Category: News

New York-based legal firm Burwick Law filed a class action lawsuit against the main parties involved in LIBRA, the Argentinian meme coin scandal. The lawsuit specifically targets KIP, Meteora, and Kelsier, but not President Javier Milei.

Over the past few months, the firm has filed several lawsuits against meme coin projects. It alleges serious financial misconduct from all these parties.

A LIBRA Lawsuit in New York

Given the firm’s recent actions, Burwick Law seems to be in a legal war against meme coin scammers. In December, it filed a suit against Hawk Tuah’s promoters. A month later, it sued Pump.fun, accusing the platform of IP violations.

Yesterday, Burwick filed another class-action lawsuit, this time centered around the LIBRA meme coin.

“Tonight, our firm filed a class action complaint in the Supreme Court of New York on behalf of our client. We allege that Kelsier, KIP, Meteora, and related parties orchestrated an unfair token launch (LIBRA), allegedly misleading purchasers and harming retail investors,” the firm claimed via social media.

The LIBRA launch in February turned into a massive fiasco, and this lawsuit joins active investigations and arrest warrants levied upon the principal actors.

Essentially, Burwick accuses several parties involved with LIBRA of “deceptive, manipulative, and fundamentally unfair” conduct. These people artificially inflated the token’s price and then caused a collapse—otherwise known as pump-and-dump.

Surprisingly, the suit does not name Argentine President Javier Milei as a defendant. In addition to being a significant political figure, Milei also downplayed his direct connections to the debacle.

Instead of targeting him, Burwick’s lawsuit is going after the private companies that directly facilitated the LIBRA launch: KIT, Meteora, and Kelsier.

“The complaint details how, according to our allegations, one-sided liquidity pools were used to artificially inflate LIBRA’s price. We further allege that approximately 85% of supply was withheld at launch, enabling insiders to profit while everyday buyers bore the losses,” Burwick Law stated.

Who Were the Culprits Behind the LIBRA Scandal?

The initial name behind the LIBRA meme coin launch was KIP Protocol, a Web3 AI base layer. However, the firm completely distanced itself from any rug pull allegations.

KIP claimed that it did not launch or profit from LIBRA and that it was only asked “to assist in managing the project’s financing initiative.” The other firms, however, have much clearer connections.

Meteora, a decentralized crypto exchange, was thoroughly involved in LIBRA. The company’s co-founder resigned in the immediate aftermath but maintained his innocence.

Notably, Meteora’s reputation was already damaged by the TRUMP meme coin. This small exchange was the first platform to host the token, which increased its TVL by over 300% in days to over $1.9 billion.

Kelsier Ventures, LIBRA’s market maker, seems especially vulnerable to lawsuits. In a shocking interview, CEO Hayden Davis defended his actions, admitting to past scams and claiming he did nothing out of the ordinary.

Davis was in talks to launch a similar meme coin with the Nigerian government and was recently tied to a Wolf of Wall Street-themed meme coin. It’s no wonder that Davis, of all the names involved with the whole scandal, is the only person with an active arrest warrant against him.

Additionally, data engineer Fernando Molina alleged that these parties tried to launch two other Argentina-centric tokens before LIBRA. A few telltale fingerprints connect it with ARG and MILEI, such as shared wallets, liquidity pools, and timing. Molina suggested that LIBRA’s creators could’ve created these assets as test coins, but isn’t certain.

There are quite a few unanswered questions about the whole LIBRA scandal, and it’s unclear how they’ll play into the lawsuit. Hopefully, investigations can help clear up some of the biggest mysteries.

After all, political meme coin schemes like this can damage the reputation of the whole industry. So, the current lawsuit from Burwick might be in everyone’s best interest.

The post Burwick Law Files Lawsuit Against Meteora and Other LIBRA Backers appeared first on BeInCrypto.

Mantra (OM) is up more than 10% in the past seven days, taking place as the second-largest Real World Asset (RWA) token by market cap. With a market cap of around $6.8 billion, OM is gaining momentum and attracting attention in the RWA space.

Technical indicators are flashing mixed signals, with OM’s RSI cooling off from overbought levels and Ichimoku Cloud structures remaining bullish. As OM trades near key resistance and support zones, traders are watching closely to see if it can extend its rally and set new all-time highs.

Mantra RSI Is Back To Neutral After Reaching Overbought Levels

Mantra’s Relative Strength Index (RSI) reading is 57.89, maintaining levels above the 50 threshold since March 15.

