SHIB whale activity surges

Shiba Inu (SHIB) witnesses explosive 40% spike in overnight whale activity.

• Surge in transfer. Aug. 12–13 saw 351.6 billion SHIB moved from large wallets — up 40% from the prior day’s 240.13 billion.

Shiba Inu (SHIB) just experienced one of its busiest nights in weeks, with major holders transferring 40% more tokens than the previous day, as per IntoTheBlock. From Aug. 12 to 13, the amount of SHIB flowing out of large wallets increased from 240.13 billion to 351.6 billion, putting a massive portion of the supply in motion in less than 24 hours. 

Large outflows can indicate two different things: coins being sent to exchanges for sale or coins being sent from exchanges to private storage. Interestingly, SHIB’s price did not sink when the outflows spiked.  

• Price action. Stayed near $0.000014 despite heavy flows.

Instead, it held steady at around $0.000014, leaning more toward the idea that whales are parking tokens in cold wallets rather than selling them on the market. 

Over the same period, SHIB’s chart showed a push toward $0.00001425, a dip to approximately $0.00001360 and then a slow climb back to $0.0000138. There was no big sell-off or panic candles – just a back-and-forth range that suggests buyers were ready to take whatever supply was available. 

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ETH holders in full profit

Ethereum has no single holder in losses at moment amid shift to new ATH. 

• 98.81% in profit. 148.2 million ETH ($704.29B) bought below current price.

In a historic development, Ethereum (ETH), the leading altcoin, is bullish, with all of its holders in profit. In the last 24 hours, activities in the Ethereum ecosystem have been on an upward trajectory in terms of price and volume outlook. 

According to IntoTheBlock data, a total of 148.2 million ETH valued at $704.29 billion are “In the Money.” This reflects 98.81% of Ethereum holders. This implies that these investors bought the asset at a price lower than the current market price. 

• Low sell pressure. Holders likely waiting for a new ATH.

Interestingly, no holder is “Out of the Money.” Meanwhile, only 1.19% of holders are “At the Money.” These holders account for 1.79 million ETH worth $8.52 billion. These investors bought Ethereum at around $4,752. 

The implication of this for the leading altcoin is that there is minimal sell pressure on holders. With all investors in profit, they are likely to hold off selling their asset with anticipation of a new all-time high (ATH). 

• Price target. Market watching for $5K breakout.

The market had been agitated when a major Ethereum ICO whale went for profit in a fresh batch of sales less than 48 hours ago. However, the current development suggests that sell pressure has dropped. 

Surprisingly, despite the bullish outlook of Ethereum, the asset remains about 3% away from flipping its ATH of $4,891.70 set about four years ago. This has sparked concern among some market participants, who were anticipating the ETH price to hit $5,000.

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Coinbase XRP reserves down 57.4% since June

Major US exchange Coinbase slashes XRP holdings by 57.4% as transfers accelerate.

• Reserve decline. XRP holdings spread across 52 cold wallets.

Coinbase’s XRP reserves have been dropping for months, and new on-chain data show the decline has hit 57.4% since early June. The exchange used to hold almost a billion XRP across 52 cold wallets, but now it is down to about half that, with more big transfers this week. 

Right now, 10 wallets still hold about 26.8 million XRP each, and another 42 wallets hold about 16.8 million XRP. One of the latest moves saw 16.69 million XRP – worth about $54.83 million – moved from Coinbase Cold Wallet 155 to Coinbase Cold Wallet 10. It was an internal transfer. 

• Possible destinations. Bitstamp, BitGo, Ripple’s ODL network; or internal reserve reorganization.

The destination of these coins is unclear. Analysts believe the transfers are feeding new subwallets tied to Bitstamp, BitGo and Ripple’s On-Demand Liquidity network. Others think Coinbase is reorganizing reserves to position itself for usage or price changes. 

There is no sign of disorder or panic selling in the way these transfers are being handled. The amounts and timing suggest that there was a lot of planning involved, with an emphasis on where assets are located so they can be accessed efficiently. 

