Cryptocurrency
$MOVE Listed on BYDFi: Market Cap at $170 Million, Valuation around $10 Billion

[PRESS RELEASE – Seychelles, Seychelles, December 13th, 2024]
The native token of the Movement Network, $MOVE, which was launched on December 9, 2024, outpaced its price of $1.45 after the release. As an innovative blockchain ecosystem based on a Move programming language, the Movement Network is going to integrate its ecosystem with $MOVE tokens right after the launch of its mainnet. Currently, BYDFi has officially listed $MOVE, showing deep insight into the development of blockchain technology and being forward-looking in terms of market positioning.
$MOVE: A Token Economy Built on Core Blockchain Security Technology
The Movement Network is the first blockchain ecosystem built on the Move programming language. This language developed by Meta’s (formerly Facebook) cryptography team, fundamentally redefines how secure, modular, and verifiable smart contracts are written. One of the major challenges in blockchain development today is the security of smart contracts, with billions of dollars lost annually due to exploit vulnerabilities. Move provides developers with a safer and more predictable development environment, aiming to reduce the risk of vulnerabilities while lowering the resource costs required to maintain on-chain security.
Co-founders of Movement Labs are former Aptos engineer Rushi Manche and blockchain entrepreneur Cooper Scanlon. The team members have hailed from leading blockchain projects, including Biconomy, Sui/Mysten Labs, and Fluid Finance. Drawing on experience in the field of blockchain development and fin-tech, the team is committed to the security, scalability, and transaction finality of Ethereum.
After announcing the Movement Network’s Public Mainnet, the public chain of the Move language, the $MOVE token becomes core in the ecosystem:
• Cybersecurity Pledge: Verifiers pledge $MOVE to guarantee network security and get rewards.
• Transaction Fees: The gas fees are covered by $MOVE within the Movement Network for barrier-free transactions.
• Governance Participation: Token holders can participate in governance; thus, they have a say in the future of the network.
These utilities make $MOVE quite substantial and an important factor within the Movement Network for users and investors.
Market Volatility: $MOVE Token
Per data from Coingecko, the token of $MOVE is up 4.7% in the last 24 hours, trading at 0.7053 dollars at the time of writing, with a total trading volume of 6.516 billion dollars. The circulating supply of the token is 2.3 billion with a fully diluted valuation close to 10 billion dollars. The ability of $MOVE to defy the course of the market is a consequence of the technical advantages of the Move programming language, as mentioned above, and due to several other factors:
1. Potential as an Infrastructure Token:
Similar to $ETH, the core asset of the Ethereum ecosystem, $MOVE plays a critical role in the operation of its entire ecosystem. Although the market performance of such tokens might be volatile in the early stages, it tends to stabilize and show growth potential when the underlying technology and ecosystem mature. Consequently, $MOVE aims to be one of the essential assets in the blockchain space.
2. Community Building to Amplify Influence:
Community development is a high priority to the Movement Labs team, hence the airdrop event of $MOVE. This was for rewarding some of the earliest adopters and for bringing new users into its ecosystem in order to expand the sphere of influence and activities of the community.
3. Strength Built Through Multiple Funding Rounds:
Thus far, the Movement team has completed three rounds of funding and acquired 41.4 million dollars in total. With investments from institutions such as Polychain Capital, Hack VC, Aptos Labs, and Primitive Ventures, this project obtained further momentum. Among these, Primitive Ventures co-founder Dovey Wan overthrew the original decision by the team to forgo investment in it; reevaluating, she bet on this “dark horse”.
While high volatility has hit leading cryptocurrencies in the wider market, the $MOVE token has gained interest among crypto investors due to its outlook on its ecosystem. Influencers such as @nihilus_XBT and @CryptoProject6 have shown optimism in the future direction of $MOVE.
Presently, users can monitor $MOVE’s market trends in real-time on the BYDFi, and actively participate in spot trading. BYDFi will soon launch “BYDFi Copy Trading” to facilitate seamless access to crypto trading. These ultimately allow beginners and busy investors to invest in markets. BYDFi is dedicated to providing users with crypto trading experience.
About BYDFi
Founded in 2020, BYDFi has established itself around the world based on the principle of making things easy for customers and bringing an innovative spirit. Featured in Forbes’ top 10 for best crypto exchanges, BYDFi operates the largest spot trading area for more than 600 tokens and flexible use of 1x to 200x leverage. Ease of purchasing cryptocurrencies due to partnerships with leading payment services providers, Banxa, Transak, and Mercuryo for a fraction of the cost and accessibility.
Official website: https://www.bydfi.com
Online customer service: CS@bydfi.com
Business cooperation: BD@bydfi.com
Media contact: media@bydfi.com
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Cryptocurrency
Ethereum Foundation, Whales, and Hackers: What’s Driving the ETH Sell-Off?

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.
The #EthereumFoundation-linked wallet(0xF39d) sold another 1,300 $ETH($5.87M) at $4,518 ~11 hours ago.
Over the past 3 days, this wallet has sold a total of 6,194 $ETH($28.36M) at an average price of $4,578.https://t.co/4hfCWymHVG pic.twitter.com/ErUyEY8SJy
— Lookonchain (@lookonchain) August 15, 2025
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.
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.
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

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.
$Doge/2-week#Dogecoin is gaining strong momentum to surge above $1 pic.twitter.com/TuSEKr19nv
— Trader Tardigrade (@TATrader_Alan) August 15, 2025
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.
Whales are back! Dogecoin $DOGE activity at a 1-month high. pic.twitter.com/C83Pv68mCt
— Ali (@ali_charts) August 14, 2025
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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Cryptocurrency
Ripple Price Analysis: XRP at Risk as Key Support Levels Could Trigger Sharp Drop

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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