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Insider Trading in the Crypto Community

Tuesday. October 1 at 11:00 AM

1 min. read

Insider trading is a grave offense that lacks sympathy in the crypto community. It involves individuals exploiting their privileged positions to unfairly benefit themselves, harming honest traders in the process. Research indicates that over half of ERC-20 tokens exhibit signs of insider trading. Notable cases include OpenSea's Nate Chastain, who used insider knowledge to profit from NFT trades, resulting in a conviction for fraud and money laundering. BitMEX co-founders faced legal action for violating anti-money laundering regulations. Similarly, three Coinbase employees were charged for insider trading, leading to prison sentences and financial penalties. These incidents highlight the prevalence of insider trading in the crypto market, impacting retail investors. Solidus Labs' report revealed a high percentage of ERC-20 tokens involved in insider trading, emphasizing the need for a more transparent and trustworthy market for all participants.

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Investing in iDEGEN: A Lucrative Opportunity

Friday. December 20 at 6:00 PM

iDEGEN, a meme project utilizing AI, is attracting significant capital despite the bearish cryptocurrency market. The pre-market auction has already raised millions, with $IDGN's price soaring by 600% in just seven days. The project's unique approach of combining AI and memecoins has the potential to make it a top meme coin on the Solana blockchain. Investors can still participate in the pre-market auction until January 1, 2025, before the token is listed on exchanges. The auction's dynamic pricing mechanism offers early investors the opportunity to gain excellent returns. With iDEGEN set to launch in 2025, investing in this project during its presale could prove to be a wise decision. The project's commitment to transparency is evident through its live pre-market listing price, providing investors with real-time updates on the token's progress.

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Pixelverse Launches MemeBattle Game Featuring Crypto Mascots

Friday. December 20 at 5:00 AM

Crypto gaming franchise Pixelverse is set to release MemeBattle, a new tactical deck builder game showcasing popular cryptocurrency memes as playable characters. The game will include characters inspired by Base network meme coins such as Brett, Toshi, Keyboard Cat, and more. Players can form squads with these meme coin-based characters to compete for rewards. Additionally, characters from other crypto projects like Pudgy Penguins and Turbo will make appearances. Unlike traditional card-based games, MemeBattle will not represent characters as cards. Scheduled for a January launch, the game will initially feature 10 meme coin characters. Pixelverse, known for its success with PixelTap and a flagship metaverse game, chose Base for its scalability and low fees. The project has received funding from Gate.io's Meme Fund and backing from venture capital firms like Delphi Ventures and Mechanism Capital.

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Unicorn Fart Dust: A Rising Solana Meme Coin

Friday. December 20 at 3:00 AM

Unicorn Fart Dust (UFD), a new meme coin on Solana, has quickly gained popularity in the crypto space, hitting a $240 million market cap within 48 hours of launch. Despite not being listed on major exchanges yet, UFD reached a peak of $0.26676 on MEXC before settling around $0.2. Created by YouTuber Ronald Branstetter as a satirical take on cryptocurrency speculation, UFD has become a cultural phenomenon, resonating with investors through social media and meme culture. The token's unexpected success, ranking as the second most traded on-chain asset, showcases the volatile nature of the crypto market. While some view UFD as a critique of frivolous investments, others see it as a nod to blockchain's decentralized potential. Fuelled by social media buzz and Branstetter's transparent approach, UFD's rise exemplifies the power of internet culture in shaping crypto trends.

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Cryptocurrency Altcoins Reach New All-Time Highs Despite Market Pullback

Thursday. December 19 at 6:00 AM

Despite a slight pullback in the broader cryptocurrency market, some altcoins like Rekt (REKT), Patriot (PATRIOT), and Memes AI (MEMESAI) reached new all-time highs. REKT hit $0.00000031 before a 7% pullback, with a bullish outlook confirmed by its rising RSI of 64.48. PATRIOT surged to $0.0061, hinting at an extended rally with an Aroon Up Line value of 92.86. MEMESAI peaked at $0.12, showing a 19% increase in the past 24 hours, supported by a 28% spike in trading volume. If the bullish trend continues, these altcoins may revisit their all-time highs, but a negative shift in sentiment could lead to price declines. This analysis serves for informational purposes only, and readers are advised to conduct their own research before making any financial decisions.

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