• Usage trend. Coinbase’s influence over large XRP flows may shrink.

Coinbase is not holding as much XRP as it used to, and that is because more and more people are interested in using the token for payments and cross-border transactions.  If this trend keeps up, Coinbase might not have as much control over the big XRP flows, and more of the asset might be moving through other exchanges and custodial channels.

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A massive spike in brute-force attacks targeted Fortinet SSL VPNs earlier this month, followed by a switch to FortiManager, marked a deliberate shift in targeting that has historically preceded new vulnerability disclosures.

The campaign, detected by threat monitoring platform GreyNoise, manifested in two waves, on August 3 and August 5, with the second wave pivoting to FortiManager targeting with a different TCP signature.

As GreyNoise previously reported, such spikes in deliberate scanning and brute-forcing precede the disclosure of new security vulnerabilities 80% of the time.

Often, such scans aim at enumerating exposed endpoints, evaluating their significance, and estimating their exploitation potential, with actual attack waves following shortly after.

“New research shows spikes like this often precede the disclosure of new vulnerabilities affecting the same vendor — most within six weeks,” warned GreyNoise.

“In fact, GreyNoise found that spikes in activity triggering this exact tag are significantly correlated with future disclosed vulnerabilities in Fortinet products.”

Due to this, defenders shouldn’t dismiss those spikes in activity as failed attempts to exploit old, patched flaws, but rather treat them as potential precursors to zero-day disclosure and strengthen security measures to block them.

The Fortinet brute-force attacks

On August 3, 2025, GreyNoise recorded a spike in brute-forcing attempts targeting Fortinet SSL VPN as part of a steady activity it has been monitoring since earlier.

JA4+ fingerprint analysis, a network fingerprinting method for identifying and classifying encrypted traffic, linked the spike to June activity originating from a FortiGate device on a residential IP address associated with Pilot Fiber Inc.

“This overlap doesn’t confirm attribution, but it suggests possible reuse of tooling or network environments,” commented GreyNoise in its bulletin.

Two days later, on August 5, a new brute-force campaign from the same attacker emerged, which switched targeting from FortiOS SSL VPN endpoints to FortiManager’s FGFM service.

“While the August 3 traffic has targeted the FortiOS profile, traffic fingerprinted with TCP and client signatures — a meta signature — from August 5 onward was not hitting FortiOS,” explained GreyNoise.

“Instead, it was consistently targeting our FortiManager – FGFM profile albeit still triggering our Fortinet SSL VPN Bruteforcer tag.”

This shift suggested that either the same attackers or the same toolset/infrastructure moved from trying to brute-force VPN logins to trying to brute-force FortiManager access.

The IP addresses associated with this activity, and which should be placed on blocklists, are:

• 31.206.51.194
• 23.120.100.230
• 96.67.212.83
• 104.129.137.162
• 118.97.151.34
• 180.254.147.16
• 20.207.197.237
• 180.254.155.227
• 185.77.225.174
• 45.227.254.113

GreyNoise notes that the tracked malicious activity is evolving with time and is associated with a specific origin cluster that most likely performs adaptive testing.

In general, this activity is unlikely to be researcher scans, which are typically broader in scope and limited in rate, and wouldn’t involve credential brute-forcing, which is seen as an apparent intrusion attempt.

Hence, defenders should block the listed IPs, increase login protection on Fortinet devices, and harden external access where possible, restricting access only to trusted IP ranges and VPNs.

As Bitcoin (BTC) continues to hover just below the $120,000 level, miners have increased transfers to Binance crypto exchange. According to analysts, elevated BTC transfers to Binance could signal an upcoming price correction for the top cryptocurrency.

Bitcoin Price Correction Upcoming?

According to a CryptoQuant Quicktake post by contributor Arab Chain, there was a significant spike in BTC transfers from miners to Binance crypto exchange in late July – shown in the form of double tops in the following chart.

