DeFI News by Thebittimes.Com

An Ethereum (ETH) whale, dormant for eight years, has woken up and started selling over $1.3 billion in profits. The whale has held a $2.4 million initial ETH investment since 2016, accumulating a 558-fold return by November 2024. As Lookonchain reported, the whale acquired 398,889 ETH for a $6 average cost per token, totaling $2.4 million. As developed, the purchases happened between January 18 and March 20, 2016, distributed among 28 Ethereum addresses. On November 7, the whale started activating some of its addresses, so far selling 73,356 ETH for $224 million. By posting time, the investor still holds 325,533 ETH, worth $1.09 billion with Ethereum priced at $3,368. Picks for you AI predicts SOL price if Solana ETF is approved 2 hours ago ...

Backed by the general crypto market gains and increasing investor interest in meme coins launched on the Solana (SOL) blockchain, the network’s native token has registered stellar performance in the current rally. Indeed, SOL investors are anticipating the next price movement that could pave the way for a potential record high above the $200 mark, as the community remains super bullish. Notably, the growth in SOL prices has coincided with a significant on-chain movement of the token. Particularly, data provided by Whale Alert on March 29 indicates that 1,757,028 SOL tokens worth approximately $332 million were moved between unknown wallets. Picks for you 3 best Cardano tokens to invest in 2024 50 mins ago Opportunity? Bitcoin's next 'immediate target' is a fresh all-time high 2 hours ago Bitcoin Cash’s Easter comeback amid impressive price surge 3 hours ago Here’s why you should watch this 3 crypto this week 4 hours ago ...

A massive Ethereum (ETH) whale has withdrawn 71,332 ETH worth $182 million since February 1. The accumulation happened amid a bull rally in the cryptocurrency market, with ETH up nearly 25% since the first purchase. On February 15, the massive Ethereum whale withdrew 1,831 ETH from Binance and Bybit, worth $5.07 million. Finbold retrieved this data from the SpotOnChain Platform less than three hours after the withdrawals, which lasted 20 minutes. In total, the whale has withdrawn 71,332 ETH from Binance, Bybit, Bitfinex, and OKX in February alone. In particular, onchain data shows an average price of $2,557 per ETH, costing $182 million. Massive Ethereum whale PnL overview. Source: SpotOnChain Moreover, SpotOnChain identifies an ownership of 76,369 ETH, which is currently worth nearly $214 million. This amount is distributed among three lending platforms for yield generation and liquidity mining: Spark, Maker (MKR), and Compound (COMP). Picked for you Bullish? Bitc...

XRP price surges 1.17% on whale transactions, hitting $0.6168. Pullix’s PLX token presale raises $1M+, 58% sold, priced at $0.044. Pullix offers “Trade-to-Earn,” governance, and revenue-sharing. XRP price has surged considerably following massive whale transactions, while the presale of the upcoming online trading platform Pullix expected to launch in January 2024 quickly sells out. The presale is in the third stage and already 58% sold out raising over $1 million in a matter of weeks. Below is a closer look at Ripple’s XRP token especially now that whales are making significant transactions in anticipation of 2024 market dynamics. We shall also delve into the evolving narrative around Pullix’s innovative approach to online trading. XRP price surges amidst whale transfers XRP, a prominent cryptocurrency backed by Ripple, witnessed substantial price movements as 182.6 million XRP was shuffled across wallets. Notably, four trans...

Bitcoin (BTC) has been consolidating below the $26,000 mark over the past week as the global crypto market condition turned red. However, with the recent market-wide bullish momentum, BTC whale activity and social dominance have witnessed a significant spike. Bitcoin is up by 0.03% in the past 24 hours and is trading at $25,755 at the time of writing. BTC price , whale activity , supply on exchanges and active addresses – Sep. 7 | Source: Santiment The hike comes as the asset’s 24-hour trading volume has risen by 11%, reaching $12 billion. According to data provided by the market intelligence platform Santiment, the number of BTC whale transactions, consisting of at least $100,000 worth of Bitcoin, surged by almost 110% since Sep. 3 — currently sitting at 9,004 unique transactions. You might also like: Crypto whales shuffle millions via Binance amid regulatory scrutiny Moreover, the number of Bitcoin daily active addresses has reached 1 million, registering a...

A lack of excitement on order books is just one sign that downside volatility could easily resume, says Material Indicators. Bitcoin (BTC) is not about to bottom at just below $17,000, new analysis warns as bid liquidity dries up. In social media posts after Christmas, on-chain analytics resource Material Indicators flagged waning interest in protecting the current BTC price range. Binance order book leaves "not much to be excited about" With volatility still largely absent from Bitcoin markets, analysts are keenly eyeing what could happen at this week’s yearly close. The closing price for BTC/USD on Dec. 31 will also m Ark the conclusion of the weekly and quarterly candles, and any flash volatility could turn 2022 into a nightmarish bear market year. As Cointelegraph reported, the pair is currently down around 60% year-to-date, while versus its latest all-time high from November 2021, it has lost 76%. This may still not be enough to cap the bear market, various analysts ha...