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As the Pi Network team releases security instructions for the Pi Wallet, Pi coin users have shared their frustration, stating their wallets show no Pi tokens despite following all migration instructions issued by the core team. The users have been complaining about this issue for a while, and have asked the team members to take
The post Pi Coin Users Slam Pi Network Team on Failed Wallet Migration appeared first on CoinGape.
Elon Musk’s AI chatbot, Grok, has unintentionally become the center of a crypto controversy, promoting what could be a scam token.
The development comes amid rising concerns of fraudulent crypto, questioning the integrity of token launchpads such as Solana-based Pump.fun, among others.
Grok, after being prompted by a user’s leading question, initially suggested “GrokCoin” as the name of a meme coin. It then provided a wallet address for the said GrokCoin in response to a now deleted post. Grok also clarified that GROKCOIN is a meme coin on the Solana blockchain, inspired by xAI’s Grok AI.
“GROKCOIN, mentioned in the post, is a memecoin on the Solana blockchain, with the wallet address 3MadWqcN9cSrULn8ikDnan9mF3znoQmBPXtVy6BfSTDB. It’s inspired by xAI’s Grok AI, launched in November 2023, and trades with a current market cap of around $17 million, per CoinMarketCap, but its value is highly volatile.” Grok indicated.
Shortly after, the token’s market capitalization surged to $12 million, with an astonishing $51.9 million trading volume. At press time, the GrokCoin had a market cap of over $25 million. Meanwhile, data on GMGN shows the token’s value soared nearly 100,000%. This surge came as unsuspecting investors bought into what is likely an orchestrated scheme.
“Grok casually dropping a meme coin name, and the market instantly throws millions at it, peak crypto behavior. AI narratives + meme coins are a different kind of money printer no doubt about that,” one user quipped.
Despite this, skepticism remains high. It appears that an individual intentionally created the token before prompting Grok to mention the coin and wallet address publicly. This assumption comes as the question leading to Grok’s response was quickly deleted, suggesting a deliberate effort to manipulate the market.
It is also worth noting that the creator of GrokCoin has created over 470 coins, according to data from Soul Scanner
The incident highlights how scammers exploit AI tools to create and promote fraudulent tokens. It raises serious concerns about the growing trend of AI-driven crypto scams and market manipulation.
Recently, China exposed the DeepSeek crypto fraud, in which scammers used AI-generated materials to deceive investors. Another incident happened in Hong Kong, where scammers used deepfake technology to mislead investors into fraudulent schemes.
Following the latest development, similar Grok-themed tokens are flooding the Solana-based platform Pump.fun. This further adds to market manipulation concerns and potential investor losses.
Against this backdrop, experts warn that the trend may soon collapse under the weight of increasing scams. BeInCrypto reported that the meme coin market may be at risk of crashing as fraudulent projects flood the space.
Regulators are taking notice of these deceptive practices. A new bill proposed in New York aims to impose strict penalties on crypto scammers. As BeInCrypto reported, the bill defines civil fines of up to $5 million for fraudulent activities.
Such measures highlight the growing urgency to combat illicit schemes and protect investors from falling victim to AI-driven fraud.
The post GrokCoin: How Elon Musk’s AI Triggered a $25 Million Token Surge and Sparked Scam Fears appeared first on BeInCrypto.
Pum.fun launched its native token PUMP earlier today, and not so surprisingly, the sale ended in 12 minutes. In this duration, about $500 million worth of PUMP was picked up by retail investors at a $4 billion valuation.
However, as per BeInCrypto’s analysis, the anticipation did not fare well for the pump.fun ecosystem tokens.
GOAT price surged 23% this week, emerging as one of the better-performing pump.fun tokens. However, the anticipation surrounding the PUMP token launch led to a 9% drop in the last 24 hours.
Despite this, GOAT remains an altcoin to watch as it shows significant volatility and market interest.
Currently trading at $0.120, GOAT is holding above the critical support level of $0.117. The MACD indicates that bullish momentum is strengthening, potentially pulling the price back up.
However, if investors decide to secure profits by selling their holdings, GOAT could face downward pressure. A fall through the $0.117 support could lead the altcoin to slip to $0.102, invalidating the bullish thesis.
PNUT price increased by 19.2% over the past week, reaching $0.264. However, like other pump.fun tokens, it experienced an 8% drop in the last 24 hours. Despite this, PNUT is still showing signs of positive momentum.
The Parabolic SAR currently indicates an uptrend for PNUT. If the altcoin can sustain above the key support level of $0.260, it could rally towards $0.300. Continued positive momentum in the broader market could further boost PNUT’s price.
If PNUT fails to maintain support at $0.260, it could face downward pressure. A drop below this level could push the price to $0.219, erasing recent gains and invalidating the bullish outlook.
