$SUI on fire! š„ +60% in the past 7 days ā impressive right?! š
We all love green candles, but hey frens, donāt let FOMO lead the way blindly. History's full of ābuy high, cry laterā moments. š So before jumping in with both feet, letās slow down and check a few things.
Sure, SUIās price is pumping and stats like TVL, revenue, and daily active users (DAU) are showing some green too ā but letās peel back the hype.
š TVL? Yeah itās up⦠but remember, TVL can go up just because the price of locked tokens went up. Doesnāt always mean āmore people are using the chain.ā ššø
š DAU? About 2 million daily users, which is decent ā same level they had late 2024. But what caught our eye is that over 80% of that activity comes from just one app ā RECRD. Hmm š¤
So whatās RECRD? š„“šÆItās a SocialFi platform aiming to revolutionize short-form video usingĀ #Web3 tech. Think video NFTs + decentralized ad rev sharing for creators. Sounds cool, right? But also sounds kinda like the stuff we already got excited about years ago ā #NFT hype, Web3 buzzwords and all that jazz.
Hereās the kicker š According to Artemis, RECRD only pulled inĀ $100KĀ in the last 30 days. Compare that to other hot Dapps likeĀ Pump.funĀ or PHOTON doing aroundĀ $4M/month, and you get the picture. š
Not saying SUI canāt grow ā thereās potential for sure. But just a reminder: hype ā sustainability. šØ DYOR always, donāt get played by flashy numbers. Up is good, but smart is better. š#SUI Ā #CryptoHype Ā Ā #RECRD
$230B+ worth of stablecoins in the market right now!! š... but do you know which chain is the real boss when it comes to active users? š¤
Everyone talks aboutĀ $USDTĀ (overĀ $145BĀ supply) andĀ $USDCĀ (aroundĀ $59B), but the chain thatās quietly flexing with the most active stablecoin addresses is...Ā $TRX š
Yep ā over 3 million active users, accounting for 30%+ of all stablecoin activity! Thatās even more thanĀ $BNB Chain with ~2.2M (7% gap), and way ahead ofĀ $ETH ā which surprisingly only makes up 6% of stablecoin active addresses.
TRX might not always be in the spotlight, but when it comes to stablecoin usage... itās leading the pack. š
Gotta say, this one stings. Feeling for those still holding WING, especially if you bought back in early 2021 when it was flying high around $74. Now? Itās barely hanging under $1⦠thatās a brutal crash.ššļø
Itās a good reminder ā no matter how hyped or solid something seems at the start, nothingās guaranteed in this space. Tokens that donāt evolve or stay relevant can fade fast. And delisting from Binance? Thatās like being kicked out of the main stage. Weāve seen it before ā WAVES, VIA, OST ā once theyāre out, it's a steep climb (if they ever climb again). š¤”š«µ
Even with buyback plans, the reality is⦠WING hitting two digits again? Highly unlikely. The marketās moved on, and WINGās best days might be behind it. š¢š„¬
Lesson here? Stay sharp. Keep tabs on your portfolio. Donāt just āset and forgetā in crypto ā because sometimes, āforgettingā can cost you big. DYOR #WING #Delisting #CryptoLessons #StaySharp
Recovery plans? Weāve seen a bunch: Talk of token burns ā Buybacks? Possibly ā VC and partners stepping up with words of support ā
Even JP Mullin himself burning 300 MILLION OM from team allocation š„ā¦And yet, the price aināt popping off. š¶āš«ļø
So whatās going on? š¤
Letās be real. Community vibes right now are mostly āwait and see.ā No major pump yet. No fireworks. Just watching and hoping. But hereās a little heads-up based on past cycles weāve seen:
š Thereās a real chance whales could start accumulating quietly. š When their bags are full, you know what happens next: FOMO kicks in, price shoots up, and people start shouting āthis is your golden opportunity!ā
But friends⦠we've seen that playbook before. š„“š³ļø Often, thatās just the last dance before a big olā dump. Whales cash out. Retail holds the bag. You know the story.
