In the fast-paced world of technology startups, stories of unexpected success resonate deeply, much like the sudden surges seen in the cryptocurrency market. The journey of Rork founders Levan Kvirkvelia and Daniel Dhawan is one such incredible tale, moving from the brink of financial ruin to securing significant startup funding, proving that sometimes, all it takes is the right moment and a little bit of virality. From Broke Founders to Viral Startup Success Imagine being deep in debt, having exhausted your savings, and one founder even sleeping on a friend’s floor. This was the reality for Kvirkvelia and Dhawan just months ago. They had poured everything into their venture, facing mounting credit card debt ($15,000 each) as they developed Rork, an innovative platform for No-Code App Development . Their goal was ambitious: enable anyone, regardless of technical skill, to build mobile applications using simple text prompts. After months of work and a crucial pivot from web coding to mobile, they launched Rork on February 12th with little fanfare. They were truly the underdogs, as Dhawan described their precarious financial state. The Tweet That Changed Everything for Rork AI While their initial launch tweet gained some traction, the real turning point arrived on February 24th. Amidst online discussion about a competitor’s product, angel investor Matt Shumer, co-founder of OthersideAI, posted about Rork on X (formerly Twitter). Shumer had tried Rork and was genuinely impressed, especially considering his prior small investment. His tweet was powerful and direct: “My jaw just DROPPED.” Described Rork enabling “entire iOS apps just by describing them! Zero. Code. Required.” Stated it “changes everything for app development.” Declared, “Rork blows Bolt out of the water.” Included a video demonstration. This single post went viral, viewed over 1 million times. Usage of Rork AI skyrocketed instantly. However, this sudden success presented a new challenge: the cost of running the AI backend was high, forcing the founders to rack up even more personal debt to keep the service operational. The Funding Frenzy Begins The viral tweet acted like a beacon for investors. Within 15 minutes of Shumer’s post blowing up, Austen Allred invested $100,000. By the end of that first day, Founders Inc. and Hustle Fund’s Elizabeth Yin were also ready to commit, leading to approximately $350,000 in initial funding. This immediate influx was critical, pulling the founders back from the financial edge. This marked the beginning of their Startup Funding Story . Warm introductions to other angels and venture capitalists followed rapidly. This wasn’t their first rodeo; both founders, now 25 and 27, had built successful mobile apps since their teens. However, previous ventures hadn’t prepared them for this level of sudden, explosive growth and the associated financial demands. Landing a Spot in a16z Speedrun Among the new angels was someone connected to Andreessen Horowitz (a16z). This connection led to an introduction to Andrew Chen, the general partner leading a16z’s new 12-week mentorship program, a16z Speedrun . This program is designed for early-stage startups and includes significant credits from partners like AWS, Google Cloud, and OpenAI, along with typical investments of up to $1 million. Chen reached out, but Dhawan, already having a pre-seed term sheet, didn’t immediately accept. Determined not to miss out on Rork’s potential, Chen quickly orchestrated a competitive offer from a16z. The Rork founders accepted, securing a substantial $2.8 million seed round led by a16z Speedrun, with continued participation from early backers like Hustle Fund, ChapterOne, and Founders Inc., alongside notable angels. Chen praised the founders, highlighting their technical depth and understanding of mobile development and distribution as key factors in their ability to build Rork quickly. They are set to join the a16z Speedrun cohort beginning in late July. Beyond Funding: Real-World Success The funding is a significant milestone, but Rork’s success is also reflected in its user adoption and revenue. Just two months after the viral tweet, the two-person team hit an impressive $550,000 Annual Recurring Revenue (ARR). This demonstrates strong market validation for their No-Code App Development platform. For Daniel Dhawan, this journey also means practical improvements: he’s no longer sleeping on a friend’s floor but has his own apartment. The Rork story is a powerful reminder that innovation, persistence, and sometimes a little luck amplified by a viral moment can lead to remarkable outcomes, transforming a desperate situation into a thriving venture backed by top-tier investors like a16z. To learn more about the latest AI market trends, explore our article on key developments shaping AI features.
