The morning of October 7 saw a dramatic drop in the price of Bitget’s BGB token, plummeting from $1.14 to $0.064. While the price bounced back relatively quickly, several traders were affected by the volatility.
JCapital Research analysts have issued a warning about the potential for a significant drop in Hut 8 Mining Corp (HUT) shares, citing possible involvement in fraudulent schemes like Pump & Dump. This alert is primarily based on the company's recent acquisition of US Bitcoin (USBTC) and the ensuing merger.
In recent weeks, tokens on the Solana blockchain have been showing a consistent downward trend, following a period of growth in late 2023. A notable example is the popular token BONK, which has declined by around 70% since its peak on December 15, 2023.
GROK, a meme token inspired by Elon Musk's artificial intelligence ventures, experienced a dramatic 50% drop in value after its developer was exposed.
This misinformation led the BTC price to surge to $30,000, then drop to $28,000, resulting in the liquidation of $100 million in positions, of which $70 million were short ones.
Immunefi, a blockchain security company, reported a 40% drop in stolen crypto assets in Q3 2024 compared to the same period last year, with losses totaling around $413 million. There were 34 successful breaches or scams during this period.
On January 23, OKX's token, OKB, saw an unexpected market shakeup. Its price dramatically fell by 50%, dropping from $52 to nearly $25, before recovering to $46.
On January 12, the price of BTC sharply declined, falling below the $44,000 threshold and later reaching about $41,500.
This strategy might come into play following the approval of a spot Bitcoin ETF, according to analytics company CryptoQuant. They anticipate that BTC could drop to around $32,000.
The last two years have been quite a journey, with BTC experiencing a nearly 48% price drop.
CZ's net worth now stands at $17.3 billion, marking an 82% drop from its peak of $96.9 billion in January 2022. Back then, the Binance CEO was ranked 11th among the world’s richest people.
