Author: CoinVira
Polygon faced a security breach today when hackers gained control of its community Discord channel for about three hours. The breach allowed scammers to infiltrate the channel and target users with malicious links and misleading information. However, Mudit Gupta, Polygon’s Chief Information Security Officer, confirmed that the team has regained control of the Discord server and is undoing the changes made by the hacker. The hack was first detected by Polygon users who noticed suspicious activities on the Discord channel. Scammers posing as support agents flooded the support channel with deceptive messages, prompting one community member to raise the alarm…
Sony Block Solutions Labs, a subsidiary of the Sony Group, has announced its plans to develop Soneium, an Ethereum Layer-2 network aimed at accelerating the adoption of blockchain technology. The collaboration with blockchain infrastructure provider Startale aims to bridge blockchain technology (Web3) with everyday internet services. The unveiling of Soneium marks Sony’s continued expansion into the digital asset space, following the acquisition of Amber Japan’s WhaleFin exchange. The tech giant hinted at launching a crypto exchange in July and plans to rename and relaunch the exchange in the near future. Soneium is envisioned as a versatile, general-purpose blockchain with competitive…
DOGS, a meme coin deeply rooted in the Telegram ecosystem, has been making waves in the cryptocurrency world as it gears up for a major exchange listing. With its origins inspired by Spotty, Telegram’s iconic mascot, DOGS has quickly become a sensation within the platform’s community, which boasts over 11.7 million active users. Since its launch in July 2024, DOGS has captured the attention of crypto enthusiasts with its vibrant community and engaging platform. The coin’s journey began with a rapid influx of users on Telegram, amassing over 10 million followers within just three days of its introduction. This quick…
Tron’s SunPump meme coin platform has recently announced a partnership with HTX Global, aiming to simplify token launches and provide early participants with $10 million in liquidity for three days. This collaboration allows users to join the meme coin frenzy and take advantage of the growing interest in digital assets. The current trend in the crypto market is dominated by Solana-based meme tokens like Book of Meme (BOME), Bonk (BONK), and dogwifhat (WIF), which have seen significant gains in recent months. SunPump, the first meme coin platform on Tron, offers a unique opportunity for investors to participate in this trend…
A crypto whale known as “cookislandstrust.eth” has been making strategic moves in the cryptocurrency market, accumulating significant amounts of PEPE tokens and Ethereum during recent market dips. The whale spent a total of $3.13 million to purchase 420 billion PEPE tokens in two transactions over the past week. This calculated investment has already resulted in a profit of $170,000, representing a 5.4% gain for the whale. In addition to the PEPE token purchases, the same whale invested $7.05 million in 2,978 ETH during a market downturn, now sitting on a profit of $534,000, a 7.58% increase. These moves have caught…
Meme Coins Lead Crypto Market Recovery Shiba Inu Surges by 30% WIF Emerges as Top Performer with Over 80% Gain The crypto market is witnessing a significant recovery, with meme coins taking center stage. Leading meme coins such as Dogecoin, Shiba Inu, Pepe, Dogwifhat, and Bonk have all shown impressive price rebounds after a recent market downturn that resulted in over $1 billion in liquidation. Dogecoin, the most well-known meme coin, experienced a dip earlier this week but has since recovered by approximately 18%, trading at around $0.1054. Similarly, Shiba Inu saw a 30% increase from its recent low, now…
Dogecoin, the renowned meme coin, has faced a significant setback recently as it dropped by 22% in the last 24 hours amidst a broader market crash. This decline has raised concerns among investors, signaling a loss of faith in the altcoin. A notable event that added to the bearish sentiment was a whale transferring 177,528,741 DOGE tokens worth $11 million to the popular crypto trading platform, Robinhood. The transfer to Robinhood, as reported by Whale Alert, occurred on August 5th at 01:52:43 UTC with a fee of 3.156 DOGE ($0.29). Such a substantial transfer to a centralized exchange like Robinhood…
Shiba Inu Celebrates Fourth Anniversary with 1,401,173 Strong SHIB Army Shiba Inu, the popular meme cryptocurrency, is commemorating its fourth year in the crypto market with a massive following of 1,401,173 loyal supporters known as the SHIB Army. The journey of Shiba Inu has been nothing short of remarkable, with the token experiencing an incredible 150,000,000% surge from its humble beginnings to its all-time high. Despite its impressive growth over the years, Shiba Inu has been facing some challenges in recent weeks. The token has seen a significant drop of over 11% this month, slipping below key support levels. Yesterday,…
The meme coin market has experienced a significant decline after a period of exuberance known as the “memecoin spring.” From its peak market capitalization of over $55 billion in April 2024, the meme coin market has since contracted to around $35 billion, indicating a cooling of the previously rampant speculation and investment in these digital assets. During the peak period, meme coins saw a surge in popularity and value driven by their humorous or satirical themes rather than underlying technological innovations. However, this enthusiasm has waned in recent times, with only a few meme coins like Dogecoin (DOGE), Mog Coin…