Tag: Million

Over 12 Million SHIB Vaporized

boss

The Shiba Inu meme coin community is currently abuzz with a palpable sense of excitement, courtesy of two key developments: a surge in token burning and promising advancements in the Shibarium layer-2 solution. While the cryptocurrency market is inherently volatile and unpredictable, these recent developments present a potential trajectory for Shiba Inu’s long-term growth and stability. Shiba Inu’s Burning Surge: Impactful Trends Shiba Inu has ignited a fervent blaze of token burning, sending ripples across the cryptocurrency landscape. In the span of just 24 hours, the token witnessed an astounding…

$35 Million Sell-Off Sends ETH Price Crashing

boss

Celsius Networks, currently undergoing bankruptcy proceedings, has engaged in significant Ethereum transactions that are causing ripples within the digital currency landscape. In the past 10 hours, on-chain analysts at LookonChain detected noteworthy transfers, including a 13,000 ETH deposit ($30 million) on Coinbase and an additional 2,200 ETH ($5 million) on FalconX. These transactions suggest a proactive stance by Celsius in addressing its ongoing financial challenges. Celsius Sells $125M ETH, Maintains $1.3B Reserve According to Arkham Intelligence, Celsius sold more than $125 million worth of Ethereum (ETH) coins between January 8…

Pastor Accused Of Defrauding Congregation With $3 Million Crypto Ponzi Scheme

boss

Denver-based internet pastor, Eli Regalado, is at the center of a controversy surrounding an alleged crypto Ponzi scheme involving INDX coin.  The self-proclaimed spiritual leader has come under scrutiny as Colorado’s securities regulator investigates his deceptive practices, which reportedly resulted in over $3 million in ill-gotten gains. Fortune magazine report shed light on the matter, exposing Regalado’s questionable actions and shedding light on the plight of the victims involved. Pastor Regalado’s Deceptive Crypto Venture According to Colorado’s securities regulator, Regalado, and his wife orchestrated a “small-scale swindle”, targeting hundreds of individuals…

XRP Crash Fears Mount As Whale Dumps 26 Million Tokens

boss

In the world of cryptocurrencies, XRP has once again captured the attention of market enthusiasts with a surge in whale activity. The movement of a staggering 26.8 million XRP tokens has sparked speculation among traders and investors alike. Blockchain data tracked by Whale Alert, a renowned tracker of large cryptocurrency transactions, revealed that an unknown wallet, identified as r4wf7enWPx…5XgwHh4Rzn, transferred the substantial amount of XRP. Ripple’s Strategic Moves Trigger XRP Transfers The tokens, valued at approximately $14.75 million, were sent to Bitstamp, a prominent exchange based in Luxembourg City, Europe.…

Terra Classic Community Burns A Staggering 700 Million LUNC And 230,000 USTC

The Terra Classic Community recently had something to cheer about following revelations about the amount of LUNC and USTC token burns that were carried out in the past week. During that period, a significant amount of LUNC and USTC tokens are said to have been burned, something which could positively affect the crypto tokens’ prices.  The Number Of LUNC And USTC Burned In an X (formerly Twitter) post, AlexCryptoBull, a member of the Terra community, brought to the community’s attention how 700 million LUNC and 230,000 were burned last week.…

Grayscale’s $529 Million BTC Move To Coinbase Pushes Price Below $41,000

boss

Bitcoin (BTC), the largest cryptocurrency in the market, has experienced a sharp drop below the $41,000 mark as exchange-traded funds (ETFs) for Bitcoin went live on January 12.  The subsequent profit-taking, selling pressure, and outflows from Grayscale’s Bitcoin Trust ETF (GBTC) played a significant role in the downward trend. Grayscale’s Bitcoin Transfers To Coinbase Intensify On Tuesday, NewsBTC reported that six days ago, Grayscale initiated the first batch of BTC outflows from their holdings to a Coinbase, totaling 4,000 BTC (approximately $183 million) over six days.  However, the asset manager…

$245 Million Whale Wakes Up To Threaten XRP Price Recovery

boss

A recent transaction by an XRP whale is currently threatening XRP’s price recovery. This particular address is known to have moved all their XRP holdings worth millions of dollars, a move that the XRP community fears could cause a downturn in the token’s price.  Whale Moves Over 443 Million XRP Data from blockchain tracker Whale Alert shows that an unknown address linked to crypto Bitvavo sent 443,112,410 XRP to another unknown address that is linked to Bitvavo. Interestingly, data from the XRP Scan shows that the receiving address was just…

Over 2 Million Tokens Vanish, Valued At $636 Million

In a recent announcement by Binance, the BNB Foundation declared the successful completion of the 26th quarterly Binance Coin token burn through the BNB Chain. The burn, which included Auto-Burn and the Pioneer Burn Program, eliminated a significant amount of the exchange’s native token from circulation.  BEP95 Initiative Results In 210K BNB Permanently Burned During this latest burn event, the Auto-Burn process removed 2,141,487.27 BNB from circulation, equivalent to approximately $636 million in USD.  It is worth noting that the Auto-Burn mechanism operates independently of Binance’s centralized exchange (CEX), providing…

2 Million Transactions in a Day

boss

After a month of quiet paws, Shibarium, the Layer-2 solution for the popular meme coin Shiba Inu, has roared back to life with a staggering 200% increase in daily transactions over the past two days. This surge marks a dramatic turnaround from its recent lull, reigniting optimism among the SHIB army and sending the platform’s gas token, BONE, leaping 6%. Strong Showing: Shibarium Soars Data from Shibariumscan reveals a notable ascent: On Saturday, transactions had slumped to a dismal 1.16 million, the lowest point in recent memory. Awakened by increased…

Traders Make $579 Million Run On The Fund

boss

Grayscale, an American digital asset management company, has witnessed a staggering amount of outflows in its Spot Bitcoin ETF, Grayscale Bitcoin Trust (GBTC). Analysts speculate that the outflows may be linked to several factors, including high trading fees and accounting irregularities.  Grayscale Experiences Massive Outflows After successfully securing approval for its Spot Bitcoin ETF against the United States Securities and Exchange Commission (SEC), Grayscale experienced steady inflows in its GBTC. However, recent reports suggest that the company’s gains may have been premature, as Grayscale’s GBTC recently experienced a significant outflow…