Unless we see fundamental change ā like actual product adoption, stronger use cases, or a growing user base ā this might not be the comeback many are hoping for just yet.
So yeah, watch from the sidelines for now unless youāre ready for the rollercoaster. Weāre not saying donāt touch it⦠just donāt touch it blind.
Told you!š $BTC is now trading abobe $90k š„š
We once said that šš¦ā”ļø.."$BTC : Could go full ādigital goldā mode if markets freak out over trade wars. More uncertainty = more people stacking sats".. š now you see, right?
And for those who called our post at that time a bullshi*, read that post again šš¤” and hope you will get more brains. š«š„¦š„¬šāš«š§š„
#Trump ās Tariff Tsunami: What It Means for Crypto! šš°...... Well, folks, Trump just pulled out the tariff bazooka, and itās aimed at everythingāoil, gas, chips, metals, drugs⦠basically, if it moves, he wants to tax it. š„
So what does this mean for crypto? Letās break it down: šš
šĀ $BTC : Could go full ādigital goldā mode if markets freak out over trade wars. More uncertainty = more people stacking sats. š
š° Stablecoins & DeFi: If traditional finance gets messy, DeFi and USDT might be the new safe havens. (Congrats, Degen farmers, your APY addiction might just save you.) š¾Wow,Ā $ENA ,Ā #USUAL your chance coming!! š
š„ļø AI & GPU-Based Cryptos (Ā $RENDER ,Ā #AKT ): If chip prices skyrocket, AI blockchains could struggleāunless they pivot to mining crypto with potatoes. š„š
š¢ļø Oil & Metal-Backed Tokens: If Trump makes commodities hot again, tokenized gold and oil could pump. Imagine explaining to your grandma that your portfolio is up because you own crypto barrels of oil. š Or it;s timeĀ #OM to shine even more!! šš
ā”Ā BitcoinĀ Miners: If energy costs rise, US-based miners might be sweating harder than a trader watching his liquidation price. Miners in El Salvador? Theyāre chilling, sipping volcanic energy drinks. š
TL;DR: Short-term FUD, long-term Bitcoin dominance? Maybe. All we know is⦠if tariffs keep rolling in, crypto might be the only asset that doesnāt come with an import tax. š
Big move from #MANTRA today! š„š¢šļøāšØļø CEO & Founder JP Mullin just announced heās burning his entire 150 million $OM token allocation. šø Yep ā gone for good. This burn is part of a promise made last week to the community, aimed at rebuilding trust after the chaos and showing that the team is serious about long-term commitment.
Hereās whatās happening:š¤š ā”ļø These 150M tokens came from the Team & Core Contributor bucket and were originally staked at mainnet launch (Oct 2024) to help secure the network.š ā”ļø The unstaking process started today and will wrap up by April 29, 2025.š§® ā”ļø Once unstaked, every single token will be sent to the burn address ā permanently removed from circulation. š«µš„
But thatās not all ā MANTRA is also working with partners on another 150 million #OM burn. If that goes through, weāre looking at a total of 300 million OM removed from the supply. šļø
Whether this changes market sentiment or not, itās definitely a bold step. Letās see if this helps OM start turning the tide. DYOR! #BinanceLeadsQ1
Even though $OM ās CEO, the team, KOLs, and even some VCs came out swinging with strong support plans ā think token burn, buyback programs, and bold strategies ā the market still isnāt buying it⦠literally.šš¢š
#OM ās price continues to bleed, currently trading under $0.60, down nearly 10% just today. ššļøRemember all those ābuy the dip, get richā comments right after the collapse? 𤔠Well⦠from its all-time high of $9 to now? Thatās not a dip, thatās a canyon. š
Itās interesting ā despite all the noise and big promises, OM is still struggling to even stay above $1. It makes you wonder⦠šļøāšØļøšø Has the market already lost trust? Or is everyone just holding back and waiting to see how this plays out? š¦š¤
Letās just say: right now, talk is cheap ā and so is OM. #MANTRA
$OM ās trying to win us back ā one dashboard at a time! š ā
