Tag: Token

AVAX Price Bucks Under The Pressure Of Upcoming $102 Million Token Unlock

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While most altcoins are looking toward a recovery from the recent market crash, the AVAX price seems to be gearing up for the opposite. The reason behind this is the massive token unlock that is set to occur this week, which will undoubtedly place more sell pressure on the already struggling price of the digital asset. $102 Million In AVAX Set To Be Unlocked The Avalanche network, like a lot of others, has locked a portion of its total token supply to be released into circulation on a periodic basis.…

Bitget and crypto influencer embroiled in legal saga after Reel Star token listing fiasco

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Update (Aug. 18 at 2:09 pm UTC): This article has been updated with both sides’ perspectives and additional information. Further commentaries are expected from both sides. Crypto influencer Evan Luthra has brought a lawsuit against crypto exchange Bitget for freezing his account after a new token listing in March. According to Luthra, the exchange suspended his withdrawals and froze $200,000 in Tether (USDT) while attempts to seek clarification went unanswered.  Luthra’s involvement with the Reel Star project serves as a backdrop to these events. The influencer was hired as an…

Mantle pauses token migration to stop FTX converting $43M in BIT tokens to MNT

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A community member started a discussion among participants in the Mantle decentralized autonomous organization (DAO), proposing to restrict the collapsed FTX exchange and Alameda Research from converting their BitDAO (BIT) tokens worth $43 million to Mantle (MNT) amid the ongoing token migration process.  Community discussion on preventing FTX from converting its BIT tokens. Source: Mantle On Nov. 2, 2021, BitDAO swapped 100 million BIT with Alameda in exchange for over 3.3 million FTX tokens (FTT). The trade came with a public commitment to hold each other’s tokens for a span…

Blockchains Keep Launching, From Sei (and Its $SEI token) to Shibarium (and Its $SHIB)

SEI HELLO! Sei, a new layer-1 blockchain built using Cosmos technology, launched to the public, and its native SEI token garnered more than $1 billion in trading volume after being listed on crypto exchanges including Gate.io and Binance. The project is notable because it was designed as an application-specific blockchain meant for trading, in contrast to more general-purpose networks like Ethereum that could theoretically support a wider range of use cases. Jay Jog, co-founder of Sei Labs, which led the new blockchain’s development, said that the “solution” to providing faster…

SEI Token Breaks Into Top 100 One Day Post-Debut On Major Exchanges

SEI, the native token of the Sei blockchain, appears to be gaining massive traction a day after its debut on multiple major exchanges. On Tuesday, August 15, Binance, Bybit, Bitget, Kucoin, and Kucoin jointly listed the token on their trading platforms. On the same day, Sei Labs, the company behind the network, announced the launch of the beta mainnet phase after a successful alpha phase. According to the developers, more than 7.5 million unique wallets and 400 million transactions were registered during the testnet phase. The Sei Mainnet beta, Pacific-1,…

Cyberconnect token debuts on Binance with 30% dip

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Cyberconnect’s coin CYBER was listed on Binance. Right after the listing, its value dropped by 30%. Cyberconnect’s token, CYBER, was added to the Binance platform on Aug. 15. The coin’s price can now be tracked at the crypto stats websites, such as CoinGecko and CoinMarketCap. Shortly after the listing, CYBER experienced a 30% drop in its value. According to CoinGecko, the coin nosedived from $7 to $4.92. At the time of writing, its low was at…

Illuvium’s collapsing token represents the problems with GameFi

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Blockchain games began as a means to effectively test technology’s true potential. However, making sure they reach that potential remains a challenge. While Illuvium was one of the most highly anticipated crypto game releases in history, the price of its ILV token has fallen significantly since 2021 — to the tune of 97%. The project’s developers have not released anything substantial for quite some time. The immersive gameplay and impressive graphics are not enough to stop the game’s token from plummeting. The same can be said of most GameFi tokens.…

Sei token valued at $1.8B after beta launch, exchange listings

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Layer one trading blockchain Sei Network has reached a fully diluted valuation of $1.8 billion on the initial day of token listing. On August 15, major exchanges such as Binance, Bybit and Bitget jointly listed the network’s native token (SEI). On Binance, the token opened at $0.064 apiece before surging as high as $0.48. It currently trades at $0.18 at the time of publication. The total supply is 10 billion SEI and the initial supply is 1.8 billion SEI.  The same day, Sei launched the beta phase of its mainnet.…

HarryPotterObamaSonic10Inu Casts Spell On Memecoin Sector And Soars 26%, Which Token Will Follow?

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While Bitcoin and the crypto market experienced, HarryPotterObamaSonic10Inu and the memecoin sector are blooming. Recent data points to double-digit gains across the board for these assets, with the potential for further profits if Bitcoin and larger cryptocurrencies continue trading sideways. As of this writing, HarryPotterObamaSonic10Inu trades at $0.14, with profits of around 30% during the last 24 hours. On the previous seven days, the token saw a 54% profit, but the last month has been the best in performance, with a 246% increase. HarryPotterObamaSonic10Inu price trends to the upside on…