Latest Whales News and Insights | Yellow.com

Pepe Coin's price rose 4% today, reaching $0.00001247. It's kind of suspicious as the wider crypto market remained stagnant. Especially, if you take into account that a mysterious whale just transferred 1 trillion PEPE to Binance. PEPE gained 7% over the week but fell 5% in two weeks and 25% in a month. Despite recent losses, the Ethereum-based meme coin retains a 700% annual gain. So now, a whale transferred 1 trillion PEPE to Binance recently. This move could impact short-term price action. Interestingly though, PEPE's value dipped 1.5% in the past hour. But technical indicators suggest a potential decline before another rally. The relative strength index fell from nearly 80 to 50. However, PEPE's 30-day average surpassed its 200-day average, indicating a growth phase. But what's even more impressing is the trading volume, it exceeded $1 billion, up from $350 million days ago. Another whale sent 700 billion PEPE ($7.8 million) to Binance yesterday. These transfers suggest whales may be in sell mode. Short-term price pressure is likely. The medium and long-term outlook remains positive. Market factors support an upward trajectory. PEPE is built on Ethereum blockchain, and there is a significant event coming there - traders anticipate Ethereum ETF launches in coming weeks. The Federal Reserve and Bank of England are expected to cut interest rates this fall. These factors could boost demand. It is also worth mentioning that PEPE remains popular among whale traders. Diversification with other high-potential meme tokens may be prudent. Pepe Unchained (PEPU), a new layer-two project, shows promise. Its presale raised $800,000 in less than a week. PEPU aims to offer more utility than typical meme coins. The Ethereum-based token promises instant transactions and low fees. It plans to offer higher staking rewards. If you're wondering whether Pepe has a growing community, here is the answer. Pepe now has nearly 2,000 Telegram subscribers. Its tokenomics include a capped supply of 8 billion PEPU. The allocation is: 20% presale, 30% staking, 20% marketing, 10% liquidity, 10% project finance, and 10% chain inventory.

Large investors in the Bitcoin network have been buying while the market panics about the latest crash. On-chain data reveals this trend. The "Large Holders Netflow" indicator has been positive recently. It tracks the net amount of cryptocurrency entering or exiting wallets of "Large Holders". IntoTheBlock defines Large Holders as investors owning at least 0.1% of the circulating supply. Now imagine this, their holdings equal about 19,700 BTC. As of now, it's worth over $1.2 billion. These Large Holders could influence the market and their behavior may provide insight into sentiment among major players. Like, in last weeks the whales has been mostly positive. We can tell that by net deposits to their wallets. Whales have been accumulating during Bitcoin's bearish momentum. The trend culminated in a crash yesterday, with prices dropping below $60,000. Whales seized this opportunity and displayed their strongest net inflows since late May. In fact, large investors bought 7,130 BTC during the dip. That's a whopping $439 million. As you can see, whales see recent lows as a profitable accumulation opportunity. They are definitely expecting the price to surge, which will allow them to profit. Another potentially bullish development has occurred. IntoTheBlock Head of Research Lucas noted large USD Coin (USDC) inflows to exchanges yesterday. Investors typically transfer coins to exchanges for trading. These USDC inflows could indicate intention to swap for other cryptocurrencies, possibly Bitcoin.

