Tag: Token

$204 Million Token Unlock Could Trigger Price Crash Today

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Token unlocks for cryptocurrencies such as AVAX are not new but that does not negate the kind of impact that these unlocks can have on the price. Depending on the size of the unlock, it could trigger a market crash as millions of new coins roll into circulation and are dumped on retail. This could certainly be the case for AVAX today given the size of the upcoming unlock. AVAX Unlock At $204 Million AVAX’s most recent unlock is about to see a total of 9.5 million tokens being brought…

FTX’s FTT token rallies 28% — Binance effect or FTX 2.0 reopening?

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Amid market uncertainties around Changpeng “CZ” Zhao’s departure as Binance CEO, defunct crypto exchange FTX’s native FTX Token (FTT) witnessed a brief bull run. FTT has surged in value over the past 48 hours, trading at $4.63 at the time of writing, a 28% increase from $3.56. FTT is experiencing another surge following Binance’s $4.3 billion settlement with the United States Department of Justice, according to on-chain analysis firm Santiment, which revealed the 10 largest wallets accumulating $12.8 million of tokens in 19 days. According to Santiment, FTT has recorded 337%…

User claims $11M in Blur token rewards at NFT marketplace’s season 2 airdrop

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A pseudonymous nonfungible token (NFT) trader made around $11 million in the recent airdrop reward distribution conducted by the NFT marketplace Blur.  Dune analytics data showed that a wallet with the Ethereum Name Service (ENS) tag called “hanwe.eth” claimed a total of 22,851,000 Blur (BLUR) tokens in the season 2 airdrop of Blur. At the time of writing, coin price tracker CoinGecko showed that the amount is worth around $11.2 million. It’s time to BLAST OFF. I just received 22851000 $BLUR from @BLUR_io‘s Season 2 drop. Season 3 starts NOW…

Pyth’s Blazing $77M Token Airdrop Cements Status as Chainlink Challenger

Pyth Network’s exceptional refresh rate speed sets it apart and significantly adds to its appeal, surpassing that of its competitor – Chainlink. Pyth Network, a decentralized finance (DeFi) oracle service competing with Chainlink, made headlines this week with a remarkable token airdrop valued at an astounding $77 million. The distribution of 250 million PYTH tokens to early Pyth users increased the protocol’s market capitalization beyond $765 million, highlighting the project’s growing importance. Today marks the launch of the Pyth Network’s permissionless mainnet, ushering in a new era of token-led governance…

Worldcoin Token Makes Headlines With 24% Surge

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The narrative around Sam Altman and OpenAI seems to have had a major impact on the value of WLD, the token that Worldcoin, a cryptocurrency that Altman co-founded, is issuing. As the drama surrounding Sam Altman’s dismissal from OpenAI and possible reinstatement continues to captivate the crypto space, the Worldcoin digital token has been one of the most unpredictable in the cryptocurrency market as of late. As of today, the trading price of Worldcoin (WLD) has reached $2.43, indicating that the cryptocurrency has made a strong recovery. In comparison to…

Rug Pull Rumors Swirl As Token Takes A 45% Hit

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Recent data analysis reveals a significant decline in the performance of YFI, the native token of the Yearn Finance platform. In a dramatic overnight development, the native token of the Yearn Finance ecosystem witnessed a staggering 40% plunge. This downturn in YFI’s performance prompts a closer examination of the intricate dynamics within the decentralized financial landscape. The abrupt and substantial drop has ignited a wave of speculation within the community, with some expressing concerns about the possibility of an exit scam. Much of its recent profits was wiped by the…

Bittensor TAO token up over 300% as blockchain, AI integrate

Bittensor’s TAO token price has increased by over 300% in the last 30 days, likely due to the coin’s unique approach involving the collaborative training of machine learning models. Blockchain technology, with its promise of transparency and efficiency, has found a natural ally in artificial intelligence (AI), giving rise to innovative projects such as Bittensor, a protocol focused on machine learning models.  Bittensor’s users are rewarded in TAO tokens based on the value they contribute to the collective machine learning model. TAO not only serves as a reward mechanism but…

Yearn.Finance token tumbles 43%, community speculates on exit scam

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Yearn.Finance’s governance token (YFI) plummeted over 43% in just five hours on Nov. 18 after rallying almost 170% early in the month, stirring fears about a possible exit scam.  During the dramatic drop in value, over $300 million was wiped out in market capitalization from November’s gains, according to data from CoinMarketCap. At the time of writing, the YFI token is trading at $9,069 from $14,185 a day before. However, the token is still up 83% over the past 30 days. The sell-off has triggered another weekend of fear, uncertainty…

Kaspa Binance Listing Sparks Frenzy, Token Soars: 50%

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Kaspa, a relatively recent entrant to the cryptocurrency market, has emerged as one of the top performers this weekend, experiencing a remarkable surge in value. This surge aligns with a broader trend, as the entire market capitalization of the crypto market has grown by over 5%, underscoring a substantial increase in overall value. In the past week alone, Kaspa’s price has soared significantly, contributing to its standout performance in the dynamic cryptocurrency landscape. The value of Kaspa (KAS) surged last week after it was added to the Coinbase Global platform,…