significant increase from $0.14 recorded earlier that same day. Over the past month, Cronos price has surged sharply from the $0.06–$0.09 range to current levels. Source: Coinglass Open interest has followed the same trend, rising from below $20 million to nearly $50 million. This upward move in both price and open interest began accelerating in early July. The price and open interest increases have remained consistent without visible sharp pullbacks. The last time open interest neared this level was in late February 2025. The current movement reflects strong market participation and price growth heading into August. Momentum remains on the upside direction. Historical Performance Shows a Complete Cycle Reversal Throughout early 2022, Cronos experienced a steep decline from its all-time high. That drop formed a consistent sequence of lower highs and lower lows. A descending trendline kept price action suppressed until mid-2022. Around that period, a sideways consolidation began to take shape near the bottom. Source: X The market eventually broke above the descending resistance, marking the end of the bearish structure. That breakout set the first significant shift, leading to a strong upward rally and a defined higher low in early 2023. From there, the chart shows a new higher high, establishing a fresh bullish pattern for CRO. Recent Movement Supports a Push Toward $0.8868 After setting that higher high, the market retraced again but stayed above the previous low. This created a second higher low and reinforced a bullish continuation pattern. Since then, the price has moved upward again, currently maintaining momentum in a steady rally. The resistance target of $0.8868 remains active and visible on the chart. This marks a potential gain of over 519% from current levels. The structure now supports this move, with no current signs of reversal. Market conditions continue favoring upward movement, as shown by higher low formations and price acceleration. The structure remains valid as long as recent lows hold.
Stability World AI Partners with SentrAI to Transform the Future of Tokenized AI Personas
Stability World AI is excited to announce its groundbreaking collaboration with SentrAI to reshape our interaction with artificial intelligence. This powerful integration is set to open new Web3 frontiers, bridging identity, creativity, and commerce with the help of artificial intelligence (AI). 🤝 Partnership Announcement: Stability World AI x SentrAI We’re thrilled to team up with @SentrAIofficial — the platform turning AI personas into programmable, tradable onchain assets. Together, we’re building the next wave of AI-powered identity & creativity in Web3 🔗🧠 👇🧵 pic.twitter.com/nES7PDWyx8 — Stability World AI (@StabilityW_AI) August 5, 2025 Stability World AI, the platform for creating AI tools for Web3 identities, has announced the news through its official X account. The other partner, SentrAI, is a leading platform that redefines AI personas to make them tradable and programmable on-chain assets. Stability World AI to Revolutionize the Next Generation of Digital Personas SentrAI aims to enable users to create and tokenize custom AI agents that can represent their own skill sets, personalities, and interests. These agents are monetizable on-chain assets, not just digital companions. They are designed to support the evolution of various ecosystems while engaging with them. This partnership integrates the robust and creative tools of Stability World AI to transform AI identity, making it an entirely new concept. The platform’s strong and innovative tools include FLUX image generation, cutting-edge text-to-image technology, and face dance animations. Stability World AI combines its visual and creative prowess with SentrAI’s tokenization framework. In this way, both platforms are poised to build a dynamic engine for self-expression powered by AI. As a result, personalized AI agents get a scalable model for their interaction and commercial viability in the Web3 economy. Stability World AI to Foster “Social-to-AI” Movement Across Web3 The collaboration between Stability World AI and SentrAI is more than just a partnership. Stability World AI plays a vital role in fueling the future of SentrAI with $AIW, its native token. In this way, the platform strives to add fresh utility layers into the SentrAI’s ecosystem. Users can leverage Flux-powered visuals to create AI personas, co-branded campaigns, and cross-platform experiences. By doing this, they can spotlight the emerging economy driven by Social to AI. With the convergence of digital identity and creativity in the landscape of AI, this alliance represents a remarkable step forward. Stability World AI, by aligning its forces with SentrAI, is poised to empower users, enabling them to express, monetize, and own their digital selves. The arrival of AI-powered self-expression is just the beginning of a broader era.
