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- Whales Been Front Dumping Hard This Month 💩
Whales Been Front Dumping Hard This Month 💩
There's front running and then there's the institutional GTFO equivalent called front dumping
Jonathan Morgan
July 30, 2025
OVERVIEW
Whales Been Front Dumping Hard This Month 💩
Before we dive in, here’s today’s crypto market heatmap:
Source: Santiment
And here’s a look at crypto’s total market and altcoin market cap charts:
Source: TradingView
NEWS
EO 14178: Trump Swiped Left On CBDCs, Hit Save For Later On Bitcoin Piggy Bank 🐷
There once was a dream of a Strategic BTC Reserve - and we kind of got one back in March with a promise that it would be official and done in the future. We’re just not at that future date yet. 😐️
Today’s Executive Order (EO 14178) from President Trump was essentially an official way for the President to sell institutional crypto and retail crypto alike: they’re still working on it.
You can click that link above to read the full Executive Order, or here’s a TL;DR version:
CBDCs? Banned. Agencies can’t even doodle about them on a napkin.
Regulatory reset. A new Working Group has 180 days to gut the Biden‑era maze and spit out friendlier rules.
Strategic Bitcoin Reserve? The EO says, “go study it.” A follow‑up order in March created one, seeded with forfeited coins.
Actual plan to buy BTC? Not yet. Treasury must keep it “budget neutral,” meaning seized bags only; no taxpayer dip‑buying spree.
Industry reaction: Cheering the vibe, grumbling about the missing meat. The first Working Group report dropped today and punted the reserve details to “later.”
We’ll keep you updated as this policy development continues to, um, develop. 🧠
NEWS
Kraken Wants $500 Million Before Ringing Wall Street’s Bell 🦑
The second‑largest U.S. exchange (and oldest exchange) thinks the market will happily hand it another half‑billion at a cool $15 billion valuation; why settle for 11 when you can flex with 15. 🤷
Show Me the Money
If investors bite, this would be the biggest crypto raise since Circle’s pre‑IPO cash grab and eToro’s SPAC circus. Kraken’s coffers already swelled in 2024 - $1.5 billion revenue, $380 million EBITDA, and enough trading fees to annoy Coinbase bulls at happy hour.
Toss in the $1.5 billion NinjaTrader buy announced in March, and the exchange is basically speed‑running diversification: futures, equities, payments, whatever prints fees.
Bloomberg rumor-mill says Kraken wants to list as early as Q1 2026, cash‑rich and regulator‑light. Daily volumes hover around $1.37 billion across 1,100 pairs - roughly half Coinbase’s flow but with more toys to trade. 🔢
STOCKTWITS UPDATE
A new way to scan the market — through sentiment.
Stocktwits now shows the Most Bullish and Most Bearish stocks and crypto based on live community sentiment.
That means you can instantly see:
Which tickers have the strongest bullish momentum
Where bearish sentiment is stacking up
How the crowd’s positioning shifts as the price moves
It’s a great way to scan for watchlist ideas, track crowd conviction, or pressure test your thesis before a trade. The sentiment’s already out there. Now it’s ranked.
ON-CHAIN ANALYSIS
People Been Dumpin Hard In July 💩
Tomorrow, you’re going to see how Bitcoin, Ethereum, and some other cryptocurrencies have historically performed in the month of August. 👀
Spoiler: it sucks.
And it could be that some big wig people with big wallets are aware of the major suckage that is August - because they have been dumping like crazy this month.
80k BTC estate cash‑out - Galaxy Digital quietly dripped 80,000 coins ($9B) from a Satoshi‑era hoard into OTC desks and exchange books.
Dormant‑whale season opener (July 4) - Two 2011 wallets jolted awake, moving a combined 20k BTC ($2B).
14‑year snoozer (July 24) - A single address punted 3,962 BTC ($468M) after a cautious 0.0018 BTC test ping. Nice 310,000 % gain since 2011, champ.
T‑minus FOMC dump tease (July 29) - A 2013 OG slid 342 BTC to Kraken, shipping 130.77 BTC ($15M) straight to order books.
Chris Larsen unloads 50M XRP - Ripple’s co‑founder shuffled $140M to exchange‑tagged addresses mid‑rally.
PUMP insiders still… pumping and dumping - 13.75B tokens ($55 M) hit Wintermute; total insider drains near 25.5B for $141M. Rumor says a PE fund lobbed 3.75B to Coinbase - screenshots or it didn’t happen.
Unlock parade - JUP (53.47M / $32M), TRUMP (90M, now nearly $900M at $10), Pi’s 337M finale, plus $27M from Avail‑Venom‑AltLayer. Week 5 alone schedules $833M; August unlocks? I stopped trying to write them all down after $3B.
Whale profit‑taking in SOL & DOGE - Early‑July alt rally fizzled as big wallets clipped 5‑8% off highs.
SHIB “whale exodus” - Top wallets quietly shaved positions, helping drag SHIB 30% off its yearly peak.
There’s a lot more example out there, but I hope the point is made: lots of old wallets and big wallets have been selling into the rally. This, however, prices have remained stable.
So far. 🕵️♂️
NEWS
Florida Sheriff’s Crypto Grab Backfires Hard 🚔
Volusia County froze and sold 1.19 BTC from an EU‑brokerage after Wisconsin cops asked for backup on a measly $20 k scam, but the warrant had no case number and the blockchain said “wrong wallet.” 😏
So now the sheriff now has to undo everything and foot the lawyer bill.
