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Smart Money Trades 3.72B FLOKI With 10x ROI, More Steam Left?

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10 months ago

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Floki Inu (FLOKI), a renowned dog-themed meme coin created by fans of the Shiba Inu community, has made significant strides in its cryptographic journey. The token, which has shown promising growth, emerged among the top crypto gainers today, rallying nearly 7%. Amid this price rally embarked upon by FLOKI, a smart trader has shifted colossal amounts of tokens to Gate.io, underscoring considerable profits if sold at current prices. This has sparked speculation among crypto market participants about a potential topped price level reached by FLOKI’s price.

Here’s a deeper analysis of the smart trader’s transaction and the meme coin’s current market data, which appears to be igniting a frenzy among crypto investors.

Smart Money Trades FLOKI To Nab 10x ROI

Interestingly, as per the insights shared by ‘The Data Nerd’ on-chain transaction tracker, a smart trader unstaked and deposited a staggering 3.72 billion FLOKI, valued at $1.03 million, to the Gate crypto exchange. What’s more intriguing is that this trader had acquired these tokens for a mere $101K from the same exchange. If the trader decides to sell at the current price, the realized profit would be a whopping $900 K, showcasing a remarkable 10x ROI (Return on Investment).

Concerning this, speculations about the smart trader’s loss of confidence in the asset’s potential to offer future gains prevail in the market.

It’s worth noting that FLOKI’s recent price surge comes against the backdrop of a plethora of optimistic news. These developmental chronicles, including the introduction of trading bots, Coinbase’s extension of support to the meme coin, and token-burn proposals, have caused a snowball effect on the token’s price.

Also Read: XRP Whale Offloads 28M Coins Despite Optimism For $1 Run Ahead, What’s Happening?

FLOKI Price Soars

Meanwhile, as of this writing, FLOKI’s price has risen 3.86% in the past 24 hours and is currently trading at $0.0002736. The token’s 24-hour lows and highs were recorded to be $0.000257 and $0.0002886, respectively.

Coinglass data further underscored a strong market uptrend for the dog-themed meme coin, aligning with the price rally. FLOKI’s Futures OI chart illustrated a substantial spike today, surging 13.64% to $30.41 million, accompanied by a derivatives volume upsurge of 158.40% to $393.29 million. This data hinted at rising trading activity and investor interest in the asset.

Besides, the RSI further rationalized the coin’s upside momentum, resting at 72. The RSI hints that Floki Inu has entered the overbought territory, and crypto investors expect a potential price correction moving ahead. Nonetheless, the market uptrend could push the prices up further in the short run before it finally corrects itself.

Also Read: Bitcoin Whales In Accumulation Mode, Seller Exhaustion Apparent

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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.

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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Analyst Reveal How Ethereum Price $8,000 Move Could Be In Play

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18 minutes ago

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March 12, 2025

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Ethereum price is poised for further recovery as analysts have identified hidden bullish divergence that could enhance the previous rally. The pattern which indicates momentum shifts has it that, contrary to the present slump in the price, ETH could be on course to rise above its previous record high of $4,850.

If this pattern holds, Ethereum could be positioned for a climb to $8,000, a move that would likely trigger an altcoin rally.

Hidden Bullish Divergence Signals Ethereum Price Rally to $8,000

Analyst Javon Marks shared on the X platform that Ethereum price has confirmed a Hidden Bullish Divergence, which often signals a continuation of an existing uptrend. The pattern indicates that despite a recent pullback, the underlying momentum remains strong, suggesting a recovery in ETH price.

This technical formation typically appears when an asset’s price makes a higher low while its relative strength index (RSI) forms a lower low. Such a setup often leads to a continuation of the previous uptrend. With Ethereum price already displaying this pattern, analysts believe the next major resistance level to watch is $4,850. A successful breakout above $4,850 could clear the way for Ethereum price to reach $8,000. 

ETH priceETH price
Source: X

Ethereum Drops Below Realized Price

Additionally, Ethereum recently fell below its realized price of $2,054 for the first time since February 2023. The realized price represents the average price at which ETH tokens last moved on-chain, providing insights into the overall market sentiment and profitability of holders.

On-chain data from Glassnode revealed that Ethereum’s market value to realized value (MVRV) ratio dropped to 0.93, indicating an average unrealized loss of 7% for ETH holders. Historically, dips below the realized price have often preceded market recoveries as long-term investors accumulate during these periods.

However, a recent CoinGape price analysis revealed that Ethereum price might see further downside if selling pressure continues to rise. Whale transactions to exchanges have intensified, raising concerns about a potential ETH drop below the $1,500 mark. However, a bullish diamond pattern suggests that ETH could rebound if it breaks key resistance levels.

Momentum Could Trigger Altcoin Rally

Notably, a rally above $4,850 may take Ethereum price to $8,000 and possibly trigger an altseason. Majority of the altcoins replicate the movement of ETH especially when the price is rising sharply.

Moreover, such a rally will bring institutional and retail investors into the market, therefore, a multiplier effect may be observed across other cryptos. This would be good for altcoins as many of them are yet to recover from the effects of recent pullbacks.

Analysts have identified the $1,600 to $1,900 range as a potential support zone for Ethereum price. Recent data from Glassnode shows that around 600,000 to 700,000 ETH were accumulated near the $1,900 level.

If the top altcoin maintains this support and gains momentum, the resistance at $2,200 could be the next hurdle. A successful breakout from will set the stage for an altcoin rally to $4,850, confirming the path to $8,000.

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Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

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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Analyst Reveals When The XRP Price Will Hit Double & Triple Digits

Published

3 hours ago

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March 12, 2025

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Crypto analyst Egrag Crypto has revealed when the XRP price will hit double and triple digits. This provides a bullish outlook for XRP especially amid the recent market crash and its brief drop below the psychological $2 price level.

