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Enormous Whale Gets Liquidated as Bitcoin Price Sinks Lower

by admin June 5, 2025

According to Arkham Intelligence, a massive liquidation event took place on Hyperliquid, a popular derivatives trading platform, several minutes ago.

Popular trader James Wynn has had all of his long positions wiped out after the price of Bitcoin sank lower earlier today.

The total trade value of his positions stood at roughly $39.3 million. The last liquidation event took place after the price of the leading cryptocurrency dipped to $103,266. The trader has been liquidated three times in a row.

Before his positions got wiped out, the trader recorded an unrealized profit and loss (PnL) of -$1.13 million.

Wynn has now exited all of his positions with a lifetime PnL of -$20.5 million.

Bitcoin is currently changing hands at $103,465, according to the CoinGecko data.

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June 5, 2025 0 comments

NFT Gaming

Solana Sees Another Large Spike In Coin Days Destroyed, Could A Price Shift Be Next?

by admin June 5, 2025

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The growing bearish market performance appears to have heavily impacted Solana’s price action, causing the altcoin to resist key support levels after a period of bullish movements. Given the prevailing waning price performance, indications of profit-taking are starting to emerge as SOL witnesses a major surge in Coin Days Destroyed.

Coins Days Destroyed Explodes On Solana

Solana’s current bearish trend has triggered a notable shift in its on-chain dynamics. Following this weakening period is the recent massive spike in Coin Days Destroyed as reported by Glassnode, a leading financial and on-chain data platform, in a post on X.

The Coin Days Destroyed (CDD) is a key metric that measures the movement of coins by weighting transactions based on how long these assets have been held. Thus, such a huge uptick in the metric signals a significant movement of long-held coins.

Furthermore, the development points to a possible profit-taking from long-dormant wallets or a strategic realignment by seasoned investors. Should this trend persist, it is likely to have implications for Solana’s price trajectory.

SOL’s surge in Coin Days Destroyed | Source: Glassnode on X

According to the on-chain platform, the coin days destroyed for Solana year-to-date (YTD) reached approximately 3.55 billion SOL on Tuesday, marking its third-largest spike since the beginning of this year.

In prior spikes, the coin days destroyed increased sharply to 5.53 billion SOL on February 26, which currently stands as the biggest so far this year. Meanwhile, the second-largest surge in coin days destroyed was recorded on March 3, reaching about 4.64 billion SOL. Glassnode noted that these consistently large spikes are hinting at a shift in holders’ conviction as the SOL price struggles to regain upward momentum.

With previous massive spikes preceding heightened volatility, SOL’s waning price may be extended in the upcoming weeks. A continuation of the ongoing volatile period is likely to trigger distribution among these wallets, driven by reduced volume and technical flashes of mean oversold setups.

SOL’s Network Fundamentals Showing Strength

Despite the substantial upticks in the coin days destroyed, the Solana network activity remains strong. The Solana Post, an informative platform on X, disclosed that the network is flexing its strength, consistently surpassing all other chains in the number of active addresses and transactions processed in a single day.

Data from the platform shows that the daily active wallet addresses on the network have increased to 7 million, while the daily transaction count exceeds 100 million. This notable performance could be attributed to the network’s low transaction costs and fast throughput, which keep attracting users and developers. SOL’s heightened user engagement, surpassing that of all other major chains, highlights its growing dominance in blockchain activity, cementing its position as a leading network.

SOL trading at $152 on the 1D chart | Source: SOLUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

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June 5, 2025 0 comments

NFT Gaming

Shiba Inu price at risk of deeper dive as whales capitulate

by admin June 5, 2025

Shiba Inu price remained under pressure Thursday as holders continued to capitulate amid the ongoing crypto market downturn.

Shiba Inu (SHIB) dropped to $0.00001275, its lowest level since May 9, and is now down 28% from its May peak. The meme coin has struggled in recent weeks as demand weakened and investors began exiting positions following prolonged underperformance.

