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Less than a month after the story of Peanut($PNUT ) the squirrel and Fred the raccoon broke headlines, Mark Longo, the owner of the two pets whose tragic deaths caused a public outcry and spurred a movement, has launched his own token. Longo spoke in a Twitter video about how he came to process the story of Peanut and Fred and has decided to launch a new token on Solana called Justice for Pnut and Fred (JUSTICE) to honor the memory of his pets. He's also accused the crypto community of profiting from his personal trauma. $PNUT community members have pushed back, pointing to approximately $50,000 in donations made to Longo, which they claim he immediately sold. At the time of writing, JUSTICE has over $53.8 million in market cap with over 14,000 holders, according to data from Solscan, which was minted using the DeFi meme coin platform, Pump.fun. Source: Decrypt
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Justin Sun, the founder of TRON($TRX )has made waves by investing $30 million in World Liberty Financial (WLFI), a decentralized finance project tied to Donald Trump. This purchase, made at $0.015 per token, positions Sun as the largest investor in WLFI, which has so far raised $52 million—just 17% of its $300 million goal. The Trump family stands to benefit significantly from WLFI. Through their entity DT Marks DEFI LLC, they are set to receive 75% of the platform's net revenues once sales cross $30 million. However, the project has faced criticism for limiting sales to U.S. investors and for WLFI tokens being non-transferable, making them less attractive to the broader crypto community
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Onchain data reveals that ETF flows haven’t been the primary causes of sell pressure for Bitcoin Bitcoin’s recent price drop is being attributed to long-term holders rather than institutional investors, despite initial speculation to the contrary. Bitcoin price fell over 5.6% in the past 24 hours to trade at $92,774 as of 8:52 am UTC on Nov. 26, Cointelegraph data shows. However, it wasn’t the institutions or exchange-traded funds (ETFs) that caused Bitcoin’s price decline, as the data points to long-term holders, also known as hodlers, according to Eric Balchunas, a senior ETF analyst at Bloomberg Onchain data reveals that ETF flows haven’t been the primary causes of sell pressure for $BTC . Moreover, the ETFs have absorbed a significant amount of selling pressure, which came from long-term holders, crypto trader and technical analyst Kyle du Plessis wrote in a Nov. 24 X post: Source: CoinTelegraph
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What’s all the hype around memes? A lot of people are losing money trading meme coins. Recently, someone lost over $100,000 on a meme coin. Many scammers are now using Pump.fun to create meme coins and scam innocent people. Binance’s @CZ had this to say: “I am not against memes, but meme coins are getting a little weird now. Let’s build real applications using blockchain.” Memes are fun, but why is everyone’s attention so focused on them now? Every young trader is chasing the next meme coin, hoping for a 10,000x return. People no longer want to buy and hold coins; they’re desperate for quick gains. Please, be cautious. Don’t be fooled by screenshots circulating on Twitter—many of them are edited. Let’s focus on building real, problem-solving applications with blockchain technology instead of chasing fleeting trends. Very soon, we will start building a real life application that will solve a problem in the crypto space, we ( #xmucan ) will make you ( Our Frens ) proud 🌸🩵
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James Howells’ $716 million Bitcoin fortune in a landfill has sparked legal battles, and his ex-partner now claims she followed his instructions to discard the hard drive. The saga of James Howells and his $716 million (569 million British pounds) Bitcoin fortune, lost in a Welsh landfill nearly a decade ago, has taken a new turn. Halfina Eddy-Evans, Howells’ former partner, has revealed that she threw away the hard drive containing 8,000 Bitcoin at Howells’ request. In an interview with the Daily Mail, Eddy-Evans said she threw away the hard drive because Howells asked her to and that “losing it was not [her] fault.” Howells’ story highlights the risks involved in custodying digital assets like cryptocurrencies and why proper management is key to mitigating financial losses.
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