Although BTC failed at $100,000 and the broader market faced a minor 2.1% pullback, U.S. President Donald Trump has doubled down on his pro-crypto stance, calling the asset class “very popular,” “very hot,” and even “much stronger” than the stock market. The comments were made in a May 4 sit down with Meet the Press moderator Kristen Welker, where Trump fielded questions about his personal crypto holdings, the recent surge of his namesake meme coin, and his administration’s crypto policy stance among others. Trump’s Crypto Endorsement When asked about the surprising 58% surge in the TRUMP token’s value following an exclusive dinner invitation to top holders, the President quipped, “I don’t even know that. What did it surge to?” After Welker clarified the price had spiked a lot, Trump scoffed: “Billion dollars?” before brushing off the metric entirely: “Well, that doesn’t mean anything.” Last week, reports emerged that the uptick in the meme coin’s price may have been engineered, with on-chain data showing large transfers to centralized exchanges. It led many in the community to suspect the team behind the token may have been executing a “ pump and dump ” move post-dinner invitation. Trump, however, denied profiting from the token, stating bluntly: “I’m not profiting from anything.” Despite the controversy, what stood out in the interview was Trump’s clear endorsement of crypto’s relevance on the global stage. “I want crypto. I think crypto’s important because if we don’t do it, China’s going to.” he declared. He further stressed their staying power, saying, “It’s very popular, it’s very hot,” while suggesting the assets had performed better than the mainstream market during the recent slump triggered by a tariff clash between the U.S. and its major trading partners. “If you look at the market, when the market went down, that stayed much stronger than other aspects of the market.” Trump also admitted that his about turn on crypto was because the sector had become very popular. “Millions of people want it,” declared the politician. The billionaire businessman’s praise of cryptocurrencies came amid reports that a company affiliated with him, Trump Media & Technology Group, is looking to embed crypto into its business model. BTC Holds the Line Meanwhile, BTC, the king cryptocurrency, jumped to $98,000 last Friday before failing to sustain the momentum and slipping back below $96,000 over the weekend. The pullback followed a brief run-up from the $93,000–$95,000 consolidation zone that had held strong throughout late April. Currently trading at $94,666, Bitcoin’s daily volume remains strong, with the last 24 hours seeing about $19.5 billion changing hands as its market dominance stayed above 60%. The post Trump Champions Crypto: Calls It ‘Very Hot’ Amid Market Crash Resilience appeared first on CryptoPotato .
In a space where timing defines legacy, two tokens are generating investors’ attention— MAGACOINFINANCE and XRP . From historical surges to early-stage hype, the question isn’t just about what to buy, but when to enter. And right now, smart investors are laser-focused on the moment—and the momentum. MAGACOINFINANCE is already showing signs of early dominance. With strong organic growth and ongoing analyst chatter, it’s proving to be more than another fleeting trend. It’s quietly becoming a serious contender—and the markets are noticing. MAGACOINFINANCE Is Gaining Steam While Others Stall Not every token deserves your attention—but this one does. MAGACOINFINANCE is building with consistency: growing wallet adoption, investor retention, and traction across key channels. MAGACOINFINANCE is taking a focused, execution-driven approach—building a utility-first, community-backed ecosystem. That alone sets it apart from countless short-cycle projects looking for quick exits. And now, with XRP also back in the spotlight following bullish ETF sentiment, both tokens are positioned to benefit from a broader shift toward early-entry, high-conviction investments. Other Solid Projects—But With Limited Early Entry: Uniswap, Polkadot, Bitcoin Cash, and Litecoin Uniswap remains a force in decentralized trading—but its upside is now baked into its size and market maturity. Polkadot continues to innovate around cross-chain tech, but it’s on a slower-growth path tied to infrastructure. Bitcoin Cash has use-case strength in peer-to-peer payments, yet its best moments may be in the rearview. Litecoin, though a staple of low-cost, high-speed transactions, is no longer an emerging opportunity. These tokens are battle-tested, but no longer early plays. In contrast, MAGACOINFINANCE still offers ground-floor exposure—something XRP had in its early years and could now be seen again with renewed energy. Summary Can $820 become $1.5 million ? With the right token and the right entry, history says it’s possible. Both MAGACOINFINANCE.COM and XRP have the structure, sentiment, and setup to deliver on that kind of vision. But timing is everything—and early windows don’t stay open for long. To learn more about MAGACOINFINANCE, please visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Continue Reading: Why Ethereum, Solana, and XRP Holders Are Bracing for Major Volatility in May 2025
