Latest news with #Gate.io
Business Mayor
7 days ago
- Business
- Business Mayor
Pi Coin News: Insider Turmoil and Token Surges Shake Pi Network As Transparency Demands Grow Louder
Pi Network's community, once united by its vision of a mobile-mined, egalitarian cryptocurrency, is increasingly fragmented. In mid-May 2025, over 102.7 million Pi tokens were suddenly withdrawn from cryptocurrency exchange OKX in just three days, sparking volatility and suspicion of insider activity. The surge in Pi Coin transactions—some exceeding 70 million tokens per move—has heightened fears of centralisation and lack of transparency within the Pi Network, even as its token, priced at approximately $0.79, continues to fluctuate sharply from its early 2025 peak of $2.99. Blockchain researchers and analysts now point to troubling signs of internal wallet manoeuvring according to a report by Brave New Coin. These include reports of dormant Foundation-controlled wallets reactivating and selling millions of tokens, further fuelling scepticism over whether Pi Network is truly decentralised, as it has long claimed to be. Key Developments: Price Instability, Insider Concerns The Pi Coin has dropped over 4.8 per cent in the past 24 hours, despite showing a 30 per cent monthly gain. Analysts argue that large-scale token unlocks and strategic sell-offs are depressing the price and creating instability. The token is now facing strong resistance around the $0.90 mark and could dip as low as $0.66 if selling pressure intensifies, warns citing bearish flag patterns on trading charts. 'The PI Coin value is forming a bearish flag,' reported 'with the risk of a drop toward $0.66 if selling pressure intensifies.' Meanwhile, Dr. Altcoin, a well-known blockchain investigator, flagged that more than 1.4 million Pi tokens were sold on from a wallet allegedly linked to the Pi Foundation, raising red flags.'It's not about FUD,' said Dr. Altcoin on X, 'It's about accountability, transparency, and fair participation in a network that has claimed to be for the people.' He further estimates that wallets believed to be under the control of the Pi Foundation currently hold more than 90 billion tokens. Planned Unlocks Stir Market Fears Adding to concerns is the scheduled unlocking of over 1.47 billion Pi tokens in the next 12 months, with 110 million already released in May 2025. While part of a previously announced tokenomics roadmap, the scale and timing of these unlocks—coinciding with insider activity—are shaking investor confidence. '1.4 million Pi moved from an old Foundation wallet to a new one, then sold on insider concerns,' stated Dr. Altcoin, citing on-chain transaction data. Community Frustration Grows Amid Transparency Demands Pi Network's community, once united by its vision of a mobile-mined, egalitarian cryptocurrency, is increasingly fragmented. Longstanding issues with Know Your Customer (KYC) processes, limited utility, and the absence of a mainnet migration for most users have resulted in mounting dissatisfaction.'There are no substantial DeFi projects or dApps built on Pi crypto yet,' a market commentary cited by Brave New Coin noted, adding that, 'Without real use cases, the Pi token price will struggle to sustain any meaningful upside.' Despite launching a $100 million venture fund for dApp development, the Pi Network still lacks key listings on major exchanges like Binance, further reducing liquidity and trader interest. Optimism Endures—But So Do Doubts Some supporters remain hopeful. Crypto influencer Mr. Spock commented that,'While doubters watched from the sidelines, true Pioneers kept mining, building, and believing — and now, the results are beginning to show,' as quoted by Brave New Coin. Another user added, 'This is no longer a testnet experiment—Pi Network Coin is stepping into the real world.' However, until the Core Team addresses issues around token distribution, wallet transparency, and ecosystem utility, Pi Network risks losing trust at a critical juncture of its growth. Analysts warn that future performance will hinge on whether these structural weaknesses are tackled head-on. READ SOURCE
Business Upturn
23-05-2025
- Business
- Business Upturn
XRP News: Join XenDex Presale Before Listing $XDX On Top Exchanges As Ripple Moves To Acquire Circle
By GlobeNewswire Published on May 24, 2025, 00:50 IST SYDNEY, May 23, 2025 (GLOBE NEWSWIRE) — Ripple is reportedly moving to acquire Circle, the issuer behind stablecoin USDC and the excitement around the XRP ecosystem is reaching new heights. And as XRP's strategic momentum builds, XenDex is quickly becoming the most anticipated DeFi launch on the XRP Ledger. With just 5 days left in its presale, the window to purchase $XDX tokens at early-bird pricing is rapidly closing. Early adopters are rushing in to secure tokens before listings go live on major exchanges like Binance, BitMart, MagneticX, MEXC, and FirstLedger. Purchase $XDX At A low Price & Earn Rewards What is XenDex on XRP Blockchain? XenDex is the first all-in-one decentralized exchange (DEX) built entirely on the XRP Ledger, delivering high-speed, low-cost trading while integrating next-gen DeFi functionalities previously missing from XRPL. It's built to empower both