bitcoin
Bitcoin (BTC) $ 66,091.71
ethereum
Ethereum (ETH) $ 3,187.28
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 606.05
xrp
XRP (XRP) $ 0.544684
cardano
Cardano (ADA) $ 0.5133
usd-coin
USDC (USDC) $ 1.00
matic-network
Polygon (MATIC) $ 0.729305
binance-usd
BUSD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.158381
okb
OKB (OKB) $ 55.25
polkadot
Polkadot (DOT) $ 7.38
shiba-inu
Shiba Inu (SHIB) $ 0.000026
tron
TRON (TRX) $ 0.112489
uniswap
Uniswap (UNI) $ 8.01
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 66,132.72
dai
Dai (DAI) $ 1.00
litecoin
Litecoin (LTC) $ 84.39
staked-ether
Lido Staked Ether (STETH) $ 3,186.42
solana
Solana (SOL) $ 154.70
avalanche-2
Avalanche (AVAX) $ 38.30
chainlink
Chainlink (LINK) $ 15.31
cosmos
Cosmos Hub (ATOM) $ 8.73
the-open-network
Toncoin (TON) $ 5.67
ethereum-classic
Ethereum Classic (ETC) $ 27.93
leo-token
LEO Token (LEO) $ 5.74
filecoin
Filecoin (FIL) $ 6.48
bitcoin-cash
Bitcoin Cash (BCH) $ 507.57
monero
Monero (XMR) $ 122.97
bitcoin
Bitcoin (BTC) $ 66,091.71
ethereum
Ethereum (ETH) $ 3,187.28
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 606.05
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.544684
binance-usd
BUSD (BUSD) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.158381
cardano
Cardano (ADA) $ 0.5133
solana
Solana (SOL) $ 154.70
matic-network
Polygon (MATIC) $ 0.729305
polkadot
Polkadot (DOT) $ 7.38
tron
TRON (TRX) $ 0.112489

BALD value rallies as developer burns 60% of provide following rug pull on blockchain

Must Read

  • BALD is a meme coin on Coinbase’s Base chain that was topic to a rug pull, and buyers misplaced almost $23 million.
  • The meme coin’s developer burned roughly 600 million tokens on Tuesday, triggering 45% each day features in BALD.
  • BASE has seen a surge in meme coin costs previously day.

Coinbase’s BASE chain has seen a spike in its reputation as a result of meme coin rallies in its ecosystem. Early on Tuesday, one of many earliest initiatives on BASE, the BALD meme coin, made headlines for a burn of 60% of its tokens.

That is paying homage to the SLERF meme coin within the Solana ecosystem the place the developer unintentionally burned almost 50% of the availability and apologized to token sale contributors.

BALD developer burns 600 million tokens inside hours

BALD developer burned roughly 600 million BALD tokens, amounting to 60% of the availability, early on Tuesday. BALD is without doubt one of the first meme coin initiatives on Coinbase that suffered a rug pull in July 2023. The developer withdrew almost 3,000 Ether from the group through the rug pull incident and got here again on-line inside the previous few days.

The developer’s token burn of 60% of the availability inside a five-hour window on Tuesday triggered BALD value to rally by almost 45%.

On-chain information exhibits the BALD token burn in two transactions:

BALD token burn

BALD token burn. Supply: Basescan

BALD value rallied in response to the drop within the token’s provide. A lower in circulating provide sometimes pushes an asset’s value greater if market contributors maintain demand for the asset. Knowledge from CoinGecko exhibits that BALD value is $0.051, up 46% previously day.

See also  Ontology Launches $10 Million Initiative to Gas Decentralized Identification Innovation and Adoption

The occasion is paying homage to what SLERF’s developer did in March, the place the developer allegedly burned 50% of the token’s provide, and token patrons misplaced almost $10 million value of property.

BASE ecosystem meme cash see enhance

A number of meme cash within the BASE ecosystem have seen a rise of their costs previously day. Toshi (TOSHI), Mochi (MOCHI), Smudge Cat (SMUDCAT), Degen (DEGEN) and Brett (BRETT) famous almost double-digit features of their costs previously day.

TOSHI: 17%

MOCHI: 28%

SMUDCAT: 154%

DEGEN: 8%

BRETT: 20%

Regardless of their current features, BASE meme cash’ market capitalization stay low in comparison with different meme cash within the ecosystem.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

BTC Bulls Try and Push Costs Greater Publish-Halving

As bitcoin fluctuates inside an outlined vary, Monday’s technical evaluation reveals a combined bag of alerts from oscillators and...

More Articles Like This