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Forest Token Takes The Solana Network By Storm: A New Era In Meme Coins

The Solana network has recently welcomed a new contender in the meme coin arena: Forest. Launched early Wednesday morning, this token has quickly gained traction, boasting a market valuation of $16.5 million. It’s tethered to the $GOAT token and embodies a unique fusion of themes—nature conservation, artificial intelligence, charitable initiatives, billionaire backing, and connections to tech giants like Microsoft and OpenAI. https://twitter.com/ai_9684xtpa/status/1846792589871349825 The excitement around Forest was amplified by a tweet from Truth Terminal’s founder yesterday, which triggered a staggering 532% surge in its stock price. Trader Records Over $4,500% Profits  Among the traders who capitalized on this spike was a lottery player identified as 3VXSp...j2Cbm, who managed to realize an incredible profit of 4,692% in just 29 hours. With an initial investment of $1,839, they transformed their holdings into a remarkable $86,301, marking them as the top earner among […]

Will Izuchukwu October 20, 2024

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@RDNTCapital Suffers Major Exploit, Losing Millions In Market Attack

Last night, decentralized finance (DeFi) platform @RDNTCapital fell victim to a significant security breach that resulted in a massive loss of funds from its markets. The attack targeted the platform’s multisig wallet, which is responsible for critical tasks such as contract upgrades and transferring funds. The wallet, identified as 0x111ceeee040739fd91d29c34c33e6b3e112f2177, operates on a multisignature model that requires 3 out of 11 signatures to authorize transactions. https://twitter.com/CyversAlerts/status/1846798484063547468?t=nWyMujPe5QwwTTSsWS_t8Q&s=19 Unfortunately, the attacker managed to gain control of permissions for three of the wallet’s signers, bypassing security measures. By using these three compromised private keys to sign off-chain, the hacker was able to transfer ownership of the LendingPoolAddressesProvider to a malicious contract. The attacker then updated the lending pool’s logic to a backdoor contract, which allowed them to siphon funds from various lending markets. Funds Stolen Now Converted To ETH And BNB  The stolen […]

Will Izuchukwu October 17, 2024

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This Week In Meme Coins: SUI, Hippos, And The Satoshi Revelation

The meme coin market is buzzing this week, with its total market cap soaring to $47 billion—a notable 17.86% increase in just seven days. This impressive growth has outpaced many other sectors in the cryptocurrency space, with most of the top 20 meme coins trending upwards. Market Overview The meme coin market cap now stands at $47 billion, marking a significant rise that indicates renewed interest from investors. This sector has proven resilient, thriving even as larger cryptocurrencies struggle to gain momentum. Notably, Sui network-related coins are gaining traction, with Sudeng reaching a market cap of $150 million. Meanwhile, Ethereum's Moodeng skyrocketed by 480% following a mention from Vitalik Buterin, capturing the attention of the crypto community. Narrative of the Week Meme coins are experiencing a renaissance while major cryptocurrencies stagnate, highlighting a shift in investor sentiment. The surge in […]

Will Izuchukwu October 16, 2024

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Crypto Industry Q3 2024 Report: Key Trends And Highlights

The crypto market remained mostly flat in Q3 2024, with the total market cap ending the quarter at $2.33 trillion, reflecting a slight 1% drop. Despite this, the quarter was marked by volatility due to external factors, such as the Federal Reserve's rate changes and Japan's surprising rate hike. Here are the most notable insights from the Q3 report: 1. Crypto Market Performance: The market cap peaked at $2.61 trillion on July 22 before plummeting on August 6, driven by global economic concerns. Average daily trading volume stood at $88 billion, a 3.6% decrease from Q2. 2. Bitcoin Dominance: Bitcoin’s dominance surged to 53.6% of the total market, a 2.7% increase quarter-over-quarter. Conversely, Ethereum saw the biggest decline in dominance among the top seven cryptocurrencies, dropping 3.6% to close the quarter with a 13.4% market share. 3. Asset Class Performance: […]

Will Izuchukwu October 16, 2024

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Stablecoin Market Soars From $1 Billion To $171 Billion In Six Years, Led By USDT’s Shift To TRON

The stablecoin market has experienced explosive growth over the past six years, according to data from @intotheblock. In 2018, the total stablecoin market cap was a modest $1 billion. Fast forward to 2024, and that figure has skyrocketed to an impressive $171 billion—a staggering increase that highlights the vital role stablecoins now play in the world of finance. https://twitter.com/Altcoin_daddy/status/1844442375701106844?t=B47IjsHMBtZXhj46N8Srhw&s=19 Stablecoins, digital assets designed to maintain a consistent value, are becoming a critical bridge between traditional finance and the rapidly evolving cryptocurrency space. Their reliability and stability have made them indispensable for traders, investors, and exchanges looking to navigate the volatile crypto market while minimizing risk. $USDT Key Player A key player in this surge is $USDT, the largest and most widely used stablecoin. While USDT initially dominated on the Ethereum blockchain, its migration to the TRON network in 2020 has […]

Will Izuchukwu October 11, 2024

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Top Memecoins Smart DEX Traders Are Buying: Is $MAGA Set To Rise Again?

