The crypto market is experiencing an upward momentum, and the global cryptocurrency market capitalization is $2.56 trillion, a 1.69% increase in the past 24 hours and an approximate 118% rise over the last year. Total trading volume of the cryptocurrencies last day was $66.8 billion, as per data from CMC.
Solana, the prominent blockchain platform, has emerged as the top-performing asset among the top 10 cryptocurrencies by market capitalization this week. The resurgence of the GameStop saga has sparked a renewed interest in meme coins, causing investors to flock towards prominent Solana-hosted meme projects such as Dogwifhat (WIF) and BONK.
Pump.fun, a Solana-based token launching platform, suffered an exploit on May 16. According to a post-mortem report on its X account, it identified the exploit to be executed by a former employee who illegitimately gained access to the withdrawal authority by misusing the privileged position. The exploit which occurred at
A significant Shiba Inu transaction has caught the crypto community’s attention as a major investor, identified by the wallet address 0x541, moved all 197.99 billion SHIB tokens, worth approximately $4.88 million, to Coinbase. This action follows six months of inactivity with the token, with the sale price at $0.00002463. The
Shiba Inu (SHIB), a meme-inspired cryptocurrency, has witnessed remarkable activity from whales, causing a stir among investors. In the early hours of May 16th, an unidentified whale made a significant move by transferring a staggering 3 trillion SHIB tokens, valued at approximately $75.9 million, from an undisclosed wallet to the
Floki Inu (FLOKI), a dog themed memecoin, has been making significant progress in the cryptocurrency market, with its price surging over 14% in the last 24 hours and crossing the resistance level of $0.0001790. During writing, Floki Inu trades at $0.0002195, an increase of 11.24% in a day. The price
Frog-themed memecoin PEPE had remarkable growth this week and soared over 30%, hitting a new all-time high yesterday at $0.00001128. It gained immense attention as the price surged almost by 109% in the past month and 901% in the past 6 months. Investors and analysts are looking confidently at the
Shiba Inu ecosystem witnessed a tumultuous turn of events today as the price of the meme coin continued its downward trajectory, shedding 2.02% to settle at $0.00002304. This decline comes amidst a broader correction experienced over the past week, garnering significant attention from investors. Of notable interest was the movement
Michael Novogratz, CEO of Galaxy Digital, has expressed pessimism about the short-term future of Solana, Ethereum, and Bitcoin. While adoption from more conventional investors increases, Novogratz predicted that Bitcoin’s price would stay relatively flat this quarter on a May 14 conference call. Following last week’s corrections that saw Bitcoin’s price
Binance has added the FLOKI memecoin to its listing in Thailand. The result is a dramatic increase in the value of the memecoin. FLOKI, which has been steadily growing in popularity in Thailand, went to X to announce the new listing. The FLOKI price surged by over 7% post the
