NOTCOIN has experienced a 34% increase in the last 24 hours and a 78% rise over the past week.
After its listing on Binance on May 16, NOTCOIN saw a surge in transaction volumes and active addresses, though prices and trading volumes soon declined, indicating initial excitement tapering off. Despite this, substantial accumulation by large holders suggests sustained confidence.
A significant 69.59% of NOTCOIN's airdrops were distributed through on-chain withdrawals, with 22.87% allocated to community incentives, demonstrating a strategy aimed at broad engagement.
Community incentives saw a major portion distributed through Binance (41.96%), enhancing user engagement across multiple platforms including OKX and Bybit.
This pattern of initial market overreaction followed by a correction, coupled with strategic holder accumulation and diversified incentive distribution, positions NOTCOIN for potential future recovery. – Link
CryptoQuant Degen | @cryptoquant_official
After its listing on Binance on May 16, NOTCOIN saw a surge in transaction volumes and active addresses, though prices and trading volumes soon declined, indicating initial excitement tapering off. Despite this, substantial accumulation by large holders suggests sustained confidence.
A significant 69.59% of NOTCOIN's airdrops were distributed through on-chain withdrawals, with 22.87% allocated to community incentives, demonstrating a strategy aimed at broad engagement.
Community incentives saw a major portion distributed through Binance (41.96%), enhancing user engagement across multiple platforms including OKX and Bybit.
This pattern of initial market overreaction followed by a correction, coupled with strategic holder accumulation and diversified incentive distribution, positions NOTCOIN for potential future recovery. – Link
CryptoQuant Degen | @cryptoquant_official
During bullish phases, it's common to observe LTHs offloading portions of their Bitcoin holdings as prices rise
“The 1-year+ and 2-year+ cohorts have ceased selling, transitioning from a distribution phase to a holding phase.” – Link
By onchained | @cryptoquant_official
“The 1-year+ and 2-year+ cohorts have ceased selling, transitioning from a distribution phase to a holding phase.” – Link
By onchained | @cryptoquant_official
Will Bitcoin Spot ETF Leadership Change Hands This Week?
“On the first trading day of the week, IBIT saw $102.5 million in net inflows, while GBTC saw $105.2 million in outflows.” – Link
By burakkesmeci | @cryptoquant_official
“On the first trading day of the week, IBIT saw $102.5 million in net inflows, while GBTC saw $105.2 million in outflows.” – Link
By burakkesmeci | @cryptoquant_official
Mt. Gox Coins on the Move
On May 27th, Mt. Gox moved a staggering 138K Bitcoin (approx. $9.4 billion). These coins, held since May 2018, were transacted in seven segments, ranging from 4K to 32K Bitcoin each.
Initially transferred to a single address, the funds were subsequently redistributed to three different addresses, each securing 47.4K Bitcoin. Despite this significant activity, all addresses remain under the firm control of Mt. Gox’s Rehabilitation Trustee, with no creditor repayments made to date. This strategic consolidation hints that the Trustee is gearing up for planned repayments, following the Rehabilitation Plan.
Market Impact Analysis
• No Immediate Impact: Transfers remain within Trustee control, showing no immediate market influence.
• Uncertain Repayment Timeline: Creditors’ repayment is scheduled by October 31, 2024, though the precise start date remains undecided.
• Potential Market Movements: Future repayments hold the potential to influence Bitcoin’s market dynamics, dependent on the timing and amount released.
For a deeper dive, check our latest crypto weekly report!
@cryptoquant_official
On May 27th, Mt. Gox moved a staggering 138K Bitcoin (approx. $9.4 billion). These coins, held since May 2018, were transacted in seven segments, ranging from 4K to 32K Bitcoin each.
Initially transferred to a single address, the funds were subsequently redistributed to three different addresses, each securing 47.4K Bitcoin. Despite this significant activity, all addresses remain under the firm control of Mt. Gox’s Rehabilitation Trustee, with no creditor repayments made to date. This strategic consolidation hints that the Trustee is gearing up for planned repayments, following the Rehabilitation Plan.
Market Impact Analysis
• No Immediate Impact: Transfers remain within Trustee control, showing no immediate market influence.
• Uncertain Repayment Timeline: Creditors’ repayment is scheduled by October 31, 2024, though the precise start date remains undecided.
• Potential Market Movements: Future repayments hold the potential to influence Bitcoin’s market dynamics, dependent on the timing and amount released.
For a deeper dive, check our latest crypto weekly report!
@cryptoquant_official
Mt. Gox coin distribution could bring buying opportunity
“While novice investors believe this could bring the market down, it will be important to look for price levels for optimized new purchases.” – Link
By caueconomy | @cryptoquant_official
“While novice investors believe this could bring the market down, it will be important to look for price levels for optimized new purchases.” – Link
By caueconomy | @cryptoquant_official
Is Bitcoin Heading for a New Peak? Key Insights You Need to Know!
“This means we are still somewhat far from the peak, and the price will achieve a new high in this cycle, which could be above $100k.” – Link
By Tarekonchain | @cryptoquant_official
“This means we are still somewhat far from the peak, and the price will achieve a new high in this cycle, which could be above $100k.” – Link
By Tarekonchain | @cryptoquant_official
How Much Upside Potential Remains?
“From the last two cycles, we can see that the bullish trend lasted approximately 300-600 days. If we observe a similar pattern in the current cycle, we can expect the upward momentum to continue for at least another three months.” – Link
By Yonsei_dent | @cryptoquant_official
“From the last two cycles, we can see that the bullish trend lasted approximately 300-600 days. If we observe a similar pattern in the current cycle, we can expect the upward momentum to continue for at least another three months.” – Link
By Yonsei_dent | @cryptoquant_official
Impressive Growth: Major Players Accumulating 100k to 1M TON
“The increasing number of addresses within this balance range highlights a deliberate and calculated move by large investors to strengthen their positions.” – Link
By joaowedson | @cryptoquant_official
“The increasing number of addresses within this balance range highlights a deliberate and calculated move by large investors to strengthen their positions.” – Link
By joaowedson | @cryptoquant_official
Growth Surge in Bitcoin and Ethereum Accumulation Addresses: What It Means for the Crypto Market
“This phenomenon indicates that even with Bitcoin and Ethereum experiencing price stability, investor sentiment remains bullish.” – Link
By Crazzyblockk | @cryptoquant_official
“This phenomenon indicates that even with Bitcoin and Ethereum experiencing price stability, investor sentiment remains bullish.” – Link
By Crazzyblockk | @cryptoquant_official
Over 800,000 Ethereum Outflow From Exchanges Following ETH Spot ETF Approval
“Institutions preparing for the Spot ETF could be behind this wave of heavy outflow that lasted for 8 days.” – Link
By burakkesmeci | @cryptoquant_official
“Institutions preparing for the Spot ETF could be behind this wave of heavy outflow that lasted for 8 days.” – Link
By burakkesmeci | @cryptoquant_official
Kraken: Largest BTC and ETH Outflows Since 2017!
“Kraken's Bitcoin reserves have dropped to the same level as in 2018, now holding 122,300 BTC. For Ethereum, this is the first time Kraken's reserves have fallen below 1 million units, a level not seen since early 2016.” – Link
By joaowedson | @cryptoquant_official
“Kraken's Bitcoin reserves have dropped to the same level as in 2018, now holding 122,300 BTC. For Ethereum, this is the first time Kraken's reserves have fallen below 1 million units, a level not seen since early 2016.” – Link
By joaowedson | @cryptoquant_official