everyday traders and seasoned crypto investors. Features and Problems XenDex Aims to Solve on XRP Ledger Despite XRP's speed and scalability, it lacks essential DeFi utilities. XenDex addresses these gaps with: AI Copy Trading – Mirror expert trades in real-time – Mirror expert trades in real-time Lending & Borrowing – lend or borrow your crypto assets – lend or borrow your crypto assets Cross-Chain Trading – Swap tokens between XRP and Solana, BNB, and Ethereum – Swap tokens between XRP and Solana, BNB, and Ethereum DAO Governance – Let $XDX holders vote on major platform decisions Buy $XDX At Discount Price Advantages of $XDX The $XDX token powers XenDex and rewards its holders with: Voting rights for platform governance Staking and liquidity farming rewards Trading fee discounts Exclusive airdrops and early feature access Where Can I Trade $XDX? After the presale, $XDX will launch on top exchanges, including Binance, MEXC, BitMart, MagneticX, and FirstLedger, increasing visibility and global access. Is XenDex a Legit Project on XRP? Yes — XenDex is backed by a dedicated crypto-native team with experience on SUI and Cardano. The project is undergoing audits, also it integrates with trusted XRPL partners like Xaman and XRP Toolkit, and operates transparently with a long-term vision. Buy $XDX Before Listing On Top Exchanges How Do I Buy $XDX? Visit: Minimum Buy: 150 XRP Rate: 1.25 XRP = 10 XDXSetup Wallet: Use Xaman for trustline setup How To Buy Link: XenDex Presale Details Soft Cap: Filled Filled Hard Cap: Nearly Filled Nearly Filled Presale Rate: 150 XRP = 1200 $XDX 150 XRP = 1200 $XDX Time Left: 5 Days Remaining Join XenDex Community Website: Presale: Telegram: Twitter: Docs: Contact:Frank Richards [email protected] Disclaimer : This is a paid post provided by XenDex. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page. Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above. A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
21-05-2025
- Business
- Yahoo
What are Trump's guests getting from $148m crypto dinner?
A procession of black-tie guests is expected to arrive at Trump National Golf Club in Washington, DC on Wednesday – not traditional political donors, but cryptocurrency holders whose anonymous digital wallets filled with memecoins have secured them access to an exclusive gala dinner with the US president himself. The guest list consists of the top 220 holders of the Official Trump memecoin trump-official (TRUMP-OFFICIAL-USD), who collectively spent an estimated $148m (£110.72m) acquiring the token in the hope of securing face time with Donald Trump. The event has stirred controversy over claims of crypto-fuelled political influence, with critics calling it 'pay-to-play 2.0' and watchdogs demanding federal scrutiny. Read more: Crypto live prices But for those attending, the question remains: What are they gaining in return? Trump first announced the exclusive dinner in April, promising an invitation to his private club for the top 220 $TRUMP token holders and a VIP experience for the top 25. The announcement sent the memecoin soaring, with prices jumping over 60% in a single day. Many purchases were executed through crypto exchanges like and Bybit — platforms that block US customers — suggesting that some buyers may be foreign nationals or US citizens using offshore accounts. Despite the secrecy surrounding wallets and identities, all guests are set to receive a commemorative $TRUMP non-fungible token (NFT) minted on Solana and, for the top-tier holders, a private White House tour the following day — access typically reserved for diplomats and heads of state. So what's really on offer for these blockchain-backed guests? Beyond the NFT and a photo op, attendees may be chasing high-level access, and according to Nansen analyst Nicolai Sondergaard, the event is primarily a networking opportunity. "While there may be potential to gain some informational advantages, there are in my opinion, no other clear or substantial benefits beyond that," Sondergaard told Yahoo Finance UK. The dinner may also offer early intelligence on potential regulatory rollbacks and introductions to crypto policy insiders. The holders of the top 25 wallets will attend a VIP reception and a private White House tour. It's an unprecedented offering that blurs the lines between spectacle, tech innovation, and political fundraising. However, this access comes with growing ethical scrutiny. Senators Elizabeth Warren and Adam Schiff have formally called for a federal investigation, labelling the event a 'pay-for-access scheme' that may violate the US Constitution's Emoluments Clause. Watchdog group has echoed these concerns, citing links between the token proceeds and CIC Digital, an affiliate of the Trump Organization. Read more: How Trump and Melania meme coins are performing after 100 days In a statement to the House of Representative's financial services committee, president of president Caroline Ciccone said: "The blurring or erasing of the line between Donald Trump's personal interests and the Executive Branch's agenda risks a true pay-to-play administration." Trying to identify the true identities of the top token holders is no easy task. Blockchains are transparent, but the people behind crypto wallets often are not. Still, on-chain analytics firm Nansen has sifted through the data to offer some clues. The leading wallet on the Trump memecoin leaderboard is labelled "SUN", sparking speculation that it belongs to Chinese-born crypto mogul Justin Sun, founder of the TRON (TRX-USD) blockchain. 