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EigenLayer Price Prediction: EIGEN Soars 9%, But Experts Say This PEPE Upgrade Might Be The Best Crypto To Buy Now The EigenLayer price pumped over 9% in the last 24 hours to trade at $3.72 as of 11:29 p.m. EST as investors go long on the altcoin. Despite the good 24-hour performance, the EIGEN price is still in the red by more than 7% on the weekly time frame. Despite the good 24-hour performance, the EIGEN price is still in the red by more than 7% on the weekly time frame. The EigenLayer price is attempting to flip the resistance level at $3.7215 into support after it printed a series of higher highs and higher lows in the last 48 hours. Should the crypto establish a position above this major price point, EIGEN could continue climbing through the course of the following trading day to potentially reach as high as $4.6730. However, sellers succeeding in keeping the EigenLayer price below $3.7215 for the next 12 hours might prevent the bullish move from happening. In this alternative scenario, EIGEN could stand the risk of dropping to the $3.0454 support. Technicals Warn The EigenLayer Price Might Pull Back Soon From a technical standpoint, indicators warn that EIGEN’s bullish momentum is cooling off. Along with the Moving Average Convergence Divergence (MACD), the Relative Strength Index (RSI) is also showing negative signs. With the MACD line currently positioned above the MACD Signal line, it seems that the EigenLayer price is in a bullish cycle. However, the shrinking gap between these two technical indicators warns that EIGEN’s trend could soon undergo a bearish reversal. Meanwhile, the RSI is valued in the high 50s, which suggests buyers have the upper hand against sellers. This might not be the case for long, however, given the negative slope of the RSI line. If bears continue to push the EigenLayer price down, the RSI might break below the 50 benchmark to indicate that sellers have stolen the advantage. #EigenLayer #WeAreAllSatoshi #Write2Earn #CryptoForEveryone #BecomeCreator $EIGEN {spot}(EIGENUSDT)
EigenLayer Price Prediction: EIGEN Soars 9%, But Experts Say This PEPE Upgrade Might Be The Best Crypto To Buy Now
The EigenLayer price pumped over 9% in the last 24 hours to trade at $3.72 as of 11:29 p.m. EST as investors go long on the altcoin.

Despite the good 24-hour performance, the EIGEN price is still in the red by more than 7% on the weekly time frame.

Despite the good 24-hour performance, the EIGEN price is still in the red by more than 7% on the weekly time frame.

The EigenLayer price is attempting to flip the resistance level at $3.7215 into support after it printed a series of higher highs and higher lows in the last 48 hours. Should the crypto establish a position above this major price point, EIGEN could continue climbing through the course of the following trading day to potentially reach as high as $4.6730.

However, sellers succeeding in keeping the EigenLayer price below $3.7215 for the next 12 hours might prevent the bullish move from happening. In this alternative scenario, EIGEN could stand the risk of dropping to the $3.0454 support.

Technicals Warn The EigenLayer Price Might Pull Back Soon
From a technical standpoint, indicators warn that EIGEN’s bullish momentum is cooling off. Along with the Moving Average Convergence Divergence (MACD), the Relative Strength Index (RSI) is also showing negative signs.

With the MACD line currently positioned above the MACD Signal line, it seems that the EigenLayer price is in a bullish cycle. However, the shrinking gap between these two technical indicators warns that EIGEN’s trend could soon undergo a bearish reversal.

Meanwhile, the RSI is valued in the high 50s, which suggests buyers have the upper hand against sellers. This might not be the case for long, however, given the negative slope of the RSI line. If bears continue to push the EigenLayer price down, the RSI might break below the 50 benchmark to indicate that sellers have stolen the advantage.

#EigenLayer #WeAreAllSatoshi #Write2Earn #CryptoForEveryone #BecomeCreator $EIGEN
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Bullish
Is It Too Late To Buy TURBO? Turbo Price Pumps 90% In A Month And This Might Be The Next Crypto To Explode logo US Search Inside Bitcoins I'm looking for... Search HomeNewsIs It Too Late To Buy Turbo Turbo Price Pumps 90 In A Month And This Might Be The Next Crypto To Explode Is It Too Late To Buy TURBO? Turbo Price Pumps 90% In A Month And This Might Be The Next Crypto To Explode By Evans Karanja PRO INVESTOR Updated: 09 October 2024 Disclosure We sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Disclosure Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong. TURBO price Join Our Telegram channel to stay up to date on breaking news coverage The Turbo price has surged 90% in a month and 5% in the last 24 hours to trade at $0.007051 as of 00:20 a.m. EST on trading volume that skyrocketed 69% to $236 million. Turbo Price On A Bullish Rally The Turbo price capitalized on the rounding bottom pattern around the $0.0034 support to push the price up towards the $0.0071 resistance, according to data from GeckoTerminal. However, the bears took control of the price, pushing the price of Turbo through a correction to the $0.0048 support and back to the resistance, forming another rounding bottom pattern. The bulls aim to capitalize on the pattern to keep propelling the price of Turbo, now trading above both the 50-day and 200-day Simple Moving Averages (SMAs). This affirms short-term and long-term price surges in the coming days. Moreover, the Relative Strength Index (RSI) is currently moving up towards the 70-overbought region, currently at 66, which is an indication that the asset is under intense buying pressure. #turbo #TURBO/USDT #BecomeCreator #CryptoForEveryone #Write2Earn $TURBO {spot}(TURBOUSDT) $HMSTR {spot}(HMSTRUSDT)
Is It Too Late To Buy TURBO? Turbo Price Pumps 90% In A Month And This Might Be The Next Crypto To Explode

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HomeNewsIs It Too Late To Buy Turbo Turbo Price Pumps 90 In A Month And This Might Be The Next Crypto To Explode
Is It Too Late To Buy TURBO? Turbo Price Pumps 90% In A Month And This Might Be The Next Crypto To Explode

By
Evans Karanja
PRO INVESTOR
Updated: 09 October 2024
Disclosure
We sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.

Disclosure
Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

TURBO price
Join Our Telegram channel to stay up to date on breaking news coverage

The Turbo price has surged 90% in a month and 5% in the last 24 hours to trade at $0.007051 as of 00:20 a.m. EST on trading volume that skyrocketed 69% to $236 million.

Turbo Price On A Bullish Rally
The Turbo price capitalized on the rounding bottom pattern around the $0.0034 support to push the price up towards the $0.0071 resistance, according to data from GeckoTerminal.

