Tag: Token

Whales Dump TRUMP Token — Price Crash Ahead?

Key Notes Notable transactions include the sale of 275,672 $TRUMP tokens worth $2.49 million by a major holder, adding to an earlier sale of 100,000 tokens. The TRUMP Meme Team bridged $4.4 million USDC to Ethereum and transferred 347,438 $TRUMP tokens to a new wallet. TRUMP’s price broke above the resistance of a falling wedge formation on June 25, indicating a potential rally of up to 55%. TRUMP TRUMP $8.87 24h volatility: 2.2% Market cap: $1.78 B Vol. 24h: $302.23 M meme coin is currently facing huge selling pressure amid…

HAI Token Drops After Private Key Leak

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Cybersecurity firm Hacken has blamed a private key leak that allowed a bad actor to mint and loot $250,000 worth of the ecosystem’s native Hacken Token (HAI), causing it to plummet around 99% on Saturday. In an X post, Hacken said the private key was connected to an account with a minting role on the Ethereum and BNB Chain, which led to the “unauthorized HAI minting and a dump” on decentralized exchanges — causing a 99% drop in the value of HAI from $0.015 to $0.000056. HAI is currently trading…

Thai SEC Seeks to Update Rules for Utility Token Issuance

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Thailand’s Securities and Exchange Commission (SEC) has opened a period of consultation for feedback on rules that would allow exchanges or individuals connected to an exchange to issue utility tokens, according to a Friday statement. Under the proposed rules, exchanges would have to disclose the names of anyone associated with the token issuers, which would assist the SEC in monitoring for signs of insider trading. The plan is part of Thailand’s efforts to establish a regulatory framework for the crypto industry. The country announced in May plans to allow tourists…

Official TRUMP Token Breaches 15-Day Double-Top Resistance as Trump Cuts Crypto Stakes

Key Notes TRUMP token rises 1% to retake $9.32 as Trump cuts stake in WLFI to 40%. Early price reactions suggest the market interprets the move as a de-risking signal following Senate scrutiny. With VWAP trending above current price confirmed close above $9.32 double-top may spark bullish continuation. The official TRUMP token rose 1% on Thursday, June 19, reclaiming the $9.32 level after briefly slipping into a six-day downtrend. The price recovery coincides with new disclosures showing that Donald Trump-backed DT Marks DEFI LLC now owns about 40% of crypto investment…

SPK Token Crashes Over 70% After Launch as Airdrop Recipients Trigger Selloff

Key Notes SPK lost over 70% in value within hours of its June 17 listing. Over 300 million tokens were sold quickly by airdrop recipients. Spark holds $8 billion in TVL but faces questions on tokenomics. SPK, the native token of Spark, plummeted over 70% within hours of its June 17 debut on exchanges such as Binance, KuCoin, Bybit, and Bitget. After opening near $0.177, the token fell sharply to around $0.050 as airdrop recipients rapidly offloaded holdings. The drop erased more than $120 million in market value and raised…

Kraken-Backed Ink Foundation to Issue INK Token, Starting With Aave-Powered Liquidity Protocol

Shaurya is the Co-Leader of the CryptoX tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis. Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA. He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook…

Token Gains 7% as Purpose’s Spot ETF Set to Launch in Canada

Asset manager Purpose Investments is set to launch a spot XRP exchange-traded fund (ETF) in Canada this week after obtaining regulatory approval, giving investors a way to gain exposure to the fourth-largest cryptocurrency by market capitalization through traditional investment accounts. The ETF will start trading on the Toronto Stock Exchange on Wednesday, June 18, under the XRPP ticker, according to a Monday press release. The move comes after the Ontario Securities Commission (OSC) granted final prospectus receipt for the investment vehicle, the company said. XRP was up nearly 7% over…

Crypto Exchange WhiteBIT’s Token Jumps 30% Over Juventus Partnership

The price of cryptocurrency exchange WhiteBIT’s token, WhiteBIT Coin , climbed more than 30% in the last 24 hours after the exchange announced a high-profile partnership with Italian football club Juventus. Under a new three-year deal, WhiteBIT became the “official cryptocurrency exchange” and “official sleeve partner” of Juventus, according to a press release. Starting with the FIFA Club World Cup in 2025, the exchange’s logo will be featured on the right sleeve of the club’s Men’s First Team jersey. The exchange described the agreement as a strategic collaboration focused on…

Token Unlock Strategies Used by Top Crypto VCs

Key takeaways Token unlocks release previously locked tokens into circulation, often leading to increased volatility and price drops. Vesting schedules (cliff + linear release) aim to align early stakeholders’ incentives with long-term project success. VCs use advanced strategies such as OTC deals, staggered sales and derivatives to exit profitably and avoid crashing the market. Market timing, sentiment and token allocation size influence when and how VCs sell their unlocked tokens. Token unlocks are pivotal moments in the crypto market, often causing significant price volatility.  For retail investors, they can feel…