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PUMP, the native token of Solana (SOL)-based meme coin launchpad Pump.fun, has suffered a sharp reversal following its high-profile debut. At press time, PUMP was trading at $0.00570, down 15% over the past 24 hours, making it the largest loser among the 100 largest cryptocurrencies by market capitalization. The token initially surged to a peak of $0.00968 but has since dropped 41%. PUMP one-day price chart. Source: CoinMarketCap Launched on July 12 through a public token sale, the PUMP ICO raised $500 million in just 12 minutes, selling 150 billion tokens at $0.004 each. While a broader market pullback, driven by Bitcoin (BTC) losing the $120,000 support level, has added to the sell-off, several PUMP-specific factors have accelerated the decline. For instance, on-chain data reveals that roughly 340 wallets controlled more than 60% of the presale allocation. Many of these wallets began selling their tokens as they unlocked on July 14, increasing selling pressur...

Ripple (XRP) is undoubtedly one of the most promising cryptocurrency tokens to exist in space. Lately, the token has been gaining credible attention due to the recent crypto reserve development and the fact that the token is now a part of the US national cryptocurrency reserve alongside Cardano and Solana. In addition to this, the upcoming crypto summit, which is set to be held on March 7, is also expected to usher in major changes, which may propel Bitcoin and tokens like XRP to gain further momentum. Will March be a new turning point for XRP in the near future? Let’s find out. Also Read: Not $3,000, Gold Prices Could Hit $3,300 in 2025 Ripple: What’s New? Source: Watcher Guru Ripple (XRP) is currently one of the most trending cryptocurrencies to have existed in the space. The token is now a part of the US strategic crypto reserve, a development officially unveiled by the President Donald Trump. Post the announcement, XRP noted a spectacular price surge of 30%, which credib...

Before diving into the details of today’s top gainers, let’s take a glance at the latest trends shaping the crypto market. Bitcoin is facing a rollercoaster today , sliding 5.2% before clawing back to trade up 1% at $57,850 in London, though it remains $16,000 shy of its March peak. Compounding market jitters, Tokyo-based Mt. Gox, infamous for its historic hack and subsequent bankruptcy, is in the process of returning approximately $8 billion in Bitcoin to creditors, hinting at a looming influx of supply. Adding to the uncertainty, German authorities are reportedly liquidating seized Bitcoin, and US exchange-traded funds are seeing reduced inflows. Amidst these developments, doubts are growing among crypto enthusiasts about Bitcoin’s path to hitting the coveted $100,000 mark. Nevertheless, Bitcoin’s year-to-date gains had surged nearly 70% earlier in 2024, aligning it closely with the tech-heavy Nasdaq 100 index. Biggest Crypto Gainers Today – Top List T...

The cryptocurrency market – a volatile dance of numbers and sentiments – is stabilizing. Amidst this backdrop, Cardano (ADA) is emerging as a focal point of discussion. Trading at $0.26 when writing, the coin’s trajectory sparks intrigue. Even so, understanding the intricate interplay of market dynamics and investor sentiment is paramount for beginner cryptocurrency traders. The question is: will Cardano plummet to $0.20 or rally to $0.30? The answer lies in the dynamic crypto market forces. The status of Cardano and ADA Historical performance Cardano has been on a roller coaster journey in recent months. After a promising rally towards $0.35, ADA has retraced and is currently changing hands at $0.25. This price level is a critical support, and how ADA pans out in the days ahead hangs in the balance.  You might also like: Charles Hoskinson says SEC will not charge Cardano Significant influences The following have influenced Cardano’s current po...

BlockFi, the now-defunct crypto lending company, has filed a court application to move “ trade- only” assets from users’ accounts to stablecoin s. This move follows the company’s ongoing efforts initiated in August to return users’ funds after previously closing withdrawals. BlockFi filed an application on Aug. 29 to the United States Bankruptcy Court for the District of New Jersey to authorize the conversion of trade- only assets into stablecoin s, including Algorand’s native token (ALGO), Bitcoin Cash (BCH), and Dogecoin (DOGE).  Since these assets can’t be withdrawn easily, BlockFi is proposing a one-time exchange for Gemini Dollar (GSD) or a similar stablecoin. However, it is worth noting that this suggestion comes separate from the other trade-only assets that were available on the platform, including Cardano (ADA), Solana (SOL) and Avalanche (AVAX), which are held by BlockFi International. You might also like...