However, the bears took control of the price, pushing the price of Turbo through a correction to the $0.0048 support and back to the resistance, forming another rounding bottom pattern.

The bulls aim to capitalize on the pattern to keep propelling the price of Turbo, now trading above both the 50-day and 200-day Simple Moving Averages (SMAs). This affirms short-term and long-term price surges in the coming days.

Moreover, the Relative Strength Index (RSI) is currently moving up towards the 70-overbought region, currently at 66, which is an indication that the asset is under intense buying pressure.

#turbo #TURBO/USDT #BecomeCreator #CryptoForEveryone #Write2Earn $TURBO
$HMSTR
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Bullish
N0tably, $Sui (SUI)—a high-throughput Layer–1 blockchain based “on the Move programming language (originally developed by Facebook for its Diem project) outperformed in September, with a 116% return over Q3.” $Aave (AAVE), the largest on-chain lending and borrowing protocol displayed strength across the entire quarter, “rising by 71% on the back of improving fundamentals, major governance proposals acting as catalysts for tokenomics and a revival of DeFi liquidity.” Despite a slew of market pressures arising from German Government selling and Mt.Gox liquidations, Bitcoin’s liquidity “remains robust.” The Coin Metrics report further noted that BTC’s market depth within 2% of mid-price across Coin Metrics’ suite of exchanges “ranges between $50-$100M, with a recent expansion towards $150M ($12B in average daily volumes), suggesting adequate liquidity to stabilize major price impacts.” On July 23, 2024, which is a little over 5 months since the Bitcoin ETF was approved, the SEC extended their approval for the Ether ETF. While on-chain holdings now reach upwards of $7.4B, we have seen net flows of –163M $ETH since the inception of the $ETF, mostly leaving from Grayscale’s Ethereum Trust (ETHE) upon conversion to an ETF which levies much higher fees than its competitors. In Q3, the decentralized finance ($DeFi) sector was also in the limelight, with fundamental catalysts, ecosystem specific rebrands and “restructurings central to the discussion.” Aave, the largest money market protocol with $20B in assets supplied across markets on 13 networks is “one of the highest revenue generating protocols in the ecosystem.” On August 9th, 2024, BitGo had announced plans to restructure WBTC’s oversight through a joint venture with BiT Global, involving Justin Sun. The report from Coin Metrics added that this partnership raised eyebrows across the industry, “particularly among DeFi protocols offering $WBTC collateral markets.” #WeAreAllSatoshi #HBODocumentarySatoshiRevealed #SECAppealRipple #Write2Earn #CryptoForEveryone
N0tably, $Sui (SUI)—a high-throughput Layer–1 blockchain based “on the Move programming language (originally developed by Facebook for its Diem project) outperformed in September, with a 116% return over Q3.”

$Aave (AAVE), the largest on-chain lending and borrowing protocol displayed strength across the entire quarter, “rising by 71% on the back of improving fundamentals, major governance proposals acting as catalysts for tokenomics and a revival of DeFi liquidity.”

Despite a slew of market pressures arising from German Government selling and Mt.Gox liquidations, Bitcoin’s liquidity “remains robust.”

The Coin Metrics report further noted that BTC’s market depth within 2% of mid-price across Coin Metrics’ suite of exchanges “ranges between $50-$100M, with a recent expansion towards $150M ($12B in average daily volumes), suggesting adequate liquidity to stabilize major price impacts.”

On July 23, 2024, which is a little over 5 months since the Bitcoin ETF was approved, the SEC extended their approval for the Ether ETF.

While on-chain holdings now reach upwards of $7.4B, we have seen net flows of –163M $ETH since the inception of the $ETF, mostly leaving from Grayscale’s Ethereum Trust (ETHE) upon conversion to an ETF which levies much higher fees than its competitors.

In Q3, the decentralized finance ($DeFi) sector was also in the limelight, with fundamental catalysts, ecosystem specific rebrands and “restructurings central to the discussion.”

Aave, the largest money market protocol with $20B in assets supplied across markets on 13 networks is “one of the highest revenue generating protocols in the ecosystem.”

On August 9th, 2024, BitGo had announced plans to restructure WBTC’s oversight through a joint venture with BiT Global, involving Justin Sun.

The report from Coin Metrics added that this partnership raised eyebrows across the industry, “particularly among DeFi protocols offering $WBTC collateral markets.”
#WeAreAllSatoshi #HBODocumentarySatoshiRevealed #SECAppealRipple #Write2Earn #CryptoForEveryone
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Bullish
Digital Assets Report: $Bitcoin (BTC) and $Solana (SOL) Lead Crypto Market Performance YTD Tanay Ved and Matías Andrade from Coin Metrics noted that despite volatility from factors like Mt. Gox repayments and the Yen carry trade, Bitcoin demonstrated considerable stability. In fact, the report pointed out that BTC and SOL now notably lead performance YTD (+54% and +53% respectively). The Coin Metrics report added that Ethereum ETFs debuted in August of this year, witnessing relatively weaker inflows, and reduced validator profitability amid lower L1 network activity post-Dencun upgrade. The Coin Metrics explained that the impact of Ethereum‘s rollup-centric scaling roadmap and value accrual “continue to evolve.” The research study added that the DeFi or decentralized finance sector saw significant activity, including Maker‘s rebrand to the “Sky Ecosystem” & Wrapped-Bitcoin’s (WBTC) restructuring from BitGo. In this latest edition of State of the Network, Coin Metrics take a data-driven look at key developments that impacted the digital assets ecosystem during Q3 2024. As stated in the Coin Metrics update, Q3 2024 was characterized by a combination of “catalysts” and “market pressures,” inducing bouts of market volatility. In the face of creditor repayments, market selling from various entities and the side-effects of the Yen-carry trade, on-chain infrastructure remained resilient, Bitcoin (BTC) displayed “remarkable stability” and the stablecoins continued their ongoing and steady expansion across the Web3 ecosystem. Over the course of 2024, BTC remains the “best performing” crypto-asset (+54%), followed by SOL (53%), while Microstrategy (MSTR) is having a strong year on the back of its bitcoin buying spree. #WeAreAllSatoshi #HBODocumentarySatoshiRevealed #SECAppealRipple #Write2Earn! #BecomeCreator $BIFI {spot}(BIFIUSDT) $FLOKI {spot}(FLOKIUSDT) $PEOPLE {spot}(PEOPLEUSDT)
Digital Assets Report: $Bitcoin (BTC) and $Solana (SOL) Lead Crypto Market Performance YTD

Tanay Ved and Matías Andrade from Coin Metrics noted that despite volatility from factors like Mt. Gox repayments and the Yen carry trade, Bitcoin demonstrated considerable stability. In fact, the report pointed out that BTC and SOL now notably lead performance YTD (+54% and +53% respectively).

