“[Pump Fun is] a huge success; I don’t think we can call it anything less,” Nicolai Søndergaard, a research analyst at blockchain analytics firm Nansen, told Unchained. “I have a lot of people now reaching out to me, who I haven’t spoken to in a while, and they’re suddenly talking about, ‘Hey, we found this thing called Pump.Fun’ or ‘Hey, we see this meme, should we do something?’”
Read More -->My colleague Scott, for instance, spoke with Alex Svanevik – CEO and co-founder of Singapore-based crypto analytics firm Nansen – to have a better understanding of how generative AI is being used to discover the “who’s who” behind crypto wallets. The AI can now identify possible crypto trades for clients, but Svanevik looks to take it a step further in automating the trades for Nansen’s clients (if they want to) in the future.
Read More -->Founded by CEO Alex Svanevik in 2020, Nansen is known in Web3 for its ability to discover the hidden identities behind crypto wallets, which helped make the Singapore-based firm one of the top analytics platforms in the blockchain industry.
Read More -->On May 30, blockchain analysis firm Nansen flagged an Ethereum “whale” as the Singaporean banking institution. According to Nansen, they have identified the whale as DBS, one of the largest banks in Singapore. Nansen estimates that the crypto wallet has already made a profit of $200 million from holding Ether
Read More -->Analysis by Nansen shows that early TRUMP holders made an ROI of over 1,600% from the PoliFi token.
Read More -->Blockchain data by Nansen Intelligence shows Tuesday net inflows to exchanges reached 81,840 ETH worth roughly $306 million at current prices, the highest amount in a day since January 23. Tuesday was also the third day in a row of inflows, marking a break from the general trend of decreasing ETH balance on exchanges, Nansen data shows. The last time ETH experienced consecutive days of inflows to exchanges was in March, near this year's peak in crypto prices.
Read More -->On Tuesday, former president Donald Trump announced that his campaign was accepting cryptocurrency in a bid to undermine “socialistic government control” and mobilize a so-called "crypto army." In just 24 hours, the price of the $TRUMP token surged by 14%, according to data from Nansen.
Read More -->Despite seeing a potential local bottom, an altcoin bull run would first require Bitcoin price to break out to the upside, according to Aurelie Barthere, principal research analyst at Nansen, who told Cointelegraph: “Altcoins are high beta crypto, they are successful when the sentiment is very bullish. Since mid-March, the sentiment among crypto investors is less exuberant. As BTC price consolidates around the 20-day exponential moving average, there is more volatility in alts. We need a break above and a clear resumption of BTC uptrend for alts to outperform.”
Read More -->The latest price moves and insights with Jenn Sanasie and Co-Founder and CEO at Nansen, Alex Svanevik.
Read More -->Nansen data showed that the largest stablecoin by market capitalization, Tether, processed $654 billion in the past 30 days, while DAI managed over $394 billion of flows and USDC saw $321 billion in trading volume. "The total for the three at $1.369 trillion is higher than the monthly average for market leader Visa in 2023," said Nansen. That compares to $1.23 trillion, the monthly average of Visa's yearly $14.8 trillion volume in 2023.
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