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Major Shiba Inu Whale Amplifies Holdings, SHIB To $0.000037 Ahead?

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5 hours ago

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A major Shiba Inu whale has once again sparked noteworthy market intrigue as it was recorded heavily bagging the meme token on Friday. Notably, on-chain data showed that the trader significantly increased his holdings to $21.72 million worth of SHIB after one month of inactivity. In turn, market watchers anticipate further gains in SHIB price, primarily in light of the massive accumulation and a bullish Q4 for the crypto market.

Shiba Inu Whale Bags Heavily Indicating More Gains Imminent

As per on-chain data from Arkham Intelligence dated, November 29, a super Shiba Inu whale sacked 98.196 billion SHIB, worth $2.54 million, from the crypto exchange Coinone. Notably, per the data, the super whale address 0x9d9f.. was recorded as making huge transactions.

Meanwhile, the data also pointed out that this massive accumulation came following one month of inactivity by the address. It’s noteworthy that this holder has accumulated a whopping 83.63 million Shiba Inu tokens to date from the same crypto exchange since June of this year. The average price for the trader’s accumulation stands at $0.00001842.

Simultaneously, the latest on-chain data indicated that the trader held nearly $22 million worth of the dog-themed meme token. Overall, the massive accumulation has ignited a market frenzy, with investors anticipating further gains in the token’s price amid increased buying and market interest for the asset.

Will SHIB Price Hit $0.000037?

At the time of reporting, Shiba Inu price gained nearly 2% intraday and is trading at $0.00002595. The coin’s 24-hour low and high were $0.00002494 and $0.00002609, respectively. Notably, the weekly and monthly charts for the crypto indicated gains worth 5% and 39%, respectively. Overall, the meme coin surfs bullish tides mirroring market optimism, as seen by the abovementioned colossal buying.

It’s also worth mentioning that the crypto’s token burn mechanism appears to have bolstered the price movements. CoinGape Media reported that the SHIB burn rate soared phenomenally recently, adding to optimism about future movements.

Further, a Shiba Inu analysis by CoinGape Media has highlighted a $0.000037 price target for the token. This positive outlook primarily comes against the backdrop given BTC price hits $100,000 in this bull cycle. Besides, broader market sentiments remain bullish over future prices, with the bullish factors further indicating that a potential rally to $0.000037 for the coin may be imminent.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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XRP Whales Move 139M Coins As Ripple Case Near Potential End

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2 hours ago

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November 29, 2024

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XRP whales have taken action to shuffle over 100 million coins on Friday, setting off waves of speculation among traders and investors globally. As the Ripple Labs vs U.S. EC lawsuit reaches a potential end, these transactions have sparked substantial intrigue over the firm’s native coin’s future movements. Simultaneously, XRP price continues to pump, with the asset even surpassing BNB in terms of market cap.

XRP Whales Move Over 100M Coins, Ripple Case End Looms?

According to data from Whale Alert on November 29, two XRP whales have moved heavy amounts of the token. Per the data, rBJ.. moved 104.39 million coins, worth $167 million, to another unknown wallet, rhD. Subsequently, another whale address, rBE.. moved 35 million coins worth $52.28 million to another address, rsX. Altogether, these transactions ignited a speculative buzz as the company’s lawsuit against the U.S. SEC saw waves turning in favor of the American blockchain payments company.

Notably, the American blockchain payments company’s lawsuit against the SEC saw new turns, primarily in favor of XRP. Former CFTC Chairman Chris Giancarlo told FOX Business that the “new SEC will drop the appeal,” mirroring optimism in light of Donald Trump’s reelection. Pro-XRP Lawyers Bill Morgan, Fred Rispoli and Jeremy Hogan also proclaimed that the appeals will likely get dismissed or withdrawn. Overall, the XRP whale transactions amid these legal maneuvers have gained significant traction among industry participants globally.

On the other hand, the court has granted the motion to amend the order pertaining to judgment and stay in the XRP lawsuit, per the latest California district court filing in the re Ripple Labs Inc litigation. Both parties in the lawsuit collectively agreed that there was no specific reason to delay the judgment in the lawsuit, given class claims were resolved. Meanwhile, the plaintiff has requested the court for an “express finding in an amended judgment” primarily to avoid any further delay in the final judgment.

Ripple’s Coin’s Price Continues To Rally

At the time of reporting, XRP price soared 13% over the past day to reach $1.65. Its intraday low and high were $1.43 and $1.68, respectively. Notably, the token’s 24-hour trading volume witnessed a 50% uptick in value to $9.88 billion. The rising movement, as the lawsuit against the SEC nears its potential end, has ignited significant among traders and investors globally. It’s also noteworthy that the token flipped BNB in terms of market cap, boasting a valuation of $94.39 billion.

