On-chain data shows that Bitcoin shark-sized wallets have climbed to a new all-time high recently, a sign that could be bullish for BTC. Key Bitcoin Investors Have Been In Accumulation Mode Recently According to data from the on-chain analytics firm Santiment, the total number of sharks on the Bitcoin network has registered an increase recently. The indicator of relevance here is the “Supply Distribution,” which tells us about the amount of BTC wallets that belong to a particular group. Addresses or investors are categorized into these cohorts based on the number of coins that they are carrying in their balance. For example, wallets holding 5 tokens are put into the 1 to 10 coins group. Related Reading: Bitcoin NVT Golden Cross Hits 60-Day Low: Is This Bullish? In the context of the current topic, the wallet range of interest is 100 to 1,000 BTC. At the current exchange rate, the lower end of the range converts to $10.5 million and the upper one to $105 million. Thus, the only addresses that would qualify for the cohort would be the ones belonging to the large traders. This group is popularly known as the sharks. The sharks are certainly not the largest entities on the network—that title belongs to the whales—but they are still influential due to their notable holdings. Below is the chart for the Bitcoin Supply Distribution shared by the analytics firm, which shows the data for these key investors over the last few months. As displayed in the graph, the Bitcoin Supply Distribution for the 100 to 1,000 coins group saw a sharp upwards trajectory during the last few weeks of 2024, implying a large amount of new shark-sized investors popped up on the network. The growth in the indicator has significantly slowed down this year, but it has nonetheless continued as the metric’s value has just set a new record of 15,777 addresses. Bitcoin has seen a pause in its bull run recently, so to see the sharks still be interested in buying the asset could naturally be a positive sign for things to come in the near future. The sharks haven’t been the only investors accumulating recently, as the analytics firm Glassnode has pointed out that the shrimps and crabs have also been seeing positive flows. The shrimps and crabs refer to the Bitcoin investors owning up to 1 and 10 BTC, respectively. As is apparent from the chart, these small entities have combined bought 25,600 BTC during the past month, which is equivalent to 1.9x the Monthly Issuance. Related Reading: Bitcoin Capital Inflows See Notable Slowdown, But Is This A Worry? The Monthly Issuance is the amount that miners have produced/mined over the last 30 days. Thus, it would appear that the retail investors have been absorbing almost twice as much supply as the miners have been minting. BTC Price Bitcoin has been moving sideways over the last few days as its price is still floating around the $105,100 level. Featured image from Dall-E, Santiment.net, Glassnode.com, chart from TradingView.com
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Should Ripple’s XRP Be Part of the US Digital Asset Reserve? Community Debates
President Donald Trump splashed the crypto waters earlier this week when he signed an executive order focused on digital assets to be potentially included in the US reserves. Although it’s not officially approved yet, the decision has sparked substantial debates within the community on which cryptocurrencies should be included or whether it should just be bitcoin. The Debate Ever since Trump changed his tune on the crypto industry last year and made dozens of optimistic promises during his election campaign, the talk of the town has been whether he will stay true to his word and establish a US BTC reserve. The first portion of that plan would be for the US government to stop selling the seized BTC from illegal operations. However, Trump went further on Thursday by signing an executive order titled ‘Strengthening American Leadership in Digital Financial Technologies’ to explore the inclusion of various cryptocurrencies into the US reserve. This sent shockwaves throughout the community, especially those favoring many US-based projects and their underlying assets, such as SOL, XRP, and ADA. Many believe that companies like Ripple are actually working against BTC in this manner by ‘throwing around millions at politicians, desperately trying to derail it.’ Brad Garlinghouse, Ripple’s CEO, refuted the accusations, saying their efforts ‘are actually increasing the likelihood of a crypto strategic reserve (which includes bitcoin) happening.’ Unless you are choosing to ignore the core tenants of the POTUS campaign (which aggressively supports American companies and technologies), our efforts are actually INCREASING the likelihood of a crypto strategic reserve (which includes bitcoin) happening. — Brad Garlinghouse (@bgarlinghouse) January 23, 2025 No XRP, Please Messari’s founder, Ryan Selkis, joined the anti-XRP front, indicating that the Ripple incentive is ‘toxic.’ He went further, described the project’s native token as a ‘piece of s**t,’ and said it would be better to have no crypto strategic reserve than to put XRP in it. Selkis concluded that BTC is the only exception and that it makes sense to be the sole crypto rep in that reserve. America-First is not “American-Shitcoin First” We’d be better off having no strategic reserve than one with a “endorsed” pieces of shit like XRP. Still, I think Bitcoin is an exception. 1. Build different (with energy) 2. Lindy, mcap dominance, no insiders 3. Global traction https://t.co/eCNhKjpgSL — Ryan Selkis (d/acc) (@twobitidiot) January 23, 2025 In contrast, Cardano’s Charles Hoskinson, who has been collaborating with the Ripple team for a while now, said there’s no need to ‘base XRP’ and claimed that the strategic reserve will start as bitcoin-only. The post Should Ripple’s XRP Be Part of the US Digital Asset Reserve? Community Debates appeared first on CryptoPotato . NewsBTC
Comprehensive Insight into $CATZILLA: Cat Meme Magic, Kaiju Culture, and a 700% Growth Potential
What defines an exceptional meme coin? It`s the blend of an entertaining, relatable story and that unique spark that resonates with the crypto crowd. Dogecoin (DOGE) began as a lighthearted nod to Bitcoin, evolving into a cultural phenomenon with significant returns. Shiba Inu (SHIB), known as the “Dogecoin Killer,” emerged with a competitive spirit, carving out its own niche in the meme coin landscape. Meanwhile, PEPE encapsulated the humor and democratic spirit of the internet`s favorite frog, achieving exponential growth shortly after its debut. However, the world of meme coins doesn’t stop with these giants. Enter Catzilla, a fresh contender ready to replicate such success. Drawing inspiration from Japanese kaiju culture, Catzilla captivates a vast audience with its unique theme. But its charm goes further. Its enormous, monstrous, yet delightfully funny cat mascot wins over feline enthusiasts everywhere. At the same time, crypto investors are enticed by its potential as a strong project, backed by solid fundamentals, a transparent roadmap, and enticing presale opportunities that pave the way for significant growth. Let’s explore why Catzilla is set to become the next major player in the meme coin universe. Presale Opportunity: 14 Stages, 14 Chances to Join the Giant Cat The Catzilla presale is as legendary as the giant cat itself. Spanning 14 stages, it mirrors the resilience of a cat’s nine lives—and then some—offering investors numerous chances to secure the $CATZILLA token at special early-bird prices. The presale is swiftly gaining momentum, with Stage 7 currently in progress. Those investing now can still secure their place before the token hits the open market, where prices are expected to climb. The community on CoinMarketCap is overwhelmingly optimistic about $CATZILLA, with 96% expecting its growth. Even before its listing, the journey from Stage 1 to the final presale stage promises an impressive 700% increase. This explosive potential is inherent to the presale’s structure, adding value at every stage. Here`s a Quick Summary: Current Price: $0.0009 Next Stage Price: $0.0010 (+74.3% price increase) Final Presale Price: $0.0016 (+700% from Stage 1) Funds Raised So Far: $1,800,000—and rising fast Why Invest Now? Catzilla’s presale is already more than halfway complete, and as each stage concludes, the chance to purchase tokens at reduced prices diminishes. With a strong roadmap and a devoted community, $CATZILLA is shaping up to be one of the most thrilling projects of 2025. From $0.0009 to $0.0016 and Beyond – Secure $CATZILLA at Presale Prices Before the Last Stage What Makes Catzilla Stand Out? Three Key Strengths Thrilling Gameplay That Engages and Rewards Catzilla offers a high-energy gaming adventure inspired by Japanese anime and kaiju traditions. Players take on the persona of a cat resembling Godzilla, causing mayhem in a world where feline power reigns. The game not only captivates with its exciting visuals and engaging mechanics but also rewards