MEW Coin Soars with Korean Won Pairing on Bithumb and More Hot Altcoin News

• OKX has announced the launch of its ULTIUSDT perpetual contract trading.
• Bithumb has added a KRW trading pair for MEW Coin.
• An insider trader gained record profits from HULK but the token collapsed due to subsequent news.

Stay updated on the latest developments in the crypto world with breaking news about HULK, MEW Coin, and other noteworthy altcoins.

OKX Introduces Leverage Trading and Perpetual Contracts for ULTI

Leading cryptocurrency exchange OKX has unveiled its plan to initiate ULTIUSDT perpetual contract trading. Slated to officially commence at 15:30 on June 7, 2023, traders will be able to leverage these contracts through the OKX App and API. Furthermore, the exchange will offer ULTI/USDT leveraged trading and simple coin earnings starting from 15:00 on the same day.

Bithumb Adds Korean Won Pair for MEW Coin

In a significant move, Bithumb has integrated a KRW trading pair for MEW Coin. This comes amid a surge in interest for the meme coin, which has seen its value escalate by over 20% in the last 24 hours, crossing $0.005. Unlike dog-themed meme coins, cat-themed tokens like MEW Coin are gaining traction in the crypto space.

Record Investment Moves by Justin Sun in Pendle

On-chain analyst ‘ai_9684xtpa’ reported that Justin Sun recently withdrew 5,547 ETH, worth approximately $21.32 million, from Lido. Subsequently, he invested an additional 15,000 ETH in Pendle’s three LRT PTs (ether.fi, Puffer, Kelp) maturing on June 27. This brings his total ETH investment in Pendle to 48,000 ETH, valued at $184 million, since June 4.

Whale Purchases 135 Million GME, Gains Unrealized Profit

An unidentified whale made waves by purchasing 135 million GME with 12,110 SOL, amounting to roughly $2 million. On-chain tracking by Lookonchain highlights the whale’s unrealized profit of $1.4 million from this strategic acquisition.

HULK Token Plummets Following Hulk Hogan’s Social Media Deletions

According to Step Finance’s Solana Floor account, the market capitalization of the HULK Solana meme coin plummeted by $15 million following Hulk Hogan’s deletions of posts promoting the coin. The meme coin’s value fell precipitously from $17 million to $2 million within minutes. A trader who capitalized on this volatility garnered significant attention.

High-Frequency Trader Gains 812x Returns from HULK

Per Lookonchain’s detailed analysis, a trader achieved an astounding return by trading HULK. Investing just 7.1 SOL (valued at $1.2k), the trader acquired 190.2 million HULK (19% of the total supply) and sold it for 5,760.7 SOL (worth $979k), realizing an 812x gain. This sale contributed to an over 85% drop in HULK’s price.

Iggy Azalea’s Meme Coin Spikes Thanks to Whale Purchase

Mother Iggy (MOTHER), another meme coin, soared over 120% after a whale purchase. Data from CoinGecko indicates MOTHER reached an all-time high of $0.2306. This dramatic increase is linked to the whale withdrawing 8,943 SOL (about $1.54 million) from Binance to purchase 8.6 million MOTHER tokens at $0.1789, as reported by Lookonchain.

Massive Profits from EgyptCat (SPHYNX) in a Short Trade

In another impressive display of trading acumen, a trader utilized 120 SOL to acquire EgyptCat (SPHYNX) the moment it became available. Within an hour, selling all of it netted 3,257 SOL, equating to $540k. This feat represents an ROI of 2614% from the trade.

Conclusion

As the crypto market continues to evolve, trading strategies and new token interests keep emerging. From OKX’s new leverage services to significant purchases impacting meme coins like HULK and MOTHER, the dynamics of digital assets remain unpredictable and thrilling. Traders and investors alike should stay informed and strategic to navigate this ever-changing landscape.