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Altcoins Pumping With Bitget, Hedera Among Top Gainers as Best Wallet Raises $5.5M in Token ICO

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The broader crypto market is slightly recovering after its market cap dropped from $3.77 trillion to $3.13 trillion between December 17th and 20th.

Today, the crypto market cap stands at $3.31 trillion, but Hedera (HBAR) and Bitget (BGB) are some of the few tokens that stand out in a sea of red. Both are up over 20% in the last day.

However, established coins lack the explosive potential of tokens that are gearing up for launch, and Best Token (BEST) is grabbing attention as its presale gains momentum. With over $5.5 million raised and a unique role in Best Wallet’s ecosystem, it stands a solid shot at making significant gains on launch.

Bitget Secures a Strategic Partnership With TRON, Hedera Seeks to Transform Consumer Engagement

Bitget is already a top-tier exchange with a customer base of more than 45 million users and a daily volume that exceeds $10 billion. Its native token, BGB, is now recording new highs following a strategic partnership with TRON, which revolves around TRON’s meme coin launchpad, SunPump.

The partnership will see Bitget’s support for projects launched on SunPump, such as expedited listings and post-listing marketing, which can increase the visibility of these coins and allow Bitget’s users to invest in them.

The news led to an explosion in BGB’s price, which had a rough week that saw it plummet from $4.87 to $3.66 amidst the market-wide downturn. Today, BGB reached a new ATH at $4.97, and its technical indicators signal it could keep the momentum.

BGB is up 22% in the past day and over 214% in the last month.

With its 50-day Simple Moving Average (SMA) at $2.09 and 200-day SMA at $1.31, Bitget seems ready to make further short-term gains.

HBAR was one of the few altcoins that missed the market-wide rally in November following the US Election Day, but it saw its price skyrocket in early December when it reached a one-year high at $0.3891.

Although its price dropped since, entering this week at $0.2898, HBAR is now priced at $0.3112, following a presentation by Xiang Xu, Mondelez’s leader for digital strategy and blockchain, which outlined the company’s goal to leverage Hedera as they take a step toward a digital transformation.

HBAR is now up 131% over the past month.

Mondelez Internation is a company that owns brands like Oreo, Cadbury, and Tang and is a member of the Hedera Council.

HBAR’s sudden soar that defies the bearish market can be attributed to its increased visibility following the interview, which is likely drawing retail investors to the ambitious project.

Best Wallet Token a Smart Play for 2025 Altcoin Season?

As BGB soars, another platform utility token that’s catching eyes is BEST token, the native coin for Best Wallet.

Best Wallet is a rapidly growing Web3 wallet that’s leveraging its cutting-edge security and interesting features to achieve its goal of capturing 40% of the non-custodial wallet market by the end of 2026. The wallet already has over 100,000 monthly users despite being relatively new, and has now launched its BEST token presale and already raised over $5.5 million.

Currently, the wallet lets its users swap tokens across 50+ chains using its Best DEX feature, access presales in their early stages with Upcoming Tokens, use multiple wallets, and more. The project’s roadmap reveals Best Wallet’s intentions to add derivatives trading, a crypto debit card, an NFT library, a staking aggregator, and numerous other features as it expands.

Those holding BEST will enjoy various benefits, including lower transaction fees on Best DEX and Best Card, and exclusive alpha access to upcoming presales/

To maximize their returns, investors can earn additional BEST by staking their tokens and participating in Best Wallet’s airdrop campaign. The project’s staking APY currently stands at 405%, and participating in the airdrop campaign requires investors to interact with Best Wallet’s X (Twitter) page and complete daily and seasonal quests.

According to an audit by Coinsult, there are no critical threats to investor funds, and with 10% of its total token supply allocated to liquidity, BEST is reducing the risk of market manipulation, fostering a safe trading environment.

Investors don’t have long to secure BEST at its current price of $0.23325, as it is scheduled to increase tomorrow.

Visit Best Token Presale

Disclaimer: The above article is sponsored content; it’s written by a third party. CryptoPotato doesn’t endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

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Cryptocurrency

Ethereum Foundation, Whales, and Hackers: What’s Driving the ETH Sell-Off?

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TL;DR

  • Whales, hackers, and the Ethereum Foundation wallets moved over $500M in ETH through large sales and withdrawals.
  • Ethereum transfers rose to 4.6M ETH, nearing the monthly high of 5.2M recorded in July.
  • Staking inflows hit 247,900 ETH, the highest in a month, locking more supply from trading.

Large Withdrawals and Whale Activity

Ethereum (ETH) has seen heavy movement from major wallets over the past few days. On-chain data from Lookonchain shows a newly created wallet pulled 17,591 ETH, worth $81.62 million, from Kraken in just two hours. 

Over three days, two new wallets withdrew a combined 71,025 ETH, valued at $330 million, from the exchange.

One of these wallets, address 0x2A92, has withdrawn 53,434 ETH, worth $242.34 million, in two days. This includes a recent purchase of 30,069 ETH, valued at $138.46 million, during a market drop.

Major ETH Holders Offload Millions Amid Price Rally

In contrast, several separate entities have been disposing of some ETH holdings. A wallet tied to a hacker address 0x17E0 sold 4,958 ETH for $22.13 million at $4,463, securing a profit of $9.75 million. Earlier this year, the same address sold 12,282 ETH at $1,932 and later bought back part of the amount at higher prices.

A different whale sold 20,600 ETH for $96.55 million over the past two days, generating a profit of more than $26 million after holding the position for nine months. 

