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A cryptocurrency trader who had amassed over $11 million in profits with TRUMP memecoin has given it all back, accumulating more than $21 million in losses amid the tariffs crash. This weekend, Donald Trump started a trade war by implementing tariffs against China, Canada, and Mexico, crashing all markets worldwide. While Canada and Mexico tariffs are currently on hold, China has retaliated, imposing their own tariffs against the United States.  Under the macroeconomic uncertainty, most cryptocurrencies struggle at low prices, leaving many traders underwater, with massive realized and unrealized losses. Interestingly, TRUMP coin is one of the most affected in all this mess, punishing Donald Trump’s fans who bought it. Picks for you Tesla shipped nearly 4,900 vehicles a day in 2024 16 mins ago ...

A trader who nailed the May 2021 Bitcoin (BTC) collapse is suddenly turning bullish on Dogecoin (DOGE). Pseudonymous analyst Dave the Wave tells 146,500 followers on the social media platform X that DOGE may be forming a bullish ascending triangle on the daily timeframe. A triangle pattern is considered bullish if the asset clears a key resistance level. Says Dave the Wave, “Tell me that ain’t bullish.” Source: Dave the Wave/X Looking at his chart, the analyst appears to also suggest that DOGE is consolidating in a broader symmetrical triangle pattern and may soon break through resistance that could put the memecoin in the $0.20 range. Dave the Wave also appears to suggest that DOGE will rally close to its all-time high of $0.73 during this cycle. DOGE is trading for $0.14 at time of writing, up 1.2% in the last 24 hours. Next up, the analyst says Bitcoin could ignite rallies to fresh all-time highs if the flagship digital asset can break th...

One $135 purchase of an Ethereum (ETH)-based meme coin known as First City in Mars (TERMINUS) has been gaining traction in recent weeks as possibly the most profitable cryptocurrency market trade of 2024. In fact, the trade executed on Uniswap on September 8 had rocketed nearly 1,000 times by September 21 and rose to a value of $1.2 million just days later, per the data Finbold retrieved in the early morning of September 24 from Lookonchain. The rise from $135 to $1.2 million means that the trade has multiplied approximately 9,000 times in a little more than 15 days, making it one of the most lucrative buys on record. Picks for you Bybit launches the world-first Islamic crypto account 1 hour ago Cryptocurrency trader turns $800 into $1.3 m...

A closely followed crypto strategist and trader says Solana (SOL) and three additional altcoins are his best picks for longer-term holds. Pseudonymous analyst Altcoin Sherpa tells his 223,400 followers on the social media platform X that SOL will likely remain in an uptrend as long as it holds $110 as support. In addition to SOL, the analyst reveals other picks for “longer-term buys,” including crypto gambling platform Rollbit’s native token RLB, the layer-1 protocol Saga (SAGA) and Bittensor (TAO), a decentralized blockchain platform that focuses on machine learning and AI. “Longer-term buys: RLB (shilled a lot plus ‘real value’ plus NFL). SAGA chart looks good. TAO at $200 (AI). SOL from $130-$110 still good in my opinion.” Zeroing in on SAGA, the analyst suggests that the token is currently trading in a range after carving a bottom. “SAGA I think this thing looks pretty good for a DCA (dollar cost averaging)/spo...

Anton Peraire-Bueno and James Peraire-Bueno, two brothers who operate Ethereum validators, have been indicted in the Southern District of New York on charges of wire fraud, conspiracy to commit wire fraud, and conspiracy to commit money laundering. The charges related to a scheme that has been described as exploiting the ‘very integrity of the Ethereum Blockchain to fraudulently obtain approximately $25 million.’ The brothers allegedly worked together on a complex exploit that allowed them to take advantage of traders searching for ‘maximum extractable value’ (MEV) on Ethereum.  By operating multiple Ethereum validators, the brothers were allegedly able to submit blocks that included exploited transactions . Allegedly, once the brothers were aware that their validators would soon have opportunities to submit blocks, they would create ‘bait’ transactions that seemed to have significant upside for the MEV traders and wait for those traders to attem...

