Curve founder Michael Egorov has deposited 68 million CRV tokens ($35 million) to settle his entire debt position on DeFi lending platform Aave, according to blockchain analytics firm Lookonchain.
After depositing CRV, Egorov converted 10.77 million crvUSD to tether USDT$0.9988 to repay all of the debt on Aave.
CRV is currently trading at 53 cents having risen by 3.48% in the past 24-hours, according to CoinDesk data.
In August, Egorov raised $42 million through over-the-counter (OTC) sales of CRV tokens to pay off $80 million of on-chain debt, this came after a market-wide tumble in asset prices which put Egorov's CRV positions on DeFi lenders dangerously close to liquidation.
In the event of liquidation, Aave would have had to sell the CRV put up as collateral to the open market, which would have had a cascading effect due to a lack of liquidity.
Now, Egorov has 253.67 million CRV tokens ($132.52 million) in collateral and $42 million in debt across four DeFi lenders, according to Debank.
Aave enjoys strong network activity as the market experiences a bullish frenzy. AAVE bears may get a chance to take the wheel as the bulls take a break following an intense week. Now that the markets have been recovering after previously experiencing a low liquidity phase, DeFi demand is resuming. Aave [AAVE] has been benefitting especially in terms of utility and this is promising for its native token AAVE.
Is your portfolio green? Check out the AAVE Profit Calculator
Recent market analysis revealed a surge in Aave’s network activity in the last two days. This didn’t exactly come as a surprise considering the soaring demand for cryptocurrencies as observed in the bullish outcome during the last few days.
The observation reflected a surge in the number of transactions which stood at its highest levels observed in the last two weeks.
Using this tool to monitor tokens is really easy.
And I discovered there’s been a significant surge on the number of transactions on the AAVE blockchain in just 2 days.
Activities went up from 1.2k to 2.9k within the last two days.
This increment in Transaction number… pic.twitter.com/NDjnbS1yVZ
— Web3 Wonder (?’?) ₿ (@Onlywondergirl) October 24, 2023
The fact that Aave was experiencing strong network activity should technically fuel demand for AAVE. That appears to have been the case in the last few days given its robust rally.
Furthermore, last week we also observed a significant probability of AAVE breaking out of its wedge pattern. Fast forward to the present and that prediction was a bit too accurate.
Why a retracement could be on the cards AAVE exchanged hands at $84.65 at the time of writing. This price point was noteworthy because it represented a slight pullback from its recent monthly high. The retracement occurred after the price retested a resistance level previously observed in July.
Source: TradingView Additionally, the resistance retest suggested a significant probability that the price might extend its downside. This was further supported by the fact that the price recently pushed deep into overbought territory on both the Relative Strength Index (RSI) and the Money Flow Index (MFI). Furthermore, on-chain data also supported those expectations.
Interestingly, the latest pullback may have just saved some short sellers. This was because the pullback occurred just as the price was about to enter a peak liquidation zone. A bit more upside and short sellers would have experienced maximum pain above the $91 price level.
Source: Hyblock However, the whales could be the saving grace for short sellers. This was because on-chain data also indicated that there was a considerable amount of profit-taking from the whales. Most of the outflows observed were from addresses holding between 10,000 and 100,000 AAVE coins (green).
Source: Santiment How many are 1,10,100 AAVEs worth today
On the other hand, there was still a significant amount of accumulation coming from addresses with over 100,000 coins. This may explain why the pullback has been limited for now. In the meantime, it was worth considering the possibility that the market inclined in favor of the bulls. Hence, the possibility that AAVE could extend its rally.
Decentralized finance (DeFi) platform Aave has suspended operations in a number of markets after receiving a problem report on a certain function of the protocol.
DeFi Protocol Discovers Vulnerability; Is User Funds At Risk? On Saturday, November 4, decentralized lending protocol Aave announced – via a post on X (formerly Twitter) that it has paused the Aave V2 Ethereum market and suspended certain assets on Avalanche. In addition, the protocol has frozen specific assets on Aave V3 on Polygon, Arbitrum, and Optimism.
Today we received a report of an issue on a certain feature of the Aave Protocol. After validation by community developers, the guardian has taken the following temporary prevention measure (no funds are at risk):
— Aave (@aave) November 4, 2023
According to the protocol’s announcement, these actions serve as a temporary precautionary measure following a problem report on a specific feature.
Furthermore, Aave said in the post that the Aave V3 markets on Ethereum, Base, and Metis and the V2 markets on Polygon and Avalanche are unaffected. Meanwhile, no funds on any of the markets were at risk, according to DeFi lending protocol.
🚨🚨 🚨 On 11-04 17:38:35 UTC, Aave Guardian has taken necessary protection measurements to pause AaveV2 protocol (and all Aave pools are safe): https://t.co/3xJzfiejig
Given the protocol is “forked” by multiple third parties and the exact details are not disclosed yet, it is… pic.twitter.com/OkO1EZv6pW
— PeckShield Inc. (@peckshield) November 4, 2023
While Aave did not specify what the issue is or the feature that caused the problem, the protocol said it would release a detailed explanation once there is a full resolution. The statement read:
A governance proposal to restore the normal operation of the protocols will be submitted shortly. A detailed postmortem will be released once the issue is fully resolved.
Aave further clarified that users supplying or borrowing from a frozen assets pool can still withdraw and repay positions. However, these users can’t supply or borrow more funds from the frozen assets pool until the issue is resolved. The protocol added:
On paused assets, no action can be done until unpaused.
AAVE Price Remains Steady Despite Protocol Vulnerability There is no evidence to suggest that the problem has had any impact on the value of the protocol’s native token, AAVE. As of this writing, the token is valued at $90.15, reflecting a negligible 0.9% price dip in the past 24 hours.
Nevertheless, the token is outperforming on a bigger timeframe. Over the past week, AAVE’s price has swelled by more than 10%, touching the $100 mark – for the first time since February – at some point during the week.
Although the price of AAVE has been moving mostly sideways in the past few days, a resolution of the current issue might trigger renewed momentum for the token. Hence, there is a chance that the cryptocurrency might revisit $100 again, especially considering the optimistic climate of the crypto market.
AAVE price slows down upward momentum on the daily timeframe | Source: AAVEUSDT chart on TradingView Featured image from Binance Academy, chart from TradingView
Whale interest in AAVE rose as its price moved upward. Network Growth and velocity declined, which could affect the token in the future. Aave [AAVE] has had a tough time standing toe to toe with other prominent DeFi protocols in recent times. However, despite this, whales have shown an interest in the AAVE token.
Whales swim in As per Lookonchain’s data, a large crypto holder took out 70,000 AAVE worth $6.93 million from Binance [BNB] on the 7th of November. Over the past 24 hours, this whale had withdrawn a total of 140,100 AAVE, equivalent to $13.88 million, from Binance.
The whale withdrew another 70,000 $AAVE($6.93M) from #Binance 5 mins ago.
And has withdrawn a total of 140,100 $AAVE($13.88M) from #Binance in the past 24 hours.https://t.co/t0C1PjdqKM pic.twitter.com/vg21VK2NLg
— Lookonchain (@lookonchain) November 7, 2023
The significant withdrawal of tokens could have a widespread effect on Aave.
Positively, it might indicate that this whale investor has confidence in AAVE’s potential value, leading to a higher market price. However, such large withdrawals can also cause a temporary drop in AAVE’s price due to decreased liquidity.
On the negative side, such massive token movements can create price volatility and uncertainty in the market. It may also lead to concerns about centralization if a few large holders control a significant portion of AAVE tokens.
In the long run, Aave’s success relies on attracting a diverse user base, so extensive withdrawals by a single entity can raise concerns about decentralization and the health of the ecosystem.
As per AMBCrypto’s analysis, AAVE’s price action had been showing multiple higher highs and higher lows. This indicated that the price was slowly showcasing a bullish trend.
Moreover, at the time of writing, the token was trading at $95.972. However, the Network Growth of the token had fallen materially during this period. This implied that the new addresses were losing interest in AAVE.
If the trend continues, it would be hard for AAVE to break past its resistance levels.
The velocity of the token had also fallen. This suggested that the frequency at which AAVE was being traded had declined. The low velocity could be another factor that could hinder the progress of AAVE going forward.
Source: Santiment Realistic or not, here’s AAVE’s market cap in BTC’s terms
However, it was a positive sign that AAVE was able to maintain its bullish momentum, despite recent developments. Recently, Aave, faced a problem and had to halt certain markets on the 4th of November.
This issue affected different networks, including Aave V2 on Ethereum [ETH] and Avalanche [AVAX]. Also, assets on Polygon [MATIC], Arbitrum [ARB], and Optimism [OP] felt its impact.
Radiant Capital, a lending and borrowing protocol for users to borrow various assets across multiple chains, is rapidly closing in on Aave, looking at earnings data over the past six months.
Radiant Capital Earnings Rising: What’s The Trigger? According to Token Terminal statistics on November 8 shared by one user on X, @Flowslikeosmo, Radiant Capital generated $5.8 million in revenue despite a relatively lower level of liquidity than Aave. @Flowslikeosmo, who claims to be a crypto researcher, said Radiant Capital’s earnings will likely explode in the upcoming sessions, especially once the 2.8 million ARB begins to be deployed.
Radiant Capital earnings | Source: Token Terminal via @Flowslikeosmo on X Radiant Capital is a popular cross-chain decentralized money market through which users, regardless of their choice blockchain, can either lend their assets and earn passive income or borrow assets trustlessly. This way, the decentralized finance (DeFi) protocol has opened up liquidity and boosted access to multiple blockchains.
Related Reading: Dogecoin In Tight Zone: Why A Rally Will Happen If DOGE Clears $0.076
To perform effectively, the protocol relies on LayerZero, which enables trustless and decentralized communication between blockchains using Oracle Relays, allowing platforms to be more interconnected and ledgers to be more interoperable. As Radiant Capital offers services, the DeFi protocol generates earnings or revenue primarily from fees.
The platform charges a protocol fee on all transactions. Earnings from this allow the team to be operational while allowing the protocol to generate revenue.
However, it should be noted only 15% of this fee is used to cover operational expenditure, with the rest redistributed to users as yield. Besides, there are fees billed to users taking flash loans. The protocol rewards providers with RDNT to incentivize liquidity provision, depending on the amount provided and the duration locked.
ARB Airdrop, Will RNDT Rally To New 2023 Highs? Earnings generated depend on the activity level, directly influencing protocol fees accrued and the number of users taking flash loans. Following Radiant Capital’s recent announcement that it plans to airdrop 2 million ARB following the Arbitrum DAO‘s approval of a proposal first floated in late September, activity could skyrocket in the coming months, boosting earnings.
Moreover, the protocol’s liquidity is expected to increase with this approval. The ARB airdrop will be used to incentivize liquidity provision. Additionally, Radiant Capital will strike more partnerships, allowing it to expand to other chains, including Ethereum and Arbitrum.
