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$150 Million Bitcoin Transfer Stuns Major US Exchange

by admin May 28, 2025

As the cryptocurrency market sees mixed price actions among top crypto assets, the renowned blockchain tracking platform, Whale Alert, has spotted a massive crypto transfer carrying more than one hundred million dollars’ worth of Bitcoin.

On May 27, the tracker revealed that the leading U.S.-based crypto exchange, Coinbase, has received a large Bitcoin transfer involving 1,588 BTC worth over $150 million.

According to the data provided, the massive Bitcoin transfers were made in two separate consecutive transactions and completed in less than an hour.

Each of the transfers was made from anonymous wallets. The first transaction involved 910 BTC and the second 678 BTC, valued at $100,220,361 and $74,686,024, respectively.

Bitcoin selling pressure ahead?

With massive Bitcoin transfers like this being spotted on major cryptocurrency exchanges, crypto investors fear that selling pressures from Bitcoin whales might be incoming.

This move has triggered concerns among investors, as large amounts of BTC flowing into exchanges from self-custodial wallets have often been traced to selling activities among high-profile investors or institutions.

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However, since the reason behind the Bitcoin transfer was not clarified, there are chances that the transfers could be attempts among whales to rebalance their portfolios.

Over the past hours, the price of Bitcoin has moved in an upside trajectory, suggesting that there were no negative impacts induced by pressures from the large transfers.

Data from CoinMarketCap shows that Bitcoin has increased decently by 1.06% over the last day. As such, the asset is trading at $110,194 as of press time.

Source: CoinMarketCap

This shows a decent 1.59% decrease from the all-time high of $111,970 it achieved five days ago. This continued surge in Bitcoin’s price is largely attributable to consistent inflows and rising demand experienced by Bitcoin ETFs.

Earlier, U.Today reported a staggering 7,869 BTC flowing into spot Bitcoin ETFs in just one day.

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May 28, 2025 0 comments

NFT Gaming

Elon Musk Asks Question That Stuns Crypto Community on X

by admin May 27, 2025

Musk questions reality of internet users
Is Elon Musk’s X account run by AI bot?

Elon Musk has once again given the crypto community on his X platform something to think about, sparking a hot discussion under his recent tweet.

Among those who responded to Musk, hitting him back with the same question, was prominent crypto trader Willy Woo.

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Musk questions reality of internet users

The Tesla CEO and boss of D.O.G.E. has set the community talking with a simple but acute question. What he asked was: “How many real people are still on the Internet?”

Musk quoted Mario Nawfal, an interviewer with his own popular show on the X social media platform, who enjoys the attention of 2.2 million followers.

In his post, Nawfal cited a Singaporean newspaper, The Straits Times, saying that humans “officially lost the internet to AI-powered bots in 2024,” and the internet is dominated by AI bots these days.

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Is Elon Musk’s X account run by AI bot?

“Over half of all web traffic is now bots, and many of them up to no good,” the tweet claims. Many of those bots “hit travel sites, steal concert tickets, and hijack social media posts just to mess with people and fuel drama.” The original post also claims that these AI bots are getting smarter every single day. Nawfal spelled the source as The Straight Times rather than The Straits Times, which could have been an automatic correction from an AI-powered spellchecker.

Willy Woo responded, saying that he is “a pixelated cartoon character.” In his turn, the crypto trader questioned whether the person behind Elon Musk’s account is real and not an AI bot: “How do I know you’re not a machine?”

I’m a pixelated cartoon character.

How do I know you’re not a machine?

— Willy Woo (@woonomic) May 27, 2025

Other commentators responded en masse that each of them was real.

Musk is known for supporting what is partly a joke and partly an unscientific theory that we live in what may well be virtual reality, or a “simulation,” as he calls it. Once asked by Lex Fridman, Musk said that at Tesla and SpaceX, they frequently run simulations to see what outcome can be reached because they do not know what is going to happen as a result of a process.

