After a 20% weekly drop, PEPE may be recovering. Will this trend last?

Pepe's (CRYPTO: PEPE) price slump has raised concerns, but its growing user base and positive long-term outlook suggest potential for future gains. What Happened: Lookonchain data reveals that a whale deposited 150 billion PEPE (worth $2.72 million) into Binance to cut losses amid the price drop.

Sui Network, the layer-1 blockchain, has gained interest in the cryptocurrency space due to its excellent performance and speed. Since its launch in May 2023, Sui quickly positioned itself as a huge player in the blockchain platform sphere, especially in real-time applications such as gaming and DeFi.

TL;DR Grayscale Investments has launched the Grayscale Sui Trust, providing institutional-grade access to the SUI token without direct ownership. The trust, managing $12.88 million in assets, offers a simplified route for investors to participate in the SUI ecosystem, with shares tracking the SUI price minus fees and expenses.

Sui Network's native token, SUI, has become one of the standout performers in the cryptocurrency market, soaring by nearly 500% since September. This impressive rally has caught the attention of traders and investors alike, as SUI continues to show strength despite some market volatility.

Dogecoin, Shiba Inu, and Pepe tumble as memecoins face bearish setups, signaling more downside ahead.

A crypto whale dumped 150 billion PEPE worth $2.72 million onto Binance at a loss of $219,000.

Grayscale Investments has introduced the Sui Trust, managing $12.88 million in assets as of December 18, 2024, giving qualified investors institutional-grade exposure to SUI. Despite this milestone, SUIs price has fallen 12% to $4.13, while trading volume soared by nearly 109% to $3.1 billion.

Grayscale Investments has announced the launch of the Grayscale Sui Trust, providing qualified investors an opportunity to gain exposure to the SUI token in the form of a security. The trust, designed for institutional-grade access, offers a simplified route for investors to participate in the SUI ecosystem without directly holding the digital asset.

Thompson takes over for Greg Siourounis, who served as the Sui Foundation's managing director since its inception in 2023.

Some of crypto's best meme coins have been rocked by a sharp downturn, with tokens like Pepe, Bonk, and Floki suffering catastrophic losses. Hailed as the tokenized epitome of internet culture and speculative euphoria, holders of these tokens now wonder if there is much future in them.

Meta veteran Christian Thompson is now the new Managing Director of the Sui Foundation.

Key Points:

A Pepe (PEPE) whale has shocked the broader cryptocurrency community with its market activity. Lookonchain, an on-chain analytics platform, noticed and shared the transaction in a post on X.

Pepecoin, the OG green frog meme coin, had a rough week. $PEPE is down nearly 21% over the past seven days as the euphoria of Bitcoin's surge above $100K wears off slightly.

An anonymous trader incurred a major loss of $477,000 after buying PEPE at its peak and selling today in panic.

The crypto market took a battering after Fed Chair Powell's speech at the FOMC meeting on Wednesday. However, Thursday has dawned brightly for the crypto market and a bounce is under way.

Sui price joined other altcoins in bouncing back after falling sharply following the hawkish Federal Reserve interest rate decision. It has been one of the best-performing cryptocurrencies this year, rising by 440%.

Sui Network's SUI token maintains its bullish market structure after a 500% rally since September, currently trading at $4.494 with strong technical indicators suggesting further upside potential toward $5.38.

An NFT evening report revealed that the recent BTC price rally above $100k created 14,211 new millionaires and four new billionaires, creating FOMO among people to achieve the same. However, the crypto market is unpredictable, and profiting trades can bring heavy losses.

Digital assets witness a bloodbath as prices slump following the US Fed's hawkish signals. While enthusiasts exit meme Dogecoin and PEPE, the focus has switched to iDEGEN – a crypto project born by AI and raised by crypto degens.

Sui Network (SUI) has taken the cryptocurrency market by storm, delivering a stunning 500% rally in just under four months. The surge has caught the attention of traders and analysts alike, as the token continues to show strong bullish momentum.

At press time, the 23.6% Fibonacci extension level at $4.494 served as a short-term support.

PEPE's price has dropped nearly 8% in the past 24 hours, days after reaching its all-time high on December 9. Momentum indicators, including the RSI at 33.3, show that PEPE is nearing oversold territory but has not yet hit the critical threshold of 30, leaving room for further correction.

PEPE has dropped by 7% in the past 24 hours, with the coin potentially facing huge selling pressure if it rises towards $0.000024. The post Warning for PEPE Holders: Massive Supply Zone Could Trigger Price Collapse appeared first on Cryptonews.

Arkham Intelligence has partnered with Sui Network to integrate Sui blockchain data into its analytics platform. The collaboration will provide Sui (SUI) users access to Arkham's tools, including dashboards, entity and address pages, real-time alerts, and visual tracing features.

