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Showing posts with the label token burn

Crypto streamer Gainzy nukes his own token 99% with one 'accidental' click

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Crypto streamer Gainzy claims to have accidentally rugged his own Pump Fun token after he clicked “sell” while fiddling with his phone. Gainzy’s fumble nuked gnzystrm’s market cap by 99%, taking it from $4.6 million to $12,000 in seconds before rebounding to $2.2 million. On the plus side, the pseudonymous streamer made $168,000 in the process.  Seconds after selling, Gainzy posted “FUCK” on X, before admitting that a quick “fiddle” with his hand led to the incident.  He then called upon Pump Fun CEO Alon Cohen to help him fix the “rug,” stressing that he wasn’t hacked, and that it was just “ an accidental click on the app .”  The exact moment Gainzy sold his Pump Fun token. Read more: Gainzy can’t shake UnitedHealthcare hitman accusations He said, “I watched in real time as the chart nuked fully cognizant my finger slipped and now I’m waiting to hear how much $ this shit is gonna cost me to fix.”  Gainzy claims to have suffered a...

The 1 Cent Dream: 3 Things That Can Push Shiba Inu to $0.01

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Shiba Inu (SHIB) has had a rough few years. The asset’s price rallied by many million percent from its launch in August 2020 till it hit an all-time high of $0.00008616 in October 2021. SHIB’s incredible performance turned several early investors into multi-millionaires. While the dog-themed cryptocurrency has struggled to regain its 2021 momentum, fans and investors continue to push for higher prices. Let’s look at what has to happen for SHIB to finally achieve the “one-cent dream.” Also Read: Ripple: XRP Price Prediction For April End 2025 Top 3 Things That Need To Happen For Shiba Inu To Hit $0.01 1. SHIB Burns: Source: Watcher Guru One of the most substantial catalysts for SHIB’s incredible 2021 rally was Vitalik Buterin’s token burn. The Ethereum co-founder received half of SHIB’s supply upon launch. Buterin decided to burn 90% of the tokens he received. His actions led to a massive price rally. Also Read: Alphabet (GOOGL) Or META: Wh...

Crypto.com CEO Says SEC Dropped Investigation Without Penalty, CRO Surges 8%

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Crypto.com CEO Kris Marzalek said that the US Securities and Exchange Commission (SEC) has closed its investigation into the crypto exchange without imposing a penalty or taking any legal action. ”They used every tool available to attempt to stifle us, restricting access to banking, auditors, investors, and beyond,” he said in a March 27 X post . “It was a calculated attempt to put an end to the industry.”  Crypto.com Accuses The SEC Of A “Misguided” Approach To Digital Asset Regulation  The SEC’s decision to close its investigation into Crypto.com comes after the agency issued a Wells notice to the company in August that signaled its intention to take legal action against the crypto exchange. Crypto.com responded by filing a lawsuit against the SEC in October. In its filing, the exchange accused the then Gary Gensler-led agency of overstepping its authority and taking a “misguided” approach to crypto regulation. CRO...

Mog Coin Leads Cat-Themed Crypto Plunge, But Catslap Token Surges 8% After 10 Million Token Burn

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Mog Coin (MOG) plummeted, leading a 5.5% plunge in the cat-themed meme coin sector, but new viral token Catslap (SLAP) defied the downtrend with an 8% surge after its recent 10 million token burn. The MOG price slumped 4% in the past day, bringing its weekly losses to more than 18%. This brought the feline crypto’s price down to $0.000002366 as of 4:24 a.m. EST. POPCAT, MEW And MIGGLES Record 24-Hour Losses The largest cat-themed token by market cap, Popcat ( POPCAT ), also suffered a price drop in the last 24 hours. Following its 1% drop, the Solana token’s weekly performance is more than 16% in the red.  Meanwhile, Cat In A Dog’s World (MEW) underwent a minor 24-hour correction. Similar to POPCAT and MOG, its 24-hour retracement pushed its weekly performance deeper into the red zone as well. Mister Miggles (MIGGLES) suffered the biggest weekly loss of more than 29% following a slight drop in its price in the last 24 hours. New Cat-Themed Meme Coin Sensatio...