The World Foundation raised $52.5 million by selling 217.4 million WLD tokens to strategic investors at a roughly 30-40% discount to market price, triggering a 9% drop in the token price. The tokens sold are locked for one year and were not sold on exchanges. This funding round, alongside a recent 43% cut in daily token emissions, aims to reduce selling pressure and support the token's value. However, selling pressure remains elevated, with exchange supply tripling since June, posing ongoing risks to price recovery.
Cryptocurrency prices exhibit a range of changes, with Ethereum (ETH) rising over 7% and NEAR gaining more than 9%. Bitcoin (BTC) increased nearly 2%, while several altcoins like Binance Coin (BNB), Ripple (XRP), and Cardano (ADA) also posted gains. ...
Cryptocurrency markets saw a general decline with major coins like Bitcoin dropping 2.03% to $77,737 and Ethereum falling 1.66% to $2,457.87. Other notable cryptocurrencies such as Binance Coin, XRP, and Dogecoin also experienced significant decrease...
Ethereum Classic dropped sharply by 11.77% to $7.88, making it the biggest loser among major cryptocurrencies today amid a wider altcoin downturn without specific news. In contrast, NEAR Protocol rose 5.26% to $2.45, possibly driven by ongoing ecosys...
The VVV cryptocurrency jumped 55.9% in 24 hours to $27.86, standing out in an otherwise steady crypto market where Bitcoin gained just 1%. This surge highlights growing investor interest in smaller altcoins despite Bitcoin's dominant 58.4% market sha...
Aerodrome Finance surged 20.14% to $0.6569, leading crypto gainers due to growing interest in its decentralized finance ecosystem. Meanwhile, Arbitrum, a major Ethereum layer-2 project, fell 11.09% amid challenges sustaining recent gains. Other notab...
