Pudgy Penguins (PUDGY) stabilizes as tightening volatility hints at a major breakout soon. PUDGY nears crucial support levels while traders await a decisive momentum shift ahead. Technical indicators show consolidation, suggesting Pudgy Penguins is preparing for significant movement. Pudgy Penguins (PUDGY) is currently trading around $0.01147 as it stabilizes after several weeks of bearish pressure. The narrowing volatility, neutral RSI, and constricting Bollinger Bands suggest that the market is preparing for a breakout. With momentum slowing and the price hovering near its lower support zone, traders are closely monitoring whether PUDGY will initiate a recovery or continue its downward drift. The asset’s modest 3.33% increase in the last 24 hours indicates early signs of strengthening, but it’s not yet enough to confirm a trend reversal. Pudgy Penguins is at a crucial juncture. As the broader crypto market attempts to stabilize, maintaining support levels could determine whether PUDGY resumes its consolidation pattern or begins an upward trend. The price action shows indecision in the market, and all indicators suggest that traders are waiting for a strong catalyst. Also Read: Terra Classic (LUNC) Price Prediction 2025–2029: Will LUNC Hit $0.0001 Soon? Technical Analysis Bollinger Bands The Bollinger Bands on the daily chart present a notable tightening pattern, with the upper band positioned near $0.01257, the middle band at $0.01147, and the lower band at $0.00984. PUDGY is currently trading beneath the middle band, reflecting a neutral-to-bearish sentiment in recent sessions. Historically, when prices remain compressed beneath the middle band, buyers tend to wait for clearer signals before making large commitments. Should PUDGY rise above the middle band at $0.01147, it could signify the start of a bullish attempt to test the upper band at $0.01257. A breakout above that level would likely shift market sentiment toward optimism, potentially pushing PUDGY toward the $0.013 mark. On the other hand, if the price falls below the lower band at $0.00984, it could trigger further selling pressure, potentially pushing PUDGY toward the $0.009 price zone. The narrowing of the bands suggests that the market is preparing for a substantial move. Until that breakout occurs, the asset is likely to remain within its consolidation range. RSI Behavior The Relative Strength Index (RSI) is currently at 44.05, indicating neutral market conditions. The RSI is neither in an overbought nor oversold zone, reflecting balanced market conditions where neither buyers nor sellers have full control. This neutral stance suggests that the asset may either continue to consolidate or begin an upward reversal should momentum shift in favor of buyers. Breaking above the 50 mark on the RSI would be a strong sign of bullish intent, while a decline toward 30 could confirm ongoing bearish sentiment. The current RSI level indicates that PUDGY may experience some upward momentum, but it’s still too early to declare a full trend reversal. Support and Resistance Levels Pudgy Penguins has immediate support near the lower Bollinger Band at $0.00984, a level that has proven resilient in recent declines. This could serve as an accumulation zone for traders looking for a potential bounce. Resistance sits at the middle Bollinger Band at $0.01147, which must be broken for a bullish rally to gain momentum. The more significant resistance is at the upper Bollinger Band, around $0.01257, where PUDGY would likely face further challenges. If PUDGY fails to hold above the $0.00984 support level, the price could slide into a deeper correction, possibly testing $0.0090. However, a breakout above resistance at $0.01147 and $0.01257 would indicate renewed bullish enthusiasm, setting the stage for further gains. Source: Tradingview Pudgy Penguins (PUDGY) Price Predictions (2025–2029) Year Minimum Price Average Price Maximum Price 2025 $0.0090 $0.0115 $0.0150 2026 $0.0120 $0.0150 $0.0200 2027 $0.0150 $0.0180 $0.0250 2028 $0.0200 $0.0250 $0.0300 2029 $0.0250 $0.0300 $0.0350 2025 Pudgy Penguins is expected to move within a price range of $0.009 to $0.015 throughout 2025. With tightening Bollinger Bands and a neutral RSI, PUDGY is likely to experience significant movement once a clear momentum shift occurs. If the asset can break above the $0.01257 resistance, the price may reach $0.015 in the short term. 2026 By 2026, Pudgy Penguins could see broader market adoption and increased interest from both retail and institutional investors. The average price could be around $0.015, with the potential for highs near $0.020 as PUDGY attracts more attention. 2027 In 2027, the Pudgy Penguins project may see a more significant boost as the NFT market matures, and investor confidence in unique assets like PUDGY rises. The price could average around $0.018, with the potential for a push toward $0.025 if momentum continues to build. 