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With the Satoshi-era Bitcoin whale waking up after 14 years of dormancy and moving over 80,000 Bitcoins worth $8 billion, speculation is ripe that Bitcoin evangelist Roger Ver is behind these transfers. Market speculators also believe that the whale is active once again following his recent release from prison. Amid this massive whale moment, BTC
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The crypto market had a volatile week that ended on a not-so-positive note, led by Bitcoin. Altcoins experienced a similar week, with many noting losses, especially the meme coins, some of which are inching closer to a new all-time low.
BeInCrypto has analyzed three such meme coins, which showcase the different intensities of the market’s drawdown: some noted weekly lows, and others saw massive losses.
BRETT price had gained 9% over the last week but lost all the gain on Friday after seeing major corrections. The meme coin is trading at $0.0379, below the local resistance of $0.0429.
The meme coin continues to struggle against broader bearish market conditions, making it difficult to break higher. However, with sustained interest, a rise above resistance remains possible.
The primary target for BRETT is to breach $0.0478 and flip it into support after noting a 17% rise. This has been an ongoing challenge for the altcoin, with previous attempts failing over the past month.
Successfully flipping $0.0478 into support would open the path for further growth, potentially pushing BRETT above $0.0500.
However, if BRETT fails to break through $0.0429, it could retrace to $0.0372. Falling below this level would invalidate the current bullish outlook, potentially sending the altcoin down to $0.0348.
GOAT has faced a persistent downtrend since the start of the year, currently trading at $0.0634. This prolonged decline has erased nearly all of its previous gains. The market’s overall bearish conditions have kept the altcoin struggling, making it difficult for GOAT to secure upward momentum.
Currently, GOAT is trading just above its all-time low (ATL) of $0.0601, having experienced a significant 37% decline over the past week. If the market conditions remain unfavorable, the altcoin could see a drop below $0.0600, potentially marking a new ATL and deepening its losses.
However, if GOAT receives support from bullish investors or market sentiment shifts positively, it could stage a recovery.
The meme coin’s target would be $0.1104, and if it successfully breaches this resistance, the bearish outlook could be invalidated, helping GOAT recover from its recent losses.
TRUMP initially jumped to $13.11 this week before seeing a drop to $12.28 on Friday. The meme coin has managed to hold above the key support level of $12.10, indicating a stabilizing trend amid the broader market’s volatility.
This support level continues to be critical for price movements.
While TRUMP reached an intra-week high of $17.14, the altcoin has struggled to maintain upward momentum. The ongoing downtrend and prevailing bearish market conditions pulled the price back down.
Moving forward, TRUMP is likely to consolidate between $17.14 and $12.41, with these levels marking significant resistance and support.
The only way this neutral outlook is invalidated is if TRUMP falls below $12.41. A breakdown below this support could lead the altcoin to slide toward its all-time low (ATL) of $11.07, signaling a more bearish trend.
This would also extend the losses seen in the current downtrend.
The post This Week in Meme Coins: BRETT Gains 10% While TRUMP and GOAT Suffers appeared first on BeInCrypto.
The post Solaxy and Remittix Backers First to Access Skyren DAO’s Generous Token Surge appeared first on Coinpedia Fintech News
Traditional airdrop campaigns have often led to short-term speculation rather than sustainable engagement. Many investors claim tokens only to sell immediately, preventing long-term community growth. In response, DeFi projects are now shifting toward structured airdrop systems, linking token distributions to staking, governance participation, and curated rewards programs.
Skyren DAO has adopted this approach through its Token Surge Event, offering 500 free SKYRN tokens to Solaxy and Remittix presale participants. This system ensures that recipients are not only rewarded but also integrated into Skyren DAO’s governance and incentive-driven airdrop ecosystem.
Skyren DAO selected Solaxy and Remittix due to their high-value contributions to the blockchain ecosystem. Both projects focus on scalability, real-world payments, and financial accessibility.
Solaxy is a Layer-2 scaling solution for Solana, designed to reduce congestion and lower transaction fees. By processing transactions off-chain before settling them on Solana’s mainnet, Solaxy enhances scalability while maintaining Solana’s security model. The project has raised $23 million up to date, demonstrating strong market demand.
Remittix is a blockchain-powered remittance platform that enables fast, low-cost cross-border transactions. Unlike traditional payment providers that charge high fees and require long processing times, Remittix facilitates crypto-to-fiat transfers with minimal costs and near-instant settlement. The project has already raised $12.5 million in its presale, solidifying its place in the global remittance market.
Skyren DAO’s airdrop brings Solaxy and Remittix investors into its governance-driven DeFi model, where token holders benefit from staking rewards and curated airdrop distributions.
Skyren DAO has streamlined the airdrop process for eligible participants:
Once claimed, SKYRN tokens can be used for staking, governance participation, and airdrop rewards.
The SKYRN token is built to serve as a DeFi rewards asset, allowing holders to participate in governance and receive curated token distributions.