The world of cryptocurrency offers exciting opportunities, but it also attracts bad actors. Recent news highlights a disturbing intersection of organized crime, cyber fraud, and digital assets. The U.S. Treasury Department has taken significant action, imposing U.S. sanctions on a Burmese militia group known as the Karen National Army (KNA) and its leaders. The severe allegations? Running large-scale crypto scams , including sophisticated schemes that have reportedly targeted and defrauded U.S. citizens of their hard-earned funds. What Are These Crypto Scams and Who is the KNA? At the heart of the U.S. Treasury’s action is the accusation that the KNA, a militia group operating in Myanmar, has diversified its activities from traditional conflict into high-tech criminality. They are accused of establishing and operating massive cyber scam operations. These operations are reportedly run from converted hotels and casinos in Myanmar, turning these venues into hubs for transnational crime. The KNA is a non-state armed group that has been involved in Myanmar’s complex internal conflicts for decades. However, according to the U.S. Treasury, elements within the KNA have pivoted towards exploiting the digital landscape, using it as a new frontier for illicit financial gain through various forms of cybercrime . Delving into the Pig Butchering Scam One of the primary methods allegedly employed by the KNA-linked operations is the notorious pig butchering scam . This type of fraud is particularly insidious and financially devastating for victims. Here’s a quick breakdown of how it typically works: Initial Contact: Scammers make contact, often through dating apps, social media, or messaging platforms, using fake profiles (usually posing as attractive, successful individuals). Building Trust: They spend weeks or months building a seemingly genuine relationship with the target, grooming them emotionally. This is the ‘fattening the pig’ phase. Introducing the ‘Investment’: Once trust is established, they introduce a seemingly lucrative investment opportunity, often in cryptocurrency or foreign exchange, using a fake trading platform or app. Small Gains: The victim is encouraged to invest a small amount and sees initial ‘profits’ on the fake platform, building confidence. Encouraging Larger Investments: The scammer pushes the victim to invest increasingly larger sums, promising higher returns. The ‘Slaughter’: When the victim tries to withdraw their funds or profits, they are met with excuses, demands for exorbitant ‘fees’ or ‘taxes,’ and eventually, the scammer disappears, taking all the invested money. These scams require significant human resources for the initial ‘grooming’ phase, often involving victims of human trafficking forced to work in scam centers, which further highlights the depravity of the groups running them. How Does Cryptocurrency Theft Factor In? Cryptocurrency plays a crucial role in these operations for several reasons, making cryptocurrency theft a key component of the KNA’s alleged activities: Pseudonymity: While not entirely anonymous, cryptocurrency transactions can be harder to trace than traditional bank transfers, allowing criminals to move stolen funds across borders relatively easily. Global Reach: Crypto allows seamless cross-border transfers, essential for scam operations targeting victims worldwide, including U.S. citizens. Difficulty in Recovery: Once cryptocurrency is transferred to a scammer’s wallet, recovering it is extremely difficult, often impossible, for law enforcement and victims. Liquidity: Stolen crypto can be quickly converted into other assets or fiat currency through various exchanges, helping criminals launder their gains. The U.S. Treasury specifically called out cryptocurrency theft as one of the means by which the KNA-linked groups operate, underscoring the direct financial harm inflicted upon victims through the misuse of digital assets. Why Did the U.S. Impose Sanctions? The decision to implement U.S. sanctions against the KNA stems from a commitment to combatting transnational organized crime and protecting American citizens. The U.S. government views these cyber scam operations, particularly those involving the exploitation of vulnerable individuals through schemes like the pig butchering scam , as a serious threat. Targeting groups like the KNA aims to disrupt their financial networks and operational capabilities. By blocking their access to the U.S. financial system and prohibiting interactions with U.S. entities, the sanctions make it harder for the KNA and its leaders to move or hide their illicit gains, including those derived from cryptocurrency theft and other forms of cybercrime . The Impact of U.S. Sanctions on the KNA The immediate effect of these U.S. sanctions is significant, at least in theory. Any assets belonging to the KNA or its sanctioned leaders that are within U.S. jurisdiction are frozen. Furthermore, U.S. persons (citizens, residents, or entities) are generally prohibited from engaging in transactions with the sanctioned parties. This includes providing funds, goods, or services to them, or receiving anything of value from them. While the KNA primarily operates outside the U.S., interaction with the global financial system often touches upon U.S. correspondent banks or dollar-denominated transactions. The sanctions aim to sever these links, complicating the KNA’s ability to conduct