Brazilian Lawmakers Set First Public Discussion on National Bitcoin Holdings
Brazil's Chamber of Deputies will hold its first public hearing on August 20, 2025, to examine creating a national Bitcoin reserve. According to Cointelegraph, at least six institutions will participate in the discussion, including the Central Bank of Brazil, the Ministry of Finance, crypto advocacy groups, and representatives from fintech companies and banking sectors. The hearing will focus on Bill 4501/2024, introduced in November 2024 by Federal Deputy Eros Biondini. The legislation proposes allowing up to 5% of Brazil's treasury funds to purchase Bitcoin, representing a potential investment of roughly $15 billion based on the central bank's total reserves of approximately $300 billion as of February 2025. Federal Deputy Luiz Philippe de Orleans e Bragança formally requested the hearing when the bill reached the Economic Development Committee in June. The proposal would require Brazil's executive branch to regulate the program within 180 days if passed. Officials managing the reserve would face criminal and administrative penalties for mismanagement. The Bitcoin holdings could also serve as backing for Brazil's central bank digital currency, Drex, according to the bill's provisions. Why This Bitcoin Reserve Matters for Brazil Brazil's potential Bitcoin adoption carries immediate economic implications for Latin America's largest economy. The proposed reserve aims to protect international reserves against exchange rate fluctuations and geopolitical risks, according to bill supporters. Pedro Giocondo Guerra, chief of staff to Vice President Geraldo Alckmin, stated that "Bitcoin is the digital gold" and debating a sovereign Bitcoin reserve is "vital to Brazil's prosperity." However, resistance exists within Brazil's financial establishment. Central bank director of monetary policy Nilton David reportedly said including crypto assets in foreign exchange reserves would be inappropriate. This opposition reflects broader concerns about Bitcoin's price volatility affecting national reserves. Fortune reports that Fidelity expects countries avoiding Bitcoin allocation could face greater risks than those making investments, particularly given macroeconomic challenges like inflation and currency devaluation. The hearing represents Brazil's most concrete step toward official Bitcoin adoption since the country became the first in the Americas to approve spot Bitcoin ETFs. We previously reported that Brazil already considers adding Bitcoin to national reserves, with the RESBit proposal gaining political momentum as cryptocurrency usage reaches 16% of Brazilian citizens. The current hearing will determine whether these preliminary discussions translate into formal policy. Global Impact on National Bitcoin Reserve Movement Brazil's hearing occurs amid a global shift toward government Bitcoin holdings, positioning the country among potential pioneers in sovereign cryptocurrency adoption. CoinEdition identifies the United States as holding 207,189 Bitcoins as of early 2025, primarily from law enforcement seizures, while President Trump established a Strategic Bitcoin Reserve through executive order in March 2025. The Brazilian initiative could accelerate similar policies across emerging markets. El Salvador accumulated over 6,100 BTC through direct government purchases, though recent analysis suggests mixed results from the country's Bitcoin experiment, with The Economist noting more costs than benefits in March 2025. Bhutan quietly accumulated over 13,000 BTC through mining operations, representing nearly 30% of its GDP. If Brazil's legislature approves the Bitcoin reserve, the country would join a select group of nations formally integrating cryptocurrency into sovereign financial strategies. Davis Wright Tremaine notes that strategic Bitcoin reserves could help countries diversify holdings and protect against excessive inflation, though critics argue the United States' dollar status makes additional reserves unnecessary. Brazil's decision will likely influence policy discussions in neighboring countries considering similar cryptocurrency integration measures.
Cardano Approaches $0.84 Resistance, Potential Path Toward $1.30 Supported by Technical Momentum and Q4 Trends
Cardano (ADA) is approaching a critical resistance level at $0.84, which could lead to a rally towards $1.30, supported by favorable technical indicators. Cardano eyes $0.84 breakout, which could open the path toward the $1.30 price target. Technicals and seasonal trends support a Q4 rally, with momentum indicators turning bullish. ADA gains strength from governance vote and rising DeFi activity, boosting market confidence. Cardano (ADA) is nearing a key resistance level at $0.84, with potential for a rally towards $1.30. Learn more about the technical indicators driving this movement. Resistance Level Current Price Potential Target $0.84 $0.7691 $1.30 What is the Significance of the $0.84 Resistance for Cardano? The $0.84 resistance level is crucial for Cardano (ADA) as it marks a potential breakout point. A confirmed move above this level could trigger a rally towards $1.30, supported by historical patterns and bullish technical indicators. How Do Technical Indicators Support Cardano’s Price Movement? Technical analysis shows that Cardano has broken out of a descending channel and is now retesting the upper boundary. Indicators like MACD and RSI are showing bullish momentum across multiple timeframes, suggesting a strong potential for upward movement. Frequently Asked Questions What factors influence Cardano’s price movements? Factors such as market sentiment, technical indicators, and governance decisions significantly influence Cardano’s price movements. How does Cardano’s governance impact its market performance? Cardano’s governance decisions, like recent treasury votes, enhance community sentiment and can lead to increased market confidence and price stability. Key Takeaways Resistance Level: $0.84 is critical for potential price movement. Technical Indicators: Bullish momentum is indicated by MACD and RSI. Community Engagement: Governance votes positively impact market sentiment. Conclusion In summary, Cardano (ADA) is at