In the world of memecoins, some tokens have been gaining significant attention from Smart DEX Traders (SDTs) over the past 24 hours, with $SPX standing out as one of the fastest-growing. Here's a breakdown of the top three memecoins SDTs have accumulated recently: 1. $MAGA – $374.6K 2. $WOJAK – $157.7K 3. $PEPE – $114.1K https://twitter.com/iCryptoAI/status/1843552602853912725?t=rQi5hbyBKJee9-wTZ8c_3w&s=19 Among these, $MAGA has taken the lead, becoming the most accumulated memecoin by SDTs. The question on everyone's mind is whether $MAGA is poised for another surge in value. One noteworthy player in the memecoin game is dimethyltryptamine.eth, who made waves 90 days ago by spending 15.6 $ETH (approximately $47K) to purchase 3.64 million $SPX tokens. Today, those tokens are worth an astonishing $1.27 million, delivering an impressive 26x return within just three months. dimethyltryptamine.eth's prowess doesn't stop there. In a legendary move, he […]

Will Izuchukwu October 10, 2024

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Smart DEX Traders Are Betting Big On $WOJAK As It Rises Over 60% In Three Weeks

According to data from iCrypto, Smart DEX Traders have been actively buying memecoins over the past 24 hours, with $WOJAK standing out as the second most purchased token, totaling $157.7K in buys. This spike in activity comes as $WOJAK has experienced a significant price surge of more than 60% over the last three weeks. https://twitter.com/iCryptoAI/status/1843552602853912725?t=DOh3E67-7Ad_ewMH9Xpozw&s=19 Two Smart DEX Traders are currently holding onto substantial profits from their $WOJAK investments, signaling confidence in the token’s continued potential. One notable trader is wallet 0x7c7e, who has seen a profit of $134.5K (56.51%) from their $WOJAK holdings. This trader currently holds 454.56 million $WOJAK tokens, valued at approximately $419.5K. Despite the impressive gains, they haven’t sold yet, indicating they may be waiting for even higher returns. https://twitter.com/iCryptoAI/status/1843484358591819851?t=VLyk7Rbfwy4m9cGfcqVxRA&s=19 The recent upward momentum of $WOJAK has garnered the attention of many traders looking to capitalize […]

Will Izuchukwu October 10, 2024

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Why $BRUME Is A Must-Watch Token As Smart Money Flows In

Over the past 24 hours, $BRUME has emerged as the top token in terms of inflow and accumulation by Smart Money. Both Smart DEX Traders and Smart Money investors are heavily accumulating this token, with many traders already cashing out at 10x to 100x profits. So, what makes $BRUME a must-watch at its current market cap of just $9 million? On its very first day of launch, Smart Money poured in, with $400K worth of $BRUME being snapped up. To add to this, one of the prominent funds, Moonwhale Ventures, has invested in $BRUME. Known for their track record of backing successful projects like $XMW and $SYNK, their involvement has people excited about $BRUME’s potential. Here are some key points you should know about $BRUME: - @BrumeWallet is a decentralized privacy wallet integrated with TOR, making it one of the […]

Will Izuchukwu October 10, 2024

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The AI Mania: Will It Spill Over Into Crypto?

The AI boom is undeniable, with tens of billions of dollars pouring into startups over the past year. Leading the charge is OpenAI, which recently raised $6.6 billion, pushing its valuation to a staggering $157 billion—over 10 times the fully diluted value (FDV) of $TAO. OpenAI has transitioned from a research lab into a product-driven giant. By Q2 2024, its annualized revenue hit $3.4 billion, double what it was earlier that year. However, with huge revenues come equally large operational costs. AI's explosive growth is fueled not only by high valuations but also by an intense demand for talent, especially in tech hubs like the Bay Area, where AI expertise commands premium salaries. Yet, companies hiring globally are winning by tapping into cheaper talent pools across different markets. This raises a crucial question: how can we fund, build, and scale […]

Will Izuchukwu October 7, 2024

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Justin Sun: The Airdrop Hunting Tycoon

Justin Sun has emerged as one of the most accomplished airdrop hunters in the crypto world, employing a strategy that allows him to earn millions with minimal effort. As of February, Sun's net worth was estimated at around $1.5 billion, but with the recent market surge and his growing influence, it's likely his assets have surpassed $2 billion. Sun has developed a unique approach that enables him to click a single button and reap substantial airdrop rewards. His initial rise to fame came in March when he received a significant airdrop from EtherFi. One of his wallets captured nearly 6% of the total $ETHFI airdrop supply, which was valued at approximately $20 million. https://twitter.com/cryppinfluence/status/1842236487938802050?t=DmIROZvi8_jsXMDgrO9v8w&s=19 $56 Million Transfered To Binance  In a further display of his market savvy, Sun attracted attention again when he transferred $56.1 million in TUSD to Binance […]

Will Izuchukwu October 7, 2024

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