Solana (SOL) has rebounded from recent losses. Whale investors maintain their positions, hinting at potential future gains. Now we are looking for a broader market upturn. SOL has risen 8.41% in 24 hours to $137.93. It posted a 0.51% weekly gain. This contrasts with losses from Bitcoin (BTC) and Ethereum (ETH) - the leading cryptocurrencies, taking everyone's attention. At the moment, Solana boasts a 667.92% annual return. This year's return stands at an impressive 747.74%, outpacing other leading cryptocurrencies. A little too early to bury our favorite altcoin, right? Solana's price has broken a key resistance level at $136.78. This suggests strengthened buying pressure, which is a clear sign of further upward movement. At least, we are used to think so. The Relative Strength Index (RSI) has surged from 5 to 65 in 36 hours. This dramatic rise underscores significant buying pressure. It indicates a possible shift towards positive short-term momentum. The 30-day moving average is trending upwards. It approaches convergence with the 200-day moving average. A decisive crossover above the 200-day would validate this resurgence. So, technical indicators suggest positive short-term price movements. But what about long-term growth? Analysts agree it will likely depend on fundamental factors, you know, the ones we like to discuss so much. Let's take a look. Solana's current market cap is $63.76 billion. It it possible to reach $1000 per token? Probably so, but it would require a market cap of $460 billion. Which is a miracle, because this is comparable to Ethereum's current valuation. While ambitious, such growth isn't impossible. It would likely require a significant catalyst. Experts speculate that recent Ethereum ETF approval may pave the way for other crypto ETFs. This could include Solana. Such a development could boost Solana's adoption and investor confidence. The famous altcoin could finally get on its long-term growth trajectory.

Ether, Ethereum's native cryptocurrency, has seen a surge in long-term holder accumulation. This coincides with a 2% price drop over 24 hours. Or is it a coincidence at all? CryptoQuant's head of research, Julio Moreno, reported on X that Ethereum demand has increased significantly. Buying by permanent holders reached the second-highest level on record. On June 12, accumulation addresses acquired about 298,000 Ether tokens. This equates to roughly $1.34 billion at the time of reporting. The acquisition volume was only 6% lower than the previous record. On September 11, 2023, long-term holders purchased 317,000 Ether as the price fell below $1,600. Ether's price has declined 8.49% over the past week. It briefly fell below $3,800 on June 8. The cryptocurrency has remained above $3,400 during this period, according to CoinMarketCap. Ether is currently trading at $3,500. The $3,500 level has been a persistent resistance for Ether bulls. This is evident from past price action. SEC Chair Gary Gensler hinted at possible approval of spot Ether ETFs by September. He informed lawmakers of this during a Senate Banking Committee hearing. The SEC granted preliminary regulatory approval for spot Ether ETFs on May 23. They approved 19b-4 filings from eight applicants. Trading can only begin once S-1 registration statements are also approved. Industry experts suggest this approval confirms Ether's non-security status. Bloomberg ETF analyst James Seyffart stated that this implies SEC recognition of Ether as a non-security. He suggested this could extend to other tokens. Digital asset lawyer Justin Browder concurred. He said S-1 approval would definitively settle the debate on ETH's non-security status. Adam Cochran of Cinneamhain Ventures extended this argument to other project tokens. Several ETF issuers removed staking from their final amendments. The SEC approved 19b-4 applications from various firms on May 23. These include VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise.

Dogecoin whales have been shaving off their holdings over the past year, on-chain data shows. Usually, it's a bearish sign. But in case of Dogecoin there is a catch. Market intelligence platform IntoTheBlock shared some interesting data. It turns out that DOGE whales have lost supply share to other holder groups recently. Each of the so-called whales carry over 1% of all DOGE circulating supply in their balance. A year ago the whales controlled 45.3% of DOGE. Now they've got only 41.3% at their disposal. Retail and mid-sized investors now hold a larger share of the total supply, analysts explain. As for these definitions, mid-size investors are those having between 0.1% and 1%. Retail investors are the small fish with 0.1% and less. On one hand, the whales’ reduced holdings suggest that big investors have lost interest in Dogecoin. That's a clearly bearish sign. Whales are the most influential users of the token. Their collective behavior might sometimes directly impact the price. On the other hand, the redistribution of the supply to smaller holders could be positive for the health of the DOGE ecosystem. Blockchain is supposed to be decentralized by its nature. Many blockchain purists are angry with the global processes occuring in Bitcoin mining or Ethereum staking. The former is getting occupied by just a couple of large mining companies. The latter is endangered by huge entities, having more than half of ETH staked under their control. So for Dogecoin, becoming less centralized means getting more charm in an old fashioned blockchain way.