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SKR Delivers The 200% Rally Smart Money Was ‘Seek’ing — Yet Airdrop Sellers Lurk
Yahoo Finance· 2026-01-22 09:49
Core Insights - The SKR token has experienced a significant rally, increasing over 200% in the past 24 hours, currently trading near $0.041 after reaching highs close to $0.059, following a large Solana ecosystem airdrop [1] - Despite initial selling pressure from airdrop recipients, the price recovery indicates strong underlying support from smart money and whales, suggesting a speculative rally with structural backing [1][4] Selling Pressure and Exchange Dynamics - Exchange balances of SKR rose by approximately 51%, totaling about 380.9 million tokens, indicating that around 129 million SKR were moved to exchanges, likely for quick profits by airdrop recipients [2] - The initial selling pressure briefly pushed the price below the Volume Weighted Average Price (VWAP), which typically signals aggressive selling [2][3] Price Recovery and Support Levels - The price of SKR quickly reclaimed the VWAP, with the 9-period exponential moving average (EMA) providing support, indicating a strong short-term trend [5][6] - The 21-period EMA was not tested, suggesting that sellers were unable to induce deeper weakness, and the pullback was absorbed, reflecting controlled profit-taking rather than a trend breakdown [7] Accumulation by Smart Money and Whales - Non-exchange wallets accumulated more SKR than what was sold on exchanges, with the top 100 addresses (mega whales) adding approximately 144 million SKR, raising their total holdings to about 8.3 billion tokens [8] - Standard Seeker whale wallets increased their holdings by about 25.6 million SKR, totaling roughly 133.8 million tokens, while smart money wallets added 2.4 million SKR, marking a 32.5% increase in that cohort [9]
Jefferies Financial Group Just Dumped Bitcoin. Here's Why.
Yahoo Finance· 2026-01-22 09:40
Key Points The company's global head of equity strategy believes quantum computing could undermine Bitcoin's role as a form of digital gold. Older crypto addresses could be particularly vulnerable to quantum threats. There's disagreement about how big the quantum risk is and how soon it will arrive. 10 stocks we like better than Bitcoin › Christopher Wood, global head of equity strategy at Jefferies Financial Group, just cut Bitcoin (CRYPTO: BTC) from his model portfolio. Wood was early to the c ...
BitGo prices IPO above range at $2B valuation: why the listing stands out
Invezz· 2026-01-22 07:45
Core Insights - BitGo is set to become the first cryptocurrency company to list in the United States this year after pricing its initial public offering (IPO) above expectations, marking a significant milestone for the digital asset industry [1] Company Summary - BitGo's IPO pricing exceeded market expectations, indicating strong investor interest and confidence in the company's business model and growth potential [1] Industry Summary - The successful IPO of BitGo represents a pivotal moment for the cryptocurrency sector, potentially paving the way for more digital asset companies to pursue public listings in the U.S. [1]
X @Wu Blockchain
Wu Blockchain· 2026-01-22 06:44
Thailand's Securities and Exchange Commission (SEC) is preparing new regulations to support crypto ETFs, crypto futures trading, and tokenized investment products. SEC Deputy Secretary-General Jomkwan Kongsakul stated that Thailand plans to issue regulatory guidelines for crypto ETF establishment early this year, advance crypto futures trading on the Thailand Futures Exchange (TFEX) with market maker mechanisms, and recognize digital assets as an official asset class under the Derivatives Act. https://t.co/ ...
X @Crypto.com
Crypto.com· 2026-01-22 04:58
Frax ($FRAX) is now available for trading in the https://t.co/hcDm4vdblb App 🔔Purchase $FRAX easily with USD, EUR, and 20+ fiat currencies.Download the App to deposit and withdraw $FRAX via Fraxtal now!👉 https://t.co/NSsz0RJ1Z1For more details: https://t.co/4JEG5xmc4U@frax @fraxfinance ...
X @Lookonchain
Lookonchain· 2026-01-22 04:30
A week ago, a newly created wallet withdrew 700 $ETH($2.36M), 2M $USDT, and 1,000 $BNB($943K) from Cobo and began accumulating $我踏马来了.Over the past 6 days, it spent $323K to buy 15.4M $我踏马来了($549K) and is now sitting on an unrealized profit of $226K.https://t.co/P4xRH0dNem ...
X @Santiment
Santiment· 2026-01-22 00:44
👍 According to our social data, XRP has fallen into 'Extreme Fear' territory. Small retail traders have become pessimistic toward the #5 market cap cryptocurrency after a -19% drop since the high back on January 5th. Historically, this high level of bearish commentary leads to rallies. Prices move the opposite to retails' expectations more often than not. ...
X @Santiment
Santiment· 2026-01-21 23:50
😱 Few topics have caused more fear, uncertainty, and doubt (FUD) in the crypto world than tariffs. According to social data across X, Reddit, Telegram, & other platforms, cryptocurrency forums are discussing tariffs at a 3-month high.🤝 As of 3 hours ago, Trump called off his tariff threats against eight European countries after claiming that the framework of a Greenland deal has been made with NATO. Crypto markets saw an immediate small "buy the rumor" boost before beginning to fade. But don't be surprised ...
Popular health company rebrands after Nasdaq delisting threat
Yahoo Finance· 2026-01-21 23:44
Corporate Rebranding - KindlyMD, Inc. has changed its corporate name to Nakamoto Inc. to align its identity with its long-term strategy in the Bitcoin ecosystem [1] Industry Trends - In 2025, many companies transitioned to digital assets, following the model established by MicroStrategy, which began accumulating Bitcoin during the COVID-19 pandemic [2] - The trend of companies building digital asset treasuries (DATs) was popularized by MicroStrategy, leading others, including KindlyMD, to follow suit [3] Mergers and Acquisitions - KindlyMD merged with Nakamoto Holdings, marking a significant crossover between traditional enterprises and the digital asset ecosystem [4] Market Dynamics - Bitcoin experienced significant price fluctuations, particularly after political events, such as Donald Trump's return to the White House and subsequent tariff threats, which caused a flash crash [5][6] - The volatility of Bitcoin has led to concerns about delisting from stock indices, as seen with MicroStrategy facing threats from MSCI due to its Bitcoin holdings [6][7]