Live Feed

Toncoin Falls Below $2 as Broader Market Conditions Weigh on Price

Toncoin (TON) experienced a significant drop, falling 5.5% to $1.97, breaking below the critical $2 barrier amidst a broader downturn in the cryptocurrency market. This selloff was marked by heavy trading volume and led to over $1.4 billion in liquidated long positions, which pushed TON through various support levels. Following the decline, the token showed signs of slight recovery, stabilizing around $1.99, suggesting that trader interest may remain, although overall pressure persists. Observers are closely watching the $2 mark that could indicate a momentum shift if sustained above it. This price movement coincided with a general market decline, with the CoinDesk 20 index dropping 2.57%. Bitcoin also saw a decrease, falling below $102,800, its lowest since June, amid large-scale liquidations and intensified selling pressure.

Source 🔗

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

Read next