The Coin Metrics report added that Ethereum ETFs debuted in August of this year, witnessing relatively weaker inflows, and reduced validator profitability amid lower L1 network activity post-Dencun upgrade.

The Coin Metrics explained that the impact of Ethereum‘s rollup-centric scaling roadmap and value accrual “continue to evolve.”

The research study added that the DeFi or decentralized finance sector saw significant activity, including Maker‘s rebrand to the “Sky Ecosystem” & Wrapped-Bitcoin’s (WBTC) restructuring from BitGo.

In this latest edition of State of the Network, Coin Metrics take a data-driven look at key developments that impacted the digital assets ecosystem during Q3 2024.

As stated in the Coin Metrics update, Q3 2024 was characterized by a combination of “catalysts” and “market pressures,” inducing bouts of market volatility.

In the face of creditor repayments, market selling from various entities and the side-effects of the Yen-carry trade, on-chain infrastructure remained resilient, Bitcoin (BTC) displayed “remarkable stability” and the stablecoins continued their ongoing and steady expansion across the Web3 ecosystem.

Over the course of 2024, BTC remains the “best performing” crypto-asset (+54%), followed by SOL (53%), while Microstrategy (MSTR) is having a strong year on the back of its bitcoin buying spree.

#WeAreAllSatoshi #HBODocumentarySatoshiRevealed #SECAppealRipple #Write2Earn! #BecomeCreator $BIFI
$FLOKI
$PEOPLE
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Bullish
Meme Coins Soar 9% As Crypto All-Stars Surges Past $2 Million In Presale Meme coins have performed strongly in the past 24 hours, rounding up to a market capitalization of $51.29 billion after dipping to $43.71 billion on Friday. One of the top performers among meme coins on Saturday is DogWifHat ($WIF), which gained 12%, followed by Toshi ($TOSHI) with a 10% increase and Mog Coin ($MOG) with a 7.95% spike. These gains are certainly welcome for the sector, which aims to move past a week hampered by rising geopolitical tensions in the Middle East, posting strong gains ahead of next week. No specific catalyst can be pinpointed as the trigger for Saturday’s rally. However, Moo Deng ($MOODENG), a breakout coin from September, has been making headlines lately, with reports of a trader making off with $7.5 million from an $800 investment in this token. Moo Deng, inspired by the eponymous energetic pygmy hippopotamus from Thailand, has gained online fame recently and may have contributed to Saturday’s rally with a 30% surge and $500 million in trading volume on Friday. But more importantly, $MOODENG is a refreshing new entrant in the meme coin sector, signaling that the market still has an appetite for meme coins beyond the sea of Shiba Inu copycats. While other meme coins like PepeCoin ($PEPECOIN), Dogecoin ($DOGE), Brett ($BRETT) and others can be staked on MemeVault, simply holding $STARS provides investors with an additional push to triple staking rewards. #WeAreAllSatoshi #HBODocumentarySatoshiRevealed #SECAppealRipple #Write2Earn #CryptoForEveryone $DOGE {spot}(DOGEUSDT) $WIF {spot}(WIFUSDT) $MEME {spot}(MEMEUSDT)
Meme Coins Soar 9% As Crypto All-Stars Surges Past $2 Million In Presale

Meme coins have performed strongly in the past 24 hours, rounding up to a market capitalization of $51.29 billion after dipping to $43.71 billion on Friday.

One of the top performers among meme coins on Saturday is DogWifHat ($WIF ), which gained 12%, followed by Toshi ($TOSHI) with a 10% increase and Mog Coin ($MOG) with a 7.95% spike.

These gains are certainly welcome for the sector, which aims to move past a week hampered by rising geopolitical tensions in the Middle East, posting strong gains ahead of next week.

No specific catalyst can be pinpointed as the trigger for Saturday’s rally. However, Moo Deng ($MOODENG), a breakout coin from September, has been making headlines lately, with reports of a trader making off with $7.5 million from an $800 investment in this token.

Moo Deng, inspired by the eponymous energetic pygmy hippopotamus from Thailand, has gained online fame recently and may have contributed to Saturday’s rally with a 30% surge and $500 million in trading volume on Friday.

But more importantly, $MOODENG is a refreshing new entrant in the meme coin sector, signaling that the market still has an appetite for meme coins beyond the sea of Shiba Inu copycats.
While other meme coins like PepeCoin ($PEPECOIN), Dogecoin ($DOGE ), Brett ($BRETT) and others can be staked on MemeVault, simply holding $STARS provides investors with an additional push to triple staking rewards.
#WeAreAllSatoshi #HBODocumentarySatoshiRevealed #SECAppealRipple #Write2Earn #CryptoForEveryone $DOGE
$WIF
$MEME
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Bullish
Siacoin (SC) Siacoin, the final token in this set, has been turning heads, showing a notable 6.45% price increase in the past 24 hours. Currently priced at $0.004756, it’s moving upwards, and for good reason. This surge is another sign of SC’s resilience, as it proves its potential despite market fluctuations. Moreover, Siacoin powers Sia, a decentralized cloud storage platform, extending its utility beyond price movements. Users can lease unused storage space through a secure marketplace, making it both functional and innovative. Additionally, agreements are enforced via smart contracts, with SC as the payment method. In fact, Sia’s network is designed with security in mind. Files are divided into 30 encrypted segments, which are distributed across unique hosts. Furthermore, renters use SC to pay hosts, who in turn lock their tokens in smart contracts as collateral. This ensures stability within the network. As for its short-term outlook, SC displays strong liquidity with a volume-to-market cap ratio of 0.0408. Meanwhile, its 14-day RSI of 43.26 indicates neutral trading, suggesting potential sideways movement. Even more, SC has recorded 17 green days in the past 30, representing 57%, and its volatility remains impressively low at just 7%. Looking ahead, SC’s long-term performance offers a mixed picture. It’s currently trading 38.05% below its 200-day SMA of $0.007676. Yet, it has seen a 58% price increase over the past year, outperforming 51% of the top 100 crypto assets. All in all, Siacoin’s balance of short-term stability and long-term growth makes it a project worth watching. #WeAreAllSatoshi #HBODocumentarySatoshiRevealed #SECAppealRipple #Write2Earn #CryptoForEveryone $SC {spot}(SCUSDT) $GHST {spot}(GHSTUSDT) $PEPE {spot}(PEPEUSDT)
Siacoin (SC)
Siacoin, the final token in this set, has been turning heads, showing a notable 6.45% price increase in the past 24 hours. Currently priced at $0.004756, it’s moving upwards, and for good reason. This surge is another sign of SC’s resilience, as it proves its potential despite market fluctuations.