Holders can stake SKYRN tokens and earn continuous rewards, getting a stable income stream while securing network liquidity. Pre-staking options allow early adopters to lock in higher APY rates, maximizing their earnings before SKYRN is publicly traded.
Skyren operates as a decentralized autonomous organization (DAO), where SKYRN holders vote on major governance proposals, such as staking structures, platform upgrades, and airdrop distributions.
Instead of random airdrop distributions, Skyren provides curated token rewards, ensuring that every SKYRN holder benefits from vetted blockchain projects.
Skyren’s Contributor Keys, a Polygon-based NFT system, offer additional perks, including:
These incentives turn SKYRN into a long-term rewards asset, ensuring that holders engage with the platform beyond the initial claim. Skyren DAO’s governance model and staking system have been analyzed by Crypto Volt, highlighting the benefits of structured airdrop incentives.
Skyren DAO’s Spin The Wheel feature increases engagement by rewarding token buyers with additional incentives.
This feature provides continuous engagement, keeping the Skyren community active and invested.
Solaxy and Remittix presale participants have limited time to claim their 500 free SKYRN tokens, gaining access to governance, staking rewards, and curated airdrop programs. This marks a shift toward long-term DeFi incentives, ensuring that investors actively participate in structured airdrop rewards.
Complete the verification process today to secure SKYRN tokens before the claim period ends.
The post Solaxy and Remittix Backers First to Access Skyren DAO’s Generous Token Surge appeared first on Coinpedia Fintech News
Traditional airdrop campaigns have often led to short-term speculation rather than sustainable engagement. Many investors claim tokens only to sell immediately, preventing long-term community growth. In response, DeFi projects are now shifting toward structured airdrop systems, linking token distributions to staking, governance participation, and curated rewards programs. Skyren DAO has adopted this approach through its …
Nike is under fire after a group of investors filed a class action lawsuit, accusing the sportswear giant of causing massive financial losses by shutting down RTFKT, its Web3-focused subsidiary acquired in 2021.
The investors claim Nike’s actions led to a sharp collapse in the value of Nike-branded NFTs, wiping out millions in investments.
According to court documents, Nike allegedly “rugpulled” the community by closing RTFKT and cutting off demand for the associated digital assets.
The plaintiffs argue that Nike used its brand power and marketing expertise to promote what they describe as unregistered securities before suddenly abandoning the project.
This NFT project made $168M
Nike bought it
Elon Musk and Kanye West wore their shoes
Now the collection is gone
And so are the foundersThe rise, fall, rug of RTFKT and Clone-X
(1/9) pic.twitter.com/aLnaz4kGAf
— StarPlatinum (@StarPlatinumSOL) April 24, 2025
The lawsuit claims Nike capitalized on the crypto boom to drive NFT sales. Investors purchased the NFTs hoping they would increase in value, thanks to Nike’s promotional efforts.
However, once RTFKT was dissolved, these incentives vanished. Buyers who once anticipated exclusive rewards and profitable resales saw their investments lose value almost instantly.
“Because The Nike NFTs derived their value from the success of a given promoter and project – here, Nike and its marketing efforts – investors purchased this digital asset with the hope that its value would increase in the future as the project grows in popularity based on the Nike brand,” the lawsuit stated.
The complaint highlights that promises of completing quests, unlocking limited-edition products, and opportunities for secondary sales were key motivations for purchasing the NFTs.
With the collapse of RTFKT’s operations, these incentives evaporated, leaving investors with worthless digital assets.
Adding to their argument, the plaintiffs insist that Nike NFTs qualify as securities under federal law. They claim Nike failed to register the digital assets with the US Securities and Exchange Commission (SEC) or disclose the associated risks.
The investors argued that they would not have purchased the digital assets at inflated prices if they had known the true risks.
“Plaintiff and others would never have purchased the Nike NFTs at the prices they did, or at all, had they known that the Nike NFTs were unregistered securities or that Nike would cause the rug to be pulled out from under them,” the investors argued.
The plaintiffs seek a jury trial and damages exceeding $5 million for the alleged violations of consumer protection laws in New York, California, Florida, and Oregon.
Meanwhile, this lawsuit comes as investor frustrations were further amplified on April 24 when technical issues prevented the Nike-linked NFT images from displaying.
RTFKT’s head of technology, Samuel Cardillo, explained that the outage resulted from a Cloudflare contract ending earlier than expected.
“Beginning of April, the decision to stay on Cloudflare Free was (finally) approved and I started the work to move the infrastructure. Somehow this morning Cloudflare decided to move to the Free plan few days before the end of the contract which also triggered that bug in which Cloudflare refuses to stream images and videos,” Cardillo explained.
While most images have since been restored, Cardillo is now moving RTFKT’s NFT files to Arweave’s decentralized storage platform using AR Drive. This step aims to protect NFT holders from similar outages in the future.
The post Nike Faces a $5 Million Lawsuit Over Its Collapsed NFT Project RTFKT appeared first on BeInCrypto.
