Binance Tops 2024 Crypto Inflows, Outpacing Top 10 Exchanges

In 2024, Binance recorded $21.68 billion in user fund deposits, outperforming the next 10 largest crypto exchanges, which collectively attracted $15.9 billion, according to DefiLlama.

https://defillama.com/cexs

CryptoQuant data highlights a sharp increase in the average deposit size of stablecoins(ERC20) on #Binance, reflecting its growing appeal among institutional investors.

https://cryptoquant.com/asset/stablecoin/chart/exchange-flows/exchange-inflow-total?exchange=binance&window=DAY&sma=0&ema=0&priceScale=log&metricScale=linear&chartStyle=column

After $BTC dropped from $100,000, a whale seized the opportunity and bought 600 $BTC($58.85M)!

Over the past 2 weeks, this whale has accumulated a total of 1,300 $BTC($127M).

https://intel.arkm.com/explorer/address/bc1pg4f9pllrjmr8d0svxm5rmzjyxuck08nka0h6wpmn98s0meyypv6sxu0pk3

On-chain data shows that Marathon Digital(@MARAHoldings) acquired another 1,423 $BTC($139.5M) in the past 6 hours!

This comes after MARA announced yesterday the closing of its second $850M convertible note offering, primarily aimed at purchasing Bitcoin and partially repurchasing existing notes due in 2026.

https://intel.arkm.com/explorer/entity/mara-pool

A whale deposited 1.4M $LDO($3.03M) into #Binance when the $LDO price reached the breakeven point.

Between June 21 and June 26, the whale bought 1.4M $LDO($3.09M) at $2.21, 39,469 $AAVE($3.25M) at $82.44, and 2,561 $MKR($6.32M) at $2,470.

Currently making a profit of $6.97M on $AAVE and a loss of $783K on $MKR.

Address:
0x97d62A90E0ABBc7b7DE9824AD27F1BE540702cF2

What #memecoins on #Solana are whales buying?

24 hours ago, FBiJ...JLqn spent 6,500 $SOL($1.52M) to buy 3.72M $ai16z.
https://solscan.io/account/FBiJdTjiwb7AJY5bWm4sh6BnV63EtMfegftvYhUaJLqn#transfers

3 hours ago, E9uD...Y9cf spent 2,954 $SOL($700K) to buy 1.56M $ai16z and spent 2,865 $SOL($679K) to buy 1.87M $ZEREBRO.
https://solscan.io/account/E9uDts8F8D8KsVmnZgwyn722ANShnc2MvT5v4GPbY9cf#transfers

$ai16z
CA: HeLp6NuQkmYB4pYWo2zYs22mESHXPQYzXbB8n4V98jwC
MC: $527M

$ZEREBRO
CA: 8x5VqbHA8D7NkD52uNuS5nnt3PwA8pLD34ymskeSo2Wn
MC: $436M

Whales/Institutions are accumulating #Defi tokens on #Ethereum!

#GalaxyDigital withdrew 1.07M $UNI($18.9M) and 27,722 $AAVE($10.19M) from exchanges today.

https://intel.arkm.com/explorer/entity/galaxy-digital

This trader lost $73.9K trading #memecoins in just 3 minutes!

He made common mistakes that many traders fall into — a lesson for us all.

The trending memecoin $rich caught this trader's attention as its price dipped. Seizing what seemed like an opportunity, he spent 198 $SOL to buy in.

Unfortunately, the price plummeted 60% after his purchase, he panic-sold all for 76 $SOL, taking a 122 $SOL loss.

As $rich began to rebound, the trader succumbed to #FOMO, reinvesting 297 $SOL.

However, the price dropped another 60%, and he panic-sold for 93.5 $SOL, losing an additional 203.5 $SOL.

In total, he lost 325.8 $SOL($73.9K) in just 3 minutes.

Ironically, $rich soared 30 minutes later.

If he had held his position instead of selling in panic, he might have turned his losses into gains.

Address:
https://solscan.io/account/BBgwD3eSnQHvhESbeozdTP9G2DcqB4wFgxeP4dADFuud#defiactivities