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One trader is seeing million dollar profits on a Solana (SOL)-based memecoin in just months, according to on-chain data. Blockchain tracking firm Lookonchain says that one investor in TROLL is looking at a gain of more than 130,000% after the memecoin inspired by the internet trolling culture had an explosive rally over the last month. “From $2,900 to $3.78 million in just 3.5 months – a 1,300x return! Trader ‘frostx.sol’ spent $2,900 to buy 20.91 million TROLL three months ago, sold 2.55 million for $50,700 and still holds 18.36 million TROLL ($3.73 million). With TROLL’s recent surge, his position has flipped nearly 1,300x, with a profit of $3.78 million.” Source: Lookonchain/X TROLL hit an all-time high on Wednesday at $0.2018, an increase of more than 423% from its seven-day low of $0.0403. TROLL has since retraced from its ATH and is trading for $0.1669 at time of writing, up 15.2% on the day. With a market cap of $175 million...

A closely followed trader believes that the layer-1 protocol Solana (SOL) may have just flashed a strong bullish reversal signal. Pseudonymous trader Inmortal tells his 231,500 followers on the social media platform X that Solana appears to have set a massive bear trap earlier this month when the price of SOL briefly dropped below $100. A bear trap is a false signal that makes it appear that the price of an asset is heading to much lower levels, but instead, the price abruptly reverses and rallies, leaving short-sellers trapped. Says Inmortal, “That weekly candle is maybe the biggest bear trap I’ve ever seen, SOL.” Source: Inmortal/X The analyst now believes that SOL is setting the stage for strong rallies en route to a new all-time high of $340 by December 2025. “In retrospect, it will be so obvious, SOL.” Source: Inmortal/X At time of writing, Solana is trading for $128.19, down over 3% on the day. Looking at Bitcoin, Inmorta...

Blockchain tracker Lookonchain says one savvy crypto trader gained a 10,000,000% profit in less than two years on a Dogecoin (DOGE) and Shiba Inu (SHIB) rival. According to Lookonchain, one anonymous trader turned just $70.40 into $7.06 million in only 20 months by purchasing memecoin Pepe (PEPE) in the early days. “An early buyer who spent only 0.035 ETH ($70.40) to buy 2.61 trillion PEPE ($57.3 million currently) deposited the remaining 189.4 billion PEPE($4.15M) to Kraken [on Thursday]. Even though he sold most of his PEPE early on, he turned $70.40 into $7.06 million – a return of over 100,000x.” Lookonchain also noticed other large Pepe holders realizing massive profits this week. One Pepe trader was spotted realizing a gain of more than 3,018%. “After holding for over a year, this trader turned $241,500 into $7.53 million! This trader withdrew 375.65 billion PEPE ($241,500 at that time) from Gemini on Sept 20th, 2023, and sold 19.55...

Bitcoin fell 3% in just over an hour following the latest Consumer Price Index (CPI) data, which came in below expectations. BTC spiked to almost $62K on the back of the CPI print, but has since retraced below the psychological $60K mark to trade at $59,309.52 as of 9:25 a.m. EST. Inflation Slowing To Lowest Rate In 3 Years The CPI increased 0.2% on a seasonally adjusted basis after it declined 0.1% in June. Throughout the past 12 months, the index rose 2.9% before seasonal adjustment. This came in just below the 3% rise that economist’s had anticipated. The main reason for the increase was rising housing costs. Looking at just energy and food shows that the core CPI increased by 0.2% monthly and 3.2% annually, which was in line with expectations. The annual rate is also the lowest it has been since March 2021. Similarly, the core rate has come in the lowest it has been since April of the same year. Bitcoin Could Still Drop To $55K, Warns Analyst Commenting on BTC’s...