On-chain data shows that Shiba Inu’s network realized profit/loss (NPL) has remained negative for several months. The NPL metric measures the average profit or loss of all coins that change addresses daily, calculated by the difference between the last move price and the new transaction price.

A negative NPL indicates coins are being sold at a loss — a clear sign of bearish sentiment. This decline has coincided with ongoing whale selling. Data reveals that whale holdings have dropped from 748 trillion tokens in January to just over 718 trillion today. Meanwhile, the supply of SHIB on exchanges has been rising steadily, signaling increased selling pressure.

Shiba Inu NPL and whale transaction | Source: Santiment

Additional data shows Shiba Inu’s spot market volume has also declined. Over the past 24 hours, SHIB recorded just $141.8 million in daily trading volume, significantly lower than other meme coins. Dogecoin registered $764 million, while Pepe topped the list with $1.08 billion.

Shiba Inu price technical analysis

SHIB price chart | Source: crypto.news

The daily chart shows that SHIB peaked at $0.00001762 on May 11, following a broader crypto market rally. Since then, it has dropped to $0.00001275, breaking below the lower boundary of an ascending broadening wedge pattern.

SHIB has also moved below the 50-day and 100-day Exponential Moving Averages, reinforcing a bearish bias. The Relative Strength Index remains above the oversold zone, suggesting that further downside is still possible.

Given the current setup, capitulation may continue, with sellers likely targeting the next key support level at $0.000010, the lowest point from April 7. A move above the 200-day moving average at $0.00001570 would be required to invalidate the current bearish outlook.

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June 5, 2025 0 comments

Crypto Trends

TRON Hits Record User Activity; Will $TRX Price Follow?

by admin June 5, 2025

The TRON blockchain, a platform for decentralized apps and services, just hit a new record for daily active users, meaning more people than ever are using it. This big jump in activity has made people think that TRON’s token, called $TRX, might soon go up in price, even though its price hasn’t risen much yet compared to how much the network is growing.

Analysis of Daily Active Addresses and TRX Price on Tron Network – All-Time Highs in Moving Averages

“Historically, changes in active address trends tend to precede major price movements.” – By @CryptoOnchain pic.twitter.com/7QXqP6g1Gh

— CryptoQuant.com (@cryptoquant_com) June 4, 2025

Experts say TRON is doing well based on its data. The number of active users has been steadily climbing, with the average over the past 50 and 100 days reaching the highest levels ever on June 3. Also, the network is handling over 8 million transactions a day, which is 30% more than it was in early February.

As per the reports, analysts believe this growth is real and not just from trading on big exchanges. Instead, this growth is attributed to people using TRON’s services, which provide attractive rewards and decentralized features.

Even though TRON’s network is doing well with many users and activity, its token, $TRX, hasn’t seen a big price jump yet. Right now, $TRX is worth $0.2718, which is only a small 1.2% increase in a day and a 10% increase over the past month. But it’s still 36% lower than its highest price of $0.4313 in December 2024.

Some technical tools that predict price movements show mixed signals. $TRX is getting close to a point (called the upper Bollinger Band) that could mean its price might go up soon. However, other tools, like the RSI (which is at 56) and MACD, suggest the price might stay flat or dip a little in the short term.

People watching the market are paying attention to two key price points: if $TRX goes above $0.278, it might climb to $0.30, which would be a favorable increase. But if it falls below $0.264, it could drop further to $0.25. TRON’s ability to handle 2,000 transactions per second, much more than Bitcoin or Ethereum, makes it a strong player in the blockchain world.

With more users joining the network, investors are hopeful that $TRX’s price will eventually catch up and rise significantly to match TRON’s growth.

Also Read: Rumble Inc. and TRON Partner to Advance Decentralized Internet

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June 5, 2025 0 comments

NFT Gaming

Dogecoin Price Crash To Continue? Analyst Shows Fair And Optimistic EOY Targets

by admin June 5, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Dogecoin price is facing significant bearish pressure, declining by over 12% this past week, as it struggles to find strong support. The recent market turbulence has left analysts questioning whether this downtrend will continue. Notably, a crypto market expert has weighed in on both fair and optimistic End-of-the-Year (EOY) targets for Dogecoin, offering insights into where the leading meme coin might be headed in this bull cycle.

