Latest news with #Nansen
Yahoo
21 hours ago
- Business
- Yahoo
PEPE Plunges 5% on Volume Spike, but Whale Wallets Are Accumulating
PEPE fell more than 5% in the last 24-hour period, dropping from a session high near $0.000014167 to a low of $0.000012915, before seeing a slight recovering. Trading volume reached 13.02 trillion tokens an hour during the sell-off, more than four times the session average of 3.2 trillion, according to CoinDesk Research's technical analysis data model. Despite the selloff, several market indicators suggest deeper investor interest. Google search queries for PEPE jumped on July 22, peaking shortly before the crash, according to Google Trends. Meanwhile, whale wallet holdings on Ethereum, measured by the top 100 addresses, grew by 3.2% over the past 30 days. PEPE tokens on exchanges dropped by 2.5% over the same period, according to Nansen data, suggesting there's less available supply. By the end of the session, PEPE had clawed back some of its losses, stabilizing around $0.0000131. Recovery volume stayed elevated, averaging between 300 and 400 billion tokens per hour, showing renewed buying interest in the aftermath of the drawdown. Technical Analysis Overview Price action during the session was defined by sharp swings and clear levels of resistance and support. PEPE consistently failed to break through the $0.000014150 range, forming a ceiling that turned buyers away multiple times. On the downside, the $0.000013 mark acted as a floor where prices repeatedly bounced back. The most intense selling came as hourly volume spiked, suggesting forced exits and large-scale profit-taking. But by session close, steady buy-side activity, averaging 300 to 400 billion tokens per hour, hinted at a potential rebound. While the rally lost steam, the underlying trading behavior reflects a pattern familiar in memecoin markets: hype-driven surges followed by sharp corrections, with long-term holders seizing volatility as an entry point. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
News18
6 days ago
- Business
- News18
Crypto Market Booms As Ethereum Soars 70% In A Month, Trump's Company Reaps Massive Gains
Last Updated: Currently, Ethereum is trading at $3,538.23, while Bitcoin stands at $118,071.65. In the last 24 hours alone, Ethereum has seen institutional purchases worth $5 million News18 There's a surge of activity in the cryptocurrency market as the total market capitalisation has crossed the $4 trillion mark for the first time ever. After a strong rally in Bitcoin, Ethereum is now making headlines with an impressive rise. The world's second-largest cryptocurrency has jumped 20% in just five days and a whopping 70% over the past month. Its market cap has swelled by $150 billion in less than 30 days. US President Donald Trump's company, World Liberty Financial, has reportedly made significant investments in Ethereum. With the latest price rally, Trump is said to have gained enormously from the rise. Currently, Ethereum is trading at $3,538.23, while Bitcoin stands at $118,071.65. In the last 24 hours alone, Ethereum has seen institutional purchases worth $5 million. The GENIUS Act Fuels the Rally The driving force behind this crypto boost is a historic law passed in the United States, the GENIUS Act, which was signed by President Trump last Friday. The legislation has sparked fresh enthusiasm and confidence among investors, pushing 'Crypto Week' into high gear. Cryptocurrencies are now being seen as more than just a risky or speculative investment. So far in July, Bitcoin funds have attracted $5.5 billion (Rs 46,750 crores), while Ethereum ETFs have seen investments worth $2.9 billion (Rs 24,650 crores). According to sources, Trump's company has recently invested around $10 million (Rs 85 crores) in Ethereum. Blockchain data from Nansen reveals that World Liberty Financial bought 3,007 ETH at a price of $3,325 each. This isn't their first major investment as in March, the company had already purchased 4,468 ETH. In addition to Ethereum, Trump's personal gains from his $TRUMP meme coin have been remarkable. According to crypto analytics firm Gauntlet, he has earned $150 million (Rs 1,275 crores) from the token between January and mid-June. Research platform Messari suggests that a planned 'coin unlock' this week could increase his crypto wealth by another $100 million (Rs 850 crores). view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Yahoo
15-07-2025
- Business
- Yahoo
PEPE Falls 3% as Heavy Selling Overwhelms Bounce Attempts Despite Whale Accumulation
