Arbitrum Token Sell-Off: Whales Transfer $58M To Exchanges Following Unlock, ARB Price Reacts

Arbitrum Token Sell-Off: Whales Transfer $58M To Exchanges Following Unlock, ARB Price Reacts

[ad_1] On Saturday, March 16, the Layer 2 protocol Arbitrum (ARB) unlocked 1.1 billion ARB tokens as part of its 2024 roadmap. This event led to a significant decline in the native token’s value, with losses of up to 18% reported over the past week.  In the past 24 hours, more whales have been sending … Read more

Solana Memecoin Presale Gone Wrong: Creator Accidentally Burns $10M, Whale Makes Huge Profit

Solana Memecoin Presale Gone Wrong: Creator Accidentally Burns $10M, Whale Makes Huge Profit

[ad_1] A new Solana-based memecoin launched today, becoming the talk of the town, and whales have noticed it. However, the reasons behind this might be different from what everybody expects. Since its launch, Slerf (SLERF), the newest Solana-based project, has been trending for all the wrong reasons. The project successfully raised $10 million during its … Read more

FTX Claims Holder Attestor Takes Creditor to Court Over Alleged 'Seller’s Remorse'

FTX Claims Holder Attestor Takes Creditor to Court Over Alleged 'Seller’s Remorse'

[ad_1] According to court documents filed in New York on Jan. 29, Attestor, through a wholly-owned subsidiary called Svalbard Holdings Limited, made an agreement with a Panamanian company, Lemma Technologies, to purchase the accounts – worth a combined $166 million at the time of FTX’s collapse – in June 2023, after placing the highest bid at … Read more

Bitcoin L2s Are Poised to Break Out, Stacks Creator Muneeb Ali Says

Bitcoin L2s Are Poised to Break Out, Stacks Creator Muneeb Ali Says

[ad_1] How do you hire and retain these people? How do you incentivize them? The rest of the blockchain ecosystem is actually pretty competitive. When we try to hire Core devs for Trust Machines, we compete with Solana Labs and Avalanche. It’s a very competitive market, but Bitcoin is missing in action. Like, they’re not … Read more

Shiba Inu Open Interest Suffers 40% Crash, What Does This Mean For Price?

Shiba Inu Open Interest Suffers 40% Crash, What Does This Mean For Price?

[ad_1] The Shiba Inu open interest has hit a snag after a particularly good run. The open interest had risen quickly alongside the price of the meme coin, which climbed close to its previous all-time high earlier in March. However, the cryptocurrency has been unable to maintain this uptrend, leading to a significant drop in … Read more

Solana Meme Slerf Notches $1.7B in Volume After Developer Loses All Presale Funds

Solana Meme Slerf Notches $1.7B in Volume After Developer Loses All Presale Funds

[ad_1] SLERF’s launch came on the back of an ongoing narrative that has seen developers raising millions of dollars, usually in SOL tokens, on the promise of a meme coin airdrop. Some on-chain watchers estimate that over $100 million worth of tokens were sent to such presales over the weekend. The frenzy contributed toward the … Read more