Gemini

Basic Attention Token

Injective

The Graph

<p>Genesis Trading, a prominent cryptocurrency trading firm, has recently deposited a substantial amount of digital assets to the Gemini exchange. According to a tweet by <a href="https://twitter.com/lookonchain/status/1788781170584666246" target="_blank" rel="noopener noreferrer nofollow">Lookonchain</a>, a blockchain analytics platform, Genesis Trading transferred $33.67 million worth of cryptocurrencies to Gemini just six hours ago.</p>
<p>The deposited assets include a diverse range of tokens:</p>
<ul>
 <li>16.4 million The Graph (GRT) tokens, worth $4.69 million</li>
 <li>396 million Amp (AMP) tokens, worth $2.94 million</li>
 <li>123,000 Injective Protocol (INJ) tokens, worth $2.93 million</li>
 <li>32,331 Aave (AAVE) tokens, worth $2.88 million</li>
 <li>970 PAX Gold (PAXG) tokens, worth $2.26 million</li>
 <li>9.19 million Basic Attention Token (BAT) tokens, worth $2.25 million</li>
</ul>
<p>The transfer of such a large amount of assets from Genesis Trading to Gemini has raised questions about the firm’s motives and the potential impact on the market. Some speculate that the move could be related to liquidity management, risk adjustment, or preparations for future trading activities.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="806" height="1024" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-297-806x1024.png" alt="" class="wp-image-489267" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-297-806x1024.png 806w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-297-236x300.png 236w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-297-767x975.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-297-1209x1536.png 1209w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-297-1612x2048.png 1612w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-297-118x150.png 118w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-297-100x127.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-297-275x350.png 275w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-297-788x1001.png 788w" sizes="(max-width: 806px) 100vw, 806px">
</figure>
<h2 class="wp-block-heading" id="genesis-trading-s-2-41b-portfolio-dominated-by-bitcoin-and-ethereum">Genesis Trading’s $2.41B Portfolio Dominated by Bitcoin and Ethereum</h2>
<p>In addition to the recent deposit, Lookonchain also revealed that Genesis Trading currently holds $2.41 billion worth of digital assets in its portfolio. The firm’s holdings are heavily concentrated in Bitcoin (BTC) and Ethereum (ETH), with smaller allocations to various altcoins.</p>
<p>Genesis Trading’s current portfolio breakdown is as follows:</p>
<ul>
 <li>32,000 Bitcoin (BTC), worth $2.02 billion</li>
 <li>125,100 Ethereum (ETH), worth $378.91 million</li>
 <li>115,670 Compound (COMP) tokens, worth $6.73 million</li>
 <li>9.54 million The Graph (GRT) tokens, worth $2.94 million</li>
 <li>5.99 million The Sandbox (SAND) tokens, worth $2.66 million</li>
</ul>
<p>The significant holdings in Bitcoin and Ethereum demonstrate Genesis Trading’s confidence in the long-term value and growth potential of these two leading cryptocurrencies. The firm’s portfolio also showcases its diversification strategy, with investments in various promising altcoin projects across different sectors of the crypto ecosystem.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p><strong><em>Also read: <a href="https://captainaltcoin.com/does-dogwifhat-wif-and-meme-coins-face-a-new-competitor-this-low-cap-gem-surged-20000/" target="_blank" rel="noopener noreferrer nofollow">Do Dogwifhat (WIF) and Meme Coins Face a New Competitor? This Low-Cap Gem Surged 20,000%</a></em></strong></p>
<h2 class="wp-block-heading" id="market-impact-and-future-implications">Market Impact and Future Implications</h2>
<p>The recent deposit of $33.67 million worth of digital assets from Genesis Trading to Gemini has the potential to impact the market in several ways. The influx of such a large amount of tokens could increase liquidity on the Gemini exchange, potentially affecting the price and trading dynamics of the deposited assets.</p>
<p>Moreover, the move could signal a shift in Genesis Trading’s investment strategy or market outlook. As a prominent player in the cryptocurrency industry, the firm’s actions are closely watched by investors and traders seeking insights into market trends and potential opportunities.</p>
<p>The revelation of Genesis Trading’s $2.41 billion portfolio also highlights the growing institutional interest and investment in the cryptocurrency market.&nbsp;&nbsp;</p>
<p><em><strong>Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram community.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/genesis-trading-deposits-33-67m-the-graph-grt-injective-inj-and-these-cryptos-to-major-exchange-how-could-this-impact-the-market/" rel="noopener noreferrer nofollow">Genesis Trading Deposits $33.67M The Graph (GRT), Injective (INJ), and These Cryptos to Major Exchange: How Could This Impact the Market?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Genesis Trading Deposits $33.67M The Graph (GRT), Injective (INJ), and These Cryptos to Major Exchange: How Could This Impact the Market?

Obsah

CaptainAltcoin

Ďalšie články zverejnené 10. 5. 2024

India Tightens Crypto Exchange Oversight

Crypto Analyst Sets $10 Price Target For Cardano As Volume Jumps 90%

Texas Thirsts for Energy: A Gargantuan Demand from Datacenters and EVs Puts ERCOT on High Alert

Rev Up Your Engines for CardanoRacers.com: Join the Free Roll Race for a Shot at Winning ADA!

DOG•GO•TO•THE•MOON Price Prediction: DOG Is The 12th Largest Meme Coin Despite 4% Plunge As This ...

The Deepfake Menance: AI’s Double-Edged Sword in Digital Era

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!