TOKENFI

The crypto community suspects that the Solana memecoin sector could be in serious legal trouble. In this regard, the Securities and Exchange Commission (SEC) would be preparing a lawsuit against the Pump.fun platform. With this latter, anyone can easily and quickly create tokens with low budgets.
Speculations about a possible lawsuit against the platform have intensified following the blocking of Pump.fun's account on the social network X. Simultaneously, the account of its founder, Alon Cohen, also received the same sanction from Elon Musk's network.

Token unlock events totaling over $443 million are scheduled for the week from June 16 to June 23 as per Tokenomist data.
Fasttoken and ZKsync lead the large cliff unlock category, while Solana dominates linear unlock schedules across multiple cryptocurrency projects.
FTN and ZK lead large cliff unlocks
Fasttoken leads the weekly cliff unlock schedule with 20.00 million FTN tokens valued at $88.80 million, accounting for 2.22% of the unlock supply. This represents the largest single token unlock event during the June 16 to June 23 period.
ZKsync is the second-largest cliff unlock with 768.52 million ZK tokens worth $38.24 million and accounting for 20.91% of the unlock supply. The ZK unlock affects a large percentage of circulating token supply compared to other projects.
Arbitrum comes in at number three with 92.65 million ARB tokens valued at $30.79 million, accounting for 2.19% of the unlock supply. Other cliff unlocks include S token with 47.63 million tokens valued at $15.96 million, affecting 1.63% of the unlock supply.
ID token is followed by 72.65 million tokens valued at $12.03 million, accounting for 6.89% of the supply to be released. ApeCoin aims to release 15.60 million APE tokens valued at $10.52 million, accounting for 1.81% of the supply.
Smaller cliff unlocks are MELANIA with 26.25 million tokens valued at $7.00 million, LISTA unlocking 33.44 million tokens valued at $6.98 million, and ZKJ unlocking 15.53 million tokens valued at $5.46 million. All of these cliff unlocks feature massive one-time token unlocks valued at over $5 million.
Solana leads linear unlocks
Solana leads the linear unlock class with 465.77K SOL tokens worth $72.57 million, representing 0.09% of the circulating supply. The SOL unlock has a pattern of a series of daily releases instead of a one-time large unlock.
Worldcoin is in second place with 37.23 million WLD tokens worth $36.78 million and 2.69% circulating supply. Celestia has 50.40K TIA tokens worth $18.81 million linearly, affecting 0.57% supply.
Dogecoin has 95.89 million DOGE tokens valued at $16.93 million worth of linear unlocks, which represent 0.06% of circulating supply. Bittensor linear unlocks hold 6.96 million TAO tokens valued at $12.32 million, representing 1.03% of supply.
Avalanche distributes 700.00K AVAX valued at $13.56 million in linear release, which is 0.17% of circulating supply. Sui distributes 3.35 million SUI worth $10.28 million, which is 0.10% of supply.
There are also other linear releases including MORPHO with 6.96 million tokens worth $9.95 million, ETHFI releasing 8.46 million tokens worth $9.14 million, and DOT releasing 2.30 million tokens worth $8.86 million. Jupiter releases 4.20 million JTO tokens worth $9.84 million, and IP releases 2.32 million tokens worth $8.42 million through daily linear release mechanisms.
Other less popular unlocks
Several cryptocurrency projects face substantial unlock pressures despite lower market visibility. Parcl tops this category with 14.2 million PRCL tokens that are set to be unlocked, worth $1.1 million and making up 1.42% of the whole locked supply, according to CoinMarketCap statistics.
With 22.98 million MSTAR tokens valued at $109,026.79, or 2.30% of all locked tokens, Star AI comes next. The MSTAR token has declined 17.35% in the past 24 hours and currently has a market cap of $2,862,344.
SuperRare boasts good unlock momentum with 91.72% progress. The coin has 13.34 million RARE tokens worth $714,356.27 due to unlock, representing 1.33% of locked total supply. Cronos has minimal unlock activity, with only 2.33% progress. A total of 1.17 billion CRO tokens, worth $108.11 million, are still due for release.
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The token, known as TOKEN, has garnered a significant number of holders, about 18,800, on both the BNB and ETH chains. Despite facing a turbulent first launch, the token has managed to establish itself on a prominent trading platform.
The FLOKI network is now engaged in a dispute with Bitget over the listing of a counterfeit version of TOKEN, resulting in the recording of substantial trade activity.
The Floki Inu (FLOKI) ecosystem gained significant attention recently due to the introduction of its TOKEN and associated ticker, TokenFi. This development aligns with the ecosystem's overarching objective of capitalizing on the tokenization sector, which is anticipated to reach a value of $16 trillion by the year 2030. The premier's actions generated controversy when the Bitget exchange posted a counterfeit TOKEN, so enabling its availability in the public market 12 minutes prior to the formal tradability of FLOKI network's genuine TOKEN on the blockchain.
The pace of adoption of FLOKI network's TOKEN is seeing a significant acceleration.
Following a week of contentious discussions between FLOKI, TokenFi, and Bitget exchange, it has been confirmed that TOKEN has successfully obtained a listing on Binance, which is recognized as the exchange with the highest trading volume. Consequently, TOKEN will be made accessible for futures trading on Binance, offering leverage of up to 50X. By doing so, the token becomes a part of the highly liquid cryptocurrency perpetuals market, which is anticipated to significantly enhance TokenFi's market liquidity. This strategic decision aligns with TokenFi's objective of capitalizing on the predicted $16 trillion tokenization market by 2030, hence facilitating wider acceptance and utilization.
In just under a week after its first release, TokenFi, the symbol representing the TOKEN asset, has already demonstrated impressive figures and gained notable momentum within the ecosystem. According to a recent statement on FLOKI's official X platform, there are currently 8,800 individuals holding FLOKI tokens on the #BNB🔥 and ETH blockchains. The circulating supply of FLOKI tokens has reached a peak worth of $55 million, while the diluted market capitalization stands at $550 million. The coin has furthermore obtained listings on the largest and most reputable exchanges within the market.
In the meanwhile, the network remains engaged in a dispute with Bitget, subsequent to the exchange's inclusion of a counterfeit iteration of TOKEN. The FLOKI ecosystem recently brought to light the unsuccessful endeavors of a centralized exchange in manipulating TokenFi. It elucidated that the exchange engaged in the sale of TOKEN, amounting to over $10 million, to customers while lacking possession of those tokens and without the necessary authorization to market them, as stated by FLOKI.

FLOKI also disclosed that Bitget compelled the liquidation of all user holdings on November 2, providing consumers with a compensation of to less than 20% of the tokens' market value, which users had legitimately acquired on their platform.
As of the present moment, the current price of #Floki Inu is at $0.00003044, indicating a decrease in value of 0.83% over the course of 24 hours. It is worth noting that there is a continuing load-shedding exercise. The meme cryptocurrency has already shown that a turnaround in its momentum is underway.
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