A financial audit conducted recently has uncovered a significant whale transaction involving 240.85 million XRP, equivalent to $127 million. According to data provided by Whale Alert, a blockchain tracking service, the transaction originated from Coincheck, a prominent Japanese cryptocurrency exchange, and was sent to an unknown wallet. Blockchain records indicate
Cardano (ADA) has been riding the wave of the recent cryptocurrency market rally, which has been led by Bitcoin (BTC). As Bitcoin breached the $71,000 resistance level yesterday, ADA also experienced significant gains, with its price spiking from $0.4646 to a daily high of $0.5090. Like most crypto assets, ADA
Solana, the prominent blockchain platform, has emerged as the top-performing asset among the top 10 cryptocurrencies by market capitalization this week. The resurgence of the GameStop saga has sparked a renewed interest in meme coins, causing investors to flock towards prominent Solana-hosted meme projects such as Dogwifhat (WIF) and BONK.
The cryptocurrency market is experiencing a resurgence, as Bitcoin has surged past the $66,000 mark in the last 24 hours. This impressive rally has propelled the total crypto market capitalization by approximately 6 percent, reaching a staggering $2.51 trillion on Thursday. Consequently, the sudden upswing has resulted in over $113
Solana has outperformed Ethereum in terms of profitability, according to Leon Waidmann, an on-chain analyst. Waidmann’s statement, shared on X (formerly Twitter), underscores this significant milestone, although it does not consider Ethereum’s value as fuel or a means of payment across various Layer 2 (L2) networks. Waidmann shared a chart
The cryptocurrency market is experiencing rapid changes in dynamics, with Bitcoin’s dominance on the rise, potentially overshadowing altcoins and limiting their value appreciation. However, Solana (SOL) is exhibiting unique price behavior as it approaches a critical point in its consolidation phase. The upcoming days will be pivotal for the SOL
Analysts expect altcoins like Solana (SOL) to follow suit as the cryptocurrency market begins to show signs of a comeback, with Bitcoin leading the charge. Despite the recent slowdown, Solana’s price trend has maintained a strong support trendline, indicating robust underlying demand. The recent bounce from the support trendline has
Input Output Global (IOG), the research and development arm for the Cardano network, has recently detailed several significant advancements in their latest blog post. These developments span various aspects of the network’s infrastructure and capabilities, particularly highlighting progress in the Conway era, enhancements in smart contract functionality, and updates on
The Solana blockchain witnessed a notable whale transaction recently, with 11 million SOL tokens being moved between unidentified addresses. This transfer, valued at approximately $1.57 billion, occurred at a critical moment as SOL’s price dipped below $146, aligning with a broader downturn in the cryptocurrency market. Context and Speculation Surrounding
Chainlink (LINK) opened the trading day in the red, reflecting a broader downtrend as it broke through several key support levels. The recent price action has pushed LINK down by 4.26%, moving past strong support points at $14.2 and $14.17, and it is currently stabilizing around $13.8. Chainlink Market Sentiment
