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SoSo Daily Apr 13 | Previously, "56,995 ETH was on the verge of liquidation by a giant whale" after reducing its holdings by nearly 65 thousand ETH, effectively clearing its position.

SoSo Newsletter
4KWords
Apr 13, 2025

Let's turn our attention to today's overall Crypto market situation.
As of 12:01 PM on April 13, 2025, according to sosovalue, the total market cap of the crypto market stands at 2.78 trillion US dollars, witnessing a decrease of 0.301% compared to yesterday; the total trading volume is 85.28 billion US dollars, marking a decline of 2.14% from the previous day.


Cryptocurrency Market Update


According to sosovalue, the price of $BTC is 84,524 USD, an increase of 1.19% from yesterday. The market cap of $BTC is 1.68 trillion USD, accounting for 60.4% of the total market cap; $BTC's 24-hour trading volume is 26.08 billion USD, making up 30.6% of the total trading volume.


The price of $ETH is 1,604.5 USD, up 0.763% from yesterday; the market cap of $ETH is 193.64 billion USD, representing 6.97% of the total market cap; $ETH's 24-hour trading volume is 11.88 billion USD, comprising 13.9% of the total trading volume.


The combined market capitalization of $BTC and $ETH accounts for 67.37% of the total cryptocurrency market cap, and their combined trading volumes constitute 44.5% of the total trading volume.




After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is PumpBTC. As of 12:00 today, its market cap is 13.68M, with a coin price of 0.048000 USD, witnessing a 24-hour increase of 380%.
The second is bAI Fund. As of 12:00 today, its coin price is 0.0049400 USD, with a 24-hour increase of 349%.
The third is Amnis Finance. As of 12:00 today, its coin price is 0.071690 USD, showing a 24-hour increase of 32%.
In fourth place is tomiNet. As of 12:00 today, its coin price is 0.0034340 USD, with a 24-hour rise of 27.4%.
In fifth place is LUCE. As of 12:00 today, its coin price is 0.011890 USD, increasing by 24.4% over the last 24 hours.



Sector Performance in the Crypto Market


According to sosovalue, out of 16 sectors, 15 are up and 1 is down. Notably, the PayFi, DePIN, and AI sectors are worth mentioning.



PayFi Sector


The PayFi sector has risen by 6.38% relative to the UTC 0 time, led by gains in SVL (24.2%), klv (17.2%), and RUBY (12.2%).




DePIN Sector


The DePIN sector has increased by 4.61% relative to UTC 0, with hnt (36%), MOBILE (32.3%), and aioz (19.1%) leading the rise.




AI Sector


The AI sector has risen by 3.02%, with FHE (62.3%), hat (40.2%), and dsla (31.2%) leading the rise.





Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:

According to Wu's report, monitored by @ai_9684xtpa, the "56,995 $ETH near liquidation whale" has nearly liquidated, reducing its holdings by a total of 64,792 ETH. Since April 10, this address has sold 35,881 $ETH at an average price of 1562 and has deleveraged; three hours ago, it sold the remaining 2000 $ETH at 1575. Currently, only 688 $ETH remains, essentially achieving a full allocation in stablecoins.


Next news:Wu learned that Vitalik Buterin responded on Warpcast to questions about Ethereum's self-updating and generational changes within the community, stating that growth at the application layer requires strong social philosophical support. He used C++ as an example, pointing out that although its developer background may not be ideal, it remains universal and not easily influenced by social philosophy. The situation with Ethereum is different; the concept of decentralization profoundly impacts its development. Initiatives like light clients, POCIL, and the PoS migration all require developers who believe in decentralization to drive them forward. He emphasized that the type of applications built depends on developers' beliefs about Ethereum's future. Good applications include Railgun, Farcaster, Polymarket, and Signal, while poor applications include Pump.fun, Terra/Luna, and FTX, with the key being the differing beliefs of developers regarding their goals.
Next news:

According to TechFlow, on April 13, former U.S. President Trump posted on social media expressing his anticipation for a meeting with El Salvador's President Nayib Bukele on Monday, but did not mention cryptocurrency.


