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HBAR Drops 4.2% as ETF Buzz Fades

HBAR experienced a decline of 4.2% within 24 hours, falling from $0.181 to a close of $0.173 as technical selling overshadowed recent ETF optimism. This sell-off occurred after breaking the crucial support level at $0.1740. Trading volume surged by 28.69% above the weekly averages, indicating heavy selling pressure. The price fluctuated within a range of $0.0131, showcasing a 7.4% volatility, with significant trading activity peaking at 05:00 GMT when 171 million tokens were exchanged, driving prices down from $0.1775 to $0.1703. HBAR's price structure exhibited a downtrend, characterized by lower highs and lower lows. Following the breach of the $0.1740 support, immediate resistance is identified at $0.1750, while the psychological support level stands at $0.1700, marking the previous consolidation zone.

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MegaETH Revokes $1 Million Token Sale Allotment After Influencer Posts Trading Plans

Crypto influencer IcoBeast had their $1 million MegaETH token allocation revoked after publicly discussing plans to hedge their token holdings, breaching a rule regarding a one-year lockup period. MegaETH had conducted a public sale, granting tokens to selected participants based on their community activity. The revocation occurred after IcoBeast posted

MegaETH Revokes $1 Million Token Sale Allotment After Influencer Posts Trading Plans

Crypto influencer IcoBeast had their $1 million MegaETH token allocation revoked due to a social media post discussing plans to hedge their MEGA token holdings. This action violated the agreement of a one-year lockup period for the tokens, which was stipulated for sale participants. MegaETH's Chief Strategy Officer,

MegaETH Revokes $1 Million Token Sale Allotment After Influencer Posts Trading Plans

Crypto influencer IcoBeast had their $1 million MegaETH token allocation revoked on Sunday due to a social media post where they discussed plans to hedge their tokens, violating a one-year lockup agreement. The Ethereum layer-2 network had determined that participants could not express intentions to sell or hedge their tokens

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