'Crypto Twitter is speculating that this is Justin Sun, but we were not able to find any immediate connection to wallets we've already labeled as being owned by him," Sondergaard said. 'It holds a substantial amount of TRX and interacts with HTX-labelled wallets — formerly Huobi — but that's not enough to validate ownership.' The second-largest holder, dubbed 'MeCo', appears to be associated with MemeCore, a Singapore-based layer-1 blockchain team. The wallet was funded by a Binance account 20 days ago and contains $TRUMP and a small amount of Solana (SOL-USD). 'It's not a singular person but rather an organization behind MemeCore. There's been some fun finger-pointing suggesting the wallet could be linked to Justin Sun, but that may just be in jest," Sondergaard added. Read more: Trending tickers: Nvidia, Alibaba, Novavax, Ryanair and Diageo The third wallet, 'CASE", was funded through Wintermute, a leading crypto market maker. Sondergaard believes this could have been an over-the-counter (OTC) transaction, saying: 'It might be someone at Wintermute, but I lean more toward the idea that it was a private sale.' Like others, the wallet only holds $TRUMP and SOL tokens. Two more wallets, 'GAnt' and 'REKT,' round out the top five. Both are newly created, with GAnt funded via a Binance wallet and later transferring assets to Coinbase. REKT received funds from ChangeNOW, a non-KYC exchange, and also made a withdrawal from Binance. Their anonymity underscores a broader concern, that significant funds have entered the US political landscape through untraceable, foreign-friendly channels. While some token holders are about to dine with a former president, most investors haven't been so fortunate. Since the dinner announcement, over 20 million TRUMP tokens – worth roughly $280m – have flowed into wallets, with $109m exiting, according to Nansen. But the trading frenzy hasn't translated into widespread profits. "The data tells a cautionary tale," Sondergaard said. 'Despite over 2,600 traders participating, 70% have realised losses. Total losses since the announcement exceed $21m — dwarfing profits during the same period.' Even media attention has waned. Google (GOOG) Trends shows that searches for the TRUMP token have declined since its initial launch on the weekend before Trump's January 20 inauguration. "Volume is still high and the token is actively traded,' Sondergaard said, 'But much of that may be driven by those racing to make the leaderboard before the dinner deadline." Read more: Why pension funds are buying bitcoin What we know about Elon Musk's controversial blockchain vision for US How AI could change the internet
Yahoo
21-05-2025
- Business
- Yahoo
What are Trump's guests getting from $148m crypto dinner?
A procession of black-tie guests is expected to arrive at Trump National Golf Club in Washington, DC on Wednesday – not traditional political donors, but cryptocurrency holders whose anonymous digital wallets filled with memecoins have secured them access to an exclusive gala dinner with the US president himself. The guest list consists of the top 220 holders of the Official Trump memecoin trump-official (TRUMP-OFFICIAL-USD), who collectively spent an estimated $148m (£110.72m) acquiring the token in the hope of securing face time with Donald Trump. The event has stirred controversy over claims of crypto-fuelled political influence, with critics calling it 'pay-to-play 2.0' and watchdogs demanding federal scrutiny. Read more: Crypto live prices But for those attending, the question remains: What are they gaining in return? Trump first announced the exclusive dinner in April, promising an invitation to his private club for the top 220 $TRUMP token holders and a VIP experience for the top 25. The announcement sent the memecoin soaring, with prices jumping over 60% in a single day. Many purchases were executed through crypto exchanges like and Bybit — platforms that block US customers — suggesting that some buyers may be foreign nationals or US citizens using offshore accounts. Despite the secrecy surrounding wallets and identities, all guests are set to receive a commemorative $TRUMP non-fungible token (NFT) minted on Solana and, for the top-tier holders, a private White House tour the following day — access typically reserved for diplomats and heads of state. So what's really on offer for these blockchain-backed guests? Beyond the NFT and a photo op, attendees may be chasing high-level access, and according to Nansen analyst Nicolai Sondergaard, the event is primarily a networking opportunity. "While there may be potential to gain some informational advantages, there are in my opinion, no other clear or substantial benefits beyond that," Sondergaard told Yahoo Finance UK. The dinner may also offer early intelligence on potential regulatory rollbacks and introductions to crypto policy insiders. The holders of the top 25 