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Trader Accumulates $22M In $EIGEN Despite Price Drop; Community Concerns Emerge Over Executive Departure

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In a notable move, the savvy trader known as boby1337.eth has amassed an impressive 8.16 million $EIGEN tokens, valued at approximately $22 million, over the past three days. Smart trader boby1337.eth accumulated 8.16M $EIGEN ($22M) over the past three days, despite a 15% drop in EIGEN’s price. He acquired these tokens through 4 transactions from … Read more

Manta Pacific Sees 40% Surge In Daily Active Addresses, Ranks Third Among Layer 2 Networks

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Manta Pacific has experienced significant growth in activity, with nearly 140,000 daily active addresses on the chain, marking a 40% increase from the previous week. According to Grow the Pie data, Manta continues to hold its spot as the third-ranked Layer 2 network, trailing only Base and Arbitrum. Additionally, the chain has logged 334,000 daily … Read more

BlockTower Capital And Crypto Whales Make Major Moves With EIGEN, Amid Losses

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BlockTower Capital has recently made another significant withdrawal, pulling 372,578 EIGEN tokens (worth $1.18 million) from FalconX. Over the past seven days, the venture capital firm has accumulated a total of 1.026 million EIGEN tokens ($3.57 million) from Wintermute Trading and FalconX, with an average purchase price of $3.482. However, the firm currently faces an … Read more

Bitcoin’s Potential ATH Signals Bull Run, But Altcoin Season Remains Elusive

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As Bitcoin gears up to possibly achieve a new all-time high (ATH) by the end of the year, the anticipated bull run seems to be on the horizon. However, altcoin season has yet to kick off. In light of the current surge in interest surrounding artificial intelligence (AI) tokens, we’ve analyzed key on-chain data and … Read more

TRON’s TRX Supply Decreases By 2.41 Billion Tokens Amid Deflationary Strategy

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TRON’s native cryptocurrency, TRX, has undergone a notable reduction in its circulating supply over the past year, dropping from 88.97 billion to 86.56 billion tokens. This decrease, amounting to -2.93%, equates to approximately $381.2 million in value. The decline is attributed to ongoing token burns and strategic mechanisms aimed at bolstering long-term value and scarcity. … Read more

Bitcoin Bull Market Drawdown Reaches -26% Amid Whale Accumulation And ETF Inflows

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The 2023-24 Bitcoin bull market has experienced a -26% drawdown on a closing basis, a figure consistent with prior uptrend cycles. Despite Bitcoin’s historical resilience, the recent correction marks the most significant decline since the FTX collapse, highlighting a particularly challenging period for market demand. However, larger stablecoin balances on exchanges have positively correlated with … Read more

Polymarket Achieves $600M In Volume Amidst Growing Popularity, But Only 12.7% Of Users See Profits

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Polymarket, a decentralized prediction markets platform, is gaining significant traction as a blockchain solution that promotes true transparency in data and information. In just the first nine days of October, the platform recorded an impressive $600 million in trading volume. Polymarket allows users to bet on the outcomes of real-world events, providing a unique way … Read more