According to on-chain data, one trader earned over $1.6 million in profits after participating early in one of the latest memecoin trends on the Solana (SOL) blockchain. As first reported by blockchain tracking firm Lookonchain, a trader made huge profits by taking a long position in Wen (WEN), a memecoin built on Solana. Lookonchain says the trader made $682,000 in USDC and has an additional $941,000 in unrealized profits still sitting in his wallet. “In just 14 hours, this trader made over $1.6 million trading MEME Coin WEN! He spent 125,500 USDC to buy 20 billion WEN when WEN opened…
Author: Crypto Flexs
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Ethereum Insider and Former Advisor Steven Nerayov You recently mentioned your time working with the Ethereum founders. Vitalik Buterin and Joe Rubin. As part of his comments, Nerayoff used specific adjectives to describe the duo while also revealing what the two have done to undermine his reputation. “Fool” Vitalik and “Sociopath” Rubin A. Nerayoff is listed at X (formerly Twitter). post what he thought Vitalik was a “fool” And Rubin is a “sociopath.” He also questioned the former’s capabilities, saying that just because Vitalik is a “calculator” doesn’t mean it can build protocols. Meanwhile, Ethereum insiders believed Rubin was a…
Digital asset investment products saw significant outflows totaling $500 million last week. Analysis firm CoinShares released a report on the fund flow of cryptocurrency-based investment products from January 20 to January 26, 2024. According to available information, Grayscale Investments’ spot Bitcoin (BTC) ETF played a central role in the report. The amount of money outflow from cryptocurrency funds in one week exceeded $2.2 billion. At the same time, the total amount of assets withdrawn exceeded $5 billion. Source: CoinShares At the same time, financial giant BlackRock’s investment products continue to receive significant infusions, analysts say. Inflows over the past week…
January 29: SuiBanxa, a layer 1 blockchain and leading payment infrastructure provider for cryptocurrency-compatible economies, announced that it will add the SUI token to its platform. According to the team, “The integration will increase access to the Sui blockchain for users around the world, thanks to Banxa’s suite of global and local payment methods that have processed more than $3 billion in transactions since launching in 2014. Mysten also added that Labs’ Sui “The Wallet will provide users with the opportunity to purchase SUI tokens through Banxa’s fiat onramp solution and leverage the offramp solution once fully integrated.”Protocol Village protocolA…
Cryptocurrency airdrops are one of the best ways for a blockchain or protocol to invite new users to explore and use the platform. It’s a win-win scenario because users like you and me can interact with the platform and the platform rewards us with tokens. Now, the value of these tokens may not be that much at first, but as more users start using the platform, the trading of these tokens increases and their value increases. If it were up to me, I would dedicate an entire website to cryptocurrency airdrops. Because this is probably one of the easiest ways…
GRAND CAYMAN, Cayman Islands, January 29, 2024, Chainwire For a limited time, users can enjoy 0% gateway fees when accessing SUI tokens on Banxa.*(*No fee waiver is available for UK customers.) Banxa, a leading payment infrastructure provider for cryptocurrency-compatible economies, announced that it will be adding the SUI token to its platform. This integration will increase access to the Sui blockchain for users around the world thanks to Banxa’s global and local payment methods, which have processed more than $3 billion in transactions since launching in 2014. Additionally, Mysten Labs’ Sui Wallet offers: Users will have the opportunity to purchase…
Bitcoin BTC -0.75% According to one analyst, the recent rise in Bitcoin price may have been influenced by a decline in open interest for Bitcoin options at certain strike prices.“There is much less open interest at the $40,000 level, which could fuel Bitcoin’s recent rally,” cryptocurrency derivatives trader Gordon Grant told The Block. “Hedge traders’ relatively limited delta “This could fuel Bitcoin’s recent rally as supply suddenly loses the option to lean on big numbers.”Open interest in short-term Bitcoin derivatives, particularly options, has decreased significantly since month-end options expired on Friday, January 26, Grant said.This is in contrast to what…
Cardano’s TVL increased as the network’s DEX volume surged. Interest in Cardano’s NFT sector has declined. Cardano (ADA) has recently seen positive growth in the DeFi sector. recent data Cardano’s Total Value Locked (TVL) has exceeded 695 million ADA, representing a significant amount of assets currently secured within the Cardano ecosystem. Growth of the DeFi space The increase in TVL is a reflection of community engagement and the platform’s evolving ecosystem. Much of this rise can be attributed to the popularity of DEXs and dApps on the Cardano network. MuesliSwap, one of the most popular DEXs on the Cardano network,…
AVAX, the 9th largest cryptocurrency by market capitalization, has defied recent selling pressure and surged a remarkable 13% in the last 24 hours. The rally pushed the Avalanche Network token to a 10-day high of $36, sparking optimism among investors for a more sustained upward trend. Analysts attribute this positive momentum to two key factors: increased activity in a decentralized social app called The Arena and the introduction of a groundbreaking scaling solution from Ava Labs. Solid growth: AVAX TVL up 27% The Arena, a SocialFi platform built on the Avalanche blockchain, achieved a remarkable 27% surge in total value…
Bitget Wallet Launches Task2Get Season 5: zkLink Interactive Rewards Journey – Chainwire housenewsroomBitget Wallet Launches Task2Get Season 5: zkLink Interactive Rewards Journey We use cookies to make Chainwire’s website a better experience. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or access is necessary…