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🦈 Huge movement in the ETH market: $72.7 million withdrawal from a whale 💵
Something big is brewing on the Ethereum network 🌐.
What happened?
📆 August 9 – according to data from Lookonchain, a significant transaction took place. 🦑 An address linked to SharpLink Gaming withdrew a total of 17,655 ETH from a centralized exchange, amounting to approximately $72.7 million. The entire operation took only 18 hours.
Why is this important?
Such large and rapid withdrawals often signal significant changes in an investor's strategy or upcoming market movements.
Token $1000CAT AT to a memecoin inspired by the popular cartoon 'Simon's Cat', which gained fame due to its presence on the Binance exchange – one of the largest cryptocurrency platforms. The project launched in December 2024, and its initial distribution took place through airdrops aimed at Binance users.
Although its presence on Binance increases its recognition, $1000CAT remains a highly speculative token and is prone to significant price fluctuations. It attracts the attention of both investors looking for quick profits and those betting on declines (shorting), which further drives its volatility.
Potential investors should carefully analyze the risks and independently familiarize themselves with the project before taking any financial actions.
🔥 Increasing Downside Momentum — Will Pi Network Defend the $0.43 Level?
As the lower highs trend on the 4-hour chart continues, Pi Network is slipping below $0.43. An anonymous wallet purchases 1.40 million PI tokens, boosting confidence in the network.
Technical indicators show rising downside risk as buying pressure declines.
After failing to hold higher levels on Monday, Pi Network (PI) is down 0.61% at the time of publication on Tuesday. An anonymous wallet address has bought 1.40 million PI tokens, continuing its week-long buying spree, while weekly support has dropped to $0.43. As bullish momentum fades, the technical outlook remains grim.
PI Token Buying Frenzy by Major Investor Continues for a Week
Wallet “GASWBD...J2AODM”, possibly linked to a major investment, added over 1.4 million PI tokens from OKX, according to PiScan. The purchase is the largest transaction on the network within the past 24 hours.
PI at Risk of Losing $0.43 Support as Buying Pressure Falls
PI is testing support at $0.43 as selling pressure near the 100-day Exponential Moving Average (EMA) kills Monday's bullish momentum. This support level has held since July 15, preventing a 4-hour candle from closing below it.
If PI drops below this level, it may challenge the July 15 low of $0.42 and the psychological level of $0.40.
The RSI has dropped to 42, below the midline, signaling weakening buying pressure.
MACD is approaching a cross below the signal line, indicating a trend reversal and a sell signal. However, a reversal above the 200-day EMA could revive bullish momentum and push the price toward $0.50. #XRP #pi #PiNetwork
Did you know that one of the first games running on the Ethereum blockchain "CryptoKitties" in December 2017… temporarily blocked the Ethereum network? xD #ETH #NFT #CryptoFun