2028 By 2028, Pudgy Penguins may solidify its place within the NFT ecosystem. A wider acceptance of NFTs and decentralized applications could see the price of PUDGY rise to the $0.020 to $0.030 range, with significant interest from collectors and long-term holders. 2029 Looking to 2029, Pudgy Penguins could potentially exceed $0.030, with a maximum price of $0.035, assuming market conditions remain favorable and adoption continues to expand. The asset’s longevity and strong community backing may help it reach new heights, cementing its position in the crypto space. Conclusion Pudgy Penguins is currently navigating a consolidation phase marked by tightening Bollinger Bands and a neutral RSI. These conditions often precede a major price movement, and the market is waiting for a catalyst. If PUDGY manages to break above its $0.01147 resistance level, the asset could enter a new bullish cycle. Over the long term, the outlook for Pudgy Penguins remains positive. With continued development and increased market awareness, PUDGY could see steady growth, with the potential to reach the $0.025 to $0.035 range by 2029. FAQs 1. What is the current market sentiment for Pudgy Penguins (PUDGY)? The market sentiment for Pudgy Penguins is currently neutral-to-bearish, with the RSI sitting near the lower neutral boundary and the tightening Bollinger Bands indicating a potential surge in volatility. 2. Can Pudgy Penguins break above the $0.015 mark in 2025? Yes, Pudgy Penguins can break above $0.015 if it holds support at $0.00984 and manages to break through resistance at $0.01147 and $0.01257. 3. How should traders approach PUDGY at its current price? Traders should monitor whether PUDGY breaks above $0.01147 or falls below $0.00984. These levels are crucial in determining the next direction of the market. 4. How does Pudgy Penguins compare to other NFTs and crypto assets? Pudgy Penguins stands out in the NFT space due to its strong community and market presence. It offers stability and growth potential, especially as the NFT market continues to mature. 5. What is the price prediction for Pudgy Penguins in 2029? By 2029, Pudgy Penguins could reach between $0.030 and $0.035, assuming continued market support and adoption of NFTs. Also Read: Toncoin (TON) Price Prediction 2025–2029: Can TON Break Above $2.00 Soon? The post Pudgy Penguins (PUDGY) Price Prediction 2025–2029: Can PUDGY Break $0.015 Soon? appeared first on 36Crypto. Pudgy Penguins (PUDGY) stabilizes as tightening volatility hints at a major breakout soon. PUDGY nears crucial support levels while traders await a decisive momentum shift ahead. Technical indicators show consolidation, suggesting Pudgy Penguins is preparing for significant movement. Pudgy Penguins (PUDGY) is currently trading around $0.01147 as it stabilizes after several weeks of bearish pressure. The narrowing volatility, neutral RSI, and constricting Bollinger Bands suggest that the market is preparing for a breakout. With momentum slowing and the price hovering near its lower support zone, traders are closely monitoring whether PUDGY will initiate a recovery or continue its downward drift. The asset’s modest 3.33% increase in the last 24 hours indicates early signs of strengthening, but it’s not yet enough to confirm a trend reversal. Pudgy Penguins is at a crucial juncture. As the broader crypto market attempts to stabilize, maintaining support levels could determine whether PUDGY resumes its consolidation pattern or begins an upward trend. The price action shows indecision in the market, and all indicators suggest that traders are waiting for a strong catalyst. Also Read: Terra Classic (LUNC) Price Prediction 2025–2029: Will LUNC Hit $0.0001 Soon? Technical Analysis Bollinger Bands The Bollinger Bands on the daily chart present a notable tightening pattern, with the upper band positioned near $0.01257, the middle band at $0.01147, and the lower band at $0.00984. PUDGY is currently trading beneath the middle band, reflecting a neutral-to-bearish sentiment in recent sessions. Historically, when prices remain compressed beneath the middle band, buyers tend to wait for clearer signals before making large commitments. Should PUDGY rise above the middle band at $0.01147, it could signify the start of a bullish attempt to test the upper band at $0.01257. A breakout above that level would likely shift market sentiment toward optimism, potentially pushing PUDGY toward the $0.013 mark. On the other hand, if the price falls below the lower band at $0.00984, it could trigger further selling pressure, potentially pushing PUDGY toward the $0.009 price zone. The narrowing of the bands suggests that the market is preparing for a substantial move. Until that breakout occurs, the asset is likely to remain within its consolidation range. RSI Behavior The Relative Strength Index (RSI) is currently at 44.05, indicating neutral market