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Tron’s Justin Sun Offloads 50% ETH Holdings, Ethereum Price Crash Imminent?

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3 weeks ago

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Tron founder Justin Sun has been heavily offloading his ETH holdings with Ethereum price crashing 17% following the rejection at $4,000. Over the past 7 days, Sun has offloaded another 50% of his holdings worth $143 million. Market analysts predict that ETH price could further take a dip below $3,000 once again before resuming upside momentum.

Tron’s Justin Sun on ETH Selling Spree

Justin Sun is on a massive Ethereum selling spree since the coin resumed its upward journey after Donald Trump’s election win. This continued even until last week, when Tron founder offloaded $143 million worth of ETH causing Ethereum price to tank over 15% amid the crypto market crash.

Blockchain analytics firm Spot On Chain reported that Justin Sun redeemed 39,999 ETH (valued at $143 million) from liquid staking platforms Lido Finance and EtherFi. He subsequently deposited the entire amount into HTX.

Since November 10, as Ethereum price has trended upward, Sun has deposited a total of 108,919 ETH (worth $400 million) to HTX at an average price of $3,674. Notably, many of these deposits occurred near local price peaks.

Courtesy: Spot On Chain

Spot On Chain also revealed that Justin Sun currently has 42,904 ETH (valued at $139 million) in the process of unstaking from Lido Finance. The Tron founder might potentially send this funds to HTX later.

Ethereum Price Drop Below $3,000 Coming?

With Ethereum price losing its crucial support of $3,500, the market sentiment for the world’s largest altcoin has turned bearish. Last week, crypto market analysts turned bearish on Ethereum expecting the ETH price to drop $2,800 on selloff by whales.

Popular market analyst IncomeSharks stated that it was a “low-volume weekend,” for Ethereum following a volatile week for stocks. The analysts added that it won’t be the right time to sell.

The On-Balance Volume (OBV) indicator, a tool used to gauge buying and selling pressure, remains steady, oscillating within a channel. Recent Ethereum buyers are still in profit, providing some support for the market. However, the below chart shows that there’s still scope for Ethereum to take a dip to $3,000.

Source: IncomeSharks

Prominent crypto analyst “I am Crypto Wolf” also highlighted a bullish outlook with a potential inverse head-and-shoulders (iHS) pattern. According to the analyst, Ethereum price chart is currently forming the “right shoulder” of the iHS continuation pattern.

Source: I Am Crypto Wolf

This setup could provide the momentum needed to surpass the $4,000 resistance and aim for a $10,000 target by May. A breakout is anticipated by the end of January, though a retest of the $3,000 level remains a possibility before the rally takes off, he noted.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Where To Invest Before January Ends?

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7 hours ago

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January 12, 2025

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January begins with investors eyeing two prominent meme coins, Fartcoin and Pippin. As the tokens gained new traction, their performance increased, increasing their demand even further. Let’s analyze the Fartcoin Vs Pippin price performance and where investors should invest in before January ends.

Fartcoin Vs Pippin: Analyzing Their Price Performance

Since its launch in October 2024, Fartcoin’s price has grown by 1580754.15%, showing an impressive performance on the chart. Although the meme coin had a slow start, it hit its prime at the beginning of January 2025, creating an ATH of $1.60 regardless of the market’s declining conditions. However, it currently traded at only $0.7913 after a 50% drop from the peak with $791M in market capitalization.

There’s a significant drop in demand as the 24-hour trading volume has declined 40% to $98.81M. This is the result of the continuous downtrend, reducing the buyer’s activity as investors flock to utility-based tokens amid a consolidating market.

Fartcoin price analysis

On the other hand, Pippin is in its price right now, creating an ATH of $0.3269 just a few hours ago with increasing investor interest. According to Coingecko data, the Pippin price has surged 1453% in the last week and 3692% over the week, currently trading at $0.226. It also has $252M in market capitalization and $134M in trading volume, indicating a high demand for the token in the market. However, it could face consolidation next, with the RSI presenting overbuying zone.

Pippin price analysisPippin price analysis

Where To Investment Before January Ends?

Both meme coins have witnessed new highs in the last few days. One trader made $2.5M with Pippin, whereas many earned with the other. Interestingly, with a similar total supply and market background, Fartcoin is ahead in overall performance, but investors’ bullish sentiments are higher for Pippin per CoinmarketCap’s community sentiments.

Considering the rising demand for AI cryptos and the market favoring AI in the cryptocurrency trend 2025, Pippins gets ahead in the Fartcoin vs. Pippin battle for the short-term objective. However, Fartcoin is not much behind and presents a potential for trend reversal and recovery. A strategic trade with deep research and analysis could make significant returns for investors in both meme coins.

What To Remember From This Fartcoin Vs Pippin Analysis?

2025 has favored two less-known cryptocurrencies, Fartcoin and Pippin, as their demand has grown in the last few days. The former achieved a peak at the beginning of the month and is in a downtrend today, but the other achieved a peak a few hours ago. However, consolidation could follow as the technical indicators indicate overbuying. Overall, both tokens show profit potential for January.

This is not a Pippin price prediction or investment advice but an analysis of current performance. Investors should do their own research and technical analysis before investing in any cryptocurrency, as a market trend and community sentiments fluctuate often, leading to price fluctuations.

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Pooja Khardia

With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.

As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Expert Predicts SEC To Approve XRP And Solana ETF This Year

Published

13 hours ago

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January 11, 2025

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ETF Store President Nate Geraci has shared his top ten crypto exchange-traded fund ecosystem predictions, with XRP and Solana in the spotlight. Like many industry experts, Nate Geraci believes a major shift is coming to the ecosystem this year. 

