Amp crypto price prediction as whale buying continues
2025-07-08 19:43:05
Main Idea
Amp token's price has significantly dropped due to declining activity on the Flexa Network, but on-chain data suggests whale accumulation and reduced exchange supply may indicate potential for a rebound.
Key Points
1. Amp's price dropped to $0.0033, down over 77% from its November peak, with its market cap falling from $965 million to $283 million.
2. The decline is linked to the total value locked on Flexa dropping to $20.8 million from $295 million earlier this year.
3. Whales have increased their Amp holdings to 10.97 billion tokens, up from 9.95 billion in February.
4. Exchange supply of Amp tokens has decreased by over 43% in the past 90 days, suggesting accumulation rather than selling pressure.
5. Technical analysis indicates a potential bullish reversal, with a double-bottom pattern forming at $0.00306 and the RSI rebounding from oversold levels.
Description
Amp crypto price has plunged and entered a bear market this year, mirroring the performance of most altcoins. Amp ( AMP ) dropped to $0.0033 on Tuesday, down by over 77% from its highest level in November last year. Its market cap has slipped from over $965 million to $283 million today. A potential reason why Amp has plunged is that the total value locked on Flexa has been in a free fall this year. It has dropped to $20.8 million, down from the year-to-date high of $295 million. Activity on the...
Latest News
- OpenSea acquires Rally Wallet to expand mobile and token trading capabilities2025-07-09 06:19:20
- Coinbase launches $5M bug bounty on Cantina to secure Base and on-chain products2025-07-09 06:18:43
- Phantom puts perps in traders’ pockets as mobile-first derivatives go live2025-07-08 20:48:26
- SharpLink’s ETH treasury experiment is starting to look like a model, not a gamble2025-07-08 20:15:41
- BioSig and Streamex eye $1.1b for a gold-backed treasury strategy on Solana2025-07-08 20:01:40