Therefore, Musk reckons, those who built the simulation that we might be living in do not possess any ultimate knowledge, and they are also modeling a process of life with consciousness to see what will happen eventually.

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May 27, 2025 0 comments

GameFi Guides

Unusual 2,306% Imbalance Stuns XRP Bulls in Daily Crypto Bloodbath

by admin May 24, 2025

XRP traders felt the heat over the last 12 hours as long positions were wiped out at a rate that is difficult to ignore. Liquidations on the long side added up to $9.94 million, while shorts barely registered to $431,260. That is a 2,306% difference — a rare imbalance, even for crypto.

You do not see this kind of ratio every day, and what it indicates is that a large group of traders expected XRP to rise, but then the market pulled back quickly.

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Crypto liquidations across the board for the same time frame came in at $424.63 million. Most of that — $363.13 million — came from long trades. While XRP’s total was not the highest, the split between long and short liquidations puts it in a category of its own.

Source: CoinGlass

Chart performance tells part of the story. While the XRP price rose steadily throughout the early hours, hitting around $2.47, by midday it had quickly dropped below $2.30 before bouncing back slightly to trade near $2.36. This timing coincides with the liquidations, suggesting that automated sell-offs from over-leveraged long trades fueled the drop once the price turned.

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Across all coins, over 162,000 traders were liquidated in the past 24 hours, adding up to $551.66 million. BTC and ETH took the biggest hits at $120.84 million and $109.93 million, respectively, but XRP stood out due to the magnitude of its one-sided liquidations.

The takeaway here is not new: when too many traders use leverage and lean in the same direction, it does not take much to shake things up. For XRP, the numbers make that clear.

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May 24, 2025 0 comments

GameFi Guides

$277 Million Bitcoin (BTC) Transfer Stuns Major Crypto Exchange

by admin May 24, 2025

Massive BTC transfer sparks doubts
Bitcoin returns to $108K

On-chain data tracking platform Whale Alert has spotted massive Bitcoin transfers flowing into a major U.S.-based cryptocurrency exchange, Kraken, according to an X post on Friday.

Massive BTC transfer sparks doubts

The tracker revealed up to 2,529 BTC worth more than $277 million have been transferred into the exchange in less than 2 hours.

The large Bitcoin transfer, which suggests that Bitcoin whales might be making attempts to sell off their assets, happened in two separate transactions.

The first transfer saw 900 BTC worth $97,830,897 move from the world’s leading crypto exchange Binance to Kraken.

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Meanwhile, the second transfer, which happened consecutively, was spotted from an unknown wallet, involving 1,629 BTC worth $178,533,840 being moved to the same exchange.

The massive Bitcoin transfers come at a time when the crypto market is experiencing a massive bloodbath, suggesting that Bitcoin whales are relenting and dumping their Bitcoin holdings on exchanges to sell.

Although the reason behind the large Bitcoin transfer remains uncertain, it has sparked concerns among market watchers as the plummeting market has left investors in doubt, indicating increased selling activities.

Bitcoin returns to $108K

Despite achieving a new all-time high (ATH) of $111,970 on May 22, Bitcoin has begun trading negatively a day after as the market returns to an uncertain mode. Amid this market bloodbath, Bitcoin and other leading cryptocurrencies have recorded notable lows on Friday.

This negative trend has seen the world’s largest cryptocurrency decline by 2.31% over the last day, according to data from CoinMarketCap. As such, BTC is trading at $108,726 as of press time.

Source: CoinMarketCap

Following this notable plunge in Bitcoin’s price, BTC has fallen by about 2.68% from the ATH it achieved the previous day.

On the contrary, Bitcoin has surged incredibly high with up to a 9-figure increase from its all-time low seen 15 years ago.

Alongside Bitcoin, leading altcoins have followed these bearish trends as they return to previous lows after achieving major breakouts.

While the market dip has been fueled by macroeconomic concerns, investors are curious if there is still a bigger bull run ahead.

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May 24, 2025 0 comments