The RSI briefly reached 72.51 yesterday, signaling that OM approached overbought territory before pulling back slightly.

This sustained move above 50 suggests that OM has been in a bullish phase, with momentum favoring buyers over the past several days.

The RSI is a momentum oscillator that measures the speed and magnitude of recent price movements to evaluate whether an asset is overbought or oversold.

Readings above 70 generally indicate overbought conditions, signaling that an asset could be due for a pullback, while readings below 30 suggest oversold conditions, potentially signaling a buying opportunity.

OM’s RSI at 57.89 suggests that while bullish momentum is still present, it is currently at moderate levels.

OM Ichimoku Cloud Shows a Bullish Setup

Mantra is currently showing a bullish structure on the Ichimoku Cloud chart.

The price is trading above the cloud, which indicates that the overall trend is still bullish. This solidifies Mantra as one of the biggest RWA coins in the market.

Additionally, the cloud ahead has flipped green, suggesting that if the structure holds, future momentum could continue to favor buyers.

The Tenkan-sen is positioned above the Kijun-sen, reinforcing short-term bullish momentum, although the price recently pulled back after some upward movement.

The Chikou Span is also above the price action and the cloud, supporting the bullish outlook.

However, if the price starts to consolidate or dip toward the Tenkan-sen and Kijun-sen, it could signal a potential pause in momentum or a shift toward a more neutral trend if those levels fail to provide support.

Will Mantra Make New All-Time Highs In March?

OM’s EMA lines are signaling that a golden cross could soon form, which would strengthen the bullish outlook.

If this pattern is confirmed and Mantra can regain the strong uptrend seen in past months, it could break through the resistance levels at $7.39 and $8.16.

A breakout above these areas could allow OM to test price levels above $9 for the first time ever, potentially setting new all-time highs and possibly making OM surpass Chainlink as the biggest RWA coin in market cap.

On the other hand, if the current bullish momentum fades, OM could decline toward support at $6.57.

A loss of this level could trigger further downside toward $6.15, and if bearish pressure persists, the price could fall as low as $5.85.

The post Mantra (OM) Surges 10% In a Week To Become The Second Biggest RWA Coin appeared first on BeInCrypto.

​​Hedera remains under heavy pressure, marking yet another day of decline as traders continue to bet against the altcoin. It trades at $0.18 at press time, noting a 2% price drop over the past 24 hours. 

With its long/short ratio signaling a surge in short interest, market sentiment has turned increasingly pessimistic.

Short Sellers Tighten Grip on HBAR

HBAR’s long/short ratio has dropped to 0.86, its lowest level in a month. This reflects a sharp increase in short positions among derivatives traders. 

The long/short ratio measures the proportion of long positions (bets on price increases) to short positions (bets on price declines) in the market. A ratio below one means there are more short positions than long ones. This indicates that traders are predominantly bearish on HBAR and hints at a higher likelihood of continued downside movement.

Further, HBAR’s negative Chaikin Money Flow (CMF) on the daily chart supports this bearish outlook. This indicator, which measures how money flows into and out of the asset, is below zero at -0.10 when writing. 

HBAR’s negative CMF reading suggests high selling activity, with its sellers dominating the market and looking to push prices lower.

HBAR Traders Brace for Volatility as Price Flirts with Key Support Levels

The growing demand for short positions highlights investors’ expectations of further downside, raising concerns about HBAR’s ability to hold above the critical support level formed at $0.17. 

If it fails to hold, the token’s price could plummet to a multi-month low of $0.11, which it last traded at in November.

However, a resurgence in demand for the altcoin could invalidate this bearish projection. If buyers regain market dominance and increase demand, HBAR could rebound toward $0.22. 

Should HBAR successfully breach this resistance zone, its price could reach $0.26.

The post HBAR Slips Toward Multi-Month Low Amid Rising Short Interest appeared first on BeInCrypto.

Microsoft’s incident response team has discovered a new remote access trojan (RAT) called StilachiRAT that poses a serious threat to cryptocurrency users.

StilachiRAT can collect system information, steal login credentials, and extract data from digital wallets. Although it has not yet spread widely, its potential impact worries the crypto community.

How Does StilachiRAT Threaten Crypto Investors?

StilachiRAT is more than just another malware—it represents an evolution in cyber threats targeting digital assets.

