#VIRTUALWhale Whale resumes virtual purchases after significant losses. The information comes as a whale, who recently suffered a loss of $5.02 million (-36%) in VIRTUAL earlier this month, has resumed buying the cryptocurrency. Three hours ago, the whale transferred 4,006 ETH, equivalent to approximately $10.9 million, to a new address. Of this amount, 419 ETH, or about $1.14 million, has been spent to acquire 1.049 million VIRTUAL tokens at an average price of $1.09 each. Previously, this address had invested $13.91 million to purchase 5.038 million VIRTUAL tokens at an average price of $2.76 each. The whale subsequently sold at $1.76 per token, resulting in a loss of $5.02 million.
#OnChainInsights On-chain insights are valuable information about the cryptocurrency market obtained from data recorded on the blockchain. They are verified transactions recorded on a blockchain. They are freely accessible through block explorers. They include information on wallet balances, transactions, and metrics. They offer a transparent and decentralized view of activities on the blockchain network. Specialized platforms and various indicators are used. Data is analyzed to predict trends and measure market sentiment. How funds move on the blockchain is monitored.
#LitecoinETF Litecoin prices have doubled since early November as the approval of spot ETFs approaches. Daily transactions on the Litecoin network have reached $9.6 billion per day, while exchange-traded fund issuers have been making arrangements to list their proposed Litecoin ETFs in the United States.
The market capitalization of Litecoin LTC €128.53 increased by 46% between February 2 and February 19, demonstrating growing investor interest, Santiment reported on February 21. It added that part of this growth comes from "its strong increase in network utility, which has been processing $9.6 billion in daily transaction volume over the past 7 days."
Litecoin had around $2.8 billion in daily transaction volume at the end of August, so current levels represent a 243% increase over five months. Furthermore, LTC prices have doubled since early November, outperforming the overall cryptocurrency market, which has experienced gains of 42% during the same period.
#BNBChainMeme The meme coins of BNB Chain are cryptocurrencies inspired by internet memes or humorous themes. BNB Chain is a blockchain that allows developers to create their own projects, including meme coins. Explanation Meme coins are a type of cryptocurrency that have gained popularity due to their active community and explosive value growth. BNB Chain is a blockchain created by Binance, one of the largest cryptocurrency exchange platforms in the world. BNB Chain is ideal for launching new tokens, including meme coins, thanks to its low fees and fast transactions. The MEME Solution platform of BNB Chain offers developers support for launching memecoins. Meme coins are considered speculative assets, but they have gained visibility due to their role in digital culture and the possibility of high returns.
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