Cryptocurrencies Price Prediction: AzukiDAO, PEPE & Ethereum – American Wrap 03 July
AzukiDAO vote to reclaim $40 million worth of ETH raises doubts among holders
The NFT market, which has been out of the limelight for some time now, gained some attention over the weekend. The reason behind this was a collection named Elemental which led to the people who minted the NFTs to form a new decentralized autonomous organization (DAO), create a new governance token and plan to sue the founder of the collection - all in three days.
PEPE’s large wallet investors, who booked millions in profit on the meme coin, started accumulating the token again early on Monday. Two whale wallets identified by a crypto intelligence tracker spent over $1.19 million in acquiring PEPE tokens.
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Ethereum ranks highest among altcoins in terms of institutional capital inflow, according to CoinShares’ latest report. While Bitcoin dominates the capital inflow from investors, Ethereum funds have observed a $2.7 million inflow over the past week.
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