Microsoft reported on March 17 that once StilachiRAT infiltrates a system, it begins reconnaissance. It gathers details about the operating system, hardware identifiers, camera presence, and active Remote Desktop Protocol (RDP) sessions. Then, it focuses on stealing credentials stored in Chrome and data from the clipboard, where users often copy passwords or wallet keys.

This trojan specifically targets 20 cryptocurrency wallet extensions on Google Chrome. Some well-known wallets at risk include Metamask, Trust Wallet, Coinbase Wallet, TronLink, TokenPocket, BNB Chain Wallet, OKX Wallet, Sui Wallet, and Phantom.

“StilachiRAT targets a list of specific cryptocurrency wallet extensions for the Google Chrome browser. It accesses the settings in the following registry key and validates if any of the extensions are installed,” Microsoft warned.

Microsoft’s report highlights StilachiRAT’s advanced anti-forensic capabilities. It can delete event logs and assess system conditions to avoid detection.

To mitigate the threat, Microsoft advises users to download software only from official sources and avoid suspicious websites or attachments. Enabling real-time protection in Microsoft Defender and using browsers with SmartScreen can help block malicious sites.

Additionally, Microsoft recommends enabling multi-factor authentication (MFA) and regularly updating software to minimize risks.

“In some cases, remote access trojans (RATs) can masquerade as legitimate software or software updates. Always download software from the official website of the software developer or from reputable sources,” Microsoft advises.

According to Chainalysis’ 2025 Crypto Crime Trends report, illicit cryptocurrency transactions range from $40 billion to $50 billion annually. These funds are stolen through various methods, including ransomware and malware attacks.

Chainalysis estimates that the volume of illicit crypto transactions in 2024 could exceed $51 billion, with an average annual increase of 25% between reporting periods.

The post Microsoft Warns of New Malware Stealing Funds from Crypto Wallets appeared first on BeInCrypto.

Binance is listing Bubblemaps (BMT), causing a 100% rally for the newly launched altcoin. The exchange also put BMT in its HODLer Airdrops program, further driving engagement and market interest.

BMT will provide key benefits to Bubblemaps, powering its analysis platform and allowing increased community participation in its research and investigations.

Binance to List and Airdrop Bubblemaps (BMT)

Bubblemaps, a renowned blockchain analytics platform, has been building its BMT token for months now. In January, it announced an upcoming token launch, and Binance hosted the TGE on PancakeSwap one week ago.

Now, Binance is listing BMT and adding it to the HODLer Airdrops program.

“Binance is excited to announce the 12th project on the HODLer Airdrops page – Bubblemaps (BMT). Users who subscribed their BNB to Simple Earn (Flexible and/or Locked) and/or On-Chain Yields products… will get the airdrops distribution. Binance will then list BMT at 2025-03-18 15:00 (UTC) and open trading,” the firm claimed in an announcement.

As the world’s largest crypto exchange, Binance listing always tends to boost token valuations. The exchange has also recently announced a new listing process based on community votes and interest.

At the time of writing, BMT price is up nearly 100% today, and its daily trading volume has surged 230%. Current market sentiment suggests significant hype and speculative around the new token.

Bubblemap’s data analytics tools have been instrumental in investigating crypto crimes, and it’s opening these to community participation. BMT holders will be able to submit cases and vote on on-chain research priorities through the new IntelDesk feature, helping decide new goals.

Meanwhile, BMT is the 12th asset to be in Binance’s HODLer Airdrops program. This program rewards BNB holders by periodically distributing free tokens from new projects.

This is mutually beneficial for both parties; Binance can reward its loyal users, and the exposure gives these new projects a real notoriety boost.

Ultimately, Bubblemaps’ token getting listed on Binance seems like a win for everybody. Sophisticated crypto investigations can be a thankless business, and BMT’s success directly subsidizes the platform’s work.

The post Bubblemaps’ BMT Token Spikes 100% After Binance Listing and Airdrop appeared first on BeInCrypto.

Over the past few months, Onyxcoin’s (XCN) price has struggled to break free from a persistent downtrend. Despite some optimistic sentiment from investors, recent attempts at an upward breakout have been unsuccessful. 

The broader market conditions remain bearish, which is dampening the cryptocurrency’s price action and limiting recovery potential.

Onycoin Needs Stronger Support

The NVT (Network Value to Transaction) ratio for Onyxcoin is currently at a four-month high, which highlights an imbalance between the network value and the asset’s market value. High NVT ratios indicate that although the network is gaining attention, actual transactions are weak. 

