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#bitcoinhalving A user turned $9,000 into $6.27 million with APU meme tokens! A user multiplied his investment by 750 times on the meme coin 🐵 Apu Apustaja (APU), as reported by analysts at #Lookonchain . From March 11 to March 24, the user purchased 💰 8.36 billion #APU for 2.385 $ETH (approximately $9,000 at the time). On April 11, the price of the #Memecoins reached 🚀a peak above $0.00076, with a market capitalization of nearly $200 million. The value of the coins at the trader's address reached approximately $6.5 million.#BinanceLaunchpool

#bitcoinhalving

A user turned $9,000 into $6.27 million with APU meme tokens!

A user multiplied his investment by 750 times on the meme coin 🐵 Apu Apustaja (APU), as reported by analysts at #Lookonchain .

From March 11 to March 24, the user purchased 💰 8.36 billion #APU for 2.385 $ETH (approximately $9,000 at the time).

On April 11, the price of the #Memecoins reached 🚀a peak above $0.00076, with a market capitalization of nearly $200 million. The value of the coins at the trader's address reached approximately $6.5 million.#BinanceLaunchpool

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#bitcoinhalving 🌖 Ethena Labs Creates Controversy with High Return Strategy and Compared to Terra Ethena’s token has sparked mixed reactions within the crypto community since its public launch in February. Stakeholders who stake USD for at least seven days are currently enjoying an annual return of approximately 37%. This high return enabled the total value locked (TVL) on the protocol to rise from $178 million to $2.3 billion in just 60 days. However, such high returns often come with inherent risks, reminiscent of Terra’s UST, which paid out around 20% to stakers before its collapse. Unlike asset-backed stablecoins such as Tether (USDT) and #USDC , which derive their value from reserves such as the dollar or US government debt, USDe operates as a synthetic stablecoin. The USDe’s $1 value is maintained through a financial strategy known as cash and carry trading, which involves simultaneously purchasing an asset and shorting its derivative to capture the funding rate. Although this trade is considered relatively safe in traditional finance, it is not without risks, especially regarding market volatility and currency issues. Folkvang CEO Mike van Rossum expressed cautious optimism about the strategy, while highlighting potential pitfalls including issues with currency management and trading in volatile markets. Ethena users mint USDe tokens by depositing stablecoins such as USDT, dai (DAI) and $USDC , and can then stake them to earn returns. To achieve these returns, the protocol uses various strategies revolving around cash and carry trading and takes advantage of positive funding rates on perpetual coins such as #Bitcoin❗️ ($BTC ) and #Ethereum✅ ($ETH ). Despite concerns, crypto whales have shown their confidence, with recent data showing a significant amount of money being deposited into Ethena’s governance token (ENA), which remains locked for seven days or more. But analysts like Arca’s Jeff Dorman warn about the risks of relying on market forces to generate returns. #BinanceLaunchpool
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