Ethereum ecosystem tokens soar collectively, UNI skyrockets 19% in a day!
On May 29, the cryptocurrency market witnessed a spectacular "family pack" rally among Ethereum ecosystem tokens! Just like a brand suddenly goes on a full sale in a mall, this time it was a full price increase. Leading the charge is the decentralized exchange's top token UNI, which surged 19.3% in a day, reaching a price of $7.51, equivalent to the cost of a cup of coffee in the morning, enough for a hot pot dinner by night.
Following closely is newcomer EIGEN, which rose 16.9% in a day, now priced at $1.79. Even the usually lukewarm LDO and ETHFI saw respective increases of 11.7% and 10.1%, with prices reaching $1.01 and $1.52. Even the established token ARB increased by 9.7%, now quoted at $0.4387.
This wave of collective increase is like giving the market a shot of adrenaline. Investors are all guessing: Is Ethereum planning a big move? Or is some positive news leaked? However, for ordinary players, seeing all these red numbers is like spotting discount tags at the supermarket—only here, what’s being snatched isn’t just groceries, but the "gold rush" of the digital era.
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Bitcoin Whale Liquidation Record: 40x Leverage Long, Losing 3 Million Dollars in a Day
At 12:40 PM on May 29, a shocking scene unfolded in the Bitcoin market. Whale James Wynn's $496 million long position in Bitcoin was like a boulder hanging over a cliff. When the BTC price dropped to around $107,000, part of his position was automatically liquidated by the system, and $2.95 million evaporated in an instant. This was not his first liquidation — the $87 million profit had already been completely wiped out, and now even the principal has lost $3 million.
This big player’s operations are akin to “dancing on the edge of a knife”: using 40x leverage to go long on 4,604 Bitcoins, equivalent to treating 1 Bitcoin as 40. Opening price was $108,334, liquidation price was $106,314, and the price only needed to drop 2% to trigger liquidation. As a result, the Bitcoin price did indeed drop near the liquidation line, and the system, like a merciless sickle, shattered his position into pieces.
This incident serves as a wake-up call for ordinary investors: the crypto market is not a casino; 40x leverage is like walking a tightrope over a volcano. Those seemingly lucrative contract trades are backed by bloody liquidation histories. Remember, when you are using leverage to chase tenfold or hundredfold returns, the market is also leveraging to magnify your greed.
Opportunities and risks coexist in the crypto world; staying vigilant and seizing the right moment is key. I also discovered a short-term project with enormous doubling potential! If you want to keep up, follow me for free shares!
NTU Top Student's Dark Web Drug Dealing Mishap: Flaunting Wealth Attracts Hackers, Extortion Ruins Life
Recently, a big news story broke in Taiwan: Lin Ruixiang, a top student from NTU's Department of Management, appears to be thriving in the cryptocurrency space, but secretly he was running the world's largest drug trading platform, 'Hidden Market'! This VIP3-level player had a monthly transaction volume exceeding one million dollars, flaunting his earnings and showcasing NFTs on social media, even boasting three 'Bored Apes' that Jay Chou admires. What happened next? His ostentatious display of wealth attracted hackers, his account was drained, forcing him to resort to extorting drug dealer users in desperation, and ultimately he was caught red-handed by the FBI.
This incident serves as a wake-up call for ordinary people: cryptocurrency is not a lawless territory. Even the most concealed dark web transactions leave digital footprints; flaunting wealth is like holding a sign saying 'Come steal from me' in front of hackers, especially with cash flows in the hundreds of thousands of dollars—who else would they target if not you? The weakest link in the criminal chain is human nature—after being hacked, Lin didn't think of stopping; instead, he escalated his actions by extorting drug dealers. Such a gambler's mentality will eventually lead to self-destruction.
In the end, this case is like a real-life Breaking Bad, where a high IQ talent misuses his expertise. Cryptographic technology became an accomplice to crime, and social media boasting turned into a confession. Those who are still posting K-line charts and showcasing contract earnings in their social circles, remember, in the digital age, every digital footprint you leave could become future evidence in court.
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Bitcoin whales are accelerating their accumulation, and market confidence is soaring!
