NEW: Unlock the Future of Finance with CRYPTO ENDEVR - Explore, Invest, and Prosper in Crypto!
Crypto Endevr
  • Top Stories
    • Latest News
    • Trending
    • Editor’s Picks
  • Media
    • YouTube Videos
      • Interviews
      • Tutorials
      • Market Analysis
    • Podcasts
      • Latest Episodes
      • Featured Podcasts
      • Guest Speakers
  • Insights
    • Tokens Talk
      • Community Discussions
      • Guest Posts
      • Opinion Pieces
    • Artificial Intelligence
      • AI in Blockchain
      • AI Security
      • AI Trading Bots
  • Learn
    • Projects
      • Ethereum
      • Solana
      • SUI
      • Memecoins
    • Educational
      • Beginner Guides
      • Advanced Strategies
      • Glossary Terms
No Result
View All Result
Crypto Endevr
  • Top Stories
    • Latest News
    • Trending
    • Editor’s Picks
  • Media
    • YouTube Videos
      • Interviews
      • Tutorials
      • Market Analysis
    • Podcasts
      • Latest Episodes
      • Featured Podcasts
      • Guest Speakers
  • Insights
    • Tokens Talk
      • Community Discussions
      • Guest Posts
      • Opinion Pieces
    • Artificial Intelligence
      • AI in Blockchain
      • AI Security
      • AI Trading Bots
  • Learn
    • Projects
      • Ethereum
      • Solana
      • SUI
      • Memecoins
    • Educational
      • Beginner Guides
      • Advanced Strategies
      • Glossary Terms
No Result
View All Result
Crypto Endevr
No Result
View All Result

Crypto whales shift to Algotech presale as BONK, SUI lead losses

Crypto whales shift to Algotech presale as BONK, SUI lead losses
Share on FacebookShare on Twitter

Disclosure: This content is provided by a third party. crypto.news does not endorse any product mentioned on this page. Users must do their own research before taking any actions related to the company.

Crypto Whales Pivot to Algotech Presale, BONK and SUI Struggle with Significant Losses

The Shift in the Digital Asset Market

Crypto whales, a group of wealthy investors, have started selling off their positions in small-cap tokens such as BONK and SUI. This sudden movement of money is being fueled by the increased attractiveness of Algotech’s presale. The aftershocks from this seismic shift in the industry have caused panic among digital asset holders, with BONK and SUI leading the way down.

BONK Faces Bearish Trends, Price Struggles at $0.000022 Support

BONK, the coin that claims to be “the meme killer,” finds itself in a dangerous situation amid this ongoing market chaos. Despite initial optimism and a dedicated community, the token has failed to breach a key resistance trend line, which would have allowed it to escape further decline.

Instead, BONK got caught up in a descending wedge pattern, which is a bearish technical formation frequently preceding more downward price activity. Short bets are being made on the meme coin as indicated by the sentiment among investors who have driven down the funding rate to -0.0215%. At press time, BONK’s price is hanging on the $0.000022 support line, but according to bearish signals around this token, it may soon drop below this level, too. All technical indicators look bleak – for example, the Relative Strength Index (RSI) is below the neutral 50.0 line.

SUI Token Dives 47.58% from ATH, TVL Falls

While BONK’s struggles have garnered attention, the plight of SUI, the native token of the Sui blockchain ecosystem, has been equally concerning. SUI has plunged a staggering 47.58% from its all-time high of $2.18, with the current price hovering around $1.14. Over the past week, the coin dipped by 10%.

Adding to SUI’s woes is the significant decline in its total value locked (TVL), a key metric that measures the total amount of cryptocurrency locked in decentralized finance (DeFi) protocols within a particular blockchain ecosystem. According to data from DefiLlama, the token’s TVL has tumbled from its record high earlier this year, currently sitting at around $603 million.

This drop in TVL suggests a decrease in user engagement and locked funds within the Sui ecosystem, mirroring the broader negative sentiment plaguing the cryptocurrency market. Analysts point to a confluence of factors, including rising inflation concerns, ongoing geopolitical tensions, and a general risk-off sentiment among investors, as potential contributors to the downturn.

Algotech Presale Becomes Beacon of Hope Amid Market Turmoil

Algotech (ALGT) presale, meanwhile, is positioning itself as a light at the end of the tunnel for those who have lost hope in these turbulent times. This particular project seeks to provide an entirely new approach toward algorithmic trading through the employment of advanced technologies and automation.

One thing that has really caught the attention of long-term investors is Algotech’s variety when it comes down to different types of algorithms suitable for various market conditions and trading styles as well – not forgetting about its strong technological backbone, which can handle high volume trades without any delay or failure.

With more than $4.2m already raised during the Algotech presale stage alone, this event keeps attracting lots of whales within the crypto space who are interested in finding fresh investment avenues; the current price being 0.08 ALGT tokens while the next stage going up to 0.10 ALGT only serves to heighten appeal around Algotech even further.

To learn more, visit the Algotech presale or join the Algotech community.

Conclusion

In conclusion, the shift in the digital asset market, led by crypto whales, has caused significant losses for BONK and SUI. However, Algotech’s presale offers a beacon of hope for those looking for fresh investment opportunities. With its unique approach to algorithmic trading and strong technological backbone, Algotech is positioning itself as a potential game-changer in the cryptocurrency market.

FAQs

Q: What is the reason behind the decline in BONK’s price?
A: BONK’s price decline is attributed to the failure to breach a key resistance trend line, getting caught up in a descending wedge pattern, and bearish technical signals.

