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🚀 Big News from Taiko! 🚀 Taiko, a Layer-2 rollup project on Ethereum, just announced an airdrop ahead of its mainnet launch, distributing a whopping 5% of its total supply of 1 billion tokens. 📣 Attention Crypto Enthusiasts! This post is purely for sharing information and insights about the latest cryptocurrency happenings. Who's Eligible? 🤔 If you're a part of the Taiko community, you might just be in luck! Check your eligibility if you're: A Block Proposer for Taiko A Prover for Taiko A Relayer for Taiko An active Taiko user (including Galxe point holders) A developer who has contributed to Taiko An eligible contributor on GitHub A qualified Loopring community member Taiko Tokenomics 💰 Taiko's token distribution is quite strategic: 48.5% to key stakeholders: 20% for Taiko Labs and the core team 16.88% as reserves for the Taiko Foundation 11.62% for investors 20% to the DAO Fund 5% for Grants and RetroPGF 5% for liquidity and market creation 10% for the Trailblazer airdrop (separate from this one) How to Claim Your Tokens 🤑 User contributions are evaluated and ranked. Hit a certain point threshold based on your participation and you qualify! Visit taiko website to check your eligibility. You've got 7 days to verify, and once the airdrop window opens, you'll have 1 month to claim your TKO tokens. The official airdrop date? Not announced yet, so stay tuned! About Taiko 🌟 Taiko is a fully open-source, decentralized ZK-Rollup project that works just like Ethereum, minus the central control. It's all about the community here! Two months ago, they raised an additional $15 million, totaling $37 million since their 2022 launch. With 6 testnets, over 1.1 million unique wallets, and a robust community of more than 850,000 members on Discord, Taiko is making waves! So, if you’re part of this vibrant community, make sure to check your eligibility and get ready to claim your tokens! 🎉 🚨 Disclaimer: This content is designed to keep you informed about the dynamic crypto landscape. It is not a guide to visiting third-party apps. #airdop

🚀 Big News from Taiko! 🚀

Taiko, a Layer-2 rollup project on Ethereum, just announced an airdrop ahead of its mainnet launch, distributing a whopping 5% of its total supply of 1 billion tokens.

📣 Attention Crypto Enthusiasts! This post is purely for sharing information and insights about the latest cryptocurrency happenings.

Who's Eligible? 🤔

If you're a part of the Taiko community, you might just be in luck! Check your eligibility if you're:

A Block Proposer for Taiko

A Prover for Taiko

A Relayer for Taiko

An active Taiko user (including Galxe point holders)

A developer who has contributed to Taiko

An eligible contributor on GitHub

A qualified Loopring community member

Taiko Tokenomics 💰

Taiko's token distribution is quite strategic:

48.5% to key stakeholders:

20% for Taiko Labs and the core team

16.88% as reserves for the Taiko Foundation

11.62% for investors

20% to the DAO Fund

5% for Grants and RetroPGF

5% for liquidity and market creation

10% for the Trailblazer airdrop (separate from this one)

How to Claim Your Tokens 🤑

User contributions are evaluated and ranked. Hit a certain point threshold based on your participation and you qualify! Visit taiko website to check your eligibility. You've got 7 days to verify, and once the airdrop window opens, you'll have 1 month to claim your TKO tokens. The official airdrop date? Not announced yet, so stay tuned!

About Taiko 🌟

Taiko is a fully open-source, decentralized ZK-Rollup project that works just like Ethereum, minus the central control. It's all about the community here! Two months ago, they raised an additional $15 million, totaling $37 million since their 2022 launch. With 6 testnets, over 1.1 million unique wallets, and a robust community of more than 850,000 members on Discord, Taiko is making waves!

So, if you’re part of this vibrant community, make sure to check your eligibility and get ready to claim your tokens! 🎉

🚨 Disclaimer: This content is designed to keep you informed about the dynamic crypto landscape. It is not a guide to visiting third-party apps.

#airdop

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Spot Ethereum ETFs to Attract Massive Inflows 💰 Ethereum ETF Awaits Final SEC Approval 📈 Ethereum surged to $3,977 recently, showing strong performance! Kaiko Research sees the approval of spot Ethereum ETFs as a big win for ETH. This move clears regulatory doubts, boosting Ethereum's long-term growth. Key Highlights: Regulatory Shift: The SEC's approval suggests Ethereum is viewed more as a commodity, not a security. This is a game-changer for how digital tokens might be treated in the U.S. Final Steps: While the SEC has approved the 19b-4 filing, the S-1 order is still pending. Spot Ethereum ETFs could launch in weeks or months! Short-Term Volatility & Grayscale Fund 🌀 Kaiko predicts short-term volatility, especially for Grayscale’s Ethereum fund (ETHE). With $11 billion in assets, it may see daily outflows of around $110 million once it becomes an ETF. Similar to Grayscale's Bitcoin fund, initial outflows could stabilize as other ETFs balance the market. Global Landscape & Market Dynamics 🌍 Hong Kong: Ethereum ETF funds in Hong Kong saw net outflows of $4.4 million since May, raising questions about U.S. market reactions. Market Depth: Centralized exchange data shows Ethereum’s market depth is 42% lower than before the FTX collapse, with U.S. market concentration dropping from 50% to 40% since early 2023. Stay tuned for more crypto insights! 👍 Remember: Generous contributions support the mission to provide the best investment advice. Tips enhance efforts to serve better. Disclaimer: This post is for informational purposes only and does not constitute financial advice. Your comments and tips are highly appreciated! They help continue bringing you top-tier investment insights. #Ethereum
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🚀 Ethereum and Bitcoin Correlation: Will Ether Price Pick Up Pace? 🚀 After the SEC approved Ethereum ETFs, Ether has yet to show signs of growth. For Bitcoin, it took almost a month post-ETF approval before the price surged to an all-time high of $73,738.00. In September 2022, Ethereum moved to proof of stake (PoS), making it more secure and sustainable. PoS uses staking instead of computational power, replacing miners with validators who stake their cryptocurrency to create new blocks. BTC/ETH Correlation The BTC/ETH correlation shows the price relationship between Bitcoin and Ethereum. The correlation coefficient measures how their prices move relative to each other, ranging from -1 to 1. A coefficient of 1 means BTC and ETH move in the same direction, -1 means they move in opposite directions, and 0 means no correlation. Historical data reveals that Ethereum tends to outperform Bitcoin in bull markets and underperform in bear markets. ETH was priced above 0.05 BTC during the bull runs of 2018 and 2021, with this level serving as strong support. Conversely, the 0.08 BTC level has been significant resistance. Recent Trends A Coinbase report shows that the $BTC / $ETH correlation has been declining since early 2023. Factors like the adoption of Ethereum-based dApps, the popularity of NFTs, and Ethereum's shift to PoS are driving this divergence. According to IntoTheBlock, 95% of current ETH positions are profitable, with a price increase of 30% over the past week. ETH whales are making significant moves, especially with the increased odds of ETF approval. Recently, ETH recorded an on-chain trading volume of $15.98 billion, the highest since June 2022, with 90% from transactions exceeding $100,000. Ethereum ETFs Expectations The approval of ETH ETFs marks a milestone in cryptocurrency acceptance, likely influencing increased activity among ETH whales. The substantial on-chain trading volumes suggest growing institutional and investor confidence in Ethereum. Disclaimer: This is not financial advice. #bitcoin #Binance
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