Blur PriceBLUR

A crypto whale invested $5.86 million in five different Solana-based meme coins and currently holds $658,000 in unrealized gains from the move. Blockchain tracking platform Lookonchain called attention to this whale’s movement in a tweet. The whale’s strategy involved splitting the capital across WIF, Fartcoin, POPCAT, MEW, and BONK. All these tokens are native to the Solana blockchain and represent the growing trend of speculative trading in meme-themed cryptocurrencies. Related: Bitcoin Price Surge Drives Solana Memecoin Deployments Lookonchain noted that the whale bought 1.48 million WIF tokens for $1.49 million, which are now valued at approximately $1.42 million. He also acquired 1.14 million Fartcoin for $1.47 million, with a current valuation of $1.37 million. For POPCAT, the whale purchased 2.92 million tokens for $1.05 million, now worth $1.26 million. He also bought 381 million MEW for $946,000, which has since increased to $1.21 million. Lastly, the whale invested $898,000 to acquire 67.44 billion BONK tokens, which are now valued at around $1.29 million. Among the tokens, BONK has delivered the largest unrealized profit, rising by $392,000 since purchase. In total, the wallet now holds approximately $6.52 million, generating a gain of $658,000 at current market prices. Aside from this whale, other recent whale activities suggest a mixed sentiment in the crypto market. Lookonchain reports a major whale accumulating PEPE, withdrawing over 2.21 trillion tokens (worth $29.28 million) from Binance in just two days. Additionally, another whale reactivated after two years of dormancy and withdrew 1.79 trillion PEPE ($22.23 million), hinting at renewed confidence in the token. Similarly, a new whale spent $1.7 million in USDC to acquire over 786,000 GRASS, another emerging meme coin. This shows that meme coins still capture attention despite broader market volatility. However, caution is warranted. Other whales are offloading large holdings of tokens like LDO and BLUR. This triggered price drops of 25% and 20%, respectively, within a week. Notably, several tokens posted double-digit gains over the past week. Leading the charge is Floki, which rose 23.08% in 7 days, followed by Shiba Inu and Brett, which rose 18.90% and 21.81% respectively. Related: ‘Fake’ Trump Memecoin Alert: Truth Social Sets Record Straight on Token Rumors More established names like Dogecoin and Pepe also showed solid performance, gaining 12.59% and 14.07% respectively. Notably, Fartcoin and Pudgy Penguins hold momentum with 13.44% and 16.24% weekly increases. With this broad-based rally and whale accumulation patterns reported by Lookonchain, the meme coin sector appears to be regaining investor interest. This suggests that this could be a strategic window for high-risk, high-reward exposure. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

The institution transferred $21.6 million worth of LDO and $4 million worth of BLUR to a CEX last week.

Tether has just acquired nearly half a billion dollars in bitcoin as part of a major strategic operation. This transaction paves the way for the launch of Twenty One, a new Bitcoin treasury company preparing to enter the Nasdaq via a SPAC merger. A move that could redefine institutional crypto management standards. On Tuesday, May 13, a document filed with the SEC revealed the scale of the operation. Tether acquired 4,812.22 bitcoins at a unit price of 95,319.83 dollars, for a total investment of 458.7 million dollars. This acquisition forms the cornerstone for the launch of Twenty One. These bitcoins will be transferred to Twenty One after the completion of its SPAC merger with Cantor Equity Partners. This operation will allow the company to access the Nasdaq under the symbol XXI. The bitcoins will be sold at the initial purchase price, without capital gains, demonstrating the strategic nature of the investment. Twenty One is the result of a collaboration between sector giants: Tether, Bitfinex, Cantor Fitzgerald, and SoftBank Group. The company aims to transform institutional management of digital assets with innovative services like bitcoin lending. Tether and Bitfinex will hold a majority stake, with SoftBank retaining a minority share. The initial treasury planned of 42,000 BTC – about 4.4 billion dollars at current prices – will immediately position Twenty One among the leading institutional holders of Bitcoin. Jack Mallers , currently CEO of Strike, will take on the leadership of this new entity. The operation benefits from a favorable context. Bitcoin maintains its strength around 104,000 dollars, just 4% below its all-time high of 108,786 dollars. The improvement of US-China trade relations has contributed to the crypto markets’ rebound this week. Twenty One will develop a comprehensive ecosystem around bitcoin. Beyond storage, the company will offer lending services in BTC and other sophisticated financial products aimed at institutional investors. To finance its expansion, the company plans to raise an additional 600 million dollars: 385 million through convertible bonds and 200 million in private equity. These funds will primarily be used to increase bitcoin reserves and develop operational activities. This strategy aligns with a growing trend of institutional accumulation. Strategy holds nearly 60 billion dollars in bitcoin, while Marathon Digital, Semler Scientific, and Metaplanet have adopted similar approaches. Twenty One’s entry amplifies this movement, confirming bitcoin’s evolution toward a recognized reserve asset. Tether’s investment in Twenty One marks a crucial step in the institutionalization of bitcoin . As the queen of cryptos becomes a central element of corporate treasury strategies, the line between traditional finance and digital markets continues to blur.

The Total Value Locked (TVL) in Ethereum DeFi protocols reached $55 billion, and the NFT sector saw a significant milestone with a rare CryptoPunk sale, triggering higher volume and focus on exchanges like OpenSea and Blur.

$PI $CEC $BTC $ETH $CATS $BLUR how do you feel after selling a coin 🪙 and the coin increase lol 😂 and the coin 🪙 that you bought is still going down lol 😂 are you playing games or what no one will advise you brothers use sense in this crypto deal . you must be vry sensitive to gain