After the massive price crash, #OM has been scrambling to rebuild trust (yeah, weāve seen the statements... and the ever-changing token burn talk, lol). Now theyāve dropped Version 1 (v1) of a real-time dashboard to bring some much-needed transparency. šš¦
Whatās inside? š ā”ļø A detailed breakdown of both EVM and mainnet OM ā”ļø Live look at token supply, operational wallets, and other key holdings ā”ļø Direct wallet links so you can DYOR like a pro
Is it enough to restore confidence? š¤š Weāll see. But hey, itās a start ā transparency is always a step in the right direction! #MANTRA
The šŗšø U.S. Treasury is projected to issue over $31 trillion in bonds in 2025 ā thatās around 109% of GDP and 144% of M2 (money supply), marking the highest level in history! šļøāšØļø
The second round of Binanceās delisting vote has concluded. The top five projects by vote share were FTT (11.1%), ZEC (8.6%), JASMY (8.6%), GPS (8.2%), and PDA (7.6%).Ā
$RAY Fights Back with LaunchLab! ššÆ... $SOL 's biggest DEX, Raydium, just dropped something new ā LaunchLab ā their own token launch platform! š¤
Why now? Well, it's a direct response to the rising influence of Pump Fun and their new DEX, PumpSwap, which have been stirring up a lot of noise lately with meme coins and fast-moving tokens.
But Raydium isnāt just sitting back. š„ They're making moves: šø LaunchLab will help teams launch their tokens in a more secure and transparent way (take that, low effort memecoins š). šø25% of all fees generated by LaunchLab will be used to buy back $RAY ā bullish for #RAY holders! šš„
With Solana's meme coin season still buzzing, this feels like a smart counter-punch from Raydium to keep users and new projects on their side.
Hey frens, the #MANTRA team just dropped an official statement addressing the crazy OM price crash that happened on April 13 ā yeah, the one where OM nosedived by 92% in just one hour. šµāš«
So hereās the TL;DR of what they said (grab a coffee ā):
1ļøā£No, the MANTRA team didnāt dump tokens ā They swear none of the teamās or advisors' OM was sold during the crash. All of that is still locked, they claim.
2ļøā£The dump came from the ERC-20 #OM crowd ā Thatās the old OM token on Ethereum, which has been fully in public hands since 2020. Over 123K wallets hold it, and itās basically fair game for anyone to trade.
3ļøā£What triggered it? ā According to them, a bunch of OM tokens were being used as collateral on exchanges. When prices started to dip (during a super low-liquidity time, like 2am HKT), some positions got force liquidated.
That started a chain reaction: š“ Liquidations caused the price to drop š“ That drop triggered even more liquidations š“ That spiraled into a brutal feedback loop š“ Boom ā we hit rock bottom
4ļøā£ Only a small portion of the newer MANTRA Chain OM was involved ā That stuff is still mostly locked up too. Right now, about 53% of the total 1.81B OM supply is circulating, and 92% of that is from ERC-20. So yeah, the crash mostly came from the legacy token side. š„“
MANTRA says they're still investigating and will keep sharing updates as they confirm more. Theyāre also promising more transparency going forward (letās hope so, right?). š So, did this answer all our questions? Not really. š But is it something? Yeah, at least now we know what they think happened.
Letās keep watching closely. Whether OM can recover or not ā thatās the million-dollar question. šø Stay sharp out there and as always... DYOR. #CryptoCrash #OnChainDrama #StayInformed
Hey frens, some fresh news from the ZKsync team š
They just announced that one of their admin accounts got compromised, and aroundĀ $5Ā million worth of ZK tokens (from the unclaimed airdrop supply) were taken. š¬
ā ļø But before you panic ā here's what you really need to know: ā User funds are safe ā ZKsync protocol and token contracts are untouched ā This was an isolated incident tied only to the airdrop contract ā Security measures are already being taken
So this isnāt a protocol-wide issue or a flaw in the smart contracts ā itās a case of a compromised admin key, which unfortunately can still cause damage even when the system is solid underneath.
