Schlagwort: crypto business

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Shiba Inu whales accumulated a staggering 1 trillion SHIB in 8 weeks

  • Shiba Inu wallet addresses with 10 million to 100 billion added 1.11 trillion SHIB since June 4.
  • The increased whale activity comes amid bullish sentiment for Shiba Inu ahead of its Shibarium launch.
  • SHIB price was slightly higher on Saturday, trading around $0.00000830.

Shiba Inu is among altcoins to see a significant surge in their prices over the past week, with the meme coin largely benefitting from whale activity.

According to on-chain data from market intelligence platform Santiment, large holders have accumulated staggering amounts of SHIB since early June.  This spike in whale activity comes ahead of a highly anticipated Shiba Inu ecosystem event – the launch of the layer-2 solution Shibarium.

While only testnet access is available for now, the huge anticipation surrounding Shibarium is one of the factors driving interest in the meme coin.

Shiba Inu whales gorge on SHIB

As Santiment shared on Friday, large Shina Inu wallets in the category of “sharks” and “dolphins” have added more than $9 million worth of SHIB over the past two or so months.

Indeed, on-chain data indicates addresses with 10 million to 100 billion SHIB have accumulated 1.11 trillion of the meme token since June 4. The total SHIB holdings in the hands of these large investors stood at $32.49 trillion on Friday, July 28. In total, this group holds roughly $266 million worth of SHIB.

Here’s Santiment’s chart showing the increased SHIB accumulation by 10 million to 100 billion address cohort.

SHIB price outlook

SHIB traded at $0.00000830 on Saturday afternoon, about 2% up in the past 24 hours after paring gains seen when it reached intraday highs of $0.00000840 across major exchanges.

CoinGecko ranks Shiba Inu the 15th largest cryptocurrency by market cap, with this at over $4.9 billion at the time of writing.

The post Shiba Inu whales accumulated a staggering 1 trillion SHIB in 8 weeks appeared first on CoinJournal.

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zkSync Era protocol Kannagi Finance rugpulls, users lose millions

  • Kannagi Finance has reportedly rugpulled, with users losses amounting to $2.13 million.
  • Protocol’s social media channels have been deleted or are unaccessible.
  • KANA token has nosedived, plunging by 99% after the incident.

Kannagi Finance, a revenue aggregator protocol on zkSync Era, has reportedly rugpulled. Users have suffered major losses, while the price of the native token KANA has nosedived.

The protocol’s official website has allegedly “expired”. Meanwhile, its social media channels, including the official Twitter account are inaccessible. Total value locked (TVL) has plummeted from $2.13 million on Friday to near zero this morning, putting users losses at over $2 million.

TVL plunged to near zero

Kannagi Finance is said to have had its audit on June 6, handled by SolidProof, an audit agency under Germany-based Make Network. However, the protocol’s smart contract code remained closed-source and unverified.

 “The zkSync Era revenue aggregator protocol Kannagi Finance has RugPulled, and its official website have expired. The TVL of Kannagi Finance was $2.13 million yesterday, and the current TVL has almost returned to zero, so the estimated user loss is $2.13m.  The Kannagi Finance contract code is not open source verified,” Wu Blockchain reported earlier Saturday.

A statement from SolidProof acknowledges the incident and say they are “thoroughly investigate the situation.” However, they have pointed out that the platform, which has worked with BitMart, PinkSale and UNCX, did not audit the Vault contracts for the reported incident.

“However, as a registered security provider, our top priority is to assist in resolving this issue promptly and transparently,” the statement read.

Following the incident, Kannagi Finance’s native token KANA plunged 99% to near zero.

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Solana’s Aurory goes cross-platform with expansion to Arbitrum

  • Solana based Aurory has expanded to Arbitrum, a leading L2 for Ethereum.
  • $1 million in AURY liquidity has been added to the Arbitrum native DEX Camelot.
  • AURY price surged more than 22% to hit highs of $1.00.

Aurory, a leading NFT and gaming project in the Solana ecosystem, is seeing fresh adoption after it announced expansion to Ethereum Layer-2 protocol Arbitrum.

According to the platform, expanding to Arbitrum is all about accessibility and bringing more users to the gaming platform.

“Using SyncSpace to expand Aurory to multiple platforms allows us to tap into diverse new user bases, creating frictionless onramps for these communities, regardless of whether they are Web2, or Web3 native,” the Aurory team said.

The integration means that all of Aurory’s on-chain assets are now accessible on either Solana or Arbitrum. Users on the Arbitrum network can get AURY by depositing USDC into SyncSpace, then swapping the stablecoin for AURY.

As a native token, AURY can be used across the Aurory ecosystem. The teams announced that $1 million of AURY liquidity had been seeded on Arbitrum native DEX Camelot.

Aurory’s availability on Ethereum marks a first major milestone for the gaming platform and could be followed by more expansions to leading chains like BNB, Polygon and Avalanche. Meanwhile, experts say Aurory is one of Solana-based gaming projects likely to revolutionise the global play-to-earn (P2E) ecosystem.