Radiant Capital price trending upward on the daily chart | Source: RDNTUSDT on Binance, TradingView According to Dune Analytics data, the number of RDNT holders continues to rise, mirroring its general price performance. Thus far, RDNT is up 40% from October lows. The immediate resistance level at $0.33 must be broken for the coin to rally, even registering new 2023 highs.
An Aave whale now holds over 2% of the total circulation. AAVEs’ positive trend continues with an over 4% price increase. Recently, Aave has witnessed substantial individual accumulation from a prominent whale. Notably, this whale has achieved a remarkable record in terms of the total volume of the token they have amassed.
On the 9th of November, Spot On Chain detected a noteworthy transaction involving Aave. This transaction revealed that a whale had just withdrawn 64,557 AAVE tokens, with an approximate value of $6.7 million.
Further examination of the whale’s wallet unveiled that they had made withdrawals amounting to 338.794 tokens in the last two days, with a combined value of roughly $34 million.
As of the latest available information, this whale has become the largest individual holder of Aave tokens. The whale currently possesses 2.12% of the total token supply.
According to data from CoinMarketCap, the total supply of Aave tokens is reported to be 16 million.
Aave having a good run The daily timeframe chart revealed a strong upward price movement for Aave over the past 48 hours. As of the close of trading on 8th November, the price had surged by more than 2.7%, reaching approximately $1.4.
At the time of this update, the value had risen even further, surpassing $1.5 with a gain of over 4%.
Also, this recent price surge has driven the Relative Strength Index (RSI) into the overbought zone. This indicates significant buying pressure and a prevailing bullish trend.
Source: TradingView Additionally, an analysis of the Moving Average Convergence Divergence (MACD) revealed it was trending above zero. This alignment with the RSI’s bullish signal reinforces the overall positive sentiment in the market.
Is the derivative market also sharing this sentiment?
Positive sentiment on the derivative side? Based on data from Coinglass, the funding rate for Aave has reflected a positive sentiment among traders. The funding rate chart showed that traders were anticipating a future price increase, making the funding rate remain positive. At the time of this update, the funding rate was approximately 0.06%.
Realistic or not, here’s AAVE’s market cap in BTC terms
However, it’s worth noting that the chart also indicates a decline in the funding rate.
It suggests that fewer traders are taking long positions. This might be due to expectations of a price decrease or reduced overall interest in doing so.
Stani Kulechov, founder and CEO of Aave, in 2019. (CoinDesk)Lens Protocol, a decentralized social media platform a sister project to the lending protocol Aave, has released its "V2" upgrade on Polygon's main network – introducing a range of new features including multisig-managed profiles and tipping on "smart posts."
Lens is among a handful of blockchain-oriented startups aiming to capitalize on what experts have characterized as drawbacks of so-called "Web2" social-media platforms managed by big centralized companies such as Facebook and Elon Musk's X (formerly Twitter). "Web3" is the catch-all term for decentralizing these projects with blockchain technology.
“The goal of V1 was to bootstrap early Web3 social networks, resulting in creativity, experimentation and new discovery tools that benefited the Lens ecosystem," Aave founder Stani Kulechov, who also serves as CEO of Lens Protocol, said in a press release.
Lens V2, he said, moves "progressively towards a more modular" design, giving users "greater autonomy and flexibility" in their social media experiences. This could eventually include things like being able to move around your "social graph" (a term of art for your following and followers) between interactive platforms.
Unveiled in February 2022, the Lens project raised $15 million from investors including IDEO CoLab Ventures, General Catalyst, Blockchain Capital and Palm Tree as well as individual contributions from Uniswap CEO Hayden Adams, OpenSea co-founder Alex Atallah, entrepreneur Balaji Srinivasan and Polygon co-founder Sandeep Nailwal.
According to the press release, the Lens upgrade introduces new features including Profile Manager, which "allows Profiles to be managed by one or more persons, multisigs and DAOs," along with Handles, which creates another identity layer that distinguishes “profiles” from “handles” on the platform.”
Another feature is "Pay to read the rest" where developers can post previews of posts and then set payment options to read the entire piece, which seems to draw influence from the paid “subscriber” feature on X/Twitter. Lens "smart posts," another way to monetize content using the protocol, supports tipping, voting, subscribing and donating.
SponsoredUpdated Mar 8, 2024, 5:42 p.m. Published Nov 28, 2023, 10:42 p.m.
3 min read
Sometimes it takes a dictator to get things done in decentralized finance. At least, that seems to be the case for Aave's stablecoin GHO.
The asset, which has been valued at less than $1.00 for nearly all of its life, gained ground this week and rallied to $0.985 for the first time since August. Its volatile gains aren't doing anything to fix GHO's reputation as a not-so-stablecoin, but they do set the token close to the levels one might expect from an asset that's supposed to be worth a dollar – not $0.96.
The higher price price matches the target set by the hands-on DeFi engineer who insiders have called GHO's "benevolent temporary dictator," TokenBrice. This month the pseudonymous Frenchman took over the liquidity committee Aave tasked with restoring GHO's dollar peg. He then embarked on an "ambitious gamble" to at least get GHO halfway there by Nov. 30.
Getting GHO on peg is no easy task because the stablecoin doesn't work like others do. It lacks a redemption mechanism that usually ensures these assets maintain a lower bound. And the interest rate is controlled by Aave governance, another possible negative in borrowers' eyes.
TokenBrice's strategy focused on incentivizing buying support for GHO in a very targeted manner. This played out most critically on the DeFi protocol Maverick, an Automated Market Maker that offers more levers than other AMMs for controlling the liquidity of its pools.
"We are using, for the first f------ time ever in the history of Defi, liquidity shaping in an opinionated manner," TokenBrice said in an interview with CoinDesk. (He's also an advisor to Maverick).
"We don't just pay for liquidity and incentives somewhere, we pay for a very specific kind of liquidity that are biased toward the buying side, and it helps us create price support for buying pressure for GHO, and progressively push it upward."
In a Nov. 23 committee report, TokenBrice said Maverick's so-called Boosted Pools had decisive advantages for engineering liquidity compared to better-known DeFi trading stalwarts, like Uniswap.
"Far from being a panacea, the new AMM stands out as a solution to help stablecoins return to peg," TokenBrice wrote of Maverick in the report.
The Maverick solution has certainly worked for GHO, said Marc Zeller, a vocal member of the Aave community who leads the Aave Chan Initiative. He said there may be some conflicts of interests in TokenBrice implementing and singing the praises of a project he advised.
The GHO repeg "is a great ad for Maverick," Zeller said in an interview. "But let's say that from my & Aave DAO's point of view, that's a win win." He compared the situation to a "double edged sword: a failure would not have been great for Maverick."
Zeller said his ACI also had a hand in organizing the repeg. "We coordinated governance, increases to borrow rate & DAO deals."
There's more to come in GHO's road to $1, he said. For starters some Balancer pools have an excess of GHO token, and that needs to be addressed. And the token's total issuance has been capped at 35 million for months, limiting its ability to grow.
"Once we reach a critical mass of sane liquidity around peg, we will propose to the DAO a "Stop and GHO" approach to gradually increase the mint Cap of GHO allowing more assets in circulation and a virtuous circle of liquidity," Zeller said.
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Borrowing rates for USDC, one of the most liquid dollar-pegged stablecoin, remain high on Aave and Compound v2, two of the world’s top decentralized protocols. According to Kaiko, a blockchain analytics platform, rates have ranged from 4% to 15% on Aave and around 13% on Compound.
It should be noted that this surge is when the crypto and decentralized finance (DeFi) scene is recovering after an extended “winter” that froze participation.
USDC borrowing rates on Aave and Compound | Source: Kaiko on X Kaiko notes that the utilization rate for USDC on Aave has remained close to optimal levels, indicating steady demand for the stablecoin among borrowers, mainly in the second half of November. Looking at trends, it is evident that borrowing rates in Aave v2 have been stabilizing between 4% and 15% over the past week.
AAVE prices trending sideways on the daily chart | Source: AAVEUSDT on Binance, TradingView Meanwhile, on Compound v2, borrowing USDC has been more expensive than others, including USDT and DAI. The USDC borrowing rate is around 13%, much higher than borrowing Ethereum-based DAI or Tether Holding’s USDT.
There is no precise reason to explain this divergence. However, the reason why demand is varying could be multifaceted. One of the key reasons is that after depressed activity in the better part of 2022 and 2023, activity is expanding as total value locked (TVL) not only in Ethereum but in other chains, including Solana, shows.
DeFiLlama says the total TVL is around $47 billion, up from approximately $38 billion registered in mid-October. Subsequently, with rising demand, USDC holders will likely want more yield from willing borrowers.
DeFi TVL rising | Source: DeFiLlama Beyond this, increasing borrowing rates could be due to users averse to using centralized exchanges opting to secure a stablecoin that’s fully audited, publishing attestation statements regularly.
In the case of USDC, these attestations are independent audits that verify whether Circle, the issuer, holds sufficient reserves to back every token in circulation.
Are Bulls Ready To Lift Crypto Prices Higher? While the high borrowing rates for USDC may make it less attractive for some borrowers, it also highlights the strong demand for stablecoins and their growing importance in DeFi. In the crypto market, the demand for stablecoins, such as USDC, can indicate the start of a bull run.
Stablecoins provide a gateway into crypto. When there is a higher demand for these tokens, the chances of the crypto market rising also increase. As the crypto and DeFi scene matures, stablecoins like DAI and USDT are expected to play a critical role.
Feature image from Canva, chart from TradingView
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Dalmas is an experienced journalist with over a decade in Forex, general finance, technology, and blockchain developments. He is currently a crypto reporter for Bitcoinist, where he covers DeFi, blockchain, DeFi, and latest industry news. His work and that of his partners have been featured in top news outlets, including Forbes, investing.com, CoinTelegraph, and Entrepreneur, among others. He is passionate about technology and politics and is always on the lookout for the latest trends in these fields. He also loves spending time with his family and friends, exploring nature, and traveling to new places. Connect on X: @Dalmas_Ngetich, or message him directly on Telegram here: @Dalmas_Ngetich.
Updated Mar 8, 2024, 6:12 p.m. Published Dec 4, 2023, 2:12 p.m.
3 min read
Stani Kulechov (Mason Webb/CoinDesk)Stani Kulechov is the founder and CEO of Avara, the software development company behind decentralized finance (DeFi) protocol Aave; the stablecoin GHO, which launched this year; and the upstart Web3 social protocol, Lens Protocol, which recently arrived on the Polygon layer 2. The main Aave protocol upgraded to V3 this year, improving user accessibility and introducing security features.
