Cryptocurrency News
Ethereum’s Layer 2 (L2) ecosystem is experiencing explosive growth, with Base and Arbitrum One emerging as the top contenders, boasting over 1.5 million active addresses combined. Base, in particular, has seen a remarkable rise in 2024, with active addresses skyrocketing from near zero to 1 million in just nine months. […]
In the ever-evolving world of cryptocurrency, understanding token supply trends is crucial for making informed investment decisions. Our analysis delves into the tokens that have experienced the most significant supply increases over the past month and year, as well as those poised for substantial growth in the coming weeks. Recent […]
Following a monthly bearish crossover, which led to another dip, AKT posted losses and slipped under $2 after nine months of trading. It found support and entered a retracement mode at the start of the week. In continuation of the correction phase, Akash’s price broke lower last week to test […]
Posting a notable gain in a week, Kaspa is trading back at the top after scaling through several key resistance levels in the past months. It is on the verge of breaking up again as the buyers gain more control. KAS has shown signs of strength on the macro level […]
Amid recent market recovery, Akash’s AKT landscape has briefly changed to bullish following an impressive gain since yesterday. While the market sentiment remains bearish, we may see a continuation of the supply level increases. During the last leg down, AKT lost the vital $3 level following a steady meltdown since […]
Over the past weekend, Blur’s lock-up contract unlocked 37.51 million BLUR tokens, valued at $11.69 million, which were subsequently transferred to Coinbase Prime. This lock-up contract initially received these tokens from the Blur developer team one year ago, and this monthly unlock activity has been a consistent practice since June […]
In the ongoing 24th burn event, OKEx’s OKB Buy-Back and Burn wallet has received 5.73 million OKB tokens, valued at approximately $259 million, in the past two hours. Since May 15, 2019, the OKX team has repurchased a total of 97.92 million OKB, now worth $4.42 billion, conducting these burns […]
DWF Labs, a prominent player in the cryptocurrency space, made waves recently with a significant deposit of $TOKEN to Gate, totaling $1.2 million. This move comes on the heels of a month-long surge in token transfers to the exchange, with a total of 25 million tokens, valued at $3.52 million, […]
Ethena (ENA) has seen a significant price surge today, climbing 20% with a 24-hour trading volume increase of 242%, pushing the token’s price towards the $0.90 mark. This impressive rise highlights the growing interest and trading activity around ENA. On-chain reports from Spotonchain reveal that a multisignature wallet linked to […]
Amid the resurgence of Real-World Assets (RWA) and the Tokenfi trend, DWF Labs has made a significant move by depositing 3 million TOKEN ($322K) to Gate.io at $0.107 per TOKEN. This transaction highlights DWF Labs’ strategic engagement with the TOKEN ecosystem. Notably, DWF Labs received 120 million TOKEN from two […]
Render Token, an Ethereum-based distributed GPU rendering token, faced a sharp decline of 11% in its value today, marking a significant downturn in its price. This drop comes amidst a period of volatility in the cryptocurrency market, with investors closely monitoring developments within the ecosystem. According to data from Spotonchain, […]
Despite the prevailing bearish sentiment in the cryptocurrency market today, Frontier $FRONT, the decentralized finance aggregator, has emerged as a standout performer, boasting a remarkable 112% gain over the past 7 days. At the time of writing, FRONT is up by an additional 8%, demonstrating its resilience in the face […]
Celsius Network has made a significant move by burning a substantial portion of its CEL tokens, totaling 652.2 million CEL, equivalent to $85.75 million. This action represents a staggering 93.7% of the total CEL supply, effectively reducing the current total supply to 40.6 million CEL, as reported by CoinGecko. Following […]
Safe, previously known as Gnosis Safe, has emerged as a decentralized asset custody protocol, boasting a robust multi-signature wallet ecosystem across 14 networks and encompassing over 190 projects. The protocol garnered significant attention in July 2022 when it secured a substantial $100 million financing round led by 1kx, signaling strong […]
Starting this week on a strong note, Hbar exploded massively and saw the most gains in the last 24 hours. As a result, it appeared super bullish on the daily chart, leading the altcoins rally today with a 70% increase. Coming from a major correction phase, Hbar found solid ground […]
Blur (BLUR) is facing significant challenges in the cryptocurrency market, with its recent struggles reflected in a 31.67% decrease in market cap over the past week and a further 6% decrease today. These declines underscore the difficulties the project is currently encountering. Recently, Blur unlocked 38.42 million BLUR tokens, valued […]
Initiating another sell-off this week, ORDI dipped to a four-month low and held it as support. The price bounced briefly in the past hours but it is currently the biggest loser of the day with a 17% drop in under 24 hours. Starting this week a bit strong, Ordi managed […]
The past three weeks saw DOT through a major corrective phase after posting 80% gains in two months. But now, it appeared to have ended the phase as it bounced off a key support trendline, looking poise for another run-up. Looking at the latest daily price actions, the asset has […]