Tag: Token

Memecoin Rug Pull? Base Faces Backlash After 90% Token Crash

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Coinbase’s Layer-2 (L2) Network, Base, has faced intense backlash over rug-pull allegations after it promoted an unofficial memecoin that crashed by over 90%, sparking a debate about the future…

Melania Token Tanks 5% as Insider Dumping Stirs Controversy

Key Notes Insiders have sold over 13 million MELANIA tokens, worth over $8 million, in the past month. Wallets connected to the MELANIA team control 92% of the token’s supply, raising concerns. The MELANIA token price has plummeted by over 97% from its peak, attracting criticism. While most of the meme coin market basked in green on April 17, the Official Melania Meme MELANIA $0.41 24h volatility: 3.7% Market cap: $160.44 M Vol. 24h: $19.56 M token slipped 5% to trade around $0.40. The drop follows another round of token…

Mantra OM token crash exposes ‘critical’ liquidity issues in crypto

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Mantra’s recent token collapse highlights an issue within the crypto industry of fluctuating weekend liquidity levels creating additional downside volatility, which may have exacerbated the token’s crash. The Mantra (OM) token’s price collapsed by over 90% on Sunday, April 13, from roughly $6.30 to below $0.50, triggering market manipulation allegations among disillusioned investors, Cointelegraph reported. While blockchain analysts are still piecing together the reasons behind the OM collapse, the event highlights some crucial issues for the crypto industry, according to Gracy Chen, CEO of the cryptocurrency exchange Bitget. “The OM…

Bitget Burns $130 Million BGB 2.5% of the Total Token Supply

This content is provided by a sponsor. PRESS RELEASE. Victoria, Seychelles, April 17th, 2025 – Bitget, the leading cryptocurrency exchange and Web3 company, has completed the burn for 30 million Bitget Token (BGB) as per its previously shared burn mechanism plan for the quarter. At the time of the burn, this represented a market value […] Source BitcoincryptoexchangeExchanges CryptoX Portal

WalletConnect Token (WCT) Rallies 36% on Back of Upbit Exchange Listing

Key Notes Upbit listing announcement brought an impressive upward momentum for WCT. WalletConnect Token reached new all-time highs. The price hike comes while the crypto market struggles in the bear zone. WalletConnect Token recorded a strong rally after the leading South Korean crypto exchange Upbit announced the listing. According to the official announcement, Upbit will enable WCT transactions at 09:00 UTC on April 16. The exchange will support the Optimism-based token with the Korean won, Bitcoin BTC$83 70424h volatility:2.5%Market cap:$1.66 TVol. 24h:$26.25 Band USDT trading pairs. WCT has already been…

Ethena Fined €600K by German Regulator and Ordered to Reverse USDe Token Issuance

Ethena GmbH has been ordered by the German Federal Financial Supervisory Authority (BaFin) to wind up its business related to the issuance of its USDe tokens. BaFin revealed it found serious deficiencies in Ethena GmbH’s operations during the authorization procedure and imposed sanctions, leading to the requirement for the company to reverse its USDe token […] Source CryptoX Portal

Mantra CEO says OM token recovery ‘primary concern’ but in early stages

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Mantra CEO John Mullin addressed key concerns from the community following the sharp decline in the OM token during an Ask Me Anything (AMA) session hosted by Cointelegraph on April 14. Mullin reassured users that Mantra and its partners are actively working to support the recovery of the Mantra (OM) token, though he noted that details around token buybacks and potential burns are still being developed. “We’re still in the early stages of putting together this plan for potential buyback of tokens,” the CEO said, adding that the OM token…

Mantra investors cashed out before OM token crashed 90% — Blockchain data

Blockchain analysts have identified large-scale token transfers by major Mantra investors in the days leading up to the sharp collapse of the OM token, raising questions about insider activity and the stability of the project. Laser Digital, a strategic Mantra investor, reportedly cashed out large portions of Mantra (OM) tokens before the cryptocurrency collapsed on April 13, onchain data suggests. At least two wallets linked to Laser Digital were among 17 wallets that moved a combined 43.6 million OM tokens — worth about $227 million at the time — to…

MANTRA’s OM Token Crashes 90% Amid Insider Sell-Off Allegations

The MANTRA crypto project is embroiled in controversy after its OM token crashed 90% on Sunday, with investors alleging an insider dumped its holdings, wiping out an estimated $5 billion in market value. MANTRA Blames ‘Reckless Liquidations’ for OM Token’s Historic Crash MANTRA, known for tokenizing real-world assets (RWAs) and its partnerships with Google Cloud […] Source CryptoX Portal