Aave, a DeFi lending platform primarily based on the Ethereum blockchain, lets users take out instant loans denominated in cryptocurrency using other cryptocurrencies they own as collateral. It also allows users to lend out their crypto to earn returns. The smart contract-based system sets rules for how funds, collateral and fees are distributed and assessed, effectively creating a self-executing model of finance with few or no intermediaries.
This profile is part of CoinDesk's Most Influential 2023. For the full list,click here.
This isn't an easy time for DeFi players. The total value locked in DeFi protocols is about a quarter ($40 billion) of what it was at the height of the market in November 2021. Kulechov says the last year has been dedicated to building better infrastructure for DeFi, including improved accessibility and user interfaces to increase participation. "The amount of value, like, it really depends obviously on what's the need, for example, for liquidity," Kulechov told CoinDesk. "It depends on the opportunities in finance and how much there's actually access to participate as well." In other words, the amount of deposits or "total value locked" (TVL) on Aave is a function of the market as much as the performance of the technology itself.
Kulechov was born in 1991 in the former Soviet Republic of Estonia, before his family emigrated to Finland and settled in Helsinki amid the economic crisis that followed the Soviet Union's collapse. In 2015, while at Helsinki University School of Law, he came across Ethereum and started learning about smart contracts. Kulechov built "ETHLend," the precursor to the Aave Protocol, while in his dorm room at the same university. Kulechov now lives in London, where Avara is based.
In 2024, Kulechov expects to see further expansion of staking (which had a breakout year in 2023) and further integration of "real-world assets" including tokenized Treasuries and securities. He's also excited about Lens and decentralized social media, which he expects to build slowly but surely as more people turn away from centralized services like Twitter and start to control their own online data. "There's a lot of social capital that we create in our internet and in real life and Lens helps to preserve that capital in ownership directly for the users," he said. "It's still in the very early stages, but we already have that infrastructure of decentralized social media that is quite significant for our space."
Finally, Kulechov expects to see more talk of blockchain technology offering verifiability and tracking for artificial intelligence development. "I think we'll start to see how to govern AI from the perspective of using blockchain as well. I think that's another interesting area that gets less attention from our industry, and could be an interesting tool," he said.
Whales accumulated AAVE, signaling increased interest. Aave’s stablecoin GHO contributed to substantial annualized revenue. Aave [AAVE] witnessed heightened interest from whales, with a notable whale wallet “0x04e9” accumulating a substantial amount of AAVE in the past two days.
The wallet withdrew 74,250 AAVE ($7.6M) from Binance [BNB], signaling significant whale movement within the Aave ecosystem.
Whales move in The accumulation of AAVE by a prominent whale wallet indicates a growing attraction of large investors toward the token.
Such whale activity often serves as a precursor to potential market movements, making it a crucial aspect to monitor for Aave enthusiasts and investors.
The influx of whales into the Aave ecosystem can have significant implications for the token’s value and overall market dynamics.
Whale movements are closely watched for insights into market sentiment and potential future trends, raising questions about the trajectory of AAVE’s price.
Fresh whale wallet"0x04e9" accumulated $AAVE and $MKR again!
The wallet has withdrawn 74,250 $AAVE($7.6M) and 4,802 $MKR($6.8M) from #Binance in the past 2 days.https://t.co/TbOkgxxLXH pic.twitter.com/CMjeNCR1uC
— Lookonchain (@lookonchain) December 26, 2023
Stablecoins contribute as well Aave’s stablecoin, GHO also proved to be a lucrative asset for the platform. The stablecoin generated an annualized revenue of 2.1 million, and its peg was steadily improving.
If GHO continues to scale, the revenue for the Aave DAO is poised to experience substantial growth.
The Aave protocol is not only benefiting from GHO, but also thriving with other stablecoins. USD Coin [USDC], for instance, is offering a remarkable 26% annual percentage yield (APY) through Aave on the Avalanche [AVAX] network.
This attractive APY presents an opportunity for users to earn substantial returns on their stablecoin holdings, contributing to the overall growth and adoption of the Aave protocol.
Realistic or not, here’s AAVE’s market cap in BTC’s terms
Price movements tell a different story In terms of price, AAVE was trading at $99.32, experiencing a marginal decline of -1.04% in the last 24 hours.
Simultaneously, the network growth of AAVE witnessed a decrease, suggesting a potential waning interest from new addresses in the AAVE token. Only time will tell whether the price movements will mirror the protocol’s growth, going forward.
Decentralized non-custodial lending and borrowing protocol Aave is voting to onboard PayPal's PYUSD stablecoin issued by Paxos Trust Company.
In an ongoing governance vote, 99.98% of the participating AAVE token holders favor integrating PYUSD into AAVE's Ethereum-based pool. The voting on the proposal, termed temperature check, floated by Trident Digital on Dec. 18, will end later Thursday. The vote follows decentralized exchange Curve's December decision to host PYUSD.
PYUSD, the dollar-pegged stablecoin, came into existence in August and now has a market capitalization of $289 million, or 0.3% of industry leader tether’s $94 billion.
Aave is a decentralized finance protocol enabling users to lend and borrow funds without an intermediary. Per DappRadar, AAVE is the world's third-largest DeFi solution, with nearly $5 billion worth of crypto assets locked into the protocol.
Majority of the participating AAVE token holders favor PYUSD integration. (Aave)Trident’s proposal says that AAVE's integration of PYUSD will help build synergies with PayPal's stablecoin and strengthen the relationship between PYUSD and AAVE's decentralized multi-collateral stablecoin GHO.
Trident, which is incentivizing the PYUSD/USDC liquidity pool on Curve, will contribute $5 million to $10 million in liquidity for PYUSD on AAVE from day one, the firm said in the governance proposal chat.
"The idea is to keep yields quite high on Curve. This will create organic borrowing demand for PYUSD on AAVE. So while we don’t intend to provide direct incentives on AAVE we believe our overall incentive strategy will allow for borrowing demand on day 1," Trident said.
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On-chain data suggests that whales are accumulating large amounts of Maker (MKR) and Aave (AAVE), two leading decentralized finance (DeFi) tokens. This accumulation trend coincides with a broader cooling-off period in the crypto scene days after the United States Securities and Exchange Commission (SEC) approved 11 spot Bitcoin ETFs.
Whales Accumulate MKR And AAVE According to ScopeScan data, Anchorage Digital, a digital asset custody firm, purchased a significant amount of MKR on January 15. The firm acquired 12,103 MKR tokens, valued at approximately $24.7 million, from Coinbase, a leading crypto exchange in the United States.
Two whales, “0xbb5f” and “0x4a7,” also accumulated large quantities of MKR and AAVE. Specifically, “0xbb5f” bought 50,000 AAVE and 2,452 MKR worth around $5.03 million and $4.95 million from Binance, a leading cryptocurrency exchange. Meanwhile, 0x4a7 purchased 39,000 AAVE and 2,350 MKR, valued at approximately $3.95 million and $4.75 million, also from Binance.
Whales Accumulating Maker and Aave | Source: Scopescan These whale purchases signal a strong belief in the long-term potential of MKR and AAVE. Maker and Aave are two of the world’s leading decentralized lending and borrowing protocols across DeFi. MKR serves as the governance token for MakerDAO, which also manages the DAI decentralized stablecoin. On the other hand, AAVE is the governance token of Aave, a top decentralized lending platform.
According to the latest DeFiLlama data, Maker and Aave have total value locked (TVL) of over $8.4 billion and $7.3 billion, respectively.
Top DeFi protocols | Source: DeFiLlama Notably, whales are accumulating MKR and AAVE when the DeFi scene is recovering following the sharp contraction from 2022. The industry manages over $56 billion, with Ethereum hosting more liquid DeFi protocols, including Lido DAO when writing in mid-January 2024.
Will Maker and Aave Rally To New 2024 Highs On Recovering DeFi? Last year, MKR and AAVE were among the top-performing DeFi tokens, with MKR rising by over 200% and AAVE appreciating by more than 150%. Protocol-specific fundamentals, including the launch of Spark in Maker, partly drove this strong performance.
Aave launched the GHO stablecoin and the Lens protocol on the Ethereum sidechain, Polygon. Moreover, expectations of the spot Bitcoin ETF forced aggressive traders to consider top DeFi protocols, lifting altcoins.
Maker price trending upward on the daily chart | Source: MKRUSDT on Binance, TradingView As whales accumulate, there is more headroom for these tokens to grow. Presently, AAVE and MKR are lower, based on their respective performance in the daily chart. However, overly, the uptrend remains. To illustrate, MKR is within a bullish breakout formation with a critical support level of around $1,560. Any surge past $2,300 might ignite demand, lifting the token to new 2024 highs.
David is a finance journalist and a contributor to Cryptonews.com with a keen interest in breaking comprehensive, accurate, and reliable blockchain news.
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March 12, 2026
The official website for the Solana memecoin launchpad, Bonk Fun, has been hijacked. A malicious actor seized control of the domain on Wednesday (March 11), deploying a wallet drainer disguised as a standard interaction.
The platform’s team has issued an urgent warning: do not interact with the website until further notice. Users who connect their wallets and sign the current prompts face immediate theft of their assets.
A malicious actor has compromised the BONKfun domain, do not interact with the website until we have secured everything.
— BONK.fun (@bonkfun) March 12, 2026 As news of the BONK meme coin spreads, it has dropped nearly 1% over the past 24 hours, following a disastrous year in which the Solana meme coin lost -45% of its value.
It is a bad time for a platform hack, as the meme coin sector has enjoyed a +2.5% daily pump, taking the total market cap back above $32Bn, with tokens like DOGE, PEPE, Memecore, and SHIB all posting green candles.
SOURCE: TradingViewHow Did the Malicious Actor Breach the Bonk Fun Front-End?The attack vector exploits user trust rather than the blockchain infrastructure itself. According to X user SolportTom, the platform’s operator, hackers hijacked a team account to force a drainer onto the domain. This is not a smart contract failure; it is a front-end takeover.
Visitors to the site are currently greeted with a fake terms-of-service message. This pop-up, which mimics standard compliance requests, is the trigger mechanism.
To answer the concerns I’m seeing:
1. No if you connected to bonk fun in the past you’re not affected
2. No if you trade bonk fun tokens on terminals etc you’re not affected
3. The only people affected were people who signed a fake TOS message on the bonkfun domain after…
— Tom (@SolportTom) March 12, 2026 If you sign this request, the protocol grants the attacker permission to empty your wallet, and it will happen within seconds.
“A malicious actor has compromised the BONKfun domain,” the platform announced via its official X account. “Do not interact with the website until we have secured everything.”
How Much Has Been Drained and Who Is AffectedThe Bonk.fun team hasn’t confirmed how much was lost to the hack, but has stated that losses are “minimal,” attributing the low damage to the developers’ rapid detection.
Only users who interacted with the fraudulent terms-of-service prompt during the active hijack window were affected. However, the exact dollar figure verified by on-chain analysis remains pending.
