sounds like bankrupcy hahahi wont keep1 usd in revolut
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Revolut Employees and Early Investors Cash Out Nearly $1 Billion in Stock
According to Odaily, since August, employees and early investors of fintech company Revolut have sold nearly $1 billion in stock following the company's acquisition of a UK banking license, which has raised its valuation to $45 billion. Revolut has extended the deadline for its secondary stock sale twice, initially allowing only current employees to sell shares. This move was intended to enable some early supporters and former employees to liquidate part of their holdings.
The stock sale commenced a month after Revolut secured the UK banking license, a development that attracted a range of institutional investors, including Abu Dhabi's sovereign investor Mubadala, marking their first investment in the company. Revolut's founder and CEO, Nik Storonsky, reportedly earned between $200 million and $300 million in the first round of financing. Sources indicate that early venture capital investors cashed out approximately $500 million in the second round of sales. It is noted that the total stock sales are expected to exceed $1 billion. Revolut has declined to comment on these developments.
Magic Eden airdrop fails and users lose capitalization
The long-awaited airdrop of the ME token from the Magic Eden NFT marketplace made waves in the cryptocurrency community on December 10, 2024. But it was not positive.
Valued at over $700 million, the event attracted a significant number of participants eager to claim a share of the ME tokens. However, the complicated claiming process and technical glitches left many users frustrated. Worse still, they missed out on the chance to capitalize on the tokens’ peak prices. Complaints were widespread across the market.
Gala Games and Axie Infinity Crash As Experts Take a Bet on More Innovative Projects
Gala (GALA) and Axie Infinity (AXS) are two projects focused on fun, gaming, and broader entertainment for users. Despite the expansion of this niche in 2024, both projects are currently seeing declines, leaving holders concerned about their longevity. While these projects dwindle, Lunex Network ($LNEX) has been moving up the ranks in the crypto space with its unique value proposition, offering low fees, seamless interoperability, and a staunch focus on privacy. Currently seeing major attention from investors, developers, and businesses alike, this project looks to be an exciting one to watch. So how will Gala, Axie Infinity, and Lunex Network perform in the coming quarter?
Axie Infinity (AXS) Releases New Season of Origins
Axie Infinity (AXS) has pioneered the play-to-earn blockchain market, trying to capitalize on this expanding niche. December marked the launch of another season of Origins (Season 11) by Axie Infinity (AXS). Individuals can compete to win prizes from a pool of 24,000 Axie Infinity (AXS). Despite this exciting event and the community hype it has caused, Axie Infinity has seen significant dips, dropping by 15% in the past twenty four hours.
Gala (GALA) Dips Despite Community Events
Gala (GALA) initially rallied earlier in the month but dipped significantly overnight. Gala (GALA) lost 19% of its value over the last 24 hours, now trading at $0.04497. This dip doesn’t really come as a surprise for Gala (GALA); the asset has had a poor year in general, seeing just a 38% gain. This small increase in Gala’s (GALA) has not kept up with the broader increase in the crypto market’s value, putting Gala on a weak price trajectory going into 2025. Despite its underwhelming performance, Gala’s developers have been focused on generating community interest, recently putting on a token generation event to create some hype around the asset.
Lunex Network Provides Advanced Tools for Traders
Lunex Network ($LNEX) is a lot more than just a standard DeFi exchange. It is a platform for traders, developers and businesses looking to thrive in the modern world. The native merchant payment gateway appeals to businesses, enabling them to accept cryptocurrency with no technical knowledge needed. This simplifies the transition to digital payments and the crypto economy.
The platform also excels in interoperability. With advanced smart contract technology, Lunex Network facilitates seamless swaps for over 50,000 assets while maintaining exceptionally low gas fees. These fast and cost-effective transactions make Lunex Network ($LNEX) a top choice for those who value reliability, speed, and efficiency in their trades.
Developers are drawn to Lunex Network’s infrastructure, which includes 65 RPC nodes for building decentralized applications. These nodes ensure rapid communication between dApps and the blockchain, making development smooth and efficient.
Lunex Network Turns Heads In DeFi
$LNEX tokens are currently available to the protocol’s early adopters for an enticing price of $0.0044. Featuring strong benefits for traders, user-friendly tools, and cutting-edge technology, analysts predicted a 1,800% jump in $LNEX’s value before the network launches.
For those seeking long-term growth in DeFi, Lunex Network ($LNEX) represents a compelling opportunity.
You can find more information about Lunex Network (LNEX) here:
Nr. 1 bs afte TGE is giving a short time period to claim the tokens. there should not be an expiry date plus contracts should not allow taking ownership of unclaimed funds -not for burning and not for team allowance, nor redistribution! Claims for tokens should not be time-limited. #AirDropSeries #tge #claim #bs #skem