conditions. The RSI is neither in an overbought nor oversold zone, reflecting balanced market conditions where neither buyers nor sellers have full control. This neutral stance suggests that the asset may either continue to consolidate or begin an upward reversal should momentum shift in favor of buyers. Breaking above the 50 mark on the RSI would be a strong sign of bullish intent, while a decline toward 30 could confirm ongoing bearish sentiment. The current RSI level indicates that PUDGY may experience some upward momentum, but it’s still too early to declare a full trend reversal. Support and Resistance Levels Pudgy Penguins has immediate support near the lower Bollinger Band at $0.00984, a level that has proven resilient in recent declines. This could serve as an accumulation zone for traders looking for a potential bounce. Resistance sits at the middle Bollinger Band at $0.01147, which must be broken for a bullish rally to gain momentum. The more significant resistance is at the upper Bollinger Band, around $0.01257, where PUDGY would likely face further challenges. If PUDGY fails to hold above the $0.00984 support level, the price could slide into a deeper correction, possibly testing $0.0090. However, a breakout above resistance at $0.01147 and $0.01257 would indicate renewed bullish enthusiasm, setting the stage for further gains. Source: Tradingview Pudgy Penguins (PUDGY) Price Predictions (2025–2029) Year Minimum Price Average Price Maximum Price 2025 $0.0090 $0.0115 $0.0150 2026 $0.0120 $0.0150 $0.0200 2027 $0.0150 $0.0180 $0.0250 2028 $0.0200 $0.0250 $0.0300 2029 $0.0250 $0.0300 $0.0350 2025 Pudgy Penguins is expected to move within a price range of $0.009 to $0.015 throughout 2025. With tightening Bollinger Bands and a neutral RSI, PUDGY is likely to experience significant movement once a clear momentum shift occurs. If the asset can break above the $0.01257 resistance, the price may reach $0.015 in the short term. 2026 By 2026, Pudgy Penguins could see broader market adoption and increased interest from both retail and institutional investors. The average price could be around $0.015, with the potential for highs near $0.020 as PUDGY attracts more attention. 2027 In 2027, the Pudgy Penguins project may see a more significant boost as the NFT market matures, and investor confidence in unique assets like PUDGY rises. The price could average around $0.018, with the potential for a push toward $0.025 if momentum continues to build. 2028 By 2028, Pudgy Penguins may solidify its place within the NFT ecosystem. A wider acceptance of NFTs and decentralized applications could see the price of PUDGY rise to the $0.020 to $0.030 range, with significant interest from collectors and long-term holders. 2029 Looking to 2029, Pudgy Penguins could potentially exceed $0.030, with a maximum price of $0.035, assuming market conditions remain favorable and adoption continues to expand. The asset’s longevity and strong community backing may help it reach new heights, cementing its position in the crypto space. Conclusion Pudgy Penguins is currently navigating a consolidation phase marked by tightening Bollinger Bands and a neutral RSI. These conditions often precede a major price movement, and the market is waiting for a catalyst. If PUDGY manages to break above its $0.01147 resistance level, the asset could enter a new bullish cycle. Over the long term, the outlook for Pudgy Penguins remains positive. With continued development and increased market awareness, PUDGY could see steady growth, with the potential to reach the $0.025 to $0.035 range by 2029. FAQs 1. What is the current market sentiment for Pudgy Penguins (PUDGY)? The market sentiment for Pudgy Penguins is currently neutral-to-bearish, with the RSI sitting near the lower neutral boundary and the tightening Bollinger Bands indicating a potential surge in volatility. 2. Can Pudgy Penguins break above the $0.015 mark in 2025? Yes, Pudgy Penguins can break above $0.015 if it holds support at $0.00984 and manages to break through resistance at $0.01147 and $0.01257. 3. How should traders approach PUDGY at its current price? Traders should monitor whether PUDGY breaks above $0.01147 or falls below $0.00984. These levels are crucial in determining the next direction of the market. 4. How does Pudgy Penguins compare to other NFTs and crypto assets? Pudgy Penguins stands out in the NFT space due to its strong community and market presence. It offers stability and growth potential, especially as the NFT market continues to mature. 5. What is the price prediction for Pudgy Penguins in 2029? By 2029, Pudgy Penguins could reach between $0.030 and $0.035, assuming continued market support and adoption of NFTs. Also Read: Toncoin (TON) Price Prediction 2025–2029: Can TON Break Above $2.00 Soon? The post Pudgy Penguins (PUDGY) Price Prediction 2025–2029: Can PUDGY Break $0.015 Soon? appeared first on 36Crypto.

