Diamond hands Ethereum holder makes $131.7M in 2 years

An investor turns a $151.42 million Ether investment into $214.34 million during a two-year bear market by following the hodl strategy.

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Neiro memecoin developer makes $2.85M profit after apparent rug pull

The developer wallet made an over 5,100x return on his initial $550 investment.

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Bitcoin Turbulence Ahead: Germany Dumps $100M BTC

Bitcoin braces for seismic aftershocks as the German government has begun offloading its vast BTC holdings. In the past two days, authorities have deposited a whopping 1,700 BTC, worth over $100 million, to leading cryptocurrency exchanges Coinbase, Kraken, and Bitstamp. This abrupt outpouring of BTC into the market is closely monitored by traders and investors, […]

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Memecoin trader loses over $1M following Normie exploit

The unfortunate trader suffered a loss of over 99% on his initial $1.16 million investment following a smart contract exploit.

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Here Are The 3 Crypto Tokens That Earned A Trader $42 Million Profit In One Year

In cryptocurrency trading, remarkable success stories often emerge, showcasing the potential for significant returns. One such story is that of an anonymous crypto trader who recently managed to turn a portfolio of $23 million into $65 million over the course of a year, according to insights from Lookonchain, a crypto analytics platform. This $42 million profit highlights the traders smart money move in the volatile crypto market. The trader leveraged strategic investments in tokens such as PEPE, ONDO, and BEAM to achieve substantial gains. Related Reading: Tiny Pepe, Big Dreams: Memecoin Explodes, Eyes Dominance In The Dog House Maximizing Returns Through Precise Market Timing This traders journey began with a strategic crypto investment in PEPE, which alone yielded a return of $60 million. The trader demonstrated a deep understanding of market trends and token potential by capitalizing on market timings and price fluctuations. Notably, the trader’s investment in PEPE resulted in a 1203% return in gains. Initially investing 2,434 ETH (valued at approximately $5 million) to acquire 3.97 trillion PEPE, the trader sold 125 billion PEPE for 350 ETH, or around $1.27 million, at peak prices. The remaining holdings in PEPE were valued at $56.43 million, according to data from Lookonchain. What a smart trader! In just 1 year, his portfolio grew from $23M to $65M, earning $42M! – Made $60M(+1203%) on $PEPE! – Made $5.8M(+288%) on $ONDO! – Made $1.85M(+72%) on $BEAM! 1/ Let’s dig into his trades. pic.twitter.com/ahSmmwsJIz Lookonchain (@lookonchain) May 24, 2024 In addition to PEPE, the trader diversified their crypto portfolio by investing in ONDO and BEAM, each offering different returns and market behaviors. The investment in ONDO resulted in a $5.8 million profit with 288% return on investment (ROI), showcasing effective diversification and asset selection strategies. While BEAM provided the least returns among the three, it still contributed positively to the trader’s portfolio. An initial investment led to a 72% ROI, which, although smaller relative to PEPE and ONDO, demonstrates the importance of portfolio diversification. It is worth noting that such diversification in crypto helps balance the risks and enhance the overall stability of investment returns across different market conditions in the crypto market. The 3 Crypto Tokens Performance Overview Among the three tokens the trader utilizes to secure substantial returns on investment, PEPE has emerged as the leading performer, followed by ONDO and BEAM. Recently, PEPE has achieved notable milestones, ascending to new all-time highs. Over the last week, the asset has experienced a surge of over 40%, and an additional 4% increase in the past day, reaching a new peak at $0.00001526. Despite this recent uptick, PEPE’s value has receded by 6.8% from its highest point, now trading at $0.0000144. Meanwhile, ONDO marked a new all-time high earlier today at $1.15 but has since retracted by 2.7%, with its current price at $1.12. This represents a substantial 15.8% increase within a single day, cementing a week-long upward trend that has seen the token’s price climb by nearly 20%. Related Reading: Ondo Finance Joins BlackRock Tokenized Fund As Inflows Surpass $160M BEAM, however, has shown more modest gains compared to the other two. Over the past day and week, it has recorded increases of 1.5% and 7.9%, respectively. Currently, BEAM is trading at $0.02736. Notably, this marks a significant drop of approximately 38% from its early May high of $0.04416, indicating less volatility and smaller gains than its counterparts. Featured image created with DALL·E, Chart from TradingView

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Major Ethereum Whale Dumps 10,000 ETH After 2 Years, Is It Time To Get Out?