Moreover, Siacoin powers Sia, a decentralized cloud storage platform, extending its utility beyond price movements. Users can lease unused storage space through a secure marketplace, making it both functional and innovative. Additionally, agreements are enforced via smart contracts, with SC as the payment method.

In fact, Sia’s network is designed with security in mind. Files are divided into 30 encrypted segments, which are distributed across unique hosts. Furthermore, renters use SC to pay hosts, who in turn lock their tokens in smart contracts as collateral. This ensures stability within the network.

As for its short-term outlook, SC displays strong liquidity with a volume-to-market cap ratio of 0.0408. Meanwhile, its 14-day RSI of 43.26 indicates neutral trading, suggesting potential sideways movement. Even more, SC has recorded 17 green days in the past 30, representing 57%, and its volatility remains impressively low at just 7%.

Looking ahead, SC’s long-term performance offers a mixed picture. It’s currently trading 38.05% below its 200-day SMA of $0.007676. Yet, it has seen a 58% price increase over the past year, outperforming 51% of the top 100 crypto assets. All in all, Siacoin’s balance of short-term stability and long-term growth makes it a project worth watching.
#WeAreAllSatoshi #HBODocumentarySatoshiRevealed #SECAppealRipple #Write2Earn #CryptoForEveryone $SC
$GHST
$PEPE
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Bullish
SKALE (SKL) Following EthereumPoW, SKALE emerges as the third top gainer, with a 6.84% price surge in the last 24 hours. Currently priced at $0.037124, SKALE’s rise reflects its role as a crucial player in scaling Ethereum. This modular blockchain network offers something rare — zero gas fees for users, making it especially appealing in high-demand environments. Moreover, SKALE enables developers to run DApps on its decentralized, modular cloud. This flexibility ensures security while enabling Solidity smart contracts to run faster and cheaper than Ethereum’s mainnet. Games and content services already use SKALE, proving its real-world utility. SKALE also addresses Ethereum’s scalability challenges head-on. With zero gas fees and virtually unlimited capacity, it scales as new nodes join the network. This allows SKALE to process up to 2,000 transactions per second per chain, offering Ethereum a faster, more efficient solution. Importantly, this architecture helps combat soaring gas fees, a persistent problem for many blockchain projects. For short-term performance, SKALE has high liquidity with a volume-to-market cap ratio of 0.1832. Its 14-day RSI sits at 73.58, indicating it may soon experience a pullback. Despite this, the network recorded 50% green days in the last 30 days, and volatility remains low at 11%. Long-term, SKALE is trading 52.53% below its 200-day SMA but has shown resilience with a 75% price increase over the past year. Impressively, it outperformed 55% of the top 100 crypto assets, solidifying its position as a top contender in the market. #WeAreAllSatoshi #HBODocumentarySatoshiRevealed #SECAppealRipple #Write2Earn #CryptoForEveryone $SKL {spot}(SKLUSDT) $BTC {spot}(BTCUSDT) $ETH {spot}(ETHUSDT)
SKALE (SKL)
Following EthereumPoW, SKALE emerges as the third top gainer, with a 6.84% price surge in the last 24 hours. Currently priced at $0.037124, SKALE’s rise reflects its role as a crucial player in scaling Ethereum. This modular blockchain network offers something rare — zero gas fees for users, making it especially appealing in high-demand environments.

Moreover, SKALE enables developers to run DApps on its decentralized, modular cloud. This flexibility ensures security while enabling Solidity smart contracts to run faster and cheaper than Ethereum’s mainnet. Games and content services already use SKALE, proving its real-world utility.
SKALE also addresses Ethereum’s scalability challenges head-on. With zero gas fees and virtually unlimited capacity, it scales as new nodes join the network. This allows SKALE to process up to 2,000 transactions per second per chain, offering Ethereum a faster, more efficient solution. Importantly, this architecture helps combat soaring gas fees, a persistent problem for many blockchain projects.
For short-term performance, SKALE has high liquidity with a volume-to-market cap ratio of 0.1832. Its 14-day RSI sits at 73.58, indicating it may soon experience a pullback. Despite this, the network recorded 50% green days in the last 30 days, and volatility remains low at 11%.

Long-term, SKALE is trading 52.53% below its 200-day SMA but has shown resilience with a 75% price increase over the past year. Impressively, it outperformed 55% of the top 100 crypto assets, solidifying its position as a top contender in the market.
#WeAreAllSatoshi #HBODocumentarySatoshiRevealed #SECAppealRipple #Write2Earn #CryptoForEveryone $SKL
$BTC
$ETH
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Bullish
EthereumPow (ETHW) Building on the momentum of Tectum, EthereumPoW is also seeing significant gains. The price of ETHW surged by 10.75% over the last 24 hours, reaching $3.27 today. As a result, this sharp rise puts ETHW squarely on the radar of traders and investors alike. EthereumPoW emerged as a hard fork of Ethereum during the Ethereum Merge. While Ethereum transitioned to proof-of-stake, ETHW retained the original proof-of-work consensus. This fork allows developers to build on either chain or duplicate DApps and liquidity from Ethereum to EthereumPoW. Essentially, it creates a parallel Ethereum network for those who prefer the proof-of-work model. Additionally, when it comes to security, ETHW sticks to Ethereum’s tried-and-true proof-of-work mechanism. This offers both familiarity and reliability for miners and developers who supported Ethereum before the Merge. In terms of short-term performance, ETHW shows strength. It posted 18 positive trading days out of the last 30, representing 60% of the time. Moreover, its 14-day RSI sits at 49.99, indicating a neutral trend. #WeAreAllSatoshi #HBODocumentarySatoshiRevealed #SECAppealRipple #Write2Earn! #BecomeCreator $EIGEN {spot}(EIGENUSDT) $FIO {spot}(FIOUSDT) $W {spot}(WUSDT)
EthereumPow (ETHW)
Building on the momentum of Tectum, EthereumPoW is also seeing significant gains. The price of ETHW surged by 10.75% over the last 24 hours, reaching $3.27 today. As a result, this sharp rise puts ETHW squarely on the radar of traders and investors alike.

