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News

$PAIN Token Finally Launches After Delay: Concerns Arise Over Team’s Massive Token Sale

Following a delay of two weeks, the $PAIN token has launched - something investors and cryptocurrency enthusiasts have eagerly awaited. However, the launch has already sparked significant controversy, primarily because of recent disclosures about the token's distribution and a "team sale" of tokens associated with the project's architects. Indeed, the way in which the token has been released has led some to question the project's integrity and the motivations of its leaders. Token Economics and Distribution Now making its debut, the PAIN token has a total supply of 10 million tokens. The distribution of these tokens has been clearly laid out in the official announcement, with some surprising details that are causing concern in the market. - 50% of the tokens go to Harold, the project lead who is really the only person connected to the creation and development of […]

Will Izuchukwu February 20, 2025

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News

Solana’s Tumultuous Week: $SOL Falls Out of the Top 5 Amid LIBRA Scandal and BNB Surge

The past week has brought Solana ($SOL) a series of unfortunate events that have taken a toll on its standing in the crypto world, not to mention the health of its ecosystem. And while it might seem like Solana has a target on its back, its problems appear to be the result of a perfect storm of events. From the shocking LIBRA crypto scam to the top-of-the-charts performance from Binance Coin (BNB), one area of Solana's life isn't making up for the lack in any other area. For the first time in quite a while, Solana finds itself outside the top five by market cap. Let's break down the series of events that have made for some chaotic times for the Solana team. The LIBRA Scandal and Its Fallout Solana suffered its worst setback with the exposure of the LIBRA […]

Will Izuchukwu February 20, 2025

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Market Analysis

HEDERA PRICE ANALYSIS & PREDICTION (February 20) –Hbar Bounces Slightly After Weeks of Drops, Find Temporal Support

Hbar continued to recover after shedding massive losses in the past weeks. However, its outlook remains bearish on the daily chart but is now showing signs of strength after locating support. The aftermath of the early month crash has caused a lot skepticism among investors, although few mid-cap altcoins have seen a slight recovery but Hbar remains red amid rising supply. On Tuesday, the crypto found temporal support after testing the $0.19 level. It bounced off this level and increased near $0.23, retesting a recently broken minor support level as resistance. A rejection occurred there and the price retraced to where it currently trades at $0.22. The bears are still gaining dominance on the daily chart. If they step back into action, the price will continue to dip until exhaustion sets in. Meanwhile, the bulls are currently pessimistic about the […]

Michael Fasogbon February 20, 2025

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News

YZi Labs Makes Strategic Move: $206K Transfer to Gate and Unveiling of Asset Holdings

A major transfer of seven tokens worth $206,000 to the Gate exchange has put YZi Labs, formerly known as Binance Labs, in the headlines. The tokens had previously been unlocked via investment and ownership, but they seemed to be going nowhere—at least, not onto Binance's exchange platform. So, YZi Labs transferred the tokens. This move could indicate YZi's new direction, in which it might focus on token projects with more potential to list and appreciate—this is kind of critical, considering YZi remains an influential investment firm in the crypto space. YZi Labs’ Shift to Gate: A Tactical Exit from Binance YZi Labs, once a major player under the Binance umbrella, has made the bold decision to transfer seven tokens worth a total of $206,000 to the Gate exchange. These tokens are: $ULTI (Ultiverse), $OLE (OpenLeverage), $MAVIA (MaviaGame), $SQR (MagicSquare), $NLK […]

Will Izuchukwu February 19, 2025

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News

A Profitable Scheme: The $Broccoli Whale Creates “New Broccoli” and Ends Up With $460,000 Profit

Cryptocurrency's ever-evolving world brings new stories to light that showcase the cleverness and enigma of creating tokens. One such story tells of a $Broccoli whale—an individual who has raked in a significant amount of trading fortunes in $Broccoli tokens—embarking on a bold new journey. This ambitious fellow, after securing a cool $460,000, made the strange decision to not only create a brand-new token but to also seek to assassinate $Broccoli in the process. What ensued was a wild series of transactions where the "New Broccoli" was born and an enormous donation to the famous crypto figure CZ was made. The Birth of "New Broccoli" The tale started when the whale, having just pocketed an incredible profit of $460,000 from $Broccoli, thought to himself, “Hey, why not take this to the next level?” The very next day, after receiving a reply […]

Will Izuchukwu February 19, 2025

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Market Analysis

DOGECOIN PRICE ANALYSIS & PREDICTION (February 19) – Is Doge Set For Another Crackdown Following This Bearish Move?

