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Whale, a delegated Cardano representative with substantial ADA holdings, has accused the project’s founder Charles Hoskinson and his Input Output Global (IOG) foundation of pointless expenditures worth millions of dollars. Alongside a 2025 Summit proposal vote, Whale, who has deactivated their X account, promised to no longer support Input Output proposals going forward. “We’re in a place where the founding entity has not delivered much for years and is requesting obscene amounts of funds to keep the same level of non-delivery going,” Whale wrote. Whale, who controls about 6 million ADA worth of voting power, escalated the single vote of no confidence by asking delegators to entrust more ADA for automatic denials of all future IOG proposals . Whale’s statement, posted to X by Cardano ambassador Varavas. Individual Cardano users can delegate their smaller stakes of ADA to delegated representatives who cast governance votes on their behalf. Hoskinson r...

Blockchain tracking firm Lookonchain says one crypto trader is looking at multi-million dollar losses after trading the official memecoin of Melania Trump, wife of US President Donald Trump. According to Lookonchain, the trader scooped up nearly 14 million Melania (MELANIA) last month for about $30 million, only to sell off all his holdings this week at a loss of $15.68 million. Lookonchain also noticed another whale lost $3.73 million on his MELANIA trade this week as well. “Whales sold all their MELANIA holdings at a loss recently! DNTpoX…LN2A spent 30 million USDC to buy 13.97 million MELANIA a month ago, and sold for 14.32 million USDC yesterday, losing $15.68 million. Gu2bnm…xmni spent 10 million USDC to buy 6.69 million MELANIA 22 days ago, and sold 6.27 million USDC in the past two days, losing $3.73 million.” Melania is trading for $0.85 at time of writing, down 93.5% from its all-time high of $13.05, which it hit on January 20th...

The cryptocurrency market has started this week dominated by a bullish sentiment, with most cryptocurrencies accruing gains. This recent price action has attracted the interest of crypto whales, reaching short-term record highs. In particular, an insight from Santiment shows Optimism (OP) and Chiliz (CHZ) with rising whale activity on May 20. However, despite a seemingly positive metric, Santiment ‘s analyst, Brian Q, believes this could foreshadow volatility and trend reversals. “With crypto rebounding big today, keep an eye on the rising whale activity among many altcoins like Optimism and Chiliz. Sudden high onchain activity among their largest traders typically will foreshadow major volatility and OP & CHZ reversals.” – Brian Q, for Santiment Picks for you Ethereum bloodbath: $100M in ETH liquidated in 24 hours...

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Recently, a dormant Ethereum whale moved coins worth approximately $90 million to Kraken, a crypto exchange, after five years, prompting discussions among analysts and crypto enthusiasts.  At the same time, Arweave holders are actively exploring Pullix as the project approaches its token presale.  Ethereum remains bullish In crypto, whale movements negatively impact prices, especially if coins are moved to an exchange. Recently, a whale deposited 39,260 ETH to Kraken. This address had previously received 47,260 ETH, valued at just over $11 million at that time, from a single transaction in 2017. If the whale sells, the address could realize $90 million in the current market conditions. Arweave holders explore Pullix presale Early Arweave holders understand the importance of early-stage investment.  For perspective,...

Four ethereum (ETH) whale s moved 78,900 coins to Gate.io and Coinbase over the past 24 hours. The shifting comes while the ETH price declines slightly in the mentioned timeframe. According to data provided by Whale Alert, the latest transaction, 15,000 ETH, was sent to the California-based crypto exchange Gate.io. The address still has $859 worth of cryptocurrencies left. 15,000 #ETH (28,439,729 USD) transferred from unknown wallet to #GateIOhttps://t.co/NkdlpwtwPZ — Whale Alert (@whale_alert) July 20, 2023 Moreover, the remaining three transactions — each containing 21,266 ETH, 21,296 ETH and 21,338 ETH — were sent to the Coinbase exchange over the past 24 hours, Whale Alert’s data shows. You might also like: Arkham’s beta complete, on-chain intelligence exchange live Per the data provider, the total amount of the assets moved in these four transactions is worth roughly $150.3 million. The movements come while the ETH price slightly declines over the past 24 h...