TLDR:
An unknown whale has moved over 134 million Dogecoin tokens from Robinood to an unknown wallet.
Binance has burned 4.17B Terra Classic tokens as part of its ongoing support for the Terra ecosystem.
NuggetRush has finished its cryptocurrency ICO and is now getting set for its first exchange listing.
In recent crypto news, an unidentified whale has moved over 134 million Dogecoin tokens from Robinhood to a private wallet. In another development, Binance has burned 4.17 billion Terra Classic tokens.
This burn is part of its support for the Terra ecosystem. Meanwhile, NuggetRush has completed its cryptocurrency ICO stage. It is preparing for its first listing on a cryptocurrency exchange.
NuggetRush (NUGX) Exchange Listing, A Major Catalyst for More Price Boost
NuggetRush's (NUGX) presale, which started at a price of $0.010 in round 1, has ended at $0.019 in the last round, while its listing price is set at $0.020. During this period, the price of NuggetRush's NUGX rose 100%. This 100% price increase made NuggetRush one of the bullish altcoins in the market.
The blockchain ICO has now ended, and the details of the upcoming listing on an exchange in the next 21 days have been published by NuggetRush. This announcement may be the bullish driver that will elevate NuggetRush into the top 10 cryptocurrencies.
Therefore, those who didn't manage to take part in the presale can wait for the exchange listing and join in quickly. Next to the listing that is coming up, the mining game of NuggetRush is also a trigger to think of. Gaming is now a major part of the crypto and blockchain industry and NuggetRush's participation.
This means it is developing a mining game in which players can participate in mining quests and earn prizes. These rewards could come as free crypto tokens or the coolest NFTs. Those who want to earn more can stake these NFTs and receive up to 20% APY.
Whale Moves 134M Dogecoin (DOGE) Off Robinhood
After falling from its weekly high of $0.2244 to a low of $0.1767, it seems positive momentum has returned to the Dogecoin (DOGE) market. The meme coin has recorded a small gain of 0.5%, rising to $0.1807.
This little rally might be due to a large Dogecoin transfer that occurred recently. Whale Alert, a popular blockchain platform, tweeted about the transfer on April 1st. According to Whale Alert, a whale moved 134,827,084 DOGE coins from the Robinhood exchange to an unknown wallet.
The transaction could either be a purchase or a withdrawal, suggesting the whale might be organizing their DOGE portfolio. At present, the whale involved in this transaction now has a total of 2,134,264,889 DOGE.
Binance Burns 4.17B Terra Classic (LUNIC)
Binance, the largest crypto exchange globally, has announced the burning of 4.17 billion Terra Classic (LUNC) tokens. This demonstrates Binance's interest in improving the Terra Luna Classic ecosystem. So far, the exchange has burned over 56 billion LUNC tokens.
Terra Classic bears hold even with the token burn event. The altcoin price has reduced its price by 19.8% within the last week. This price decline resulted in LUNA's price falling from a weekly high of $0.0001695 to a low of $0.0001368. Nonetheless, the situation could be different in one or two weeks when the market returns to normal.
Final Thoughts
The large DOGE transfer has brought little optimism to the Dogecoin community. However, LUNC is still bearish despite the large token burn. Meanwhile, NuggetRush's upcoming listing on exchanges brings more excitement to the cryptocurrency sector. Analysts have forecasted its ERC20 coin, NUGX, to give investors who buy after the launch 100x gains.
Crypto Intelligence
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Crypto Intelligence