After experiencing a short recovery last week, Doge resumed drops and started to lose ground again on a daily scale. However, it currently sits near a key support level and now looks set for another breakdown. Doge's price is waxing weaker weekly following the latest drawdown as the bears continue to take charge on the daily chart. The primary meme coin is seriously in red today due to a 10% drop in the past few days. It currently approaches a vital support level and looks prime for another major crash. It is important to note the supply level is on the rise again. Meanwhile, the latest bearish came after a short recovery to the $0.287 level last week. It marked resistance there and initiated drops. A plunge through the immediate support could cause a serious reduction. While this bearish move […]

Michael Fasogbon February 19, 2025

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News

Galaxy Digital Faces Significant Losses on Memecoin Investments Amidst High Risk Bets

In the last few months, the prominent crypto investment firm Galaxy Digital, led by billionaire Mike Novogratz, has made some pretty audacious moves in the unstable world of Memecoins. The company has taken more than a few bold steps in the last couple of months to try and stabilize its Memecoin investments and recover some of the losses. These investments were made, it bears mentioning, not in the prospect of the assets returning some far-fetched Memecoin miracle but because of a perception among some at Galaxy that these were the types of (largely pointless) crypto projects that have the potential to return outsized gains. Breakdown of the Losses: PNUT, ai16z, and ARC Among the three Memecoins in which Galaxy Digital has invested heavily, the losses are especially pronounced for PNUT, the most prominent holding in the firm’s portfolio. Galaxy has […]

Will Izuchukwu February 18, 2025

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News

Circle Resumes USDC Minting on Solana After Seven-Day Pause Amid Stablecoin Activity Surge

In recent days, the landscape surrounding stablecoin has changed notably, with USDT (Tether) and USDC (USD Coin) moving quite dramatically across various blockchain networks. Stablecoin activity on Ethereum, for instance, has seen a marked uptick. Tether and USD Coin have combined to add a staggering $1.1 billion to the network just in the last week. On Solana, however, these same stablecoins have experienced something of a "run," with a combined $772 million exiting the network in what seems to have been a weeklong panic accompanied by a fair number of raised eyebrows. We here at Altcoin Daily have our own eyebrows up, and for good reason. Is something afoot with the Solana stablecoin ecosystem? Resumption of USDC Minting on Solana The recent decision by Circle to restart minting USDC on Solana—after a one-week suspension—has gathered significant focus from the crypto […]

Will Izuchukwu February 18, 2025

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Market Analysis

RAYDIUM PRICE ANALYSIS & PREDICTION (February 18) – Ray Forms New Bearish Pattern, Sets For a Massive Crackdown

Advancing bearish this week, Ray posted a huge loss in the past hours and now poise for more drops as it forms a classical head-and-shoulder pattern. It currently approaches a key support level for a breakdown. Last week saw Ray through a recovery after dropping steadily in the preceding week. However, the momentum was short-lived due to a sharp rejection and the price fell back, closing near the opening price. That triggered a serious drop since yesterday and the price dipped below $5. It is approaching a crucial support level, which has been suppressing bearish pressure for the past three months. If this support holds well, we can anticipate a bounce back. However, things might change this time. Looking at the latest price actions, which appear more like a classical head-and-shoulder (H&S) pattern on the daily chart, Ray may collapse […]

Michael Fasogbon February 18, 2025

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News

Whale Accumulation of $OM Shows Potential for Bullish Momentum as Investor Interest Grows

In the rapidly changing world of cryptocurrency, the actions of large players—commonly known as "whales"—often indicate shifts in market sentiment or upcoming trends. One such whale has emerged recently as a point of fascination for traders and analysts. This whale, associated with the address 0x35...2Bf7f, has been accumulating a remarkable number of tokens of a particular digital asset called $OM. To date, this address has accrued close to 1.9 million tokens of $OM. These tokens hold an approximate value of around 14.45 million US dollars. And what has traders and analysts really buzzing is the seeming appearance of this whale as a potential "smart" money signal. Whale's Strategic Accumulation and Potential for Profit The address in question has been quietly amassing $OM tokens since January 19, 2025, withdrawing large batches from Binance. During this time, the average price per $OM […]

Will Izuchukwu February 17, 2025

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