Recently, there has been a significant signal in the Bitcoin market: those holding 1,000 to 10,000 Bitcoins are frantically accumulating! In the data chart, yellow dots are densely popping up, indicating that the holdings of these whales have been rapidly increasing in the last 30 days. Even more exaggerated is that this accumulation trend is almost synchronized with the surge in Bitcoin prices, as if they had made an appointment.
What does this phenomenon indicate? Simply put, large capital is casting votes for Bitcoin with real money! These whales are not retail investors; a small movement from them can result in transactions worth hundreds of millions of dollars. Now that they are collectively increasing their positions, it is akin to major funds entering the stock market, indicating that the big players are full of confidence in Bitcoin's future—either they believe it can continue to rise, or they are hoarding it as a hard currency like gold.
Currently, the market is turbulent, walking alone is lonely; follow me for daily spot potential layouts and bull market strategy layouts.
The crypto market witnesses tens of millions in cashing out: A mysterious whale liquidates HYPE tokens, profiting over ten million dollars in a single transaction
On May 29, a significant trading event occurred in the cryptocurrency market. According to on-chain monitoring platform Lookonchain, a whale investor marked by the address 0x7E4E completed a large transaction six hours ago: liquidating all 276,747 HYPE tokens it held at a unit price of $34.47, with a total transaction amount reaching $9.54 million. After the transaction, the account withdrew all funds from the trading platform Hyperliquid. Notably, the cumulative profit of this investor on the Hyperliquid platform has exceeded $10 million.
The liquidity of tokens like HYPE is highly concentrated, and the liquidation behavior of large holders may have a significant impact on market prices. The market is currently focusing on whether this transaction will trigger selling pressure for HYPE tokens and the adjustment of holding strategies by other investors on the Hyperliquid platform.
Currently, the market is in turmoil; walking alone is lonely. Follow me for daily spot potential layouts and bull market strategy layouts.
The "Whale Game" in the Crypto Market: Some are betting millions shorting PEPE, are you following the trend?
Recently, the crypto circle has once again staged a scene of "big fish eating small fish." On May 29, a giant whale dumped 3.37 million USD of the stablecoin USDC onto the trading platform and added 3x leverage to short PEPE. This move is like betting all chips on a "decline"; if they win, they can earn three times, but if they lose, they might lose everything.
It is worth mentioning that this big player has a history—having just made 760,000 USD on Bitcoin, they turned around to short PEPE. More dramatically, not long ago, Trump posted an image featuring PEPE on his platform, which surprisingly spiked the coin's price, only to be followed by a large sell-off. Doesn't this scene resemble the saying in the stock market, "Good news is often followed by bad news"?
This situation reveals three key points: First, the crypto market has long been a hunting ground for institutions and large players; retail investors chasing hot trends are like swimming in a crocodile pool; Second, leveraged trading is a double-edged sword; 3x leverage means a fluctuation of over 33% could lead to liquidation; Third, meme coins and similar air coins rely entirely on emotional speculation; even a picture from Trump can send prices on a roller coaster, which ordinary investors simply cannot afford.
Ultimately, the crypto market has never been an ATM but a battleground where large funds hunt retail investors. Upon seeing such news, what we small retail investors should do is not follow the trend blindly but weigh whether we have the capability to be a whale. After all, in the financial world, surviving longer is more important than earning fiercely.
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Binance Alpha's score boosting incurs an 'intelligence tax'? A single trade incurs a $81 fee, turning profit-seeking into a loss!
Binance Alpha suddenly announced: Starting from September 17, score boosting transactions will incur a 0.5% fee! Based on the current value of 13 points = $8192, the fee for buying and selling once can reach up to $81 ($8192×0.5%×2). This move has directly caused an uproar among score boosters: the transaction fee is more expensive than the points earned, turning profit-seeking into being taken advantage of by the platform!
In the past, score boosters relied on 'buying low and selling high' to earn points, but now each transaction incurs a 0.5% fee. Assuming an average of 10 transactions per day, the monthly cost would be $2430, enough to buy half a mining machine. Assuming 13 points = $8192, 1 point is approximately $630. To boost 1 point, one needs to trade about $63,000, with a fee of $315—making the value of points insufficient to cover the transaction fees. Only high-frequency traders or users with over $1 million in capital are likely to cover costs through point rebates.
