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quick take A single wallet received a $3 million airdrop of STRK tokens. The value of STRK declined to $3.50, marking a decrease of 13.69%. Starknet’s token has achieved a 24-hour trading volume of $1.58 billion. Assessing the Impact of a $3 Million STRK Token Airdrop and Subsequent Price Decline The recent distribution of a…
Football sensation Lionel Messi has revealed his forthcoming RWA collaboration with the Join The Planet initiative, causing a surge in volatility for the project’s native token. Significant Surge in Token Volatility Recorded on Feb. 21, According to CoinCodex Data Data obtained from crypto aggregator CoinCodex indicates a notable increase in the volatility of the token,…
Amidst its prominent position as Solana’s premier perpetual swap futures exchange, Drift Protocol has initiated its own points program in January, designed to provide rewards for users in anticipation of an upcoming airdrop. Rewarding User Engagement Under Drift Protocol’s points program, users are allocated points on a weekly basis, contingent upon their trading volume. This…
Optimism, a Layer 2 network, has announced its fourth airdrop initiative, which is specifically tailored to reward web3 artists. According to an official statement, the airdrop has distributed 10,343,757.81 OP tokens, valued at approximately $40.8 million, to 22,998 different addresses. Users are granted the opportunity to claim these tokens until February 13, 2025. In a…
In a remarkable display of confidence and enthusiasm, Blast, an Ethereum layer-2 scaling solution, has witnessed an extraordinary influx of stakes during its ongoing presale phase. With over 145,000 users collectively staking a staggering $1.9 billion, the project has captured the attention of the crypto community, signaling a significant vote of confidence in its potential….
In late January, Magic Eden, an NFT marketplace, introduced its rewards program after a year of meticulous planning. The program, referred to as the Diamond rewards program, aims to give back to Magic Eden’s original users, collectors, and creators. It operates on a points basis, promising airdrop tokens to participants. These rewards will be distributed…
In the dynamic landscape of blockchain ecosystems, the rivalry between Magic Eden and its Solana counterpart, Tensor, has taken an intriguing turn with the tantalizing prospect of an impending airdrop. As anticipation mounts, Tensor’s strategic move into rewarding territory is poised to reshape the competitive landscape and attract a wave of eager participants. The Prelude…
In a specialized interview centered on gaming with Cryptonews, David Johansson, the CEO of BLOCKLORDS, explored the enduring connection between cryptocurrency and gaming. He shared insights into the game’s journey to its current status, overcoming challenges along the way, leveraging industry conditions and acquired expertise to establish a platform facilitating the launch of Web3 games,…
A new trend has emerged in the cryptocurrency space: airdrop farmers are flooding GitHub repositories with comments in hopes of securing tokens from future airdrops, and developers are feeling the strain. Pseudo, a researcher at Scroll, expressed frustration, urging users not to inundate GitHub with comments solely for farming purposes. The Scroll core team, already…
In a surprising move, the Ronin Network announced a PIXEL token airdrop for its users, sparking excitement and speculation within the crypto community. The airdrop, which caught many users off guard, represents a strategic maneuver by the Ronin Network to incentivize and reward its user base while also promoting the adoption of its native token,…