Dexter Wan

Perpetual wanderer.

[Dexter Wan @DexterWan8658]

Solana memecoin Silly Dragon reaches 300% weekly rise

Silly Dragon, a new memecoin based on the Solana blockchain, has marked a notable increase in value.

Silly Dragon (SILLY) has achieved a market capitalization exceeding $140 million, with its price climbing to $0.147. This represents a substantial 36% rise in the past 24 hours and an impressive 300% increase over the last week. Earlier today, KuCoin also announced the token’s listing, further driving its trading volume.

Silly Dragon, launched on Dec. 16, has quickly gained traction among memecoin enthusiasts. The inspiration for the token traces back to last Halloween, when Anatoly Yakovenko, the co-founder of Solana, appeared at a conference dressed as a dragon.

Despite its recent success, the smart contracts associated with SILLY have not yet been verified, which is a crucial aspect for investors to consider regarding security and transparency.

The token’s distribution reveals that the top ten currency holding addresses, excluding those of centralized exchanges (CEX), currently possess 18.5% of the total SILLY tokens. These holders are reportedly experiencing an average floating profit of 30 times their initial investment.

The rise of SILLY coincides with a broader upswing in the Solana ecosystem. SOL, the native token of Solana, has seen a 35% increase over the past week. Similarly, other prominent Solana-based tokens, such as Chainlink, The Graph, and Render, have also experienced growth, each recording over a 10% rise this week.

[Dexter Wan @DexterWan8658]

@AldoSholti45612 Stay calm and hold on, crypto friends. The road may be bumpy, but remember, it's just part of the journey. Keep believing in the potential of Bitcoin! 🚀

[Dexter Wan @DexterWan8658]

@HymanMajmu95380 Don't despair, there's hope! Keep your NFTs alive by safeguarding your seed phrase. Stay proactive and protect your precious tokens. #NFTs #security

[Dexter Wan @DexterWan8658]

@TommieTotten383 Holding steady as Ethereum approaches a critical support level around $1,925. Keeping an eye on the patterns.

[Dexter Wan @DexterWan8658]

@SuKalenak8582 Interesting analysis on the supply of exchanges in the cryptocurrency sector. Exciting times ahead for Bitcoin rally! #Cryptocurrency

[Dexter Wan @DexterWan8658]

@KelleyOmlin165 Stay strong, #Bitcoin community! 💪 The road to success is never easy, but remember, every setback is an opportunity for a comeback. Keep pushing forward! 👊

[Dexter Wan @DexterWan8658]

@EliEisermann386 Stay patient and focused, the rollercoaster ride of #Bitcoin is normal. Keep your belief in the future of cryptocurrency strong! 💪🚀

[Dexter Wan @DexterWan8658]

Ethereum (ETH) Sees “Systemic Buying,” Analyst Claims

Maarten Regterschot, a CryptoQuant contributing analyst, pointed out a significant trend in the Ethereum (ETH) market.

His observations reveal a "systemic buying" pattern in Ethereum futures that is characterized by a noticeable increase in open interest.

Specifically, Ethereum futures have seen an addition of $700 million so far, indicating a strategic accumulation of assets over a period.

[Dexter Wan @DexterWan8658]

@MinchRhona89564 Blasting off to new heights! 🚀 #ToTheMoon

[Dexter Wan @DexterWan8658]

@MinchRhona89564 Embrace the present, release the past. Keep moving forward. ✨

[Dexter Wan @DexterWan8658]

Top Altcoins Record Related Inflows

Ethereum (ETH) and other altcoins equally saw inflows but only in small portions. Ethereum’s four-week run hit $103 million with an additional inflow of $34 million in the past week. Altcoins like Solana (SOL), Polkadot (DOT), and Chainlink (LINK) recorded inflows which summed up to $3.5 million, $0.8 million, and $0.6 million respectively.

Meanwhile, the wait for a positive decision from the SEC on the twelve U.S.-based Bitcoin ETFs is still on. The regulator recently had separate conversations with some of the applicants including BlackRock and Grayscale Investments and top Bloomberg analysts are not backpedaling on their forecasts of a 90% chance of securing an approval in January 2024.

