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Hedge funds currently hold record net short positions in BTC futures. This doesn't necessarily mean funds are shorting the market, most of this short exposure is likely a part of a delta-neutral position with spot BTC bags 🛒
Crypto market maker GSR has obtained the major payment institution license from the Monetary Authority of Singapore 📄
The creators of the Solana meme coin with a very fitting name "CONDO∆∆" have rugged their holders for $906k 🤦♀️
Fed Chair Powell emphasizes that more evidence of weakening inflation is needed before cutting rates. It looks like the next session will be the same as the last one 🧐
🔹 Last 24 hours top 3 gainers:
Bitcoin Cash - $677.71 (↑11.28%)
Bitcoin SV - $98.17 (↑11.46%)
Chiliz - $0.143 (↑5.87%)
#TrenddingTopic
Crypto market maker GSR has obtained the major payment institution license from the Monetary Authority of Singapore 📄
The creators of the Solana meme coin with a very fitting name "CONDO∆∆" have rugged their holders for $906k 🤦♀️
Fed Chair Powell emphasizes that more evidence of weakening inflation is needed before cutting rates. It looks like the next session will be the same as the last one 🧐
🔹 Last 24 hours top 3 gainers:
Bitcoin Cash - $677.71 (↑11.28%)
Bitcoin SV - $98.17 (↑11.46%)
Chiliz - $0.143 (↑5.87%)
#TrenddingTopic
LIVE
Binance News
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YouTuber KSI Accused of Pump-and-Dump Crypto Scheme by Crypto Investigators ZachXBT and Coffeezilla
According to Cointelegraph: Popular YouTuber, Olajide Olayinka Williams Olatunji, better known as “KSI,” faces allegations of a pump-and-dump scheme from cryptocurrency investigators ZachXBT and Coffeezilla. This follows the revival by KSI of his old crypto-focused social media account.
Screenshot of KSI’s crypto wallet selling XCAD tokens. Source: ZachXBT
On February 14, KSI posted on his revived account, which boasted approximately 371,000 followers. His post drew the attention of crypto investigator ZachXBT, who warned that KSI was likely to start "sharing garbage" again.
ZachXBT highlighted a screenshot of KSI discussing his investment in the watch-to-earn project XCAD Network (XCAD), paralleled with another screenshot showing KSI's crypto wallet unloading $850,000 in XCAD tokens. ZachXBT also shared evidence of KSI promoting tokens, and then subsequently selling them.
For instance, in 2021, KSI claimed to be “bullish” on the NFT-focused project Ethernity Chain (ERN). However, blockchain data later revealed that KSI offloaded approximately $350,000 in ERN tokens only hours later.
In a subsequent video by Stephen “Coffeezilla” Findeisen, KSI addressed these allegations. He admitted to having sold XCAD to invest in the now-collapsed Terra Luna Classic (LUNC), but he maintained he still held some XCAD tokens and had faith in the project.
While KSI asserted there was no malicious intent in his actions, he acknowledged that his posts often had the opposite effect on the market, leading him to "tweet the opposite" of his plans. Coffeezilla, however, countered that KSI's public statements contradicting his private actions were indicative of a pump-and-dump scheme, regardless of whether it was successful or even intentional.
This controversy follows the class-action lawsuit involving KSI's friend and business partner, YouTuber Logan Paul, over sales of an NFT collection called CryptoZoo connected to a failed play-to-earn game.
Screenshot of KSI’s crypto wallet selling XCAD tokens. Source: ZachXBT
On February 14, KSI posted on his revived account, which boasted approximately 371,000 followers. His post drew the attention of crypto investigator ZachXBT, who warned that KSI was likely to start "sharing garbage" again.
ZachXBT highlighted a screenshot of KSI discussing his investment in the watch-to-earn project XCAD Network (XCAD), paralleled with another screenshot showing KSI's crypto wallet unloading $850,000 in XCAD tokens. ZachXBT also shared evidence of KSI promoting tokens, and then subsequently selling them.
For instance, in 2021, KSI claimed to be “bullish” on the NFT-focused project Ethernity Chain (ERN). However, blockchain data later revealed that KSI offloaded approximately $350,000 in ERN tokens only hours later.
In a subsequent video by Stephen “Coffeezilla” Findeisen, KSI addressed these allegations. He admitted to having sold XCAD to invest in the now-collapsed Terra Luna Classic (LUNC), but he maintained he still held some XCAD tokens and had faith in the project.
