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Cookie Team Transfers $12.55M in Tokens to Binance: Market Reacts

Eight hours ago, a multi-signature address linked to the Cookie team transferred 20 million $Cookie tokens, valued at approximately $12.55 million, to Binance, according to @spotonchain. This transaction has caught the attention of the community, sparking discussions about its implications for $Cookie’s market performance. Token Allocation History The same address has received a total of 75 million $Cookie tokens from the project’s deployer wallet since June 13, 2024. After the recent transfer to Binance, the wallet still holds 20 million $Cookie, valued at approximately $11.33 million. 【Key Update】: $Cookie Team Transfers 20M Tokens to Binance According to @spotonchain , 8 hours ago, a multi-signature address associated with the Cookie team transferred 20 million $Cookie tokens (approx. $12.55M) to @binance . This address has received a total of 75… pic.twitter.com/VxytMU6SJ6 — Followin (@followin_io) January 11, 2025 Market Impact and Narrowing Gains The announcement of $Cookie’s listing on Binance initially propelled its market cap to over $220 million. However, following the token transfer, $Cookie’s gains have started to narrow, with its current market cap now sitting at $160 million. This decline has raised questions about potential selling pressure and its impact on the token’s near-term performance. The Vision Behind Cookie @cookiedotfun, the team behind $Cookie, is developing the first index and data layer for AI agents in the market. This ambitious project positions Cookie as a pioneer in integrating blockchain technology with AI, making it a compelling proposition for investors. Crazy price action for $COOKIE after the @binance `s listing @cookiedotfun is building the first index and data layer for all AI Agents on the market $VIRTUAL is the first project that integrated Cookie`s APIs This will see exponential growth soon pic.twitter.com/6Bi0owKXuz — ANYMA (@0xAnyma) January 10, 2025 What’s Next for $Cookie? The large token transfer to Binance has created mixed market sentiment, with some investors concerned about potential sell-offs and others viewing it as an opportunity for increased liquidity and exposure. As the team continues to build its innovative platform, the market will likely watch closely for further updates and developments. With its growing ecosystem and high-profile exchange listing, $Cookie remains a project to monitor in the rapidly evolving blockchain and AI landscape. 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: nijieimu/ 123RF // Image Effects by Colorcinch CoinOtag

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Ethereum Dominates Blockchain

Ethereum has claimed the top spot for blockchain revenue in 2024, generating a staggering $1.9 billion. This positions Ethereum ahead of its competitors, further solidifying its dominance in the decentralized ecosystem. Meanwhile, Solana secured the third position with a revenue of $374 million, showcasing strong performance but still trailing Ethereum by a significant margin. NOW: Ethereum ranked 1st in 2024 for the highest revenue among blockchains, with $1.9B. Solana finished 3rd with $374m in revenue last year. pic.twitter.com/xOVO8lRhHv — Cointelegraph (@Cointelegraph) January 10, 2025 Ethereum Retests Key Channel Ethereum is currently retesting a crucial price channel, a formation that could signal a major market shift. Historical data suggests that when Ethereum follows the path of converging consolidation and channel patterns, it often leads to significant price surges. If this trend holds true, investors might see a substantial upward movement in the coming months. Ethereum Spot ETF Outflows Despite Ethereum’s revenue success, on January 10, Ethereum spot ETFs experienced a total net outflow of $68.48 million. The largest contributor to this outflow was Fidelity’s Ethereum ETF (FETH), which saw a notable $65.43 million exit in a single day. This could indicate a temporary shift in investor sentiment or a response to broader market conditions. On January 10, the total net outflow of Ethereum spot ETFs was $68.4788 million. The Ethereum spot ETF with the largest net outflow in a single day yesterday was Fidelity ETF FETH, with a net outflow of $65.43 million in a single day. https://t.co/Tvs2oCS03I pic.twitter.com/XK8da93TOA — Wu Blockchain (@WuBlockchain) January 11, 2025 Looking Ahead As Ethereum continues to retest key levels, the market is closely watching for potential breakout opportunities. While recent outflows from Ethereum spot ETFs have raised concerns, the larger narrative of Ethereum’s dominance and historical price patterns remains bullish. With a strong revenue performance and potential for a surge, Ethereum’s prospects in the coming months look promising. #Ethereum is currently retesting the channel If $ETH follows its history of the formations of converging consolidation and channel patterns, a massive surge could occur in a few months. pic.twitter.com/cw7UTbp20l — Trader Tardigrade (@TATrader_Alan) January 11, 2025 Conclusion Ethereum’s revenue performance in 2024 places it firmly at the top of the blockchain sector. While short-term outflows from Ethereum ETFs may cause some hesitation, long-term investors are likely to remain optimistic about Ethereum’s future, especially given its historical patterns and current market behavior. 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: iloveotto/ 123RF // Image Effects by Colorcinch CoinOtag