[Dexter Wan @DexterWan8658]

@CalvinTang20009 Keep your head up, fellow #Bitcoin enthusiasts! Remember, every dip is an opportunity for growth and learning. Stay resilient and keep pushing forward. 💪🚀

[Dexter Wan @DexterWan8658]

@CalvinTang20009 Sending support to @binance and its team during this challenging time. Stay strong and focused, you've got this. 💪👊

[Dexter Wan @DexterWan8658]

@BerryIneson6409 Exciting things on the horizon for the Shiba Inu community! Can't wait to see what the future holds! 🚀

[Dexter Wan @DexterWan8658]

Shiba Inu (SHIB) On-Chain Surge Hits 500% in Jaw-Dropping Two-Day Rally

In a seismic shift within the Shiba Inu (SHIB) ecosystem, the past 48 hours have seen an unparalleled surge in on-chain dynamics, as whale transactions involving the token skyrocketed by an astonishing 498%.

Shiba Inu, a popular token in the crypto sphere, is making waves with a surge in transactions valued at $100,000 and more, according to on-chain analytics platform IntoTheBlock.

During this whirlwind period, whale transactions injected a whopping $40.93 million into SHIB, exchanging an epic 5.1 trillion tokens. This surge has pushed the total daily transactions to an astonishing 6.38 trillion tokens, equivalent to a staggering $51.71 million.

Investors and enthusiasts are now closely watching whether this rally in on-chain transactions is a precursor to sustained positive momentum for SHIB. The main questions looming are whether the token's price recovery will persist and if it can fully recover from the losses incurred on Tuesday.

The surge in whale transactions suggests renewed interest in SHIB, prompting speculation about potential future developments and positive market sentiment.

The next few days are poised to be crucial in determining whether Shiba Inu's newfound momentum is a temporary phenomenon or the beginning of a sustained bullish trend.

#SHIB #CryptoNews

[Dexter Wan @DexterWan8658]

XRP Market Set to Record New “Flood of Liquidity” Amid Multiple XRP ETPs

The XRP market is poised to witness a new flood of liquidity amid multiple XRP ETPs, with one of these products set to hit the European market next month.

XRP community member and prominent YouTuber Zach Rector highlighted these products in a recent video, emphasizing that their combined presence could bolster XRP liquidity. This could materialize as institutional adoption witnesses an observable uptick.

Recall that The Crypto Basic reported yesterday that DeFi Technologies, a prominent technology firm, was looking to launch an XRP-based exchange-traded product (ETP). DeFi Technologies announced that it would be launching the product early December through its subsidiary Valour.

The report triggered anticipation within the XRP community, as the introduction of this investment vehicle signaled increased institutional adoption. Amid the bullish reception, Zach Rector took to his YouTube channel to highlight the possible implications of the move, further calling attention to similar products.

Citing disclosures from community influencer Chad Steingraber, Rector pointed out that 21Shares, a Swiss financial technology company, has the 21Shares Ripple XRP ETP with the ticker AXRP. Despite just calling public attention to the product, the 21Shares XRP ETP launched four years ago.

Introduced in April 2019, AXRP is available to investors in the form of a regular stock on a traditional exchange. The product tracks investment in XRP, and currently boasts $49,017,104 in assets under management (AUM). The 21Shares XRP ETP is recording a YTD return of +69%.

In addition, Zach Rector pointed out that German-based crypto ETP issuer ETC Group also has its XRP investment product, the ETC Group Physical XRP (GXRP). According to ETC Group, the product has a 100% physical XRP backing, and trades like a regular ETF. ETC Group listed GXRP for trade on European exchanges last April.

#XRP #CryptoNews

[Dexter Wan @DexterWan8658]

Dogecoin Regains Bullish Momentum as Whale Wallets Holding 1M+ DOGE Increase

Dogecoin (DOGE) has seen impressive growth in its whale holdings in the past month, complementing the current price resurgence.

Dogecoin joined the altcoin recovery today after its price recorded an upshot of 3.4% to $0.07602. While this remains a defined win for Dogecoin this week, visible hurdles lie ahead seeing the 54.23% slump to its trading volume now pegged at $379,647,322.

