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Understanding the Implications of Decreasing Exchange Supply and Increased Accumulation for the Future of Ethereum
Decrypting Saylor's Analysis: Potential Shift in Bitcoin Trend and the Challenges of Overcoming Key Resistance Levels
XRP struggles as selling pressure rises and network activity declines. Traders watch key levels to determine if further downside is ahead.
Pi Network’s PI IOU price is at a pivotal moment as its Open Network launch nears. With weakening momentum, traders watch for a breakout or breakdown.
Solana struggles despite hype around LIBRA, while Pepe and Chainlink show stability. Can these altcoins maintain momentum or will they face further declines?
- 16:13PENGU token deployment address transferred $2.94 million worth of tokens to CEX one hour agoAccording to a report by Jinse Finance, Arkham monitoring shows that the PENGU token deployment address transferred tokens worth $2.94 million to a CEX via an intermediary address one hour ago. Previous statistics indicate that since July 12, a total of 1.81 billion PENGU tokens (approximately $54.61 million) have been transferred from the PENGU token deployment address to CEXs.
- 16:03Analysis: Recent Suspected CEX Fund Manipulation in ZORA, with Almost No On-Chain Transactions Exceeding $500,000According to ChainCatcher, on-chain analyst @ai_9684 xtpa posted on X, stating that ZORA has surged 931% in the past month, seemingly creating an independent altcoin rally. However, there have been no on-chain transactions exceeding $500,000 recently, suggesting that the price movement may be driven by funds within centralized exchanges (CEX). On the exchange with the highest ZORA spot trading volume, the 24-hour trading volume reached $82.6 million, while the exchange with the highest ZORA contract trading volume saw a 24-hour volume of $1.354 billion—16.4 times that of spot trading. ZORA’s circulating supply ratio is 35%, and starting this October, tokens allocated to investors, the treasury, and the team will begin to be unlocked. The market maker is GSR Markets. Additionally, market data shows that ZORA briefly broke through $0.10, setting a new all-time high.
- 16:02A whale purchases $1.58 million worth of GP at an average price of $6.57According to Jinse Finance, Onchain Lens monitoring shows that a certain whale purchased $1.58 million worth of GP at an average price of $6.57 using USDC and SOL.