News

PANews reported on January 8th, according to Onchain Lens monitoring, in the past 24 hours, two whales have collectively bought $2.21 million worth of SONIC.- Whale 1: Spent 1.17 million USDT to buy 977,323 SONIC at an average price of $1.20.- Whale 2: Spent 4,858 SOL (worth $1.04 million) to buy 1.18 million SONIC at an average price of $0.88.

ChainCatcher news, according to the official website, Nexo's latest Dispatch report discussed the recent crypto market:   Bitcoin: Bitcoin reaching $100,000 could become a key support area. The inflow of $2 billion into spot ETFs in early January further consolidated this support level. Historical trends suggest that Bitcoin may rise further in January, having previously risen 20-30% during this period. The report also noted that institutional investors such as MicroStrategy will continue to increase their holdings of Bitcoin.   Ethereum: Due to the increasing number of long-term holders (currently accounting for over 75% of investors) and strong inflows into spot ETFs, coupled with high leverage in the futures market, it indicates an optimistic attitude towards this asset by 2025. Ethereum is also expected to grow.   Solana: At the beginning of 2025 due to a surge in market activity faces potential resistance; its development trajectory remains uncertain. Although technical indicators show bullish momentum, there might be sell-offs.   Meanwhile, the broader cryptocurrency market faces volatility due to billions of dollars worth token unlocking this month. It is expected that daily releases from assets like Solana and Dogecoin (DOGE) will affect short-term price trends.   The report emphasizes that some macroeconomic factors such as US labor market statistics are important factors affecting demand for cryptocurrencies especially for bitcoin.