Pudgy Penguins (PUDGY) Price Prediction 2025–2029: Can PUDGY Break $0.015 Soon?

2025/12/08 04:21
  • Pudgy Penguins (PUDGY) stabilizes as tightening volatility hints at a major breakout soon.
  • PUDGY nears crucial support levels while traders await a decisive momentum shift ahead.
  • Technical indicators show consolidation, suggesting Pudgy Penguins is preparing for significant movement.

Pudgy Penguins (PUDGY) is currently trading around $0.01147 as it stabilizes after several weeks of bearish pressure. The narrowing volatility, neutral RSI, and constricting Bollinger Bands suggest that the market is preparing for a breakout. With momentum slowing and the price hovering near its lower support zone, traders are closely monitoring whether PUDGY will initiate a recovery or continue its downward drift. The asset’s modest 3.33% increase in the last 24 hours indicates early signs of strengthening, but it’s not yet enough to confirm a trend reversal.


Pudgy Penguins is at a crucial juncture. As the broader crypto market attempts to stabilize, maintaining support levels could determine whether PUDGY resumes its consolidation pattern or begins an upward trend. The price action shows indecision in the market, and all indicators suggest that traders are waiting for a strong catalyst.


Also Read: Terra Classic (LUNC) Price Prediction 2025–2029: Will LUNC Hit $0.0001 Soon?


Technical Analysis

Bollinger Bands

The Bollinger Bands on the daily chart present a notable tightening pattern, with the upper band positioned near $0.01257, the middle band at $0.01147, and the lower band at $0.00984. PUDGY is currently trading beneath the middle band, reflecting a neutral-to-bearish sentiment in recent sessions. Historically, when prices remain compressed beneath the middle band, buyers tend to wait for clearer signals before making large commitments.


Should PUDGY rise above the middle band at $0.01147, it could signify the start of a bullish attempt to test the upper band at $0.01257. A breakout above that level would likely shift market sentiment toward optimism, potentially pushing PUDGY toward the $0.013 mark. On the other hand, if the price falls below the lower band at $0.00984, it could trigger further selling pressure, potentially pushing PUDGY toward the $0.009 price zone.


The narrowing of the bands suggests that the market is preparing for a substantial move. Until that breakout occurs, the asset is likely to remain within its consolidation range.


RSI Behavior

The Relative Strength Index (RSI) is currently at 44.05, indicating neutral market conditions. The RSI is neither in an overbought nor oversold zone, reflecting balanced market conditions where neither buyers nor sellers have full control. This neutral stance suggests that the asset may either continue to consolidate or begin an upward reversal should momentum shift in favor of buyers.


Breaking above the 50 mark on the RSI would be a strong sign of bullish intent, while a decline toward 30 could confirm ongoing bearish sentiment. The current RSI level indicates that PUDGY may experience some upward momentum, but it’s still too early to declare a full trend reversal.


Support and Resistance Levels

Pudgy Penguins has immediate support near the lower Bollinger Band at $0.00984, a level that has proven resilient in recent declines. This could serve as an accumulation zone for traders looking for a potential bounce. Resistance sits at the middle Bollinger Band at $0.01147, which must be broken for a bullish rally to gain momentum. The more significant resistance is at the upper Bollinger Band, around $0.01257, where PUDGY would likely face further challenges.


