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Floki [FLOKI], that erstwhile darling of the memecoin set, has been on a tear, rallying a not-insignificant 41% in the past five days alone, all while its bulls were busy conquering critical strongholds like $0.000096 and $0.000123, now flipped to support with all the fervor of a newly minted convert 🤑

Source – X (formerly Twitter, before it became an app for existential crises)

The author of “Rich Dad Poor Dad”—a title I suspect has funded more holidays than actual financial independence—has, with characteristic fanfare, declared the precise moment he will deign to acquire more of this digital bauble and, crucially, when he shall abstain. His book, a perennial bestseller, apparently continues to assist the masses in rethinking money, though one wonders if they are truly *listening*. 🙄

Now, he’s waving his arms about the rising Altcoin Season Index. Great, so while everyone’s throwing a party for altcoins, typically a bullish sign, right? Don’t get too comfy! Historically, this has come just before Bitcoin decides to play bouncer and kick everyone out! Talk about buzzkill! 🥳✋

Sure, Bitcoin still wears the crown in overall futures open interest at $64.2 billion, compared to Ethereum’s $32.2 billion. But here’s the kicker: Ethereum’s open interest grew by 6.1% in a day, while Bitcoin’s took a 1.4% nap. 😴 Meanwhile, ETH is basking in the glow of historic inflows into spot Ethereum ETFs and a price rally that’s making even the most jaded traders blush. 🌶️

And the worst part? Those little altcoins – the ones that promised you riches beyond your wildest dreams – are starting to look a bit peaky. Capital is fleeing them like rats from a sinking ship! 🚢 A significant drop is brewing, you mark my words!

Leading the circus is none other than BlackRock’s iShares Bitcoin Trust (IBIT), pouring in a whopping $496.75 million in fresh moolah! It’s like a gold rush out there, and IBIT is the guy selling shovels! With a total of $86.5 billion in assets under management, you could say they’ve got a *few* bucks to play with. 💼✨

According to blockchain analyst EmberCN, this transfer is just the latest in a long line of suspicious transactions, following a pattern that’s as predictable as a sunrise: Ethereum (ETH) is redeemed from Aave by HTX Recovery wallet, moved to HTX hot wallet, and then transferred to Binance. Because who doesn’t love a good game of musical wallets? 🎶

Volume and momentum are backing the move like a stampede of bulls, but hold onto your hats, traders! Don’t get too comfy just yet. We might see some profit-taking or a little dip after such a sharp rise. You know how it goes – nothing lasts forever, except maybe a bad haircut. 😜

“To cloak a decentralized Ponzi scheme in the very fabric of patriotism!” Schiff declared to the digital masses, his outrage palpable as pen met paper (or rather, finger met keyboard). “Has society learned nothing from history? Or do we simply enjoy repeating our follies with renewed vigor?”