An Ethereum whale has dumped its ETH holdings after holding them for over two years, even through a bull market. This capitulation from the ETH whale suggests it might be a good time to offload the leading altcoin, with a further crash in the coming weeks a possibility.  Ethereum Whale Dumps 10,000 ETH After 900 Days In an X post, on-chain analytics platform Lookonchain revealed that an Ethereum whale finally capitulated after holding for over 900 days, selling all their 10,000 ETH for $15.71 million. This whale had originally bought 10,000 ETH for $12.95 million at an average price of $1,295 on October 4 and November 14, 2022.  Related Reading: Ethereum Pain Is Far From Over: Why A Massive Drop To $1,400 Could Rock The Underperformer The Ethereum whale didnt sell any of their ETH holdings, even when the leading altcoin broke through $4,000 twice in 2024. However, the whale has now capitulated with the Ethereum price below $1,500, nearing their average entry price of $1,295. The investor sold the coins for a $2.75 million profit, while their unrealized profit was $27.6 million at its peak.  This Ethereum whale isnt the only one who is capitulating. As Bitcoinist reported, ETH whales have dumped over 500,000 coins in the space of 48 hours. This development is thanks to Ethereums massive crash, with the leading altcoin at risk of dropping lower. This decline is part of a broader crypto market crash, which has occurred due to Donald Trumps tariffs.  Trumps tariffs have led to a major trade war with China, which has promised not to back down, further sparking concerns among investors. As such, the Ethereum price looks more likely to suffer a further crash in the meantime, which explains why these Ethereum whales are capitulating to cut their losses.  Donald Trumps World Liberty Financial Also Capitulating? Donald Trumps World Liberty Financial (WLFI), an Ethereum whale, looks to be feeling the heat and might have already started capitulating. Citing Arkham Intelligences data, Lookonchain revealed that a wallet possibly linked to WLFI sold 5,471 ETH for $8.01 million at the price of $1,465, representing a loss for the whale in question.  Related Reading: From Solana To Ethereum? Donald Trumps World Liberty Spends $20 Million On ETH World Liberty Financial had previously bought 67,498 ETH for $210 million at an average price of $3,259. The crypto firm is now sitting on an unrealized loss of $125 million, seeing as the Ethereum price has declined by over 50% since their purchases.  Crypto analyst Ali Martinez predicts that the Ethereum price will crash further in the short term, indicating that Ethereum whales like WLFI could witness more unrealized loss on their ETH holdings. Martinez stated that $1,200 could be where the leading altcoin finds its footing.  At the time of writing, the Ethereum price is trading at around $1,400, down over 8% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

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Ethereum CrossX Indicators Flashes Buy As Insitution Accumulates, Analyst Says Brace For $4,000

New reports indicate that the Ethereum (ETH) CrossX indicator is flashing strong buy signals, suggesting a potential breakout toward $4,000. As the market transitions from selling to buying, on-chain data shows that institutional investors are heavily accumulating ETH tokens, indicating a shift in sentiment.  Institutions Load Up On ETH As Buy Signal Flashes On-chain analytics platform, Lookonchain, has identified a notable increase in Ethereum accumulation, largely driven by institutional whales. Over the course of three hours, a wallet address reportedly associated with the trading firm Cumberland DRW withdrew a staggering 27,632 ETH, worth approximately $50.24 million. This transfer was made from major exchanges, including Coinbase, Copper and Binance. Related Reading: Ethereum Price Reaches Last H1 Support, Next Major Resistance Comes Into View The wallets activity involved multiple high-value transfers, such as a 7,600 ETH withdrawal worth $13.83 million from Coinbase, a 5,992 ETH withdrawal worth $10.92 million from Copper and Binance, and an additional 5,960 ETH transfer valued at $10.88 million from Copper.  Notably, the receiving wallet, 0ex287AA111, was consistently used across all transactions, suggesting coordinated accumulation rather than a typical trading activity. Historically, large-scale withdrawals from Ethereum exchanges have preceded price surges, as they significantly reduce sell-side liquidity and indicate a longer-term holding pattern by investors.  Amid this growing institutional accumulation, the Ethereum CrossX Indicator, as noted by Ezy Bitcoin on X, has recently flashed a strong buy signal. This reinforces the notion that institutional interest is rising, signaling an increase in demand and potentially setting the stage for further upward price movement.  Ethereum CrossX Indicator Suggests $4,000 Surge Ahead Shedding more light on Ezy Bitcoins report, the CrossX indicator, which officially triggered a buy signal for Ethereum, is signaling a potential surge above $4,000 for the altcoins price. The market expert highlights that this is the first signal seen in nearly six months and, historically, has often preceded significant price action and explosive moves.  Related Reading: Ethereum Price Threatened With Sharp Drop To $1,400, Heres Why The CrossX Indicator, a tool used to detect high-probability trend reversals based on volume, price action, and divergence patterns, has shown remarkable accuracy in past cycles. As seen in the analysts weekly chart, previous buy signals were followed by rallies that took ETH to new local highs. Now, with Ethereums price rebounding off recent lows and a fresh Bullish Divergence in place, the same rally pattern may be unfolding again. If history repeats, ETH could be gearing up for a run beyond $3,000, with the possibility of testing the $4,200 range by years end.  According to CoinMarketCap’s data, Ethereum is currently trading at $1,803, reflecting a yearly decline of 43.10%. A potential rise to $4,200 would represent a staggering 132.95% increase, bringing Ethereum (ETH) closer to its present all-time high of over $4,800. Featured image from Adobe Stock, chart from Tradingview.com