The 0.5% fee directly deters score boosters, reducing the behavior of system exploitation. Those willing to pay high fees are either high-frequency traders or well-funded large investors, aligning with the platform's trend of 'decreasing retail investor involvement'. Frequent score boosting is easily subject to regulatory scrutiny, and charging fees can reduce the suspicion of 'false trading'.
Currently, the market is in turmoil, walking alone can be lonely, follow me for daily potential layouts in the spot market and bull market strategy layouts.
On May 29, major player James Wynn in the crypto space made another big move! He just withdrew 2.78 million USDC (about 2.78 million USD) from Binance and dumped it all into a trading platform called Hyperliquid, increasing his Bitcoin long position (betting on a rise) directly to 760 million USD! Now he holds 7,029 Bitcoins, with an opening price of 108,000 USD and a liquidation price (margin call price) of 107,000 USD, but he has already lost 220,000 USD on paper.
His willingness to increase his position while facing a loss indicates that he is determined to believe that Bitcoin will rise again. The opening price of 108,000 USD is certainly higher than the current Bitcoin price (otherwise he wouldn't be losing), yet he is still betting on a rebound.
The liquidation price of 107,000 USD is just over 1,000 USD away from the current price. If Bitcoin drops slightly, his 760 million position could be liquidated, resulting in total loss.
He is using USDC as collateral, which is more flexible than directly buying Bitcoin. If the price goes up, he profits in Bitcoin; if it goes down, he loses stablecoins. However, the higher the leverage, the more explosive the risk—at 40x leverage, a 2.5% drop in Bitcoin leads to immediate liquidation.
Currently, the market is turbulent; walking alone can be lonely. Follow me for daily insights on spot potential and bull market strategies.
Farcaster Airdrop PRO Coin: Can the Top 500 Earn 5 Times? The Truth Is...
On May 29, a Farcaster community user MJC716 suddenly announced: A "giveaway" for all Farcaster Pro members—an airdrop of the token PRO (PROCOIN)! But the rules hold hidden tricks: the first 500 claimants can get 5 times the allocation, while the remaining 9500 can only "get the soup." More importantly, to participate, you must first be a Farcaster Pro member—this paid plan just launched on May 28, limited to 10,000 members, with an entry fee of an exclusive NFT + Blue V certification.
At first glance, it appears to be a "sunshine award," but in reality, it is "hunger marketing." The design of 5 times the allocation for the first 500 ignites a rush of anxiety. Some have calculated: Assuming a total airdrop of 1 million PRO, the first 500 would each receive 1000 tokens, and the rest would only get 200 tokens. This maneuver not only stimulates users to frantically claim but also helps the project team acquire customers at a low cost—after all, the hype of “limited to 10,000” is much more cost-effective than direct advertising.
The 10,000 spots of Farcaster Pro essentially serve as a "filtering question."
For users, is it worth spending money on NFTs + certification? It depends on whether the subsequent rights keep up. How much can the project team recover from the 10,000 membership fees? If the airdrop cost exceeds membership income, it may result in "losing money for publicity."
In the long run, if the PRO token lacks practical uses to support it, this carnival may turn into a "passing the parcel" game.
The 5 times allocation for the first 500 may just be "paper wealth." If no one takes over after the PRO goes live, even the largest numbers will be useless. After paying to enter, if the project team's subsequent operations falter, the Blue V certification may turn into "electronic waste." The total airdrop amount and token distribution mechanism have not been disclosed, and the project team could "change the rules" at any time.
You can take advantage of the situation, but don’t go ALL IN. Trying to grab a spot among the top 500 may earn quick money, but beware of "greater fool" risk.
Focus on the actual use of the PRO token (such as governance rights, fee discounts, etc.), rather than short-term airdrops.
If the airdrop is a "sugar-coated shell," how much membership fee are you willing to pay for that layer of sugar coating?