🚨 AAVE ORACLE GLITCH TRIGGERS $26M IN WRONGFUL LIQUIDATIONS
A pricing oracle error on Aave caused about $26million in wstETH positions across 34 accounts to be unfairly liquidated after the system reported an incorrect exchange rate, with affected users set to be compensated. pic.twitter.com/qMbsAhQnnl
— Coin Bureau (@coinbureau) March 11, 2026 This incident mirrors broader risks in the sector, as an Aave oracle glitch triggered liquidations earlier this year due to interface and data anomalies.
While the mechanics differ, the result for user funds is identical: an unexpected loss due to a technical compromise.
Phishing attacks like this are becoming industrialized. According to Chainalysis, overall crypto scam losses reached approximately $17Bn in 2025.
The shift toward domain hijacking indicates attackers are bypassing protocol security to target the user interface directly.
EXPLORE: Best Crypto Presales to Buy in 2026
What Bonk.fun Users Need to Do Right NowIf you have visited Bonk.fun in the last 24 hours, assume your session security was compromised. Front-end attacks often bypass standard defenses, as the recent discovery by Ledger researchers of an Android flaw enabling wallet seed phrase theft demonstrates.
Take these steps immediately:
Disconnect your wallet: Remove Bonk.fun from your connected sites list in your wallet settings. Revoke approvals: Use a tool like Revoke.cash to revoke any recent permissions granted to Bonk.fun contracts. Check your history: Verify that no unauthorized transfers have occurred. “We understand a lot of people are scared and rightly so, but we’re doing everything in our power to fix the situation,” SolportTom wrote.
Users should now sit tight and wait for an official “all-clear” from the Bonk.fun X account before returning to the site.
If the site remains compromised for another 24 hours, user migration to rival launchpads like Pump.fun will likely accelerate, and Bonk.fun may struggle to regain whatever was left of its userbase.
If the team resolves the DNS hijack quickly and refunds the “minimal” losses, confidence may stabilize, but the pressure is now on the operators to prove the domain is safe.
DISCOVER: The 16 Best Meme Coins to Buy in March 2025
As per an earlier report by AMBCrypto, crypto hacks resulted in $112 million in losses across January and February 2026. Even though the crypto market suffered from low liquidity and poor performance across the board, hacking incidents have remained consistent.
Hackers hijack Bonk.fun domain planting wallet drainer On Thursday, the 12th of March, hackers hijacked the Bonk.fun domain and planted a wallet drainer on the memecoin’s launchpad.
Bonk.fun confirmed this hacking incident and stated that,
“A malicious actor has compromised the BONKfun domain.”
Following the incident. the Bonk.fun team warned users against further interaction with the site until it is secured. Tom, the team’s operator, explained that old and already active users were not affected.
Equally, the hack did not affect traders actively trading BONK tokens on terminals, which were also safe from the hacking. However, users who signed a fake TOS message on the main domain saw their funds drained.
Tom insisted that the team luckily noticed the incident quickly and avoided more losses, causing only minimal damage. At the same time, the team assured users that they are working to fix the situation with users’ needs as the top priority.
While users expressed their losses, no official report has been issued regarding the possible amount lost.
BONK faces further downside pressure The hacking incident did more harm to BONK, especially during this period of prolonged weakness. In fact, the mememecoin has traded within a descending channel through 2026.
Over the past day, for instance, Bonk [BONK] erased the little gains made over the past 2 days, touching a low of $0.00000582.
The memecoin’s downside risk strengthened as investors panicked and closed positions following the recent developments. According to Coinalyze, the memecoin recorded 176 billion in Sell Volume compared to 109 billion in Buy Volume on the 12th of March.
Source: Coinalyze As a result, the market recorded a negative delta of -67 billion, a clear sign of aggressive spot selling. On the derivatives side, even more bearishness emerged.
CoinGlass data showed that Derivatives Volume plummeted 33% to $10.7 million, while Open Interest fell 11% to $6.07 million. A drop in both OI and volume signaled reduced exposure and a surge in risk-off sentiment.
Source: CoinGlass Combined, increased bearishness in both spot and futures markets further weakened the market, leaving BONK exposed to further losses.
In fact, the memecoins’ Relative Strength Index (RSI) slightly retraced to 44, holding firmly within the bearish zone. Likewise, BONK fell below its moving averages, further validating the trend’s strength.
Source: TradingView Therefore, if the panic mode prolongs, especially driven by the hack incident, BONK could drop below $0.0000055. To withstand this market shock, BONK must remain above $0.0000060.
Final Summary Bonk.fun domain was compromised on 12 March after hackers planted a wallet drainer on the memecoin launchpad. The team warned users to avoid interacting with the site, though active BONK traders on terminals were not affected.
Security experts discovered malicious code on Bonk.fun that exposed users to potential wallet-draining attacks. However, security experts have expressed fears that users of decentralized sites remain vulnerable to phishing attacks due to a lack of interface security protections. The security vulnerability on Bonk.fun allowed malicious wallet drainer links to affect users who were not aware of the danger. Additionally, security experts detected the vulnerability after users encountered suspicious approval prompts while interacting with the Bonk.fun platform. The attacker injected malicious scripts to redirect users to phishing sites that demanded approvals from their connected wallets. These approvals allowed the malicious programs to drain the users’ tokens automatically from their wallets to the attacker’s addresses.
The exploit raised several concerns in the Solana ecosystem. The Bonk.fun is a site that interacts with the trading of meme tokens and the Decentralized Finance community. The attackers tried to deceive users by mimicking reward claims and token distribution through malicious interface changes. After the users accepted the request, the drainer would drain the assets from the users’ wallets within a matter of seconds.
The official X post of Bonk.fun said, “A malicious actor has compromised the BONKfun domain. Do not interact with the website until we have secured everything.”
A malicious actor has compromised the BONKfun domain, do not interact with the website until we have secured everything.
— BONK.fun (@bonkfun) March 12, 2026 Platform Response and Community Warnings The developer community reacted quickly after the news became public. And immediately removed the malicious scripts that affected the Bonk.fun interface. The developer team immediately reviewed all integrations and external scripts associated with the interface that attackers might have exploited. The platform operators immediately alerted users to revoke any approvals made by malicious tokens. And to avoid clicking on unknown links shared in crypto-related groups. Blockchain investigators are closely monitoring the attacker’s wallets and all transactions associated with the exploit campaign.
Tom, the operator of Bonk.fun explained the issue on his X post. He expressed his answers saying, “We understand a lot of people are scared and rightly so, but we’re doing everything in our power to fix the situation.”
To answer the concerns I’m seeing:
1. No if you connected to bonk fun in the past you’re not affected
2. No if you trade bonk fun tokens on terminals etc you’re not affected
3. The only people affected were people who signed a fake TOS message on the bonkfun domain after…
— Tom (@SolportTom) March 12, 2026 The crypto market took the incident seriously, as security vulnerabilities are a major concern for investors and affect the overall market sentiment. Meanwhile, market sentiment toward new meme token markets remained cautious. However, analysts argued that the quick response from the developer community could help limit potential damage. The potential damage that might be caused by a security incident involving a decentralized interface. The users of the Bonk interface alerted each other through social media networks, warning them of the phishing approvals that are being made by malicious tokens associated with the interface.
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The team behind BONK.fun, a meme-coin platform built around the Bonk ecosystem, has warned users not to interact with its website after a malicious actor compromised the project’s domain.
In a post on X on 12 March, the platform said a “malicious actor has compromised the BONKfun domain.” It urged users to avoid the website until the issue is fully resolved.
Source: X The team did not immediately provide details about the nature of the breach or the number of users potentially affected.
Attack reportedly used fake signature prompt Blockchain analytics platform Bubblemaps said the attacker appeared to gain control of the BONK.fun website. They then used it to display a malicious prompt designed to trick users into signing a fraudulent transaction.
According to the firm, victims were presented with what appeared to be a legitimate terms-of-service signature request. However, signing the message allowed attackers to drain funds from connected wallets.
Such attacks typically involve front-end compromises rather than vulnerabilities in smart contracts themselves, exploiting user interactions with decentralized application interfaces.
Investigators link multiple addresses to attacker Bubblemaps said it identified 13 wallet addresses linked to the attacker, based on on-chain activity connected to the exploit.
The analytics platform estimated that about 35 users were affected, with roughly $23,000 in cryptocurrency stolen so far.
However, Bubblemaps noted that these figures are based on publicly available blockchain data and user reports, adding that some victims have claimed higher losses that have not yet been confirmed through on-chain analysis.
Incident highlights ongoing phishing risks in crypto Domain compromises and phishing prompts remain a persistent threat in the cryptocurrency ecosystem.
Rather than exploiting vulnerabilities in blockchain protocols, attackers often target website infrastructure or user interfaces. They trick users into signing transactions that grant wallet permissions or transfer assets.
BONK.fun said it is working to secure the compromised domain and urged users to wait for an official announcement before interacting with the platform again.
The incident comes amid continued growth in meme-coin activity on the Solana network, where platforms like BONK.fun allow users to create and trade community tokens.
Final Summary The team behind BONK.fun warned users after its website domain was compromised, allowing attackers to deploy a phishing prompt that drained connected wallets. Bubblemaps said roughly 35 users were affected and about $23K stolen, though the figures are based on public on-chain data and user reports and may change as the investigation continues.
Solana will be joining the Mastercard Crypto Partner Program with an aim to bring digital payments into everyday use. As confirmed in a post on X by Solana Payments, the firm has joined more than 85 crypto firms focusing on bringing clear payment solutions.
Despite this development, the price of Solana (SOL) remained red on March 12. However, market participants are now rotating into DeepSnitch AI (DSNT) as the DeepSnitch AI price prediction for 2026 points to a breakout towards $14.
DeepSnitch AI is a market analytics and prediction platform capitalizing on AI to provide retail investors with actionable insights. This crypto, now in presale, is priced at $0.04399. DeepSnitch AI has accumulated more than $2.1 million, as interest continues to grow day-by-day.
Solana joins Mastercard’s crypto partner program in a bid to boost payments Table of Contents
Solana joins Mastercard’s crypto partner program in a bid to boost paymentsDeepSnitch AI price prediction for 2026 as Bonk gets hacked1. DeepSnitch AI prediction 2026: Is DSNT set for a rally to $14?2. Midnight price prediction for 20263. Bonk price prediction as Bonk.fun gets hackedFinal verdictFAQs1. How high will DeepSnitch AI go in 2026?2. Is DeepSnitch AI legit?3. Is DeepSnitch AI a good investment? The Mastercard Crypto Partner Program brings together top crypto entities looking to work together to bring effective payment solutions. By joining the program, Solana will be a part of a shared platform where expertise flows both ways, bridging on-chain solutions with everyday commerce.
Currently, Solana can process up to 65,000 transactions per second. However, the network aims to continue building sustainable growth for digital asset use cases. Other notable firms on the program include the likes of Binance, Ripple, and PayPal.