a pivotal moment as it approaches the $0.84 resistance level. With strong technical indicators and community support, the potential for a rally towards $1.30 is significant. Monitoring these developments will be crucial for investors looking to capitalize on Cardano’s growth. Cardano approaches key $0.84 resistance with technical momentum and Q4 seasonality supporting a potential rally toward the $1.30 target. Cardano eyes $0.84 breakout, which could open the path toward the $1.30 price target. Technicals and seasonal trends support a Q4 rally, with momentum indicators turning bullish. ADA gains strength from governance vote and rising DeFi activity, boosting market confidence. Cardano (ADA) is nearing a crucial resistance level at $0.84 that may open the way for a larger rally. A breakout at this zone could trigger a move toward $1.30, supported by historical patterns and favorable technical signals. At the time of writing, Cardano was trading at $0.7691. $0.84 Resistance Holds the Key for Next Price Move According to analysis prepared by Ali Martinez, Cardano has traded within a descending channel since its December 2024 high of $1.32. The price recently broke out of this downtrend and is now retesting the upper boundary. A confirmed move above $0.84 could trigger a rally toward $1.30. A breakout above $0.84 could set Cardano $ADA on a path toward $1.30! pic.twitter.com/E7ECCBIyKo — Ali (@ali_charts) August 6, 2025 CryptoBullet observed a clean breakout and retest structure using a 3D chart. The price held above $0.72 during its recent pullback, which added strength to the setup. Cardano has also reclaimed its 50-day moving average, aligning with bullish momentum tools like MACD and RSI across multiple timeframes. Cardano’s seasonal trend further supports a Q4 rally. According to TapTools, ADA has consistently gained during the final quarter since 2023. This year appears to be following a similar path, with technical conditions pointing toward further growth in August and September. Market Confidence Grows With Governance and Activity ADA’s recent surge follows a treasury vote on August 3, where over 73% approved funding for network upgrades. Input Output Engineering submitted the proposal, marking the first time such funding was decided through public voting. The event boosted community sentiment and ADA’s price. CoinMarketCap reports Cardano’s market capitalization at $25.65 billion, with a daily trading volume of $1.01 billion. Cardano’s total value now exceeds $325 million. This increase reflects rising participation across decentralized finance platforms built on the network. Sustained price action above $0.76 and a breakout at $0.84 remain key technical levels. A move above $0.84 may confirm the trend shift and continue ADA’s potential trajectory toward $1.30. In Case You Missed It: Altcoin Inflows Surge on Binance: Analysts Suggest Potential for Upcoming Market Shift
From $22.8K to $2.48M: Crypto Trader Scores 109x With TROLL as Price Hits $0.1039
TROLL crypto trader turned $22.8K into $2.48M after buying 27.86M tokens and holding through the rally. TROLL rose from 0.010 to 0.1020 SOL, backed by $21.11M in volume and a $103.85M market cap. Over 16K transactions, $3.3M in liquidity, and balanced buy/sell volume confirm sustained trading interest. A crypto trader has realized a massive return on the Solana-based meme coin TROLL, turning a $22,800 investment into approximately $2.48 million within 3.5 months. The trader initially purchased 27.86 million TROLL tokens, later selling 1.28 million for $16,200. The remaining 26.57 million tokens currently hold a market value of around $2.48 million. TROLL Current Market Action Revealed According to CoinMarketCap data at the time of press, TROLL is exchanging at $0.1039 after rising 27.32% in the past 24 hours. The price chart shows a steady upward movement starting from $0.08205. Multiple short-term pullbacks occurred, but price consistently formed higher lows throughout the session. The price peaked near $0.104 and held above $0.10 by the session’s end. Source: CoinMarketCap Additionally, the volume reached $21.11 million, supporting the upward momentum. Market cap climbed to $103.85 million, reflecting increased interest. Price action remained positive throughout the day with consistent gains during U.S. morning hours. The daily performance confirmed strong intraday buying pressure across multiple intervals. Massive Price Movement Sparks Record Returns According to a post on X at the time of report, it is notable that the token price increased from nearly 0.010 SOL in July to a recent peak of 0.1020 SOL in early August. The daily chart showed a sharp rally beginning mid-July, supported by growing trade volumes and buyer activity. TROLL reached a high before pulling back slightly to 0.09352 SOL. That correction came with an 8.23% drop in the last 24 hours. Source: X Over the past day, volume surged to $11.5 million. Buyer and seller volumes remained balanced at $5.7 million each, showing sustained market interest. The coin’s market capitalization currently stands at $93.4 million. Its Fully Diluted Valuation (FDV) is nearly identical at $93.5 million, which indicates that most of the supply could be circulating. Volume Growth Accompanies Price Climb Between May and mid-July, TROLL traded sideways with minimal volume. Starting in late July, the chart showed accelerated accumulation, pushing the price up tenfold within two weeks. Green indicators on the chart signaled strong buying momentum during this surge. The token also saw 16,813 total transactions. Among these, 4,145 were buyers and 2,501 were sellers. The liquidity pool currently holds $3.3 million. Trading activity has been tracked on PumpSwap through the TROLL/SOL pair. The trader still holds 26.57 million tokens, showing a profit well over 100x established on recent market pricing. This increase places the token among the most actively traded meme assets on Solana-based decentralized exchanges . Price discovery continues while volatility stays elevated. TROLL’s rapid rise occurred within a concentrated time window of roughly three weeks. As of the latest trading session, the market shows signs of short-term correction following the steep rally.
