Latest news with #POPE
Business Mayor
03-05-2025
- Business
- Business Mayor
Trader's $111K Loss in 5 Min Exposes FOMO Trading Risks in Crypto
A cryptocurrency trader's $111,000 loss in just five minutes has become a cautionary tale for those chasing quick gains in the volatile crypto market. According to Lookonchain, a blockchain analytics platform, A FOMO (Fear of Missing Out) driven trader spent 200K USDC to buy POPE, a low-liquidity meme coin in trend and quickly sold it for a loss of $111k, all in just 5 minutes. After the trader bought the POPE coin, its price crashed almost immediately, prompting the trader to panic-sell for just $89,000 and take massive loss 55% in no time. The incident, widely discussed on X, highlights the dangers of emotional trading in speculative markets. In the broader crypto market, low-liquidity tokens like POPE are notorious for extreme price volatility, making them vulnerable to rapid swings that can wipe out investments in moments. This trader's impulsive decision was likely fueled by social media hype, a common trigger for FOMO in the crypto space. The state of being 'missing out' often leads to irrational purchases at non-optimal prices, a behavior that can spiral into significant financial setbacks, especially in markets prone to manipulation and sharp fluctuations. The crypto market, valued at $3.09 trillion as per CoinGecko, remains a high-stakes arena where timing and prudence are critical. As low-liquidity altcoins continue to entice risk-takers, this trader's $111K lesson underscores the importance of avoiding FOMO and prioritizing informed decision-making to navigate the unpredictable waves of cryptocurrency trading. Also read: Freight Tech to Sway Trade with $20M Trump Token Bet READ SOURCE
Yahoo
23-04-2025
- Business
- Yahoo
Cryptocurrency LUCE Surges 134% After Pope Francis' Death, Driven by Speculation and Online Hype
The price of LUCE, a Solana-based meme coin themed around the Vatican's Holy Year 2025 mascot, has surged dramatically following the death of Pope Francis. On some exchanges, LUCE jumped as much as 134%, reaching a high of $0.02517 before settling at around $0.015. CoinMarketCap data shows LUCE previously dropped below $0.009 before its latest rebound, which saw the token's trading volume rise to nearly $50 million in 24 hours—a 515% increase. The coin, which debuted in October 2024 shortly after the Vatican revealed its Jubilee mascot, quickly gained traction and reached a peak market cap above $80 million within two days of launch. Despite being unaffiliated with the Vatican, LUCE now has around 44,800 holders and a current market cap of roughly $15 million, according to data from The token's liquidity stands at $1.8 million, and its price remains down 95% from its November peak of $0.3272. Following the Pope's death, the cryptocurrency world saw a rise not only in LUCE but also in other Solana-based meme coins themed around him. Tokens such as FRANCIS, POPE, RIP POPE, and simply RIP—with imagery of the late pontiff—emerged rapidly, with FRANCIS gaining over 115% shortly after launch. While interest in meme coins had faded in early 2025, the renewed spotlight led to a temporary resurgence. A previous buyer of 10 million LUCE tokens with $10,000 worth of SOL recorded over $666,000 in profits during the coin's 2024 peak. However, another investor who purchased 19.14 million LUCE tokens at $0.0275 ended up losing $335,000 after the price plummeted. LUCE's dramatic movement also coincides with gambling markets reacting to the upcoming papal conclave. Prediction platforms place Italy's Cardinal Pietro Parolin as the frontrunner with 37% odds, followed by the Philippines' Cardinal Luis Antonio Tagle at 27%. Other candidates make up the remaining 34%. The conclave, which will determine the next leader of the 1.4 billion-member Catholic Church, is expected to take place within three weeks. Sign in to access your portfolio
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Business Standard
22-04-2025
- Business
- Business Standard
POPE memecoin soars 770% amid speculation over papal succession
A cryptocurrency inspired by Cardinal Secretary of State Pietro Parolin soared in value on Monday, as online speculation intensified over who might succeed the late Pope Francis, reported Benzinga. A Solana-based token named POPE, themed around Cardinal Parolin, jumped 770 per cent in the past 24 hours, reaching a market cap of $260,930, according to CoinMarketCap. Another memecoin honouring Cardinal Luis Antonio Tagle, a prominent figure in the Catholic Church, also skyrocketed by 1,012 per cent during the same period. Both tokens are thinly traded and currently available only on Raydium, a decentralised exchange built on the Solana network. CoinMarketCap has issued a disclaimer, noting that these tokens are not yet verified and advising traders to 'do your own research (DYOR).' The surge in these religious-themed memecoins comes as the world waits to see who will become the next head of the Catholic Church. Pope Francis passed away at age 88, leaving a vacancy at the highest level of the Vatican. On Polymarket, a crypto-based prediction platform, Cardinal Parolin leads the betting with a 34 per cent chance of becoming the next pope. Cardinal Tagle follows with 23 per cent. So far, over $3 million has been bet on the outcome. Another prediction market shows a 65 per cent chance that the next pope will be European, and a 22 per cent chance that he will be Asian. Cardinal Parolin is Italian, while Cardinal Tagle is from the Philippines.
New York Times
26-03-2025
- Sport
- New York Times
Connections: Sports Edition hints for March 26, 2025, puzzle No. 184
Need help with today's Connections: Sports Edition puzzle? You've come to the right place. Welcome to Connections: Sports Edition Coach — a spot to gather clues and discuss (and share) scores. A quick public service announcement before we continue: The bottom of this article includes one answer in each of the four categories. So if you want to solve the board hint-free, we recommend you play before continuing. Advertisement You can access Wednesday's game here. Game No. 184's difficulty: 3 out of 5 Scroll below for one answer in each of the four categories. . . . . . . . . . . . . . . . . . . . . Yellow: WIZARDS Green: SALCHOW Blue: POPE Purple: BURN The next puzzle will be available at midnight in your time zone. Thanks for playing — and share your scores in the comments! (Illustration: Dan Goldfarb / The Athletic)
