BONK Sinks 12% as Meme Token Sector Faces Heavy Sell-Off
Solana-based BONK token plunged as transaction volumes spiked to 2.59 trillion amid large holders offloading ahead of the Fed’s policy meeting.
Solana-based BONK token plunged as transaction volumes spiked to 2.59 trillion amid large holders offloading ahead of the Fed’s policy meeting.
According to the popularity ranking, CFX's popularity has decreased by 140000 followers compared to yesterday, ranking first. The popularity ranking is as follows: ① CFX ($0.2146,10.68%) ② ETH ($3862.33,1.77%) ③ SPK ($0.09270,-9.03%) ④ PUMP ($0.003208,29.25%) ⑤ TREE ($0.5110,-9.56%) The selling power of CFX's main funds is average, with a net outflow of $4.67336 million within 24 hours and a transaction volume of $1.447 billion within 24 hours, of which the main funds had a net outflow of $1.2783 million.
Foresight News reported that according to Onchain Lens monitoring, a newly created wallet has withdrawn tokens worth approximately $4.2 million from Binance, including 80126 LINK tokens worth approximately $1.46 million; 110.34 billion SHIBs, valued at approximately 1.45 million US dollars; 3.44 million MATICs, valued at approximately $762000; 142.62 ETH, worth approximately $552000.
According to a report by Golden Finance, the Financial Commission and the Financial Supervisory Authority announced on July 31 that they will form a working group with the Digital Asset Exchange Association (DAXA) and five virtual asset exchanges to develop guidelines for virtual asset lending services. The guide is expected to be released in August, covering regulations on the use of leverage, applicable user scope, scope of loanable assets, risk disclosure, and other aspects. The financial authorities also require exchanges to re-examine services that may pose risks of user loss or legal risks.
According to a report by Golden Finance, according to CryptoQuant data, the cryptocurrency market landscape has undergone significant changes after the price of Bitcoin exceeded $120000. Data shows that the price of Ethereum has risen 170% from its recent low, only 23% away from its historical high of $4871. One of the main factors driving this round of increase is SharpLink's investment of $1.3 billion to purchase 438190 ETH. According to data from the cryptocurrency derivatives market, the trading volume of altcoins and Ethereum futures contracts reached $22.36 billion, setting a new 5-month high. It is worth noting that in centralized exchanges, the futures trading volume of altcoins and Ethereum accounts for 83% of the total, while Bitcoin futures trading volume only accounts for 17%.
According to Lookonchain monitoring, five miners' wallets that had been dormant for over 15 years woke up an hour ago and transferred 250 BTC worth approximately $29.6 million. These miner wallets all obtained 50 BTC each through mining on April 26, 2010. The wallet addresses involved include addresses starting with 1NuqA and 12EWR.