Dogecoin Price End Of The Year Targets

Dogecoin has sparked concern amongst the broader crypto market following its recent pullback from previous highs. Despite sitting at a low of $0.19, a new technical analysis by pseudonymous TradingView crypto expert TradingShot has forecasted a bullish fair value and optimistic end-of-year target for Dogecoin.

The analyst offers a different perspective on Dogecoin’s ongoing downtrend—-one that suggests that the price dip could mark the beginning of a final bullish leg of the current cycle. According to the corresponding chart, Dogecoin has respected a long-standing Fibonacci Channel Up structure, bouncing precisely from its 1W MA200, which acted as the cycle bottom in early April. Notably, the price has since rebounded and is now consolidating around the 1W MA50, signaling a potential run to new highs.

Source: TradingShot on Tradingview

TradingShot notes that Dogecoin’s current price behavior remains consistent with past market cycles, where, after testing the MA200, the meme coin began a sustained rally. The Channel Up structure has also historically guided the altcoin’s price movements, with major cycle tops coinciding with Fibonacci Extension levels.

Based on the TradingView expert’s chart, the 2021 bull run broke above the 1.5 Fibonacci level, showing an uncommon deviation from the channel. For the current cycle, the chart highlights two key end-of-the-year targets. The fair value is set at $1.00, aligning with the 1.0 Fibonacci Extension and the MMB 3SD above. The analyst has also forecasted an optimistic target at $3.50, coinciding with the horizontal 1.618 Fibonacci level, which was previously reached during the January 2018 cycle top and exceeded during the May 2021 peak.

Golden Cross And MMB Trends Support DOGE EOY Forecast

TradingShot’s end-of-year bull case for Dogecoin is further reinforced by the formation of a 1W Golden Cross on its price chart. Historically, this technical pattern has marked the beginning of explosive price increases in not just DOGE but other cryptocurrencies in the market.

Now incorporating the Mayer Multiple Bands (MMB), the TradingView analyst points out that in the final year of each bull cycle, after the formation of the 1W Golden Cross, the DOGE price has consistently reached the MMB 2SD above first and then climbed to the MMB 3SD above. Currently, Dogecoin has already touched the MMB 2SD but has yet to test the 3SD, indicating untapped upside potential.

DOGE trading at $0.19 on the 1D chart | Source: DOGEUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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June 5, 2025 0 comments

Product Reviews

Shokz OpenFit 2+ review: A marked improvement for an incremental price increase

by admin June 5, 2025

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Shokz OpenFit 2+: One minute review

After just 24 hours with the Shokz OpenFit 2+ I can already tell they’re great headphones that are worthy of inclusion in our best open-ear headphones buying guide, and perhaps our best running headphones guide as well.

They’re comfortable to wear, even for glasses wearers like myself, with Shokz’ flexible nickel-titanium alloy ear hooks looping over your ears and weighted down by a bulbous end, while the driver sits snugly against your temples.

The silicon covering, which Shokz labels its “ultra soft silicone 2.0” is comfortable to wear in sweaty conditions. The whole earbud weighs 9.4g, making it light, but a gram heavier than the original OpenFit.

Shokz OpenFit 2+: Price and availability

(Image credit: Future)

$179.95 / £169
$100 / £100 cheaper than Bose Ultra Open Earbuds at launch
Only $20 / £10 more expensive than regular OpenFit 2

The Shokz OpenFit 2 cost $179.95 / £169 (about AU$350), while the Shokz OpenFit 2+ cost $199.95 / £179 (about AU$370). Official pricing for other regions is TBC. The Shokz are available to order now.

For the extra few dollars and pounds, you get the Dolby audio setting and wireless charging on the hard plastic case, whereas the OpenFit 2 need to be charged via USB, and they’re still much cheaper than the Bose Ultra Open Earbuds were at launch.

