Solana’s metrics have become increasingly reliant on memecoins. Solana’s vulnerability exposed as top memecoins decline New competition in the Mimecoin space poses greater risks. The Solana blockchain has been the hub for Mimecoin transactions for the past year. Thanks to its low fees and ease of use, Mimecoin traders have flocked to Solana, making it a significant source of network traffic. However, Solana’s main Mimecoin has recently experienced long-term losses, exposing significant risks to the chain and its over-reliance on the volatile Mimecoin market. Solana’s Blockchain Shakes as Memecoin Activity Declines The recent MIME crash has shown just how exposed…
Author: Crypto Flexs
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Developer Solayer Labs Solana brush -1.78% Re-staking protocol Solayer has raised $12 million in a seed funding round led by Polychain Capital. Other investors in the round include Big Brain Holdings, Hack VC, Nomad Capital, Race Capital, ABCDE, and Arthur Hayes’ family office Maelstrom, Solayer Labs said Tuesday.The round closed in May and was structured as a simple future equity agreement (SAFE) with token warrants, co-founder Rachel Chu told The Block. The funding round brought Solayer’s valuation to $80 million, Chu added.Earlier this month, Binance Labs announced that it had invested in Solayer. Chu said the investment was part of…
Louisa Crawford 27 Aug 2024 18:59 Arkham has partnered with CoinGecko and GeckoTerminal to integrate market data and on-chain analytics to enhance trading insights for millions of users. Arkham, the leading on-chain analytics platform, has announced a strategic partnership with CoinGecko and GeckoTerminal. According to arkhamintelligence.com, the collaboration aims to combine CoinGecko and GeckoTerminal’s robust market data with Arkham’s cutting-edge on-chain data to provide users with an enhanced trading analytics experience.Expanding existing relationshipsSince the launch of the Arkham platform, the company has worked closely with CoinGecko to provide token price data. This new partnership…
According to on-chain data, the largest non-exchange holder of dogwifhat, a Solana (SOL)-based Mimecoin, continues to accumulate WIF. Blockchain tracking firm Lookonchain says Solana addresses beginning with “mmEAfW” have recently accumulated hundreds of thousands of WIF. “The largest WIF holder used 1.54 million USDC to buy back 800,556 WIF at $1.92 each! This whale currently holds 28 million WIF ($53.23 million) and has generated over $77 million in revenue from WIF!” Source: Lookonchain/X Last week, Lookonchain shared a chart showing the whales’ accumulation process: they bought aggressively during the March bull run, sold their profits in April and May, and…
Bitcoin (BTC) rose to $65,000 over the weekend (August 24-25), continuing a three-week recovery since its crash on August 5 and continuing its rally to $49,500. As prices return to the comfort zone of many investors, traders will be wondering whether trading will continue in the same range, whether consolidation will occur, or whether a range expansion will occur towards new highs. Now let’s take a look at some Bitcoin price data points to see if it’s time for BTC to break out of its current range. DXY falls to lowest level since the beginning of the yearThe interaction between…
Significant Bitcoin Purchases Nasdaq-listed software giant MicroStrategy has made headlines once again after acquiring 11,931 Bitcoins for $786 million. The latest move by the company, led by Managing Director Michael Saylor, brings its total Bitcoin holdings to an impressive 226,331 tokens. With the Bitcoin price currently hovering around $66,000, MicroStrategy’s investment is valued at just under $15 billion.Investment Strategy and Growth The company’s foray into Bitcoin began in 2020 and has since been marked by strategic acquisitions. MicroStrategy’s average purchase price was $36,798 per Bitcoin, bringing the total investment to approximately $8.33 billion. This most recent purchase was made by…
Web3 • August 27, 2024 12:28 PM (EDT) Posted 1 minute earlier ~ in KOR Protocol, an Animoca Brands-backed startup looking to disrupt the entertainment industry, has unveiled a new streaming service called KOR Player, and DJs including Joel Zimmerman (better known as deadmau5), Plastkman, Inder Phull, Ben Turner, and Dean Wilson have joined as early backers.KOR Player lets you play and remix music using a suite of tools, including a “sound library” vault for intellectual property where artists upload samples. It also integrates artificial intelligence to authenticate the music’s origins and pay royalties in cryptocurrency.According to a press release,…
The Litecoin price is hovering around $63, with the altcoin down more than 5% over the past week and 11% over the past 30 days. According to CoinGecko, LTC has fallen 84% since its all-time high of $410 in May 2021. One of the first cryptocurrencies to fall out of the top 10 by market cap is now seeing a downtrend, with smaller wallet holders now selling as the price approaches a key support level. Market intelligence and on-chain analytics platform Santiment has highlighted the decline in Litecoin Shrimps Holders (wallet addresses holding less than 1 LTC). These wallets have…
Could Abe break the $152 level after approaching $148? Aave’s fundamental indicators support a bullish cycle. According to CoinMarketCap, as of the time of writing, Aave (AAVE), an open-source protocol for building non-custodial liquid markets, has seen significant gains, surging more than 30% over the past 30 days. This price action reflects strong market interest, especially since Aave’s price is currently in the $130 range, the area with the highest volume. Aave’s price action looks set to show further upside after reaching the $148 price level and breaking through the $152 level. This bullish momentum is supported by the formation…
Darius Baru 27 Aug 2024 16:06 DARKTIMES, a medieval royale fighting game, leverages the Sui blockchain to enhance Web3 player engagement and asset ownership. According to the Sui blog, DARKTIMES, a medieval fighting royale game, has launched on the Sui blockchain, promising to revolutionize Web3 player engagement and asset ownership. In development since 2021, DARKTIMES uniquely combines RPG elements and multiplayer fighting to create a dynamic gaming experience.A world filled with immersive actionThe game features several maps rich in lore, with evocative names like the Coast of Bone and the Plains of Gold, each…