Dumping

THORChain, a cross-chain decentralized exchange using Cosmos technology, successfully conducted a hard fork yesterday, September 4. However, while the update was highly anticipated, sellers still needed to press on, looking at the formation in the daily chart. RUNE Slumps, Drops 70% In 6 Months According to CoinMarketCap data, RUNE, the native currency of the THORChain ecosystem, remains under pressure, losing 12% at press time. The drop over the last 24 hours means the token is down nearly 70% from March…

The post Sell-off Alert! Ethereum Whales Begin Dumping – Price Could Dip to $2,300 appeared first on Coinpedia Fintech News In the last few days, the overall cryptocurrency market has been experiencing notable selling pressure, potentially due to the profit booking or the recent Bitcoin (BTC) move by Mt. Gox. Amid this selling pressure, Ethereum (ETH) whales have started dumping significant ETH as reported by Lookonchain. Big Moves by Ethereum Whales On August 27, 2024, the on-chain analytic firm Lookonchain…

Whales appear to be offloading their Pepe holdings, data from Lookonchain reveals.  For instance, a whale who purchased nearly $3.13 million worth of PEPE during the crypto crash earlier this month sold all his coins, at a profit of just $30k.    A whale who bought 420B $PEPE($3.13M) at the bottom of the market crash dumped it 30 minutes ago!The whale spent 3.13M $USDT to buy 420B $PEPE on Aug 5 and Aug 12, then sold it all for 3.16M…

Investors who previously focused on Pepe (PEPE) are now shifting their attention to MoonTaurus (MNTR). Analysts suggest this change is driven by MoonTaurus's compelling presale structure and growth potential. With its organized presale phase and potential for impressive returns, MoonTaurus is attracting those looking for the next major opportunity in the cryptocurrency market.  MoonTaurus (MNTR)  Currently, the token is priced at $0.005 during its first presale stage and is set to launch at $0.07, promising early investors a 1300% return.…

The post Bitcoin Price Slumps Amid Massive Movements and Institutional Dumping; Algotech’s Presale Demand Goes Sky-High appeared first on Coinpedia Fintech News The crypto market took a sharp downturn today, led by Bitcoin (BTC) plunge be­low the $54,000 threshold for the first time­ in five months. This sudden drop has resonate­d strongly within the crypto community, prompting a flurry of activity among investors and analysts se­eking to grasp the root causes and pote­ntial consequences for the­ broader market. As the…

Bitcoin is consolidating, struggling for gains, and looking at price action in the daily chart. Even with the rejection of lower prices, the coin has yet to follow through, decisively reversing losses of June 24. Should Bitcoin Traders Brace For More Losses? In light of this, one analyst on X thinks there could be more losses in the coming days. Posting on X, the on-chain analyst highlighted a worrying trend: Even amid the Bitcoin trading community’s optimism, sellers are relentlessly…

The Bitcoin price recovery above the $67,000 level has triggered a round of selling, but it is not from the usual camp of large investors selling. This time around, it is the small-time traders who are offloading their bags and putting selling pressure on the price. However, this is not an entirely bad thing given that, historically, such selling has been bullish for the Bitcoin price. Bitcoin Retail Are Dumping Their Bags In a report on X (formerly Twitter), the…

FTX’s announcement regarding the commencement of the third tranche of the auction for locked Solana coins has injected optimism into the market amidst a broader sell-off. Despite the recent bearish trend in Solana’s price, indicators such as the Relative Strength Index (RSI) and the Awesome Oscillator (AO) suggest underlying bullish sentiment. Amid the broader market sell-off, Ethereum Layer-1 competitor Solana has also witnessed a sharp pullback dropping all the way to $120 levels earlier today. However, in another major announcement…

People have been criticizing Ripple for unlocking its token at the beginning of every month. Just as the month of May began two days ago, the company has unlocked another 1 billion XRP from its escrow wallet. As anticipated, in three tweets, Whale Alert reported that the firm has unlocked more tokens. The three tweets noted the transfer of Ripple 500,000,000 (107,272,434 USD), 400,000,000 (85,856,924 USD), 100,000,000 (21,551,122 USD) from Ripple Escrow wallet, respectively. This is a total transfer of 1 billion XRP…