IntoTheBlock envisions a two-way route for Avalanche (AVAX Coin). Grayscale recently transferred 10,579 ETH to Coinbase Prime. Sigil Fund transferred 1.47 million LDO Coin to Binance. And more…
News on LDO, RARE, AVAX Coin and these 4 altcoins!
Grayscale transferred 10,579 ETH to Coinbase Prime
As you have been following on Kriptokoin.com, the market is following a volatile course. Selling pressure on Bitcoin and Ethereum continues. In this environment, Grayscale recently transferred 10,579 ETH to Coinbase Prime. This corresponds to approximately $27.5 million at current prices.
SuperRare Treasure moved 7.5 million RARE to Binance!
SuperRare’s RARE token rose strongly after Binance listed it on the futures market up to 50X. Shortly before today, SuperRare Treasury transferred 7.5 million RARE to Binance via GSR, according to on-chain monitor Lookonchain. That’s equivalent to about $1.8 million at current prices.
Sigil Fund transferred 1.47 million LDO Coins to Binance!
According to on-chain watcher Ember, recently, investment firm Sigil Fund transferred 1.47 million LDO Coins (about $1.56 million) to Binance. If the investment firm sells the LDO Coin stack, it will lose $1.44 million.
Alex Lab will compensate users!
Alex Lab published an official update about the theft on social media on August 19th. “We are committed to transparency and user compensation. Starting June 5, 2024, all ALEX revenues will be used to compensate users affected by the attack.” Earlier, ALEX Lab lost $4.3 million in the attack. It also promised a 10% reward to the hackers for returning the stolen assets. It has since recovered some of the stolen funds. It also plans to remediate for affected users.
Bloktopia, delisted by OKX, made a statement!
Leading cryptocurrency exchange OKX recently delisted Bloktopia (BLOK). This development caused the token value to drop. Despite this, the Bloktopia team is still committed to developing the project and has received approval for its mobile app. In this context, Bloktopia made the following announcement:
About a recent decision by OKX and what it means for Bloktopia, we received an email from OKX on August 16th stating that our BLOK token will be delisted as of August 23rd, 2024. Delisting tokens or trading pairs is a standard procedure that OKX performs from time to time and may be based on factors such as risk assessment, liquidity considerations, development activity, user community feedback and overall trading performance. As a project, Bloktopia has a high liquidity level of over $2,000,000 on the 18 CEX and DEX where it is listed. …
Tron ecosystem explodes with SunPump!
Justin Sun, founder of Tron (TRX), introduced a new platform called SunPump. This platform allows users to create their own meme coins on the Tron Blockchain. Since its launch, the project has led to a significant increase in transactions in the Tron DAO ecosystem. According to IntoTheBlock data, the Tron ecosystem experienced a 124% increase in transactions ranging from $100 to $10,000. This increase is believed to be the result of growing excitement around SunPump, a Tron-based platform specifically designed for the launch and trading of meme coins. IntoTheBlock shared the following on the subject:
The Tron DAO ecosystem experienced a 124% increase in the number of transactions between $100 and $10,000, likely due to increased interest in the meme coin platform SunPump.
IntoTheBlock has charted two routes for AVAX Coin!
On-chain analytics platform IntoTheBlock predicts a two-way route for Avalanche (AVAX Coin). In this context, IntoTheBlock made the following statement for AVAX Coin:
At the end of 2023, AVAX rose from $9 to $44 in just two months. It is currently trading around $20, a level that previously served as resistance, and we don’t see significant on-chain resistance nearby. AVAX’s trajectory is currently at the mercy of broader market sentiment. A wave of optimism could push it towards the key resistance level at $30, while a pullback in sentiment could push it as low as $16.
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