One cannot help but chuckle at the irony, for Binance’s dear founder, CZ, once proclaimed with the gravity of a Shakespearean soliloquy that TST was but a test token, a mere figment in a tutorial video. He assured us, with all the conviction of a man selling ice to Eskimos, that the private key had been deleted-a digital euthanasia, if you will. 🗝️💨
Selling pressure accelerated between 11:00 and 13:00 UTC, when trading volumes surged to between 1.12 trillion and 2.16 trillion tokens. One can only imagine the panic in the trading pits, with large holders rotating out of positions like a well-rehearsed chorus line. The sell-off drove BONK down 8% to a low of $0.00002554, testing the key technical support near $0.00002620. It was a sight to make even the most stoic investor reach for their smelling salts. 💦💔
But alas, this triumph is but a flicker in the gloom, for the RWA sector itself is a sinking ship, trailing behind its flashier blockchain brethren. 🌊
But why stop there? 🤑 The company, listed on the Euronext Growth Paris ($ALCPB), dreams of a utopia where it owns 3,000 BTC by the end of fiscal 2025-a mere whisper away on September 27th. And their grandest delusion? To clutch 1% of all Bitcoin by 2033. Ambition, thy name is greed! 😏 Since November, their Bitcoin yield has ballooned to a staggering 1,519.5% YTD. Numbers, numbers, numbers-the opium of the corporate soul.
Two additional transfers from Ripple contributed another 500 million tokens, bringing the grand total to a jaw-dropping $3.28 billion. The timing of these transactions, occurring outside the customary schedule, left many scratching their heads in confusion, as if they had just witnessed a cat performing ballet. 🐱💃
Now, at the time of this grand proclamation, Bitcoin (BTC) was strutting its stuff at a cool $120,130 on Binance, which is a mere 0.7% increase over the past week. It had recently flirted with the idea of hitting $122,335, and let’s not forget those nerve-wracking support zones around $102,200 and $92,876. You could practically hear the collective gasps of market participants as they clutched their pearls. 😱
As of Monday morning, Bitcoin price today sits at a jaw-dropping $122,084, up 3.4% in just 24 hours. It’s practically knocking on the door of its all-time high like an overeager salesman. Could this be the start of a new era? Or just another bubble waiting to burst? Only time-and perhaps a few more tweets-will tell.
But hark! Under a crooked streetlamp lurks Mr. Peter Schiff, a man whose moustache alone could be subpoenaed for pessimism. He waves a finger long enough to stir soup, crying, “Behold! More innocents tumble head-first into history’s most gargantuan pyramid of pixelated beans!” The townsfolk laugh, then glance nervously at their phones, for even laughter fears Wi-Fi lag. 📉
Pi’s been partying – jumped about 13% this week, but don’t get too excited. Some smart folks are saying it’s just a temporary buzz-mainly ’cause there’s a ton of tokens ready to fall out of the sky onto exchanges. 🙄
This most recent rebuff raises an eyebrow and a question: what becomes of the delicate support at $0.00001000? If the sellers become a more lively crowd, it could be quite the spectacle-possibly leading to a dip into treacherous waters. The quiet of waning trading volume only adds to the cautious airs, as if the market itself is holding its breath, unsure whether to support or abandon our canine compatriot. Alas, all signs suggest that without a spirited surge in activity, our dear SHIB may merely dance fleetingly before retreating to safer cornerstones, if not suffering more grievous setbacks. The technical evidence further supports this portent of trouble-an attempted double-top reversal thwarted outright, leaving us to ponder whether the market’s true nature leans more toward darkness than light.