When The XRP Price Will Hit Double & Triple Digits

In an X post, Egrag Crypto stated that the XRP price will hit double digits in this cycle and triple digits in the next cycle. for triple digits, his accompanying chart showed that XRP could reach as high as $110. Interestingly, crypto analyst Dark Defender also recently predicted that XRP could reach triple digits, although he provided a more bullish outlook for the crypto as he predicted that it could reach $333.

Meanwhile, in another X post, Egrag Crypto suggested that XRP’s recovery could be imminent. While analyzing the weekly Relative Strength Index (RSI), he stated that the crypto simply needs to cross 71.50 and then ‘kaboom,’ indicating a parabolic rally.

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He noted that on the 60 level, XRP’s RSI is starting to kick upward. The analyst added that as the crypto builds strength from 60, it could easily climb back above 80. However, he remarked that it first needs to close above 71.50.

Crypto analyst Rose Premium also recently predicted that XRP could soon rally to as high as $3.35. The analyst stated that a bounce from the current support level of $2.12 could drive the crypto’s price towards key targets at $2.32, $2.61, $2.90 and then $3.35.

 A Rally To $5 Is Also On The Cards In The Mid Term

Crypto analyst Dark Defender also indicated that an XRP price rally to 45 was also on the cards in the mid-term. This came as he highlighted this price level as one of the targets in his recent analysis.

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He noted that XRP has finished the correction on the four-hour time frame. Analyzing the daily chart, he stated that XRP is expected to move towards $2.42 first considering the correction structures. He added that the real momentum will start after XRP stands above Ichimoku clouds.

The analyst highlighted $2.22 and $2.04 as the key support levels to watch out for. Meanwhile, he stated that the targets for XRP at the moment are $4.2932 and $5.8563.

It is worth mentioning that fundamentals such as the XRP ETFs and a potential Ripple SEC settlement provide a bullish outlook for the XRP price. Yesterday, asset manager Franklin Templeton filed the S-1 for its XRP ETF with the US SEC. Meanwhile, Journalist Eleanor Terrett recently reported that the SEC could soon close its case against Ripple.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.

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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Here Are The Possible Outcomes of the Ripple vs SEC Case

Published

6 hours ago

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March 12, 2025

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Despite growing speculations, the prolonged XRP lawsuit remains unresolved. The community is divided on the likelihood of an early settlement of the case. Meanwhile, experts unveil five potential outcomes for the Ripple vs SEC case, fueling further debate.

Let’s break down the potential outcomes of the XRP lawsuit and their implications for the Ripple ecosystem.

XRP Lawsuit Resolution: Things To Know

Though the US Securities and Exchange Commission (SEC) has dismissed several crypto lawsuits over the past few weeks, the settlement of the Ripple case remains uncertain. Experts argue that an early settlement is unlikely to happen. All Things XRP, a leading XRP advocacy platform on X, outlined five potential scenarios for the lawsuit’s resolution, providing more clarity to the matter.

In an X post, All Things XRP unveiled five possible outcomes for the protracted XRP lawsuit. These include the SEC dropping its appeal, a reduced penalty, the appeal court reversing the decision, the fine being upheld but the injunction lifted, and the SEC completely dropping the case. Each outcome has a different likelihood of happening, ranging from 15% to 35%.

Will US SEC Withdraw Appeal in the Ripple vs SEC Case?

Aligning with many expert predictions, All Things XRP highlighted the possibility that the SEC might withdraw its appeal under new leadership, potentially paving the way for a resolution in the Ripple case.

However, the XRP advocate added that the existing $125 million fine and the injunction on institutional XRP sales, as ruled by Judge Torres, would still be in place. Experts consider this outcome plausible, with a likelihood of 35%, as policy shifts are possible, but the injunction’s persistence complicates the situation.

Reduced Penalty and Court Decision Reversal

As All Things XRP noted, there’s a 30% chance that Ripple could negotiate a reduced penalty with the SEC. For example, the $125 million fine could be lowered to $75 million as part of a potential settlement.

However, here too, the injunction remains a significant obstacle, as dissolving it would require court approval. The analyst suggested that Paul Atkins, once confirmed as SEC Chair, might advocate for this approach.

Interestingly, there is also a possibility of overturning Judge Analisa Torres’ XRP ruling, but with only 20% likelihood. The analyst predicted that the Second Circuit might uphold the SEC’s appeal, classifying programmatic XRP sales as securities under the Howey Test. This could lead to a hefty fine of over $500 million and an expanded injunction.

Prominent legal experts like Jeremy Hogan and MetaLawMan pointed out these intricacies as major obstacles to the lawsuit’s early end.

XRP Lawsuit Conclusion: Can Injunction be Lifted with Fine Upheld?

According to All Things XRP, Ripple’s cross-appeal could ultimately uphold the $125 million fine imposed by Judge Torres. In addition, Ripple may convince the court to drop the injunction if it shows there’s no ongoing securities law violations.

Notably, this would pave the way for institutional sales to resume. With a 25% likelihood, this outcome hinges on Ripple’s argument impressing the court and tackling the injunction’s concerns.

SEC To Abandon the Ripple vs SEC Case

With the least probability, the SEC might abandon its case against Ripple, effectively nullifying the $125 million fine and seeking court approval to dissolve the injunction. This outcome, though unlikely, could emerge amidst a broader deregulatory shift. But it would still require court approval, making its likelihood a mere 15%.

Recently, lawyer Jeremy Hogan commented that a March resolution is possible in the XRP lawsuit with the injunction concerns dealt with later.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

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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