Meanwhile, a recent XRP price analysis by CoinGape Media revealed that the coin surged past a five-year resistance level in market dominance. This bullish trend has further ignited sentiments of a $10 target ahead for the coin. Market watchers continue to monitor the token, expecting further gains imminent.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Binance Expands Leverage For Terra Luna Perpetual Trading

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3 hours ago

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November 29, 2024

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LUNC News: The world’s largest crypto exchange Binance has increased leverage by four times for Terra (LUNA) trading. The move comes as the exchange extended support for the Terra Luna community amid the bankruptcy of Terraform Labs. LUNA, LUNC and USTC prices all jumped amid the massive buying sentiment in the broader crypto market.

Binance Offering Four Times Leverage on Terra Luna Trading

In an official announcement by Binance, the crypto exchange revealed updated leverage and margin tiers of LUNA2USDT. The exchange has increased leverage and reduced maintenance margin rate, coming as major news for the broader LUNC community.

The changes were exclusively made for traders looking to take a position of 0 to 5000, 5000 to 25,000, and 25,000 to 100,000. The exchange increased leverage from 11-20x to 51-75x for a position of 0 to 5000, indicating support for Terra Luna price rally.

Also, Binance announced changes in XEMUSDT, ORBSUSDT, LOOMUSDT, LUNA2USDT, QNTUSDT, CHRUSDT, and JOEUSDT USD-M perpetual contracts.

LUNC News: Massive Bullish Momentum Signals

Terra (LUNA), LUNC, and USTC show massive bullish momentum as prices move above support levels. The community also seeks another major token burns from wallets related to beleaguered Terraform Labs and Luna Foundation Guard (LFG).

Terra (LUNA) price trades at $0.502, up 5% in the last 24 hours and 45% in a month. The 24 hour low and high are $0.4746 and $0.5036, respectively. Derivatives trading activity is on the rise amid Binance’s changes to leverage, as per Coinglass data.

Meanwhile, LUNC price has jumped 6% today and 33% this month. The price currently trades at $0.0001221, with a 24-hour high of $0.0001234. USTC price has climbed 10% in a month. Trading volume has increased by 15% in the last few hours.

Total LUNC futures open interest has surpassed the 100 billion mark, up more than 10% in the last 24 hours. 1000LUNC futures open interests on Binance and Bybit have climbed over 9% in the last 24 hours, indicating buying activity among traders.

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Varinder Singh

Varinder has over 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently leading the news team to cover latest updates and developments in the crypto industry.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Whale Moves 1.1 Billion DOGE, Is Rally To $1 Starting?

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4 hours ago

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November 29, 2024

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Dogecoin News: A Dogecoin whale transaction has caught the attention of the crypto community, fueling speculation about a potential price rally. Over 1.1 billion DOGE, worth more than $445 million, were transferred across three transactions involving unknown wallets. Such large-scale movements often hint at accumulation by major investors, signaling bullish sentiment.

This development has reignited discussions about Dogecoin’s trajectory, with many questioning whether the token is positioning itself for a significant breakout. Speculation is growing that DOGE could soon edge closer to the long-anticipated $1 milestone.

Dogecoin News: Whale Transfers 1.1 Billion DOGE Tokens

A notable shift in Dogecoin’s market activity has occurred as a whale moved a staggering 1.1 billion DOGE tokens across three transactions, drawing significant attention from the crypto community. According to Whale Alert, the largest of these transfers involved a massive 500 million DOGE, valued at over $202 million.

Additionally, two smaller transfers of 300 million DOGE each, worth about $121 million, were also carried out. Such large-scale transfers by a single entity typically signal major movements within the market, often linked to accumulation by whales or institutional players.

This whale activity indicates that major investors might be positioning themselves for potential future gains. The scale of the transfers highlights significant interest in top meme coins, likely driven by expectations of an upward price movement. With these transfers, whales could be seeking to secure their positions before any anticipated bullish trends, which could drive demand in the market.

On-chain data from Blockchair data reveals the wallet currently holds 600 million DOGE, making it one of the top 20 largest Dogecoin holders. This accumulation trend, alongside recent high-value transfers, points to continued bullish sentiment within the Dogecoin ecosystem. The growing number of high-value transfers into personal wallets could be an indicator of a potential price surge, with whales strengthening their positions in anticipation of future market movements.

DOGE Price Trends and $1 Speculation

DOGE price is currently trading at $0.412, reflecting a 4% daily increase, 7% weekly growth, and a staggering 143% monthly surge. Its 24-hour trading volume stands at $4 billion, with a low of $0.3922 and a high of $0.4144. With a market cap of $61 billion, Dogecoin remains the seventh-largest cryptocurrency by market value.

Despite a 41% drop in derivative volume and a 58% decline in options volume reported by Coinglass, market sentiment remains strong. Some analysts believe DOGE could hit $1 in the near term, driven by sustained demand and market momentum. Notably, a popular crypto analyst has gone further, predicting DOGE price rise to $4.20 in the ongoing bull cycle, citing DOGE’s historic 500% rally since August.

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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