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Blockchain tracking firm Lookonchain says crypto whales are taking massive memecoin trades amid the market downturn. According to Lookonchain, one unlucky whale is now seeing red after once having made $11.8 million in profit on President Donald Trump’s memecoin, Official Trump (TRUMP). “This whale who made a $11.8 million profit on TRUMP spent another $33.9 million to buy 766,083 TRUMP at $44.25 and has now lost $21 million. He lost all his profits and over $9 million of his initial capital!” TRUMP is trading for $17.61 at time of writing, down 5.1% in the last 24 hours. Next up, Lookonchain reports a crypto whale just scooped up a massive amount of Melania (MELANIA), the official memecoin of Melania Trump, wife of US President Donald Trump, after the altcoin bounced off a low of $1.39. “A mysterious whale created a new wallet [Tuesday] and withdrew 10 million USDC from Binance to buy 6.69 million MELANIA at $1.50.” MELANIA is tra...

XRP is navigating an environment of volatility as its push toward $3 resistance appears to have stalled amid the broader market correction. Despite the current market sentiment, XRP is witnessing increasing buying pressure from whales, a key factor likely to spur price growth. At press time, XRP was trading at $2.24, having rallied over 1% in the last 24 hours. Over the past seven days, the Ripple-affiliated token has plunged almost 17%. Picks for you Why MicroStrategy might collapse below $100 in 2025 45 mins ago Crypto millionaire sells more Ethereum for Bitcoin in a $70M-losing trade 50 mins ago Can DOGE reach $1 in 2025? ...

Ripple (XRP) is one of the leading cryptocurrencies, charting its way into the vast pool of tokens. What makes the token special is its sheer electrifying project pathways and intent fueling XRP’s narrative to gain institutional spotlight and interest. As the year’s end approaches, a new horizon for the XRP knocks on the door with the change in the US oil and gas regime, favoring time the most. Will XRP end the year on a positive note? Let’s find out. Also Read: Cryptocurrency: 3 Coins That May Rise If Elon Musk Adds Dogecoin To X Ripple Ecosystem Broadens; New Projects Await Source – Ajaib Kripto The Ripple ecosystem is currently brewing with new collaborations and partnerships. The token is primed to scale new highs as the US political domain undergoes one of the most historic transformational processes that it has ever experienced. The domain is subjected to a catalytic change, with Trump ascending to the White House with a pro-crypto stance, which is indicative of ...

Prominent cryptocurrency analyst Ali Martinez has taken to X, sharing that Dogecoin (DOGE) whales purchased more than 1 billion DOGE in the last 24 hours, worth almost $108.7 million. #Dogecoin whales bought over 1 billion $DOGE in the last 24 hours, totaling roughly $108.7 million! pic.twitter.com/2aSevCd7Lm — Ali (@ali_charts) October 4, 2024 Also Read: Ethereum Drops 15% Amid Middle East Crisis: Key Insights for Traders The buying spree may be responsible for DOGE’s current price spike. The asset has rallied by 6.2% in the daily charts, 1.5% in the 14-day charts, and 12% over the previous month. The original memecoin is also up by 76.6% since October 2023. Despite the rally, the asset is still down by 12.3% in the weekly charts. Source: CoinGecko Reasons Behind Dogecoin’s Rally Elon Musk’s Influence DOGE’s latest rally could be due to Elon Musk reiterating his desire to accept the meme coin for Tesla vehicles. The electric vehicle manufacturer already accepts DOGE f...

As we approach October, often referred to as ‘Uptober’ in the crypto space for its historically strong market performance, all eyes are on XRP.  The token has captured significant attention, with the latest sentiment data showing 86% of the community is bullish. This sentiment, sourced from data retrieved by Finbold using CoinMarketCap as of September 30, 2024, suggests that investors are confident XRP is poised for further growth based on 22,713 votes. XRP community sentiment. Source: CoinMarketCap XRP price key resistance breaks XRP has recently crossed some important price milestones, further fueling optimism. The token successfully broke through the $0.60 psychological resistance and even briefly traded above $0.66.  Picks for you Imminent BTC price breakout; Bitcoin forming path to $350,000 spike ...

Although its recent price performance was lackluster, Render (RENDER), a decentralized graphics processing unit (GPU) platform and cryptocurrency dubbed the ‘Nvidia of crypto’ due to the similarities with blue-chip behemoth Nvidia (NASDAQ: NVDA), seems to have sparked whale confidence. As it happens, Render is among several altcoins that recently saw plenty of price anomalies after specific transfers by the market’s largest traders, according to the data shared by Santiment , a crypto market intelligence platform tracking blockchain and social metrics, in an X post on September 17. Specifically, Render, alongside several other altcoins, including Injective (INJ) and Polygon (MATIC), witnessed these anomalies after whale exchange wallet supply suddenly shifted to whale cold wallet supply, and Santiment analysts said these “anomalies are fantastic as both short & long term signals.” Picks for you ...

Bitcoin (BTC) is currently undergoing a sell-off, marking the first time since December 2023 that the flagship cryptocurrency has dropped below the $40,000 support zone. This selling pressure aligns with a phase where Bitcoin whale s are actively dumping a significant portion of their holdings. Notably, data from cryptocurrency analyst Ali Martinez revealed that as of January 23, Bitcoin whale s had unloaded nearly 70,000 BTC, almost $3 billion , within the past two weeks. Bitcoin whales selling activity. Source: Ali Martinez It’s worth noting that the recent activity of the whale s has unfolded against the backdrop of the approval of the spot Bitcoin exchange-traded fund (ETF), deemed a bullish catalyst for the cryptocurrency. The product has recorded significant outflows with Grayscale Bitcoin Trust (GBTC) accounting for the highest share.  At the same time, the selling pressure could be interpreted in various ways, such as whale s taking some of their profits followin...

Bitcoin’s (BTC) price has been struggling around the $26,000 mark over the past week, but with the recent incline, more investors have shifted to self-custody. The flagship cryptocurrency finally gained bullish traction with a 1.5% rise in the past 24 hours — the upward momentum came while the BTC price dropped below the $26,000 mark six times over the past week. BTC whale activity and supply on exchanges – Aug. 24 | Source: Santiment Moreover, Bitcoin is trading at $26,460 with a $515 billion market cap at the time of writing. The asset’s 24-hour trading volume also rose by 5.4%, reaching $16.4 billion.  You might also like: China sentences former party official to life in prison for enabling crypto mining According to market intelligence platform Santiment, the Bitcoin whale activity has slightly declined. The number of whale transactions consisting of at least $100,000 and $1 million worth of BTC dropped from 9,372 and 1,337 to 6,760 and 1,314, respectively....

Top Pepe mania profiteers have dumped their PEPE tokens en masse, suggesting declining holding interest among whales. Earlier in May, the market capitalization of Pepecoin (PEPE) — a cryptocurrency inspired by the popular internet meme Pepe the Frog — had soared to $1.8 billion. Two weeks later, the PEPE market cap has come crash ing down to roughly $665 million, a 65% decline. Let’s look at the reasons why.  PEPE market capitalization since April. Source: CoinGecko Pepe mania winners dump PEPE whales appear to have been primarily responsible for the price drop, according to data tracked by Wuligy, an on-chain analyst at Dune Analytics. Notably, the top fifteen addresses with the highest earnings and returns, and those holding a significant amount of PEPE tokens around its market peak have dumped most of their holdings in recent weeks.  Some whales have even sold 100% of their PEPE reserves during the crash, as shown below. Top 15 Pepe addresses with highest earnings and returns. Sou...