Positive netflows to exchanges also surged to the highest level in a week as selling activity spiked.
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Selling activity has surged due to profit-taking by traders who bought during the dip.
While the market sentiment is still bullish, the demand for long positions has decreased.
In the last two days, over 1.78 trillion SHIB has been moved to exchanges.
Bitcoin’s DeFi TVL has surged by more than six times in less than two months.
BRETT is the largest memecoin on Base, accounting for nearly a third of the total $3.28 billion market cap.
Speculative activity around Litecoin has dropped after hitting a multi-month peak earlier this month.
U.S Bitcoin ETFs are inching closer to holding 6% of Bitcoin’s total market capitalization.
One trader made a $448,000 profit on VELO within a few hours of buying the token.
If UNI can recover from the temporary pullback and the momentum remains bullish, the next target for price is $27.41.
This bullish pattern suggests that POL could continue its uptrend, but more buying volumes are needed to support a breakout.
If PEPE overcomes resistance at $0.0000254, it could extend gains and possibly make a new ATH before year-end.