These spikes were followed by several days of above-average flows to the exchange. Early August saw another surge, with transfers ranging from several thousand BTC to more than 10,000 BTC at their peak.

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This activity suggests that miners are continuing to distribute BTC to the exchange. The selling comes as the asset’s price remains close to its all-time high (ATH) of nearly $120,000.

Arab Chain noted that compared to the April–June period, the current miner activity resembles “stockpiling or hedging behavior” rather than typical low-noise patterns. The analyst shared several behavioral indicators to support this view.

For instance, sustained high inflows during elevated price levels suggest that miners are taking advantage of the rally to secure liquidity, cover operational costs, or manage post-halving treasury needs.

However, such large inflows are often linked to short-term resistance. The market must have sufficient buying liquidity to absorb this supply and prevent it from triggering a sharp price decline.

The high frequency of peaks over the past two weeks also indicates that this is not a one-off occurrence. Instead, it marks a phase of heightened activity among Binance miners, which increases Bitcoin’s price sensitivity to any drop in demand.

According to Arab Chain, if daily flows remain above the recent weekly average – roughly 5,000 to 7,000 BTC per day – it would point to ongoing supply pressure. Conversely, a rapid drop back to lower levels would suggest that the distribution wave was temporary and has already been absorbed.

BTC May Be Preparing For A New ATH

Despite consolidating just under $120,000, recent on-chain data shows few signs of the Bitcoin market overheating. In addition, the average executed order size in the Bitcoin futures market has been steadily declining, indicating greater retail participation in the rally.

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That said, a significant portion of short-term BTC holders have moved into profit, which could set the stage for a sell-off. At press time, BTC trades at $118,970, down 0.6% over the past 24 hours.

Featured image from Unsplash, charts from CryptoQuant and TradingView.com

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Simon Chandler

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Simon Chandler

About Author

Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,…

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Last updated: 

August 4, 2025

Dogecoin has bounced to $0.20 in the past 24 hours as the market begins to recover — putting the current Dogecoin price prediction back in the spotlight.

While the move marks a modest uptick, it could be the start of a bigger shift in momentum for DOGE, which is still down 16% in a week and 26% over the past two weeks.

Even so, the meme coin remains up 23% in the past month and nearly 90% year-over-year, keeping it firmly on the radar of traders watching for the next explosive move.

Last week was a turbulent time for the coin and the wider market. Increased tariffs and an unyielding Federal Reserve dampened confidence among whales and institutions, which withdrew from ETFs for the first time in weeks.

Yet DOGE may have already bottomed out, with overall trajectory of the market likely to push the coin to higher levels in the next few months.

Dogecoin Price Prediction: Whale Outflows Spike as DOGE Breaks Key Support – Is a Full Breakdown Coming?

The past few days have been tough for the crypto market, with the aforementioned economic factors resulting in considerable outflows.

If we look at major crypto ETFs, we see that the seven days up to today resulted in a total outflow of $223 million, with Ethereum inflows offsetting just over $400 million in Bitcoin outflows.

This has affected Dogecoin and other meme tokens, with DOGE witnessing a steep drop in volume, from $24 billion on July 21 to $1.4 billion today.

However, the coin has seen a few significant transfers away from exchanges in recent days, including two apparent buys from Robinhood (here and here).

As such, the overall situation arguably isn’t as bad as it seemed last week, with the Dogecoin price and the wider market likely to recover from recent stressors.

And if we look at DOGE’s chart today, we see that the coin may have begun a bounce after hitting short-term lows.

Most notably, the token’s relative strength index (yellow) has begun rising again after touch 35 a couple of days ago.

One important point to make is that, despite last week’s correction, Dogecoin remains in the middle of a bull phase, having broken out of a falling wedge a couple of months ago.

Raised ETF flows have been the primary driver of recent gains, and what’s bullish is that the market is still waiting on the possible approval of numerous XRP and Solana ETFs, as well as for several other tokens.

Assuming that the SEC approves most of these later in the year, this will massively boost the Dogecoin price, which could hit $0.30 by the middle of September.