It’s such a nice convenience, and Dolby makes a big difference for such a small price increase, that my initial thoughts are that the standard OpenFit 2 will rapidly become obsolete; I can’t imagine a situation in which I’d recommend them over the 2+.

Shokz OpenFit 2+: Early Verdict

The Shokz OpenFit 2+: are great open-ear headphones for both workouts and general listening, with Dolby Audio as the flagship sound-enhancing feature – and the OpenFit 2 now seem a bit redundant as the two models are so similar in price. You’ll be able to check back soon for our definitive verdict in our full Shokz OpenFit 2+ review,.

First reviewed: June 2025

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June 5, 2025 0 comments

GameFi Guides

Shockingly Bullish Bitcoin Price Prediction Made by Legendary Venture Capitalist

by admin June 4, 2025

“Extremely low risk” investment
Surging to infinity?

Tim Draper, one of the most prominent venture capitalists, is confident that the price of Bitcoin will be able to more than double this year, reaching $250,000.

On the heels of the recent surge, I’m still expecting Bitcoin to reach $250,000 this year.

Draper originally predicted that Bitcoin would be able to achieve this price mark by 2022. After that forecast turned out to be a big miss, he now insists that it will be this year.

The famed American entrepreneur, who is known for his early bets on such companies as Skype, has also outlined some of the main factors that support his bull case. These factors include macroeconomic optimism surrounding trade deals, the incoming regulatory frameworks that the industry has been asking, as well as Web3 applications that are being built onto the Bitcoin blockchain.

The billionaire investor has also noted that major banking institutions, including JPMorgan, are embracing the leading cryptocurrency. As reported by U.Today, the largest U.S. bank by total assets will allow its customers to buy the flagship cryptocurrency, according to CEO Jamie Dimon. However, JPMorgan will not offer Bitcoin-related custodial services.

Bitcoin is currently trading at $104,922 after reaching its current all-time high of $112,000 in May.

“Extremely low risk” investment

Various businesses that are piling into Bitcoin are turning the leading cryptocurrency into an “extremely low-risk investment,” according to Draper.

“Businesses are piling in, bringing it further into the mainstream,” the billionaire said.

Bitcoin, according to the billionaire, is emerging as a store-of-value asset.

Draper acquired tens of thousands of Bitcoins during an auction in 2014 by the U.S. Marshals Service. Those coins were seized from the notorious Silk Road exchange.

Surging to infinity?

Draper has also reiterated that the leading cryptocurrency could potentially surge to infinity against the leading cryptocurrency.

As reported by U.Today, the legendary venture capitalist did not rule out that the U.S. dollar could experience hyperinflation.

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June 4, 2025 0 comments

Crypto Trends

Memecoin SPX6900 Price Hits $1.20 After 127% Jump This Month

by admin June 4, 2025

SPX6900 is grabbing attention once again. The memecoin has shot up 123% over the past month and is currently priced at $1.20. In just the last seven days, it’s gained 21.1%, and it’s up another 10.4% in the last 24 hours, all without any obvious reason.

Its market value has climbed to $1.12 billion, placing it at the 68th spot on CoinMarketCap. The 24-hour trading volume is $71.16 million, slightly up from the previous day. Still, there have been no announcements, no updates, and no community activity.

Usually, when a token rallies like this, it’s driven by listings, partnerships, or at least developer updates. But SPX6900 has none of that. No social media posts. No roadmap. No tweet. Not even basic project communication.

Despite that, the price keeps climbing. SPX6900 has appeared among the top gainers more than once in recent weeks. Some traders think it’s a low supply movement. Others suspect whales or even internal activity. But the reason remains unclear.

The token has a circulating supply of 930 million, with a max supply of 1 billion. There’s no visible utility, no product update, and no transparency about the team behind it.

Right now, SPX6900 is rising, but without fundamentals, there’s no telling how long this will last. The crypto world is watching, but many are still skeptical.