players for their achievements, combining entertainment with tangible benefits. Appeals to All By merging the lively humor of meme culture with the grand artistry of anime and kaiju, Catzilla brings together diverse communities. Crypto enthusiasts, anime fans, and meme lovers form a dedicated group, each known for their passion and loyalty. This union drives both engagement and profitability, making Catzilla more than just a coin—it’s a cultural sensation. A Lively, Dedicated Community Catzilla thrives on its dynamic and expanding community. This is not just a token project; it`s a platform where entertainment meets blockchain, allowing users to embrace chaos while building financial value. Its ecosystem is powered by a passionate group of token holders, crypto fans, anime enthusiasts, and pop-culture lovers. Their energy, creativity, and commitment fuel Catzilla’s momentum, ensuring that the fun never stops, the rewards keep coming, and the project continues to grow and innovate. $CATZILLA: The Token Driving the Feline Revolution Central to the Catzilla initiative is its $CATZILLA token, crafted for lasting growth. With a total supply of 10 billion tokens, it ensures accessibility, scalability, robust rewards, and long-term growth potential, setting the stage for widespread adoption and enduring success. Paws of Progress: What Sets $CATZILLA Apart? Unlike numerous other meme coins, $CATZILLA provides triple utility, distinguishing it in the crowded crypto arena. Here’s why it matters: Governance:As a $CATZILLA holder, you’re not just an investor—you’re a decision-maker. Token holders have the power to vote on key project initiatives, ensuring that the community plays an active role in shaping Catzilla’s future. Incentives:Loyalty pays off in the Catzilla ecosystem. Active participants can earn rewards through a variety of mechanisms, including bonuses, airdrops, and a unique multi-level referral program. These incentives foster engagement and build a thriving community. Staking:$CATZILLA allows holders to put their tokens to work. By staking, investors can generate passive income while directly contributing to the project’s growth and stability. $CATZILLA has all the elements for significant growth. Analysts suggest that after the launch, the token’s market presence and adoption could reach unprecedented levels. Historically, meme coins with strong utility and a vibrant community have experienced remarkable increases in value after exchange listings—sometimes doubling or tripling in price. Don’t miss out on this purr-fect opportunity to join the $CATZILLA movement! How to Acquire $CATZILLA? Buying $CATZILLA tokens during the presale is easy and convenient, even on your smartphone. The platform accepts various payment methods, including SOL, ETH, USDT, POL, BNB, USDT-TRC20, and even credit cards. Here`s how to get started: Step-by-Step Guide to Owning $CATZILLA: Visit the Official Website:Head over to https://catzilla.meme Connect Your Wallet:Tap on the "Connect Wallet" option. Compatible wallets like MetaMask or Trust Wallet are recommended. Choose Your Purchase Amount:Input the amount of cryptocurrency you want to exchange for $CATZILLA tokens. Remember to leave some extra for gas fees. Confirm Your Purchase:Click "Buy Now" and approve the transaction in your wallet interface. Verify Your Tokens:Check your $CATZILLA token balance in the purchase form to ensure the transaction was successful. Note: Before proceeding, ensure your wallet has sufficient funds to cover both the token purchase and the associated transaction fees. ???? Join the Catzilla presale now and secure your stake in this game-changing project! What’s Next for Catzilla? Following the presale, the real journey for $CATZILLA begins. With its vibrant community backing it, Catzilla is gearing up for its TGE (Token Generation Event) and public listings, marking a critical phase for the project. As the token gains exposure and liquidity in the market, its full potential is set to unfold, paving the way for significant growth. Catzilla envisions creating an ecosystem that blends gaming, meme culture, and blockchain innovation, offering users a space where entertainment, rewards, and financial opportunities come together. Getting in early during the presale is just the start—ongoing community support and engagement will propel Catzilla to its ambitious heights as the next icon in the meme coin world. ???? Be part of the Catzilla movement and watch this monstrous cat claim its place at the top! NewsBTC