DeepSnitch AI price prediction for 2026 as Bonk gets hacked 1. DeepSnitch AI prediction 2026: Is DSNT set for a rally to $14? Artificial intelligence is here to stay, especially in crypto. AI agents introduce speed and accuracy in a sector where they matter the most. As you know, one moment a coin may be up, the next, it’s crashing.
DeepSnitch AI understands that fully, and that’s why SnitchFeed, SnitchCast, SnitchGPT, SnitchScan, and AuditSnitch were developed to offer you a helping hand. These tools flag sentiment shifts, potential risks, gems, and FUD changes. Interestingly, these tools are all found under one roof.
However, DeepSnitch AI is not a one-size-fits-all. Instead, each tool has a distinct purpose. But together, the tools combine to make DYOR easier, turning crypto trading into a lucrative venture.
Because of its clear value, DeepSnitch AI is experiencing significant bullish sentiment, with a bullish DeepSnitch AI price prediction. The forecasts suggest that a 300x rally could materialize.
According to the DeepSnitch AI token outlook, DSNT is now priced at $0.04399. A 300x rally could push the DeepSnitch AI future price to $14. This could turn even $1,000 into a huge portfolio.
2. Midnight price prediction for 2026 Midnight (NIGHT) traded at $0.04739 on March 12, following a 1.9% surge on the day. However, NIGHT is down by 21% over the past 7 days, signaling this crypto could be fading out.
According to the daily chart on TradingView, Midnight is plummeting towards a key support zone around $0.04382. If this level breaks, NIGHT could slide further. However, a surge past $0.06215 could invalidate the bearish Midnight price prediction.
3. Bonk price prediction as Bonk.fun gets hacked Bonk.fun, a community-driven Solana token issuance platform backed by Raydium and the BONK, was hacked on Thursday as malicious individuals installed wallet drainers on the official website. While the team moved swiftly to warn users, the news spread across the market.
However, the incident did not have much impact on the BONK token. Bonk traded at $0.000005977, down by 1.1% on the weekly timeframe and 0.7% over the past 24 hours. The latest Bonk price prediction shows that Bonk could continue to face bearish pressure as the MACD remains bearish.
Final verdict The DeepSnitch AI price prediction for 2026 is bullish, while Bonk and Midnight face bearish pressure. Stemming from the bullish sentiment, the DeepSnitch AI future price may reach $14.
Such a move would mean actualization of the 300x rally, as rumors swirl. DeepSnitch AI could launch soon, hence now is the right time to buy this 2026 runner.
Visit the official website for more information, and join X and Telegram for community updates.
FAQs 1. How high will DeepSnitch AI go in 2026? The DeepSnitch AI token outlook shows that DeepSnitch AI is very bullish. Once launched, this crypto is expected to rally to $14 this year, as indicated by the ‘DeepSnitch AI prediction 2026’.
2. Is DeepSnitch AI legit? Yes, DeepSnitch AI is a legit crypto, audited by SOLIDProof and Coinsult. This year, the DeepSnitch AI price prediction highlights a potential 300x rally.
3. Is DeepSnitch AI a good investment? The DeepSnitch AI future price is expected to reach above $14. This positions DSNT as the best crypto presale to purchase if you are chasing substantial returns.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Shiba Inu, Bonk, and Remittix draw investor comparisons as markets weigh meme momentum against real-world utility.
Summary
Remittix raises $29.7m as it builds cross-border crypto-to-fiat payment infrastructure. Remittix wallet launches on the Apple App Store with support for 40+ cryptocurrencies. RTX token listings confirmed on BitMart and LBank ahead of launch. Shiba Inu coin, Bonk, and Remittix represent three very different types of crypto assets, yet they keep appearing in the same conversations across the crypto market in 2026. Two of them built their followings on meme culture and community momentum. One is building payment infrastructure designed for real-world use.
For crypto investors asking which of these actually carries utility beyond speculation, the answer requires looking at what each project does, not just what its price is doing. The comparison is worth making carefully, and Remittix stands out clearly when utility is the measure.
Shiba Inu Price and what SHIB is today Shiba Inu coin is currently priced at 0.0000061, down 4.68% over 24 hours. The Shiba Inu market cap sits at $3.61 billion, with SHIB trading volume at $154 million, which reflects reduced retail activity across meme-focused digital assets in the current market environment.
A detailed SHIB technical analysis on CoinMarketCap from analyst @cexscan describes the Shiba Inu price as exhibiting neutral to slightly bullish short-term sentiment. The SHIB price is trying to go up by breaking the consolidation phase, but the overall trend is still unclear. The buying and selling pressure is at the same level. The Shiba Inu coin price is still unclear.
The news regarding the Shiba Inu token has been revolving around the development of the Shibarium network. The Shibarium network is considered to be the Layer 2 network of the Shiba Inu coin.
The transactions on the Shibarium network are cheaper compared to the Ethereum network. The Shiba Inu token has been having on-chain activity since the launch of the Shibarium network.
The ShibaSwap exchange provides the decentralized exchange component of the Shiba Inu coin. The staking of the SHIB coin is also possible. The Shiba Inu coin has seen the development of the network compared to other meme coins. The SHIB price is still largely dependent on the overall meme coin market.
Bonk Coin: What the BONK token offers Bonk is priced at $0.00000599, down 1.09% over 24 hours. The Bonk market cap stands at $525.66 million, with trading volume at $39.59 million, down 57.92%.
A BONK technical overview on CoinMarketCap identifies a potential move higher from the current base zone, with a target toward $0.00000621 if bullish indicators continue to develop.
The analyst notes that a sweep below the lower support zone, followed by a clear rejection, would represent the safest entry confirmation. However, there are risks if the price goes below the $0.00000514 level.
Bonk was founded as a token based on the Solana blockchain and focused on offering low gas fee alternatives within the Solana ecosystem. The tokenomics were based on the distribution of the token to the Solana community rather than the allocation of funds through the venture capital route.
Bonk has since been integrated into various Solana-based dApps and decentralized exchanges, adding some functional utility. Liquidity on Bonk has been variable, and like most meme coins, its price action is more correlated with crypto market sentiment than with measurable product adoption.
Why Remittix leads on real utility Remittix operates in an entirely different category. The project is not built on community speculation or meme culture. It is built to solve a specific, measurable problem: moving money across borders using cryptocurrency, without requiring the recipient to hold or manage digital assets.
The Remittix wallet is live on the Apple App Store, allowing users to store, send, and manage over 40 cryptocurrencies today. The next phase brings crypto-to-fiat functionality, enabling direct transfers to bank accounts in more than 30 countries with real-time FX conversion.
This targets the $19 trillion global payments market, a sector where blockchain technology has faced significant adoption barriers due to friction and complexity. Remittix is designed to remove both.
The project has raised $29.7 million in private funding, with RTX priced at $0.13 per token. It holds a CertiK number one ranking for pre-launch tokens, with the team fully KYC verified on CertiK Skynet.
Listings on BitMart and LBank are confirmed for the token launch, and crypto investors tracking RTX ahead of its exchange debut are pointing to it as one of the best altcoins to buy now among projects with confirmed product milestones before their token goes live.
What separates Remittix from meme tokens:
Live wallet on App Store, real product available today Crypto-to-bank payments in 30+ countries at launch Supports 40+ cryptocurrencies with real-time FX conversion CertiK audited, team fully KYC verified $29.7M raised from private funding, token sale closing Utility wins the long game Shiba Inu coin and Bonk have both demonstrated that community energy can sustain a token through multiple market cycles. SHIB price and BONK price movements continue to attract traders who understand meme coin dynamics.
Remittix occupies a separate space entirely for those seeking crypto with real utility, a working product, and infrastructure designed for mass adoption. The token sale is in its final stretch, and the project enters its exchange debut with a live wallet, a verified team, and confirmed listings already secured.
For more information, visit the official website or socials.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
Meme coins have returned to public attention. The US-Iran war caused two weeks of market instability, which affected Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and Bonk (BONK) tokens. But today they show a strong recovery.
The current meme coin surge happens during a period when the entire crypto market shows upward movement. The crypto market experiences positive trends, with Bitcoin, Ethereum, and XRP showing substantial price increases.
Understanding the Latest Rally in Meme Coins The meme coin market is currently in the green zone, sparking widespread optimism. According to CoinMarketCap data, meme coins have surged to a market cap of $33.31 billion, marking a significant surge of about 12% in just a day.
Meme Coins Surge; Source: CoinMarketCap Dogecoin Price Up 4% The DOGE price currently stands at $0.1003. The price has increased 4.5% during the day, 10% during the week, and 3% during the month. The 24-hour trading volume has increased by 125% and now reaches $1.73 billion. Geopolitical realities still hanging, Dogecoin is gathering around for a new look.
Shiba Inu Price Soars 7% The dog-themed Shiba Inu price experiences a more notable uptrend in a day. Currently trading at $0.000006237, the token has surged by about 7% over the last 24 hours. Despite a 3% monthly decline, 16% weekly gain. With a 99% daily spike, the trading volume has also jumped to $153 million.
Pepe Coin Price Jumps 17% Meanwhile, the PEPE meme coin is up by a massive 17% in a single day. The token is currently trading at $0.000003974, up 22% and 3% in a week and a month, respectively. Traders are showing increased optimism in the token, which is evident from the 287% spike in the daily trading volume, currently $790 million.
BONK Surges Price 10% At the same time, the BONK token price has surged by 10% in a day. Trading at $0.000006547, the meme coin has seen notable upticks of 15% and 3% upticks in a week and a month, respectively. The trading volume is also up by a staggering 228%, reaching $131 million.
This rally comes following the meme coin market’s recent decline amid the US-Iran conflicts. Top meme tokens like DOGE, SHIB, and PEPE had been experiencing severe pressure as the crypto market plunged amid the Middle East crisis. Now, these tokens are experiencing a fresh surge, sparking renewed interest. But what’s leading this rally?
Why are DOGE, SHIB, PEPE, and BONK Up? The present meme coin market rise occurs because the overall crypto market experiences strong positive momentum. The US-Iran conflict continues, yet Bitcoin has grown substantially, which has brought its value back to previous market levels.
The primary cause of this situation stems from an outbreak of short liquidations that compelled bearish traders to repurchase memecoins. The buying power of large holders amplified this action. The meme coin market displays strong upward movement, which drives investors to purchase DOGE, SHIB, PEPE, and BONK.
Editor’s Note: The headline in this story has been updated for accuracy.
Dogecoin’s (CRYPTO: DOGE) official X account celebrated St. Patrick’s Day on Tuesday with a fun post featuring its Shiba Inu mascot decked out in green.
Canines In Festive Mood The X post showed an adorable Shiba Inu dressed up as a leprechaun, a supernatural being from Irish folklore. The dog is sitting over a pot overflowing with gold coins with the Dogecoin logo.
