Tag: Token

OKB Token Price Surges 200% as Supply Slashed by 50%

OKB, the token of cryptocurrency exchange OKX, more than tripled to a record high after the company executed a one-time burn of 65.26 million OKB, cutting the supply by more than 50%. Burning the roughly $7.6 billion worth of tokens permanently reduces the maximum supply to 21 million, in line with the hard cap coded into bitcoin . The burn, or sending the tokens to a wallet address that can’t be accessed, was carried out from OKX’s reserves and represents one of the largest deflationary events in exchange token history.…

Omni Announces Rebranding, Token Hits 50% Monthly Gains

Key Notes Omni Network is undergoing a full rebrand with a new name, logo, and product narrative. The update will include a token migration, with no immediate action required from current OMNI holders. OMNI token has increased by nearly 50% in the past month, including a 14% rise over the last week. Omni Network has unveiled plans for a complete rebranding, signaling what the team calls a new chapter in its mission to make decentralized finance more approachable for everyday users.  According to a recent blog post, the overhaul will…

Grayscale Debuts DeepBook, Walrus Trusts: Token Prices Rally

Key Notes Grayscale launches DeepBook and Walrus trusts linked to key Sui blockchain protocols. WAL and DEEP tokens saw increased trading activity and price volatility following the launch. Institutional investors gain new avenues for exposure to Sui DeFi and data infrastructure. Grayscale, recognized as one of the largest digital asset-focused investment managers, launched on August 12 two new single-asset trusts providing direct exposure to the DEEP and WAL tokens linked to foundational protocols within the Sui blockchain network. According to the announcement, the Grayscale DeepBook Trust and Grayscale Walrus Trust…

Trump Family Launches $1.5 Billion Treasury Company For World Liberty WLFI Token

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The Trump family’s crypto venture, World Liberty Financial, recently announced a plan to raise $1.5 billion through a partnership with ALT5 Sigma Corporation, a publicly listed company in the US.  According to a report by Fortune, the funds will be utilized for the acquisition of WLFI, the native token of World Liberty Financial. ALT5 Sigma revealed that it intends to sell a combination of 200 million new and existing shares, directing the proceeds toward this purchase. Trump Family Ventures Deeper Into Crypto This initiative is part of a broader strategy…

$650M in Token Unlocks This Week: Is the Altcoin Rally Over?

Key Notes Over $653M worth of tokens will be unlocked between August 11–18. FTN, APT, ARB, AVAX, and SEI lead the week’s largest cliff unlocks. Solana tops linear unlocks alongside TRUMP, WLD, and DOGE. The crypto market is facing a wave of fresh supply as more than $653 million worth of tokens are scheduled to be unlocked between August 11 and August 18, according to data from Tokenomist shared by WuBlockchain. The releases include both large one-time cliff unlocks and steady daily linear unlocks, raising concerns over short-term volatility in…

Melania Token Hits $200M Valuation as Trump’s WLFI Launches $1.5B Treasury

Key Notes Official Melania Meme (MELANIA) price surged 14% this week, briefly hitting $0.22 and pushing its market cap above $190M. Rally fueled by WLFI’s USD1 loyalty rewards program announcement and $1.5B treasury fund plans. Trump-backed World Liberty Financial continues expanding with stablecoin, token, and lending product developments. . Melania Token’s market momentum intensified this week, climbing 14% to reach $0.22 on Saturday, August 9, and lifting its market capitalization above $190 million for the first time this month. The latest upswing has been driven by two major bullish developments…

Succinct (PROVE) Token Surges 34% After Bitget Listing and Mainnet Launch

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Succinct, a decentralized prover network revolutionizing zero-knowledge (ZK) infrastructure, has officially launched its mainnet and native token, PROVE. The launch, which took place on August 5, 2025, marks a major milestone in the evolution of cryptographic verifiability and scalability in the Web3 ecosystem. Related Reading Following the mainnet debut, the PROVE token was listed on Bitget, a leading global cryptocurrency exchange. Within 24 hours, the token surged by over 50%, reaching a trading price of $1.50 and generating over $715 million in 24-hour volume. Bitget’s Succinct (PROVE) Listing Fuels Market…

Fartcoin Holders Gobble 100M Tokens in Past Month, Token Explodes 7.5%

Key Notes Fartcoin sees over 100 million tokens accumulated by top holders in 30 days. Trading volume jumps 74% as price rebounds from weekly lows. Analysts suggest a move toward $2.36 may be underway. Fartcoin FARTCOIN $1.01 24h volatility: 4.1% Market cap: $1.02 B Vol. 24h: $232.83 M has posted a strong 7.5% daily gain on Tuesday despite an almost-flat sentiment in the broader crypto market. The token is currently trading around $1.02, with a market capitalization of $1.02 billion. FARTCOIN’s 24-hour trading volume has surged by 74% to hit…

Ethena (ENA) Price Soars 14% Despite Massive Token Unlocks, What Is Happening?

Key Notes ENA price has registered a more than 14% rally over the last 24 hours. Ethena’s USDe has successfully reached the position of the third-largest stablecoin by market cap. Ethena, in collaboration with Anchorage Digital, is working on issuing a USD-compliant stablecoin. Ethena ENA $0.62 24h volatility: 12.1% Market cap: $3.95 B Vol. 24h: $1.23 B started this week with a momentum that has got the broader cryptocurrency industry buzzing. This digital asset has registered a more than 14% rally over the last 24 hours, with its market capitalization…

The Token Is Dead, Long Live The Token

Opinion by: Daniel Taylor, head of policy at Zumo Crypto X communities think tokens are toast. Here’s why they’re right — and dead wrong. If there were one chart to sum up today’s crypto token meta, it would be Bloomberg chart-boxing its comparison of Bitcoin (BTC) against an altcoin basket. Bitcoin holders are jubilant, watching it approach an all-time high. Tokenholders are bloodied and bruised, seeing their holdings wither away while Bitcoin soars. With BTC dwindling to just 11.6% of an average retail investor’s portfolio, it’s been a painful divergence.…