Whales Purchase 1.35 Trillion SHIB in 12 Hours Amidst Crypto Market Surge

• In a significant move in the crypto market, two whales purchased a staggering 1.35 trillion SHIB within a 12-hour timeframe.
• Meanwhile, four multi-signature addresses transferred 300,000 LINK to Binance, marking another noteworthy transaction.
• An impressive detail emerged as BONK Coin witnessed an 80% surge in trading volume, indicating high interest.

Recent crypto market activities reveal substantial movements in SHIB, LINK, and BONK Coin, showcasing the dynamic nature of digital assets.

Whales Accumulate 1.35 Trillion SHIB in 12 Hours

The crypto waters are heating up, as evidenced by recent whale activity. On-chain analytics platform Lookonchain reported on June 5th that two whale accounts, utilizing nine different wallets, acquired a total of 1.356 trillion SHIB at an average price of $0.00002596 within 12 hours. This acquisition equates to approximately $35.2 million.

Significant LINK Transfers to Binance

In another notable development, on-chain data analyst ‘ai_9684xtpa’ observed that four multi-signature addresses, likely associated with the same entity, transferred a total of 300,000 LINK (valued at $5.07 million) to Binance. These tokens were initially received from Binance between November and December 2022. The addresses have an average token acquisition cost of $7.26, implying a potential profit of $3.14 million if sold at current prices.

Smart Money Moves ETH to Binance

According to on-chain observer The Data Nerd, a Smart Money address starting with 0xbf5 recently deposited 1,593 ETH (roughly $6.06 million) to Binance. This address accumulated ETH at an average price of $1,741 last year. Selling at the current market price would yield a return on investment (ROI) of approximately 127%, equating to a profit of $3.38 million.

Gala Games Introduces New Token Creation Tool

Gala Games has launched a new token creation tool on GalaSwap, allowing users within the Gala Games community to create their own tokens on the GalaChain. This tool facilitates the creation of custom tokens, including both meme and utility tokens, by burning GALA.

BitMart Launches Exclusive Event for BMX Token

BitMart announced a special event for its native token, BMX, following a significant price surge that saw BMX exceed $0.62366. This new all-time high represents an 86.71% increase over the past 24 hours. The event, running from June 5 to June 10, 2024, offers users the opportunity to share a total reward pool of 2,000 USDT by first-time deposits or trading of BMX.

Kraken Lists New DOGE Trading Pair

Crypto exchange Kraken Pro has expanded its trading options by adding a new Dogecoin trading pair. The platform now supports DOGE/AUD (Australian Dollar), highlighting its strategic efforts to cater to a diverse trading community.

BONK Coin’s Volume Soars by 80%

On the Solana Blockchain, meme coin BONK has caught the market’s attention with an 80% increase in trading volume, reaching $701.83 million. This surge indicates growing trader interest, with BONK trading at $0.00003354 at the time of writing—an approximate 3% increase over the past 24 hours. Over the last 30 days, the token has seen a 33.5% increase in value, reflecting a sustained upward momentum.

Conclusion

The recent activities in the crypto market underscore the volatile and dynamic nature of digital assets. Significant transactions involving SHIB, LINK, and BONK showcase both the strategic maneuvers of large investors and rising interest from the broader trading community. As the market evolves, these trends provide insights and opportunities for keen market participants.