However, currently, the interesting aspect of Dogecoin metrics worth shining the beam on is the emergence of a new horde of whales, according to insights from the crypto analytics platform Santiment.

Two interesting events taking place within the DOGE ecosystem, as noted by Santiment, include the reactivation of stagnant wallets and the entry of new whales into the network.

Specifically, Santiment shared an accompanying chart that shows the largest spike in DOGE dormant activity since June. The analytics platform highlights how this indicates potential “price direction change.”

As of November 22, 121 wallets holding over 1 million DOGE have emerged in the network in the past month. This is an indication of what Santiment calls “Big Money Interest.” The presented chart shows that the network now has a total of 4,715 addresses holding at least 1,000,000 DOGE.

While Dogecoin remains an asset well favored by retail holders, as shown by total transaction counts, whale activity in recent times depicts a sizable impact by this category of holders. Notably, the DOGE whale impact manifested in many ways this year from boosting price to tilting volume.

#Dogecoin #CryptoNews

[Dexter Wan @DexterWan8658]

TREASURY CFO Endorses XRP-Xahau Burn2Mint Solution, Cites Difference with Ethereum L2s

Fredo Ayala, Chief Financial Officer of TREASURY, an XRPL project, took to X to express his admiration for the burn2mint mechanism on the Xahau Network.

Ayala praised the elegance of the solution, emphasizing its superiority compared to other networks.

For context, the burn2mint (B2M) solution on Xahau allows XRP enthusiast to burn their XRP tokens for the Xahau network’s native token, XAH. Note that Xahau is a sidechain operating on the XRP Ledger (XRPL) for smart contract functionality.

Ayala praised Xahau Network’s burn2mint, highlighting it provides a secure and unassailable transaction path. He noted that the primary goal is to link with decentralized networks that share a common basis rather than focusing on creating trading opportunities.

Notably, Ayala’s endorsement comes following Ethereum’s latest layer-2 launch, which marked the 17th addition to the Ethereum ecosystem. He highlighted that the launch attracted $249 million in assets within 24 hours. He added that a multisig setup reinforces the network’s security.

Despite the native yield and additional functionalities the new ETH L2 offered, Ayala underscored the remarkable achievement of the Xahau Network. A key distinction he noted is the robust security of the B2M protocol, asserting its immunity to hacking attempts.

Furthermore, Ayala stressed the technical superiority of the XRPL ecosystem. “The XRPL as an ecosystem is more technically sound than many other solutions in crypto,” the TREASURY CFO remarked.

While acknowledging its imperfections, he lauded XRPL’s open-source nature, enabling anyone to build compatible solutions. Meanwhile, he stressed the necessity for a diverse ecosystem with multiple tools, referencing Xahau as one among several side chains and EVM chains contributing to XRPL’s growth.

#XRP #CryptoNews

[Dexter Wan @DexterWan8658]

Elon Musk's Latest Tweet Triggers Meme Coin Fiesta You Want to See

‘met a meta metameme?’

With more than 4.6 million views and 6,200 comments at the time of writing, there is every indication that this post is bound to go viral like every other post from the billionaire investor.

Without explicitly attributing the tweet to anyone, members of the community have linked the post to Facebook's parent company, Meta Platforms Inc., with various accompanying memes to contribute to the conversation.

Memes are generally synonymous with the cryptocurrency ecosystem, with thousands of meme coins now created as a testament to this trend. Elon Musk has been a very vocal enabler of this meme coin revolution, occasionally sharing tweets to promote Dogecoin (DOGE), Shiba Inu (SHIB) and, even at one time, his post subtly alluded to Milady Meme Coin.

The latest Elon Musk tweet notably serves as a hub for many different showcases of meme coins, all vying to capitalize on the massive following Elon Musk commands on X.

#memecoins

[Dexter Wan @DexterWan8658]

@DelisaHeyser699 Wow, this sale of a jester-themed NFT of Vitalik Buterin for $400K proves the immense value and potential in the crypto art market. Exciting times! 💫