According to the eagle-eyed folks at CryptoQuant (who clearly have nothing better to do), the average Funding Rate SMA (30) has tumbled down by a whopping 9% since March decided to show its face. This decline is as telling as a rooster crowing at dawn, revealing that traders are betting their last pennies on more downside. It’s like watching a group of lemmings marching toward a cliff, ain’t it?
According to the esteemed data provided by CoinMarketCap, the trading volume of XRP has surged by a staggering 50.50% within the span of a mere day. One cannot help but marvel at the sheer audacity of this figure, as it translates to a grand total of 1,801,848,676 XRP, valued at over $4.19 billion. Such numbers are enough to make even the most stoic investor raise an eyebrow in intrigue! 😲
Ah, the Lazarus Group! A name that evokes both dread and a chuckle, for they now possess a staggering sum of Bitcoin, exceeding a billion dollars. Indeed, they have ascended to the lofty heights of being the third largest state holder of Bitcoin in this brave new world.
Enter stage left, the illustrious Andrew “AP_Abacus” Parish, a figure of some renown in this digital bazaar. He claims, with the confidence of a man who just found a dollar in his old coat, that two sources from the SEC have hinted that the curtain is about to fall on this legal drama. If true, the ramifications could be as monumental as a cat discovering its reflection for the first time. 🐱
There are several other assets planned for both one-time and linear unlocks in addition to Solana. Tokens with significant cliff unlocks include ZKJ ($31.83 million), QAI ($41.64 million) and FTN ($79.8 million). Prominent assets such as WLD ($31.82 million), TIA ($23. 80 million) and DOGE ($16.60 million) are available through linear unlocks. Even though these numbers may seem high, it is crucial to keep in mind that many of these unlocks are already included in market expectations.
Meanwhile, the beloved meme coin SHIB decided to take a little joyride, surging by almost 10% before promptly slamming on the brakes and rolling back down the hill. It’s like watching a toddler on a tricycle: thrilling for a moment, but you know it’s going to end in tears. 🚴♂️💨
The sudden vanishing act has sparked a cacophony of speculations. Some, ever the optimists, see a clean slate; others, the cautious souls, whisper of shadows lurking in the corners of uncertainty. 🌪️
Now, the FDV metric, dear reader, is a curious beast. It considers both circulating and locked tokens, painting a picture of what could be if all tokens were released at current prices. In this hypothetical realm, XRP stands tall above ETH, like a proud rooster on a fence post, crowing about its potential. 🐓
During the discussion, Saylor traced his introduction to Bitcoin back to 2013, when he regarded it as “an oddity.” It was not until 2020—amid what he described as an “existential crisis” at his company—that he turned to Bitcoin as a means to preserve and potentially grow corporate value. “I realized that I was either going to have a fast death or a slow death, or I needed to take a risk and transform the business,” Saylor mused. “So what we did is we looked around for something like digital gold that we could purchase on our company’s balance sheet that would save the company and give us a future.” 🚀
Meanwhile, some local industry bigwigs have been nudging the Democratic Party of Korea (DP), the country’s main centrist-liberal crew, to take a page out of the U.S. playbook. You know, the one where the world’s biggest economy decided to hoard forfeited Bitcoin like a dragon with a shiny new treasure. 🐉💰