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Ethereum Pain Is Far From Over: Why A Massive Drop To $1,400 Could Rock The Underperformer

Crypto analyst Klejdi has indicated that Ethereums pain is far from over, with the second-largest crypto by market cap set to suffer a further downtrend. Specifically, he warned that ETH could still drop to as low as $1,400 before it finds a bottom.  Ethereum May Still Drop To As Low As $1,400 In a TradingView post, Kledji stated that Ethereum may drop to $1,400, providing a bearish outlook for the altcoin, which has underperformed other top cryptocurrencies. The analyst noted that ETH lost nearly 12% of its value within just three days after breaking out of its recent pattern last Friday.   Related Reading: Crypto Pundit Says Bears Will Continue To Dominate Ethereum Price, Heres For How Long He further mentioned that Ethereums movement and the rest of the crypto market are closely tied to Bitcoin. As such, this ETH crash is likely to happen, seeing as the flagship crypto has dropped to $81,300 and is already showing signs of further decline.  Klejdi highlighted in his accompanying chart that ETH will likely consolidate near its current level before continuing to move lower. However, the chart showed that the move to this $1,400 target will likely happen this month.  In the meantime, the analyst believes it would be wise to wait for Ethereums price to form another bearish pattern before entering a trade. He again reaffirmed that there is a strong possibility that ETH may extend its drop to $1,400.  Ethereum whales are already capitulating ahead of this projected price crash. Onchain analytics platform Lookonchain revealed an ETH OG that has sold off all its holdings. This investor bought 5,0001 ETH while trading at $277 in 2017 and didnt sell when the altcoin hit its ATH during the last bull run. The whale started selling last month, possibly giving up on Ethereum making a comeback anytime soon.  ETH Will Still Reach New Highs Crypto analyst Virtual Bacon is still confident that Ethereum will reach new highs. He noted that ETH is back at its key bear market breakout zone, retesting the $1,700 and $2,100 range. He predicts that the altcoin will continue to chop around this range in the short term. However, he remarked that Ethereum tends to catch up fast once the US Federal Reserve pivots and global liquidity turns.  Related Reading: Ethereum Price Forms Megaphone Bottom Not Seen Since 2020, Heres What Happened Last Time Crypto analyst Crypto Patel affirmed that Ethereums biggest run is coming. He stated that Q2 to Q4 of this year will be life-changing for ETH. The analyst added that this could be the cycle top window and advised market participants not to miss it. Crypto Patel advised that they should accumulate between $1,900 and $1,300 with the target of between $7,000 and $10,000 in mind.  At the time of writing, the Ethereum price is trading at around $1,850, up in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

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Ethereum Price Dump: Is Donald Trumps World Liberty Finance Behind The Crash To $1,400?

