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πŸ“Š Santiment: Crypto markets have retraced across the board, leaving traders calling for sub-$50K BTC once again. However, history shows that when we see such low 7-day average trader returns for top caps like #BTC, #ETH, #ADA, #XRP, #DOGE, and #LINK, bounce probabilities rise significantly.
πŸ“‰πŸ€” #SOL Solana Under Pressure as FTX whistleblower testimony emerges that Sam Bankman-Fried still holds up to 8% of the coins in his secret wallets

That's a potential $6 billion sell-off, with all that entails
🐳 14th largest BTC holder accumulated 11368 #BTC in the last 24 hours.
πŸ€” This valuation assumes Micro Strategy will keep buying #BTC over the next 1.5 years

The company, led by Michael Saylor, has been on a BTC buying spree since 2020
πŸ“Š #APE Messari. State of ApeCoin Q2 2024:
β–ͺ️ ApeCoin DAO committed $7.8 million to fund governance proposals in Q2’24;
β–ͺ️ AIP-395, accounting for 35% of committed funds, awarded $2.8 million;
β–ͺ️ APE market cap and token price dipped by 51% QoQ;
β–ͺ️ APE daily average token transfer volume and average DEX swap size declined by 50% QoQ;
β–ͺ️ Q2’24 was an election quarter for ApeCoin DAO as Two Special Council members (one new) and four new Stewards were elected into respective working groups.
πŸ•΅β€β™‚πŸ‘€ Justin Sun withdrew 40.25 million #USDT from Aave and transferred them to a new address
πŸ“Š Total unique addresses on popular blockchain platforms:

This month, BNBChain, Polygon, and Ethereum continue to lead the pack

Highlight stats:
β–ͺ️ Most new addresses created: #BASE (+12.7M)
β–ͺ️ Highest growth rate: #TAIKO (+22%), #TON (+20%)
😊 #MEME Memecoin pre-sale investor posted 127.5 million MEME ($1.55 million) on Binance, earning $1.41 million
πŸ“‰ TVL Ethereum L2 fell below $40 billion (-9% over the last 7 days)
βœ… #DYDX Community dYdX voted FOR distribution of DYDX tokens worth $5 million among traders as part of the 5th trading season of the dYdX Chain launch incentive program.
πŸ“Š #BTC Analyst C.Q.: What support I see on the terminal using technical analysis of BTC on a daily timeframe:

1. 200D SMA
2. Pitchfork
3. Bollinger Bands
πŸΆπŸ‘€ #WIF 5 wallets (may belong to the same person) at night sold 14.53 million WIF (~$24 million) and brought down the price of memcoin by 12%. This trader purchased 14.53 million WIF on November 30, 2023 for $5,340.

Memcoin last night hit the top sales list at CEX, and at night he took first place there. In the morning token started buying back and he gradually began to rise to the top in terms of purchases on CEX.
πŸ“Š Santiment: Saturday is finally bringing a bit of solace to the markets, with mild bounces forming for #ETH (back just above $3K) and #SOL (just above $150). Longs were heavily liquidated on the drop. The hope is that greed stays tempered now, allowing for a weekend relief rally.
🎒 #BTC Glassnode: Long-term investors currently hold 45% of the network wealth, which is relatively elevated compared to near macro cycle topping events.

This underscores that LTHs hold the coins in HODL mode and are arguably patiently waiting for higher prices to divest into market strength.
πŸ“ˆ #AAVE currently has $8 billion in active loans
πŸ“Š #MANTA Messari. State of Manta Q2 2024:
β–ͺ️ Manta Network introduced several yield-boosting programs, including Renew Paradigm, Restaking Paradigm, and CeDeFi;
β–ͺ️ Launched the $50 million EcoFund, the Moon Mission Meme Grants, and the introduction of Manta AI;
β–ͺ️ Formed strategic partnerships with prominent entities such as BlackRock’s BUIDL Fund.
🎒 Almost 94% of the total #BTC supply has now been issued

Digital scarcity at its finest
πŸ“ˆ #USDT has been breaking records all year with over 18M weekly transactions on EVM chains.

78% of these transactions occur on the Tron, making it the go-to choice for transfers.
πŸ”“πŸ“ Upcoming major releases next week:
#GAL 6.13% ($20.38M) - August 5
#MAVIA 4.2% ($16.25M) - August 5
#NEON 5.31% ($23.69M) - August 7
#IMX 2.11% ($41.57M) - August 9
#XAI 6.91% ($9.49M) - August 9
#GMT 3.84% ($11.25M) - August 9
#ICP 0.52% ($19.92M) - August 11
#MOCA 2.01% ($23.81M) - August 11
2024/08/04 00:13:53
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