Hereโs what happened in crypto today ๐๐ฅ
April 26, 2024
A trader raked in millions flipping Solana-based memecoins, a rare satoshi from the fourth Bitcoin halving sold for over $2 million, and MetaMask developer Consensys filed a lawsuit against the United States Securities and Exchange Commission (SEC). Hereโs what went down in the crypto world today:
๐ฐ Trader scores big with Solana memecoins: A savvy trader made a whopping $23 million by flipping memecoins on the Solana blockchain. Using the Solana Name Service account "paulo.sol," this trader earned profits by trading tokens like Dogwifhat (WIF), Jeo Boden (BODEN), and Bonk (BONK).
The strategy involved buying low and selling high, with the biggest gains coming from BONK, totaling $6.28 million. The trader still holds over $7 million in BODEN and $5.7 million in WIF, indicating there's more action to come from this wallet .
๐ Epic sat from Bitcoin halving fetches $2.1 million: A rare satoshi from the fourth Bitcoin halving block was sold for a jaw-dropping 33.3 Bitcoin, worth over $2.1 million. The auction for this unique piece of Bitcoin history began on April 22 and concluded on April 25 with 34 bids. This "epic sat" from the 840,000th block has caught the attention of the Bitcoin community, proving that even the smallest unit of Bitcoin can have immense value .
โ๏ธ Consensys sues SEC over Ether regulation: Consensys, the developer behind MetaMask, has filed a lawsuit against the SEC and its commissioners, alleging that they plan to regulate Ether (ETH) as a security. The lawsuit claims that the SEC's move to regulate ETH could spell disaster for the Ethereum network, affecting every holder of the cryptocurrency. The filing points out the inconsistency in SEC Chairman Gary Gensler's statements regarding whether Ether is a security .
This is just a glimpse of the fast-moving world of crypto. For more updates and insights, follow and keep an eye on the latest news. If you found this interesting, consider tipping or sharing it with others who might enjoy it! ๐๐ก