Meanwhile, an Ethereum Foundation-linked wallet, 0xF39d, sold 6,194 ETH worth $28.36 million in the last three days at an average price of $4,578. 

Recent sales from the same wallet included an additional 1,100 ETH and 1,695 ETH for over $12.7 million combined.

Network Activity on the Rise

CryptoQuant data shows Ethereum’s total tokens transferred have been climbing since August 9. After ranging between 1 million and 3 million ETH through late July and early August, transfers have risen to 4.6 million ETH, approaching the monthly high of 5.2 million recorded in mid-July. This increase has occurred alongside a price rally from about $3,400 to $4,600.

Ethereum (ETH) Tokens Transferred (Total)
Source: CryptoQuant

Interestingly, staking inflows generally stayed between 20,000 and 80,000 ETH per day over the past month. On August 14, inflows jumped to 247,900 ETH, the highest in the period. 

At the time, ETH was trading near $4,600. Large staking deposits reduce the amount of ETH available for immediate trading, as staked coins are locked for a set period.

Ethereum (ETH) Staking Inflow Total
Source: CryptoQuant

In the meantime, ETH trades at $4,647 with a 24-hour volume of $68.25 billion, down 2% on the day but up 19% over the week.

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Cryptocurrency

Massive DOGE Whale Activity Hints at $1 Breakout

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TL;DR

  • Whales bought two billion DOGE this week, lifting their combined holdings to 27.6 billion coins.
  • A single 900M DOGE transfer worth $208M to Binance drew attention to large exchange movements.
  • DOGE broke key resistance, with momentum building for a possible push toward the $1 price mark.

Price and Market Moves

Dogecoin (DOGE) traded at $0.23 at press time, slipping 4% over the past day but still showing a 2% gain for the week. Daily turnover came in at about $6.18 billion. 

Meanwhile, the broader crypto market saw over $1 billion in liquidations. Hotter-than-expected US Producer Price Index data pushed traders to scale back expectations of a near-term Federal Reserve rate cut. DOGE had roughly 290,500 coins liquidated during the sell-off.

On the two-week chart, analyst Trader Tardigrade notes that DOGE has cleared a downward-sloping resistance line after completing what appears to be a “wave V” in an Elliott Wave sequence. Similar setups in the past, where prolonged declines stayed within falling channels before breaking higher, have been followed by sharp rallies.

Momentum gauges are also turning up. The Stochastic RSI, which had dropped into oversold territory, is now heading higher. Previous reversals from this zone have coincided with sustained upward moves. The current formation points to a possible run that could carry DOGE past the $1 mark.

Heavy Whale Buying and Large Transfers

As reported by CryptoPotato, blockchain data shows large investors have added two billion DOGE in the past week, spending just under $500 million. That brings their holdings to about 27.6 billion coins, or 18% of the supply. The buying streak has prompted speculation within the community. 

Recently, Whale Alert flagged a 900 million DOGE transfer worth about $208 million into Binance. The tracking indicates that it originated from a wallet connected to the exchange, likely as an internal activity. The address involved holds 2.88 billion DOGE, one of the largest balances on the network.

Ali Martinez also reports that transactions above $1 million reached a one-month high, with activity building since early August and peaking as DOGE traded at $0.25.

Sentiment Building

Analyst Gordon described the current setup as “a nice bit of consolidation” before a potential breakout, adding, 

“This will be one of the first coins normies FLOCK to & the pump will be MASSIVE.”

With whale accumulation rising, high-value transfers increasing, and a bullish technical pattern in play, DOGE is positioned for a potential push toward $1 if momentum holds.

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Ripple Price Analysis: XRP at Risk as Key Support Levels Could Trigger Sharp Drop

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XRP has recently entered a consolidation phase after a strong rally earlier this summer, with the price action now hovering around key resistance levels on both its USDT and BTC pairs. Yet, while momentum has slowed, the charts still indicate a generally bullish structure, with multiple key support levels remaining firmly in place.

Technical Analysis

By ShayanMarkets

The USDT Pair

On the XRP/USDT daily chart, the price is currently trading near the $3.10 mark, facing a strong resistance zone around $3.40. This follows a breakout above the $2.70 range in July, which has now flipped into a support area.

Both the 100-day and 200-day moving averages are also trending upward and recently formed a bullish crossover around $2.45, reinforcing the medium-term bullish sentiment. If the $3.40 resistance breaks, a push toward the critical $4.00 range becomes likely.

However, the RSI hovering near the neutral 50 level suggests a lack of strong momentum for now, meaning a short-term pullback into the $2.80 support zone is still possible.

This zone will be key for maintaining the bullish structure. Losing it could open the door for a deeper correction toward the 200-day moving average located around the $2.40 mark. Yet, as long as the price stays above the moving averages, the broader trend remains bullish.

The BTC Pair

Looking at the XRP/BTC chart, the pair has recently pulled back after hitting the 3,000 SAT resistance, with the price currently around 2,600 SAT.

This follows a clean breakout above the long-term descending channel and a successful retest of its upper boundary, which coincided with the 200-day moving average and the 2,400 SAT support zone. This confluence remains a key bullish technical factor, as holding above it could attract renewed buying pressure.

That said, RSI levels around 48 show that momentum has cooled after the sharp July rally, meaning XRP may continue ranging between 2,400 SAT and 3,000 SAT in the near term. A decisive close above 3,000 SAT would likely open the path to the 3,400 SAT zone, while losing 2,400 SAT could shift the bias back toward 2,000 SAT support. For now, the structure still favors the bulls as long as higher lows remain intact.

 

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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