Tag: Token

WallStreetBets (WSB) Token Tanks 90% with Insider Dumping Treasury Holdings

The news of the insider sale of the WallStreetBets (WSB) tokens led to a major frenzy with retail players dumping their tokens and its price tanking by nearly 90%.  WallStreetBets (WSB) token, linked to the popular subreddit WallStreetBets, saw its token price plummeting by a staggering 90% in the past 24 hours. This happened as an insider closely connected with the project dumped a very large amount of WSB tokens. Just within three days, WSB’s market cap had jumped to more than $50 million. ZachXBT, a blockchain sleuth had warned…

OKX Exchange Faces Technical Issue With SUI Token, Compensates Affected Traders

boss

On May 3 at 18:40, the OKX exchange opened the spot selling of the SUI/USDT pair. Unfortunately, traders experienced a technical issue with canceling orders to buy SUI. This was announced on Twitter by the founder of OKX, Star Xu. The platform could not rectify the problem immediately, causing inconvenience to traders who were affected. Following the technical issue with the SUI token trading on the OKX exchange, customers who had placed orders to buy SUI tokens at a price exceeding 1.3 USDT could not cancel their trades. In response,…

BRC-20 token standard spurs meme coin frenzy on Bitcoin

boss

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The BRC-20 token standard has ignited a meme coin frenzy on the Bitcoin blockchain. There is a marked increase in meme token volume, market capitalization, and transaction fees. The cryptocurrency world is buzzing with the emergence of the BRC-20 token standard on Bitcoin, primarily driven by the rising prominence of meme coins like Pepe (PEPE) and Memetic (MEME). This standard has been employed to mint more than 8,500 tokens, most of which are meme coins. The…

Securities token platform launches MPC wallet for institutions

boss

Securities token platform INX has launched a wallet with compliance features for institutions, according to a May 3 announcement. The new wallet was created in partnership with wallet infrastructure provider BitGo and uses multi-party computation (MPC) technology. Exciting announcement! INX now collaborates with @BitGo to enable institutional #investors to fully and confidently participate in the #security #tokens market and the greater digital economy: ⤵️https://t.co/AbpdS86lYk — INX (@INX_Group) May 3, 2023 INX securities tokens exist on the Ethereum network and follow the ERC-1404 token standard. The standard was created in 2018…

BRC20 Token Standard Sparks Frenzy in Bitcoin Community With Market Cap Surpassing $95 Million – Bitcoin News

boss

As of May 3, 2023, the Bitcoin blockchain has witnessed a staggering 3.35 million Ordinal inscriptions, and a new experimental token standard known as “Bitcoin Request for Comment,” or BRC20, has garnered substantial attention in the past week. With 10,487 BRC20 tokens built using Ordinals and a swelling market capitalization exceeding $95 million, this new development has the crypto world buzzing. Ordinals Protocol Witnesses 3 Million Inscriptions While BRC20 Tokens Drive Bitcoin’s Mempool into Overdrive The Bitcoin community is abuzz with conversations surrounding the BRC20 token standard after its introduction…

3 signs PEPE token is about to trap bulls after 2,000% price rally

New meme-coin Pepe (PEPE) has entered a sharp correction phase after surging by more than 2,000% since its debut a few weeks ago. On May 3, the PEPE price dropped to $0.00000089, down about 35% from its record high of $0.00000138 established two days ago. As a result of the correction, its market capitalization slipped by nearly $80 million, thus pushing it out of the top-100 top cryptocurrency index.  Pepe price performance since market debut. Source: CoinGecko A mix of technical and fundamental indicators hint at further downside for PEPE price.  Retail…

SUI mainnet goes live as token sees immediate action on Binance, OKX, others

boss

Major cryptocurrency exchanges around the world are launching trading of the Sui (SUI) token amid the Sui Network’s mainnet launch on May 3. According to an official announcement by the Sui Foundation, the Sui mainnet went live at 12:00 pm UTC. Many global crypto trading platforms supported the Sui mainnet launch, enabling investors to buy and sell the new SUI token. Crypto exchange Binance plans to debut SUI trading immediately after mainnet launch. The platform will allow users to trade between SUI and cryptocurrencies like Bitcoin (BTC), Tether (USDT) and BNB…