Schlagwort: crypto market news

• Bounce Token soared more than 36% on Sunday, gaining to an intraday high of $36.17.
• Analysts predict a breakout for AUCTION price.

Bounce Token (AUCTION) has surged by an impressive 36% over the past 24 hours, emerging as among top gainers in the 500 largest coins by market cap. Only Ancient8 (AB) with a staggering 109% in 24 hours and BinaryX (BNX) with 40% as surged by more.

Notably, this price spike comes as most altcoins look to hold onto gains as Bitcoin hovers near $84k.

Bounce Token price recap: A 36% surge in 24 hours

According to CoinMarketCap data on March 16, 2025, Bounce Token (AUCTION) climbed 36% to reach an intraday high of $36.17. While the altcoin, native to the decentralised auction platform, remains about 49% from it’s all-time high of $70.56, it has seen significant gains in recent weeks.

Per CoinMarketCap, AUCTION price has jumped by about 107% over the past seven days and 204% in the past month. These gains have pushed Bounce Token’s market capitalization to around $232 million.

Meanwhile, trading volume has also skyrocketed, up 230% in 24 hours to hover at $590 million at the time of writing.

Why is the AUCTION price up today?

Bounce Token’s price rally builds on AUCTION’s longer-term momentum. Part of this has to do with the growth in the ecosystem and new project launches.

One of these is Auction Intelligence, an artificial intelligence (AI) agent launchpad by Bounce Finance, which went live on the BNB Chain.

Although the market is largely negative, Bounce Token bucks the trend with notable impetus from its traction in the DeFi space. There’s also huge anticipation around real-world collectibles.

As noted above, an innovative auction mechanism and adoption are key to the current upward trajectory.

Can AUCTION bounce to a new ATH?

If the bulls hold key support levels, such as the $30, its possible they could target the $60 mark seen in November 2021. From here, with supportive market conditions, it would be a new ATH for buyers.

Crypto insights provider Crypto Sat shared an outlook for AUCTION price on March 12.

$AUCTION BREAKOUT ALERT! 🚀

After months of consolidation inside this classic bullish pattern, #AUCTION has finally broken out in a spectacular way! The price has surged past key resistance levels, showing massive momentum.

💡 Key Takeaways:
✅ Pattern: Falling Wedge (Bullish… pic.twitter.com/hNhDYrdDUP

— Crypto Sat (@cryptosatred) March 12, 2025

 

On the flipside, profit taking deals could allow bears to target $20 and then $10 – previous demand reload zones.

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• Hayden Davis, the alleged architect of the LIBRA and MELANIA meme coins, is back in the spotlight with the launch of a new token called WOLF.
• This move comes despite Davis being named in an Interpol notice, raising fresh concerns about his activities in the volatile world of digital currencies.

Bubblemaps, Coffeezilla link Hayden to WOLF token

According to a new report from blockchain analytics firm Bubblemaps, Davis is once again at the center of a questionable crypto venture—one that echoes the dramatic rise and fall of his previous projects.

1/ Hayden Davis launched a new token: $WOLF

Now on an Interpol notice, the creator of LIBRA and MELANIA tried his best to hide it 🧵 ↓ pic.twitter.com/Ok6ev3JH4r

— Bubblemaps (@bubblemaps) March 15, 2025

The investigation, conducted in partnership with popular YouTube investigator Coffeezilla (real name Stephen Findeisen), uncovered compelling evidence linking Davis to WOLF.

WOLF, which appeared to capitalize on the fame of Jordan Belfort—the former stockbroker who inspired Martin Scorsese’s ‘The Wolf of Wall Street’—initially surged in popularity. A WallStreetBets social media account heavily promoted the new token on March 8, with WOLF hitting a staggering $40 million market cap. That’s before it crashed in what many see as yet another “rug pull” scam.

4/ On March 8, wallstreetbets promoted a $WOLF token

• the dev sniped it with multiple wallets
• It reached a $40M market cap before rugging
• 82% of its supply was bundled pic.twitter.com/7KIZ50oWqp

— Bubblemaps (@bubblemaps) March 15, 2025

Bubblemaps’ on-chain analysis painted a damning picture.

The firm found that 82% of WOLF’s supply was held in a single bundle—a telltale sign of manipulation common in fraudulent token launches. Digging deeper, investigators traced a complex web of transactions across 17 addresses and five cross-chain transfers, all pointing back to a single wallet: OxcEAe, identified as belonging to Davis.