Recently, I plan to ambush a potential coin that is about to explode, doubling is quite simple, and an expected upside of over 10 times is definitely not an issue. If you want to keep up, follow me for some tips, I’ll share for free!
$MYX opens contracts by itself, acting as its own exchange! This gameplay is a bit wild!
Recently, there is an interesting project in the DeFi space called MYX, which is essentially a perpetual contract exchange. You can directly trade MYX/USDC perpetual contracts on MYX, which is like opening contracts for yourself.
If MYX manages to list contracts on centralized exchanges like Binance in the future, the synergy would be too beautiful to behold! Although the price of $MYX hasn't skyrocketed yet, it has been stable! On one hand, it is earning profits through staking and mining, and on the other, the node elections are in full swing. There have been no airdrops and no money spent on hype, but there are still people willing to participate with real money. For projects like this, I’m willing to hold long-term and see if it can become the new leader in a new track.
Many KOLs have started building nodes on MYX now. The node elections are not based on vote-buying but are genuinely dependent on who stakes more MYX! The more you stake, the easier it is to get elected, and then you can participate in trading matching revenue dividends. Simply put, the governance of $MYX is not just a slogan but a real monetary matching power token.
Staking $MYX for node supporters can yield profits, and node owners can also earn Keeper profits. Moreover, profits can be withdrawn at any time, with different fee ratios. This mechanism is more flexible and transparent than most PoS projects, and the staking rights can be inherited, providing a full experience.
MYX has big ambitions. It is not looking to simply get listed on Binance but aims to create a multi-chain supported, decentralized governance, where anyone can come and open contracts on the perpDEX. Put simply, it is an on-chain version of dYdX combined with pump.fun, aiming to establish an on-chain contract free market.
Anyone, any project, can directly open contract trading pairs on MYX without audits or backdoor dealings, and the community liquidity is directly enhanced. It’s worth studying closely; $MYX is quite interesting.
Ethereum is about to do something big! 150,000 validators suddenly raised their hands in support of doubling the block gas limit from 30 million to 60 million! What does this mean? Without a hard fork, Ethereum L1's transaction throughput can take off right where it is! What kind of ambition is hidden behind this 'invisible expansion'? How will it compete with Solana, known for its speed?
The block gas limit essentially determines how many transactions can fit into each Ethereum block. Doubling this limit is akin to expanding a highway from four lanes to eight lanes; traffic jams? Not a chance! Especially during peak times like NFT purchases and DeFi arbitrage, the user experience will be significantly enhanced. Although gas fees won't immediately drop, with the capacity doubling, more people can crowd into Ethereum at the same time without needing to scramble for transaction slots. This is a boon for applications running directly on L1, such as DeFi and NFT markets, like a refreshing rain after a long drought!
The number of Ethereum validators has already surpassed the 1 million mark! In this upgrade, 150,000 validators have publicly expressed their support, making this a true 'national referendum' in the decentralized world. In comparison, Solana has only 1,400 validators; while it's fast and low-cost, you know the difference in decentralization.
No need for a hard fork: users and developers experience it seamlessly, the upgrade feels as natural as breathing. L1 Expansion + L2 Parallelism: Ethereum L1 is strengthening itself while continuing to leave space for Rollups and L2, attacking from both sides.
DeFi, NFTs, and dApps can directly take off on L1, enhancing user experience without sacrificing decentralization.
This Ethereum upgrade is like adding an elevator to an old building: no demolition, no reconstruction, but living more comfortably. 150,000 validators have proven through action that decentralization is worth the wait. Solana may be faster today, but Ethereum is laying the foundation for the next decade.
Decentralization has never been an overnight success. Ethereum is demonstrating what 'long-termism' truly means through its actions.
Dubai real estate goes on-chain, is XRP about to soar? Unveiling the new blockchain play of the wealthy nation!
At 3 a.m., the crypto world exploded! The Dubai Land Department suddenly announced: all luxury homes, islands, and hotels will be put on-chain! This means that buying real estate in Dubai will be as easy as buying Bitcoin! You can invest in a hotel room at the Sail Hotel for just $100,000, with rent automatically settled in XRP, 24-hour global trading, selling property faster than selling NFTs! Even more explosive, the officials have set 2024 as the 'Year of Tokenization', aiming for 30% of global real estate transactions to be on-chain! This move is simply about bringing the vaults of Swiss banks to the blockchain! Why did Dubai choose the XRP Ledger this time? Three major reasons, each deadly!