“Much gold, very lucky,” the post read, symbolizes luck and prosperity.
Other memecoin ecosystems joined the celebration as well.
Floki (CRYPTO: FLOKI) wrote, “Celebrating luck, community, and the journey… with FLOKI at the heart of it,” quoting a post by Elon Musk showing three dogs adorned in green leprechaun hats.
It’s worth noting that Floki draws its name from Musk’s Shiba Inu, and a dog in the picture could well be that one.
Bonk (CRYPTO: BONK) shared an animated video showing the BONK dog mascot as a leprechaun dancing on a pot of gold.
“Happy St. Patrick's Day from The Dog. Hope you're wearing green today,” Bonk wished its community.
Bonk’s price surged 7.42% in the past 24 hours, capturing the festive mood, while Floki and Dogecoin dipped in sync with the broader market pullback.
St. Patrick’s Day is a religious and cultural holiday and is widely celebrated in places with a large Irish diaspora, including the U.S.
Photo Courtesy: Akif CUBUK on Shutterstock.com
Market News and Data brought to you by Benzinga APIs
The Bonk price prediction is heating up after BONK posted $10.44 million in Q1 2026 revenue, up 45% from last quarter, with 472 million tokens burned through buybacks per CoinMarketCap.
LetsBonk.fun brought in over 70% of that income on its own, and the Solana meme coin now earns more than many mid-cap DeFi projects. Solana itself cleared $1 trillion in Q1 activity per CoinGecko, and every token on the chain rides that wave.
But BONK still sits 90% below its peak, and Solana trades 71% under its all-time high. The Bonk price prediction shows both coins need months of steady buying just to double. Pepeto raised $9.4 million at $0.0000001866 because early wallets are not waiting for slow recoveries, they target the gap between presale cost and a confirmed Binance listing that could close any day.
BONK earned more in Q1 2026 than most meme coins earn in a full year, with 51% of all fees going straight into token buybacks per CoinMarketCap. The 472 million tokens burned cut into the sell side, and the team paid back 110% to users hit by a recent security issue, a trust move almost no meme project makes.
This Bonk price prediction data shifts the story from hype to real income. But BONK at $0.0000064 still needs the full meme sector to turn before revenue lifts the chart past resistance.
Bonk Price Prediction, Solana, Pepeto, and the Best Meme Coin Entry for 2026 Table of Contents
Bonk Price Prediction, Solana, Pepeto, and the Best Meme Coin Entry for 2026Pepeto: The Working Exchange That Ships Before the Binance Listing OpensBonk (BONK) Price at $0.0000064 as Q1 Revenue Jumps 45% but the Chart Stays FlatSolana (SOL) Price at $88 as $1 Trillion in Q1 Activity Fails to Move the PriceConclusionFAQs Pepeto: The Working Exchange That Ships Before the Binance Listing Opens BONK took three years to reach $10.44 million in quarterly income. Pepeto already runs a zero-fee exchange and raised $9.4 million before a single trade hits Binance. The bridge moves tokens across Ethereum, BNB Chain, and Solana at zero gas.
The AI risk tool checks every token before a wallet puts money in. SolidProof signed off on all contracts before the presale went live.
The person who built Pepe from nothing into an $11 billion market cap leads the project, and a senior Binance executive handles the exchange side. Staking at 179% APY locks tokens away from the open market while more buyers keep coming in.
BONK turned $100 into $39,000 between its 2022 launch and its 2024 peak. Pepeto sits at that same early price right now, and the confirmed Binance debut is exactly how the biggest meme coin wins always start.
Bonk (BONK) Price at $0.0000064 as Q1 Revenue Jumps 45% but the Chart Stays Flat Bonk (BONK) trades at $0.0000064 on April 22, sitting 90% below its $0.0000583 all-time high per CoinMarketCap. The Q1 revenue of $10.44 million and 472 million burned tokens give BONK a case most meme coins do not have.
But resistance sits at $0.0000065, support holds at $0.0000055, and CoinCodex calls the outlook bearish through mid-2026. A rally to $0.000012 only doubles the entry, strong but small next to what a presale-to-listing move can deliver in a single day.
Solana (SOL) Price at $88 as $1 Trillion in Q1 Activity Fails to Move the Price Solana (SOL) trades near $88 on April 22, down 71% from its $293 all-time high per CoinMarketCap. The chain handled $1 trillion in Q1 activity, hit $650 billion in February volume alone, and now holds $2 billion in real-world assets on chain.
At $49 billion in market cap, a run to $160 still only doubles from here, and SOL needs months of buying to match the returns one listing day gives a presale wallet.
Conclusion BONK earning $10.44 million a quarter and burning 472 million tokens proves meme coins with real income deserve a closer look, and Solana running the busiest network on the planet backs every project on the chain.
But doubling from $49 billion takes months that presale entries skip entirely. Every Bonk price prediction points to a long recovery, but wallets keep entering through the Pepeto official website because BONK turned $100 into $39,000 from launch, and Pepeto holds that same early window at $0.0000001866 with a confirmed Binance listing that gets closer every day.
Click To Visit Pepeto Website To Enter The Presale
FAQs What is the Bonk price prediction for 2026 after Q1 revenue hit $10.44 million?
Bonk (BONK) trades at $0.0000064, still 90% below its peak, with resistance at $0.0000065 and bearish signals through mid-2026 per CoinCodex. The $10.44 million in Q1 revenue and 472 million burned tokens show real strength, but the Bonk price prediction still needs a wider meme coin rotation to break higher.
Why is Pepeto getting attention from Bonk and Solana holders right now?
Pepeto is priced at $0.0000001866 with $9.4 million raised and a confirmed Binance listing ahead. BONK went from $0.0000001487 to $0.0000583 in two years, and Pepeto sits at that same early stage with a live exchange, SolidProof audit, and the Pepe founder running the build.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
The era of competition among meme coins based on community size and viral nature is over, and there comes a time when the difference among these meme coins is based on ecosystem design and technical superiority, among others. There are different projects that have managed to stand out during this evolution, such as Little Pepe ($LILPEPE) and Bonk, which take different paths in order to be successful in the meme coin industry. This is a step towards comprehending their differences.
Bonk: Momentum on the Solana Platform Bonk is among the most well-known meme coins whose popularity has been fueled by the speed of transactions and the minimal cost involved in Solana network operations. The success of Bonk has been attributed to the involvement of the community in many applications on the Solana platform. Bonk’s liquidity has been maintained through decentralization and other applications using the Solana network. Despite being among the popular meme coins, the growth path of Bonk is now dependent on market trends, as it has grown to an advanced stage, unlike new meme coins.
Little Pepe: Layer 2 Strategy and Early-Stage Advantage Little Pepe is in its presale stage, providing an entirely different value proposition focused on early access and better upside potential. It is progressing in its journey to reach its end, which is marked by an increase in total funds exceeding $28 million, with Stage 13 and 14 costing $0.0022 and $0.0023, respectively. The only differentiating factor between Project X and any other project lies in the fact that it provides a fast and cost-effective Layer 2 network based on the Ethereum blockchain. Furthermore, some more benefits of the ecosystem include tax-free trading, an anti-bot mechanism, staking rewards, a meme launchpad, and DAO governance.
Incentives and Growing Investor Participation Incentive programs are yet another way that Little Pepe has employed to foster engagement as it enters the presale period. An already running giveaway involving a sum total of $777,000 in prizes, whereby ten people win $77,000 in LILPEPE tokens each, is available to everyone who decides to participate. Also, the team promises to award 15+ ETH as a prize to the three top buyers in the last days of the presale.
There is a significant distinction between the two coins, which reflects the two approaches that exist within the meme token universe. Bonk is a proven ecosystem-backed coin with good community support, while Little Pepe is still in its nascent stages and focuses on scalability and utility. With more and more people becoming interested in space, both these tokens can see a great surge in demand in the coming period.
For more information about Little Pepe, visit the links below:
Website: https://littlepepe.com/ Twitter/X: https://x.com/littlepepetoken Telegram: https://t.me/littlepepetoken Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.
Crypto KOL "Bonk Guy" went long on UELESS on the Lighter platform and is currently showing a profit of $200,000.
PANews reported on May 13th that, according to Arkham monitoring, crypto KOL "Bonk Guy" went long on the USELESS token on the Lighter platform when its market capitalization was $40 million, and has currently made a floating profit of $200,000. Previously, he held an eight-figure long position in BONK and $20 million in on-chain assets on Bybit, but lost it all on October 10th last year.
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PANews reported on May 14th that, according to The Block, Solana treasury company DeFi Development Corp reported a 108% increase in its SOL holdings over the past year, from 0.0322 to 0.0670, despite widening losses in the first quarter. As of May 13th, the company held approximately 2.2946 million SOL and its equivalent. CEO Joseph Onorati stated that the company achieved growth through strategies such as internal staking, operating joint validator nodes in partnership with Bonk, and deploying over 25% of its treasury on-chain, believing that Strategy is a starting point, not a ceiling. The company's first-quarter revenue was $2.66 million, an 827% year-over-year increase, but its net loss was $83.4 million, compared to $778,000 in the same period last year, primarily due to the decline in SOL price. The company reiterated its target of 0.075 SOL per share by June 2026 and 1.0 SOL by December 2028. DFDV's stock price fell 3.13% to $4.65 on Wednesday, a cumulative decline of 64% over the past year.
The Bonk price shows a token still waiting for a catalyst that has not arrived, with BONK trading at $0.0000071 and sitting 88% below its November 2024 peak. Tuttle Capital filed a 2x leveraged BONK ETF while Bonk Holdings on Nasdaq targets $115 million in reserves, but even those moves cannot close a gap that wide.
Pepeto has collected nearly $10 million in presale with an exchange already processing trades and a Binance listing approaching, and analysts project 100x to 300x from the current entry.
CoinDesk reported that Tuttle Capital filed a 2x leveraged BONK ETF, and Bonk Holdings on Nasdaq targets $115 million in reserves by year end. CoinMarketCap shows BONK at $0.0000071 with a $673 million market cap.
The institutional interest is real, but the Bonk price still sits 88% below its peak, and recovery from that depth moves in percentages that presale tokens can match in a single listing day.
BONK ETF Filing, Pepeto, and Where Meme Coin Returns Split Table of Contents
BONK ETF Filing, Pepeto, and Where Meme Coin Returns SplitPepetoBonk Price PredictionThe Final Word Pepeto The BONK recovery struggle shows what happens when a meme coin runs on hype alone, and Pepeto answers that with a live exchange, a cross chain bridge linking Ethereum, BNB Chain, and Solana at zero cost, and a contract risk scanner that catches problems before capital goes in.
Nearly $10 million collected during fear proves the gap between a plan and a working result that wallets already trust with real money, and that trust keeps growing because each presale stage fills faster than the last while BONK needs years of steady buying just to close an 88% gap.
