Whether Trump’s memecoin pushes crypto in the ‘right direction’ remains unclear
Only time will tell if Donald Trump’s memecoin was a good move in his plan to push crypto during his upcoming US presidential term.
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Only time will tell if Donald Trump’s memecoin was a good move in his plan to push crypto during his upcoming US presidential term.
The program will last for 30 days and points will be convertible to Arkham’s native token, ARKM.
Analysts expect crypto products to proliferate after Republican presidential candidate Donald Trump’s Nov. 5 US election win.
According to onchain analytics firm Arkham Intelligence, the malicious address currently holds approximately $13 million in assets.
Tesla’s massive Bitcoin transfers initially sparked fears of a market dump, but Arkham’s data suggests the assets are still under the firm’s control.
After the latest $630,000 transfer, the Bitcoin whale has now sent $5.47 million worth of Bitcoin to Kraken in the last two months.
Before the mass transfers, Tesla’s Bitcoin wallet had remained dormant since June 2022.
Arkham Intelligence’s token, ARKM, is up more than 16% on the news, according to CoinGecko.
The mysterious Bitcoin whale has now sent $3.58 million worth of Bitcoin to Kraken’s crypto exchange, Arkham Intelligence said.
In 2020, the Ethereum Foundation sold 100,000 ETH, and the price surged over 500% in the months following. There’s no telling what will happen this […]
