Diamond – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Wed, 04 Jun 2025 02:22:17 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Diamond – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Diamond Hands NFT from TRUMP Event Nets $16,000 Sale https://earlybirdsinvest.com/diamond-hands-nft-from-trump-event-nets-16000-sale/ https://earlybirdsinvest.com/diamond-hands-nft-from-trump-event-nets-16000-sale/#respond Wed, 04 Jun 2025 02:22:17 +0000 https://earlybirdsinvest.com/diamond-hands-nft-from-trump-event-nets-16000-sale/

One of the non-fungible tokens (NFTs) given out at the TRUMP meme coin dinner has already been resold for about $16,000.

The NFTs were distributed after the event and included a mix of rarities based on the level of involvement each person had with the TRUMP token.

The most common, called “Power to the Holders”, was sent to 1,049 wallets. This included everyone who registered for the dinner, not just those who showed up.

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The “Gold Gala Dinner” version was limited to 219 people who attended the event. The rarest of the group, “Diamond Hands,” went to 118 wallets belonging to people who kept their tokens throughout the entire event.

The official TRUMP meme coin account on X described these NFTs as items meant to mark the moment and recognize those involved.

Morten Christensen, founder of AirdropAlert, was one of the people who qualified for the dinner.

He bought a large amount of TRUMP tokens on the spot market but also shorted the same amount elsewhere to avoid price swings. He later sold his tokens before the dinner, which made him ineligible for the Diamond Hands NFT.

That decision might have cost him. A Diamond Hands NFT sold on June 2 for 99.9 SOL
SOL


$156.57

, equivalent to about $16,000.

Meanwhile, Nicholas Pinto, a TikTok user who spent around $300,000 on the meme coin, recently shared his experience at the dinner. What did he say? Read the full story.

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]]> https://earlybirdsinvest.com/diamond-hands-nft-from-trump-event-nets-16000-sale/feed/ 0 39998 Bitcoin Diamond Hands Are Buying Again, Here’s Why It’s Bullish For The Market https://earlybirdsinvest.com/bitcoin-diamond-hands-are-buying-again-heres-why-its-bullish-for-the-market/ https://earlybirdsinvest.com/bitcoin-diamond-hands-are-buying-again-heres-why-its-bullish-for-the-market/#respond Thu, 29 May 2025 02:09:50 +0000 https://earlybirdsinvest.com/bitcoin-diamond-hands-are-buying-again-heres-why-its-bullish-for-the-market/

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Bitcoin has spent the last five days trading within a relatively narrow range between $106,229 and $111,807, following its recent all-time high of $111,814. Despite the increase in selling pressure from miners after the all-time high, the price of Bitcoin has managed to hold above $108,000, with on-chain data showing Bitcoin diamond hands absorbing all the selling pressure.

Long-Term Holders Accumulating With Minimal Spending

According to data from the on-chain analytics platform CryptoQuant, the Long-Term Holder (LTH) Spending Binary Indicator has fallen to its lowest level since September 2024. This interesting trend was initially noted on the social media platform X by crypto analyst Alex Adler Jr.

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The 15-day moving average of this metric, as shown in the chart by CryptoQuant, has dropped to the minimal spending zone. Notably, this zone has consistently preceded a more bullish move in the Bitcoin price. 

Bitcoin
Source: Axel Adler Jr on X

In parallel, long-term holder supply has risen by approximately 300,000 BTC over the past 20 days. This marks a deviation from the trend of declines in the long-term holder supply since 2024. At the time of writing, 14.6 million BTC, representing about 74% of the total current circulating supply of BTC, is in addresses classified as long-term holders. 

This pattern suggests that so-called “diamond hands”, i.e., investors with a strong conviction who hold through volatility, are not only refraining from selling with Bitcoin’s recent new peak, but are actively accumulating. The chart below shows the correlation between minimal LTH spending and rising price action, a behavior that also aligned with phases of Bitcoin’s uptrend in 2019, late 2020, and late 2024.

Why It’s Bullish For The Market

The significant uptick in long-term holder supply, combined with minimal selling activity, reveals a hidden strength in the market. The current behavior of long-term investors also indicates their confidence in Bitcoin’s valuation at current levels, despite the recent price surge. Many of these long-term holders are in substantial profit, yet still choose to hold. This is unlike short-term holders, who have collectively realized over $11.6 billion in profits over the past month alone.

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Drawing a parallel with historical data, the current decline in long-term holder (LTH) spending mirrors a similar pattern observed in September 2024. At that time, the LTH Indicator was in the minimal zone, and the long-term holder supply was also increasing steadily.

What followed was a remarkable 96% surge in Bitcoin’s price, rising from approximately $54,000 to peaks around $106,000 in December and January. If the market were to follow a similar trajectory from the current price level, a comparable 96% rally would see Bitcoin rise to a new peak near $212,000.

At the time of writing, Bitcoin is trading at $109,000.

Bitcoin
BTC trading at $108,723 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

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