EthereumPoW emerged as a hard fork of Ethereum during the Ethereum Merge. While Ethereum transitioned to proof-of-stake, ETHW retained the original proof-of-work consensus. This fork allows developers to build on either chain or duplicate DApps and liquidity from Ethereum to EthereumPoW. Essentially, it creates a parallel Ethereum network for those who prefer the proof-of-work model.

Additionally, when it comes to security, ETHW sticks to Ethereum’s tried-and-true proof-of-work mechanism. This offers both familiarity and reliability for miners and developers who supported Ethereum before the Merge.

In terms of short-term performance, ETHW shows strength. It posted 18 positive trading days out of the last 30, representing 60% of the time. Moreover, its 14-day RSI sits at 49.99, indicating a neutral trend.
#WeAreAllSatoshi #HBODocumentarySatoshiRevealed #SECAppealRipple #Write2Earn! #BecomeCreator $EIGEN
$FIO
$W
--
Bullish
Top Crypto Gainers Today Oct 05 – Tectum, EthereumPow, SKALE, Siacoin Biggest Crypto Gainers Today – Top List As the crypto market evolves rapidly, understanding the strengths and potential of today’s rising stars is crucial. What’s driving their gains? How are they positioned for long-term success? In this article, we’ll explore each token’s unique features and recent price movements. Moreover, we’ll discuss their growth prospects, revealing why they’re worth your investment consideration. Get ready to dig into today’s top crypto gainers—you won’t want to miss what these tokens have to offer! 1. Tectum (TET) Today, Tectum is gaining serious momentum in the crypto world. At a current price of $12.60, its value surged by 16.47% in the last 24 hours. Clearly, something big is happening here. To begin with, one of the most exciting developments is the release of Tectum’s SoftNote Wallet App on iOS. Previously only accessible through a web interface, users can now enjoy instant, zero-fee crypto transactions directly from their mobile devices. This, of course, is a huge step toward broader adoption. While the app is already available in major markets like the USA, Russia, India, Turkey, and Brazil, it doesn’t stop there. Android users can expect their version soon, widening access even further. Moreover, Tectum’s blockchain is setting records for speed. In fact, it’s the fastest network globally, processing 3.5 million transactions per second. Comparatively, Bitcoin only handles 4.6 to 7 transactions per second. This is possible thanks to Tectum’s unique Proof-of-Utility consensus and network protocol, which optimizes data distribution. #WeAreAllSatoshi #SECAppealRipple #NeiroOnBinance #Write2Earn #CryptoForEveryone $NEIRO {spot}(NEIROUSDT) $TURBO {spot}(TURBOUSDT) $1MBABYDOGE {spot}(1MBABYDOGEUSDT)
Top Crypto Gainers Today Oct 05 – Tectum, EthereumPow, SKALE, Siacoin

Biggest Crypto Gainers Today – Top List
As the crypto market evolves rapidly, understanding the strengths and potential of today’s rising stars is crucial. What’s driving their gains? How are they positioned for long-term success? In this article, we’ll explore each token’s unique features and recent price movements. Moreover, we’ll discuss their growth prospects, revealing why they’re worth your investment consideration. Get ready to dig into today’s top crypto gainers—you won’t want to miss what these tokens have to offer!

1. Tectum (TET)
Today, Tectum is gaining serious momentum in the crypto world. At a current price of $12.60, its value surged by 16.47% in the last 24 hours. Clearly, something big is happening here.

To begin with, one of the most exciting developments is the release of Tectum’s SoftNote Wallet App on iOS. Previously only accessible through a web interface, users can now enjoy instant, zero-fee crypto transactions directly from their mobile devices. This, of course, is a huge step toward broader adoption. While the app is already available in major markets like the USA, Russia, India, Turkey, and Brazil, it doesn’t stop there. Android users can expect their version soon, widening access even further.

Moreover, Tectum’s blockchain is setting records for speed. In fact, it’s the fastest network globally, processing 3.5 million transactions per second. Comparatively, Bitcoin only handles 4.6 to 7 transactions per second. This is possible thanks to Tectum’s unique Proof-of-Utility consensus and network protocol, which optimizes data distribution.

#WeAreAllSatoshi #SECAppealRipple #NeiroOnBinance #Write2Earn #CryptoForEveryone $NEIRO
$TURBO
$1MBABYDOGE
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Bullish
Pepe Coin (PEPE) Amidst the red week, Pepe coin remains a significant player, displaying a market cap of $3.9 billion. Despite a decline from its previous high of $7 billion, Pepe coin is viewed as a promising contender poised to compete with established giants like Shiba Inu and Dogecoin. This meme coin, which has garnered a strong narrative within the crypto community, is particularly appealing for investors looking for opportunities during bearish market conditions. The key advantage for $PEPE is that 100% of its coins are already in circulation, eliminating the risk of additional coin injections that could further depress prices. With accessibility on major exchanges, Pepe coin offers a robust ecosystem for investors. Many believe that Pepe coin could bounce back and experience significant growth, making it an attractive option for those looking to capitalize on future market movements.
Pepe Coin (PEPE)
Amidst the red week, Pepe coin remains a significant player, displaying a market cap of $3.9 billion. Despite a decline from its previous high of $7 billion, Pepe coin is viewed as a promising contender poised to compete with established giants like Shiba Inu and Dogecoin.

This meme coin, which has garnered a strong narrative within the crypto community, is particularly appealing for investors looking for opportunities during bearish market conditions.

The key advantage for $PEPE is that 100% of its coins are already in circulation, eliminating the risk of additional coin injections that could further depress prices. With accessibility on major exchanges, Pepe coin offers a robust ecosystem for investors.