Trump stated: “I look forward to meeting with El Salvador's President Nayib Bukele next Monday. Our two countries are working closely together to eliminate terrorist organizations and create a prosperous future. President Bukele has generously agreed to take in some of the world's (especially from the U.S.) most violent foreign adversaries, to be detained in his country. These barbarians are now under the full jurisdiction of the proud sovereign nation of El Salvador, and their fate will be determined by President Bukele and his government. They will never again be able to threaten or harm our citizens!”


Previous report indicated that, according to Jin Ten Data, there are market rumors that former President Trump plans to host El Salvador's President Nayib Bukele at the White House in April.



Next news:

According to @EmberCN's monitoring, the Trump family's crypto project WLFI purchased $775 thousand worth of SEI yesterday at a price of $0.158. Over the past two months, WLFI has spent approximately $1 million USDC to acquire 5.98 million SEI through 3 transactions, with an average price of $1.67. Currently, SEI is one of the only three tokens in the WLFI portfolio that has not incurred a loss (the other two are TRX and AVAX).


Next news:

According to reports from Wu, based on monitoring by Arkham, Mechanism Capital co-founder Andrew Kang (@Rewkang) doubled his Bitcoin position this morning, bringing the value of his Bitcoin holdings to 200 million dollars, with profits reaching 6.80 million dollars.


Next news:According to reports from Bloomberg, President Trump and his family have almost ventured into all areas of the cryptocurrency industry. They have invested in NFTs and digital collectibles; a decentralized finance project; a proposed stablecoin; a Bitcoin mining plan; and a pair of memecoins, one belonging to the president and the other to First Lady Melania Trump. According to public data, even considering the market fluctuations triggered by the latest round of trade wars, the total paper profit from these projects is still close to 1 billion dollars.
Next news:

According to Deep Tide TechFlow news on April 13, based on HTX market data, $BTC has fallen below 85,000 USDT, currently reported at 84,901.37 USDT, with a 24-hour increase of 2.07%.



Next news:

Foresight News reports that, according to monitoring by Lookonchain, in the past 12 hours, another whale has sold 4.76 million Fartcoin at a price of $0.90 (worth $4.29 million).

Foresight News reports that, according to monitoring by Lookonchain, in the past 12 hours, another whale has sold 4.76 million Fartcoin at a price of $0.90 (worth $4.29 million).


Next news:

According to TechFlow news on April 13, CoinDesk senior analyst James Van Straten stated that the S&P Volatility Index surged to its highest level since August of last year this morning, indicating an increase in market uncertainty.


James also mentioned that the ratio of Bitcoin to VIX has reached a long-term trend line, which has historically marked the bottom for Bitcoin during significant market events, followed by a price rebound.



Next news:U.S. President Trump announced the exemption of tariffs on certain technology products, including smartphones, chips, computers, and other electronic products. This move provides a much-needed respite for the tech industry. According to the U.S. Customs and Border Protection, items such as memory cards, modems, diodes, and semiconductors are also exempt from tariffs. This decision will alleviate pressure on tech stocks, which have been among the biggest victims of the trade war. The cryptocurrency market is correlated with tech stocks and may rise due to positive news from the trade war. Bitcoin's price surpassed $85,000 on April 12, indicating that the crypto market has reacted to this macroeconomic development. On April 9, Trump eased tariff policies by suspending reciprocal tariffs for 90 days and reducing tariffs on countries that have not retaliated against U.S. products to 10%. Bitcoin and the S&P 500 index rose by 9% and over 10%, respectively, on the same day. Macro trader Raoul Pal stated that tariff policies are a negotiating tool in the U.S.-China trade agreement. Bitcoin supporter Max Keiser believes that the exemption of certain technology products from import tariffs will not reduce bond yields or further achieve the Trump administration's goal of lowering interest rates. The yield on the 10-year U.S. Treasury bond reached a local high of about 4.5% on April 11. Keiser pointed out that concessions on technology exports to China will not reverse the trend of rising interest rates.

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.

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