Avalanche (AVAX Coin) managed to overtake Tron in the rankings in its latest move. With the contribution of two anonymous whales, SHIB Coin burning rates increased by 545 percent. A giant whale sold ENS and then bought MKR! And more…
News from MKR, APE, AVAX Coin and 6 altcoins!
Avalanche (AVAX Coin) displaces Tron (TRX)
As you follow on Kriptokoin.com, the recovery process continues in the market. In this process, some place changes among altcoins attract attention. Avalanche (AVAX Coin) managed to overtake Tron in the rankings as the market brightened after a sudden recovery on Sunday evening. During the day, AVAX Coin rose by more than 10% to $32.87. Thus, AVAX Coin increased its weekly gain to 18.44% to underline its continuous positive return. Avalanche’s growth trends pushed it to reach a market capitalization of $12,600 million. This pushed it above Tron’s value of $11.835 million.
SHIB Coin burning rates increased by 545 percent
The Shibburn wallet tracker, popular among the Shiba Inu community, reported an impressive increase in one of the key SHIB metrics, burns, since Sunday morning. The data source noted that these burns were carried out by just two anonymous SHIB whales. Shibburn reported that 10,359,000 SHIBs were burned between 13 and 16 hours ago. A total of four transactions were carried out by two anonymous wallets. The first wallet, ending in -205b5, burned two piles of 4,559,000 and 3,000,000 SHIB. The second, ending in -eaa40, burned two identical SHIB stacks of 1,400,000 SHIB each.
A giant whale sold ENS and then bought MKR!
A whale recently made notable transactions involving Ethereum Name Service (ENS) tokens. Between July 8 and July 12, the whale withdrew 73,059 ENS worth approximately $1.85 million from cryptocurrency exchanges Binance and Gate.io. He bought the tokens at $25.36 each. Today, the whale deposited all of its ENS back into Binance and Gate.io at a price of $26.86 per token. This strategic move generated about $109,000 in profit for the whale. Following the ENS transactions, the whale turned its attention to Maker (MKR) tokens. In the last four hours, the whale withdrew 1,026 MKRs worth approximately $2.98 million from both Binance and Gate.io.
APECoin DAO opens APE-themed hotel in Bangkok
APECoin DAO is set to open an innovative APE-themed hotel in a prime location in the center of Bangkok, Thailand. The hotel will feature a variety of engaging events and attractions. These include ApeCoin-themed exhibitions, an APE bar, numerous APE community-themed rooms, an APE swimming pool and an MBA-themed exhibition space. These facilities are designed to fully promote ApeCoin, ApeChain and the various APE communities and provide guests with a unique and immersive experience.
Ondo’s USDY launched on the Cosmos ecosystem
The Noble Blockchain and Ondo Finance teams have launched the Ondo US Dollar Yield (USDY) on Cosmos, introducing the first local yield dollar stablecoin in its ecosystem. The move brings USDY, a stablecoin product and tokenized note secured by short-term US Treasury bonds and US bank demand deposits, native to the 90+ application-specific Cosmos Blockchain. While USDY will be made available through Noble Blockchain, many other Cosmos Blockchain and DeFi projects will benefit from USDY, including Injective, Osmosis, Kujira and Pyth.
Ord.io announces the launch of the Liquidium Runes airdrop
Ord.io announced the start of the Liquidium Runes airdrop on the X platform. Holders of OMB, Quantum Cats, Pizza Ninjas, Bitcoin Puppets and NodeMonkes can check their wallets to confirm whether they have received the airdrop. Liquidium Runes were reportedly issued by Liquidium, a Bitcoin asset lending platform.
Cardano reaches 94 million transactions in epic milestone
Cardano (ADA) reached an important milestone, surpassing 94 million transactions. This achievement underscores the network’s growing adoption. In addition to transactions, Cardano is also seeing growth in other network parameters. As noted in Input Output Global’s (IOG) latest weekly report, the total value locked on the Cardano network is currently ADA 548.4 million. 2 million native tokens have been minted in the 10th 146,328 token policy out of 146,328 tokens. Plutus scripts total 67,950 and there are currently 1,368 projects built on Cardano.
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