The Pudgy Penguins NFT project has launched its native token, PENGU, on the Solana blockchain to expand its ecosystem. The token distribution comprised an airdrop for the eligible NFT holders. However, the token launch also spotted adverse trading, highlighting the risks of participating in early liquidity pools. The incident can
The Aave community is debating whether to cease its operations on Polygon, following concerns about the risk profile of bridged assets. This stems from a Dec. 13 proposal by Aave Chain founder Marc Zeller to revise risk parameters for Aave v2 and v3 on Polygon. Zeller’s proposal was prompted by
Investing $1,000 into Dogecoin (DOGE) 10 years ago would have been worth an astounding $1,969,780 at this point and with a total unit value of over $18 billion, it is easy to see how this practice could potentially enrich an investor. Cryptocurrencies are still a work in progress, and they
Following a short bullish correction, the crypto market cap has bounced to $3.75 trillion, with assets reflecting both profits and setbacks. In the face of mixed sentiment, EigenLayer (EIGEN) has hit a new all-time high at $5.65. The prolonged 117% rally of EIGEN over the past thirty days fueled the
Bitget Token (BGB) has witnessed a remarkable surge, climbing 11% in the past 24 hours and reaching an all-time high (ATH) of $3.65 just hours ago. This rally has cemented BGB’s impressive monthly gain of 162%, with the token currently trading at $3.62. The price action of BGB has drawn
Ripple’s XRP has surpassed Tether (USDT) to become the third-largest cryptocurrency by market capitalization. XRP’s recent series of surges has made waves in the crypto ecosystem. The legal battle of Ripple with the U.S. Securities and Exchange Commission (SEC), which accused the company of selling unregistered securities, had a favourable
Ethereum’s price has surged 1.44% over the past 24 hours, trading at $4,018, with trading volume spiking by 40% during the same period. The altcoin has gained 29% over the past month and 67.30% year-to-date in 2024. However, recent developments suggest Ethereum’s bullish momentum could face challenges. One critical metric
Coinjay, a cutting-edge cryptocurrency exchange, has officially launched its highly anticipated global trading platform, designed to cater to both seasoned traders and newcomers in the crypto space. Backed by over four years of industry experience, Coinjay has processed an impressive 900,000 transactions and serves a growing community of 120,000 active
Bitcoin (BTC) surged past the $106,500 mark during the early Asian hours, marking another significant milestone in its ongoing rally. The surge was fueled by a series of short liquidations, with approximately USD 151 million in positions being wiped out over the past 12 hours. The liquidations came amid a
Virtuals Protocol (VIRTUAL) soared to a new all-time high (ATH) of $2.96 today. The token is now trading at $2.93, marking a 25.31% increase over the last 24 hours. Its market cap surged to $2.92 billion, up 25.29%, while 24-hour trading volume hit $258.88 million, reflecting a 25.68% rise. The