PYTHIA emerged as the only coin to note a rise in the last 24 hours, trading at $0.048 after a 42% increase. The altcoin is now facing the resistance of $0.052. This momentum could indicate further price growth, as PYTHIA continues to attract investor attention in the pump.fun ecosystem.
The Ichimoku Cloud below the candlesticks signals a bullish trend for PYTHIA. This indicates potential for further price increases, especially with the upcoming launch of the PUMP token.
Should the market conditions stay favorable, PYTHIA could breach the $0.052 resistance level and target $0.060 in the coming days.
However, if profit-taking occurs, PYTHIA may face a price decline. A fall below the $0.039 support could lead to further downward movement, potentially reaching $0.033. Should this happen, it would invalidate the current bullish outlook.
The post 3 Pump.Fun Ecosystem Coins to Watch Amid PUMP Token Launch appeared first on BeInCrypto.
The post From Dubai to Singapore: Hyra Network Powers New Frontiers in Decentralized AI and Strategic Growth appeared first on Coinpedia Fintech News
In a significant leap for its global expansion strategy, Hyra Network actively co-hosted VC Connect, a premier investor gathering during TOKEN2049 Dubai, and showcased its latest decentralized AI innovations at GITEX Asia Singapore – two of the most influential tech stages this April.
During TOKEN2049 Dubai, one of the world’s largest gatherings of Web3 and blockchain leaders, Hyra Network took center stage as a Diamond Sponsor and co-host of VC Connect, an exclusive investment-focused event.
Held alongside TOKEN2049, VC Connect brought together over 40 top-tier venture capital firms from across the globe, including both traditional powerhouses and emerging blockchain-focused funds.
Hyra Network’s team actively participated in a series of direct pitch sessions, strategic networking meetings, and private investment roundtables, showcasing its decentralized AI infrastructure platform designed to power the next generation of AI applications through community-driven edge computing.
With TOKEN2049 attracting over 10,000 attendees, including founders, investors, developers, and policymakers, the exposure placed Hyra Network firmly within a global spotlight – opening doors to potential partnerships, investments, and strategic collaborations.
TOKEN2049 Dubai, hosted just before the F1 Grand Prix weekend, is widely regarded as a key platform where the future of blockchain, AI, and decentralized technologies are shaped. Hyra Network’s presence underlined its ambition to be a major player in the rapidly evolving decentralized physical infrastructure (DePIN) and AI ecosystem.
In addition to Dubai, Hyra Network continued its momentum by participating in GITEX Asia Singapore, part of the legendary GITEX Global series – one of the world’s largest and most influential tech events.
The inaugural edition of GITEX Asia drew tens of thousands of tech executives from 110 countries, hosting over 700 tech companies and spotlighting breakthroughs in AI, blockchain, IoT, and digital infrastructure.
At GITEX Asia, Hyra Network engaged with global innovators, top enterprises, and policy leaders, demonstrating how its Smart Data Economy and decentralized AI platform empower individuals and enterprises to contribute and earn from AI development directly through their devices.
Participation at GITEX also included Hyra’s involvement in cross-industry forums, startup innovation showcases, and executive networking sessions with Fortune 500 companies and emerging tech leaders.
The event’s broader significance was underscored by GITEX’s announcement of an ambitious plan to expand further into Southeast Asia, positioning Singapore – and soon Vietnam – as key hubs for the digital economy. Hyra Network’s visibility at GITEX Asia Singapore helped cement its positioning within the region’s next major technology growth phase.
Hyra Network is the world’s first decentralized AI infrastructure platform designed to unlock the full potential of edge computing. Emerging from a highly successful trial phase with over 2 million users across 200+ countries, Hyra Network is spearheading a new era of decentralized AI by tapping into over 10 billion idle IoT devices worldwide – delivering a future where AI is scalable, affordable, and accessible for individuals and enterprises alike.
As a core brand of Hyra Tek, a technology pioneer reshaping the digital future, Hyra Network inherits a deep foundation in Blockchain Layer-3, AI & Big Data, IoT & Automation, Cloud Computing, and Edge Computing. The parent company integrates three core technologies – blockchain for security and transparency, edge computing for real-time data processing, and federated learning to protect privacy while enabling decentralized machine learning. By combining technological excellence with a bold vision, Hyra Tek is laying a strong foundation for a more accessible, secure, and resilient digital future.
Together, Hyra Network and Hyra Tek are breaking barriers, unlocking limitless opportunities, and leading the global shift into a decentralized, AI-driven digital economy.
The post From Dubai to Singapore: Hyra Network Powers New Frontiers in Decentralized AI and Strategic Growth appeared first on Coinpedia Fintech News
In a significant leap for its global expansion strategy, Hyra Network actively co-hosted VC Connect, a premier investor gathering during TOKEN2049 Dubai, and showcased its latest decentralized AI innovations at GITEX Asia Singapore – two of the most influential tech stages this April. Hyra Network Captures Investor Spotlight at VC Connect, TOKEN2049 Dubai During TOKEN2049 …