🚨 The largest transfer in crypto history happened yesterday, and not many noticed it! 🚨
A whopping $4.4B USDC was transferred from Circle to the Coinbase Hyperliquid deployer.
This is the biggest transfer ever recorded.
Why is this transfer crucial for the Hyperliquid project?
Previously, Coinbase announced a partnership with Hyperliquid, and now they have become the official liquidity provider for coin $USDC . This move has significantly boosted liquidity and will likely impact the price of coin $HYPE .
The stock is priced at $135 with a massive market cap of $1.76 trillion 😯
This IPO has almost made Elon Musk the first trillionaire in history with a net worth of around $982 billion 💰
The impact of the IPO is somewhat evident on crypto and liquidity is tightening
The Anthropic IPO is coming up and most platforms are leaning towards tokenizing these offerings to keep user engagement and liquidity high. It's a move I honestly see as a good step 👌
In my last post, I talked about the task market announced by Pump Fun, and one task has been completed.
It's about getting a tattoo of a coin called Boutywork on the forehead.
An Indian dude did it.
The task owner mentioned that the ad had a typo; the coin's name was supposed to be Bountywork, and the payment to the guy got blocked.
But the Solana community launched a coin featuring the guy who got the tattoo, and within hours, it skyrocketed, raking in $15,000$ in trading fees for it.
The task value was 40 Solana, which at the current price equals 2600$ , but the luck was on their side, and they gathered $15,000$ 😅
Things are starting to spiral out of control, and a lot of people are going to be encouraged to take on even crazier tasks than this one; hope we’re ready for it 😐
Remember ZachXBT, the guy who was battling some shady projects and scams, helping governments in various investigations?
Just yesterday, an anonymous account dropped a detailed exposé on Zach, revealing who he is and even sharing his picture.
They got the info from a previous lawsuit filed by a well-known figure in the space named Machi Big Brother against Zach for digging into him.
In my opinion, Zach is a solid dude and strong in the game, but he's lost his way lately. The folks who backed him and funneled him cash and bounties are the same ones he's failed to investigate, despite their risks and exploitation in the space.
Sharing his picture is also a huge red flag; it could put his life at risk, and so far, he hasn't responded or come out with a reply.
🔥 Hyperliquid's token just hit a new all-time high 62$ without most of the crowd even noticing.
It reached a market cap of 15B$ billion dollars currently.
The story of the platform's founder is inspiring, and it's considered one of the most profitable companies in the world given they only have 11 employees—no investment firms and no market makers involved.
The platform has faced intense competition but has stood strong, outperforming in daily, weekly, and monthly trading volumes as well.
I mentioned it before around the 40$ area, and in case of a market dip, I see it as a solid buy from this price point 👌.
Z crypto - زي كريبتو
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🚨 When you trade against market makers and platforms, the only winner is the house.
• On Hyperliquid, the annual revenue is $620M$ , and 85% of traders there are in the red.
• Pumpfun has an annual revenue of $424M$ , with 64% of traders losing their shirts.
• Polymarker's annual revenue is $240M$ , and 82% of gamblers on that platform are facing losses.
Our buddy James Waynn made a cool $100M$ in futures trading by raking in commissions from other traders.
He managed to scoop up $PEPE when its market cap was just $600K$ , and he was one of the folks who hyped it up before it skyrocketed, which is why he got so popular.
He also pocketed $100M$ in futures before Bitcoin started its drop from its peak, losing it all in less than a week.
Now, he's launched a decentralized trading platform that anyone can access through Orderly, claiming it's his own and promoting it to attract traders, so he can earn commissions.
When it comes to meme coins, I'm not a big fan, but one coin has proven itself in my opinion, and that is:
$SHIB
In 2020, an unknown person named Ryoshi launched Shiba with a supply of 1 quadrillion coins. Back then, there were no Pumpfuns or anything; you had complete control over the coin.
He didn't gather investments or get involved with investment firms; it was just him and the coin 👇
1/🧵
He decided to send 50% of the total supply, which is (500 trillion SHIB), to Vitalik Buterin, the founder of Ethereum, without any prior notice, making him the largest holder of the coin.
By May 2021, the market cap of these coins reached 1B$ billion dollars, and Vitalik donated 50 trillion SHIB, worth 100 million dollars, to the COVID relief fund in India.
This is considered the largest donation in cryptocurrency history.
2/🧵
After that, Vitalik burned 410 trillion SHIB (6.7 billion dollars), which increased the value of the coin.
Ryoshi vanished in 2022, leaving only the project behind, and the coin reached its highest market cap of 40 billion dollars 👌
As of now, its market cap is 3.7B$ billion, and I consider it one of the strongest meme coins, with its founder still unknown and no one knows anything about him.
🚨🚨 A coin that people were clamoring for and waiting to hit $1 is now worth less than that.
$ONDO
Currently, the project has become a leader in the Tokenization space, allowing folks to trade shares/commodities on the blockchain.
Today, the locked value of tokenized assets in the project exceeds $1B, making it the first project to reach this milestone in the Tokenization sector.
In case of a slight dip or something like that, keep your eyes on it; I see it as a good entry at around $0.30. And this isn't investment advice—do your own research! Just keep an eye on the Tokenization space.
🚨 The stablecoin market just hit an all-time high 🚨
Liquidity has reached 322B$ billion dollars
Just the $USDT alone commands 189B$ billion dollars in liquidity
Following up, $USDC holds its share of 78B$ billion dollars only
There's no comparison, even though USDT doesn't publish reserve reports and there’s plenty of chatter about it, trust remains high and whales are using it more than USDC