If PUDGY fails to hold above the $0.00984 support level, the price could slide into a deeper correction, possibly testing $0.0090. However, a breakout above resistance at $0.01147 and $0.01257 would indicate renewed bullish enthusiasm, setting the stage for further gains.


pady

Source: Tradingview

Pudgy Penguins (PUDGY) Price Predictions (2025–2029)

YearMinimum PriceAverage PriceMaximum Price
2025$0.0090$0.0115$0.0150
2026$0.0120$0.0150$0.0200
2027$0.0150$0.0180$0.0250
2028$0.0200$0.0250$0.0300
2029$0.0250$0.0300$0.0350

2025
Pudgy Penguins is expected to move within a price range of $0.009 to $0.015 throughout 2025. With tightening Bollinger Bands and a neutral RSI, PUDGY is likely to experience significant movement once a clear momentum shift occurs. If the asset can break above the $0.01257 resistance, the price may reach $0.015 in the short term.


2026
By 2026, Pudgy Penguins could see broader market adoption and increased interest from both retail and institutional investors. The average price could be around $0.015, with the potential for highs near $0.020 as PUDGY attracts more attention.


2027
In 2027, the Pudgy Penguins project may see a more significant boost as the NFT market matures, and investor confidence in unique assets like PUDGY rises. The price could average around $0.018, with the potential for a push toward $0.025 if momentum continues to build.


2028
By 2028, Pudgy Penguins may solidify its place within the NFT ecosystem. A wider acceptance of NFTs and decentralized applications could see the price of PUDGY rise to the $0.020 to $0.030 range, with significant interest from collectors and long-term holders.


2029
Looking to 2029, Pudgy Penguins could potentially exceed $0.030, with a maximum price of $0.035, assuming market conditions remain favorable and adoption continues to expand. The asset’s longevity and strong community backing may help it reach new heights, cementing its position in the crypto space.


Conclusion

Pudgy Penguins is currently navigating a consolidation phase marked by tightening Bollinger Bands and a neutral RSI. These conditions often precede a major price movement, and the market is waiting for a catalyst. If PUDGY manages to break above its $0.01147 resistance level, the asset could enter a new bullish cycle.


Over the long term, the outlook for Pudgy Penguins remains positive. With continued development and increased market awareness, PUDGY could see steady growth, with the potential to reach the $0.025 to $0.035 range by 2029.


FAQs


1. What is the current market sentiment for Pudgy Penguins (PUDGY)?


The market sentiment for Pudgy Penguins is currently neutral-to-bearish, with the RSI sitting near the lower neutral boundary and the tightening Bollinger Bands indicating a potential surge in volatility.


2. Can Pudgy Penguins break above the $0.015 mark in 2025?


Yes, Pudgy Penguins can break above $0.015 if it holds support at $0.00984 and manages to break through resistance at $0.01147 and $0.01257.


3. How should traders approach PUDGY at its current price?


Traders should monitor whether PUDGY breaks above $0.01147 or falls below $0.00984. These levels are crucial in determining the next direction of the market.


4. How does Pudgy Penguins compare to other NFTs and crypto assets?


Pudgy Penguins stands out in the NFT space due to its strong community and market presence. It offers stability and growth potential, especially as the NFT market continues to mature.


5. What is the price prediction for Pudgy Penguins in 2029?


By 2029, Pudgy Penguins could reach between $0.030 and $0.035, assuming continued market support and adoption of NFTs.


Also Read: Toncoin (TON) Price Prediction 2025–2029: Can TON Break Above $2.00 Soon?


The post Pudgy Penguins (PUDGY) Price Prediction 2025–2029: Can PUDGY Break $0.015 Soon? appeared first on 36Crypto.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Trading Moment: Markets Enter a Key Week Ending the Year, Bitcoin Holds Key Level at $86,000

Trading Moment: Markets Enter a Key Week Ending the Year, Bitcoin Holds Key Level at $86,000