international business and potentially impacting their access to resources needed to fund both their militia activities and their alleged criminal enterprises. Beyond Crypto: Other Cybercrime Activities The U.S. Treasury’s statement indicates that the KNA’s alleged criminal network is involved in more than just crypto scams and cryptocurrency theft . They are also accused of facilitating other forms of transnational crime, most notably human trafficking. As mentioned earlier, the scam centers often rely on individuals who have been trafficked and forced into labor, running the fraudulent online interactions under duress. This connection highlights the brutal human cost behind these sophisticated digital crimes. This broader involvement in cybercrime and human trafficking underscores the complex and multi-faceted nature of the threats posed by such groups operating in regions with limited governmental control or rule of law. How Can You Protect Yourself from Crypto Scams? Given the prevalence of schemes like the pig butchering scam and the risk of cryptocurrency theft , staying vigilant is crucial. Here are some actionable insights to protect yourself: Be Skeptical of Unsolicited Contact: Be extremely wary of investment advice or opportunities presented by people you only know online, especially those who initiate contact. Research Thoroughly: Before investing any money, especially in crypto, research the platform, the opportunity, and the people involved independently. Check official regulatory websites. Never Share Private Keys: Your cryptocurrency wallet’s private keys are the keys to your funds. Never share them with anyone. Verify Investment Platforms: Scammers use fake platforms. Check if the platform is registered with relevant financial authorities. Look for reviews, but be aware that fake reviews exist. Avoid Guarantees: High, guaranteed returns are a major red flag. All investments carry risk, and legitimate opportunities do not promise guaranteed profits. Be Wary of Pressure: Scammers often create a sense of urgency or pressure you to invest quickly or increase your investment. Use Strong Security: Enable Two-Factor Authentication (2FA) on all your crypto accounts and exchanges. Use strong, unique passwords. Educate Yourself: Understand how cryptocurrency works before investing. The less you understand, the more vulnerable you are. If you believe you have been a victim of a crypto scam , report it immediately to law enforcement (like the FBI or FTC in the U.S.) and relevant financial regulatory bodies. The Global Fight Against Cybercrime The U.S. sanctions against the KNA are part of a larger global effort to combat cybercrime that transcends borders. Governments and international organizations are increasingly focusing on disrupting the financial infrastructure that enables these crimes, whether it involves traditional banking or digital assets. Collaboration between countries, information sharing, and targeted actions like sanctions are essential tools in this fight. While challenging, especially when dealing with groups operating in complex geopolitical environments, these efforts aim to make the digital space safer for everyone. Challenges in Combating Cryptocurrency Theft Rings Despite efforts like the recent U.S. sanctions , combating sophisticated rings involved in cryptocurrency theft and other crypto scams faces several challenges: Jurisdictional Issues: Criminals operate across borders, making it difficult for law enforcement in one country to investigate and prosecute those in another. Anonymity/Pseudonymity of Crypto: While blockchain is transparent, identifying the real-world individuals behind wallet addresses remains a hurdle. Rapid Technological Change: Scammers quickly adapt their methods and technologies, requiring constant vigilance and evolving countermeasures. Lack of Victim Reporting: Many victims, feeling shame or embarrassment, do not report the crime, making it harder for authorities to track the scale of the problem and gather evidence. Enforcement in Difficult Regions: Applying pressure or conducting operations in regions controlled by non-state actors like the KNA is inherently complex and dangerous. Nevertheless, actions like the U.S. Treasury’s sanctions send a strong message and can help to isolate and weaken these criminal networks. Conclusion The U.S. Treasury’s sanctioning of the Karen National Army and its leaders over alleged involvement in large-scale crypto scams , including the devastating pig butchering scam and direct cryptocurrency theft , highlights the serious threat posed by organized cybercrime groups. Operating from bases like retrofitted casinos, these networks exploit vulnerable individuals globally, causing significant financial and emotional harm. The U.S. sanctions aim to cut off the KNA’s access to the U.S. financial system, complicating their ability to profit from these illicit activities. While the fight against such sophisticated digital crime is ongoing and challenging, vigilance, public awareness, and international cooperation remain our strongest defenses. Protecting yourself by understanding the methods of these scams and exercising caution online is more critical than ever in the evolving landscape of digital finance. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action .