The team behind that momentum includes a former Binance expert and the person who built the original Pepe coin to $11 billion on the same 420 trillion token model and no utility behind it. SolidProof covers every contract, staking pays 173% APY before listing, and the Pepeto presale sits at $0.0000001868 right now. The zero fee exchange means every trade after listing feeds volume directly back into the token instead of leaking value to gas costs, and that is the kind of built in buying pressure that BONK never had and still does not have at $0.0000071.
The CoinMarketCap listing page went active in May, a signal that only appears when trading is near, and the sale ends without warning the second the allocation runs out, so the wallets entering now are building positions at a price that the rest of the market will never see again. One wallet put $8,000 into Shiba Inu in January 2021 and cashed out $9 million by August according to CNN, and with the level of demand flowing into Pepeto, analysts see the same kind of return setup forming for presale holders right now.
Bonk Price Prediction BONK sits at $0.0000071 per CoinMarketCap, 88% below its $0.00005898 all time high. Changelly projects a 2026 ceiling near $0.0000154, while Coinpedia maps a high of $0.000033 if the Bonk price reclaims resistance.
The best case gives roughly 4x on the year, solid for a meme coin but nowhere near what a presale to listing event delivers.
The Final Word Pepeto was built with timing that fits this cycle perfectly, where meme coins fight to recover and the smartest capital finds the one that shipped what others still promise.
The cofounder proved this math works once before, taking Pepe coin to $11 billion with zero products and the same 420 trillion supply, and repeating that from the current presale price is over 150x with a working exchange and real trading tools behind it this time.
The Bonk price tells the story of a meme coin trapped in recovery mode, waiting for a second chance that keeps getting pushed further out, while Pepeto offers that chance right now at a price that vanishes forever the day the listing goes live.
Entering the presale is betting on a pattern that already delivered generational returns once, and the wallets inside right now are the ones that will look back on this entry the way early Pepe holders look back on theirs, knowing that the only real mistake was not buying more. The Pepeto official website is where that entry exists for a few more days, and the listing could come at any moment because the remaining allocation shrinks with every wallet that enters.
Click To Visit Pepeto Website To Enter The Presale
FAQs:
Why is the Bonk price struggling to recover from its 88% drop?
The Bonk price struggles because BONK depends on hype cycles without exchange tools. Recovery from 88% takes quarters that presale tokens skip through a listing event.
Can Pepeto deliver better returns than Bonk price recovery in 2026?
Pepeto can deliver better returns than Bonk price recovery because the presale price of $0.0000001868 gives 100x to 300x potential once the Binance listing opens. The best Bonk price forecast gives roughly 4x for 2026.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
6 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
6 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
6 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
6 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
6 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
The crypto market is moving through uneven momentum as different narratives compete for attention. Toncoin remains tied to its messaging-based ecosystem and steady network usage. Shiba Inu continues to rely on strong community participation and periodic meme-driven cycles across retail sentiment shifts. Bonk Coin tracks closely with Solana activity, often reacting quickly to broader ecosystem moves.
BlockDAG is drawing increased focus due to its now live Legacy Sale offering BDAG at a $0.00000044 price and a buyback program allowing holders to sell coins at $0.001 per coin. This is where the next big crypto discussion intensifies, as direction splits across utility, community, and sentiment-led assets. BlockDAG currently sits within a more active participation cycle compared to its peers.
1. BlockDAG: Live Legacy Sale Drives Buyback Program Access Table of Contents
1. BlockDAG: Live Legacy Sale Drives Buyback Program Access2. Toncoin: Price Holds Near $2 Range Stability3. Shiba Inu: Market Driven by Social Sentiment4. Bonk Coin: Volatility Driven by Solana SentimentThe Bottomline The Legacy Sale is now live, allowing participants to access the Buyback Program through their dashboard after purchase by selecting “Sell Coins.”
There are two participation routes. Legacy Sale buyers can register their BDAG in the dashboard for the Buyback Program with no swap required. Existing holders may also participate by acquiring BDAG via BDAG SWAP at a discounted rate and sending tokens to the designated buyback wallet, subject to a daily submission cap per wallet.
Eligible BDAG submitted under the Buyback Program will be repurchased, with payments made in USDT to the registered wallet by November 1, 2026. Proof-of-funds wallets have also been added to the “Sell Your BDAG” page for added transparency.
The next big crypto discussion often centers on assets where timing and access shape participation more than passive holding. In this case, attention is focused on the narrowing buyback window and how quickly conditions are expected to change within a short timeframe.
Overall, BlockDAG is experiencing a moment where urgency is driven by a clearly defined buyback adjustment, making timing a critical variable for those engaging with the current participation opportunity.
2. Toncoin: Price Holds Near $2 Range Stability Toncoin is a blockchain asset within The Open Network ecosystem, primarily used for payments, staking, and network-based transactions. It has maintained steady visibility due to ongoing ecosystem activity and integration with messaging-based applications.
Price movements have reflected broader market conditions, with periods of volatility followed by consolidation rather than sustained directional trends. Toncoin is currently trading in the approximate range of $2.00–$2.10, based on recent market data, with intraday fluctuations across exchanges.
In broader discussions around the next big crypto, Toncoin is often referenced due to its established position among large-cap assets and consistent network usage. Its price behavior continues to be shaped by market sentiment and overall crypto cycle movements rather than isolated momentum shifts.
3. Shiba Inu: Market Driven by Social Sentiment Shiba Inu remains a widely recognized meme-based cryptocurrency, driven primarily by community participation, social sentiment, and periodic retail-driven interest. Within the next big crypto discussion, it is often referenced as an example of a sentiment-led asset that tends to move in short cycles rather than sustained trends.
Its ecosystem includes additional utility components, but price action continues to be influenced mainly by broader market mood and liquidity shifts across exchanges. Shiba Inu is currently trading around $0.0000055 USD, with minor fluctuations reflecting overall crypto market volatility. Despite cyclical movement patterns, it maintains consistent visibility due to its large holder base and active trading presence across major platforms.
4. Bonk Coin: Volatility Driven by Solana Sentiment Bonk Coin operates within the Solana ecosystem as a meme-driven token influenced heavily by community activity and broader network sentiment. Price action tends to respond quickly to shifts in liquidity and trading interest across the ecosystem.
Bonk Coin is currently trading around $0.0000055 USD, with short-term movement driven largely by speculative flows and overall market conditions. Within the next big crypto discussion, it is often referenced as part of Solana’s meme segment that experiences sharp but sentiment-led price cycles rather than steady directional trends.
Its behavior remains closely tied to retail engagement patterns, where momentum builds and fades in line with broader crypto market risk appetite.
The Bottomline Toncoin continues to trade near the $2 level as it tracks broader market cycles, while Shiba Inu remains around $0.0000055 with movement shaped by shifting sentiment. Bonk Coin also holds near $0.0000055, reflecting fast reactions to Solana-driven liquidity changes. These assets remain active, but their direction largely follows the overall market rhythm rather than setting it.
BlockDAG, however, is currently defined by timing sensitivity around its $0.001 buyback window, creating a clear focus on execution over waiting. At the same time, BDAG remains available at $0.00000044 with direct buyback program access and 30% off live swap access, adding another layer of participation interest.
This mix of structured timing and accessible entry points keeps BlockDAG in the next big crypto narrative as attention shifts toward assets where timing directly shapes opportunity. Momentum continues building as engagement tightens around its current window.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...
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February 16, 2024
In the latest episode of the Cryptonews Podcast, host Matt Zahab sat down for a meaningful discussion with Jon Trask, the CEO of the blockchain-based, agriculture technology-focused Dimitra platform.
In this exclusive interview, Jon Trask talked about:
blockchain and Web3 technologies revolutionizing agriculture across Africa and the globe; how Dimitra utilizes AI, machine learning, IoT, and data-driven insights to combat deforestation; Dimitra’s NFT Avocado initiative facilitating farmers with access to the necessary funds required for their farms to flourish; the future of blockchain tech in farming and agriculture; traceability and using blockchain to improve farmers’ lives. Watch the Full Episode with Jon Trask
Check out below some of the many things Trask and Matt discussed.
From Farming to Big Tech
Trask noted that he grew up on his grandfather’s farm, after which he got into tech and supply chain business. He, in fact, worked for a number of multinational corporations in the food industry.
Six years ago, he built a blockchain-based identity system to manage businesses and farmers in Africa. Shortly after that, Trask traveled to DRC to witness some of the disparity between agriculture in Africa and agriculture in Canada, for example.
“There was a real need for things that we considered easily available and basic on farms in Canada,” he said, but farmers were not using it in Africa. This was due to availability, price, and technological accessibility.
“And we felt maybe we could do something about that.”
His colleagues and he started looking for other opportunities to expand upon the identity software that they had built. They created the foundation of Dimitra.
Dimitra Is Designed To Help Smallholder Farms
Smallholder farmers in the food industry make up just under 10% of the world’s population. But they’re very underserved from a tech perspective and earn very little for their effort.
Per Trask,
“A lot of them are really just focused on feeding their family and selling food into the community.”
He started working on bridging some of the gaps. For example, in Kenya right now, to be able to move their product out of the country and earn money for their product, need to meet several conditions. These include traceability, regulatory standards, satellite reports in order to tell if they’re deforesting their farm or not, etc.
“And we do that through working with cooperatives and governments in many of these countries. And I wake up with a smile on my face every day, I wake up happy to help and serve the community and work with all these great people around the world.”
Bringing Easy Access Through Mobile Apps
Dimitra has several valuable mobile applications. Farmers in the world, particularly in developing countries, have access to phones but don’t typically have laptops or PCs.
Dimitra has two Android apps focused on livestock, a government application that works on genetics, as well as apps for coffee and cacao farmers, among others.
The apps help farmers identify the aspects that work and those that need to be improved to increase and enhance production.
“Once they grow the crop, then we start to track and trace.”
In one of the examples Trask offered, he showcased how satellite analysis can help enrich solis with the correct supplements to boost crop output.
Solok Radjo in Indonesia is one of our cooperatives, 3300 farmers on the side of the mountain in Sumatra, all with coffee farms. And so we start with the satellite report and then we do some soil analysis. We know by the soil analysis that their soil is not pH rich. And if we can increase the pH by using calcium carbonate, we can increase their output. In some cases, we can triple or quadruple their output for a small investment.
Information like this is offered to Dimitra users throughout the ecosystem of mobile apps. Farmers get details about the soil, crop production, enhancements they can introduce and weather patterns they can expect. All in an easily accessible mobile app.
To find out how Dimitra uses blockchain technology to fight against deforestation, and how NFTs can help raise funding for farms, check out the whole Cryptonews Podcast episode here.
____
About Jon Trask
Jon Trask is the CEO and Founder of Dimitra and has been working with blockchain since 2017.