The Ethereum price crash to $1,400 has shaken the crypto market, amplifying already volatile conditions. This dramatic price drop comes after a major ETH sell-off by US President Donald Trumps World Liberty Finance, suggesting that the recent dump may have been a primary catalyst behind ETHs price collapse. Blockchain analytics platform Lookonchain revealed on April 9 via X (formerly Twitter) that the wallet associated with World Liberty Finance, a decentralized finance protocol linked to Trump, recently dumped a significant amount of Ethereum. Interestingly, this sell-off came just before Ethereums price crash, raising the question of whether it contributed to the unexpected decline. Donald Trumps World Liberty Finance Dumps ETH Launched in 2024, World Liberty Finance is Trumps controversial digital asset firm designed to rival centralized banking and facilitate the adoption of stablecoins. According to data from Lookonchain, Trumps World Liberty Finance, which was previously accumulating Ethereum at a low price, is now selling off a large chunk of its holding at a steep loss.  Related Reading: Major Ethereum Whale Dumps 10,000 ETH After 2 Years, Is It Time To Get Out? Lookonchain flagged the transaction, noting that the wallet linked to World Liberty Finance had offloaded 5,471 ETH tokens worth roughly $8.01 million. The sell-off was executed at a price of $1,465 per ETH, a significant drop from its previous value of over $1,600.  Notably, World Liberty Finances ETH sell-off move has raised eyebrows across the crypto community. It appears to mark a shift in strategy for a player who was previously known for large-scale ETH accumulation.  According to Lookonchain, the wallet address linked to World Liberty Finance had accumulated a total of 67,498 ETH at an average price of $3,259. This means that the decentralized finance protocol spent a total of $210 million to amass such a large amount of ETH.  At its sell-off price, this leaves the entity sitting on a staggering unrealized loss of around $125 million. The recent sell-off also adds more fuel to the growing uncertainty surrounding Ethereums future outlook, as the cryptocurrencys recent price crash has sparked even more bearish predictions of continued decline.  Although the reason behind World Liberty Finances unexpected ETH sell-off remains unclear, some believe that the dump was likely triggered by Ethereums ongoing price decline, while others suggest it could signal a market bottom.  Ethereum Price Crash To $1,400 Ethereums price decline to $1,400 came as a shock to the market, making it the first time the cryptocurrency had fallen so low in seven years. Notably, Ethereum was not the only leading cryptocurrency that was affected by the market turmoil, as big players like Bitcoin also suffered losses. Related Reading: Ethereum Goes Head To Head With XRP: Analyst Says ETH Will Outperform For This Reason Currently, Ethereum seems to be recovering slightly from its previous low and is now trading at $1,591 after jumping 7.44%. Although this recovery brings hope of a rebound, the cryptocurrencys value has still dropped by 16.63% over the past month. Moreover, technical indicators from CoinCodex highlight that sentiment surrounding the cryptocurrency is still deeply bearish, suggesting that further declines could be on the horizon. Featured image from Unsplash, chart from Tradingview.com

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8-Year Dormant Ethereum ICO Participant Makes 641 ETH Move On 8th Birthday

On-chain analyst firm, Lookonchain tweeted today about an Ethereum ICO participant who emerged from an eight-year dormancy to make a significant move in the market. The participant reportedly transferred a total of 641 ETH and commenced staking activities. As a result of his strategic move, the participant has now received a whopping 2,000 $ETH, valued […]

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AAVE Up By 28% In 7 Days As DeFi Tokens Make A Comeback

AAVE, one of the most prominent DeFi tokens, is currently experiencing a market pump, gaining  28.33% in the last 7 days, according to CoinMarketCap data. Over the past week, most of the crypto market has seen a boost in prices following the Bitcoin-fueled recovery, which also saw the premier cryptocurrency trade above $31,000 for the first time since June 2022. AAVE Price Overview  AAVE began last week trading around $50.99 before experiencing some steady gains during the week, causing the DeFi token to close its weekly market at a price of $56.86. Related Reading: Pepe Surge: Trading Volume Outshines SHIB And DOGE – Will This Trend Continue? That said, the AAVE coin experienced a massive spike in price yesterday, June 25, propelling the token by 32% to trade as high as $75.06 for the first time since last month.  Although the token has since declined from this price level, AAVE appears to have found some stability and could be preparing for another breakout. At the time of writing, AAVE is exchanging hands at $65.4, with a 0.67% rise in the last hour. Meanwhile, the token’s daily trading volume stands at $406 million, having gone up by 1.85% in the last 24 hours.  In addition, AAVE boasts a total market cap of roughly $942 million, allowing it to rank as the 44th biggest cryptocurrency in the market.  AAVE Trading At $65.88 | Source: AAVEUSD Chart On Tradingview.com Behind’s AAVE Rise Following AAVE’s recent price boost, there has been much speculation on the propelling force behind this bullish movement.  According to on-chain analytics firm, Lookonchain, AAVE’s gain in market price appears to be due to massive whale activity by an investor with wallet address “0x5a80” in the last day. Related Reading: Lightning Network Hits Record Highs In Bitcoin And US Dollar Capacity Via a post on their official Twitter handle, Lookonchain reported that Whale “0x5a80” began acquiring massive amounts of the DeFi token in the early hours of yesterday. The individual purchased 182,152 AAVE – worth $13.2 million at the time – within a span of 5 hours.  Looking at data from CoinMarketCap, Lookonchain concluded that this massive whale activity coincided with the period in which AAVE’s surge in market value began yesterday.  As of this morning, the blockchain data platform also reported that the whale “0x5a80”  had acquired a total of 257,147 AAVE tokens – valued then at $17.2 million – in the last 24 hours. Before halting their buying spree, whale “0x5a80” is believed to hold an estimate of 474,579 AAVE tokens – valued at $31.8 million. However, since whale “0x5a80” stopped accumulating AAVE, the token’s market price has been on a nosedive, losing nearly 13% of its value in the last 8 hours.  That said, several AAVE investors are likely to be on the watch for the actions of the whale “0x5a80” over the next few days, as it may be pivotal to the token’s future price movements. Featured Image: Getty Images/istockphotos, chart from Tradingview