While KSI asserted there was no malicious intent in his actions, he acknowledged that his posts often had the opposite effect on the market, leading him to "tweet the opposite" of his plans. Coffeezilla, however, countered that KSI's public statements contradicting his private actions were indicative of a pump-and-dump scheme, regardless of whether it was successful or even intentional.
This controversy follows the class-action lawsuit involving KSI's friend and business partner, YouTuber Logan Paul, over sales of an NFT collection called CryptoZoo connected to a failed play-to-earn game.
The funding rate on BTC futures has reached its lowest level in recent weeks, and with the price back above $70,000, this is a bullish signal, because the higher the funding rate goes the less likely it is for a price to go up without a correction 💁♀️
Bitfinex Securities is launching a $6.25 million tokenized debt issue to construct a Hampton by Hilton hotel complex at El Salvador International Airport 🏨
A Montenegrin court once again approved the extradition of Do Kwon, leaving the decision to the Justice Minister, who has repeatedly sought Do Kwon's extradition to the United States ⚖️
Paraguay’s lawmakers have paused progress on a crypto mining ban and now considering the benefits of selling excess energy from its Itaipu hydropower plant to miners instead of exporting it to Brazil and Argentina 🔌
🔹 Last 24 hours top 3 gainers:
Bittensor - $760.38 (↑7.92%)
NEO - $23.1 (↑18.20%)
JasmyCoin - $0.024 (↑18.80%)
#TrenddingTopic
Bitfinex Securities is launching a $6.25 million tokenized debt issue to construct a Hampton by Hilton hotel complex at El Salvador International Airport 🏨
A Montenegrin court once again approved the extradition of Do Kwon, leaving the decision to the Justice Minister, who has repeatedly sought Do Kwon's extradition to the United States ⚖️
Paraguay’s lawmakers have paused progress on a crypto mining ban and now considering the benefits of selling excess energy from its Itaipu hydropower plant to miners instead of exporting it to Brazil and Argentina 🔌
🔹 Last 24 hours top 3 gainers:
Bittensor - $760.38 (↑7.92%)
NEO - $23.1 (↑18.20%)
JasmyCoin - $0.024 (↑18.80%)
#TrenddingTopic
FED Chair Jerome Powell says: "Recent data shows lack of further progress on inflation" 🗣
The market's expectation of the probability of a Fed rate cut decreases with each statement from Fed officials
On April 9, the odds that the feds would lower the rate by 0.25% were estimated at 56.07%, today that number is 15% 📊
#TrenddingTopic
The market's expectation of the probability of a Fed rate cut decreases with each statement from Fed officials
On April 9, the odds that the feds would lower the rate by 0.25% were estimated at 56.07%, today that number is 15% 📊
#TrenddingTopic
🚀SHIB’s Stellar Burn Voyage 🚀
In the cosmic arena of cryptoverse, A fiery phoenix rises from the ashes terse. 798 million SHIB tokens, a stellar blaze, Burned to dust, in a spectacular craze.
🔥 The Burn Rate Meteor Shower 🔥
Through the telescopic lens of market trends, A meteor shower of burns, the community commends. A surge, a roar, 25,000% high, Lighting up the downturn sky.
🌕 BlockDAG’s Lunar Leap 🌕
On the moon’s surface, a keynote awaits, Where BlockDAG’s predictions resonate. SHIB’s bullish outlook, a lunar tune, With Tron’s modest growth, both aiming for the moon.
This poetic journey through the universe of Shiba Inu’s latest developments adds a touch of creativity to the mix. Remember, the world of cryptocurrency is as vast and mysterious as space itself, and SHIB’s voyage is one to watch with keen eyes and an adventurous spirit. 🌟
#SHIB #Memecoins #BullorBear #bitcoinhalving #TrenddingTopic
In the cosmic arena of cryptoverse, A fiery phoenix rises from the ashes terse. 798 million SHIB tokens, a stellar blaze, Burned to dust, in a spectacular craze.
🔥 The Burn Rate Meteor Shower 🔥
Through the telescopic lens of market trends, A meteor shower of burns, the community commends. A surge, a roar, 25,000% high, Lighting up the downturn sky.
🌕 BlockDAG’s Lunar Leap 🌕
On the moon’s surface, a keynote awaits, Where BlockDAG’s predictions resonate. SHIB’s bullish outlook, a lunar tune, With Tron’s modest growth, both aiming for the moon.