Prior to founding Dimitra, Trask had an extensive career building and developing enterprise software solutions to revolutionize supply chain processes and improve immutable traceability.
A recognized expert in his field, he is also the Founder and CEO of Blockchain Guru and a Partner with the Blockchain Training Alliance.
Trask’s mission now is to increase farming connectivity worldwide, particularly with those disenfranchised, and to leverage the power of innovative technologies to bridge farming and tech.
The CEO also won the 2023 Government Blockchain Association Annual Achievement Award in the “Social Impact” Category.
Mantra teamed up with agri-tech leader Dimitra in a bid to bring scalable blockchain solutions to global agricultural and sustainability projects — marking yet another move in the project’s push to regain investor trust after the recent fallout.
According to an announcement shared with crypto.news, Dimitra, a global leader in agri-tech and sustainability solutions leveraging blockchain and AI, has partnered with Mantra (OM), a regulated layer-1 blockchain purpose-built for RWA tokenization. The collaboration connects agricultural projects with investors that are after transparent, asset-backed investment opportunities, utilizing MANTRA’s regulation-ready blockchain.
Phase one will focus on cacao production in the Amazon region of Brazil and a forest conservation project in Mexico. The Mexico project alone is expected to generate approximately 1 million traceable carbon credits over the next 10 years. Dimitra’s proprietary carbon monitoring tools will ensure transparency and verification of these credits, making them easier to trade and invest in.
“These two projects are just the beginning. When we demonstrate how real-world asset tokenization facilitates project financing, both can be scaled significantly,” said Jon Trask, CEO of Dimitra Incorporated. “In Mexico, for example, we’re starting with 19,000 hectares expected to generate 1 million carbon credits and over $15 million in revenue over the next decade. But the potential is much greater — the Fundación Álica manages over 300,000 hectares, and we’re ready to expand.”
The partnership with Dimitra marks another significant milestone in Mantra’s recovery following the recent fallout, where OM price crashed from $6.26 to an intraday low of $0.42, causing a major loss of trust in the RWA tokenization blockchain.
It comes on the heels of another major collaboration, where blockchain analytics platform Nansen joined as a validator on the MANTRA Chain, lending institutional credibility to the project. At the same time, MANTRA is still pushing forward with its token burn initiative aimed at winning back community trust.
However, OM price continues to trade within a tight range between $0.37 and $0.42, having recently attempted a breakout but failing to gain momentum.
The Diamond Tokenization SetupBilliton Diamond and Ctrl Alt moved over AED 1 billion ($280 million) worth of certified polished diamonds on-chain in the UAE.
Ripple’s enterprise custody tools secure the physical diamonds, while the XRP Ledger creates digital tokens representing ownership.
Adding to its infrastructure push, Ripple secured full Electronic Money Institution approval from Luxembourg’s financial regulator last week, pushing its global regulatory approvals beyond 75.
This follows recent UK approvals, reinforcing Ripple’s position as one of the most heavily licensed crypto firms.
The Regulatory RoadblockThe broader platform launch requires approval from Dubai’s Virtual Assets Regulatory Authority (VARA).
Until then, the $280 million represents a controlled pilot rather than an open marketplace.
Critical details remain unclear.
The companies did not explain how someone holding a diamond token would redeem it for the physical stone, what the minimum purchase size would be, or how individual stones get priced—all essential for real trading.
Dubai’s DMCC coordinated the project as the emirate positions itself as a hub for tokenizing real-world assets like commodities and luxury goods.
The Trading ChallengeCreating blockchain tokens for diamonds is the easy part.
The harder challenge is building a marketplace where these tokens actually trade with reliable prices and smooth redemptions.
Each diamond is unique, with individual characteristics affecting value—cut, clarity, color, and carat weight.
This makes pricing more complex than tokenizing gold or oil, where units are identical and fungible.
The companies acknowledged this hurdle, mentioning a longer development timeline for features like custody transfers and secondary-market trading.
However, without concrete plans for redemption mechanics and pricing, questions remain about moving beyond the pilot phase.
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
Dubai is taking a bold step in luxury and finance as Billiton Diamond and Ctrl Alt announce a new initiative to put polished diamonds on the blockchain. The project has already tokenized more than AED 1 billion (over $280 million) worth of certified diamonds held in the UAE, making it one of the largest real-world asset tokenization efforts to date.
The partnership aims to transform diamonds—traditionally illiquid and difficult to verify—into transparent, secure, and easily transferable digital assets. Ctrl Alt is responsible for converting the physical diamonds into blockchain-based tokens, while Ripple’s custody technology ensures ownership remains safe, auditable, and tamper-proof.
The tokenized diamonds are issued on the XRP Ledger (XRPL), chosen for its fast settlement speeds and low transaction costs—key advantages when handling high-value luxury assets. Each token is backed by a certified physical diamond stored securely in the UAE, with full traceability and real-time verification.
Billiton plans to launch a dedicated digital platform where buyers and sellers can view diamond inventory, certification records, and ownership details instantly. The platform may later enable regulated secondary trading, opening the door for improved liquidity and faster settlement for manufacturers, traders, and investors.
DMCC has played a central role by connecting stakeholders and guiding the regulatory framework, reinforcing Dubai’s growing leadership in blending physical commodities with advanced financial technology.
Executives from Billiton, Ctrl Alt, DMCC, and Ripple describe the initiative as a new benchmark for bringing high-value assets on-chain. Crypto analyst WrathofKahneman called it a major step forward for real-world asset adoption, while Bill Morgan joked that although his wife can’t wear a tokenized diamond, she might still want one.
Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQsWhat is diamond tokenization and how does it work?
Diamond tokenization converts physical diamonds into digital tokens on blockchain, allowing secure, transparent, and tradable ownership.
How does tokenizing diamonds benefit investors?
It increases transparency, reduces costs, and improves liquidity by making diamonds easily tradable digital assets with clear provenance and ownership records.
Is tokenized diamond trading regulated in Dubai?
Yes, all trading of tokenized diamonds will require approval from Dubai’s Virtual Assets Regulatory Authority (VARA), ensuring compliance and investor protection.
Story Ends Here
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Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
6 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
6 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
6 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
6 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
6 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
Institutional ownership of U.S. spot Bitcoin ETFs (exchange-traded funds) changed only slightly despite BTC’s price decline of 23% in Q4 2025.
According to aggregated data from 13F filings with the SEC, institutional holdings dropped from 532K BTC (Q3 2025) to 513K BTC (as of Q4 2025)—a 19K BTC decline.
This translated to a 3.5% decline in the institutional holdings of BTC.
Source: X/Root Overall, institutions still held over half a million BTC.
With the asset entering a bear market phase in early 2026, it will be interesting to gauge whether institutions can be diamond hands in an extended crypto winter.
The U.S. spot BTC ETFs debuted in 2024, right at the onset of this cycle’s bull run. BTC price went parabolic afterward, surging from $40K to $72K, then to $100K, and finally topping out at $126K.
This marked a +220% run since they debuted.
However, BTC’s pullback worsened in 2026, halving its value. In fact, it broke below the average cost basis of BTC ETFs of $84.1K.
Now, the average ETF holder is about 20% underwater based on the press-time BTC price of $68K.
Since this is the products’ first crypto winter, it’s unclear whether the ETF investors will still hold during the capitulation. The 13F filings for Q1 2026, set to be released in Q2, will help shed light on their action.
Institutional vs. retail Bitcoin: ETF share From a dominance perspective, the retail still commanded the U.S. spot BTC ETF holdings. Of the 1.27 million BTC held by ETFs, over 700K BTC are held by retail investors.
Source: X/Root Although institutional holdings have been rising since 2024, climbing 10% to a high of 40% by Q3 2025, they stagnated in late 2025.
However, compared with Q3 2025, institutions’ dominance slipped only 1%. So, despite retail still commanding the market share, institutions were still holding the line.
But based on the number of firms holding BTC ETFs, there was a 14% fall. Firms that reported owning BTC ETFs decreased from 2173 to 1867, the highest drop since 2024.
Source: X/Root Even so, 17 out of the top 25 institutional BTC ETF holders increased their exposure in Q4, including major banks (JPMorgan Chase), sovereign wealth funds (Mubadala), and asset managers (BlackRock).
Overall, the institutional share of BTC ETFs was unchanged last year. But it remains to be seen whether they’ll remain diamond hands after crypto winter in Q1 2026, especially with current ETF outflows rivaling Q4 levels.
Source: Glassnode Final Summary Institutional share of BTC ETFs was unchanged in Q4 2025, dropping only 1%. More than half of the top 25 BTC ETF holders increased positions last quarter.
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In major XRP news today, Ripple-backed Ctrl Alt completes the diamond tokenization deal with Billiton Diamond. Ripple executive Reece Merrick confirmed that the tokenized assets are now live on XRP Ledger (XRPL).
XRP News: $280 Million in Diamonds Are Now Tokenized on XRPL Reece Merrick, Ripple managing director for the Middle East & Africa, has highlighted the successful completion diamond tokenization deal between Dubai-based Billiton Diamond and tokenization firm Ctrl Alt.
More than $280 million (over AED 1 billion) worth of certified polished diamonds are now tokenized on the XRPL. This RWA tokenization project bridges commodities with blockchain by leveraging Ripple’s enterprise-grade custody infrastructure.
“The tokenization of 1 Billion+ AED in diamonds by Ctrl Alt and Billiton Diamond isn’t just a win for the UAE, it’s a masterclass in how the XRP Ledger handles high-value RWA at scale,” said Reece Merrick.
He also pointed out how Ripple is solving the “trust gap” in digital commodities. Notably, Ripple Custody is providing bank-grade vaulting and tokenization on the XRPL to turn illiquid luxury goods into tradable assets.
Merrick also spotlighted Ripple and its partners’ work with the UAE’s forward-thinking ecosystem DMCC and VARA to set a global standard.
Ripple-Backed Ctrl Alt and Billiton Diamond Deal Billiton Diamond and Ctrl Alt announced the deal to tokenize diamonds worth $280 million. It uses Ripple’s custody technology to secure the assets and the XRP Ledger to mint tokens tied to physical inventory. In recent XRP news, Ctrl Alt launched tokenized real estate trading after a partnership with the Dubai Land Department.
XRPL offers the advantages of scalability, speed, minimal fees, and regulatory alignment. This move demonstrates XRPL’s growing demand in RWA tokenization. Until now, the value of assets tokenized on XRPL has reached $1.96 billion.
Experts see this as part of a larger trend where luxury and physical goods move on-chain, potentially boosting XRPL usage and utility for XRP. Reece Merrick noted it sets “a new standard for transparency and efficiency in global finance.”
Ahead of crypto options expiry, XRP price is trading more than 3% lower at $1.39. The 24-hour low and high are $1.39 and $1.45, respectively. Furthermore, trading volume has tumbled more than 30% over the past 24 hours.
