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Blockchain analytics firm Bubblemaps flagged Solana’s Rugproof for suspicious token activity, alleging a deceptive launch structure that mimics a rug pull setup. Blockchain analytics platform Bubblemaps has raised concerns about Rugproof, a self-described Solana-based launchpad that claims to protect investors from rug pulls. Ironically, Bubblemaps alleged that the project may be orchestrating the same type…
Smart money traders continue seeking speculative investment opportunities despite signs the memecoin “supercycle” has ended. The most successful cryptocurrency traders are still chasing quick profits in memecoins, despite signs that the broader “supercycle” for the speculative assets may be winding down. The shift follows recent disappointment tied to memecoin launches associated with US President Donald…
” Beware of Bing AI chat and ChatGPT pump-and-dump tokens — Watch The Market Report live “ This week on The Market Report, the resident experts at Cointelegraph discuss dozens of pump-and-dump tokens purporting to be related to ChatGPT and Bing AI chat. We will be doing things a little differently this week since our handsome…
” Crypto investors spent $4.6B buying ‘pump and dump’ tokens last year “ Cryptocurrency investors funneled as much as $4.6 billion into crypto tokens suspected to be part of “pump and dump” schemes in 2022. A Feb. 16 report from blockchain analytics firm Chainalysis “analyzed all tokens launched” in 2022 on the BNB and Ethereum…
” Serum price soars 140% in one week amid FTX ‘exit pump’ fears “ Serum, a “decentralized exchange” on the Solana blockchain, has performed exceptionally well in terms of its SRM token price, despite it ties to the defunct FTX exchange. SRM price up 140% in one week On the daily chart, the SRM/USD pair…
” Alameda on the radar of BitDAO community for alleged dump of BIT tokens “ The recent concerns related to the volatility of FTX Token (FTT) seeped into FTX CEO Sam Bankman-Fried’s other business operation, Alameda Research, as the BitDAO community requested information about Alameda’s BitDao (BIT) holding commitment. On Nov. 2, 2021, BitDAO swapped…
” ‘I’ve done nothing wrong’ — Lark Davis denies ‘pump-and-dump’ allegations “ Crypto influencer Lark Davis has refuted new allegations from Twitter “on-chain sleuth” ZachXBT of shilling “low cap projects” to his audience “just to dump them shortly after.” Davis was responding to a Twitter thread posted by Zach on Sept. 29, containing allegations that…
” Terra back from the dead? LUNA price rises 300% in September “ Terra has become a controversial blockchain project after the collapse of its native token LUNA and stablecoin TerraUSD (UST) in May. But its recent gains are hard to ignore for cryptocurrency traders. LUNA rising from the dead? After crashing to nearly zero…
” Celsius Network is bankrupt, so why is CEL price up 4,000% in two months? “ Crypto lending platform Celsius Network has an approximately $1.2 billion gap in its balance sheet, with most liabilities owed to its users. In addition, the firm has filed for bankruptcy protection, so its future looks bleak. Still, Celsius Network’s native…
” Yuga Labs ‘inappropriately induced’ BAYC investors: Class action “ A proposed class-action lawsuit alleges that Yuga Labs “inappropriately induced” the community to buy Bored Ape Yacht Club non-fungible tokens (NFTs) and the project’s affiliated ApeCoin (APE) token. The proposed class-action driven by law firm Scott+Scott was published on July 21, claiming that Yuga Labs…