"Meme Coin Mania: Whale Movements in DOGE and SHIB, Rollblock's Rise, and TON's Major Updates"
Dogecoin (DOGE) Whale Activity
Dogecoin has seen a rise in whale activity, with major holders accumulating over 2.1 billion DOGE tokens last week, the highest since January 2024. This accumulation contributed to a price spike of more than 24% to around $0.1627, but some whales are starting to sell, which may cause volatility and potential price drops soon.
Shiba Inu (SHIB) Activity
Similarly, Shiba Inu has witnessed increased whale transactions, with a 341% increase in large trades recently. This reflects growing interest in both meme coins as they vie for investor attention against new altcoins.
Emerging Altcoin - Rollblock (RBLK)
Rollblock is gaining popularity, nearing a $5 million goal in its presale, which shows strong investor confidence. The project aims to create a decentralized online casino and has seen a 230% rise in its presale value.
Token Unlocks
On November 6, Cardano will unlock about 18.53 million ADA tokens for staking and reserves, likely affecting market dynamics and causing price fluctuations. Additionally, other tokens like Neon, Banana Gun, and Bitget Token have scheduled unlock events this week that could also impact their markets.
Key Updates for the TON Blockchain
The TON blockchain has introduced two important updates, FunC 0.4.5 and v2024.10, which focus on boosting performance and security. These enhancements are meant to improve the network's overall efficiency, making it stronger and more reliable for both users and developers.