Many believe that Pepe coin could bounce back and experience significant growth, making it an attractive option for those looking to capitalize on future market movements.
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Bullish
Sei (SEI) The Sei ecosystem showcases impressive metrics, boasting over 1.2 billion transactions and an impressive 12,500 transactions per second (TPS). These statistics reflect Sei’s efficiency and capability as a parallel blockchain, which has positioned it favorably in the competitive landscape of blockchain technology. Throughout the year, $SEI has demonstrated a robust trajectory, rising from $0.11 to a peak of $1, followed by a recent correction that brought it down to its current price of $0.40. This retracement could present an attractive buying opportunity for investors looking to capitalize on future gains. The market sentiment surrounding Sei remains optimistic, with expectations of potential upward movement as the market stabilizes. With its low market cap of approximately $1.4 billion and historical highs of $2.8 billion, Sei has room to grow, especially if the market experiences a bullish turnaround in the coming months. Investors are encouraged to explore $SEI further, as its combination of strong fundamentals and utility could provide significant opportunities for profit. The network’s accessibility on major exchanges, such as Binance and Coinbase, enhances its appeal, allowing for easier trading and investment. Overall, $SEI stands out as a promising asset in the current crypto landscape, especially for those seeking to navigate through market fluctuations.
Sei (SEI)
The Sei ecosystem showcases impressive metrics, boasting over 1.2 billion transactions and an impressive 12,500 transactions per second (TPS). These statistics reflect Sei’s efficiency and capability as a parallel blockchain, which has positioned it favorably in the competitive landscape of blockchain technology.

Throughout the year, $SEI has demonstrated a robust trajectory, rising from $0.11 to a peak of $1, followed by a recent correction that brought it down to its current price of $0.40. This retracement could present an attractive buying opportunity for investors looking to capitalize on future gains.

The market sentiment surrounding Sei remains optimistic, with expectations of potential upward movement as the market stabilizes. With its low market cap of approximately $1.4 billion and historical highs of $2.8 billion, Sei has room to grow, especially if the market experiences a bullish turnaround in the coming months.

Investors are encouraged to explore $SEI further, as its combination of strong fundamentals and utility could provide significant opportunities for profit. The network’s accessibility on major exchanges, such as Binance and Coinbase, enhances its appeal, allowing for easier trading and investment.

Overall, $SEI stands out as a promising asset in the current crypto landscape, especially for those seeking to navigate through market fluctuations.
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Bullish
Kaspa (KAS) While many crypto are experiencing downturns, $KAS has been on a steady upward trajectory since its launch. With a market cap of approximately $3.6 billion, Kaspa exhibits a solid foundation and impressive utility, making it an appealing option for investors looking for potential gains. Kaspa’s unique proof-of-work consensus mechanism sets it apart, offering a fair launch and enhanced scalability. Its ability to consistently print higher lows and higher highs since 2022 signals strong market confidence. Although it has faced a recent correction, dropping from $0.17 to $0.14, this may present a buying opportunity for those seeking a discounted entry point. Historically, $KAS has shown resilience, often bouncing back swiftly from similar dips. As the market evolves, Kaspa is well-positioned for significant growth, with analysts suggesting a potential 5x to 10x increase in value. Its strong market accessibility through numerous tier-2 exchanges further supports its growth potential. XRP (XRP) In the current bearish week for the crypto market, XRP stands out with some interesting observations. Currently priced around $0.53, $XRP has seen fluctuations, previously trading at $0.66. Historical data suggests that whenever $XRP drops to the $0.50 region, it often rebounds, hinting at a possibility of returning to nearly a dollar in the near future. However, concerns linger regarding XRP’s market capitalization, which many believe is unlikely to reach its previous peak of $127 billion again.
Kaspa (KAS)
While many crypto are experiencing downturns, $KAS has been on a steady upward trajectory since its launch. With a market cap of approximately $3.6 billion, Kaspa exhibits a solid foundation and impressive utility, making it an appealing option for investors looking for potential gains.

Kaspa’s unique proof-of-work consensus mechanism sets it apart, offering a fair launch and enhanced scalability. Its ability to consistently print higher lows and higher highs since 2022 signals strong market confidence.

Although it has faced a recent correction, dropping from $0.17 to $0.14, this may present a buying opportunity for those seeking a discounted entry point. Historically, $KAS has shown resilience, often bouncing back swiftly from similar dips.

As the market evolves, Kaspa is well-positioned for significant growth, with analysts suggesting a potential 5x to 10x increase in value. Its strong market accessibility through numerous tier-2 exchanges further supports its growth potential.

XRP (XRP)
In the current bearish week for the crypto market, XRP stands out with some interesting observations. Currently priced around $0.53, $XRP has seen fluctuations, previously trading at $0.66.

Historical data suggests that whenever $XRP drops to the $0.50 region, it often rebounds, hinting at a possibility of returning to nearly a dollar in the near future. However, concerns linger regarding XRP’s market capitalization, which many believe is unlikely to reach its previous peak of $127 billion again.
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Bullish
5 Best Altcoins to Watch in October for 10X Potential – $PLSX, $KAS, $XRP, $SEI, $PEPE {spot}(PEPEUSDT) logo US Search Inside Bitcoins I'm looking for... Search HomeNews5 Best Altcoins To Watch In October For 10x Potential Plsx Kas Xrp Sei Pepe 5 Best Altcoins to Watch in October for 10X Potential – $PLSX, $KAS, $XRP, $SEI, $PEPE By Rochelle Manalo PRO INVESTOR Updated: 05 October 2024 Disclosure We sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Disclosure Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong. 5 Best Altcoins to Watch in October for 10X Potential – $PLSX, $KAS, $XRP, $SEI, $PEPE Join Our Telegram channel to stay up to date on breaking news coverage The current state of the crypto market is marked by a significant downturn, contradicting expectations for a strong start to the month. However, this setback shouldn’t deter investors from pursuing growth and capitalizing on opportunities. With the right strategy and patience, the current market conditions may offer a unique window for accumulating high-potential tokens at discounted prices before the next bullish wave. This article highlights the top five altcoins to buy in October with 10x potential. PulseX (PLSX) During a volatile week for the crypto market, where many tokens are struggling, PulseX is standing out as a noteworthy performer. Currently priced at $0.0000349, $PLSX is part of the expanding Pulsechain ecosystem, which is benefiting from the resilience of its companion token, HEX. The Pulsechain network has witnessed impressive growth, with a reported 73% increase in value over the past month, reflecting a broader positive trend in its ecosystem. The decentralized exchange (DEX) allows users to swap tokens efficiently, and its unique deflationary
5 Best Altcoins to Watch in October for 10X Potential – $PLSX, $KAS, $XRP, $SEI, $PEPE
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5 Best Altcoins to Watch in October for 10X Potential – $PLSX, $KAS, $XRP, $SEI, $PEPE

By
Rochelle Manalo
PRO INVESTOR
Updated: 05 October 2024
Disclosure
We sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.

