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⚠️ No Floki Token on Solana, Shiba Inu Rival Issues Key Alert Shiba Inu rival Floki has issued an important scam warning to the cryptocurrency community. In a recent tweet, Floki raised an alarm regarding fraudulent claims that suggest the existence of a Floki token on the Base or Solana blockchains. Floki has clarified that its token, FLOKI, is only tradeable on the Binance Smart Chain (BNB) and Ethereum (ETH) blockchains. To prevent any confusion and ensure the safety of crypto participants, Floki has provided the correct contract addresses for trading on these two chains. The team has emphasized that any other claims of FLOKI tokens existing on different blockchains are entirely false and attempts to deceive the community. Floki's proactive approach aims to safeguard investors from falling prey to such scams. 🚨 Scam Warning 🚨 It has come to our attention that there are scams claiming #Floki has a token on #Base or #Solana. Please note: FLOKI is ONLY tradeable on the BNB and ETH chains with the following correct contract addresses: — FLOKI Floki's message to crypto participants is clear: Stay safe and always verify information from official sources. The team urges the community to exercise due diligence and cross-check any information with official Floki channels before making any transactions. This alert serves as a reminder of the importance of vigilance in the cryptocurrency space, where scams can often appear legitimate. The crypto community is urged to heed Floki's warning and only engage with verified contract addresses when trading FLOKI tokens. 🔸 Floki dips 9% amid market sell-off The cryptocurrency market has recently experienced a significant sell-off, leading to a downturn in the prices of many digital assets. Floki has not been immune to this trend, recording declines amid the market turbulence. The current market sell-off has been attributed to various factors such as macroeconomic uncertainty, including profit-taking by retail investors and a lack of positive catalysts. $FLOKI #FLOKI

👀 #BTC stagnation. James Seyffarth, an analyst at Bloomberg, notes that financial flows into Bitcoin ETFs are stagnating. Net inflows since launch are an impressive $14.7 billion, but trading volume is definitely trending downward 📉 This may become an additional factor in the development of a local downward trend. $BTC

👀 Polkadot’s $37M Outreach Reveals Crypto Spending Secrets! ● Polkadot spent nearly $37 million on outreach in the first half of 2024, a 300% increase from late 2023. The company focused on sports sponsorships, influencer marketing, and events. ● Despite hefty spending, Polkadot’s weekly active users dropped to 23,300 from a peak of 94,400 at the start of the year, raising questions about the effectiveness of its marketing strategy. Polkadot’s recent financial disclosures represent an extremely uncommon and fascinating glimpse into the reaches that blockchain projects go in spending their funds—a window into the priorities of crypto elites. In a report published by anonymous contributor alice_und_bob, it was revealed that Polkadot spent almost $37 million on “outreach” in the first half of 2024, up an eye-popping 300% from the $7.7 million the blockchain used in the second half of 2023. According to the report, outreach pertains to several activities to grow DOT’s ecosystem through new users, developers, and businesses. This hefty investment included a highly visible sports sponsorship deal with a prestigious soccer club, which took $6.8 million, and $4.9 million was pumped into influencer marketing via several agencies. Polkadot also reported roughly $7.9 million on events, including conferences and side events, notably the Decoded Conference in China, which cost $560,000 alone. 🔸 Polkadot’s Aggressive Outreach Spending Raises Eyebrows Despite the aggressive spending on these strategies, the results appear lacklustre. According to data from Token Terminal, Polkadot’s weekly active users plunged to around 23,300 from its peak of 94,400 at the start of the year, which very steeply signals something about the efficiency of Polkadot’s costly outreach strategies. Many in the crypto community have also raised controversy over DOT’s spending. While critics have argued that the lavish expenses do not yield expected growth in users, others believe this is simply what needs to be done for long-term success. #DOT

🔥 TON blockchain integration enhances digital asset security Cobo, a digital asset custody and wallet provider, has announced that it will support The Open Network (TON). This integration brings Cobo’s comprehensive custody solutions to the TON blockchain, including custodial wallets and multiparty computation wallet tech. Through the collaboration, Cobo will integrate TON's native Toncoin (TON) token, Notcoin (NOT) and stablecoins such as Tether USDT$1.00. 🔸 TON integration The integration between Cobo and TON follows a large influx of Web3 support for the blockchain, which powers Telegram’s new advertising platform. The integration aims to improve the security and flexibility of digital asset management for institutional clients and increase Cobo’s service offerings. Although adding the TON blockchain to Cobo’s services can expand token support for the wallet provider, TON's multichain architecture and sharding tech can present multiple technical hurdles. 🔸 Regulatory compliance Cobo’s platform has a regulatory compliance history as a provider of institutional client services. With Toncoin recently being approved by the Kazakhstan Financial Services and Regulatory Committee (AFSA), the partnership is a strategic move for Cobo. Following the AFSA approval, Toncoin joined a list of 107 cryptocurrencies approved by the government of Kazakhstan. 🔸 Like shooting ‘phish’ in a barrel Despite the success of the TON ecosystem, there has been a rise in phishing attacks on the blockchain, as described by SlowMist founder Yu Xian. On June 24, Xian argued that the Telegram ecosystem was “too free,” with phishing links spread through the platform’s message groups, airdrops and other “deceptive methods.” Although the Telegram messenger typically requires phone numbers to be tied to an account, Xian explained that phishing risks were higher for users with anonymous numbers. #TON #Toncoin

📣 Analyst Who Predicted Current Shiba Inu Drop Now Projects Upcoming Rally to $0.000059 The market watcher first presented his analysis on May 31, when the downtrend was still in its infancy. At the time, Shiba Inu traded between a low of $0.00002487 and a peak of $0.00002635. During this period, SHIB held strong above the $0.00002 territory, still making attempts at retesting $0.00003. While most commentaries then predicted a surge toward $0.00003, Alikze warned that SHIB would record steeper drops. He presented an ultimate target above $0.00005 but noted that the meme coin could take one of three paths to this level. 🔸 Shiba Inu Records Steep Declines The first path could see Shiba Inu follow the path predicted by most analysts, laughing straight to $0.00005. In the second path, SHIB would retest a region between $0.00002084 and $0.00001786 and then skyrocket to $0.00005. He calls this region the liquidity area, marking a robust support level. However, for the third path, Alikze predicted that Shiba Inu would reach the liquidity area and then breach below it. He predicted that if the support at the liquidity area breaks, SHIB could drop to $0.00001707. Notably, this scenario eventually played out. Having ended June with a 32.13% collapse, Shiba Inu has broken below the liquidity area and now trades at $0.00001716. While Alikze expects an imminent recovery, he predicts steeper drops to the Fibonacci 100 area, aligning with $0.00004. He predicts this region to serve as the launchpad for greater heights. 🔸 A Potential Rally to $0.00005 When this rally eventually materializes, Alikze maintains his initial target of the $0.00005 territory. Specifically, he projects Shiba Inu to reach a price range of $0.00005387 to $0.00005937. The market commentator calls this area the resistance area. Notably, the last time SHIB saw this price was in November 2021, during its drop from the $0.00008845 all-time high. Market analyst Davie Satoshi also projects an imminent SHIB return to the $0.00005 price territory. $SHIB #SHIB

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