Exodus Movement: Increased Holdings by 29 BTC in July, Total Bitcoin Holdings Reach 2,087
According to a report by Jinse Finance, US-listed company Exodus Movement has released its July financial update, revealing that the company increased its Bitcoin holdings by 29 BTC in July. As of July 31, its total Bitcoin holdings reached 2,087 BTC. In addition, as of July 31, the company also held 2,742 ETH and 34,578 SOL.
Ethereum Whale’s Large Short Position May Influence Market Volatility Amid Significant Unrealized Losses
An Ethereum whale currently faces a $2.32 million unrealized loss on a large 25x leveraged short position, significantly impacting ETH price volatility and market sentiment. Ethereum whale expanded a 25x leveraged short on 27,000 ETH, now facing a $2.32M unrealized loss. The whale’s trading activity has increased ETH market volatility and influenced price dynamics. Despite losses, the trader’s position remains a key factor in ETH derivatives market movements. Ethereum whale incurs $2.32M loss on leveraged short, driving ETH volatility. Stay updated on key market shifts and trading insights. How Did the Ethereum Whale’s Large Short Position Affect ETH Market Volatility? An Ethereum whale recently increased their short position to 27,000 ETH with 25x leverage, resulting in a $2.32 million unrealized loss. This aggressive move has directly contributed to heightened ETH volatility, as the market reacts to the whale’s significant exposure and potential liquidation risk. What Are the Details of the Whale’s Short Position and Market Impact? The whale’s short position, initially profitable with $12.25 million in floating gains, has reversed to a loss due to recent price recoveries. According to on-chain analysts, the position is valued at approximately $100 million, with an opening price of $3,637 and a liquidation price near $3,828. This sizable exposure has amplified price swings and affected trader sentiment across derivatives platforms. Why Does This Whale’s Trading Activity Matter for Ethereum Traders? Large-scale short positions like this whale’s influence market liquidity and can trigger rapid price movements. The whale’s history of a 75% win rate and leveraged trades attracts close monitoring by analysts and traders, as their actions often precede notable market shifts. Short covering by the whale has recently contributed to ETH price stabilization above critical support levels. How Are Analysts Interpreting the Whale’s Position? Experts highlight that the whale’s current unrealized loss signals increased market risk but also potential for volatility-driven opportunities. Analysts like Yu Jin emphasize the importance of tracking such positions to anticipate price corrections or rebounds. The whale’s activity underscores the sensitivity of ETH’s market to large derivatives trades and the ongoing influence of major holders. What Are the Financial Implications of This Whale’s Position on the ETH Market? The whale’s $2.32 million unrealized loss affects not only their portfolio but also broader market liquidity and price discovery. Such large leveraged positions can cause temporary dislocations, impacting other traders and contributing to short-term volatility. This dynamic is common in cryptocurrency derivatives markets, where whale activity often signals upcoming price movements. How Might This Influence Future ETH Price Movements? Continued observation of the whale’s position provides valuable insights into potential market trends. Analysts expect sustained volatility as traders react to the whale’s moves and broader market conditions. Regulatory developments and technological upgrades in Ethereum could further influence price dynamics in conjunction with whale trading behavior. Conclusion The Ethereum whale’s $2.32 million loss on a large 25x leveraged short position has significantly influenced ETH market volatility and trader sentiment. This event highlights the critical role of whale activity in shaping price dynamics and liquidity in the crypto derivatives market. Monitoring such positions remains essential for anticipating future market shifts and managing risk effectively. Frequently Asked Questions What led to the Ethereum whale’s significant unrealized loss? The whale increased a 25x leveraged short on 27,000 ETH, but recent price recoveries caused the position to swing from $12.25 million profit to a $2.32 million unrealized loss. How do whale positions impact Ethereum’s price volatility? Whale positions, especially large leveraged shorts, can cause sharp price swings by affecting market liquidity and triggering short covering or liquidations. Key Takeaways Whale’s leveraged short position: 27,000 ETH at 25x leverage with $2.32M unrealized loss. Market impact: Increased ETH volatility and influenced price dynamics. Trader sentiment: Whale activity remains a key indicator for ETH derivatives market movements. Conclusion The Ethereum whale’s large short position and resulting loss underscore the significant influence of major traders on ETH market volatility. Staying informed on such activity is crucial for understanding price trends and managing risks in the evolving crypto landscape. In Case You Missed It: XRP Shows Potential for Continued Upward Movement Amid Early Week Bullish Momentum
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