All articles tagged with #whale transactions
Render's native token, RNDR, has seen a significant increase in whale transactions, indicating potential institutional interest and a possible price upswing. Despite a recent 8.85% price drop, increased network activity and positive market sentiment suggest that RNDR could be undervalued and poised for gains.
Cryptocurrency analyst Ali Martinez predicts Dogecoin (DOGE) could see a 200% price surge, similar to its rise in early March. This optimism is fueled by significant whale activity, with over 1.5 billion DOGE transferred recently, indicating strong market interest. Currently, DOGE is trading at $0.15887, having risen by 2.89% after a recent dip.
The US government has executed a massive Bitcoin transfer, moving approximately 15,085 BTC valued at nearly $923 million from wallet addresses containing funds seized from Bitfinex in 2016. This brings the government's total Bitcoin holdings to over 200,000 BTC, worth $12.50 billion, with additional holdings in Ethereum and other cryptocurrencies. Whistleblower Edward Snowden has suggested that a national government may be accumulating Bitcoin to replace traditional gold reserves, sparking speculation within the crypto community.
Crypto analyst Ali Martinez warns that Chainlink (LINK) could experience a significant correction of up to 50% as whale transactions decline, indicating a lack of trading interest. He also suggests that Bitcoin (BTC) may decline 10% if it loses a key support level, while Ethereum (ETH) layer-2 blockchain Optimism (OP) is showing a bearish flag pattern, potentially leading to a continued move to the downside.
A Shiba Inu whale recently transferred a staggering 4.6 trillion SHIB tokens, equivalent to $40 million, in a single day. The source and recipient of these tokens remain unknown, sparking curiosity about the whale's intentions. The transfer coincided with the Shibarium Mainnet launch, which initially caused a drop in SHIB's price. However, the developers quickly addressed a glitch in the Bridge, restoring confidence in the ecosystem. Despite uncertainties, different whales and significant holders of Shiba Inu tokens have shown varying reactions, highlighting diverse strategies and viewpoints within the community.
Dogecoin's bullish metrics are heating up as whale transactions and volume rise exponentially, with large DOGE transactions crossing $1.94 billion in the last seven days. The number of daily DOGE transactions grew from an average of 20,000 at the beginning of May to 2.0777 million on May 27, thanks to the popularity of BRC-20 tokens. If DOGE continues to rise, it could complete a 50% move toward the upside in the short term, with its first major resistance lying at $0.075.