Disclaimer: This article is for informational purposes only and should not be taken as financial advice. Always do your research before investing. Crypto markets are volatile and carry significant risk.

Also Read: Solana’s Pump.fun Plans $1B Token Raise Amid Memecoin Boom

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June 4, 2025 0 comments

GameFi Guides

$4.09 Billion XRP in 24 Hours, Price Breakout Soon?

by admin June 4, 2025

XRP open interest soars
XRP signals major breakout

With the crypto market witnessing positive price actions among leading cryptocurrencies today, Ripple (XRP) has printed bullish signals in key on-chain movements as data from CoinGlass shows that XRP has achieved a massive 1.8 billion XRP in open interest as of June 3.

XRP open interest soars

The data shows that the total amount of money invested in XRP derivatives over the last day has surged to $4.09 billion, a substantial increase of 5.21% from its value in the last 24 hours. This signals increased confidence among investors in the long-term potential of the third-largest cryptocurrency by market capitalization.

Nonetheless, it is important to note that open interest refers to the total number of outstanding futures or options contracts committed to the token.

XRP signals major breakout

Notably, the surge in XRP’s open interest is attributable to the notable rally witnessed across the global crypto market, as Bitcoin and other leading cryptos were seen recording notable price gains today.

This has seen the surge in XRP’s open interest accompanied by a corresponding surge in the price of the token, which has recorded a decent increase of 3.62% over the last day.

Despite falling as low as $2.09 during the last week, a sudden shift in market sentiments has pushed the token to surge above $2.2 in less than a week.

According to data from CoinMarketCap, XRP is trading at $2.25 as of press time. The token still reflects a weekly decline of 2.83% despite today’s rally.

Source: CoinMarketCap

While XRP is only 41% far from reaching the ATH of $3.84 it achieved on Jan 04, 2018, investors are optimistic that the token will smash this level and set a new record if the bullish momentum persists for longer.

While XRP is only 41% away from reaching the ATH of $3.84 it achieved on Jan 04, 2018, investors are optimistic that the token will smash this level and set a new record if the bullish momentum persists for longer.

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June 4, 2025 0 comments

Ethereum-based game Ember Sword shuts down due to lack of funding

NFT Gaming

Rocket Pool price soars amid 150% jump in open interest

by admin June 4, 2025

Rocket Pool price has surged 29% in the past 24 hours to break above $6, with this coming amid a 150% spike in open interest.

As several altcoins rose alongside Ethereum (ETH), holders of the native token of decentralized Etherum staking protocol Rocket Pool (RPL) witnessed an impressive 29% price increase. The 24-hour gains extended the uptick from support below $5 for RPL.

Notably, the liquid staking protocol’s gains came with a massive 800% increase in daily trading volume. Data from Coinglass also showed Rocket Pool commanding a 150% jump in open interest. OI is a metric analysts use to gauge market sentiment around a particular token, with factors such as liquidity and likely price movements also notable.

The surge in RPL futures open interest highlights the confidence traders are showing in the altcoin. Per Coinglass, the Rocket Pool open interest stood at over $22.5 million on June 3, 2025 – up from under $9 million on May 31.

Rocket Pool’s integration with Chainlink to allow for users to transfer the liquid staking token Rocket Pool ETH between Ronin Network and Ethereum, is also a key recent development.

According to DeFiLlama, Rocket Pool has over 690k in staked ETH and more than $1.8 billion in total value locked. The Chainlink integration that brings cross-chain token transfers for rETH expands this capacity.

RPL is retesting the price level last seen in mid-May, and a breakout brings the psychological $10 level into view.

Rocket Pool price chart from crypto.news

As well as the rally for ETH boosting related tokens such as Aave, Lido DAO and Arbitrum, Rocket Pool has moved higher after bears staged a comeback around $5.79.

Coinbase adding trading support for RPL in Germany alongside other seven tokens had helped Rocket Pool price hit the resistance line. New momentum means buyers may be on the verge of another leg up above $6.

RPL price reached highs of $12 on February 11, 2025.

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June 4, 2025 0 comments