NEARLY $240 BILLION ADDED TO CRYPTO IN JUST 24 HOURS.
Total crypto market cap has jumped roughly 10.9% in 24 hours.
BITCOIN: Approximately +150B added
ETHEREUM: +44B
Solana: +6B
Other: +37B
TOM LEE'S BITMINE $BMNR NOW HOLDS 4.8% OF ALL ETHEREUM
- Share of ETH supply: 4.8%
- Total ETH held: 5,742,237
- Current value: $10.26B at $1,786.39 per ETH
From zero to 95% of the 5% target in 13 months.
One company now owns 1 in every ~21 ETH in existence.
A top 50 cryptocurrency just collapsed 🚨
Here’s what’s happening:
The $M token has now collapsed ~73% and here are the biggest red flags.
- Valuation
$M reached a valuation close to ~$6B.
Despite that, public reports questioned whether the network had anywhere near enough real usage to justify it.
- Validator set
MemeCore currently operates with only 7 active validators.
Validators rotate every 10 blocks.
Running one requires staking 7,000,000 $M.
- Supply concentration
Visible BSC wallets show:
Top 10 holders: ~87%
Top 20 holders: ~95%
Some of these are exchange wallets, the distribution is extremely concentrated.
- Liquidity
Onchain liquidity was below ~$100K.
At the same time the token was carrying multi-billion dollar valuations.
Large exits become much harder in structures like this.
ZachXBT publicly questioned:
- insider supply
- exchange listings
- valuation
- real network activity
Network usage
Millions of dollars in valuation.
But critics pointed to very limited organic activity compared to the size of the project.
Then June 25 happened and today the token went from $2.68 to $0.62
This was a token manipulation, stay safe.