Maxi Doge Raises $300,000 in Recently Launched Presale: Is This the Next Big Meme Token?

One of the problems with Dogecoin is that it’s a well-established coin, meaning that it’s reached a size where it doesn’t make the kind of dramatic gains it did when it was younger.

However, the market is currently awash in new and interesting meme coins, with one of the newest and most intriguing being Maxi Doge (MAXI), an ERC-20 token that launched its presale this week.

With a supply of 150.24 billion MAXI, Maxi Doge has styled itself as a harder, more bullish version of Dogecoin, aimed at trading with leverage and making huge profits.

It’s currently building up a community of traders, who will share trading strategies and participate in trading competitions and challenges, with winners rewarded in MAXI.

The coin will also maintain a Maxi Fund, equal to 25% of its total supply, which it will use to support partnerships and increase liquidity.

It has already opened its Telegram channel, and will have a Discord channel coming soon, with both serving as a hub for its community.

As an Ethereum-based token, MAXI will be open for staking, enabling holders to earn a passive income.

Investors can join its presale now by going to the Maxi Doge website, where MAXI currently costs $0.0002505.

This price will rise repeatedly during the sale, so interested buyers should act now to ensure the biggest possible gains.

Click Here to Participate in the Presale

• Memecoin price rose 29% in 24 hours to hit highs above $0.0023.
• Daily volume spiked 600% as MEME jumped amid a technical breakout.
• Altcoins are bullish and an anlyst says MEME price could surge 690%.

Memecoin (MEME), a meme token of the Memeland platform, has surged by 29% in the past 24 hours.

This sudden price surge, which has come amid a notable spike in trading volume, has MEME trading at levels that might see bulls take further control.

While profit taking remains a potential setback, bullish momentum is largely in place as the broader cryptocurrency market gets a boost from institutional demand and regulatory support.

Memecoin’s surge is also not isolated in the meme token ecosystem.

Pepecoin, DOGS and Pump.fun are among those seeing a significant upside amid a backdrop of bullish projects for altcoins.

Dogecoin, Shiba Inu and TRUMP have also signaled resilience.

Volume spikes as MEME token surges 29%?

MEME’s price jump follows a technical breakout and overall flip in memecoins.

With a 29% spike in 24 hours, this token’s value is back at $0.0023 levels seen in May.

The gains also mean the price has increased 75% from lows of $0.0012 seen in June.

Daily volume has also jumped 600% to over $170 million, notable activity as the token benefits from speculative buying on launchpad sentiment.

In recent months, tokens such as PUMP and RAY have exploded on launchpad anticipation and adoption.

However, the MEME price remains well over 95% down since reaching its all-time highs of $0.081 in November 2023.

What’s next for Memecoin price?

Crypto analysts point to Memecoin’s uptick amid a breakout from a large falling wedge pattern.

In the market, a falling wedge breakout is a technical formation that usually suggests a reversal from a downtrend.

The token is showing a regular bull divergence, to signal bullish strength.

According to analyst Javon Marks, MEME could be poised for a significant upward movement.

The forecast aligns with the analyst’s earlier predictions from July 12, 2025, when Marks identified a falling wedge breakout.

“MEME (Memecoin) is currently showing MAJOR STRENGTH and with prices still being broken out of a large Falling Wedge as well as coming off of a huge Regular Bull Divergence, there can be significantly more bullish action coming!,” noted crypto analyst Javon Marks.

According to the analyst, MEME prices are likely to skyrocket if bulls take control.

The memecoin’s price could target $0.018, a level that would represent a staggering 690% upside.

Conversely, a failure to maintain momentum might see prices retreat, testing lower support levels. Likely, these will be at $0.0016 and $0.0014.

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Last updated: 

June 5, 2025

The Solana price has dipped by 3% today, with its move to $148.41 coming as the crypto market falls by 4% in the past 24 hours.

The market has reacted badly to yesterday’s very public feud between US President Donald Trump and former backer Elon Musk, with the war of words between the pair sending the US stock market down and, by extension, the crypto market.