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Anonymous Meme Coin Hunter Amass Over $2B In A Single Day

An anonymous meme coin hunter spent 200 ETH worth nearly $363k to purchase 239 billion Pepe tokens and also spent 165 ETH valued at $300k to buy 3.98 billion RFD tokens. In just 2 days, he made a profit of 102 ETH [$185K] on RFD. Onchain data platform Lookonchain which has been tracking the mysterious […]

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XRP Whale’s Bold Move Ignites Speculation Amidst Price Surge

In a significant development for the cryptocurrency market, XRP has surged by an astonishing 73% following Judge Analisa Torres’ ruling that it is not a security. This landmark decision has invigorated the Ripple community and fueled a rapid price increase, prompting significant movements among investors. Amidst the price surge, one investor, known only as an […]

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3-Year Inactive Ethereum ICO Participant Transfers $8.3M: Is a Whale On the Move?

An Ethereum ICO participant who had been inactive for the past three years has reportedly made a significant cryptocurrency transfer. Lookonchain, a popular crypto analytics platform, earlier today reported on Twitter that the individual had transferred a whopping 5,055 ETH coins to a new address. The transfer, which is estimated to be worth a staggering […]

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Ethereum Investor’s Risky Move Cost Him +$2M In 6 Months

In 2022, Ethereum lose over half of its value between January 1 and September 15, but it also jumped by 64% from mid-July to mid-September, sending investors on a roller-coaster ride. Regrettably, many inexperienced investors have engaged in dangerous activity as a result of these enormous price swings. Leading web3 analyst Lookonchain highlighted one such […]

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Dormant Ethereum (ETH) ICO Participant Suddenly Stakes $80M In October

In a notable turn of events, a mysterious Ethereum ICO participant who had been dormant for six long years suddenly reemerged, making a massive move on the crypto market. According to a tweet from Lookonchain, a leading on-chain data analytics firm, the individual in question staked a whopping 48,992 ETH, equivalent to a staggering $80 million, in […]

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Bitcoin Whale Moves 15,000 BTC After Four Years

An old Bitcoin wallet that had been inactive for approximately four years recently transferred about 15,000 BTC (worth about $252.5 million) to an unknown address, according to data analysis from Lookonchain.  The account was last active in July 2019. The specific addresses involved were mentioned in Lookonchain’s tweet. However, the address that received the funds now holds […]

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Is Binance FUD Dissipating Away? Deposit Of $100 Million USDC By Justin Sun

Despite a lot of FUD around Binance, the biggest crypto exchange in the world, Lookonchain, a blockchain analysis company, claims that Justin Sun moved 100M USDC from Circle to Binance just two hours ago. Chinese cryptocurrency entrepreneur and business executive Justin Sun took 34 million BUSD and 15.4 million USDT from Binance nine hours ago. Then moved them […]

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Bitcoin Whale’s Latest Activity Arouses Curiosity: Details

A whale that drove down Bitcoin’s price during the crypto winter has resurfaced again to move 4,451 BTC tokens worth over $133 million. This massive deposit has triggered a frenzy of speculative activity among crypto aficionados and market watchers. Several on-chain sleuths tracked down the past activity of the address and discovered that the same […]

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Bybits $742M Ether Purchase: What It Means for Lookonchain

Bybit acquires $742 million worth of Ether shortly after security breach In a bold move, Bybit has purchased a substantial amount of Ether, totaling $742 million, just days following a hack on the platform. The unexpected acquisition has raised eyebrows in the cryptocurrency community, as many speculate about the motives behind this significant investment. The [...]

The post Bybit’s $742M Ether Purchase: What It Means for Lookonchain appeared first on Crypto Breaking News.

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