Brett (@Brett_Crypto_X), a well-known crypto expert, has highlighted a key setup in the XRP/BTC trading pair, suggesting that XRP may soon see a substantial move against Bitcoin. In a recent post on X, Brett shared a chart using monthly candlesticks showing a classic Bollinger Band squeeze forming. This squeeze often precedes massive spikes in volatility, and according to the analyst, XRP could soon experience a 30% breakout against BTC. $XRP on Verge of Big 30% Breakout vs Bitcoin Bollinger Bands have narrowed considerably on the XRP/BTC chart. This kind of squeeze usually hints that a breakout could be just around the corner. pic.twitter.com/crjtfdd08K — Brett (@Brett_Crypto_X) May 4, 2025 Bollinger Band Squeeze Nears Breaking Point The chart Brett shared illustrates how XRP has spent several months consolidating after a strong rally in late 2024. The Bollinger Bands, which measure volatility, were wide during this period, but have narrowed significantly, pointing to an upcoming breakout. Brett’s chart points to a pattern similar to that seen in November 2024, when XRP began a sharp upward move after an extended period of low volatility. The tightening bands contributed to the surge after former SEC Chair Gary Gensler announced his resignation . Now that these bands are tightening, a similar surge may be coming. These bands have compressed steadily since late March, indicating reduced volatility. Historically, such tightening in the bands has preceded sharp directional moves, and Brett’s projection suggests the next move could favor XRP. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 What to Expect from XRP Brett’s chart also shows that the 20-period simple moving average, which serves as the basis line of the Bollinger Bands, has flattened. This is another sign that the price is in consolidation. The candles from March to May also have small bodies, reflecting limited price action and reinforcing that a larger move may be ahead. Brett’s chart shows XRP stabilizing near the 0.000023 BTC level, with the most recent candles closing just below the basis line of the Bollinger Bands. The analyst did not attribute the potential breakout to any specific external catalyst. Instead, his observation is purely technical. The digital asset currently trades at $2.15, and applying the potential 30% increase would send it to $2.795, its highest level since early March 2025. The precedent set in late 2024, when a similar setup led to strong gains for XRP, appears to be the foundation for his current outlook. Analysts have consistently predicted growth for XRP against Bitcoin , and this Bollinger Band squeeze could contribute significantly to this growth if the breakout happens. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP on Verge of Big 30% Breakout vs Bitcoin: Here’s What Bollinger Bands Say appeared first on Times Tabloid .
Global corporate treasury investments in Bitcoin (BTC) could rise to $330 billion by the end of 2029, according to a new research report from brokerage firm Bernstein. Bernstein’s analysts, led by Gautam Chhugani, predict that public companies will significantly increase their Bitcoin holdings over the next five years, led by MicroStrategy, the largest institutional holder of BTC. Under Bernstein’s bullish scenario, MicroStrategy could add another $124 billion worth of Bitcoin to its balance sheet. The company, chaired by staunch Bitcoin advocate Michael Saylor, recently filed for a $21 billion intra-market stock offering aimed at acquiring even more Bitcoin. MicroStrategy also announced last week that it purchased 1,895 BTC for $180.3 million. Related News: Big Whales' Stance on Altcoins Revealed: Are They Long or Short? “The pro-crypto regulatory regime in the United States has further accelerated the growth of institutional ownership of Bitcoin,” the report said, citing favorable conditions for institutional participation in digital assets. Beyond MicroStrategy, Bernstein estimates that smaller, growth-constrained public companies could collectively contribute about $205 billion in Bitcoin purchases as they seek to adopt similar treasury strategies. Currently, public companies own 720,000 BTC, around 2.4% of the total Bitcoin supply. However, the report notes that “Strategy’s scale is difficult to emulate,” noting that it would be difficult for most firms to emulate MicroStrategy’s scale and success. *This is not investment advice. Continue Reading: Research Firm Bernstein Makes Important Bitcoin (BTC) Prediction: “By 2029…”
ChatGPT-maker OpenAI has abandoned plans to become a for-profit company and reaffirmed commitment to its nonprofit status. In a May 5 blog post, OpenAI confirmed plans to convert its for-profit business unit into a so-called Public Benefit Corporation (PBC), which would remain under the nonprofit’s control. PBCs are for-profit companies that are legally obligated to prioritize a social mission alongside the interests of shareholders. The plans mark a reversal for OpenAI, which had previously floated a for-profit conversion involving spinning out the nonprofit entity. “OpenAI was founded as a nonprofit, and is today overseen and controlled by that nonprofit. Going forward, it will continue to be overseen and controlled by that nonprofit,” the ChatGPT-maker said. This can be done without compromising OpenAI’s ability to raise funds for AI development, which “currently requires hundreds of billions of dollars and may eventually require trillions of dollars,” OpenAI’s CEO, Sam Altman, said in a letter to employees announcing the decision. In 2024, OpenAI took a starkly different view, asserting that the for-profit entity was “necessary” for raising capital to amass the “vast quantities of compute” needed to run AI models. OpenAI’s May 5 governance announcement. Source: OpenAI Related: OpenAI expects to 3X revenue in 2025 but Chinese AI firms are