First, speed kills everything! The XRP Ledger can confirm transactions in 3 seconds, 100 times faster than Ethereum! The wealthy have no patience to wait for Gas fees to burn; they want instant gratification! Second, resistance to regulation! Ripple has been in a legal battle with the U.S. SEC for three years, honing a 'golden bell shield iron cloth shirt', perfectly matching Dubai's free port policy!
Finally, hidden oil reserves! The UAE Sovereign Fund has secretly hoarded 400 million XRP, this time it's simply 'left hand issuing licenses, right hand pushing prices'!
On-chain data has already proven everything! One hour after the announcement, large on-chain transfers of XRP surged by 300%, with a mysterious address sweeping up 230 million XRP, directly exceeding $10 million!
Liquidity trap! Luxury home tokens look attractive, but when retail investors sell, they may face price pressures from market makers!
Policy flip-flop! Although Dubai is currently open, the U.S. SEC may pressure XRP through sanctions!
Wealthy harvesters! Middle Eastern big players love to pump and dump; be careful when they collectively offload, you might become the bag holder!
Missed the chance to buy property in Shanghai, missed the chance to speculate in Shenzhen, will you miss the chance to go on-chain in Dubai?
Opportunities are fleeting, corrections are imminent, bottom-fishing in spot trading, doubling your investment is not a dream, tap the profile picture to follow me, and let's join the bull market feast together!
The Big Reveal of the Sophon Token Distribution Plan! How to distribute 10 billion tokens?
Sophon (SOPH) has a total supply of 10 billion tokens! When it goes live on Binance, 2 billion tokens will be in circulation, so how will the remaining 8 billion be distributed? Today, let's uncover this!
First, when it goes live on Binance, 2 billion SOPH tokens will be released for trading. This 2 billion is the main event, directly determining the initial price and liquidity of Sophon.
Then, the project team has also prepared 150 million SOPH tokens to airdrop to HODLers, which means long-term holders. This move is quite clever as it can incentivize everyone to hold SOPH while also increasing the liquidity of the token.
But wait, there's more! After the spot launch, the project team will also distribute an additional 50 million SOPH tokens in batches for other market activities, such as market making and promotions. In another 6 months, another 150 million SOPH tokens will be distributed in batches for other market activities.
Calculating this way, the project team still holds a considerable amount of SOPH! How and when these tokens will be used directly impacts the price of Sophon. So, when investing in Sophon, keep an eye on the project team's actions to avoid getting scammed!
In summary, Sophon's token distribution plan is quite meticulous. The project team considers both liquidity and market promotion while also thinking about incentivizing holders. As for how effective it will be, we'll just have to wait and see!
Currently, the market is full of turbulence; walking alone can be lonely. Click the avatar to follow me for daily spot potential layouts and bull market strategy layouts.
Binance has once again released a big move! Sophon is at its peak as soon as it goes online, and this wave of wool is definitely for grabbing!
My dears! Great good news! The big boss of the currency circle, Binance, is making things happen again! This time, a mysterious new coin called Sophon (SOPH) was launched, and five major trading pairs of USDT, USDC, BNB, FDUSD and TRY were opened right away! This lineup, this treatment, is simply heavenly! 🚀
What is the origin of Sophon? I don’t know too many details yet, but it can be favored by Binance and affixed with a "seed label", which means that this project is definitely not simple! A potential stock, maybe the next 100x or 1,000x coin!
This wave of operations by Binance is definitely a super big benefit for Sophon! Listing on a large exchange means explosive traffic and explosive attention. It will be hard not to be popular in the future! For small retail investors like us, it is also a once-in-a-lifetime opportunity to make money!
Hurry up, my dears! It's not too late to get on board now! Play with a small amount of money, maybe you can achieve financial freedom! Of course, investment has risks, you need to be cautious when entering the market, and you still have to operate according to your own risk tolerance!