AURY price outlook

The AURY price was up more than 22% in the past 24 hours at the time of writing, trading just shy of one dollar at $0.99. The intraday high was $1.00, with price up 135% in the past seven days. The cryptocurrency had a 24-hour trading volume of over $1 million, up more than 23%.

Aurory has a total supply of 100 million coins, current circulating supply of 31 million and market cap of over $30 million.

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France’s privacy watchdog questions Worldcoin’s data collection

  • France’s privacy watchdog reportedly questions Worldcoin’s biometric data collection.
  • Worldcoin, created by OpenAI CEO Sam Altman, launched on Monday.
  • Users have to scan their irises to get a World ID and crypto token WLD.

IIn latest crypto news, France’s privacy watchdog is reportedly examining legal issues around recently launched Worldcoin (WLD), particularly its biometric data collection.

According to a Reuters report on July 28, the Commission nationale de l’informatique et des libertés (CNIL), had indicated it has questions over Worldcoin’s requirements that include users scan their irises using an orb.

The CNIL has said it opened investigations after Worldcoin collected data from users in France, per details published in the Reuters report.

Worldcoin offers access to a digital ID and free cryptocurrency (in countries where regulation allows) to people who sign up to a “proof of personhood.” Data shows the project created by OpenAI CEO Sam Altman has seen increased sign ups since its launch on Monday.

The project says one unique person is scanning their eyeballs for the World ID every 7.6 seconds.

France’s action comes days after the UK’s The Information Commissioner’s Office also announced it was looking into Worldcoin.

The post France’s privacy watchdog questions Worldcoin’s data collection appeared first on CoinJournal.

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Shiba Memu price prediction as presale hits over $1.2 million in a month

Key takeaways

  • Shiba Memu’s presale has generated more than $1.2 million in its first month.

  • SHMU’s price is increased daily, with the presale set to last for eight weeks. 

The cryptocurrency market has underperformed this week. Bitcoin has lost more than 2% of its value in the last seven days and is now trading below $30k. At press time, the price of Bitcoin stands at $29,212.

Despite the market’s poor performance, Shiba Memu’s presale has hit a new milestone. The presale has surpassed the $1 million mark in the first month of its presale. 

What is Shiba Memu?

AI has become the rage in the world now. Following the launch of ChatGPT earlier this year, we have seen a number of AI solutions crop up to solve numerous problems within society.

Shiba Memu is a project that is taking advantage of AI and blockchain technology to make it easier for people to create content and market their services. 

According to their whitepaper, Shiba Memu is designed to handle the task of 100 marketing agencies. The Shiba Memu machine is always active and is working 24/7 to find the best work going on in creative advertising, consuming it and generating better content marketing. 

Shiba Memu is launching a meme token thanks to the explosive growth recorded by meme coins in recent years. In 2020, meme coins were practically unknown in the crypto ecosystem but grew to a market cap of over $20 billion within two years. 

However, Shiba Memu could be better than most of the meme coins currently available in the crypto market, thanks to its utility. The team explained that Shiba Memu has self-sufficient marketing capabilities powered by AI technology, making it a unique and attractive investment.

With Shiba Memu, users have a powerful AI that can create its own marketing strategies, write its own PR, and promote itself in relevant forums and social networks. Currently, Shiba Memu is available on the Ethereum and BNBChain blockchains. 

Shiba Memu’s presale tops $1.2M

Shiba Memu is becoming quite popular amongst cryptocurrency investors despite the recent bearish sentiment in the market. 

The presale has been on for less than a month, and the team has raised $1.2 million so far. The development team will use the funds to develop some of its products. 

Most of the funds generated from the presale would be used to develop Shiba Memu’s AI technology. With the Shiba Memu AI technology, the platform can engage with users directly.

The development team added that the platform would have a robotastic dashboard to interact with the AI, provide feedback, make suggestions, and ask questions. 

Click here to find out more about Shiba Memu’s presale event.

Shiba Memu price prediction

It is hard to accurately predict Shiba Memu’s price as the token is still in its presale phase. Currently, 1 SHMU = 0.016300 USDT. 

The team revealed that the Shiba Memu price increases every day at 6 pm GMT. In a few hours, the token will go for 0.016525 USDT. 

SHMU began trading at $0.011125 when the presale began and will trade at $0.0244 when the presale ends. Users can purchase the SHMU token using Ethereum, USDT, BNB and BUSD

Should you invest in Shiba Memu now?

If you are interested in the project, then it is not too late to invest in Shiba Memu. the project’s utility could make it one of the leading meme coins in the world. 

By combing AI and blockchain technology to ease marketing strategies for companies and organisations, Shiba Memu could gain massive adoption in the coming months and years. 

If the project gets the necessary adoption, SHMU, the native token of the Shiba Memu ecosystem, could record massive gains in the medium to long term.

Furthermore, if the broader crypto market enters a bullish cycle, SHMU could emerge as one of the biggest winners. Bitcoin and other major cryptocurrencies are up by more than 40% year-to-date. 

If the market fundamentals improve over the next few months, SHMU could record excellent growth once it starts trading on cryptocurrency exchanges.

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