heating up Controversial Plans OpenAI was originally founded as a nonprofit in 2015, and in 2019 it created a for-profit entity purportedly to help AI developers raise funds. The for-profit unit has remained under the nonprofit’s control since then. In 2024, Tesla CEO Elon Musk — one of OpenAI’s cofounders — sued Altman for allegedly “violating terms of Musk’s foundational contributions to the charity,” according to a November court filing. In the lawsuit, Musk alleges Altman “assiduously manipulated Musk into co-founding their spurious nonprofit venture, OpenAI,” while secretly planning to convert OpenAI to a for-profit entity. Musk has since launched xAI, the developer of AI chatbot Grok, which he said has fallen victim to OpenAI’s allegedly anti-competitive practices. OpenAI’s leadership expects its revenue to hit $29.4 billion by 2026, Bloomberg reported in March. It forecasts earning revenues of $12.7 billion in 2025. In March, OpenAI raised $40 billion from Softbank at a $300 billion valuation. Magazine: Bitcoin to $1M ‘by 2029,’ CIA tips its hat to Bitcoin: Hodler’s Digest, April 27 – May 3
Ever wonder what the big players in the crypto market are up to? Tracking the moves of a crypto whale – individuals or entities holding substantial amounts of cryptocurrency – can offer valuable insights into potential market trends. Recently, the spotlight is on a particular whale who has made a significant splash by accumulating a massive amount of the AVA token . Who is This Mysterious Crypto Whale Accumulating AVA Token? According to observations shared by blockchain analytics firm Lookonchain on X (formerly Twitter), a notable whale trader has been actively accumulating the AVA token . This isn’t just a small purchase; we’re talking about a substantial move that has caught the attention of market watchers. Here’s the lowdown on their recent activity: Accumulation Period: Over the past 20 days. Amount Accumulated: A staggering 29.58 million AVA tokens. Total Investment Cost: Approximately $2.1 million spent on these tokens. This aggressive buying strategy demonstrates a strong conviction in the future prospects of the AVA token from this particular large holder. Understanding the Significance of Whale Accumulation Why is tracking whale accumulation so important in the cryptocurrency world? Think of whales as the market’s giants. Their large trades can significantly influence price movements, liquidity, and overall market sentiment. When a whale makes a large purchase, it can signal a few things: Strong Belief: The whale likely has high confidence in the asset’s future price increase. Potential Demand: Their buying pressure adds demand to the market, which can help stabilize or push prices up. Market Indicator: Other traders often watch whale movements as a potential indicator of where the market might be heading. This specific instance of whale accumulation in AVA highlights that some major players see significant potential in the token, despite broader market conditions. Tracking Large Crypto Positions: What Does it Mean for AVA? Holding a large crypto position comes with significant potential rewards, but also risks. For this whale, their $2.1 million investment has already seen a substantial return, at least on paper. The current value of their 29.58 million AVA tokens stands at approximately $2.44 million. This means the whale is sitting on a considerable unrealized profit: Metric Value Total Cost $2.1 million Current Value $2.44 million Unrealized Profit $1.12 million Yes, you read that right – a cool $1.12 million in crypto profit that hasn’t been locked in yet. This substantial unrealized gain underscores the potential upside when a whale’s conviction pays off. For the AVA token itself, having such a large holder could be a double-edged sword. While their accumulation can provide price support, the possibility of them eventually selling their large crypto position could lead to significant downward price pressure. Lessons from a Crypto Profit: What Can We Learn? The whale in question isn’t new to making significant returns. Lookonchain’s report also mentioned this trader previously earned over $7.5 million trading another token, FARTCOIN. While the name is certainly attention-grabbing, the key takeaway is this whale has a history of identifying opportunities and executing trades that result in substantial crypto profit . What lessons can average traders glean from this? It’s not about blindly following whales, as they can sell at any time. However, observing whale accumulation and tracking large crypto position movements can be a valuable part of market analysis. Tools and platforms like Lookonchain provide transparency into these large on-chain transactions, allowing the public to see where the big money is moving. It serves as a reminder that conviction, timing, and significant capital can lead to impressive gains in the volatile crypto market. But always remember to do your own research and understand the risks involved. Conclusion: Watching the AVA Whale’s Next Move The recent whale accumulation of 29.58 million AVA token s, resulting in a $1.12 million unrealized crypto profit on a large crypto position worth $2.44 million, is a significant development. It highlights strong bullish sentiment from a major player and provides a fascinating case study in tracking large capital flows. Whether this whale decides to hold for further gains or eventually take profits remains to be seen. But for now, their successful AVA play serves as a compelling example of the potential rewards in the crypto market for those with deep pockets and sharp trading instincts. Keeping an eye on this whale’s address could provide further clues about the future trajectory of the AVA token. To learn more about the latest crypto market trends, explore our article on key developments shaping crypto market price action.
