NFT News by Thebittimes.Com

With Solana ’s memecoin mania seemingly reaching fever pitch, multiple token presales have been announced over the past few days with varied results. One such project, SLERF, raised $10M on Solana before disaster struck at launch. According to the project’s developer, while attempting to burn SLERF’s LP tokens (which would ensure liquidity for trading the token) they also accidentally burned the tokens allocated to presale investors. Guys I fucked up. I burned the LP and the tokens that were set aside for the airdrop. Mint authority is already revoked so I can not mint them. There is nothing I can do to fix this. I am so fucking sorry. — Slerf (@Slerfsol) March 18, 2024 With the minting functionality already disabled, there was little to be done for those who had invested before launch. However, the error seemed to draw plenty of attention and, with no presale holders to dump on them, memecoin-hungry traders aped in. Dev: Shows complete incompetence by burning $10M USD ...

Sei, Kaspa, and the memecoin Bonk are leading today’s gains, with notable price and trading volume surges.  Sei has witnessed a remarkable 21% increase in value over the past 24 hours and an impressive 64% rise over the week. This surge is primarily attributed to the heightened activity on the Pallet Exchange, Sei’s native NFT trading platform. The platform recently celebrated a significant milestone, surpassing $1 million in market place volume on Boxing Day, reflecting a growing interest in NFT trading within the Sei ecosystem. Sei is known for its unique approach to blockchain technology, focusing on optimizing the trading experience with high transaction speeds and reduced costs, making it a favored choice among traders. Pallet $SEI NFTs Pallet Exchange has crossed over $1million in marketplace volume! This is a huge milestone for not only ourselves, but this vastly growing ecosystem. We are still extremely early. NFTs on $SEI are just getting started. ️ pic.twitter...

In an announcement to the PEPE community, it was claimed that three former members stole funds from the project and then handed over full control to the sole remaining member. The circumstances behind the mysterious $16 million withdrawal from the Pepecoin (PEPE) project’s multisig wallet have seemingly been revealed, with the finger being pointed at three ex-team members who went rogue. On Aug. 24, the price of PEPE plunged by roughly 15% amid fears of a potential rug-pull after the community spotted that $16 million worth of PEPE was withdrawn from the Pepe multisig wallet and sent to several exchanges. 1/4 1 hour ago, the Pepe multisig wallet, changed the amount of signatures required on their multisig from a 5/8 to 2/8. This comes after sending $15.7 million worth of $PEPE to exchanges. A breakdown of what we know: pic.twitter.com/bxBxp6Nzqz — ASXN (@asxn_r) August 24, 2023 Clearing up the matter in an Aug. 25 post on X (Twitter), one of the anonymous founding members be...

Bitcoin’s NFT market is growing, but it is primarily driven by newfound hype for memecoin trading on the blockchain. The monthly trading volume of nonfungible tokens (NFTs) and memecoins on Bitcoin in May surpassed Solana’s volume, according to data from CryptoSlam.  Bitcoin ordinals trading volume currently stands in second place behind Ethereum, which did $393 million in NFT volume, more than twice that of ordinals on Bitcoin (BTC) in 30-days starting April 23. Bitcoin gained a significant lead over popular block chain s like Polygon, ImmutableX, BNB Chain and Solana during this period. According to a Dune dashboard by BRC-20 token standard creator Domo, BRC-20 token transactions accounted for the majority of ordinals activity on Bitcoin. The BRC-20 token standard is an experimental fungible token standard built using ordinals. It has harbored hype for memecoin, speculative cryptocurrencies whose price action is fueled by certain enthusiastic communities. The total market capitali...

Machi Big Brother’s Bet On PEPE? According to a transaction record on Arkham, Machi Big Brother, a well-known NFT mogul, purchased 5 billion $PEPE tokens for $9,100 USD approximately 14 hours ago through a Uniswap V2 Pool. This was followed by a 6B token purchase, worth $12,000 USD, just four hours ago. advertisement The transaction was made through his Ethereum address ‘machibigbrother.eth’ and the PEPE tokens were purchased at an unknown average price. This is not the first time that Machi Big Brother has made a large purchase in the crypto space, as he has acquired over 66 billion $ PEPE tokens in the past three days with a total investment of 73.4 ETH. On April 23rd, Machi Big Brother took to Twitter and rejected claims that he was the founder of Nakamigos or the $ PEPE token. Trending Stories MATIC Price Analysis : Polygon Price Losing Monthly Support Hints an Upcoming fall of 15%; Kee...