Disclosure
Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

5 Best Altcoins to Watch in October for 10X Potential – $PLSX, $KAS, $XRP, $SEI, $PEPE
Join Our Telegram channel to stay up to date on breaking news coverage

The current state of the crypto market is marked by a significant downturn, contradicting expectations for a strong start to the month. However, this setback shouldn’t deter investors from pursuing growth and capitalizing on opportunities.

With the right strategy and patience, the current market conditions may offer a unique window for accumulating high-potential tokens at discounted prices before the next bullish wave. This article highlights the top five altcoins to buy in October with 10x potential.

PulseX (PLSX)
During a volatile week for the crypto market, where many tokens are struggling, PulseX is standing out as a noteworthy performer. Currently priced at $0.0000349, $PLSX is part of the expanding Pulsechain ecosystem, which is benefiting from the resilience of its companion token, HEX.

The Pulsechain network has witnessed impressive growth, with a reported 73% increase in value over the past month, reflecting a broader positive trend in its ecosystem.

The decentralized exchange (DEX) allows users to swap tokens efficiently, and its unique deflationary
XRP Price Collapses as SEC Appeals Ripple Case, Here's When 'Uptober' Really Starts for Bitcoin, ShiPick Stocks with AI © Reuters. XRP Price Collapses as SEC Appeals Ripple Case, Here\'s When \'Uptober\' Really Starts for Bitcoin, Shiba Inu Sees 2,944% Bullish Whale Activity Spike: Crypto News Digest by U.Today BTC/USD 1.61% XRP/USD 0.82% SHIB/USD 5.72% XRP price collapses as SEC appeals Ripple case After keeping the XRP community in suspense almost until the very last moment before the Oct. 7 deadline, the U.S. SEC has officially decided to appeal the ruling in the Ripple case. As a remin

XRP Price Collapses as SEC Appeals Ripple Case, Here's When 'Uptober' Really Starts for Bitcoin, Shi

Pick Stocks with AI
© Reuters. XRP Price Collapses as SEC Appeals Ripple Case, Here\'s When \'Uptober\' Really Starts for Bitcoin, Shiba Inu Sees 2,944% Bullish Whale Activity Spike: Crypto News Digest by U.Today
BTC/USD
1.61%

XRP/USD
0.82%

SHIB/USD
5.72%

XRP price collapses as SEC appeals Ripple case
After keeping the XRP community in suspense almost until the very last moment before the Oct. 7 deadline, the U.S. SEC has officially decided to appeal the ruling in the Ripple case. As a remin
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Bullish
Top Crypto Gainers Today Oct 03 – Brickken, Axelar, Stacks, Centrifuge n the crypto market, what often distinguishes a winning investor from a losing one is access to strategic information. As the digital space evolves, staying ahead of trends and understanding emerging assets becomes crucial. Today, we spotlight the top crypto gainers, showcasing Brickken, Axelar, Stacks, and Centrifuge. These tokens have recently captured attention due to their impressive price movements and innovative solutions. Join us as we analyze the data that could help you navigate this dynamic market and seize opportunities for growth. Biggest Crypto Gainers Today – Top List As we explore today’s top crypto gainers, understanding the market context is crucial. The global cryptocurrency market cap is currently $2.18 trillion, with a -3.44% change in the last 24 hours. Additionally, the market sentiment is bearish, reflected by a Fear & Greed Index at 37 (Fear). This shows caution among investors, as only 17% of cryptocurrencies have gained value recently. 1. Brickken (BKN) Brickken has taken the spotlight today with an impressive 19.21% surge, bringing its price to $0.329973. This sharp rise highlights the growing interest in the token, especially as it reaches a crucial milestone in its Total Value Locked (TVL), which now exceeds $12M. With this achievement, Brickken has solidified its position in the RWA category, ranking #28 overall and #2 on the Binance Smart Chain (BSC). Liquidity isn’t an issue for Brickken, boasting a volume-to-market-cap ratio of 0.0471, indicating ample room for transactions without major price swings. However, the 14-day RSI of 65.72 suggests the token isn’t overbought, hinting at potential sideways movement in the short term. Over the past 30 days, Brickken had 17 green days, marking a positive trend with relatively low volatility at 27%. #BinanceLaunchpoolHMSTR #SECAppealRipple #SECFilesAppealRipple #EIGENonBinance #Write2Earn! $XRP {spot}(XRPUSDT) $MEME {spot}(MEMEUSDT) $PEPE {spot}(PEPEUSDT)
Top Crypto Gainers Today Oct 03 – Brickken, Axelar, Stacks, Centrifuge

n the crypto market, what often distinguishes a winning investor from a losing one is access to strategic information. As the digital space evolves, staying ahead of trends and understanding emerging assets becomes crucial. Today, we spotlight the top crypto gainers, showcasing Brickken, Axelar, Stacks, and Centrifuge. These tokens have recently captured attention due to their impressive price movements and innovative solutions. Join us as we analyze the data that could help you navigate this dynamic market and seize opportunities for growth.

Biggest Crypto Gainers Today – Top List
As we explore today’s top crypto gainers, understanding the market context is crucial. The global cryptocurrency market cap is currently $2.18 trillion, with a -3.44% change in the last 24 hours. Additionally, the market sentiment is bearish, reflected by a Fear & Greed Index at 37 (Fear). This shows caution among investors, as only 17% of cryptocurrencies have gained value recently.

1. Brickken (BKN)
Brickken has taken the spotlight today with an impressive 19.21% surge, bringing its price to $0.329973. This sharp rise highlights the growing interest in the token, especially as it reaches a crucial milestone in its Total Value Locked (TVL), which now exceeds $12M. With this achievement, Brickken has solidified its position in the RWA category, ranking #28 overall and #2 on the Binance Smart Chain (BSC).

