Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Whale Activity And Market Declines Drive Ethereum Volatility

The recent dip in Ethereum’s price has prompted significant movements among crypto whales, as some have resorted to selling $ETH to cover debts. In the past two days, a single whale deposited a total of 31,968 $ETH (valued at $122.3 million) to Binance, with 22,746 $ETH ($77.7 million) moved in the last five hours alone. The funds were exchanged for stablecoins to repay loans on platforms like Spark and Aave. The recent price drop forced whales to sell $ETH to repay debts. A whale deposited 22,746 $ETH ($77.7M) to #Binance in the past 5 hours and withdrew stablecoins from #Binance to repay debts on #Spark and #Aave . And this whale has deposited a total of 31,968 $ETH ($122.3M) to… pic.twitter.com/vhw9J1KTkP — Lookonchain (@lookonchain) December 20, 2024 The Ethereum Foundation also made headlines after its timely sale of 100 $ETH on December 17. This transaction coincided with a 17% drop in $ETH’s price, marking yet another well-timed top sale. Over the past year, the foundation has sold 4,466 $ETH ($12.6 million) across 32 trades, with nearly half executed at market peaks. Since the #EthereumFoundation sold 100 $ETH on Dec 17, the price of $ETH has dropped by ~17%, marking another successful top sale. Over the past year, #EthereumFoundation has sold 4,466 $ETH ($12.6M) across 32 trades, with 15 of them executed at the top(marked in red in the… pic.twitter.com/DA7nGAgbxr — Lookonchain (@lookonchain) December 20, 2024 As prices fell, the losses extended to other prominent traders. Trump’s World Liberty (@worldlibertyfi) recorded a $6.15 million loss on its recent acquisitions, primarily driven by a $4.86 million hit from $ETH. As the market declined, #Trump `s World Liberty`s recent purchases of $ETH , $WBTC , $AAVE , $LINK , $ENA , and $ONDO fell into the red, with a total loss of $6.15M. The biggest loss came from $ETH , totaling $4.86M. https://t.co/aOEC9OCBT1 pic.twitter.com/4SL29JpFFj — Lookonchain (@lookonchain) December 20, 2024 Despite this, the entity continues to buy the dip, purchasing 759 $ETH for $2.5 million just 20 minutes ago. In total, World Liberty has accumulated 9,587 $ETH ($35 million) at an average price of $3,651, narrowing its $ETH losses to $3.4 million. Trump`s World Liberty( @worldlibertyfi ) spent 2.5M $USDC to buy 759 $ETH again 20 minutes ago. So far, #WorldLiberty has bought a total of 9,587 $ETH ($35M) at an average price of $3,651. Their loss on $ETH has narrowed to $3.4M. https://t.co/h3YVUEyx6L pic.twitter.com/yAeUqGet1r — Lookonchain (@lookonchain) December 20, 2024 Adding to the turbulence, the Ethereum spot ETF experienced a net outflow of $60.47 million on December 19, breaking an 18-day streak of inflows. Ethereum spot ETF had a total net outflow of $60.4677 million on December 19, the first net outflow after the net inflow in the past 18 days. https://t.co/Tvs2oCSxTg pic.twitter.com/tO6fltURdn — Wu Blockchain (@WuBlockchain) December 20, 2024 The combination of whale activity, foundation sales, and institutional outflows highlights Ethereum’s volatility amid the broader market decline. While some traders seek opportunities to buy the dip, the market remains uncertain as losses continue to mount. 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: nexusplexus/ 123RF // Image Effects by Colorcinch nft.news

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Electric Elon Musk (ELECMUSK) Solana Memecoin to Explode 18,000% Before Exchange Listings, While SHIB and DOGE Lag

Electric Elon Musk could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Electric Elon Musk (ELECMUSK), a new Solana memecoin that was launched today, is set to explode over 18,000% in price in the coming days. This is because ELECMUSK is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Electric Elon Musk can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Electric Elon Musk could become the next viral memecoin. Electric Elon Musk launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Electric Elon Musk on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Electric Elon Musk by entering its contract address – GLb1x7V9aav8iRjsxgG5UXdxLdk7YkrkcnKYByr542UD – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like ELECMUSK. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. nft.news