A crypto trader reportedly lost $1 million in USDT overnight, trading the meme coin PEPE with Binance‘s margin leverage. This story represents the untold reality of many other traders who rarely get to the headlines. The trader goes by the pseudonym Crypto Nerd on X (formerly Twitter) and reported his losses on April 13. In particular, Crypto Nerd explained he opened a 3x-leverage long position on PEPE, with $1 million worth of Tether’s stablecoin USDT. The dramatic outcome gets worse considering the memecoin trader has less than $1,000 in his banking account, as reported. Picks for you Market strategist warns global economy on the brink of a perilous financial collapse 2 hours ago Cryptocurrency trader s lost nearly $1 billion in 24 hours amid market crash 2 hours ago Crypto market maker profits $8 million from a single token 20 hours ago Unusual correlation of Gold and US Treasury Yield raises concerns 20 hours ago “Just...

Speculating on low-liquidity cryptocurrencies is risky but sometimes rewarding. A crypto trader recently beat the risk of ruin, turning $3,000 to more than $651,000 in 19 hours. Lookonchain reported this successful trading story on X (formerly Twitter) on January 25 at 06:25 am (UTC). At that time, the trader held 314.9 trillion SNOW worth around $535,000. Notably, the address ‘0xf8a…F8683’ started with a purchase of 386.94 trillion SNOW for 1.31 ETH, worth $2,931. First, he sold 72 trillion tokens for 53.4 ETH, worth $119,000. Thus, realizing a profit of 52.09 ETH ($116,000). In just 19 hours , this trade r made $651K with less than $3K on $SNOW, a gain of 220x! He spent 1.31 $ETH($2,931) to buy 386.94T $SNOW(43.5% of the total supply) and sold 72T $SNOW for 53.4 $ETH($119K), realizing a profit of 52.09 $ETH($116K). He currently holds 314.9T… pic.twitter.com/hh8ORItZFB — Lookonchain (@lookonchain) January 25, 2024 Since then, the trade r has sold more SNOW while adding li...

A savvy crypto trader has turned an initial investment of 81.158k Chainlink (LINK) into 641k USDC within a month , resulting in a $200k profit . According to a tweet by Spot on Chain, a trader has consistently demonstrated an ability to pinpoint the exact points to  ‘buy low and sell high,’ culminating in a $200K profit within just a month. The trade involved swapping 81.158k LINK for 641k USDC. A smart trader swapped 81.158K $LINK to 641K $USDC 2 hours ago and made a $200K profit in just 1 month. He is good at trading $LINK, always buying low and selling high at the right time, and made more than $1M in the past. Detail below pic.twitter.com/HAk41AgX4s — Spot On Chain (@spotonchain) July 28, 2023 The trader ’s success can be traced back to long-term investments in LINK. Accumulating 321.599k $LINK at an average price of $1.8 in 2018 and 2019 laid the foundation for future gains. In 2022, additional investments in LINK were made, leading to a substantial profit of...

Bitcoin price gains take a hit from a rising U.S. dollar as excitement over the Fed's rate hike and market commentary fades. Bitcoin (BTC) headed toward $23,000 on Feb. 3 after a night of losses erased bulls’ latest progress. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar rebound halts crypto party Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $23,329 on Bitstamp. The pair had come off a second trip above the $24,000 mark at the Feb. 2 Wall Street open, with buyers failing to sustain momentum amid macro market volatility. In classic style for interest rate announcements by the United States Federal Reserve, an initial move was soon countered, with Bitcoin returning to its prior position. U.S. dollar index (DXY) 1-hour candle chart. Source: TradingView Conditions worsened thanks to a rebound in U.S. dollar strength, with the U.S. dollar index (DXY) putting in a conspicuous bounce, which it began to consolidate on the day. “On...