SatLayer, a Bitcoin restaking platform, announces strategic partnership with Sui blockchain to expand Bitcoin's utility in DeFi, aiming to merge Bitcoin's security features with Sui's rapid transaction processing capabilities.

SatLayer, a leading Bitcoin (BTC) restaking platform, and Sui, a prominent Layer 1 blockchain, have announced a strategic partnership to advance Bitcoin DeFi (BTCfi) by integrating Bitcoin's liquidity and security into the Sui ecosystem, as learned by Finbold on Wednesday, December 18.

Pepe coin price dropped for three consecutive days, invalidating a previously bullish pattern and forming another bearish one. Pepe (PEPE), the third-largest meme coin globally, fell to a low of $0.00002117, marking its lowest level since December 6.

On December 14, 2024, a dormant whale wallet made ripples in the cryptocurrency market by transferring 2.1 trillion PEPE tokens worth over $52 million. This large transfer, which occurred after 600 days of inactivity, has spurred excitement and speculation about a possible price increase for the popular meme coin.

Stablecoin issuer Circle has unveiled the Cross-Chain Transfer Protocol for the Sui Network and its users. The protocol is now live on the mainnet, allowing Sui Network developers, as well as their users, to transfer USDC across nine different blockchains, including Ethereum and Solana.

TL;DR SatLayer integrates with the Sui blockchain to expand Bitcoin's use in DeFi applications, allowing developers to secure dApps with Bitcoin's value and security. The collaboration strengthens the security of decentralized applications on Sui, a blockchain focused on fast transactions and scalability.

SatLayer's integration with Sui is aimed at providing developers with a new way of leveraging Bitcoin to secure decentralized applications.

As Pepecoin (PEP) faces challenges maintaining its bullish momentum, Pepe Unchained (PEPU) and iDEGEN (IDGN) are making waves with their impressive gains. While Pepe Unchained is capitalizing on exchange listings and staking incentives to gain traction, iDEGEN is attracting attention with its AI-driven meme culture and unique presale model.

The memecoins have been quiet of late, as all eyes have been on Bitcoin ($BTC). Is it now time for the memes to bounce?

On-chain data shows $15 million in PEPE tokens moving off exchanges as technical patterns suggest a possible 17% price increase, while Binance traders maintain heavily bullish positioning.

In a recent announcement, Binance revealed that it would be delisting several tokens from its platform's spot trading pairs on December 20, 2024. The tokens to be delisted include SUI, HMSTR, BNT, CYBER, and AEUR. Following the news, the prices of these tokens have already begun to drop by almost 10%.

Binance is set to delist underperforming trading pairs for Sui (SUI), Hamster Kombat (HMSTR), Bancor (BNT), Cyber (CYBER), and Anchored Coins (AEUR). These tokens have experienced notable price drops recently following the announcement, with SUI down 6%, HMSTR down 10%, and others also recording a dip between 5% to 10%.

On-chain metrics revealed that exchanges have witnessed $15 million worth of PEPE outflow.

You might not realize it, but Dogecoin was the trailblazer of the memecoin craze, kicking off a whole new trend in the crypto world when it launched in 2013. Fast forward to 2024, and it's still riding high, fresh off a 35% increase and looking at another potential rally.

Sui Network, aka Sui Bridge has succeeded in integrating Circle's Cross-Chain Transfer Protocol (CCTP), allowing users to securely move their USDC stablecoin across Sui and nine other blockchain networks. This will significantly improve the interoperability and usability of USDC across multiple platforms.

The $ENA utility token underpinning crypto-native synthetic dollar protocol Ethena has risen 13% in the last seven days, outperforming market leaders Bitcoin ($BTC) and Ethereum ($ETH) over the same period.

Pepe Coin remains in a consolidation phase as it slowly forms a falling wedge pattern. This pattern could lead to an explosive breakout.

Meme coins are on a slippery slope and struggle to gain momentum despite the Bitcoin rally. Pepe, the frog-themed meme coin, is holding fort at key support. While bulls eye an extended rally, the massive supply zone warns of an intense pullback.

The third week of December 2024 started on a mixed note for many altcoins, with some registering notable hikes while others keep consolidating. As a result, none of the top trending altcoins today have seen their prices increase by a significant figure.

Sui Bridge integrates Circle's Cross-Chain Transfer Protocol (CCTP) enabling seamless USDC transfers between Sui and eight other blockchains, enhancing interoperability and efficiency.

SUI price is on the verge of making history, with the potential to reach a new all-time high as it trades just 2% below its previous peak. If bullish momentum continues, SUI could break the $4.92 resistance and hit $5 for the first time by the end of December 2024.

Bitcoin (BTC) surged to a record high above $106,000, driven by President-elect Donald Trump's plans for a strategic Bitcoin reserve and a surge in institutional demand.