According to Lookonchain monitoring, a diamond hand trader has made a profit of 958,580 times by buying and holding PEPE, the trader has three wallets, spent only 0.041 ETH, worth about $83, bought 6.33 trillion PEPE, and has never sold it so far, and is currently worth about $79.4 million.

Analysts set a target price of $2.50 for SUI, which has previously risen 30% per week. Sui (SUI) is one of the most popular encryption assets in 2024, with significant market growth and large price fluctuations over the past year. After the price increase last week, the altcoin is currently in a consolidation phase. As usual, these consolidation trends have sparked a lot of speculation about the next price movement of the token. In his Saturday post, market analyst Michaël van de Poppe set a new target price for SUI based on its current bullish momentum. According to data, SUI has recorded a profit of 30.01% in the past seven days, making it the second-highest gainer in the cryptocurrency market on a weekly basis. Along with the price increase, the digital asset has reached a new all-time high of $2.28. However, Van de Poppe's prediction indicates that the altcoin will maintain its current upward trend and reach new highs between $2.30 and $2.50. However, looking at the daily chart of SUI, some indicators present a different view. For example, the price of the asset is significantly above its 100-day simple moving average, indicating that it may be overbought and may require a price adjustment. This position is further supported by the token's RSI, which is in the overbought zone. Overall, SUI is one of the best-performing tokens in 2024, with its overall price rising by 182.5% since the beginning of this year. However, for the first-layer assets, it has been a polarized market experience, with its value losing about 71.5% from April to August. Currently, the market sentiment around altcoins is generally bullish, and investors are confident in long-term profitability. Interestingly, analysts believe that SUI will be the diamond in the upcoming Bull Market and may replicate Solana's performance in 2021. If this prediction comes true, it could rise to $70 in the next 12-18 months. With the recent price increase, the open interest of SUI contracts has grown by 27.10% in the past 24 hours, reaching approximately 664.29 million US dollars. As a background, open interest measures the value of all active trading positions in the market, both long and short. Interestingly, the daily long/short ratio is currently 1.0665, indicating a slight increase in traders' confidence in the future price increase of SUI. The current SUI trading price is $2.22, up 9.62% in the past day. At the same time, the daily trading volume of the token has increased by 12.55%, and the Market Cap has reached 11.2 billion. (Data source: Semilore Faleti)

Gold Finance reported that according to Lookonchain monitoring, a "diamond hand" address sold SHIB after holding it for four and a half years, with a profit of 419 times. The address spent 2 ETH (equivalent to approximately $2,625 at the time) to purchase 48.09 billion SHIB on February 1, 2021, and just sold it at a price of 278.7 ETH (approximately $1.1 million).

According to Lookonchain's monitoring, after lurking for 4.5 years, a diamond-handed trader sold SHIB for profit. The trader spent 2 ETH (approximately $2625) to purchase 48.09 billion PEPE on February 1, 2021, and just sold it for 278.7 ETH, achieving a 419x return.

Odaily Planet News According to the news that "Magic Eden has allowed users to use Magic Tickets to exchange BCD points", many Magic Tickets holders have expressed that the number of 'BCD' points that can be exchanged for a single Magic Ticket is too low. As a result, the floor price of Magic Tickets has fallen to 0.474 SOL, a 24-hour decrease of 64.03%.