Daily market data review and trend analysis, produced by PANews. 1. Market Observation Markets are holding their breath for this week's Federal Reserve meeting, with a 25-basis-point rate cut widely expected. However, contrary to conventional wisdom, since the rate-cutting cycle began in September, the yield on long-term US Treasury bonds, the anchor for global asset pricing, has risen instead of falling, triggering intense debate about the future economic path. Optimists see this as a signal of a "soft landing," while pessimists worry it's a vote of no confidence from the "bond vigilantes" regarding the high national debt and inflation risks in the US. Against this backdrop, Wall Street veteran strategists like Mark Cabana of Bank of America predict that, in addition to rate cuts, the Fed may announce a major balance sheet expansion plan of up to $45 billion per month to address potential liquidity shortages. Meanwhile, China will also usher in a super week of policy announcements, with important meetings and the release of key economic data such as inflation and social financing providing new guidance for the market. Furthermore, competition in the field of artificial intelligence is becoming increasingly fierce, with OpenAI planning to release GPT-5.2 ahead of schedule to address this competition. The financial reports of Broadcom, a chip designer and Oracle, both core players in the AI industry chain, as well as the visit of Microsoft's CEO to India, will all serve as key indicators for assessing the investment climate in AI infrastructure and the future direction of the industry. In the Bitcoin market, short-term sentiment is cautious, but long-term indicators remain resilient. Analyst Murphy, based on the MVRV indicator, predicts that Bitcoin's price may reach $85,000 to $94,000 by December 31st, and then touch the $71,000 to $104,000 range in early 2026, considering $104,000 as a key bull-bear dividing line. Several analysts consider the $86,000 to $88,000 area as key support. For example, Daan Crypto Trades points out that a break below this key Fibonacci level could lead to a price pullback to a low of $76,000, while Michaël van de Poppe believes that holding $86,000 is a prerequisite for his bullish scenario (i.e., a price break above $92,000 and head towards $100,000). On-chain data presents a mixed picture: on the one hand, Glassnode points out that ETF demand continues to weaken, and market risk appetite is declining; on the other hand, analyst @TXMCtrades emphasizes the continued rise in the "activity" indicator, and CryptoQuant data also shows that selling pressure from long-term holders has been "completely reset," which may indicate potential spot demand and the formation of a market bottom. Bloomberg ETF expert Eric Balchunas, however, offers a more macro-level reassurance to the market, believing that Bitcoin's correction this year is merely a normal cooling down of last year's extreme 122% surge. Its resilience in reaching new highs after multiple significant pullbacks makes it no longer suitable for comparison to the "tulip bubble." Regarding Ethereum, short-term market sentiment leans towards pessimism, but long-term technical patterns are showing optimistic signals. According to Nansen data, "smart money" traders are still adding to their short positions in Ethereum on the derivatives platform Hyperliquid, with net short positions accumulating to over $21 million. However, analyst Sykodelic sees a positive side in the technical charts, pointing out that Ethereum's 5-day MACD and RSI indicators, after a thorough reset, are exhibiting patterns that have historically led to significant rallies, suggesting that a market bottom is forming. In the altcoin market, the AI project Bittensor (TAO) became the focus of attention. The project will undergo its first halving on December 14th, reducing the daily token issuance by half. Grayscale analyst Will Ogden Moore commented positively, believing it marks a significant milestone in the network's maturation. He pointed out that its strong adoption momentum, rising institutional interest, and the success of the dTAO mechanism could all be catalysts for price increases. TAO rose nearly 10% intraday. The weekend saw numerous market developments, with several events and figures attracting widespread attention. Terraform Labs co-founder Do Kwon's legal case saw new developments. US prosecutors recommended a 12-year prison sentence for his "massive" fraudulent activities, and US District Judge Paul Engelmayer will deliver sentencing on December 11th. This news initially caused USTC and LUNA tokens to surge by over 100% over the weekend before falling sharply, down nearly 20% in the past 24 hours. Additionally, Binance founder CZ's joke about executive He Yi's misspelling of "DOYR" in a tweet unexpectedly spawned a meme coin with the same name. Meanwhile, Binance responded directly to community