Institutions are scrambling like kids on Christmas morning, drawn in by the siren song of tokenized assets, as if they’re gold nuggets in a digital river of cross-border payments and DeFi. Who knew financial players could be so whimsical?
Crypto analyst The Alchemist Trader has spotted a rare bullish harmonic pattern on the Solana price chart. Now, while this pattern is generally a good omen for any digital asset, it’s a bit like finding a treasure map that leads to a pit of quicksand. The short term, it seems, has a few hurdles for Solana to jump over first.
Kiyosaki agrees with Raoul Pal that Bitcoin’s limited supply can trigger sharp price surges when demand spikes, often driven by institutions, media buzz, and retail FOMO. But, as we all know, with great power comes great volatility ⚡️.
On a thrilling Friday, whispers of doom and gloom flitted about as the dastardly attack unfolded, sending the world of crypto into a tizzy. Why, you ask? Because, dear reader, this crafty individual had discovered a cheeky little vulnerability in GMX V1, allowing him to juggle GLP token prices like a careless circus performer! 🎪✨
As Bitcoin continues to soar, it seems like miners and leveraged traders are having a field day behind the scenes. Analysts are keeping a close eye on their activities, trying to figure out if this rally is sustainable or if it’s just a big ol’ tease. Spoiler alert: nobody knows for sure.
“Not only are there more XRP whales than ever, but the total supply they hold is also increasing,” Santiment said in a report on Friday, noting that the number of wallets holding over 1 million XRP (XRP) tokens has surged to a new all-time high of 2,743.
Santiment, those masters of data analysis, have been keeping tabs on the RWA sector and have declared Chainlink the undisputed champion of development activity. And by a long chalk, I might add! The second-placed Avalanche (AVAX) managed a mere 183.4 GitHub events in the same period. Oh dear, it seems someone’s been caught napping! 😴
This achievement is all the more impressive when you consider that the previous record-holder, Vanguard’s S&P 500 ETF ($VOO), took a leisurely 1,814 days to reach the same mark. That’s like the difference between a cheetah and a sloth on valium. 🐯
As a result of all this hullabaloo, a tidy sum of $23 million has been liquidated from Solana’s leveraged market. And, oh dear, it seems that short traders have taken a bit of a hit, with $16.7 million being the damage. Meanwhile, Solana’s Open Interest (OI) has skyrocketed to around $7.5 billion and $16 billion respectively. It’s all a bit of a kerfuffle, if you ask me! 🤯
In spite of the rambunctious rally, our dear Bitcoin investors and traders are exhibiting a commendable veneer of restraint. The clever folks at Santiment, a market intelligence and on-chain data platform, have taken it upon themselves to investigate this curious phenomena of supply on crypto exchanges. Their findings suggest a dainty dance of restraint from the traders, who seem to regard their coins as prized possessions not to be relinquished lightly.