Nearly 30 fake PYUSD tokens cropped up in the wake of PayPal’s most recent announcement. Less than 16 hours have passed since the launch of PayPal’s new stablecoin (PYUSD), and opportunists, degens and potential scammers are already attempting to cash in on the hype with their own copycat tokens. According to data from decentralized exchange scanner DexScreener, nearly 30 new token pairs sporting the ticker “PYUSD” have cropped up in the 16 hours since the announcement. Today, we’re unveiling a new stablecoin , PayPal USD (PYUSD). It’s designed for payments and is backed by highly liquid and secure assets. Starting today and rolling out in the next few weeks, you’ll be able to buy, sell, hold and transfer PYUSD. Learn more https://t.co/53RRBhmNHx pic.twitter.com/53ur2KmjU7 — PayPal (@PayPal) August 7, 2023 The look-alike tokens have been minted on a variety of different chains including Binance Smart Chain, Ethereum and Coinbases’ newest layer 2 Base. It’s important to note th...

The native tokens of Reddit’s r/CryptoCurrency community, Moons (MOON) and Bricks (BRICK) have recorded an impressive triple-digit price gain this week following an announced change in Reddit’s terms of service . The cryptocurrency Moons (MOON) associated with Reddit’s r/CryptoCurrency community, which boasts over 6.5 million members, has witnessed a significant price increase since July 16 around 1 pm EST. Coingecko data shows a 358% rise in the value of Moons, from $0.09 to nearly $0.45. Moons are ERC-20 tokens that Reddit awards to users for their contributions to the r/CryptoCurrency subreddit through posts or comments. These tokens can be traded, tipped, or used within the community for various purposes. They can also be stored in Vault, Reddit’s Ethereum (ETH)-based wallet. I don't see CT talking much about Reddit's Community Points so I want to share some observations since the tokens increased by >100% yesterday. There are 2 fungible t...

Hedera said the smart contract exploit on Mar. 9 has not impacted the network or its consensus layer. Hedera, the team behind distributed ledger Hedera Hashgraph, has confirmed a smart contract exploit on the Hedera Mainnet that has led to the theft of several liquidity pool tokens. Hedera said the attacker targeted liquidity pool tokens on decentralized exchanges (DEXs) that derived its code from Uniswap v2 on Ethereum, which was ported over to use on the Hedera Token Service. Today, attackers exploited the Smart Contract Service code of the Hedera mainnet to transfer Hedera Token Service tokens held by victims’ accounts to their own account. (1/6) — Hedera (@hedera) March 10, 2023 The Hedera team explained that the suspicious activity was detected when the attacker attempted to moved the stolen tokens across the Hashport bridge, which consisted of liquidity pool tokens on SaucerSwap, Pangolin and HeliSwap. However, operators then acted promptly to temporarily pause the bridg...

Join Our Telegram channel to stay up to date on breaking news coverage Dogecoin (DOGE) becomes the third-fastest token at decreasing carbon emissions, Shiba Inu’s (SHIB) Shibarium beta launch enters the final stage, Snowfall Protocol (SNW) price grows by 500%   Thousands of cryptocurrencies are currently available on crypto exchanges for investors to invest and earn from. Thus, it becomes increasingly important, especially after new token launch es, for established cryptocurrencies such as Dogecoin (DOGE) and Shiba Inu (SHIB) to stand out. A recently introduced token , Snowfall Protocol (SNW) , is giving higher returns than meme coins like SHIB and DOGE. In this article, we will talk about the latest developments of Shiba Inu (SHIB), Dogecoin (DOGE), and Snowfall Protocol (SNW) , to help the crypto community make better investment decisions. Dogecoin (DOGE) to drop by 10% soon According to recent data, the meme token, Dogecoin (DOGE), has become one of the crypto assets ...