#tokens

A recent CoinGecko study reveals a startling fact: over 50% of cryptocurrency projects (14,039), listed on the platform since 2014, have faced failure. The vast majority of these setbacks (more than 70%) occurred between 2020 and 2022, largely attributed to the ease of deploying tokens and the craze around meme coins.

The liquidators of the collapsed cryptocurrency hedge fund, Three Arrows Capital (3AC), have projected that creditors could recover about 45.74% of their funds, based on the current frozen assets. The bulk of this seized investment portfolio, amounting to 82%, is tied up in non-liquid tokens.

The lead developer of Worldcoin, Tools For Humanity, is considering selling WLD tokens to attract funding and is currently engaging in preliminary discussions with investors. Unofficially, it is understood that they are looking to sell these tokens at a 50-60% discount, aiming to raise $50 million.

Following a community vote, Arbitrum has decided to disburse the remaining ARB tokens from its initial round of grant funding. Out of the numerous projects, only 29 secured enough votes in the first round.

Pools with tokens such as SOL, XRP, ARB and DOGE on the GMX platform are showing APR above 60% (at the time of writing) after the activation of Arbitrum incentives.

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.

CoinGecko has unveiled a ranking of the 50 largest airdrops by cryptocurrency companies, gauged by the peak historical prices of the tokens distributed. Uniswap leads the pack with its airdrops valuing a staggering $6.43 billion, closely followed by Apecoin with $3.54 billion in distributions.

Phantom Wallet has announced its latest update, introducing support for Bitcoin, Ordinals, and BRC-20 tokens. This new feature is currently available in a beta version, which users can activate through the wallet's settings.

According to a recent post on X, Starknet is set to distribute 1.8 billion STRK tokens, as part of various initiatives to foster the adoption and growth of the Starknet blockchain.

Worldcoin, co-founded by Sam Altman, is launching the WAVE0 grant program worth about $5 million in WLD tokens. Its aim is to expand the possibilities for the developer community to advance the Worldcoin Tech Tree.

With the onset of winter, we are anticipating a significant unlocking of tokens, potentially putting pressure on prices.

Wintermute, an algorithmic trading firm in digital assets, accuses NEAR Foundation and Aurora of failing to uphold their agreement involving the conversion of $11 million worth of the now-defunct USN stablecoin to USDT. These tokens originated from the now-defunct FTX exchange and were acquired by Wintermute in exchange for fiat currency with the assurance of a complete conversion.