concerns, stating that it is conducting an internal review of potential corruption related to token listings. Another noteworthy piece of news comes from the intersection of the tech and cryptocurrency worlds: Moore Threads, the "first domestically produced GPU stock," saw its share price surge after listing on the STAR Market. The controversial past of its co-founder, Li Feng, has also resurfaced, including his involvement in the "Mallego Coin" project with Li Xiaolai and others, and a long-standing debt dispute with OKX founder Star involving 1,500 bitcoins (currently worth approximately $135 million). In response, Star recently stated on social media that the debt issue has been handed over to legal action and that the focus should be on the future. 2. Key Data (as of 13:00 HKT, December 8) (Data source: CoinAnk, Upbit, Coingecko, SoSoValue, CoinMarketCap) Bitcoin: $91,596 (down 2.11% year-to-date), daily spot trading volume $40.49 billion. Ethereum: $3,134 (down 6.17% year-to-date), daily spot trading volume $25.27 billion. Fear of Greed Index: 20 (Extreme Fear) Average GAS: BTC: 1.2 sat/vB, ETH: 0.04 Gwei Market share: BTC 58.7%, ETH 12.2% Upbit 24-hour trading volume rankings: XRP, ETH, BTC, MOODENG, SOL 24-hour BTC long/short ratio: 50.54% / 49.46% Sector Performance: Meme and DeFi sectors saw a slight pullback, while SocialFi and AI rose by over 2%. 24-hour liquidation data: A total of 112,699 people worldwide were liquidated, with a total liquidation amount of $416 million. This included $105 million in BTC liquidations, $169 million in ETH liquidations, and $21.92 million in SOL liquidations. 3. ETF Flows (as of December 5) Bitcoin ETFs saw a net outflow of $87.77 million last week, with ARKB experiencing the largest net outflow at $77.86 million. Ethereum ETFs saw net outflows of $65.59 million last week, with BlackRock's ETHA experiencing the largest net outflow at $55.87 million. Solana ETF: Net inflow of $20.3 million last week XRP ETF: Net inflows of $231 million last week, marking the fourth consecutive week of net inflows. 4. Today's Outlook HumidiFi: New token public sale will begin on December 8th at 23:00. The Stable mainnet will launch on December 8th at 21:00. The company formed by the merger of Twenty One Capital and CEP is expected to list on the NYSE on December 9. BounceBit (BB) will unlock approximately 29.93 million tokens at 8:00 AM Beijing time on December 9th, representing 3.42% of the circulating supply, worth approximately $2.7 million. The top 100 cryptocurrencies by market capitalization with the largest gains today are: Ultima up 7%, SPX6900 up 5.8%, Canton Network up 5.5%, Ethena up 5.1%, and Zcash up 4.5%. 5. Hot News Data: APT, LINEA, CHEEL and other tokens will see large-scale unlocking, with APT unlocking value estimated at approximately $19.3 million. This Week's Preview | The Federal Reserve FOMC announces its interest rate decision; the Stable blockchain mainnet will officially launch on December 8th. The largest short position in BTC on Hyperliquid currently has a floating profit of approximately $17 million, having reduced its position by about 20 BTC in 26 minutes. The BEAT team's linked wallet sent $1.2 million worth of tokens to a CEX, seemingly indicating a planned sell-off for profit. Twenty One Capital transferred 43,122 BTC to a new wallet. The U.S. SEC's Cryptocurrency Working Group will hold a roundtable meeting on financial regulation and privacy on December 15. Bittensor will undergo its first halving on December 14th, at which time the daily supply of TAO will decrease to 3600 tokens. ZKsync plans to abandon its early network, ZKsync Lite, in 2026. The long positions held by the "whale that opened short positions after the 1011 flash crash" have reached $164 million, and are currently showing a floating loss of $950,000. A wallet suspected to be Windemute has accumulated approximately $5.2 million worth of SYRUP tokens over the past two weeks. South Korea is considering legislation requiring virtual asset operators to bear "no-fault liability" for hacker attacks, with fines potentially increased to 3% of sales revenue. The average cash cost for public miners mining Bitcoin has reached $74,600, with a total cost of $137,800. Caixin: Last year, 3,032 people were prosecuted for money laundering related to cryptocurrencies; establishing a firewall against virtual currencies is necessary to protect normal economic and trade activities. Farcaster announces strategic shift: from a social-first approach to wallet-driven growth.
Share
PANews2025/12/08 14:48
Robinhood Sets Indonesia Footprint Through Crypto Trader, Brokerage Firms Acquisition

Robinhood Sets Indonesia Footprint Through Crypto Trader, Brokerage Firms Acquisition

Robinhood Markets has announced two key acquisitions, marking its official entry into the Indonesian market. The American financial services firm has
Share
CryptoNews2025/12/08 14:45