Whale Alerts and Hacked Accounts Update
A study by Presto Research shows that large exchange deposits have weak predictive power for price declines, while VC and MM deposits offer slightly better, yet still limited, effectiveness as trading signals. In related news, Foresight Ventures’ X account was hacked, spreading fake AI crypto news, following a similar incident with Litecoin’s account promoting fraudulent tokens. Additionally, the newly launched AICC has reached a market cap of over $130 million, but faces scrutiny over its lack of transparency. Also, Morpho markets have capped positions eligible for migration with deprecated rewards for old markets. Presto ResearchAICC DashboardUsual Update
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