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Gitcoin: Gitcoin Grants 21 Coming Soon
#GTC 
$PEPE  $NOT  $IOTA  

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PEPE

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0,0129

-4.58%

IOTA

0,1497

-5.07%

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Data: ETH falls below $BTC According to market conditions, ETH has fallen below $3,200, currently trading at $3,193.51, a 24-hour decline of 4.41%. $BTC $ETH $bnb

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Kujira Foundation's operating wallet was liquidated, causing the token to drop 40%. According to The Block report, the price of the Kujira token fell by 40% today, from $0.97 to $0.57, due to the liquidation of the Kujira Foundation's operating wallet. The foundation had taken on leveraged liquidity provider positions worth millions of dollars, but failed to properly manage them on its own DeFi platform. The team claimed in a statement that the use of leveraged positions with operating funds was aimed at improving liquidity and stimulating activity on its DEX. The liquidation occurred because the team's collateral, obtained through loans using their own Kujira (KUJI) token reserves, was insufficient in the volatile environment. This led to automatic liquidation, triggering a chain reaction of sell-offs and causing the collateral asset prices to drop. Data from Pulsar Finance shows that the team's wallet still has $2 million in debt. $BTC $ETH $BNB

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Due to the liquidation of the Kujira Foundation's operating wallet, the KUJI token has dropped 40%. According to a report by The Block, the price of the Kujira token fell by 40% today, from $0.97 to $0.57, due to the liquidation of the Kujira Foundation's operating wallet. The foundation had taken on leveraged liquidity provider positions worth millions of dollars, but failed to properly manage them on its own DeFi platform. The team claimed in a statement that the liquidation occurred because the team's loans, obtained using their own Kujira (KUJI) token reserves, were undercollateralized in the volatile environment, triggering an automatic liquidation and a cascading sell-off that led to a drop in the collateral asset prices. Data from Pulsar Finance shows that the team's wallet still has $2 million in debt. $BTC $ETH $BNB

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Kujira Foundation's operating wallet has been liquidated, and the token has dropped 40%. On August 1st, due to the liquidation of the Kujira Foundation's operational wallet, the price of the Kujira token fell by 40% today, from $0.97 to $BTC The foundation had taken on leveraged liquidity provider positions worth millions of dollars, but failed to properly manage them on its own DeFi platform. The team claimed in a statement that the use of leveraged positions with operational funds was aimed at improving liquidity and stimulating activity on its DEX. The liquidation occurred because the team's loans, collateralized by their own Kujira (KUJI) token reserves, were undercollateralized in the volatile environment. This triggered an automatic liquidation, sparking a chain reaction of sell-offs and leading to a drop in the price of the collateral assets. Data from Pulsar Finance shows the team's wallet still has $2 million in debt. $BTC $ETH $bnb

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The ApeCoin DAO proposal to open an Ape-themed hotel in downtown Bangkok, Thailand has been voted and approved. Foresight News reports that, according to Snapshot information, the ApeCoin DAO has initiated proposal AIP-448 to open an Ape-themed hotel in a prime location in the center of Bangkok, Thailand, which has been approved by a vote with 78.3% in favor. After the themed rooms are completed, the ApeCoin DAO will receive 50% of the room revenue within one year, and the DAO will also receive revenue from all themed rooms (including APE, BAYC, Otherside, Apechain, Mocaverse), with the funds being returned to the DAO treasury on a quarterly basis. The hotel will be responsible for the local compliance and settlement of the funds. $BTC $ETH $BNB

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