“We exposed Hayden Davis as the mind behind LIBRA, MELANIA, and other tokens. We thought his days of launching tokens were over. But we were wrong,” the Bubblemaps wrote on X.

Coffeezilla, known for his deep dives into crypto controversies, has been a key voice in bringing Davis’s alleged schemes to light, amplifying the findings to his large online audience.

LIBRA launch and Hayden’s controversy

His involvement with the LIBRA meme coin drew international attention after an endorsement from Argentine figure Javier Milei sent its market cap soaring to over $4.5 billion.

But the euphoria was short-lived—LIBRA plummeted by more than 99% to just $18 million, with blockchain analysts later revealing that insiders, including Davis, had dumped massive holdings at the peak. That collapse prompted Argentine prosecutor Gregorio Dalbón to push for an Interpol “Red Notice,” arguing that Davis’s wealth could help him flee justice.

Interpol’s notice makes Hayden a globally wanted man.

The launch of WOLF has only fueled the fire. Critics see it as a bold—if reckless—move by Davis to double down on his playbook of hype-driven tokens and swift exits.

For now, the crypto community is left picking up the pieces of yet another crashed coin, while authorities weigh their next steps. Whether Davis can outrun the long arm of the law remains to be seen, but one thing is clear: his name is becoming synonymous with the wildest excesses of the crypto world.

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The cryptocurrency market is no stranger to volatility, and as prices dip, savvy investors and projects are seizing the moment to make bold moves. World Liberty Financial, a crypto project backed by Donald Trump’s family, is doubling down on crypto with fresh purchases.

Meanwhile, Bitcoin Pepe, a meme coin with ambitious plans, is drawing attention from across the ecosystem.

These developments come at a time when the broader crypto market is experiencing a downturn, presenting what some see as a golden opportunity.

World Liberty Financial adds to portfolio with Avalanche, Mantle

Although World Liberty Financial is significantly down on its investments in various cryptocurrencies, its doubling down on it. The project scooped Avalanche (AVAX) and Mantle (MNT) tokens for over $4 million. Specifically, WLFI acquired 103,911 AVAX tokens and 2.45 million MNT tokens for $2 million each.

These purchases add to WLFI’s already substantial portfolio, which totals around $340 million invested across 11 different cryptocurrencies.

As aggressive as World Liberty is, it is currently down more than $115 million, with the largest part of the portfolio that’s underwater being unrealized losses of $88 million on Ethereum (ETH).

However, WLFI’s decision to double down on AVAX and MNT suggests confidence in these tokens as potential hedges or long-term winners.

Bitcoin Pepe: Solana on Bitcoin

While WLFI’s purchases signal a calculated strategy, another project capturing attention is Bitcoin Pepe.

This meme coin blends meme culture and Bitcoin’s iconic status, with this enhanced by the speed of Solana. In short, Bitcoin Pepe is building Solana on Bitcoin. It’s unveiling introduced the first and only meme ICO on Bitcoin.

BPEP’s presale, under the PEP-20 standard, has investor interest piqued. That’s because Bitcoin Pepe eyes a layer 2 network on Bitcoin.

Interest in BTC among investors remains largely bullish despite the recent sell-off. This same outlook cascades to BPEP as traders position for the next big move.

What’s next for Bitcoin Pepe?

The roadmap hints at listings on major platforms, staking options, and potential NFT integrations—features designed to sustain hype and engagement.

🔴🐸BITCOIN PEPE LIVE AMA #5: STAKING, UPDATES + GIVEAWAY! https://t.co/CriHknaSDW

— Bitcoin Pepe (@BitcoinPepe_) March 13, 2025

Notably, meme coins thrive during market recoveries, which is why investors seeking an opportunity see the current dip as one that offers just that. It’s likely the outlook that’s driving World Liberty’s buying spree, including the latest tokens AVAX and MNT.

That means that projects like Bitcoin Pepe, still in presale, may offer great entry points. Buzzing across the market for what could be next for Bitcoin and Solana also has investors flocking to Bitcoin Pepe.

Historically, meme coins tap into the speculative fervor that often follows a market bottom, where risk-tolerant traders chase the next viral token. Bitcoin Pepe has so far raised over $5 million from early bird investors.

Currently, joining the presale in stage 7 offers a buying opportunity of $0.0281.

In the next stage, BPEP will rise to $0.0295 – continuing with this pace of price increments until it hits the final stage.

Want to learn more about Bitcoin Pepe? Visit the presale page.

