Can next week become positive for Bitcoin (BTC)?
U.Today
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Source: U.Today
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Top 10 Gainers Of The Week: $USUAL, $MOVE, And $HYPE Lead Amid Market Volatility
While the broader crypto market faced significant turbulence this past week, a few tokens stood out by defying the downward trend. Among the top performers were newly launched tokens like $USUAL, $MOVE, and $HYPE, which maintained their bullish momentum. Even stablecoins showcased remarkable resilience, providing stability amidst the chaos. Interestingly, $Fartcoin and $BGB also moved counter to the market sentiment, continuing their upward trajectory. Top 10 Gainers in the last 7 days Amidst the bloodbath market, newly launched $USUAL , $MOVE , and $HYPE continued their impressive uptrend, while stablecoins showcased resilience during market turbulence. Also, $Fartcoin and $BGB are moving against the market. pic.twitter.com/eohXLRtA0L — CryptoRank.io (@CryptoRank_io) December 20, 2024 One of the standout tokens, $USUAL, gained significant traction in the market for tokenized U.S. Treasury bills. Two prominent market makers, GSR Markets and Amber Group, have played pivotal roles in $USUAL’s success. – Amber Group: Responsible for market making 12 million $USUAL tokens, Amber currently holds 1.6 million tokens worth $2.54 million, making it one of the top 12 holders. – GSR Markets: With market-making activities for 8 million $USUAL tokens, GSR now holds 2.76 million tokens valued at $4.4 million, ranking as the ninth-largest holder. 万红从中一点绿 GSR Markets 和 Amber Group 为近期 RWA 新秀 $USUAL 的做市商 Amber:做市数量 1200 万枚,当前持仓 160 万枚(254 万美金),为当前持仓 Top12 地址 https://t.co/VPwkTU4cD5 GSR:做市数量 800 万枚,当前持仓 276 万枚(440 万美金),为当前持仓 Top9 地址… https://t.co/aEns7i3J0Z pic.twitter.com/qokr0q3IdY — Ai 姨 (@ai_9684xtpa) December 20, 2024 $USUAL boasts the highest market share in tokenized U.S. Treasury bills, surpassing competitors. It has attracted over 15,000 users, far outpacing the combined user base of other protocols like Ondo, BlackRock, and Mountain, which collectively have 5,200 users. Additionally, $USUAL contributes nearly 80% of the total value locked (TVL) for Hashnote, the leading on-chain T-bill provider. $USUAL has the highest market share in tokenized US T-bills right now. Ondo, BlackRock, Mountain, and other protocols have around 5.2K users, while $USUAL alone has 15K users. Around 80% of the TVL for the leading on-chain T-bill provider, Hashnote, also comes from Usual Money. pic.twitter.com/GXqppazGEl — hitesh.eth (@hmalviya9) December 20, 2024 As the market continues to navigate choppy waters, $USUAL’s performance highlights the growing demand for tokenized real-world assets, offering a glimmer of hope for investors seeking stability and growth opportunities. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any projects. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: peshkov/ 123RF // Image Effects by Colorcinch U.Today
Whale “pleven.eth” Executes Strategic LINK Trades, Secures $3.53M Profit
A prominent crypto whale, operating under the alias “pleven.eth” (address 0xd51), has recently executed a highly strategic LINK trade, taking advantage of market volatility. Over the past 24 hours, the whale spent $3.019 million in USDT to repurchase 134,433 LINK tokens at an average price of $22.461 after the token’s price dropped by 14.51%. Interestingly, just 21 hours prior, the whale had sold 120,814 LINK for $3.019 million USDT at an average price of $24.986. This sequence of transactions marked the completion of a successful sell-high, buy-low cycle, earning the whale a remarkable $3.53 million profit (+146%) over a 1.75-year holding period. This latest activity represents the whale’s third LINK trade, following the first two which netted a combined profit of $3.292 million (+71.4%), albeit with a win rate of 50%. The recent transactions underscore the whale’s ability to capitalize on market dips and rallies with precise timing. What a successful $LINK sell-high, buy-low round! Yesterday, whale 0xd51 “pleven.eth” sold 120,814 $LINK for 3.019M $USDT and, just 6 hours ago, used the proceeds to buy back 134,433 $LINK right at the bottom of the dip. Currently, this whale is on its third $LINK trade. From… pic.twitter.com/iwWURBwpqv — Spot On Chain (@spotonchain) December 20, 2024 The whale’s calculated moves demonstrate a strong understanding of market trends and a clear strategy for maximizing returns. As LINK’s price remains volatile, such maneuvers showcase the potential for substantial gains in the crypto market when executed with precision. For traders and market watchers, pleven.eth’s trades provide valuable insights into the art of timing the market and navigating periods of heightened volatility. As LINK’s price continues to fluctuate, all eyes are on this whale’s next move. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: fellowneko/ 123RF // Image Effects by Colorcinch U.Today