This poetic journey through the universe of Shiba Inu’s latest developments adds a touch of creativity to the mix. Remember, the world of cryptocurrency is as vast and mysterious as space itself, and SHIB’s voyage is one to watch with keen eyes and an adventurous spirit. 🌟
#SHIB #Memecoins #BullorBear #bitcoinhalving #TrenddingTopic
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Imagine, in just two days, 2B$ billion USDT dollars were minted by the Tether treasury 🤯
Chart showing every time new USDT coins are minted, the price of Bitcoin increases 🚀
6B$ billion dollars were minted last month + 2B$ billion over the past two days.🤑🤑🤑#Memecoins
Fasten our belts, is there an upcoming rise?
I expect yes 👀🪙🪙🪙#TrenddingTopic
Imagine, in just two days, 2B$ billion USDT dollars were minted by the Tether treasury 🤯
Chart showing every time new USDT coins are minted, the price of Bitcoin increases 🚀
6B$ billion dollars were minted last month + 2B$ billion over the past two days.🤑🤑🤑#Memecoins
Fasten our belts, is there an upcoming rise?
I expect yes 👀🪙🪙🪙#TrenddingTopic
Get Rid of Bear Psychology Now!!
Those who patiently waited for the decline for 2 years, could not be patient during the rise for 2 months and started selling everything. Or he started to open shorts. Friends, this is only #BTC Bull The rally has not started yet for altcoins.
What we need to do is collect goods in hard declines. Taking some profit on coins seeing 20-30x. Be patient until the end of the year. Why sell altcoins when $ETH hasn't rallied yet?
#write2earn…. #Doodles #TrenddingTopic #Memecoins #BinanceLaunchpool $BTC $SOL $USDC
Those who patiently waited for the decline for 2 years, could not be patient during the rise for 2 months and started selling everything. Or he started to open shorts. Friends, this is only #BTC Bull The rally has not started yet for altcoins.
What we need to do is collect goods in hard declines. Taking some profit on coins seeing 20-30x. Be patient until the end of the year. Why sell altcoins when $ETH hasn't rallied yet?
#write2earn…. #Doodles #TrenddingTopic #Memecoins #BinanceLaunchpool $BTC $SOL $USDC
📉🔍 Bitcoin's Recent Decline: Blame it on Historical Open Interest Peaks?$📈💡
Could the surge in Bitcoin Open Interest be the culprit behind the recent downturn? Let's delve into the details:
- Understanding Open Interest: 🔄 Bitcoin Open Interest represents the total number of open futures contracts on derivatives exchanges, encompassing both long and short positions.
- Historical Patterns: 📊 Previous significant corrections occurred when Open Interest surpassed $13 billion. In 2021, Bitcoin's price peaked at $64,000 and $69,000, coinciding with Open Interest exceeding this threshold.
- Déjà Vu?🔄 It seems we're witnessing a potential third instance of this phenomenon.
Conclusion:
- Healthy Corrections: 💧 To sustain a robust uptrend, it's essential to liquidate over-accumulated leveraged positions, both long and short.
- Market Dynamics: 💰 Increasing Open Interest signals heightened liquidity, volatility, and derivatives market attention. While it may bolster the current price trend, excessive accumulation necessitates inevitable liquidations.
Keep an eye on Open Interest trends—it's a pivotal factor in understanding Bitcoin's market dynamics. 📈🔍 #Bitcoin #OpenInterest #MarketAnalysis 📊$BTC #BTCTo1Million #BTC\USD #TrendingPredictions #TrenddingTopic
Could the surge in Bitcoin Open Interest be the culprit behind the recent downturn? Let's delve into the details:
- Understanding Open Interest: 🔄 Bitcoin Open Interest represents the total number of open futures contracts on derivatives exchanges, encompassing both long and short positions.
- Historical Patterns: 📊 Previous significant corrections occurred when Open Interest surpassed $13 billion. In 2021, Bitcoin's price peaked at $64,000 and $69,000, coinciding with Open Interest exceeding this threshold.
- Déjà Vu?🔄 It seems we're witnessing a potential third instance of this phenomenon.
Conclusion:
- Healthy Corrections: 💧 To sustain a robust uptrend, it's essential to liquidate over-accumulated leveraged positions, both long and short.