wallets will attend a VIP reception and a private White House tour. It's an unprecedented offering that blurs the lines between spectacle, tech innovation, and political fundraising. However, this access comes with growing ethical scrutiny. Senators Elizabeth Warren and Adam Schiff have formally called for a federal investigation, labelling the event a 'pay-for-access scheme' that may violate the US Constitution's Emoluments Clause. Watchdog group has echoed these concerns, citing links between the token proceeds and CIC Digital, an affiliate of the Trump Organization. Read more: How Trump and Melania meme coins are performing after 100 days In a statement to the House of Representative's financial services committee, president of president Caroline Ciccone said: "The blurring or erasing of the line between Donald Trump's personal interests and the Executive Branch's agenda risks a true pay-to-play administration." Trying to identify the true identities of the top token holders is no easy task. Blockchains are transparent, but the people behind crypto wallets often are not. Still, on-chain analytics firm Nansen has sifted through the data to offer some clues. The leading wallet on the Trump memecoin leaderboard is labelled "SUN", sparking speculation that it belongs to Chinese-born crypto mogul Justin Sun, founder of the TRON (TRX-USD) blockchain. 'Crypto Twitter is speculating that this is Justin Sun, but we were not able to find any immediate connection to wallets we've already labeled as being owned by him," Sondergaard said. 'It holds a substantial amount of TRX and interacts with HTX-labelled wallets — formerly Huobi — but that's not enough to validate ownership.' The second-largest holder, dubbed 'MeCo', appears to be associated with MemeCore, a Singapore-based layer-1 blockchain team. The wallet was funded by a Binance account 20 days ago and contains $TRUMP and a small amount of Solana (SOL-USD). 'It's not a singular person but rather an organization behind MemeCore. There's been some fun finger-pointing suggesting the wallet could be linked to Justin Sun, but that may just be in jest," Sondergaard added. Read more: Trending tickers: Nvidia, Alibaba, Novavax, Ryanair and Diageo The third wallet, 'CASE", was funded through Wintermute, a leading crypto market maker. Sondergaard believes this could have been an over-the-counter (OTC) transaction, saying: 'It might be someone at Wintermute, but I lean more toward the idea that it was a private sale.' Like others, the wallet only holds $TRUMP and SOL tokens. Two more wallets, 'GAnt' and 'REKT,' round out the top five. Both are newly created, with GAnt funded via a Binance wallet and later transferring assets to Coinbase. REKT received funds from ChangeNOW, a non-KYC exchange, and also made a withdrawal from Binance. Their anonymity underscores a broader concern, that significant funds have entered the US political landscape through untraceable, foreign-friendly channels. While some token holders are about to dine with a former president, most investors haven't been so fortunate. Since the dinner announcement, over 20 million TRUMP tokens – worth roughly $280m – have flowed into wallets, with $109m exiting, according to Nansen. But the trading frenzy hasn't translated into widespread profits. "The data tells a cautionary tale," Sondergaard said. 'Despite over 2,600 traders participating, 70% have realised losses. Total losses since the announcement exceed $21m — dwarfing profits during the same period.' Even media attention has waned. Google (GOOG) Trends shows that searches for the TRUMP token have declined since its initial launch on the weekend before Trump's January 20 inauguration. "Volume is still high and the token is actively traded,' Sondergaard said, 'But much of that may be driven by those racing to make the leaderboard before the dinner deadline." Read more: Why pension funds are buying bitcoin What we know about Elon Musk's controversial blockchain vision for US How AI could change the internet
Business Mayor
20-05-2025
- Business
- Business Mayor
Is This Meme Coin About to Repeat Dogecoin's Rally After Elon's First Tweet? Strong Momentum Follows CoinMarketCap, CoinGecko, and CEX Listings
The project's strategy to expand its trading accessibility began with listings on top-tier platforms. The DON/USDT pair on has been the most active, contributing significantly to the daily trading volume, which at one point surpassed $4.6 million. Additional availability on MEXC and PancakeSwap enhances liquidity and supports a broader user base. With a presence now established on CoinMarketCap and CoinGecko, the next key development for is a potential listing on Binance. The Binance Smart Chain ecosystem has already facilitated ease of use for DON through MetaMask integration, allowing users to import the token manually via its contract address (0x42fe1937e1db4f11509e9f7fdd97048bd8d04444). The anticipation of a Binance listing does conform with the historical behavior of other meme tokens, where once the coin was exposed on a big exchange, we saw massive price action. Listing DON on Binance would be a major milestone for DON and may trigger the next step of the market expansion. Trade $DON now on READ SOURCE
