🐳 The Big Sell-Off? ETH Whales are Moving Their Money.

August 26, 2022

Seedphrase Daily 👋 Your crypto friend’s you can always count on like a calculator 🧮.

Today's Agenda 📰:

  • 🐳 The Big Sell-Off? ETH Whales are Moving Their Money.  

  • ❄️ Free NFT Airdrop for Reddit Users

  • ⏮ Weekly Wrap. 

  • 🎤 Snoop Dogg and Eminem's first metaverse performance. 

We talked about the importance of tracking whales yesterday. 

Well, today, we were snooping around and found something interesting: 

  1. Whale on-exchange addresses have increased 78% over the past three months. 

  2. Whale non-exchange addresses declined by 11%.

But what does that even mean? ✋

Glancing at the charts could make you feel a little hope- but you'd be so wrong.

ETH's recent pump to $2k was because of hype for the merge on September 10-20. But its anticipated to be short-lived, with experts speculating it will dump after being released. 

The Whale Trading Strategy

Simply put, their strategy is: "buy the rumor, sell the news."

Whales are moving their ETH onto exchanges like hot cakes. I smell blood on the streets. It wouldn't be a bad idea to start considering a sell strategy before the merge, so you don't get dunked on. Again.

⚜️ Golden Nugget: Don't get left holding the bag. ETH will likely dip on the day of launch. It could be your time to enter at a lower price. Shorting and leveraging are some other options. No matter what you do, the most critical part is to plan your trade and trade your plan. 

🆓 Free NFT Airdrop for Reddit Users

Reddit will airdrop free NFT avatars to users who earned a ridiculous amount of Karma points, a score for their contributions to Reddit communities. 

The NFTs are called "Collectible Avatars" and can be minted on Polygon. 

The four styles are👇 : 

  • Aww Friends

  • Drip Squad

  • Meme Team

  • The Singularity. 

It will pop up on your feed if you qualify. If not, Reddit offers NFT avatars through its platform and will range in price from $9.99 to $99.99. 

Reddit is the 7th most visited site in the U.S.

Lots of people turn to Reddit over Google to find content. Personally, I go to Reddit when I need to know who would win in a hand-to-hand combat fight to the death: Do Kwon or Vitalik. 

Reddit is a community. It's a culture. It's a way of life.....

Maybe I'm getting carried away, but NFT's are a great idea for the Reddit community. Everyone wants to be a special snowflake. ❄️

Did you miss anything this week? Here are some big topics we have covered in depth already. 

Now you’re ready for Monday! ☀️

HipHop OGs Snoop Dog and Eminem are headlining the Video Music Awards. 

On Sunday, they'll perform their new song, From the D to The LBC, inside the YugaLabs' Otherside Metaverse.

The music video featured their bored apes and has racked up 46.7M views. 

Oh, I forgot to mention. The VMAs collect over half a BILLION social media views during air time! That's a lot of eyes on the apes. 

No matter how good or bad it is, it will be a moment to put in the history books for Hip-Hop and NFTs. Tune in Sunday at 8 pm! 👇

You still haven't dipped your toes in Web3? 😱

Now's your chance to partner with Seedphrase Daily so we can build this space together. 

We aim to educate everyday people on subjects they might think are hard. So, we make it easy. By giving breakdowns, tips and opportunities to make money. There's never a dull moment. 

🌱 NewSeeds 

Cyber Criminals Have stolen over $100M in NFTs: Report. Stop clicking the links guys. 😔

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research

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