#TokenUnlockSeries Urgent News!! Pyth Network MUST READ if you hold or want to buy!! On May 20th ( In 1d 13H to be precise) Pyth is having a MASSIVE Token unlock. Details. Current price - 0.4446 Current market Cap -$666,883,032 Current Circ supply 15% Total unlock(May 20th), 2.13B Pyth ( $943 million) (147% circ supply) THIS IS A CLIFF UNLOCK( this means it happens quick not over time) Cliff Unlock breakdown, Ecosystem growth - $ 490 million Publisher Reward - $ 235 million (PRICE WARNING) Private sales - $109 Million (PRICE WARNING) Protocol dev- $93 million. As i pointed out with AEVO last week we have a massive unlock coming on PYTH, this unlock will be volitile because of the circulating supply, i expect the price will fall in the coming days,weeks. DONT ENTER HIGH LEVERAGED SHORTS based on this post,do your own research! I believe over the next 1-2 weeks we will see a drop in price, a massive token unlock like this will most likely drive down price, especially considering the amount going to publishers and private sales and the total unlock value/current market cap. I think it is a good short for the next weeks. please dont put yourself in financial risk or invest any amount you cant afford to lose, if you do trade this only trade a small % of your bankroll, AT 1-1 or EXTREMELY LOW LEVERAGE! Also please note, I am NOT trying to influence you for my gain My assessment is purely based on the understanding of how unlocks and the distribution of these unlocks affect markets, particularly when they have a low circulating supply and market cap relative to the unlock, I donât follow this project closely. Should it drop between 10-15%+ I would advise taking profits,partial profits, the drop will be sell pressure from the unlock and it could recover within days with whales buy orders being hit,entering at lower prices Peace $PYTH #PYTH #AltcoinGains #TokenUpdate #AltcoinInvesting @Its_13 @CZ @Binance Announcement @Seth - The No 1 Trading Expert
Trade at Yours own Risk Im not a financial advisor
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The recent drop in the price of Aevo (AEVO), a token for a decentralized derivatives exchange, has worried investors.
* Major Token Unlock Causes Selloff.
* The Aevo team and investors recently unlocked 82% of all AEVO tokens. This large number of new tokens in the market caused the price to fall quickly.
* Some people in the community are unhappy about this, saying the Aevo team now has $215 million worth of AEVO tokens, which they can sell at any time, while investors got $172 million worth of tokens.
* Major exchanges like Binance supporting this token unlock has also raised concerns about transparency and communication.
*In summary, the recent token unlock event and lack of bullish signs have contributed to Aevoâs price decline. Investors are closely monitoring the projectâs actions and communication to restore confidence in its long-term sustainability. đđ #BearishPhase #AEVO_USDT #BTCđ„đ„đ„đ„đ„ @Its_13 @Binance Announcement
$ETH $SOL $b1M TOKENS CREATED SINCE APRIL, DRIVEN BY MEMECOIN FRENZY: FACTSâŠ
- The cryptocurrency market has experienced a historic surge in token creation, with over one million new tokens launched since April 1st.
- Since April 1, 372,642 new tokens have been launched on the Ethereum network. A significant 88% of these tokens were launched on Coinbaseâs layer-2 blockchain, Base.
- This layer-2 network has seen an explosion in activity, attracting many users who are creating new #memecoins due to the low transaction costs.
- Coinbase director Conor Grogan highlighted this surge, noting that it is double the number of tokens created on Ethereum between 2015 and 2023.
- The total value locked (TVL) on Base has surged around 630% since the beginning of 2024, according to L2beat.
- Solana has seen an even more significant influx, with 643,000 new tokens launched, including 466,914 memecoins.
$BTC $ETH $BNB #CryptoKnowledgeSeries What is Crypto mining ? and how does it work ? = Crypto mining is a digital process where people use computers to solve complex math problems to validate transactions made with cryptocurrencies like Bitcoin. Hereâs how it works đđ âą Transaction Verification: Miners check transactions to ensure no one is spending their cryptocurrency twice. It's like keeping a digital record. âą Solving Complex Problems: Miners compete to solve difficult math problems that secure the transaction records. The first one to solve the problem adds a new block of transactions to the blockchain. âą Earning Rewards: As a reward, miners receive newly created cryptocurrency and transaction fees. So, crypto mining is important for keeping cryptocurrency transactions secure and trustworthy. It's a way to earn cryptocurrency without buying it, but it needs a lot of computer power and electricity. **Like our post to keep us motivated đ
$BTC $ETH $SOL Bitcoin transaction fees have significantly come down post-halving The floor price for the Runes NFT collection has also come down. Runes was supposed to be the tool that maintained fee revenue post-halving Bitcoin {{BTC}} started the week stable, changing hands above $65,800, as transaction fees have significantly lowered following the halving. On-chain data from Mempool.space shows that medium-priority transactions are now costing $8.48 while high-priority transactions cost $9.32. In the initial aftermath of the halving, these fees spiked to over $146 for a medium-priority transaction and $170 for a high-priority transaction.
The hashprice index, a metric created by Luxor to quantify how much a miner can expect to earn from a specific quantity of hashrate, has also dropped from $182.98 per hash/day to $81, a level below where it was at pre-halving. While bitcoin miners anticipated that the halving would significantly cut revenue, the introduction of Casey Rodarmorâs Runes protocol â designed to create fungible tokens on Bitcoin â which went live at the halving, was supposed to be the antidote to this, given the level of activity it would create on-chain. Instead, in the initial days after the event, floor prices for the runestone NFT collection have dropped by almost 50% in the last 24 hours with a floor price of nearly 0.037 BTC, according to Magic Eden, while ordinal collections like Bitcoin Pullets and NodeMonkes are up 11% and 8% respectively according to @CoinGecko data. It should be noted that these ordinal collections also generate considerable transaction fees but donât appear to be the same revenue source as many hoped Runes would be. #bitcoinhalving #CZBÄ°NANCE #BigDrop
đAsset manager #VanEck, a potential provider of a #Bitcoin exchange-traded fund (ETF), has revealed plans to donate a portion of the profits from the investment vehicle to #Bitcoin core developers upon approval.
đIn a post on X (formerly Twitter) on January 5, VanEck announced a 5% pledge to Bitcoin core developers through the nonprofit organization Brink ahead of potential approval for its spot #Bitcoin exchange-traded product application. The asset management firm also disclosed that it had already made a $10,000 donation to the developers, irrespective of the SECâs decision on the investment vehicle.
đThe firm expressed appreciation for the developersâ dedication todecentralization and innovation, describing them as the cornerstone of the #Bitcoin ecosystem.
đVanEck applied for a spot #BitcoinETF in the United States, with a decision from the U.S. Securities and Exchange Commission (SEC) expected in the coming days. The potential approval of spot #BitcoinETFs is anticipated to bring a substantial influx of investment from traditional finance (TradFi) into the cryptocurrency space, reaching unprecedented levels.