Ethereum (ETH) price optimism is again on the rise, with positive news, predictions, and macroeconomics moving the markets. In this context, observers have spotted Ethereum whale trader s making massive buys and accumulating ETH, signaling a dominating bullish bias. On August 2, Lookonchain reported a notable Ethereum trader making waves in the cryptocurrency market with massive historical gains. This whale, in particular, has a remarkable 100% win rate with ETH trades, profiting more than $38 million since 2022. Notably, this entity has been actively buying 17,012 ETH since May 29, at a $61 million dollar-cost average (DCA). The most recent purchase happened five hours before Lookonchain ‘s report, adding 4,000 ETH worth $12.58 million. Picks for you Solana forms ‘bullish megaphone’; Analyst sets key SOL levels to watch ...

Legendary trader Peter Brandt believes Bitcoin (BTC) might be on the brink of a major breakout, drawing parallels to a significant stock market surge in the mid-1980s. According to Brandt, BTC mirrors historical patterns that preceded a prolonged bull market, suggesting Bitcoin could follow a similar trajectory. In an X post (formerly Twitter), renowned trader Peter Brandt highlighted a striking similarity between a current Bitcoin chart and a pattern observed in the stock market during the mid-1980s, a period marked by a significant breakout.  Picks for you AI sets Chainlink (LINK) price for June 30, 2024 2 hours ago Whale scooped $26.7M in ETH after $76.6M profit amid market surge 4 hours ago ...

A Bitcoin (BTC) whale turned bullish in May and recently restarted accumulating coins. The address went from a nearly $20 million worth balance to $175 million this month, holding over 2,600 BTC. Notably, the Bitcoin Whale address possibly belongs to a cryptocurrency trader, as it shows a high buying and selling activity. Historically, ‘124BPp9mTaXxTXiRx8cxEZDd4sGjoxGk9F‘ received a total of 150,435 BTC and spent 147,831 BTC—consistent trading activity since 2018. Bitcoin Whale ‘124BPp9mTaXxTXiRx8cxEZDd4sGjoxGk9F’, history. Source: mempool.space In particular, the whale sold over 2,800 Bitcoin from March to April, holding a remaining 287 BTC bearish balance. However, it started gradually stack ing coins on May 3, with its most relevant activity happening in the past 24 hours. Picks for you Is the recession here? U.S. delinquency rate surges to highest level in 14 years 12 mins ago Venezuela to shut down cryptocurrency mining farms 16 hours...

Bitcoin looks like a stablecoin compared to the U.S. dollar index on the day, with BTC price levels of interest close to spot. Bitcoin (BTC) stayed glued to $27,500 at the Oct. 4 Wall Street open as attention continued to focus on rampant United States yields. BTC/USD 1-hour chart. Source: TradingView Analysis: $27,000 now "key" for BTC price Data from Cointelegraph Markets Pro and TradingView showed a calm day for BTC price action while U.S. dollar volatility ruled. After its own spate of hectic trading to start the week, Bitcoin was once more seeking direction, with market observers marking out key price points. Popular trader Skew flagged market takers selling toward $27,600, lending “importance to this price level reclaim.” “Get that reclaim & decent pop will come,” he predicted in part of the day’s X Analysis . $BTC takers selling into $27.6K adds importance to this price level reclaim Get that reclaim & decent pop will come note coinbase CVD (actual buyer led...

Bitcoin simply hasn't dealt with the worst of resistance in a key trading range for everyone to flip bullish. Bitcoin (BTC) may have erased its Binance “FUD” losses, but popular traders are anything but bullish . Despite gaining up to 7.5% versus its March 28 lows, BTC/USD is causing more suspicion than excitement with its return to local highs. $30,000 stays breaker for bullish sentiment flip In a move which echoes its reactions to previous news events such as the Silicon Valley Bank demise, Bitcoin has recovered snap losses in record time. On March 29, BTC price action hit $28,650 on Bitstamp — just $200 off new nine-month highs. Unlike before, however, the mood among market participants is distinctly risk-off under current conditions. Among them is popular trader Muro, who argued that the bounce came courtesy of large-volume traders and was nothing more than a product of their strategies. “The big guys basically brought price back to their recent short entry (red) by taking p...