This is a bearish signal because it suggests that the hype surrounding Onyxcoin is not backed by substantial user activity or adoption. Consequently, the altcoin’s recent price movements are driven more by speculative interest rather than organic growth, making it difficult for the coin to escape its current downtrend.

Onyxcoin’s overall macro momentum also looks concerning. The Relative Strength Index (RSI) is currently below the neutral mark of 50.0, signaling that the cryptocurrency is in a bearish zone. 

The RSI has been weak for some time, reflecting investor pessimism and weak market sentiment. This bearish momentum is likely to continue, especially given that the broader cryptocurrency market is also showing weak performance, reinforcing the downward trend for XCN. The lack of positive momentum in the broader market further affects Onyxcoin’s ability to recover. 

XCN Price Needs To Break Out

Currently trading at $0.0122, Onyxcoin is holding just above the critical support of $0.0120. The coin has been trapped in a nearly two-month-long downtrend, and unless there is a significant shift in market conditions, this downtrend is expected to persist.

The next key support level for Onyxcoin is at $0.0100. Given the ongoing bearish indicators, it seems likely that the price will fall to this level, extending the downtrend. If the broader market conditions fail to show signs of improvement, Onyxcoin could see further declines, possibly testing even lower support levels.

However, the bearish outlook could be invalidated if Onyxcoin manages to breach its downtrend line and push past the $0.0150 mark. Successfully flipping this resistance into support would signal a potential recovery and could lead the price to $0.0182 or higher.

The post Onyxcoin (XCN) Price Fails Breakout Again, Amid Weak Transaction Activity  appeared first on BeInCrypto.

Crypto.com has ignited controversy within its community after proposing to re-mint 70 billion CRO tokens. This decision marks the reversal of a 2021 token burn intended to reduce the circulating supply permanently.

The move, which passed at the last minute with a decisive vote, has left many CRO holders feeling betrayed.

Crypto.com Makes Last-Minute Push to Secure Victory

The outcome remained uncertain for most of the proposal’s voting period, which ran from March 2 to March 16. While the “yes” votes narrowly led, the proposal did not pass the 33.4% quorum of eligible votes.

That changed on Sunday at 14:00 UTC when a sudden influx of 3.35 billion CRO tokens tipped the balance. This secured the necessary quorum and significantly boosted the “yes” votes. Notably, voter turnout was 70.58%, exceeding the required threshold. The final tally was 62.18% in favor, 17.61% against, and 20.11% abstaining.

To put it in perspective, only 11.86% of validators voted “yes,” with only two of its validators (Starship and Falcon Heavy) supporting the proposal initially.  

By the end of the vote, three more Crypto.com-controlled validators, Electron, Antares, and Minotaur IV, joined them. Meanwhile, two independent validators, Cosmostation and Polkachu.com, also backed the proposal.

Notwithstanding, their votes had minimal impact on the outcome as Crypto.com controls between 70-80% of the total voting power. This means the company tipped the scales through its dominance over the network.

Community members were quick to express frustration, accusing Crypto.com of manipulating the process. Based on the claims, it appears the Crypto.com exchange leveraged its significant control over the network’s validators. One large token holder voiced their disappointment on Telegram.

“They [Crypto.com] pushed their votes almost at the last minute. And now they created a precedent that other projects could follow,” Unchained reported, citing a community member on Telegram.

Repercussions for Crypto.com and Cronos Blockchain Upgrade

With the vote secured, Crypto.com is set to upgrade the Cronos blockchain, re-minting 70 billion CRO tokens. The newly minted supply will vest over five years and serve various purposes, including the potential creation of a CRO ETF (exchange-traded fund).

Notably, the original 70 billion CRO burned in 2021 will remain out of circulation. Nevertheless, the timing and nature of this decision have fueled skepticism within the community, especially given Crypto.com’s prior assurances that the 2021 burn was final.

A day after the controversial re-minting passed, Crypto.com introduced another proposal to burn 50 million CRO tokens. This constitutes about 0.07% of the freshly minted supply and has been met with widespread derision.

“It is a spit in all CRO holders’ faces. I mean, how dare you re-mint 70 billion tokens and on the same day start a proposal for burning 50 million tokens,” crypto journalist Laura Shin revealed, citing one validator who opposed the re-minting proposal on Telegram.

The comment reflects the general sentiment among the Crypto.com community. Many feel that this irreparably damaged their trust in the platform.

