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Do Kwon denies owning $40 million in cryptocurrency that South Korea recently froze

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According to recent reports by South Korean media, authorities recently froze $40 million worth of cryptocurrency believed to be owned by Terra (LUNA) founder Do Kwon. After Terra’s crash and numerous requests from the public to take responsibility, authorities in Korea, Singapore, and even Interpol began searching for the now-escaping developer, despite his claim otherwise.

With the news of the asset freeze, Do Kwon responded back on Twitter, claiming that the money did not belong to him.

Terra co-founder denies holding frozen funds

The post indicated that the assets were frozen on two crypto exchanges – Kucoin and OKX. Both systems are well-known and major players in the industry, and have agreed to comply with the government’s request and freeze the assets. Prosecutors have been searching for the funds for some time, revealing last month that they wanted to freeze 3,313 BTC linked to Kwon.

The money came from a wallet linked to the Luna Foundation Guard (LFG), which is why prosecutors believe it is owned by the co-founder himself. However, the organization denied this claim, stating that it has not created new wallets, nor transferred BTC or other tokens held by LFG since May of this year, when the Terra blockchain collapsed.

After news of the asset freeze surfaced, Kwon stated that the money did not belong to him. He also stated that he did not understand “the motive behind publishing this falsehood”. In fact, he insisted that he does not use Kucoin or OKX and that he does not have time to trade, further claiming that none of his private funds have been frozen and that he does not know whose funds are currently frozen.

Do Kwon is still on the run

As mentioned earlier, Kwon has been on the run since September 14, when a South Korean court issued an arrest warrant accusing him of fraud. The accusations arose due to the collapse of the Terra ecosystem and the collapse in the prices of both LUNA (now Luna Classic (LUNC)) and the network’s stablecoin, TerraUSD (UST).

Interpol was involved in the search as well, placing Kwon on the Red Notice, a request issued to law enforcement agencies around the world to locate and arrest Kwon. A Red Notice is usually issued to fugitives, who are either being prosecuted or are supposed to be serving a sentence.

At the moment, Do Kwon’s whereabouts remain unknown, and he has even claimed on Twitter that he is “not a fugitive” but is unwilling to share his location. Previously, reports claimed he was in hiding in Singapore, but local police claimed he was not in the city-state at the time.

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AVAX/USD may soon hit the resistance at $14

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Avalanche price prediction shows that AVAX could renew the bullish trend as the coin prepares for an upward rally in the coming days.

Avalanche forecast statistics data:

  • Avalanche price now – $13.67
  • Avalanche’s market value – $4.2 billion
  • Avalanche Show – $310 million
  • Avalanche’s total supply – $404.2 million
  • Avalanche Coinmarketcap Ranking – No. 18

AVAX/USD Market

Key levels:

Resistance levels: $18, $20, $22

Support levels: $10, $8, $6

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AVAX/USD is currently trading at $13.6 with a slight gain of 1.92% since the beginning of the day. With this recovery, the coin is now hovering above the 9-day and 21-day moving averages. Avalanche It holds eighteen places in the global cryptocurrency market ranking, with a current market capitalization of $4.2 billion.

Avalanche Price Prediction: Will Avalanche Price Gain An Additional Upside?

According to the daily chart, the Avalanche price It is moving towards the $14 resistance level because an initial move above this level could boost the price more. Avalanche (AVAX) reached a daily high of $13.78 before reversing to where it is currently trading. Viewed from above, more bullish moves may be triggered if the avalanche price moves towards the upper boundary of the channel, and the nearest resistance level can be found at $15.

However, traders can see that the daily action remains in the hands of the bulls as the technical indicator’s RSI (14) moves to cross above the 50 level, based on a sustained recovery from the downside. Meanwhile, a break above the $16 level could most likely push the coin towards the potential resistance levels at $18, $20, and $22 while a decline towards the lower boundary of the channel could support the $10, $8, and $6 support levels, respectively.

When compared to bitcoin, the avalanche is seen moving north above the 9-day and 21-day moving averages. After touching a daily high of 8,119 SAT today, the coin subsequently fell back to where it is currently trading. In the meantime, the price will turn to the upside if buyers put more pressure on the market.

AVAXUSD – daily chart

Moreover, if the sellers come back into the market, the avalanche price could drop to the 7000 SAT support level and below. Currently, the RSI (14) of the technical indicator is floating above 50 as the market is facing an upward movement, while the resistance level could be located above the upper boundary of the channel at 9500 SAT and above.

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IMX/USD finally reaches the $0.5 price level

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Flat X Price Prediction for Today, December 4th: IMX/USD finally reaches the $0.5 price level

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Flat X Price Prediction for Today, December 4th: IMX/USD finally reaches the $0.5 price level

It took X is immutable The price is long enough to reach the $0.5 price level. The previously bullish price was rejected at this level on November 11th. Since then, due to the active competition for the price by the bulls and bears, the price’s upward trend has been very slow. However, the buyers started to gain the upper hand on November 29 at the $0.417 support level. This support price level forms the basis for the price in its current market position.

Unchangeable X market price statistic:

  • IMX/USD price now: $0.496
  • IMX/USD Market Cap: 362,868,762
  • IMX/USD circulating supply: 718,714,289.78
  • Total Supply IMX/USD: 2,000,000,000
  • IMX/USD Currency Market Rank: #81

key levels

  • Resistance: $0.55, $0.60, $0.70
  • Support: $0.40, $0.35, $0.30

Fixed X Market Price Analysis: An Indicators View

According to the RSI, the market is still in the middle range. Buyers need more than just to push the price into the mid-range, they need to push the price above the $0.5 price level to create a stable bull market. Also, on the MACD indicator, we now have a bullish cross in the sell zone. But this is not enough, the MACD line now needs to break out of the oversold area.

Flat X Price Prediction for Today, December 4th: IMX/USD finally reaches the $0.5 price level

IMX/USD 4-hour chart forecast

From this perspective, the bearish resistance faced by buyers is not very strong. As the buy volume in the trade goes up, the bullish price trend will continue. Once the bullish price stabilizes above the $0.5 level, the next market target is $0.6.

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The stage is set for an upward round

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Tamadoge Price Forecast for December 4: The stage is set for a bullish round

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price Tamadoji It reached the level of $0.015. This was the result of the downward breach in the last session. The buying pressure was not strong, but it managed to restore the bullish price to $0.0173. Buyers are still holding on to strong selling pressure.

Tamadoge market price stats:

  • TAMA/USD price now: $0.0159
  • Tama/Market value of the US dollar: $32,889,481
  • TAMA/USD circulating supply: 1.05 billion
  • Total Supply Tama / USD: 1,049,733,333
  • TAMA/USD currency market rating: #2715

key levels

  • Resistance: $0.017, $0.018, $0.020
  • Support: $0.014, $0.013, $0.012

Tamadoge Market Price Analysis: An Indicators View

Moving average convergence And Divergence now has a bullish crossover of its lines in the sell zone. This is a sign of bullish activities towards a price recovery. Also, the price action has caught up with the moving average and the Bollinger Bands are narrowing in preparation for the price breakout.

Tamadoge Price Forecast for December 4: The stage is set for a bullish round

Tamadoge: Tama/usd chart forecast in 5 minutes

The Tamadoji Bollinger Bands indicator indicates another price breakout as the convergence between the upper band and the lower band continues to increase. And this time, it will be an upward breakout of the price. The next stop for the bullish price will be $0.017.

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