TLDR
- Market experts caution that Ethena (ENA) could fall to $0.50 by next month.
- Analysts believe Worldcoin (WLD) is set to crash to $4.88 next week.
- Milei Moneda’s ($MEDA) profit prospects make it the best crypto to buy.
Ethena’s (ENA) price falls as whales dump their tokens. On the other hand, a prominent crypto trader makes devastating allegations against Worldcoin (WLD). Meanwhile, experts explain how Milei Moneda ($MEDA) can be the next big thing in the crypto industry.
How much have ENA and WLD lost? And how can $MEDA achieve a 25x surge? Let’s find out.
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A Whale Sells $7 Million Worth of ENA at a Loss
Recently, blockchain explorer Lookonchain revealed that a big investor had sold most of their ENA holdings. According to the data, this whale first staked 6.01 million ENA, worth $5.71 million, after withdrawing it from Binance at $0.95.
As the price of ENA climbed, they withdrew an additional 3.32 million ENA, worth $4.76 million, from Binance five days later at $1.44, only to see the price fall later.
The whale eventually unstaked their ENA and sold it at a loss. They deposited 8.33 million ENA, worth $6.94 million, in Binance at an average price of $0.83, leaving them with 1 million ENA, worth $823,000, and a total loss of $2.71 million. This whale’s move showed that it was no longer profitable to hodl ENA. Since Lookonchain revealed the sale, ENA has lost 16.9% of its value.
Analysts say this negative sentiment toward ENA could cause the token to fall further to $0.50 within the next month.
Top Trader Alleges Irregularities in Worldcoin’s Tokenomics
A top trader with the handle DefiSquared on X recently questioned the integrity of the Worldcoin team. He alleged that WLD’s tokenomics are set up to benefit insiders.
He added that WLD is being devalued by 0.6% a day from emissions of grant and operator claims, most of which are sold almost immediately based on on-chain analytics. He also alleged that Worldcoin’s ongoing sale of $200 million worth of tokens is being sold at discounts to competing entities to benefit the Foundation.
Finally, he adds that when VC and team unlocks begin vesting, WLD supply will begin inflating at 4% per day from unlocks and emissions. This is almost $50 million a day of nonstop sell pressure while coin insiders plan to cash out at $60 billion FDV.
Since DefiSquared disclosed his allegations, WLD has lost 22%. Analysts say traders are selling their WLD to be on the safe side. They add that WLD could fall further to $4.88 next week.
How Can Milei Moneda Achieve a 25x Surge?
Milei Moneda is a new meme coin that has captured the attention of crypto enthusiasts. It has stood out because of its political undertones and lucrative presale. The presale is currently in Stage 3, and $MEDA is valued at $0.015. Early investors have already earned between 20% to 50% profits. They will gain up to 100% of their initial investments when $MEDA launches on Uniswap at $0.020 on May 21, 2024. Meanwhile, Stage 3 participants will earn a 33.3% profit at launch.
While other altcoins lose value, experts say $MEDA could experience a massive surge of up to 25x during the 2024 bull market. One reason for this expectation is that $MEDA has a 500 million supply, which is relatively low for a meme coin.
Furthermore, a part of this supply will be burned over time, increasing scarcity and setting the conditions for a massive price increase. In addition to this expected pump, investors will join the Milei Moneda community on X, Discord, and Reddit. They can interact with other members and participate in giveaways. They will also get rewarded for quality proposals.
Other benefits of owning $MEDA include access to exclusive NFT collections, NFT staking rewards, and discounts. These benefits, the presale profits, and the expected post-launch surge make $MEDA the best cryptocurrency to buy now.
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Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.