Search Results for: Nansen

A proposal submitted by lidomaxi aims to increase Lido’s native governance token, LDO’s utility by introducing staking, buyback programs, an insurance fund for Lido DAO, and a revenue-sharing parameter. This development could potentially revamp LDO, but concerns regarding complexity and impact on other token holders remain.

Recent data from crypto intelligence firm Nansen suggests the fervor for meme coin Pepecoin may be waning, as top-performing traders are reducing their holdings. The hype surrounding the token may be slowing down, with smart money wallets decreasing their PEPE stash by $3 million in the past 24 hours, indicating diminishing potential for profit.

Ethereum holders and investors celebrate as the amount of Ethereum locked on the Beacon chain reaches an all-time high of 19,375,242 ETH, with a total value locked of $27.7 billion. Binance CEO Changpeng Zhao hints at a potential price rally for Ethereum in response to increased locked ETH, suggesting a reduction in overall market supply may be imminent.

NFT trading volumes on Ethereum surged in Q1 2023, partially due to the airdrop farming frenzy for Blur’s native token, BLUR. Volumes doubled from $1.9 billion in Q4 2022 to $4.5 billion in Q1 2023. However, recent months show a bearish outlook with declining trading volumes and sales.

The Shanghai upgrade’s impact on the Ethereum staking market reveals strong bullish sentiment and growth in liquid staking service providers like Lido Finance and Coinbase. With 97,586 ETH staked post-upgrade, the increased staking activity reduces sell pressure and indicates optimism for Ethereum’s future.

Pepecoin (PEPE) experienced a 2,000% increase in value following its April 2023 launch, driven by zealous memecoin hype. Research analyst Xin Yi estimated the total memecoin market value at around $20 billion, with social aspects significantly influencing investor sentiment and action. However, memecoins carry inherent risks, often resulting in liquidity crunches and losses for smaller investors.

Ethereum 2.0 hits new all-time high with 19,037,686 staked coins and 590,854 validators. Increased interest in the upgrade’s capabilities may have driven the influx, while skeptics cite market pressure or manipulation. High transaction fees and potential price manipulation raise concerns for the future of the network.

PEPE memecoin leads the pack with a 2100% price hike since its launch, gaining popularity on decentralized exchange Uniswap. Despite challenges like liquidity issues, PEPE continues to make waves on centralized exchanges. The long-term sustainability and value of meme-oriented cryptocurrencies remain uncertain; investors should approach them with caution.

Since Ethereum’s Shanghai upgrade, centralized crypto exchanges Binance and Coinbase have seen large outflows of staked ether, while decentralized liquid staking protocols experience significant inflows. Regulatory risks and higher rewards offered by decentralized platforms are driving this shift away from centralized staking services.