This means that SOL is now down by 9% in a week and by 20% in the past fortnight, with the alt also suffering a disappointing 14% drop in the past year.

And to make matters worse, data from glassnode reveals that yesterday witnessed a big spike in terms of coin days destroyed for Solana, meaning that whales dumped large quantities of long-held SOL.

Solana Price Prediction: Spike in “Coin Days Destroyed” Indicator Hints at Whale Exit – Is $100 the Next Stop?

Posting on X, glassnode revealed that June 3 saw the third-biggest total for coin days destroyed for SOL in the year to date, at 3.55 billion SOL.

What this means is that investors who had held their SOL for a long time finally capitulated and dumped their tokens on the market, a bad sign as far as faith in the Solana price goes.

Significantly, the other big spikes in coin days spent preceded falls in the Solana price, as a whales presumably drove market sentiment downwards.

As such, SOL may have a difficult weekend ahead, with its chart today reinforcing the negative picture.

Most alarmingly, its 30-day average (orange) has just dropped below the 200-day (blue), forming a death cross that usually heralds incoming dumps.

We also see its RSI (purple) dropping almost to 30 today, another sign of strong selling pressure.

Having had a good few weeks between the second half of April and second half of May, it now seems that the Solana price could be in for a rough ride in the near term.

It will be interesting to see whether it can avoid falling below the $145 support level, since if it avoids such a drop it may rebound quickly.

If not, it could fall to $140 or $130 before correcting upwards, although its longer term prognosis is much better.

Given that Solana is not only the second-biggest layer-one network, but is also looking forward to a couple of big upgrades (e.g. Firedancer and Alpenglow), it could have a strong end to the summer.

It could reach $250 by September, while the possibility of Solana ETF approvals could send it to £350 or higher by the end of the year.

New Solana-Based Tokens with Big Potential

Because Solana may be something of a slow burner this year, traders may want to diversify into newer tokens, in order to increase their exposure to potential market-beating rallies.

This means that they should investigate new coins, including presale tokens that will be listing on exchanges in the coming weeks.

A very good example of such a coin is Snorter (SNORT), a Solana-based meme token that has now raised over $450,000 in its recently begun sale.

Snorter is much more than a meme coin, however, with the project also launching a trading bot once its sale ends.

Its trading bot boasts numerous features which distinguish it from its competitors, including automated sniping (so that users can make profitable trades early), copy trading, atomic swaps, MEV protection, and rugpull protection.

Its native token, SNORT, will have a max supply of 500 million tokens, with 10% of this available to the presale.

Holders will be able to stake the token for a passive income, while they will also need it to access the Snorter trading bot and its various features.

It could therefore become hugely popular, with investors able to join its sale now by going to the Snorter website.

SNORT is selling at $0.0943, although this will rise regularly until the sale ends, at which point the coin will list and potentially surge.

During this period, the DEX buy/sell ratio experienced significant volatility. It spiked to 17.5 on May 4, showing a temporary wave of aggressive buying, but quickly consolidated back below 1.5 by May 12. Despite the sharp surge in order flow, XRP’s price remained relatively controlled, increasing gradually rather than reacting with a sharp breakout that ended in an equally rapid consolidation.

Rising liquidity provided a cushion that absorbed speculative pressures without triggering large swings. As the buy/sell ratio softened, XRP continued its rise, showing that short-term speculation wasn’t driving the move higher.

Since the beginning of the week, XRP’s DEX buy/sell ratio has hovered between 1.4 and 1.5, indicating a more balanced structure. Liquidity remained above $19 billion, supporting price resilience even as short-term buying cooled.

This behavior shows that XRP’s rise above $2.5 on DEXs was supported by broader improvements in liquidity, even if it was initiated by a fleeting speculative burst. Robust liquidity like this reduces the risk of sudden reversals and can lead to a more sustainable rally in the short term.

The post XRP maintains steady price increase despite early May buy spike appeared first on CryptoSlate.