DeFi Development Corp. (Nasdaq: DFDV), a real-estate software firm and Solana-focused treasury company, announced Monday it has agreed to acquire a Solana validator business with an average delegated stake of 500,000 SOL ($75.5 million) for $3.5 million. $3.5M Deal: DeFi Development Corp. Bolsters Solana Treasury Strategy The deal, according to the release published on Monday,
In his latest video, the market commentator known as CryptoInsightUK laid out a multi-step argument for why XRP could “very realistically go to $10 plus this cycle — and potentially into the $20-to-$30 range.” The analyst combined macro-asset rotation, historical dominance patterns and a series of back-of-envelope calculations to contend that most investors are still underestimating the token’s upside. Why $10 Per XRP Is The Start The crypto pundit began with a brief look at Bitcoin liquidity, predicting that a build-up of short positions could generate “a very likely squeeze up to $103,000” before any near-term correction. But he quickly pivoted to the long-form case for altcoins — and XRP in particular — arguing that the broader environment of currency debasement has already lifted traditional hedges such as gold and equities well beyond their 2017 levels. “Gold was at $1,200 an ounce and is now at $3,200 the S&P was at 233 and is now at 566,” he said, emphasising that both assets “trend in the same direction, at least against the dollar.” Related Reading: Crypto Pundit Debunks $100,000 XRP ‘Dark Pool’ Theory That inflation in nominal asset values, he suggested, sets the stage for a capital rotation into crypto. “17% of twenty-two trillion,” he calculated — a hypothetical pullback in the gold market — “could easily add on to the crypto market cap […] and that would push Bitcoin up to $180,000 to 220,000.” The linchpin of his XRP thesis is the historical relationship between Bitcoin’s share of total crypto capitalisation (“Bitcoin dominance”) and XRP price performance. Displaying overlaid charts, he noted that in 2017 a 47% fall in dominance coincided with an “11x” rise in XRP, and that in 2021 a 46% fall aligned with a 600 percent gain despite the overhang of the Ripple vs. US Securities and Exchange Commission lawsuit. “XRP is one of the major gainers when Bitcoin dominance is falling,” he asserted, adding that a fresh 40% draw-down — merely a return to the lower boundary of the long-term range — would, on past ratios, imply an XRP move to roughly $16. A deeper slide toward 25% dominance would, by the same arithmetic, yield “that $36-to-$37 target.” Related Reading: XRP Poised For Final Flush Before Breakout, Predicts Crypto Analyst He repeatedly cautioned that his figures were illustrative rather than “definitively correct”, yet, he pushed back against objections that such price projections would require an impossibly large market capitalisation. Citing the tripling of gold’s market value since 2017 and a surge in US sovereign debt to $36 trillion, he argued that absolute numbers should not deter analysis: “Market cap shouldn’t stop you from making what a lot of people are calling outrageous claims to price.” CryptoInsightUK framed this stance as technical rather than narrative driven. His overlay of XRP dominance on Bitcoin dominance highlighted what he called a “very correlated inversely” pattern in which XRP rallies compress into short, explosive windows once Bitcoin’s share begins to ebb. “XRP does its moves really quickly,” he warned, urging viewers not to let “emotional bias” or dislike of the asset blind them to historical precedent. At press time, XRP traded at $2.13. Featured image created with DALL.E, chart from TradingView.com