I also found a short-term skyrocketing project with huge potential for doubling! If you want to keep up, click on the avatar and follow me, and share for free!
Qian Zhiming Incident: The Mystery of 130,000 People, 10 Million Yuan, and 61,000 Bitcoins
Recently, the name Qian Zhiming has become quite 'hot' on various platforms, but this is not a good thing. She is suspected of brainwashing 130,000 people, embezzling 10 million yuan, and then fleeing overseas with 61,000 bitcoins. This sounds like a bizarre movie plot.
Let's first talk about these 130,000 people. How did so many people get brainwashed by Qian Zhiming? Was it the temptation of high returns? Or did she have some special charm? Regardless, the fact that so many people were deceived reflects our need to be more cautious and rational in investment and financial management.
Now let's discuss the 10 million yuan and 61,000 bitcoins. 10 million yuan is not a small amount; it represents the hard-earned money of many people! And what did Qian Zhiming do after getting the money? Instead of choosing the traditional way of fleeing, she converted it into bitcoins. Bitcoin is highly anonymous and difficult to trace internationally, so her move clearly shows premeditation.
Now, Qian Zhiming has run away, and the money has been converted into bitcoins, leaving 130,000 victims in despair. This case has now become a cold case, and the flow of bitcoins has also become a mystery. We can only hope that the relevant authorities can solve the case quickly and provide an explanation to the victims.
This incident has also sounded an alarm for us. Investment carries risks, and one must be cautious when entering the market; this is not just a saying. In the future, when faced with such temptations of 'high returns,' we must be more vigilant and not end up being sold out while helping others count the money! At the same time, we must enhance our financial knowledge and improve our risk prevention awareness to prevent such tragedies from happening again.
Currently, the market is turbulent; walking alone is lonely. Follow me for daily spot potential layouts and bull market strategy layouts.
Is the White House hoarding Bitcoin? The U.S. government may become the biggest "speculator" in cryptocurrency!
David Sacks, the White House crypto affairs director, recently dropped a bombshell at the Bitcoin 2025 conference: the U.S. government is exploring how to buy more Bitcoin! As soon as the news broke, Bitcoin's price shot up like a rocket!
Sacks mentioned that for the government to buy Bitcoin, there is one condition: it must be "budget neutral," which means they cannot spend taxpayers' money, nor can they let national debt reach new highs. So where will the money come from? Sacks hinted that they must make the Treasury or Commerce Department see this matter as "very appealing," and then find a way to raise the funds themselves.
The implication here is that discussions are happening within the U.S. government, and even the president has nodded in agreement! If the U.S. government really starts hoarding Bitcoin, the impact could be enormous. Just think about it, if the government starts buying Bitcoin, it would be like an official endorsement! Wouldn't Bitcoin's price skyrocket thereafter?
However, this has also sparked a lot of controversy. Some are concerned that government buying could exacerbate market volatility and even trigger a financial crisis. Others question where the money for government purchases would come from. Could it involve firing up the printing press, leading to a depreciation of the dollar?
In short, whether the U.S. government should hoard Bitcoin is still uncertain. But one thing is for sure: Bitcoin is increasingly recognized by mainstream institutions, and its position in the financial market will only become more important in the future!
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The decentralized stablecoin protocol Usual was hacked and has been suspended! Are your digital assets safe?
Blockchain security company BlockSec has just released a blockbuster news: the decentralized stablecoin protocol Usual (USUAL) was hacked and the protocol has been suspended!
As soon as this news came out, the entire currency circle was blown up! Usual is an important player in the field of decentralized stablecoins. This hacker attack has a significant impact. Although it is not known how much loss has been made, the suspension of the protocol is enough to illustrate the seriousness of the problem.
This incident also sounded a wake-up call for us: decentralization does not mean absolute security! Although blockchain technology itself is very safe, smart contracts and protocol design may still be exploited by hackers. In the future, when choosing decentralized products, you must keep your eyes open and learn more about the security of the project, and don't just rush in because of the high returns.
Finally, I hope that the Usual team can fix the vulnerability as soon as possible and restore the operation of the protocol. I also hope that other blockchain projects can learn from this and strengthen security protection, so as not to let hackers take advantage of it again! After all, security is the cornerstone of blockchain development. Without security, everything is in vain!
