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Crypto Trader Loses More Than $1 Million Due To Market Crash. According to PANews, a crypto trader identified as Crypto Nerd reported a large loss of more than $1 million overnight as a result of the cryptocurrency market's steep plunge. The trader, who was trading on platform X, stated that his three-times leveraged long positions on PEPE were liquidated due to the market decline. The rapid and abrupt market drop resulted in this significant financial loss, emphasizing the volatility and danger inherent with cryptocurrency trading. $BTC $ETH $BNB

Crypto Trader Loses More Than $1 Million Due To Market Crash.

According to PANews, a crypto trader identified as Crypto Nerd reported a large loss of more than $1 million overnight as a result of the cryptocurrency market's steep plunge. The trader, who was trading on platform X, stated that his three-times leveraged long positions on PEPE were liquidated due to the market decline. The rapid and abrupt market drop resulted in this significant financial loss, emphasizing the volatility and danger inherent with cryptocurrency trading.

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Meme Coins No Longer Signal a Market Peak, According to the Co-Founder of Mechanism Capital Odaily reports that Mechanism Capital partner and co-founder Andrew Kang has discussed his opinions on the place of meme currencies in the present market. He stated that the emergence of different meme coins is no longer a sign of the pinnacle of the market. The reason for this is that meme coins are no longer regarded as a sector's final link. In fact, for new capital allocators, they are currently the most reliable industry. Memes have led the market and, in Kang's opinion, will continue to do so. Kang's remarks suggest that the financial industry's perspective on meme currencies is changing. In the past, the rise in meme coins was frequently interpreted as an indication of market saturation and the impending start of a decline. But according to Kang's viewpoint, this is no longer the case. Meme coins are becoming more credible and trustworthy among new capital allocators, which points to a more secure and possibly lucrative future for this kind of digital asset. The future of the bitcoin sector may be significantly impacted by this shift in attitude. Memes have the ability to completely change the digital asset landscape if they maintain their current market dominance and trustworthiness. Like any investment, meme coins' future is still up in the air and susceptible to changes in the market.#EarnFreeCrypto2024 #solana #Binance #bitcoin #nft
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The marketing lead for the Shiba Inu team issues a warning and shares a new video. The official marketing lead for the Shiba Inu team, Lucie, has reportedly posted a new video on TikTok and delivered a critical warning to the community, according to U.Today. There's a message from the SHIB team to the Shiba Inu army in this video, which Lucie says has a 'epic' soundtrack. The video's voice message reads, "To the ones who counted me out." To everyone who disregarded me and thought I was dead. I'm not giving up and I'm still here. The video's text declares, "It's not a sprint, it's a marathon," with pride. Lucie also sent out a warning to the SHIB meme coin community over the weekend. She informed the community that the TREAT token has not yet been released, despite its intended use as a reward distribution within the SHIB ecosystem. Lucie emphasized that there are many imposters who are confusing the SHIB community by targeting them. For correct information, she suggested that you follow the official account. It was revealed earlier this year that a large number of con artists were not only enticing people to invest in the unreleased TREAT currency, but also posing as important members of the SHIB team, such as the mysterious lead Shytoshi Kusama and SHIB's top developer, Kaal Dhairya. After these people's fake accounts were discovered on Telegram, Lucie and the other members of the SHIB team started raising awareness of the fraudulent activity. In other news, data published by the Shibburn explorer indicates that the SHIB community has allegedly burned another sizable portion of meme currencies. 7,128,803 canine meme coins have been burned in the last day, increasing the burn rate by 207.23% overall. Tokens that are 'burned,' or permanently locked away, are transacted to unspendable blockchain addresses, hence decreasing the amount of Shiba Inus in circulation. This is a part of a longer-term plan to increase the scarcity of SHIB and maybe raise its price. #EarnFreeCrypto2024 #solana #Binance #bitcoin #BTC
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After 4.5 years, Diamond Hand Trader Sells SHIB, Profits Soar 419 Times Odaily reports that a diamond hand trader realized a 419-fold return on their SHIB holdings after selling them after 4.5 years. On February 1, 2021, the trader made their first purchase of 480.9 billion PEPE with 2 ETH, which is roughly 2625 USD. These holdings were recently sold, and 278.7 ETH was returned. In the bitcoin market, traders that hold onto their investments for extended periods of time, despite market volatility, are referred to be "diamond hands." This trader's perseverance has paid off handsomely, as their original PEPE investment has ballooned to a sizeable return in ETH. This example shows how the cryptocurrency market can yield substantial profits for investors who are prepared to hang onto their money for extended periods of time. It's crucial to remember that these results are not assured and that there is a significant amount of risk associated with investing in cryptocurrencies because of market volatility. #EarnFreeCrypto2024 #solana #Binance #bitcoin #BTC
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The Ministry of Justice in South Korea Is Focused on Virtual Asset Crimes The Joint Investigation Team of the Southern Seoul Prosecutor's Office is stepping up efforts to combat unreported virtual asset transactions, fraudulent virtual asset deposits, and manipulation of the virtual asset market, the South Korean Ministry of Justice has said, according to Odaily. The PICA fraud case, which included 90 billion Korean won, the unlawful over-the-counter (OTC) business, which involved 580 billion Korean won, and the Haru Invest deposit fraud case, which involved 1.4 trillion Korean won, are the three representative cases of these crimes that the Ministry of Justice has emphasized. The Financial Commission and the Financial Supervisory Service are in talks with the Ministry of Justice to create subsidiary regulations, like the formula for determining unjust profits resulting from unethical trading methods in the virtual asset market. They hope this will help expedite the investigation of unethical trading behaviors in the virtual asset market, fully recover illicit proceeds, and improve market stability and dependability. #solana #EarnFreeCrypto2024 #Binance #bitcoin #BTC
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Whales Market Notifies X Platform Of BorpaToken Launch The introduction of BorpaToken (BORPA) on Whales Market, a well-known digital asset market, has been announced, according to Odaily. It is anticipated that the new cryptocurrency would improve platform features and give users access to a wider range of investment options. No other information regarding the launch or the characteristics of BorpaToken was provided in the statement. The action is considered a component of Whales Market's continuous endeavors to broaden its assortment and address the changing requirements of its clientele. It is expected that the launch of BorpaToken on the X platform would increase user numbers and encourage trading. Before making an investment in new digital assets, prospective investors are urged to carry out extensive research and take their risk tolerance into account. #EarnFreeCrypto2024 #solana #Binance #bitcoin #BTC
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