The post AVAX, MNT, Bitcoin Pepe attract attention amid market dip appeared first on CoinJournal.

• Toncoin price surged more than 18% after Telegram founder Pavel Durov got approval to leave France.
• As the Telegram and Toncoin community celebrated, TON price rose to highs of $3.48.

Toncoin (TON) price rose sharply after Telegram founder Pavel Durov, who has been under judicial scrutiny in France, reportedly received permission to leave the country.

At the time of writing, TON, the native token of The Open Network, was up 18% at $3.48. The token traded as one of the top gainers in the past 24 hours, with daily volume rising 216% to over $514 million.

Durov’s latest legal-related news largely contributed to this scenario.

Telegram founder Durov allowed to travel to Dubai

Durov, indicted in Paris for complicity in criminal activities linked to his encrypted messaging platform, left Le Bourget Airport near Paris on Saturday. According to sources cited by a local news outlet, authorities had returned Durov’s passport.

The TON Foundation also confirmed the development, with permission granting Durov’s freedom to leave at his discretion.

Here’s what TON Foundation wrote on X:

“TON Foundation is delighted to learn that Pavel Durov’s passport has been returned to him by French authorities, granting him the freedom to leave the country at his discretion.”

Per the reports, the investigating judge overseeing Durov’s case accepted the request to modify the Telegram founder’s  judicial supervision. The court authorised Durov to exit France for “several weeks.”

Durov’s departure to Dubai, where Telegram is headquartered, follows months of stringent judicial oversight. This  includes a 5-million-euro bail, bi-weekly police check-ins, and a ban on leaving French territory. The Telegram founder has been in France since his arrest in August 2024.

The charges against him stem from allegations that Telegram has been used to facilitate organized crime, a claim Durov has contested, promising to enhance the platform’s moderation efforts.

TON’s upside comes after a broader market dip that saw Bitcoin (BTC) break under $80k. The top crypto trades above $84k though. The Toncoin price is seeing volatility similar to what happened in August when French authorities apprehended Durove.

While the altcoin remains well below the all-time high of $8.20 reached in June 2024, the nearly 20% uptick is great news for investors.

However, Durov is still expected to return to France after several weeks. In this case, the altcoin may experience notable volatility. Traders may need to be keen on overall crypto market conditions.

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• RedotPay announced it secured $40 million in Series A round led by Lightspeed, with HSG, Galaxy Ventures, and others joining.
• The crypo fintech, launched in 2023, plans to use the funds to accelerate the adoption of crypto payment solutions.

RedotPay, a crypto payment platform looking to bridge web3 and traditional finance, announced the completion of a $40 million Series A funding round.

Venture capital platform Lightspeed led the round, with this following their commitment in December 2024. RedotPay also attracted several top VC players for the round, including HSG, Galaxy Ventures, DST Global Partners, Accel, and Temasek-backed Vertex Ventures.

RedotPay eyes crypto payments adoption

Founded in April 2023, RedotPay has swiftly risen as a vital alternative for the unbanked, now serving over 3 million registered users worldwide.

The company aims to forge a borderless payment ecosystem, blending fiat and cryptocurrencies seamlessly. Its innovative approach allows users to spend digital assets with the ease of traditional payment methods, a strategy that has fueled its rapid adoption.

“Our team takes pride in empowering millions globally with financial access while bridging the gap between fiat and crypto,” said Michael Gao, co-founder and chief executive officer of RedotPay. “As we scale our platform capabilities, we look forward to partnering with Lightspeed, HSG, Galaxy, and our other strategic investors to expand our reach and accelerate financial empowerment worldwide.”

Lightspeed’s Pinn Lawjindakul, Partner, expressed enthusiasm for the collaboration:

With the fresh capital, RedotPay plans to enhance its ecosystem, boost compliance, and expand globally. “We don’t just build products. We solve real problems for our users,” Gao added, underscoring the platform’s impactful mission. PwC advised RedotPay on this financing round.

Earlier this year, RedotPay teamed up with Visa and StraitsX to launch a crypto credit card aimed at digital asset payments adoption in Singapore.

This milestone in February 2025 added to the company’s Virtual Asset Service Provider (VASP) registration in Lithuania. RedotPay’s full registration, obtained from Lithuania’s Financial Crime Investigation Service (FCIS) in December 2024, allowed RedotPay to formally enter the European market.

Notably, Binance Pay recently partnered with xMoney to expand crypto payments across the European Union.

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