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WISE CRYPTO NEWS
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✂️ Insiders fleeced investors of $1.49 million in 10 hours 🤯 Four insider wallets purchased the meme token Thug for $255k in the same block in which the developer was adding #liquidity (initiating trading). Then, during the listing pump, they 💵 sold their tokens over 10 hours and earned 9,954 $SOL ($1.49 million), wiping Thug to zero. 🤷 This is a standard practice in meme #tokens , especially on the #Solana’ network. If a trader didn't participate in the presale, then buying at the listing means they end up trading against developers and other insiders, who, like a casino, always come out on top.🧐 #CryptoWatchMay2024 #BTC

✂️ Insiders fleeced investors of $1.49 million in 10 hours

🤯 Four insider wallets purchased the meme token Thug for $255k in the same block in which the developer was adding #liquidity (initiating trading). Then, during the listing pump, they 💵 sold their tokens over 10 hours and earned 9,954 $SOL ($1.49 million), wiping Thug to zero.

🤷 This is a standard practice in meme #tokens , especially on the #Solana’ network. If a trader didn't participate in the presale, then buying at the listing means they end up trading against developers and other insiders, who, like a casino, always come out on top.🧐

#CryptoWatchMay2024 #BTC

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Meme Craze: Half a Million New Tokens Appear on #Solananetwork. 🙀 455,000 new coins appeared on the Solana blockchain in May. The figure reached a monthly high due to low entry barriers and the hype around meme tokens. During the same period, 177,000 coins were issued on the L2 Base network, and 39,000 on the $BNB Chain. Approximately 20,000 tokens were created on the Ethereum #mainnet , as well as on second-layer solutions Arbitrum and Optimism. 🧐 "Solana is built to be a general purpose layer 1, with fast finality and high throughput with extremely low transaction fees" - noted Austin Federa, Head of Strategy at Solana Foundation. 👀 In his opinion, the mass adoption of the network is due to these characteristics, so "the cost of experimentation and new idea creation to near zero". He believes that tokens on Solana "should be as easy to create as content on the internet". 👍 🐶 Most of the new coins on the blockchain are meme #tokens . According to CoinGecko, the market cap of this segment is $9.4 B. #BNBCrossing660 #StartInvestingInCrypto
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#DWFLabs creates hype among memecoins! 🔥 In addition to the incredible contribution of $12 million to $FLOKI , DWF Labs also invested $5 million in the "female" meme coin $LADYS from the Milady NFT collection. 🤩 And an hour ago, DWF #labs CEO Andrei Grachev announced upcoming investments in three yet unknown #Memecoins🤑🤑 ! He does not reveal what exactly these projects will be, but it seems that fun days await us in the space of memcoins! 🥳🎇 #BNBCrossing660 #StartInvestingInCrypto
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DWF #labs buys $12 million worth of $FLOKI tokens 💰 #DWFLabs has just committed to purchase $12 million worth of FLOKI #tokens , some on the market and some to be purchased from the "Floki treasury". 👀 The exact number of tokens bought directly from developers is not disclosed, but the market has not yet reacted to this news. Previously, the well-known market maker announced that they were in talks with several memcoin projects about future cooperation, and DWF Labs CEO Andrei Grachev hinted that it would be 🐶 a "dog" memcoin. #BNBCrossing660 #StartInvestingInCrypto
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🌖 Community Demands Strong Plans, Rejects Tax Proposal Contrastingly, the #TerraLunaClassic community recently rejected Proposal 12105, which aimed to increase the $LUNC burn tax. The proposal was criticized for needing a concrete plan and rationality in its implementation. Critics deemed it a “lazy effort” because it was merely a text proposal without the means to effect immediate change. As a result, it only garnered 21.35% approval, with 32% outright opposition and 38% voting “No with a veto,” indicating a strong desire to prevent its passage. This rejection highlights the community’s demand for well-thought-out strategies rather than quick fixes. The community’s discerning approach to governance is evident as they seek proposals that offer clear, actionable solutions rather than temporary measures. Following the recent community vote, $LUNA , Terra Luna’s native token, saw a price increase of 1.68%, with its current trading price at $0.6547. However, the 24-hour #tradingvolume decreased by 24.35%, suggesting a potential continuation of the current #BEARISH📉 market trend. This shift in market dynamics indicates that the community’s decision has positively impacted the token’s price. #BNBCrossing660 #StartInvestingInCrypto
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🌖 Binance Burns 60 Billion Terra Luna Classic (LUNC) Post 1.35B LUNC The world’s largest crypto exchange Binance on Saturday burned 1.35 billion Terra Luna Classic tokens in the 22nd batch of its LUNC burn mechanism, continuing its support to the Terra Classic community. Binance’s total LUNC burn to date has now surpassed 60 billion, accounting for more than 52% of the total LUNC burned by the Terra Luna Classic community. Binance Sends 1.35 Billion Terra Luna Classic To Burn Address Crypto exchange Binance sent 1.35 billion Terra Luna Classic (LUNC) tokens to the burn address, as per the LUNC burn transaction on June 1. The 22nd batch of the LUNC burn mechanism Binance burned a significant amount of trading fees for the period between April 30 to May 30. Binance has now burned nearly 60.42 billion Terra Luna Classic (LUNC) tokens from trading fees on #LUNC✅ spot and margin trading pairs. Meanwhile, the net burn by the Terra Luna Classic community has now surpassed 116 billion LUNC. Last month, Binance burned 1.4 billion #TerraLunaClassic (LUNC) tokens. The #exchange burned 1.40 billion in trading fees on $LUNC spot and margin trading pairs worth $156,362 as trading volumes fell significantly in April. A similar decline in trading volumes was recorded in early May. However, trading volumes reversed higher in the last few weeks of May, with prices mostly traded sideways near $0.00012. #BNBCrossing660 #StartInvestingInCrypto
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