Bitcoin Traders Shrug at $2.8 Billion Mt. Gox Transfer
The cryptocurrency market has shown remarkable resilience in the face of a massive Bitcoin transfer from the infamous Mt. Gox exchange, as reported by Decrypt (https://decrypt.co/294985/bitcoin-mt-gox-transfer). Despite 27,871 Bitcoins worth approximately $2.8 billion being moved to an unmarked address, traders remained unfazed with little reaction observed in the market.
This large-scale movement was tracked by blockchain analytics firm Arkham Intelligence, and typically such transfers would cause significant price fluctuations; however, this time it did not affect Bitcoin's upward trajectory past $100K significantly. Analysts suggest that bullish sentiment among investors remains strong despite these developments.
Who’s Really Getting Rich from the Crypto Bull Run?
An intriguing analysis by TradingView (https://www.tradingview.com/news/cointelegraph:99f15c60c094b:0-who-s-really-getting-rich-from-the-crypto-bull-run/) reveals that while many are drawn into memecoin trading frenzies during crypto bull runs, it's often infrastructure providers who reap substantial profits rather than individual traders themselves.
Solana-based decentralized applications have seen record revenues due to increased on-chain activity driven by memecoins like Raydium generating millions in fees within short periods. This phenomenon is likened to historical gold rushes where those selling tools made more money than miners searching for gold itself.
Pepe Unchained ICO Sells Out Ahead of Exchange Listings
A recent report from CryptoDaily (https://cryptodaily.co.uk/2024/12/pepe-unchained-ico-sells-out-announces-december-10-exchange-listings-date) highlights Pepe Unchained's successful initial coin offering which raised $73 million before its anticipated December launch on exchanges including Uniswap.
The project gained traction through strategic whale investments and promises innovative features such as low-cost transactions via their Layer-2 chain solution alongside staking pools offering attractive returns—positioning PEPU potentially as one of late 2024’s standout performers among new meme coins entering markets soon after listing dates announced recently too!
FOMO as Bitcoin Price Surges Past $100,000
Bitcoin Hits Milestone Amid Political Shifts
Sources:
- Bitcoin Traders Shrug at $2.8 Billion Mt. Gox Transfer
- Who’s really getting rich from the crypto bull run?
- Pepe Unchained ICO Sells Out, Announces December 10 Exchange Listings Date
- FOMO as Bitcoin price surges past $100,000: Is it too late to invest in cryptocurrency?
- Bitcoin hits $100,000 for the first time. 3 things to know about an incredible ride
- Bitcoin races past $100,000, fueled by post-election rally
