Three recent academic papers explore how to price cryptocurrencies when—unlike companies—they don’t have balance sheets.
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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 Decrypt
Whale Recovers $1.53 Million In PEPE Trades After Months Of Losses
A whale who lost $1.53 million trading PEPE earlier this year has made a remarkable comeback. Over the past nine months, the trader accumulated a staggering 1.42 trillion PEPE at an average price of $0.000009387. However, the whale sold off 650 billion PEPE at a loss. 今年八月交易 $PEPE 亏损 153 万美金的巨鲸终于扳回一城了 过去九个月内他以均价 $0.000009387 建仓了 1.42 万亿枚 PEPE,其中 6500 亿枚已割肉卖出;四小时前又以均价 $0.00002258 充值了 3000 亿枚 PEPE,若卖出将获利 396 万美金,成功弥补此前的亏损 剩余 2633 亿枚仍浮盈 338… https://t.co/n4iGjMjOt2 pic.twitter.com/6RiE3bK6wL — Ai 姨 (@ai_9684xtpa) December 18, 2024 On December 18, the trader re-entered the market, purchasing an additional 300 billion PEPE at $0.00002258 each. If sold at today’s price, the whale would net a profit of $3.96 million, successfully covering the previous losses. Just nine hours ago, this whale liquidated its PEPE holdings during a market dip, selling off the remaining 263.3 billion PEPE at $0.00001804 per token. These holdings are now worth $4.75 million, and if sold, the whale could secure a profit of $2.28 million. 更新:这位巨鲸 9 小时前大盘暴跌时清仓 PEPE 了 最后剩余的 2633 亿枚 PEPE 在 $0.00001804 充值进了 #Kraken ,价值 475 万美金,若卖出将获利 228 万美金 至此长达九个月的 PEPE 持仓已全部卖出,共获利 624 万美金;真 在哪里跌到,就在哪里爬起来了 下次再写这个地址,就得改 title 了哈哈 pic.twitter.com/H36PkZmWz0 — Ai 姨 (@ai_9684xtpa) December 20, 2024 In total, after nine months of ups and downs, the whale has sold all of its PEPE position, earning a total profit of $6.24 million. Despite the earlier losses, the savvy trader’s strategic moves have paid off, illustrating the volatile yet rewarding nature of the crypto market. 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 ! Decrypt