Amidst an outraged community and eroded trust in Crypto.com, the fallout from this decision could have long-term repercussions for the company and the broader Cronos ecosystem. Meanwhile, voting on the latest burn proposal continues.

Amidst this backlash, Cronos’ CRO price is down by almost 5%. BeInCrypto data shows CRO was trading for $0.08 as of this writing.

Crypto.com did not immediately respond to BeInCrypto’s request for comment.

The post Crypto.com’s 70 Billion CRO Re-Mint Decision Faces Backlash, Triggers Price Drop appeared first on BeInCrypto.

Cardano (ADA) has been experiencing a period of fluctuating price action. Despite efforts to recover, ADA has faced challenges in maintaining its upward momentum. 

While the altcoin has held onto an uptrend since the beginning of the month, it now faces a challenge. Traders may be pulled back from participating, potentially stalling any further price recovery.

Cardano Traders Are In Trouble

The sentiment around Cardano (ADA) is mixed. According to the Liquidation Map, short traders are at a disadvantage if ADA continues its uptrend. A breach of $0.77 would lead to the liquidation of approximately $20 million worth of short contracts.

This could result in upward pressure on the price as shorts are forced to close their positions. 

However, without strong bullish momentum, this upside potential may not materialize, keeping traders cautious. While short traders could face substantial losses if ADA rises, this risk does not necessarily mean that the uptrend is sustainable.

Overall, Cardano’s market momentum reflects a sense of uncertainty. The number of active addresses on the network has recently dropped to a four-month low of 20,700. This decline in investor participation indicates a lack of enthusiasm among ADA holders. Many investors are seemingly pulling back, waiting for clearer signals of recovery before re-engaging with the token. 

This lack of participation has had a negative impact on Cardano’s liquidity and transaction volume, further influencing its price dynamics. The decreasing number of active addresses also suggests that traders are hesitant to invest in ADA, which could slow down any potential price recovery.

ADA Price Faces Barrier

Cardano is currently trading at $0.70, holding above the support level of $0.70, and the uptrend line has supported the price since early March. The immediate target for ADA is to breach the $0.77 resistance level, but this remains a challenge. Achieving this would require a rise of approximately 9%, which may be difficult under the current market conditions.

In the absence of a broader market rally, ADA is likely to remain consolidated under the $0.77 resistance. Should the altcoin fail to hold the $0.70 support, it could experience a decline, potentially falling to $0.62. This would invalidate the recent bullish outlook, further dampening investor confidence.

If ADA successfully breaches the $0.77 resistance, it could rise to $0.85, thereby invalidating the bearish thesis. Such a move would likely signal a more sustained recovery, as it would clear a significant hurdle for Cardano.

The post Cardano (ADA) Traders Face $20 Million Liquidations if Price Rises 9% appeared first on BeInCrypto.

Decentralized perpetual exchange (DEX) Hyperliquid (HYPE) has reached a significant milestone, surpassing $1 trillion in total perpetual contract (perps) trading volume.

This achievement comes despite a broader market downturn, where major sectors have posted losses. While there has been slight growth today, it remains minimal, highlighting the market’s challenges.

Hyperliquid Dominates Perps Market 

According to data from DeFiLlama, Hyperliquid perps’ cumulative trading volume has surged to $1.1 trillion. This rise in activity highlights its growing appeal among traders.

Furthermore, as reported by Dune Analytics, weekly volumes have ranged between $40 billion and $50 billion. In fact, the platform now commands over 60% of the market share among perps platforms, solidifying its position as a powerhouse in decentralized finance (DeFi).

Besides its market dominance, Hyperliquid has made headlines for being central to a major development. As BeInCrypto reported, the platform gained widespread attention after a whale trader opened a 40x leverage BTC short position worth $423 million, triggering a “whale hunt.”

Nonetheless, the developments have not done much for the platform’s native token, HYPE. Instead, it has been underperforming, maintaining a consistent downtrend.

Over the past day, it has depreciated by 3.4%. At press time, it traded at $12.9, marking lows not seen since December 2024. Moreover, the platform has faced increased scrutiny following concerns about potential money laundering.

Analyst Forecasts: Will HYPE Reach $100?

Despite these struggles, an analyst predicted that HYPE could reach $50-$100, citing its status as the leading crypto DEX and its high-throughput Layer 1 blockchain.

In the latest X (formerly Twitter), he highlighted Hyperliquid’s impressive growth. The platform averages $6.7 billion in daily volume, a significant increase from $1.1 billion in October. This surge has increased its market share relative to Binance, jumping from 2% to 9% in just six months.