PEPE shed nearly 3% in the past day as traders dumped tokens in unusually high volumes, underscoring renewed anxiety in the cryptocurrency space and significant profit-taking. PEPE fell 3% with volatility hitting 7.74%, according to CoinDesk Research's technical analysis data model. The token saw peaks of $0.00001268 before tumbling to session lows around $0.00001169 early in the day. While prices briefly bounced, the rebound stalled quickly, leaving PEPE pinned near resistance around $0.00001206. The massive 24-hour trading volume, exceeding 3.47 trillion tokens, points to large liquidations or rapid repositioning by traders. It comes amid a broader market sell-off that has seen the CoinDesk 20 (CD20) index drop by 2.95% in the last day, while the CoinDesk Memecoin Index (CDMEME) receded 3.9%. Yet whale accumulation appears to remain robust. Data from Nansen shows that over the past seven days, PEPE whales on Ethereum added 1.4% to their holdings, which now total 305.26 trillion PEPE, while funds on exchanges dropped by 1.14% to 251.2 trillion. PEPE's performance over the past 24 hours underscored the intensity of the market's bearish tilt. The token dropped 3%, weighed down by relentless selling. Trading remained volatile, with prices swinging across a range of $0.00000980 and posting intraday volatility of nearly 8%. Bulls briefly pushed prices to $0.00001268 at one point, but strong resistance emerged at the $0.00001267 level. From there, sellers steadily took control, driving prices to a session low of $0.00001169. Though PEPE managed a modest rebound, climbing from $0.00001210 to as high as $0.00001217, momentum fizzled quickly. The coin settled near $0.00001206, now acting as a resistance zone, suggesting the market remains in consolidation rather than reversing its slide. Trading volumes soared beyond 3.47 trillion tokens, highlighting the scale of activity as traders reacted to shifting price levels. Until PEPE can hold above key resistance and absorb selling pressure, its trend appears locked in a bearish pattern. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Yahoo
11-07-2025
- Business
- Yahoo
PEPE Jumps 14% as Whales Pile In, Bitcoin Breaks $118K in Broad Crypto Rally
The price of PEPE (PEPE) shot up 14% over the last 24 hours, driven by large-scale buying and a broader rebound across the cryptocurrency space that saw bitcoin (BTC) top the $118,000 mark. The token surged from $0.000011141 to $0.000012812, adding fuel to a sector that thrives on online hype and sudden bursts of trading. While the broader CoinDesk 20 (CD20) index rose 7.3% in the last 24-hour period, the CoinDesk Memecoin Index (CDMEME) is up 11.3% in the same period. Behind the spike was also whale activity. Data from Nansen shows that the top 100 addresses holding PEPE have added more than 1% to their holdings just in the past day, to 304.1 trillion PEPE, while exchanges holdings have kept on dropping. Over the past month, the top 100 PEPE addresses grew their holdings by 2.3%, while the total amount of tokens held on exchanges dropped by 2.17% to 252.2 trillion. Technical signals hint at sustained momentum for PEPE. During the rally, the token traded in an 18% range between lows of $0.000009823 and highs of $0.000013068. A key resistance level emerged at $0.000012482, with price reversals happening there on heavy volume, according to CoinDesk Research's technical analysis data model. Meanwhile, solid support held near $0.000011013 as traders bought dips aggressively. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
Yahoo
09-07-2025
- Business
- Yahoo
PEPE Rises 3% as Whale Holdings Climb, Crypto Market Shakes Off Tariff Jitters
Popular meme-inspired cryptocurrency PEPE (PEPE) rose roughly 3% in the last 24-hour period amid heavy trading volumes. The token's price oscillated in a narrow band between $0.0000099035 and $0.0000102814 over the period, rising to recently 0.00001043. While that range may be modest, traders shifted 5.64 trillion tokens during the busiest hour, hinting at strong interest despite lingering market jitters, according to CoinDesk Research's technical analysis data model. Much of the buzz centered around whales, or large holders, whose total stash rose 1.75% to 303 trillion tokens, while the amount held on cryptocurrency exchanges dropped by 2.9% over the last 30 days, according to Nansen data. A lower amount on exchanges coupled with larger numbers in the hands of whales could suggest that demand is picking up while supply — the funds available to trade immediately on exchanges — is temporarily lowered. PEPE's price found solid footing above $0.000010200 during the session, with bursts of activity pushing it higher in brief spikes. The cryptocurrency's price recovery comes amid a wider altcoin market rally, with the CoinDesk 20 (CD20) index rising 2.6% in the past 24 hours as the cryptocurrency market shrugs off U.S. President Donald Trump's new tariffs, set to take effect Aug. 1. Meme coins like PEPE often swing wildly on both technical signals and internet hype. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