- Market Dynamics: 💰 Increasing Open Interest signals heightened liquidity, volatility, and derivatives market attention. While it may bolster the current price trend, excessive accumulation necessitates inevitable liquidations.
Keep an eye on Open Interest trends—it's a pivotal factor in understanding Bitcoin's market dynamics. 📈🔍 #Bitcoin #OpenInterest #MarketAnalysis 📊$BTC #BTCTo1Million #BTC\USD #TrendingPredictions #TrenddingTopic
What is happening to BTC?🙊#Writing2Earn
💥💥💥
Bitcoin (BTC), the pioneer of cryptocurrencies, has witnessed significant fluctuations over time. Here are some key insights:
Price Movement:
1 day: Bitcoin experienced a -4.93% decline.1 week: The price dropped by -5.20%.1 month: A positive trend of 6.81% was observed.6 months: Remarkably, the value surged by 138.45%.Year to date: A substantial growth of 56.79% occurred.1 year: The price soared by 135.13%.5 years: Over this period, Bitcoin skyrocketed by an astonishing 1232.40%.All time: The cumulative growth stands at an astounding 607771.56%1.
Market Capitalization:
Current market cap: $1.30 trillion (fully diluted market cap: $1.39 trillion).24-hour trading volume: $43.22 billion.
Volume-to-market cap ratio: 0.0308.All-time high: $73,794.Circulating supply: 19.67 million BTC.
Max supply: 21.00 million BTC1.
Bitcoin’s Significance:
Bitcoin remains the most traded cryptocurrency globally.
It was the first digital coin, paving the way for an entirely new asset class.
Advocates believe it could revolutionize the global financial system, although this remains speculative1.
Bitcoin’s journey from its inception to its current status as a financial disruptor has been nothing short of remarkable. Whether it will fulfill its potential as a transformative force remains to be seen, but its impact on the world of finance is undeniable.
#write2toearn #TrenddingTopic #BTC 💥💥💥
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Bitcoin (BTC), the pioneer of cryptocurrencies, has witnessed significant fluctuations over time. Here are some key insights:
Price Movement:
1 day: Bitcoin experienced a -4.93% decline.1 week: The price dropped by -5.20%.1 month: A positive trend of 6.81% was observed.6 months: Remarkably, the value surged by 138.45%.Year to date: A substantial growth of 56.79% occurred.1 year: The price soared by 135.13%.5 years: Over this period, Bitcoin skyrocketed by an astonishing 1232.40%.All time: The cumulative growth stands at an astounding 607771.56%1.
Market Capitalization:
Current market cap: $1.30 trillion (fully diluted market cap: $1.39 trillion).24-hour trading volume: $43.22 billion.
Volume-to-market cap ratio: 0.0308.All-time high: $73,794.Circulating supply: 19.67 million BTC.
Max supply: 21.00 million BTC1.
Bitcoin’s Significance:
Bitcoin remains the most traded cryptocurrency globally.
It was the first digital coin, paving the way for an entirely new asset class.
Advocates believe it could revolutionize the global financial system, although this remains speculative1.
Bitcoin’s journey from its inception to its current status as a financial disruptor has been nothing short of remarkable. Whether it will fulfill its potential as a transformative force remains to be seen, but its impact on the world of finance is undeniable.
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Crypto Market on Edge as March CPI Data Shows Inflationary Rebound
The cryptocurrency market is facing potential headwinds today after the Bureau of Labor Statistics released the March Consumer Price Index (CPI) data. The report revealed a higher-than-expected inflation rate, raising concerns about the Federal Reserve's monetary policy and potentially impacting crypto prices.
Headline CPI Exceeds Forecasts: The headline CPI for March came in at 3.5%, exceeding analyst expectations of 3.2%. This marks an increase from the 3.1% reported in February, suggesting a slight acceleration in inflation. The core CPI, which excludes volatile food and energy prices, also rose to 3.3% from 3.1% in the previous month.
Market Volatility Anticipated: This inflationary trend could trigger volatility in the crypto market. Historically, rising inflation has led investors to seek safe-haven assets like gold, putting downward pressure on riskier assets like cryptocurrencies.
Focus on the Fed's Response: The Federal Reserve closely monitors inflation data and uses it to guide its monetary policy decisions. A sustained rise in inflation might prompt the Fed to adopt a more hawkish stance, potentially leading to interest rate hikes. Higher interest rates generally strengthen the US dollar, which can weaken riskier assets like crypto.
