Top 10 Stellar Wallets Hold Nearly 80% of XLM Circulating Supply, Sparking Concerns

Despite lingering market uncertainty fueled by Donald Trump’s escalating trade war, the cryptocurrency market showed signs of recovery this week. 

On-chain data reveals that crypto whales took advantage of the volatility to accumulate select altcoins, signaling growing confidence in specific digital assets.

Dogecoin (DOGE)

Leading meme coin Dogecoin (DOGE) has received significant attention from crypto whales this week. This is reflected by the spike in the number of coins purchased over the past seven days by DOGE whale addresses that hold between 100 million and 1 billion coins.

According to data from Santiment, these DOGE holders have accumulated 1.41 billion coins worth over $220 million during the review period. As of press time, their total holdings have surged to 25.68 billion DOGE, marking the highest level since December last year.

When an asset’s large holders increase their accumulation like this, it suggests increased confidence or anticipation of future price gains. If this continues, DOGE could break above the resistance at $0.17 in the near term and climb toward $0.23.

Worldcoin (WLD)

WLD is another altcoin that has caught whales’ attention this week. The Sam Altman-linked token currently trades at  $0.74, shedding 1% of its value over the past week. 

During that period, whales holding between 100,000 and 1,000,000 WLD have accumulated 2.63 million tokens valued above $1.94 million.

If whale accumulation persists, it could make WLD buck the broader market downtrend to record gains. 

Ondo (ONDO)

The real-world asset-based (RWA) token ONDO is also on this week’s crypto whales’ list. According to Santiment, in the past seven days, whales holding between 1 million and 10 million ONDO have purchased 19.41 million, valued at approximately $17 million.

This cohort of ONDO investors currently holds 702.37 million coins. 

Should this prompt a market-wide ONDO accumulation phase, it could signal the resurgence of interest in RWA-based assets and drive further price momentum in the coming weeks. 

The post Crypto Whales Bought These Altcoins in the Second Week of April 2025 appeared first on BeInCrypto.

A critical vulnerability in the Mobius Token (MBU) smart contract on BNB Smart Chain has led to a $2.15 million loss, adding to the growing list of crypto-related exploits in 2025. Mobius is a lesser-known project within the BNB ecosystem.

The attack, confirmed by Web3 security firm Cyvers on May 11, involved a malicious hacker who took advantage of a flaw in the MBU minting mechanism.

Mobius Attacker Moves Fund Through Tornado Cash

According to Cyvers, the incident began at 07:31 UTC when a wallet (0xB32A5) deployed a rogue contract. Just two minutes later, another address (0x631adf) initiated a series of suspicious transactions.

Using only 0.001 BNB, the attacker minted 9.73 quadrillion MBU tokens and quickly exchanged them for stablecoins, netting $2.15 million. In the same process, the attacker also gained an additional 28.5 million MBU tokens.

After the exploit, the stolen assets were moved to Tornado Cash, a popular protocol that anonymizes transactions.

The method and speed of the exploit point to a calculated move to evade tracking and asset recovery. This incident further highlights the persistent vulnerabilities facing smart contract-based systems.

Meanwhile, this Mobius hack makes it the latest victim in a wave of blockchain exploits that have resulted in the loss of around $2 billion across various platforms, including Bybit.

BNB Chain Activity Surges

Despite isolated incidents like the Mobius breach, BNB Chain is witnessing a significant resurgence in user and developer activity. Over the past months, the network has reemerged as a top contender in the DeFi space.

Data from DefiLlama shows that the total value locked (TVL) on BNB Chain has surpassed $10 billion, reaching a three-year high. However, it is still significantly below the 2021 all-time high of more than $40 billion.

BNB Chain also recently claimed the top spot in the decentralized exchange (DEX) sector, outpacing both Ethereum and Solana.

Market observers noted that the network’s growth is fueled by fresh institutional interest, an increase in DeFi participation, and strong demand for on-chain assets.

Moreover, the momentum can also be partly attributed to Binance’s continued influence and Changpeng Zhao’s renewed focus on the blockchain network.

The post Mobius Token Smart Contract Hack on BNB Chain Drains $2.15 Million appeared first on BeInCrypto.

Cardano (ADA) has returned to a bearish trend following its failure to breach the $0.77 resistance. The altcoin has been facing a decline, and recent technical indicators suggest that the bearish momentum could continue. 

A surge in negative market signals has contributed to the continued downward movement, potentially pushing ADA below the critical $0.50 support level.

Cardano Investors’ Losses Surge

Currently, Cardano is experiencing the formation of a Death Cross, which marks a significant shift in market sentiment. The 200-day exponential moving average (EMA) recently crossed over the 50-day EMA, signaling the end of the altcoin’s five-month bullish momentum.

This bearish crossover is often seen as a precursor to further price declines, as it suggests that market sentiment is shifting to a more cautious, bearish outlook.

The Death Cross is a classic sign of weakening investor confidence, which has been compounded by poor market conditions. As ADA struggles to regain upward momentum, the bearish trend is likely to persist unless there is a significant change in market sentiment.

Moreover, investors appear to be moving away from ADA, further fueling the decline in its price.

In addition to the Death Cross, the overall macro momentum for Cardano is also showing signs of weakness. The MVRV (Market Value to Realized Value) Long/Short Difference has dipped below the neutral line, indicating that long-term holders (LTHs) are on the verge of losing their profits.

If this trend continues, the profitability of LTHs could shift to short-term holders (STHs), further intensifying the bearish pressure.

A continued drop in the MVRV Long/Short Difference below the zero line would signal that investors’ belief in ADA’s recovery is waning. With LTHs potentially seeing their profits evaporate, there is little incentive for them to hold on to their positions, which could lead to further price declines.

ADA Price Decline Likely

Currently, Cardano’s price is hovering at $0.57, holding above the critical support of $0.54. However, this support is the last line of defense before ADA potentially falls below $0.50. If the price continues its downward trajectory, a drop to $0.50 is a real possibility.

Should the bearish trend intensify, ADA could easily fall through the $0.50 support, extending the losses and pushing Cardano toward $0.46. This would significantly diminish any chances of a recovery and deepen the ongoing downtrend.

The only way to reverse this bearish outlook would be for ADA to secure $0.57 as a support floor. A successful break above $0.63 could restore confidence among investors, which may help avoid further losses and provide a path for recovery.

The post Cardano Death Cross Could Send Price Below $0.5 As Crucial Investors Near Losses appeared first on BeInCrypto.