Altcoin News by Thebittimes.Com

Bitcoin’s (BTC) recent price action hints at a renewed strength in fighting for higher grounds and whale activity corroborates that. In particular, Bitcoin whales have accumulated over 100,000 BTC in the past week. This activity draws a spike on the chart, as shown by the expert trader and on-chain analyst Ali Martinez. Martinez reported the increase in Bitcoins held by addresses between 1,000 and 10,000 BTC, worth over $7 billion . Interestingly, the spike resembles what the market previously saw in early February, before the bull run to above $70,000. Picks for you How much 20-year-olds should invest monthly to reach 1 million by age 50 3 mins ago DOGE price prediction as Dogecoin chart makes waves on social media 52 mins ago How much is the father of TRON worth? – Justin Sun's net worth revealed 1 hour ago AI predicts Terra Classic price for end of 2024 1 hour ago At that time, these whale addresses started accumulating larger a...

Shiba Inu has quickly evolved into one of the most popular memecoins. Even though it has a lower market value than DOGE, it is much further ahead in terms of development. The team has been continuously working on several initiatives, like the Shiba Inu Eternity game, Shibarium, and several others that are under the works. The rising prominence has made SHIB an eye-grabber among WHALES . Several whales have stacked up millions and billions of SHIB. Several whales have also been actively buying and dumping SHIB. In one of the recent data from Etherscan, Anon whales have gobbled up 150 billion SHIB. 150 Billion SHIB moved to an anon wallet As per the data from Etherscan, an anon whale has moved 150 billion SHIB to an anonymous wallet . The SHIB was transferred to a SHIB wallet address on the Crypto.com exchange. Even after the large transaction, the whale still has 23.9 trillion SHIB in its wallet. In the past week, another whale grabbed over 560 billion SHIB as the to...

On-chain data and technical analysis shows strength in ARB price, even after a weekend filled with rumors and sell-offs. Arbitrum suffered a big blow during the April 1 to April 2 weekend due to a conflict between the ARB token holders and the Arbitrum Foundation on the allocation of $750 million ARB tokens worth around $900 million. Data from on-chain analysis firm Arkham Intelligence shows that the transfer of $50.5 million out of the disputed allocation of 750 million ARB tokens. They shared with Cointelegraph that, “Only 50.5 million of those tokens have been moved. 10 million tokens have been sent to be sold on exchanges, 40 million have been loaned to Wintermute and the remaining 500K remain untouched in a multisig wallet (labeled Gnosis Safe Proxy).” On April 3 morning, the Arbitrum Foundation conceded to the community's opposition and decided to break up the said proposal in question into multiple proposals for allocating the funds for the project's ecosystem growth. ...

The depegging of the USDC stablecoin has affected other stablecoins, wreaking havoc on crypto projects and stakeholders in a massive chain reaction. In response to the extraordinary depegging event of the USD Coin (USDC) stablecoin caused by the collapse of its counterparty Silicon Valley Bank (SVB), crypto whales have reported severe losses and appear to have embarked on a series of capital flights to protect assets. Du Jun, the co-founder of cryptocurrency exchange Huobi Global, posted:  “[I] dodged, LUNA, dodged 3AC, even dodged FTX [and their collapse], but I couldn’t avoid Silvergate, nor SVB and USDC. Asked a few crypto veterans; losses amounted to >$1 billion in stock and deposits, myself included. I’m very upset, and it’s time to cut down on my budget.“ The same day, Blockchain personality and Tron founder Justin Sun reportedly withdrew 82 million USDC from the decentralized finance (DeFi) protocol, Aave v2, over a series of transactions and swapped from Dai (DAI). At th...

With the advent of new crypto assets, Litecoin [LTC] took a backseat. While developments pertaining to the network did not take a backseat, the asset’s popularity surely did. However, times were certainly changing as digital silver was making a comeback. According to recent data curated by on-chain analytics firm Santiment, Litecoin whales were active once again. Whales that were harboring more than 1 million LTC had reportedly expanded their holdings over the last month. Throughout the previous five weeks, these whales have purchased nearly $3 million worth of Litecoin. Source Elaborating on the same, Santiment tweeted, “Litecoin’s mega #whale addresses are holding their highest level of available supply since June, 2017, according to @santimentfeed data. In the past 5 weeks, 2.95M $LTC were accumulated by addresses with 1M or more coins held, valued at $219.6M.” It should be noted that recently, Litecoin made headlines after a significa...

Alongside Dogecoin, Shiba Inu has dominated the meme coin market. Since last year, investors&rsquo ; interest in meme coins has peaked. Despite the sustained cryptocurrency bear market, interest in SHIB among whale investors hasn’t subsided. Shiba Inu has recently seen an unprecedented increase in whale activity . Whales were buying trillions of SHIB rather than billions. The WHALES have also been moving, dumping, and buying back the SHIB, using a personal trading strategy. Some unidentified whales now engage in this routine behavior on a regular basis. According to Whale Alert data, an anonymous whale transferred 3.3 trillion SHIB to another wallet. 🚨 3,367,037,381,943 #SHIB (35,779,149 USD) transferred from unknown wallet to unknown wallethttps://t.co/IqWxKaLLyG — Whale Alert (@whale_alert) October 26, 2022 Anonymous whale transfers 3.3 trillion SHIB According to the data from Whale Alert, 3,367,037,381,943 SHIB has been dumped by an anonymous wal...