Bitcoin Price at Risk and the Halving Bull Cycle: Today's CPI data could lead to a decline in Bitcoin's price, which is currently hovering around $70,000. If inflation fears escalate, Bitcoin could potentially drop below the psychologically important $60,000 barrier in the short term. However, some analysts point to the upcoming Bitcoin halving, scheduled for roughly May 2024, as a potential countervailing force. Historically, these halving events, which cut the amount of new Bitcoin entering circulation in half, have been followed by bull runs in the crypto market. It remains to be seen whether this pattern will hold true in the current economic climate.
Long-Term Impact Uncertain: While the near-term outlook for crypto appears volatile, the long-term relationship between CPI and crypto remains a topic of debate. Some experts believe that cryptocurrencies can act as a hedge against inflation, similar to gold. However, the long-term success of this theory depends on the continued adoption and development of the crypto market.
Looking Beyond the Headline Numbers: Investors should delve deeper than the headline CPI figure. The core CPI, which excludes food and energy prices, can offer a clearer picture of underlying inflationary trends. Additionally, it's crucial to monitor the Federal Reserve's response and its potential impact on the US dollar's value. By comprehensively analyzing the economic data and policy decisions, investors can make informed choices regarding their crypto holdings.#cpi #TrenddingTopic $BTC #TrendingTopic
Headline CPI Exceeds Forecasts: The headline CPI for March came in at 3.5%, exceeding analyst expectations of 3.2%. This marks an increase from the 3.1% reported in February, suggesting a slight acceleration in inflation. The core CPI, which excludes volatile food and energy prices, also rose to 3.3% from 3.1% in the previous month.
Market Volatility Anticipated: This inflationary trend could trigger volatility in the crypto market. Historically, rising inflation has led investors to seek safe-haven assets like gold, putting downward pressure on riskier assets like cryptocurrencies.
Focus on the Fed's Response: The Federal Reserve closely monitors inflation data and uses it to guide its monetary policy decisions. A sustained rise in inflation might prompt the Fed to adopt a more hawkish stance, potentially leading to interest rate hikes. Higher interest rates generally strengthen the US dollar, which can weaken riskier assets like crypto.
Bitcoin Price at Risk and the Halving Bull Cycle: Today's CPI data could lead to a decline in Bitcoin's price, which is currently hovering around $70,000. If inflation fears escalate, Bitcoin could potentially drop below the psychologically important $60,000 barrier in the short term. However, some analysts point to the upcoming Bitcoin halving, scheduled for roughly May 2024, as a potential countervailing force. Historically, these halving events, which cut the amount of new Bitcoin entering circulation in half, have been followed by bull runs in the crypto market. It remains to be seen whether this pattern will hold true in the current economic climate.
Long-Term Impact Uncertain: While the near-term outlook for crypto appears volatile, the long-term relationship between CPI and crypto remains a topic of debate. Some experts believe that cryptocurrencies can act as a hedge against inflation, similar to gold. However, the long-term success of this theory depends on the continued adoption and development of the crypto market.
Looking Beyond the Headline Numbers: Investors should delve deeper than the headline CPI figure. The core CPI, which excludes food and energy prices, can offer a clearer picture of underlying inflationary trends. Additionally, it's crucial to monitor the Federal Reserve's response and its potential impact on the US dollar's value. By comprehensively analyzing the economic data and policy decisions, investors can make informed choices regarding their crypto holdings.#cpi #TrenddingTopic $BTC #TrendingTopic
#TrenddingTopic #EarnWithWriting The Bitcoin halving is a significant event in the cryptocurrency world that occurs approximately every four years. During a halving, the reward that miners receive for verifying transactions on the Bitcoin network is cut in half. This event is programmed into the Bitcoin protocol to control the supply of Bitcoin and ensure that new coins are issued at a decreasing rate.
The most recent Bitcoin halving took place in May 2020, where the block reward was reduced from 12.5 BTC to 6.25 BTC. Historically, Bitcoin halvings have been associated with increased interest in the cryptocurrency and have sometimes led to price surges due to the decrease in the rate of new supply entering the market.
Following the 2020 halving, Bitcoin's price experienced some volatility but has since continued to trend upwards, reaching new all-time highs in 2021. Many analysts and traders closely monitor the halving events and their potential impact on the market as they can have both short-term and long-term effects on Bitcoin's price and overall market sentiment.