Liquidity isn’t an issue for Brickken, boasting a volume-to-market-cap ratio of 0.0471, indicating ample room for transactions without major price swings. However, the 14-day RSI of 65.72 suggests the token isn’t overbought, hinting at potential sideways movement in the short term. Over the past 30 days, Brickken had 17 green days, marking a positive trend with relatively low volatility at 27%.
#BinanceLaunchpoolHMSTR #SECAppealRipple #SECFilesAppealRipple #EIGENonBinance #Write2Earn! $XRP
$MEME
$PEPE
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Bullish
Top Crypto Gainers Today on DEXScreener – IZZY, LABUBU, GENKI Major cryptocurrency markets remain on tenterhooks as macro traders monitor geopolitical risks, but crypto degenerates continue to flock to the highly volatile and highly risky on-chain shitcoin markets as they hunt top crypto gainers today. Bitcoin (BTC) will likely fall under $60,000 in the very near future, Standard Chartered argued on Thursday, although they recommended investors buy the dip. That means impatient traders hunting quick gains will have to look towards riskier markets. The on-chain DEX markets, though exceedingly risky, are often the first places they go to. Micro-cap coins often post 10, 20 or even 50x gains within 24 hours in the micro-cap markets. That’s because liquidity levels are so low that a relatively small influx of buy pressure can trigger aggressive moves higher. By the same token, a small amount of sell pressure can trigger major price crashes. And traders must remember, nearly all newly launched tokens on DEXs are either scams or pump-and-dump liquidity exit schemes of some sort. That said, here are some of the top crypto gainers today on DEXScreener that traders will be watching. Top Crypto Gainers Today on DEXScreener – Which Are They? Izzy (IZZY) A new Ethereum meme coin called Izzy (IZZY), based on the golden retriever of Matt Furie, is pumping hard on Thursday. IZZY was last up just under 55,000% since launching, making it one of the top crypto gainers today. #SUI🔥 #mememcoinseason2024 #bittesensor #BecomeCreator #Write2Earn! $SUI {spot}(SUIUSDT) $DEXE {spot}(DEXEUSDT) $PEPE {spot}(PEPEUSDT)
Top Crypto Gainers Today on DEXScreener – IZZY, LABUBU, GENKI

Major cryptocurrency markets remain on tenterhooks as macro traders monitor geopolitical risks, but crypto degenerates continue to flock to the highly volatile and highly risky on-chain shitcoin markets as they hunt top crypto gainers today.

Bitcoin (BTC) will likely fall under $60,000 in the very near future, Standard Chartered argued on Thursday, although they recommended investors buy the dip.

That means impatient traders hunting quick gains will have to look towards riskier markets.

The on-chain DEX markets, though exceedingly risky, are often the first places they go to.

Micro-cap coins often post 10, 20 or even 50x gains within 24 hours in the micro-cap markets.

That’s because liquidity levels are so low that a relatively small influx of buy pressure can trigger aggressive moves higher.

By the same token, a small amount of sell pressure can trigger major price crashes.

And traders must remember, nearly all newly launched tokens on DEXs are either scams or pump-and-dump liquidity exit schemes of some sort.

That said, here are some of the top crypto gainers today on DEXScreener that traders will be watching.

Top Crypto Gainers Today on DEXScreener – Which Are They?
Izzy (IZZY)
A new Ethereum meme coin called Izzy (IZZY), based on the golden retriever of Matt Furie, is pumping hard on Thursday.

IZZY was last up just under 55,000% since launching, making it one of the top crypto gainers today.

#SUI🔥 #mememcoinseason2024 #bittesensor #BecomeCreator #Write2Earn! $SUI
$DEXE
$PEPE
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Bearish
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Bearish
Crypto Whale Loses $32 Million in Phishing Attack Using Inferno Drainer Software A crypto whale has reportedly fallen victim to a phishing attack, losing over $32 million in tokens due to a malicious transaction. The incident was initially flagged by blockchain security firm ScamSniffer on the social media platform X. The stolen assets, amounting to 12,083 wrapped ether tokens (spWETH), were linked to the decentralized finance (DeFi) protocol Spark and are valued at approximately $32.4 million. According to blockchain intelligence company Arkham, the attack was orchestrated using the Inferno Drainer, a notorious scam-as-a-service tool. Software Creates Fake Versions of Popular DeFi Apps The software targets users by creating fake versions of popular DeFi applications, deceiving them into signing transactions that hand over control of their wallets. Inferno Drainer has reportedly been responsible for stealing over $215 million from more than 200,000 victims throughout its existence, as highlighted by a Dune Analytics dashboard created by ScamSniffer. The service’s operators allegedly take a 20% commission on stolen tokens. Although Inferno Drainer was shut down by its developers in November 2023, it resurfaced in May 2024 with claims of improved features, new staff, and support for 28 different blockchains and hundreds of DeFi apps. The identity of the victim remains unconfirmed, but blockchain investigator ZachXBT noted significant transactions linking the compromised wallet to a whale known as CZSamSun, not to be confused with the Paradigm researcher known as @samczsun on X. In a message sent from the victim’s wallet, a 20% reward was offered for the return of the stolen funds, though no response has been received from the alleged scammer. Blockchain analytics firm LookOnChain advised users to exercise caution by avoiding unfamiliar links and verifying all transactions before signing, to prevent falling prey to similar attacks. #DIA. #MINARise #SEİ #BecomeCreator #Write2Earn $DIA {spot}(DIAUSDT) $MINA {spot}(MINAUSDT) $SEI {spot}(SEIUSDT)
Crypto Whale Loses $32 Million in Phishing Attack Using Inferno Drainer Software

A crypto whale has reportedly fallen victim to a phishing attack, losing over $32 million in tokens due to a malicious transaction.

The incident was initially flagged by blockchain security firm ScamSniffer on the social media platform X.

The stolen assets, amounting to 12,083 wrapped ether tokens (spWETH), were linked to the decentralized finance (DeFi) protocol Spark and are valued at approximately $32.4 million.

According to blockchain intelligence company Arkham, the attack was orchestrated using the Inferno Drainer, a notorious scam-as-a-service tool.

Software Creates Fake Versions of Popular DeFi Apps
The software targets users by creating fake versions of popular DeFi applications, deceiving them into signing transactions that hand over control of their wallets.

Inferno Drainer has reportedly been responsible for stealing over $215 million from more than 200,000 victims throughout its existence, as highlighted by a Dune Analytics dashboard created by ScamSniffer.

The service’s operators allegedly take a 20% commission on stolen tokens.

Although Inferno Drainer was shut down by its developers in November 2023, it resurfaced in May 2024 with claims of improved features, new staff, and support for 28 different blockchains and hundreds of DeFi apps.

The identity of the victim remains unconfirmed, but blockchain investigator ZachXBT noted significant transactions linking the compromised wallet to a whale known as CZSamSun, not to be confused with the Paradigm researcher known as @samczsun on X.

In a message sent from the victim’s wallet, a 20% reward was offered for the return of the stolen funds, though no response has been received from the alleged scammer.

Blockchain analytics firm LookOnChain advised users to exercise caution by avoiding unfamiliar links and verifying all transactions before signing, to prevent falling prey to similar attacks.

#DIA. #MINARise #SEİ #BecomeCreator #Write2Earn $DIA
$MINA
$SEI
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