The crypto market was hit by a wave of heavy corrections as a rough weekly outing triggered cautious sentiment among investors. During the downturn, heavy liquidations were recorded as some whales took profits while others moved to limit losses. On-chain data shows increased activity from large holders of Bitcoin and Ethereum. In fact, U.S. spot Bitcoin and Ether ETFs recorded combined outflows of over $580 million on Monday, extending a broader trend of capital exits. As these heavy outflows persisted, market watchers observed whales rotating capital into a new game-based memecoin project.
According to market data, holders withdrew approximately $357.6 million from spot BTC ETFs on Monday. As expected, this significant outflow further eroded an already weakening market momentum.
Fidelity’s FBTC topped the outflow chart, with holders withdrawing $230.13 million worth of Bitcoin from the asset manager. Bitwise’s BITB came second with contribution losses totaling $44.3 million, while Ark Invest’s ARKB ranked third with $34.5 million in withdrawals.
Grayscale’s GBTC and VanECK’s HODL shed $27.5 million and $21.25 million, respectively, while other contribution instruments recorded zero net flows.
Similar to Bitcoin, Ether ETF vehicles also saw notable capital exits totaling $224.7 million, according to SoSoValue. Among the funds, BlackRock’s ETHA recorded the highest outflows at $139.1 million. At a distant second, Grayscale’s ETHE saw withdrawals of $35.1 million, followed by Grayscale’s ETH with $20.2 million in outflows.
Smaller exits were also recorded across Bitwise’s ETHW, Fidelity’s FETH, and VanECK’s ETHV, while others maintained a quiet market outing. With the market already weak, the session further reinforced bearish sentiment.
At the time of writing, Bitcoin is exchanging at $87,068 after breaking below its $90,000 support level. Ether is hovering just under $3,000 following a late-Monday breakdown.
While blue-chip assets like BTC and Ether await a bullish reversal, whales appear to be pivoting toward a new memecoin, Minotaurus (MTAUR). At its core, Minotaurus is built around a maze-based game that features customizable avatars, time-limited events, and unlockable areas.
Market commentators have pointed to MTAUR’s potential for outsized returns as a major driver of its increased demand in recent weeks. Given this underlying growth potential, some in the crypto community have dubbed Minotaurus the “1,000% coin.”
MTAUR’s value proposition also lies in its suite of unique offerings, such as vesting incentives and referral bonuses. With this reward-based model, Minotaurus departs from the hype-driven fundamentals that characterize most memecoin projects.
Early participants can also take part in a 100,000 USDT giveaway, with winners receiving up to 50,000 USDT.
Experts note that this blend of blockchain innovation and Web3 gaming technology positions MTAUR as one of the most promising market plays in the current cycle.
Some analysts have highlighted MTAUR’s sub-zero price as another feature that could appeal to smart money holders. Each token is priced at 0.00012605 USDT in its current pre-launch stage, meaning a 100 USDT contribution would yield approximately 805,217 MTAUR tokens.
If we use this initial contribution as an example, knowing the listing price of the MTAUR token will be 0.0002 USDT, the original 805,217 tokens would lead to a 60 USDT gain.
Once launched, a bullish movement leading to a price of 0.02 USDT, a trajectory often seen with gaming tokens, would turn the initial 100 USDT into 16,104.
If we go even further, supposing MTAUR were to replicate XRP’s 75,000% rise from its all-time low, a 100 USDT contribution could potentially grow to 75,000 USDT. More so, a 1,000 USDT or 10,000 USDT MTAUR portfolio could skyrocket to life-changing figures, assuming the asset reaches even a fraction of Bitcoin’s all-time high value.
With the token’s value expected to increase as the project progresses, early entry may offer the greatest upside. Holders looking to position themselves for strategic market opportunities can join the Minotaurus project now.