Why Wisconsin Got Dragged In 🤦
Scam victim lived in Waupaca County, so Badger‑State detectives pinged Volusia’s cyber squad for the heavy lifting.
Wisconsin owned zero crypto infrastructure; Volusia liquidated 0.93733 BTC and air‑mailed a $95,030.59 check under a fuzzy “mutual‑aid” handshake.
Where the Plan Imploded 🤯
Sealed warrant never filed and carried no case number - due‑process dumpster fire.
Blockchain tracing showed zip between the brokerage wallet and the $20k fraud.
Kraken stash was $450k-ish when frozen; BTC’s pump pushed it past $700k while cops fumbled the handoff.
Cleanup on Aisle Volusia 🧹
Unfreeze and return every satoshi to the brokerage.
Claw back Wisconsin’s $95 k paper check.
Pay Sammis Law’s tab for wasting everyone’s time.
Note to law enforcement and attorneys everywhere: read the ledger before playing lawman next time, it’s literally public and there for a reason. 🤡
NEWS IN THREE SENTENCES
AI, Stablecoins, & Privacy News 🕵️
🕵️ Monero GUI 0.18.4.1 Drops Bug Fixes and P2Pool Update
New “Fluorine Fermi” release patches quirks, bumps P2Pool to 4.8.1, and ships fresh binaries for every OS. Eight contributors, 35 lines changed - privacy zealots rejoice. If you still run the old wallet, that’s a public-facing OPSEC fail. Monero.
💵 Axelar Publishes Playbook for Banks That Want Their Own Stablecoin
Guide compares fiat-backed, crypto-collateral, hybrids, and deposit tokens, plus legal checklists from the US to Japan. Cross-chain distribution handled by Axelar so issuers skip bridge headaches. Axelar.
🔄 Dash Gets One-Click QR Swaps via Maya and LeoDEX
Sometimes the missing feature is just a barcode. Any Dash wallet can now scan a QR, send coins, and receive another asset through Maya’s cross-chain pools - no Web3 plugin, no keystore gymnastics. The fix turns a UTXO dinosaur into a DeFi tourist. Dash.
NEWS IN THREE SENTENCES
Metaverse, NFT, & Gaming News 🎮️
🎮 Reaper Actual Drops Persistent Shooter on Etherlink with Optional Web3 Loot
John Smedley’s new MMOFPS keeps bases raided 24/7 and lets on-chain players trade gear in a Tezos rollup marketplace. Steam users get the same game minus crypto drama. If gamers ever warm to ownership, DPS already laid the pipes. Tezos.
🎵 Web3 Music Still Can’t Beat Major Labels Because It Ignores Real Problems
Most crypto music startups built for hypothetical fandom instead of solving royalty pain or venue logistics. Projects like Billfold on Polkadot finally hide the blockchain and just make backstage passes seamless. Polkadot.
💧 Europa Hub Keeps SKALE Liquidity in One Zero-Gas Pool
Europa routes tokens and apps across SKALE’s chains so swaps stay cheap and composable. With 890 k users, $190 M gas saved, and Sushi trading free, it’s the network’s bloodstream. Gas fees? Europa filed them under “historical artifacts.” SKALE Network.
NEWS IN THREE SENTENCES
Real World Asset Tokenization News 🪙
🏦 Tokenized RWAs Hit $25 B While Stablecoins Top $244 B
Institutions grabbed 1.4M BTC via ETFs and now chase real-world debt, treasuries, and commodities on-chain. Yield-hungry funds love instant settlement and 24/7 markets. Reactive Network.
🔄 Polymesh 7.3 Loosens KYC for POLYX Transfers and Adds Conditional Settlement
Users can now stake and move POLYX without passing CDD, while asset deals still stay compliance-heavy. Mediators can lock instructions until off-chain conditions trigger, enabling fancy cross-chain workflows. Regulators get their audit trail, plebs get fewer pop-ups. Polymesh.
NEWS IN THREE SENTENCES
DeFi, DEX, & Lending News 🏦
🌐 Ika Lets Sui Smart Contracts Boss Assets on Other Chains
Ika’s sub-second MPC network hands Sui devs a DWalletCap object to sign Bitcoin, Ethereum, whatever - no bridges, no waiting. Early partners are cooking BTC lending, estate transfers, and AI-guarded DeFi. Cross-chain just went from spaghetti to single dashboard. Sui.
NEWS IN THREE SENTENCES
Network & Protocol News 📰
🏦 Quant Says Programmable Bank Accounts Will Gut Card Networks
Card giants might want a side hustle soon. Central banks push A2A rails where money follows smart rules - split salaries, pay on delivery, auto-withhold taxes - no Visa tolls. Quant already tested the tech and claims instant settlement beats plastic every time. Quant.
🚅 Espresso Gives Arbitrum Rollups Five-Second Finality Without the Trust Hangover
Arbitrum chains can now post blocks to Espresso’s HotShot layer and skip Ethereum’s 15-minute coffee break. Early adopters like RARI Chain and LogX already pumped TVL and wallets thanks to Espresso’s growth bribes. Arbitrum.
LINKS
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Author Disclosure: The author of this newsletter holds positions in ADA, IMX, COPI, MIN, AGIX, ALGO, ZEC, XLM, and NEAR. 📋