At present, the market is surging, and walking alone is lonely. Click on the avatar to follow me, daily spot potential layout and bull market strategy layout.
OKX is delisting 11 trading pairs! How is your coin?
OKX recently issued an announcement stating that it will delist 11 spot trading pairs, including coins like ZERO, PRQ, IQ, ARTY, SAMO, as well as the stablecoin trading pair USDT/USDC. The delisting time is from 4 PM to 6 PM on June 4th, just two hours, and the action is quite swift!
Why are they delisting? The announcement mentioned that according to platform rules, it was monitored that these trading pairs might touch the delisting rules or pose high risks. In simple terms, either these coins are not actively traded, resulting in poor liquidity, or there might be some tricks involved, and the platform decided to delist them for everyone's safety.
What impact does this have on us ordinary investors? First, quickly check if you have any of these trading pairs. If you do, take action before the delisting, either withdraw your coins or exchange them for other coins. Secondly, this serves as a reminder for us to choose coins with good liquidity and high market recognition in the future, and not to buy random coins, as we might get stuck!
Delisting trading pairs is a good thing; it shows that the platform is serious about maintaining market order. But at the same time, we hope the platform can strengthen its review process to prevent these high-risk coins from being listed in the first place, thereby reducing investors' losses from the source. After all, everyone's money doesn't come easy; we should cherish it!
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The SOL on exchanges is running out! Is something going to happen?
The balance of SOL on centralized exchanges has been like a roller coaster lately, dropping rapidly! From 37.22 million in March of this year, it has plummeted to 27.01 million now, a decrease of 27.4%! This number is almost catching up to the lowest point after the big drop in October 2022, when it fell to 26.7 million!
This is quite interesting. Generally speaking, the more coins are on exchanges, the more it indicates that people want to sell; if coins are being withdrawn, it’s likely a sign of long-term holding. In the case of SOL right now, it’s clear that people don’t want to sell, but instead want to hoard, perhaps anticipating something big for SOL’s future?
However, this isn’t necessarily all good news. If all the coins are withdrawn, liquidity on the exchanges will worsen, and if there is any slight disturbance, the price may fluctuate more drastically. Besides, in this market, no one can predict what tomorrow will bring; is this SOL activity the calm before the storm, or the charge of a new bull market? Let’s take our seats and watch closely!
Currently, the market is turbulent, walking alone can be lonely, follow me for daily spot potential layouts and bull market strategy layouts.
The Bitcoin ETF has been wildly bought again! But some are quietly withdrawing...
The US Bitcoin spot ETF has been performing remarkably well recently! It has been crazily bought for 9 consecutive days, with a whopping $384 million pouring in on just May 28. At this rate, it's hard for Bitcoin not to rise!
The most impressive is BlackRock's IBIT, which absorbed $409 million in a single day, undoubtedly the "top player" in the ETF world. Grayscale's GBTC also performed well, with a net inflow of $36 million, firmly sitting in second place. However, while some are happy, others are worried; Ark Invest's ARKB saw an outflow of $38.3 million, becoming the most unfortunate "noteworthy package" of the day.
The flow of ETF funds can be regarded as a "weather vane" in the crypto world. Nine consecutive days of net inflows indicate what? It shows that both institutions and retail investors are betting on Bitcoin's future with real money. After all, ETFs are low-threshold, highly liquid, and as convenient as buying stocks; who wouldn't love that? However, ARKB's "lagging behind" also serves as a reminder: with so many ETF products available now, investors are becoming "picky". The level of management fees and tracking errors could become key factors influencing the flow of funds.
How long can this wave of "money-absorbing" by Bitcoin ETFs continue? Will ARKB's "bleeding" trigger a chain reaction? We shall see! But one thing is certain: as traditional financial giants accelerate their entry, Bitcoin, once a representative of the "grassroots", is gradually stepping onto the mainstream stage.
Currently, the market is full of turbulence; walking alone can be lonely. Click on my profile to follow me for daily spot potential layouts and bull market strategy plans.