The most recent Bitcoin halving took place in May 2020, where the block reward was reduced from 12.5 BTC to 6.25 BTC. Historically, Bitcoin halvings have been associated with increased interest in the cryptocurrency and have sometimes led to price surges due to the decrease in the rate of new supply entering the market.
Following the 2020 halving, Bitcoin's price experienced some volatility but has since continued to trend upwards, reaching new all-time highs in 2021. Many analysts and traders closely monitor the halving events and their potential impact on the market as they can have both short-term and long-term effects on Bitcoin's price and overall market sentiment.
LIVECryptoNews
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Sei Foundation Woo NFT Creators With $10m Fund
The Sei Foundation has announced the launch of a new $10 million grant fund to fuel growth in NFT and Social projects.
In a joint collaboration with Gitcoin, the Sei Foundation has unveiled a new $10 million fund dubbed the Sei Creator Fund today for both the creation of new projects and growth of existing non-fungible token (NFT) and Social projects in the Sei ecosystem.
In a blog post on Apr. 4, the foundation said the fund is designed to empower creators and builders across the spectrum of collections, applications, infrastructure, content creation, and in-real-life (IRL) events.
“The Sei Creator Fund is designed to support hundreds of projects and creators at varying stages of their development journey.” Sei Foundation
Those interested in the funding would have to be approved by the Sei community’s votes. The voting will reportedly be facilitated through a collaboration with Gitcoin, an open-source bounties platform on the Ethereum blockchain.
Sei Foundation’s latest move underscores a strategic push to bolster its ecosystem by fostering a global network of creators. However, the success of this endeavor remains uncertain, as other blockchain ecosystems have also pursued similar strategies to stimulate users’ activity.
You might also like: NFT creators in Ethereum earned over $1.8B in royalties
In late 2021, Ripple unveiled its own NFT creators fund, allocating a substantial $250 million to cultivate NFT and token projects on the XRP Ledger. At the time, Ripple was trying to bite creators, saying blockchain developers could use the XRP Ledger’s performance advantages “without the need for layer-2 protocols.”
However, the results were underwhelming, with few digital collectibles garnering significant attention in the broader crypto market, none of which managed to secure a prominent position on major NFT marketplaces.
Similarly, the Avalanche blockchain pursued a similar course, unveiling a $1 million fund exclusively dedicated to supporting meme coins minted on its platform. Nevertheless, the outcome of this initiative is yet to be seen, as meme coins typically mirror the prevailing sentiment within the market.
Read more: Sei v2 to include EVM compatibility
In a joint collaboration with Gitcoin, the Sei Foundation has unveiled a new $10 million fund dubbed the Sei Creator Fund today for both the creation of new projects and growth of existing non-fungible token (NFT) and Social projects in the Sei ecosystem.
In a blog post on Apr. 4, the foundation said the fund is designed to empower creators and builders across the spectrum of collections, applications, infrastructure, content creation, and in-real-life (IRL) events.
“The Sei Creator Fund is designed to support hundreds of projects and creators at varying stages of their development journey.” Sei Foundation
Those interested in the funding would have to be approved by the Sei community’s votes. The voting will reportedly be facilitated through a collaboration with Gitcoin, an open-source bounties platform on the Ethereum blockchain.
Sei Foundation’s latest move underscores a strategic push to bolster its ecosystem by fostering a global network of creators. However, the success of this endeavor remains uncertain, as other blockchain ecosystems have also pursued similar strategies to stimulate users’ activity.
You might also like: NFT creators in Ethereum earned over $1.8B in royalties
In late 2021, Ripple unveiled its own NFT creators fund, allocating a substantial $250 million to cultivate NFT and token projects on the XRP Ledger. At the time, Ripple was trying to bite creators, saying blockchain developers could use the XRP Ledger’s performance advantages “without the need for layer-2 protocols.”
However, the results were underwhelming, with few digital collectibles garnering significant attention in the broader crypto market, none of which managed to secure a prominent position on major NFT marketplaces.
Similarly, the Avalanche blockchain pursued a similar course, unveiling a $1 million fund exclusively dedicated to supporting meme coins minted on its platform. Nevertheless, the outcome of this initiative is yet to be seen, as meme coins typically mirror the prevailing sentiment within the market.
Read more: Sei v2 to include EVM compatibility
