Tag: Token

BALD token developer denies rug pull as price falls 85% post-launch

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A new memecoin on Coinbase’s Base network fell 85% after its developer allegedly pulled 1,034 Ether in liquidity, worth approximately $1.9 million, from the market, according to social media reports and blockchain data. The developer for Bald (BALD) denied making any market sales of the coin, stating, “[I] just added/removed 2 sided liquidity and bought.” Watching the $BALD chart pic.twitter.com/2lc0HEVlNu — Whale (@WhaleChart) July 31, 2023 Coinbase’s Base network was launched for builders on July 13. However, its development team has urged ordinary users not to use the network, as…

Curve Finance’s CRV Token Surges 500% on Bithumb After Over $100M Exploit

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Basic Attention Token to implement KYC-free on-chain payouts

In a recent community call, Basic Attention Token (BAT) founder Brendan Eich said the platform would implement on-chain BAT payouts without Know-Your-Customer (KYC). This development, he adds, is part of BAT’s ongoing roadmap, which aims to streamline rewards for Brave browser users while preserving their privacy. Introducing on-chain payouts represents a significant advancement for BAT. It offers users the convenience of receiving BAT rewards without revealing their identity. This could, in turn, enhance user experience. However, the ideal platform for on-chain payouts is still being discussed. Brendan said they are…

Pond0X token launch snafu leads to millions of dollars in losses

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The launch of memecoin Pond0x has led to millions of dollars in losses for investors, according to multiple reports on social media on July 28. Data from the Maestro trading app shows that the Pond0x (PNDX) token reached a price of $0.36 before collapsing to near zero in a span of five minutes. Maestro chart of PNDX/USD during its launch. Source: Maestro The launch of Pond0x was announced on July 28 by “Pauly,” the pseudonymous founder of Not Larva Labs who is known only by his Twitter username. Not Larva Labs…