Tag: Token

WLFI Recorded New All-Time Low Despite 47M Token Burn: Rug Pull or Legit?

Key Notes The WLFI token recorded a new all-time low. There are concerns of a potential rug pull in the crypto community. The project burned 47 million tokens in an attempt to stimulate potential price recovery. World Liberty Financial (WLFI), a crypto project co-founded by Eric Trump and Donald Trump Jr., is witnessing a massive selloff. The token was launched on Sept. 1 with an initial circulating supply of 25 billion WLFI. On Sept. 3, the team behind the asset decided to burn 47 million WLFI as the price recorded…

Lombard raises $94.7m for Bard token, targets Bitcoin DeFi

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Lombard has completed a 1,400% oversubscribed token sale, which it will use to build in the Bitcoin DeFi ecosystem. Summary Lombard raised $94.7M in its Bard token public sale past the $6.75M goal The project builds DeFi functionality on top of the Bitcoin network The New Liquid Bitcoin Foundation will use the funds for development and ecosystem growth Bitcoin’s (BTC) DeFi ecosystem is increasingly attracting interest. On Wednesday, September 3, Lombard Finance concluded its Bard token public sale, raising $94.7 million. The fundraising surpassed the goal of $6.75 million by…

Why Best Wallet Token Gains the Most

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The decentralized exchange (DEX) market has just reached a historic milestone, with over $1.15 trillion in volume processed during August. DefiLlama data shows this is the first month where combined spot and perpetual contract volumes have exceeded $1 trillion in monthly activity. Spot DEX volumes hit $506B in August, while perpetual contract volumes rose to over $648B, reaching an all-time high for this category. The DEX market remains strong as Web3 becomes more accessible, thanks to apps like Best Wallet. Best Wallet provides an easy way to convert fiat via…

Trump Family’s World Liberty Stake Surges To $5B After Token Unlock

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An entity tied to US President Donald Trump’s family now holds about $5 billion worth of World Liberty Financial’s governance token (WLFI) after a significant unlock on Monday.  According to World Liberty Financial’s website, DT Marks DEFI LLC and “certain family members” of Trump held 22.5 billion WLFI tokens. The company reported unlocking 24.6 billion WLFI tokens on Monday as part of a scheduled move to establish an initial circulating supply, briefly boosting the price to $0.40 before it fell to about $0.21 at time of publication. World Liberty previously…

BRC2.0 brings Ethereum’s virtual machine to Bitcoin’s token layer

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BRC20 has folded Ethereum’s execution engine into Bitcoin’s token standard via an upgrade at block 912,690, enabling a future where tokens are truly programmable. Summary BRC2.0 upgrade integrates Ethereum’s virtual machine into Bitcoin’s BRC20 token protocol at block 912,690. The move enables programmable tokens and smart contract functionality on Bitcoin, with early support from UniSat Wallet. On Sept. 1, Ordinals developer Best in Slot announced it had successfully executed the BRC2.0 upgrade in collaboration with the standard’s pseudonymous creator, Domo. BRC2.0 is officially live on Bitcoin mainnet. Bitcoin L1 now…

Justin Sun Claims $200M of Trump’s WLFI Token Unlock: ‘Not Selling’

Key Notes Justin Sun acquired 600 million WLFI tokens representing 3% of unlocked supply, positioning him as major governance stakeholder. WLFI trades at $0.2453 with $6.05 billion market cap despite 38% decline from pre-launch peak of nearly $0.40 per token. High speculation surrounds the project with $2.57 billion daily volume and regulatory risks from political endorsements. On September 1, the World Liberty Financial governance token, WLFI, had its Token Generation Event (TGE), unlocking 20% of the 100 billion tokens. The project has Donald Trump’s endorsement. Crypto whales like Justin Sun,…

Sonic Approves $150M Token Issuance for US ETF

Key Notes Sonic community approved a $150M expansion with 99.99% support. Plans include a US-regulated ETF and $100M investment program. 150M new tokens to fund growth, partnerships, and institutional adoption. Sonic S $0.30 24h volatility: 4.9% Market cap: $980.41 M Vol. 24h: $108.68 M , formerly known as Fantom, has taken a bold step toward institutional adoption after its community voted overwhelmingly in favor of a $150 million expansion strategy aimed at breaking into the United States market. The proposal, backed by 99.99% of participants, will fund a $50 million…

Pudgy Penguins Token Declines Sharply in August Amid NFT Market Downturn

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Pudgy Penguins’ native token slipped on Friday despite the project’s new title ranking among Apple’s top downloads. The PENGU (PENGU) token fell by nearly 4% on Friday, following the launch of Pudgy Party, a battle royale game released on Android and iOS, regardless the game recording over 50,000 downloads on the Google Play store and landing in the top 10 most downloaded games on Apple’s App Store. Pudgy Penguins is a popular non-fungible token (NFT) project in the crypto space. The project supplements its onchain digital presence with trading cards,…

Lombard Finance launches yield-bearing Bitcoin token LBTC on Solana with $1.5b backing

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A new decentralized Bitcoin derivative by Lombard Finance is set to offer 1% APY while maintaining full BTC backing across bridge to Solana. Summary Lombard Finance will offer the yield bearing asset alongside Base, Sui and Ethereum offerings. Yield bearing on Solana in Bitcoin is the latest offering to bring the protocol’s $1.5 billion in capital to the layer 1. On Aug. 28, Lombard Finance officially launched LBTC, its yield-bearing Bitcoin token, on Solana (SOL), bringing the protocol’s $1.5 billion in circulating capital to a Bitcoin fusion with rival layer-1…

SUI and Aptos Face $4.5B Token Unlock in September

Key Notes About $4.5 billion in vested tokens will be released in September. Sui and Aptos are among the featured projects, with the former leading with more than $153 million. FastToken and Arbitrum are also major crypto projects contributing to the unlocks. Sui SUI $3.51 24h volatility: 1.1% Market cap: $12.34 B Vol. 24h: $1.26 B and Aptos APT $4.47 24h volatility: 2.1% Market cap: $3.06 B Vol. 24h: $271.72 M are among the projects that are set to unlock millions in vested tokens by September. According to data tracker…