Moonbags Markets

Kraken has started distributing Mt Gox coins — link

No more tokens to sell, time to sell everything

Devs allocation running out isn't it?

Same levels that are holding market back ETH clearly the laggard here which is surprising

SEC signs off spot Ethereum ETFs for trading tomorrow — link | tl;dr

Have had some personal issues the past few days, will not be as active coming up Will come back soon Hope everyone is well Small market update: Strong weekly close and on the verge of flipping into weekly bullish momentum. Week ending 7/28 will be a huge tell. Closing above 68k for this week should get the job done. ETH showing some weakness while SOL showing strength, another bullish development. However, SOLETH reaching top of the range so expect ETH to show some strength soon. BOTH ETH and SOL have already confirmed weekly bullish momentum.

CoinGecko Q2 Report: Meme Coins, RWA, and AI were the most popular narratives in 2024 Q2, capturing 35.7% of market share. This was similar to 2024 Q1. Solana and Base were the most popular ecosystems, capturing 22.9% share of market attention. 107,725 ETH were burned, while 228,543 were emitted in 2024 Q2, making the network inflationary during the past quarter. This led to a total of 120,818 ETH being added to the supply in Q2. The burn rate of ETH fell -66.7% Quarter-on-Quarter as network activity slowed and gas fees fell. There were only 7 days in Q2 in which ETH burns exceeded emissions. In comparison, this figure stood at 66 days in Q1. — link

SOL resistance at 167-168

Eth strength

47k/140k mt gox btc has been sent to Kraken

I'm not saying the daily rally is over, in fact it's still proceeding as planned, I would think it would be confirmed over if we close below around 60-61k for a few days

Nothing changes until the weekly downtrend is over Not even GCR and Cobie can change this

This time its the stock market looking like shit