Vora went on to explain that the money would be used to expand the DeLabs team across departments such as business development, graphic design, content creation and event coordination. With expanded capital, he added, the startup can “launch higher quality projects” and “provide actually cool partnerships/deals/discounts/perks with real businesses.” Source
Solana vs. Polygon: A Developer’s Perspective Source
However, large token sales have impeded bonk’s price rise, which is now over 2,000% in the past week. The tokens are down over 40% in the past 24 hours as early investors took profit and crypto exchanges, such as Bybit, introduced bonk futures, allowing traders to bet against the token. Source
An exploit on Magic Eden led to the creation of fake NFTs for the popular ABD and y00ts collections. Magic Eden has said to have resolved the issue for now. On Wednesday, January 4, there was a major exploit reported on the popular NFT marketplace Magic Eden with scammers able to pass off and sell several Solana-based fake NFTs on the platform. The NFT community members created a buzz on Twitter, after allegedly spotting fraudulent NFTs listed from popular collections like ABC and y00ts. The scammers also apparently managed to…
Bonk, a meme token modeled after Shiba Inu (SHIB) that launched on Dec. 25, 2022, and some traders believe the token’s trading volume is potentially driving Solana (SOL) price up. Over the past 48-hours, SOL price has gained to 34% and Bonk is up 117% in the past 24-hours according to data from CoinMarketCap. While the wider crypto market remains suppressed, traders are hoping that Bonk could present new opportunities during the downturn. According to the project’s website, Bonk is the first dog token on the Solana blockchain. Initially, 50%…
Solana (SOL) has been ahead of the rest of the crypto market when it comes to gains. The market had seen renewed interest following the holidays which led to a small recovery here and there especially for the large players but Solana had been able to break completely from the trend and record double-digit gains in the last couple of days. What Is Driving Solana’s Growth? Despite being at the forefront of massive FUD that has dragged its price down toward two-year lows, Solana has now been able to recover…
Bonk, a Shiba Inu-themed token issued on Dec. 25, has returned some 2,220% to traders in the past week, with a 150% rise in the past 24 hours alone. The token was airdropped to Solana NFT communities and creators which led to quick hype and trading volumes for the young token, as CoinDesk reported Tuesday. Source
Sam Bankman-Fried, the now disgraced founder of bankrupt FTX, was a vocal supporter of Solana, and according to a Solana blog post in November, FTX and Alameda Research, an affiliated trading firm that Bankman-Fried also owned, purchased more than $58 million worth of SOL tokens from the foundation and its sister company Solana Labs six months after the platform first live with a test network. Source
Place/Date: – January 3rd, 2023 at 1:43 pm UTC · 3 min read Source: Orbeon Protocol Everyone knows that there has been a recent drop in the value of cryptocurrencies on the market. Prices have been falling steadily since the start of the year, and investor confidence is at an all-time low. The bright side is that viable choices are still accessible. Orbeon Protocol (ORBN) is one example of such a system. Orbeon protocol (ORBN) is in phase 3 of its presale yet its price has increased by 805% since…
Bonk was airdropped to several Solana NFT projects and has steadily gained interest among holders. Source