The Bitcoin crash caused short-term Bitcoin holders to panic and lose $2.6 billion As analyst James V. Straten explains in a new article on X, Bitcoin short-term holders showed signs of capitulation during the latest cryptocurrency price drop. A "short-term holder" (STH) is a BTC investor who has purchased their tokens in the last 155 days. STH makes up one of the two main segments of the market, the other being the "long-term holders" (LTH). According to statistics, the longer an investor holds a token, the less likely they are to sell it at any time. This means that when an asset crash or rally occurs, relatively novice STHs usually sell off quickly. LTH, on the other hand, usually exhibits elasticity and is only sold at specific points. One way to track whether these groups are selling or not is through the volume of transfers they send to exchanges. First, Figure One is a chart that shows the trend of Bitcoin transaction inflows for STH in the loss. As you can see in the chart, Bitcoin STH has transferred around $2.6 billion worth of tokens to exchanges over the past day, which means that some members of the group have capitulated. This time the increase was significant, but it was less than the loss-making events that occurred during the price drop after the BTC spot exchange-traded fund (ETF) was approved. These loss-making sellers may have been those who participated in the BTC rally and broke through the all-time high of $69,000 as a result of FOMO, but their convictions were not strong enough to withstand the massive collapse that BTC soon observed. In the recent price swings, STH is not the only group exiting the market. LTH also appears to have made some sell-offs. The difference, however, is that these holders have already made a profit. Recent data on the volume of transactions of profitable LTH shows that Bitcoin LTH participated in the largest profit-taking event since July 2021, transferring $1.5 billion worth of tokens to exchanges. As a result, the recent volatility seems to have shaken the faith of some diamond holders, who at least still made a profit. Bitcoin is currently trading around the $65,800 mark, up 8% over the past week. (Source: Keshav Verma)

Long-term Bitcoin holders earn an average of 55% of their profits On-chain data shows that long-term Bitcoin holders (so-called HODLers) currently have an average unrealized profit of 55%. The metric of interest here is the Net Unrealized Profit/Loss (NUPL), which tracks the difference between the unrealized profit and loss currently held by Bitcoin investors. By "unrealized", we mean that the profit or loss has not been reaped because the investor holding the asset has not yet transferred their BTC to the Blockchain. Once the holder eventually transfers the Token, the profit/loss they hold is "realized". In the context of the current discussion, only NUPL in a specific market segment is relevant: long-term holders (LTH). LTH is a Bitcoin holder who has kept their Bitcoin dormant on the network since at least 155 days ago. These are the "BCD hands" in the market, who are known to hold during both rising and downtrends and will only sell during major market events. "This includes periods when the market sets a new ATH, around the top and bottom of the cycle, and periods when the market structure changes significantly (such as Mt Gox, Halving, and now the launch of Spot ETFs)," the analyst firm explains. ” Figure 1 chart shows the historical trend of Bitcoin LTH NUPL in this asset. With the significant spike in Crypto AssetsSpot prices, Bitcoin LTH NUPL has risen over the past few months. "This indicator reached 0.55 this week, which is a meaningfully positive figure that gives long-term investors an average of 55% of unrealized profits," the report states. Interestingly, Bitcoin has seen some resistance near this level in the past. As highlighted in the chart, the bulls had trouble during August 2012, June 2016, July 2019, and August 2020. In all of these cases, the peaks that eventually formed were only local tops, except in July 2019, when the rebound of the recovery cycle reached a peak that BTC could not surpass for quite some time. Generally, investors who make a profit are more likely to sell their Tokens. The higher the yield they hold, the more attractive profit-taking will be. Therefore, it is not surprising that LTH, which holds huge profits, has led to selling pressure in the market in previous cycles. As its supply data indicates, LTH has indeed been involved in some sell-offs recently. Since hitting an all-time high in November, the supply of Bitcoin LTH has now dropped by 75,000 BTC, while the opposite group, short-term holders (STHs), has naturally gained some share. "While 75k BTC is a meaningful number, it should also be viewed in the context of the total LTH supply accounting for 76.3% of the Money Supply in circulation," the report said. ” Bitcoin has continued its recent sideways trend over the past day and is currently hovering around $42,600. (Source: Keshav Verma)

Jinshi data news on June 9th, the British Ministry of Defense said on Sunday that the Houthi armed forces in Yemen claimed that their statement about launching a ballistic missile at a British destroyer in the Red Sea was false. Earlier, although the Houthi armed forces did not say whether their claimed attack on the Diamond caused any damage, they described the attack as "accurate." A spokesman for the British Ministry of Defense said, "These claims are untrue."