XRP and Solana ETF Prospect In 2025

According to Nate Geraci, spot XRP and Solana ETF products will gain approval this year. As reported earlier by Coingape, asset manager VanEck filed the first Solana ETF product in the US in June 2024. Since then, the US Securities and Exchange Commission (SEC) has welcomed other SOL ETF applications from Grayscale, Canary Capital, and 21Shares.

While the Solana products are still under review, Canary Capital filed for XRP ETF in October 2023. This filing changed the crypto ETF outlook and inspired other asset managers to join the trend.

While there is no definitive update from the US SEC, the confidence for approval remains high. The change in the US SEC leadership is a major catalyst many are citing will drive the approval. President-elect Donald Trump has nominated Paul Atkins as US SEC Chair in the coming administration. 

Atkins is expected to redirect the SEC from its strict approach to crypto under Gary Gensler. Like other industry experts, Geraci believes 2025 will see the launch of Solana and XRP ETF products.

The Nate Geraci Crypto ETF Predictions

The ETF Store President shared 10 predictions on what to expect in the crypto ETF space. He believes spot Bitcoin ETFs will surpass the physical gold ETFs in assets under management. After one year of launch, several Bitcoin ETF milestones are now on record.

The Bitcoin ETF products topped $150 billion Assets Under Management (AUM), a feat that took gold 20 years to achieve. Beyond the approval forecast for Solana and XRP ETF, Geraci also believes the U.S. SEC will approve Ethereum ETF staking this year.

Meanwhile, he narrowed the predictions to include specific ETF filings from Grayscale and Bitwise, predicting approvals for both. He predicted that Vanguard would shift its stance and support crypto ETF trading.

Donald Trump to Change the Tides

President-elect Donald Trump will take office officially on January 20, creating a new era for the industry. Beyond Paul Atkins, Trump also named a Crypto and AI Czar, David Sacks, to help coordinate policies from the White House. As reported by Coingape, one of Sacks’ first tasks is to organize an inaugural crypto ball next week.

As predicted by many experts, these trends will help fuel a robust shift in crypto regulation and enforcement. In addition to the Solana and XRP ETF approvals, price boosts are expected for both.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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How 3 Consecutive Wins Made This Crypto Investor $9M in Profits?

Published

1 day ago

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January 11, 2025

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A crypto investor turned savvy as its three constant wins led to a profit of $9M. Lookonchain’s recent findings point to the trader and the three strategic trades that turned successful and profitable despite the market volatility. Let’s check the investors’ trades and trading strategies.

Crypto Investor Earns Millions With Memecoins

The crypto trading industry is widely famous among traders for its high returns. Participants with the right trading skills and crypto market experience can benefit from it, like this one, who made $9M with three consecutive wins. Not only did the investor earn big, but three trending meme coins were behind the millions of earnings, shocking the crypto community.

A popular on-chain analytic platform, Loononchain, describes the crypto investor as a whale who dared to make big bets and profits. The whale invested in three low-market-cap cryptos but became profitable as the cryptos’ worth grew with market demand. More importantly, the trader entered and exited the trade at the right time, improving the probability of profit-taking on cryptos.

This is a whale that dares to make big bets and profit!

Aped into $WIF at a $58M market cap and made $7.5M!

Aped into $PNUT at a $460M market cap and made $$1.2M!

He spent $1.52M to buy 6.71M $pippins 19 hours ago, with an unrealized profit of $570K.https://t.co/NNN4MlZMBV pic.twitter.com/D8CAOEx7O0

— Lookonchain (@lookonchain) January 11, 2025

However, not all trades end up in profits. The market carries its own challenges, with volatility, Bitcoin dominance, and the influence of macroeconomic events. Some bear heavy losses; as an earlier CoinGape report mentioned, a trader lost $60K in just two hours. Regardless, this blog discusses the trading jackpot for a memecoin investor and investment strategies, so let’s get to that first.

Crypto Trading Jackpot: Trader Made $9M With WIF, PNUT and PIPPIN

The crypto whale invested millions in WIF, PNUT, and PIPPIN and made $9M in profits from these cryptocurrencies. The trader placed the first trade on Dogiwfhat (WIF) when its market capitalization neared $58M. Although the trader made multiple buying and selling rounds, eventually, it paid off, making $7.5M within six months. Interestingly, the whale bought the WIF at low prices and sold it at a high most of the time, revealing its trading skills.

WIF crypto tradingWIF crypto trading

The profits journey did not stop there; it moved to another popular meme coin, PNUT, which made the crypto investor profit $1.2M within just a few days. Lastly, the investor has $570k in unrealized profits in the PIPPIN token, which is newly gaining traction in the market. Solscan data shows that the investor spent $1.52M and bought $6.72M in PIPPIN just a few hours ago.

Interestingly, another investor made $2.5M with the PIPPIN token, increasing its hype.

PNUT Crypto tradingPNUT Crypto trading

What’s The Lesson Here?

The crypto investor’s investment turned profitable as it chose the trending and potential cryptos, WIF, PNUT, and PIPPIN. The constant demand for these assets led to growth and investment returns, where the aforementioned investor made $7.5M on WIF, $1.2M on PNUT, and $570k on PIPPIN. This teaches that the right crypto and time are mandatory to even think of profits. However, these three cryptos won’t always stay in trend or profit. The market’s volatility and fluctuation often impact the assets’s performance, requiring constant technical analysis and research. Although these assets made millions for this crypto trader, they may not be profitable for someone else, so trade wisely.

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Pooja Khardia

With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.

As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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