Q: What is the current price of SUI token?
A: The current price of SUI token is hovering around $1.14, having plunged 47.58% from its all-time high of $2.18.

Q: What is the total value locked (TVL) of SUI token?
A: According to data from DefiLlama, the TVL of SUI token has tumbled from its record high earlier this year, currently sitting at around $603 million.

Q: What is Algotech’s presale price?
A: The current price of Algotech’s presale is 0.08 ALGT tokens, with the next stage going up to 0.10 ALGT tokens.

Q: Where can I learn more about Algotech?
A: You can visit the Algotech presale or join the Algotech community to learn more about the project.

cryptoendevr

cryptoendevr

Related Stories

BlockDAG Presale Raises 2M, Offers 3,025% Profit Potential Pi Network Unlocks 19.2M Tokens, Price May Drop SUI Stable at .78, Attracts Builders with Steady Growth Hyperliquid Gains 300% Since April, Trades at  – AInvest

BlockDAG Presale Raises $332M, Offers 3,025% Profit Potential Pi Network Unlocks 19.2M Tokens, Price May Drop SUI Stable at $2.78, Attracts Builders with Steady Growth Hyperliquid Gains 300% Since April, Trades at $38 – AInvest

July 6, 2025
0

Rewrite the BlockDAG Presale Raises $332M, Offers 3,025% Profit Potential Pi Network Unlocks 19.2M Tokens, Price May Drop SUI Stable...

Pepe 🐸 coin Lates update Hbar coin Lates update Lcx Lates update Bitcoin Latest update Xlm coin Latest update sui coin Lates update pepe prediction Habar prediction Lcx prediction sui prediction $SOL $BNB $SOL #SaylorBTCPurchase #SaylorBTCPurcha – Binance

Pepe 🐸 coin Lates update Hbar coin Lates update Lcx Lates update Bitcoin Latest update Xlm coin Latest update sui coin Lates update pepe prediction Habar prediction Lcx prediction sui prediction $SOL $BNB $SOL #SaylorBTCPurchase #SaylorBTCPurcha – Binance

March 26, 2025
0

Cryptocurrency Updates Pepe Coin (PEPE) Latest Update Date: March 10, 2023 Price: $0.0164 Market Cap: $1,342,000 24h Volume: $12,300 Change...

IntelMarkets (INT) Will Outperform SUI and Ripple (XRP) as Bullish 743% Rally Looms on Horizon

IntelMarkets (INT) Will Outperform SUI and Ripple (XRP) as Bullish 743% Rally Looms on Horizon

August 30, 2024
0

Embracing the Future of Crypto Trading: IntelMarkets (INTL) Shines Bright Introduction While SUI and Ripple (XRP) are facing losses, an...

Tron-Based SUN Token Soars 197% Amid SunPump’s Momentum

Tron-Based SUN Token Soars 197% Amid SunPump’s Momentum

August 24, 2024
0

Here is the rewritten content: Memecoin Frenzy Hits Tron Network The memecoin frenzy has reached the Tron Network after the...

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Cryptocurrency News Live: Bitcoin & Ethereum Updates – Moneycontrol

Cryptocurrency News Live: Bitcoin & Ethereum Updates – Moneycontrol

July 10, 2025
Iran / US Retaliation & Correlation with Crypto 📈

Iran / US Retaliation & Correlation with Crypto 📈

July 10, 2025
Ether Rally To K Possible As ETF Flows, Futures OI Soar

Ether Rally To $3K Possible As ETF Flows, Futures OI Soar

July 10, 2025
Rex-Osprey Solana staking ETF doubles cumulative inflows to M on July 8

Rex-Osprey Solana staking ETF doubles cumulative inflows to $41M on July 8

July 10, 2025
BTR: AI, Compliance, and the Future of Mainframe Modernization

BTR: AI, Compliance, and the Future of Mainframe Modernization

July 10, 2025

Our Newsletter

Join TOKENS for a quick weekly digest of the best in crypto news, projects, posts, and videos for crypto knowledge and wisdom.

CRYPTO ENDEVR

About Us

Crypto Endevr aims to simplify the vast world of cryptocurrencies and blockchain technology for our readers by curating the most relevant and insightful articles from around the web. Whether you’re a seasoned investor or new to the crypto scene, our mission is to deliver a streamlined feed of news and analysis that keeps you informed and ahead of the curve.

Links

Home
Privacy Policy
Terms and Services

Resources

Glossary

Other

About Us
Contact Us

Our Newsletter

Join TOKENS for a quick weekly digest of the best in crypto news, projects, posts, and videos for crypto knowledge and wisdom.

© Copyright 2024. All Right Reserved By Crypto Endevr.

No Result
View All Result
  • Top Stories
    • Latest News
    • Trending
    • Editor’s Picks
  • Media
    • YouTube Videos
      • Interviews
      • Tutorials
      • Market Analysis
    • Podcasts
      • Latest Episodes
      • Featured Podcasts
      • Guest Speakers
  • Insights
    • Tokens Talk
      • Community Discussions
      • Guest Posts
      • Opinion Pieces
    • Artificial Intelligence
      • AI in Blockchain
      • AI Security
      • AI Trading Bots
  • Learn
    • Projects
      • Ethereum
      • Solana
      • SUI
      • Memecoins
    • Educational
      • Beginner Guides
      • Advanced Strategies
      • Glossary Terms

Copyright © 2024. All Right Reserved By Crypto Endevr