“If Hyperliquid can maintain just a fraction of its growth rate, we could see it reach ~20% of Binance’s volumes by the end of the year,” the post read.

According to the analyst, this expansion could significantly boost the HYPE token’s valuation.

“If Hyperliquid is able to reach 20% of Binance’s volume, I think we could easily see $40-50 HYPE with the uptick in earnings and a slight multiple expansion,” he said.

He also highlighted several factors that could fuel Hyperliquid’s continued success. The recent addition of native spot Bitcoin (BTC) trading, coin margin functionality, and the possibility of launching a delta-neutral stablecoin are seen as major catalysts for future growth. 

Another key development is the evolution of Hyperliquid’s Layer 1 blockchain ecosystem. The platform has attracted over 50 projects and holds over $2.3 billion in USDC and BTC deposits.

The analyst added that Hyperliquid has a strong potential to establish itself as the third most used blockchain, following Ethereum (ETH) and Solana (SOL), within the next few years. 

“Given ETH and SOL are worth $230 billion and $75 billion, respectively what does that make Hyperliquid’s potential L1 valuation? Even at 15-25% of ETH or SOL, that adds another $10-50 to the token price. $50 for the perps/spot/stablecoin product + another $50 for the L1 and $100 HYPE seems possible,” he predicted.

The post Hyperliquid Surpasses $1 Trillion in Perps Volume, but HYPE Token Continues to Struggle appeared first on BeInCrypto.

Solana’s meme coin creation platform Pump.fun has continued its transfer of SOL tokens. The platform recently transferred 196,370 SOL, worth approximately $25.3 million, to the Kraken exchange.

Additionally, Pump.fun’s daily fee revenue dropped from around 12,000 SOL, or $2 million per day, in February 2025 to less than 1,000 SOL, or $100,000 per day, in March, a 95% drop.

Pump.fun Transfers SOL to Kraken

According to EmberCN, the recent 196,370 SOL transfer consisted of two main transactions of 78,000 SOL and 118,370 SOL.

“The SOL that PumpFun transferred to Kraken today is only a small portion of the fee income from the past three weeks. In addition, there are 120,000 SOL that PumpFun redeemed as pledged SOL,” EmberCN reported.

As of January 2025, Lookonchain reported that Pump.fun had transferred 1.56 million SOL to Kraken. With SOL prices ranging from $180–$200 in Q1, this amount was valued between $281 million and $313 million. With the latest transfer, the total SOL sent to exchanges now reaches approximately 1.76 million SOL, worth around $219 million at current prices.

Declining Revenue at Pump.fun

Moreover, EmberCN further highlighted that in February 2025, Pump.fun’s daily fee revenue averaged 12,000 SOL per day or approximately $2 million per day. However, as of March 2025, revenue has dropped below 1,000 SOL per day, marking a 95% decline.

Previously, Dune Analytics data showed that Pump.fun generated 72,506 SOL in revenue on January 1, 2025, a 30% increase from its previous peak of 55,000 SOL in November 2024.

Pump.fun’s cumulative fee revenue is estimated to be nearly $600 million at the time of writing. A portion of this revenue appears to have been moved or sold.

The drastic fee decline is likely due to fading interest in meme coins. The meme coin craze on Solana peaked in late 2024 and early 2025. However, recent token performance on Pump.fun has failed to meet expectations. Only a small percentage of Pump.fun tokens reach wider markets like Raydium.

Previously, Pump.fun also contributed to the market boom by creating over 600,000 new tokens in January 2025. However, competitive platforms like Four.meme have captured community interest, despite suffering from hacks. Over the past 24 hours, six tokens launched on Four.meme have exceeded a $1 million market cap, while only one token on Pump.fun reached that threshold.

Moreover, according to EmberCN, PvP trading enthusiasm in SOL has plummeted, reducing transaction volume on Pump.fun.

The 95% revenue drop from February to March 2025 signals a potential downturn. Pump.fun’s heavy reliance on meme coins makes it vulnerable to market shifts. Meme coin market capitalization has dropped substantially, signaling a possible end to the “supercycle” of explosive growth. The ongoing SOL transfers to Kraken could indicate sales preparations, potentially putting downward pressure on SOL prices.

At the time of BeInCrypto’s report, SOL price is trading at $124.05.

The post Pump.fun’s SOL Transfers to Kraken Continue as Revenue Drops 95% appeared first on BeInCrypto.