The team says a full breakdown is coming later today, so letās stay tuned. For now, breathe easy ā your tokens are safe, and this seems like a cleanup job thatās already in motion. š§¹š»
$OM ās Comeback Plan? Buyback, Burn⦠and Big Questions Still Remain š š„
So JP Mullin, #MANTRA 's CEO, has finally spoken out after the recent price collapse. One of the key things he mentioned?
A token buyback and burn are in the works. Sounds good on paper, right? At least it gives a little hope to holders who are currently deep underwater. š„²
He also promised that the team will now focus on sharing accurate and timely info with the community. Cool. We love transparency ā but letās be honest, talk is cheap and what weāre all waiting for is real action.
Buyback & Burn: The Go-To Damage Control Moves? šø š¤Buybacks and burns are classic tools when projects try to clean up after a mess. The idea is to reduce circulating supply and give the token price a bit of a lift. But hereās the thing: buybacks cost money. Real money. š„“ ... So... whereās that money coming from? š¦š
Whatās OMās Financial Status Anyway?šš„ Thatās the tricky part. We tried checking platforms like Artemis and Token Terminal, but OMās financials are either limited or straight up missing. Unlike top-tier protocols that publish detailed revenue stats, treasury health, or fee data, OMās financial house still feels like a black box. š³ļø
Our guess? š¤ If this buyback happens, itāll most likely be funded from previous VC rounds, not profits from actual protocol operations ā because we just donāt see clear revenue streams.
Can OM Bounce Back? š£š¶āš«ļø Letās be real ā for #OM to return to its pre-crash price, it needs a +900% pump from where it stands now. 𤔠Thatās a massive hill to climb, and itās going to take more than just tweets and promises to get there.
But hey, weāll be watching closely. Either this becomes a textbook comeback story, or a deeper fall is waiting. For now, fingers crossed š¤... and wallets cautious.
Stay sharp out there, frens. And remember: words are cheap, but on-chain never lies. š„ DYOR!#WhaleMovements
Silentrocket
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JP Mullin, CEO ofĀ #MANTRA Chain, spoke at the BTCON RWA Summit today about the wildĀ $OM price crash overnight š
š« No hack š« No insider or investor dumping š„ Just big wallets usingĀ $OM as collateral got liquidated = crash happened fast
He said a full post-mortem is coming soon, and no team members made profit from this mess. šš¦ They even pulled out from a planned ETH Seoul š°š· side event to focus on the situation. Looks like theyāre taking it seriously ā letās see what comes next. š DYOR!Ā #OM Ā #MANTRAChain Ā #CryptoNews Ā #LiquidationWipeout
KERNEL Token: Pump, Play, or Pass? Letās Talk Real Talk
So you saw $KERNEL pop up on #Binance and thought, āIs this my next 10x moonshot?ā Or maybe you're already holding bags and wondering, āDid I just ape into a trap?āš¤š Donāt worry, frens ā weāve been there. Letās break this down together, with zero fluff and full facts. āļø Quick Stats (as of now):ā” Market Cap: ~$48 million24hr Volume: ~$510 million (yep, 10x the market cap š³)Circulating Supply: ~162 million tokensProject: Backed by KelpDAO, one of the players in the LRT (Liquid Restaking Toke
Some of you asked: āShould I put my hard-earned $$ into $KERNEL ?ā š .... š Well, betting on a fresh #Binance listing like KERNEL can definitely boost your adrenaline ā especially during the first few days after TGE. Tokens usually move fast in that early window, and if you play it right, you might walk away with some sweet gains. š¤
But if youāre thinking long-term investment? š Uhh⦠not so fast. š¤
Hereās why: šš š KERNEL is tied to #KelpDAO , which only holds about 16% of total LRT market share ($758M). Compare that to $ETHFI , which dominates with 70%+ ($3.29B). Thatās a massive gap. So when it comes to LRT kings, KERNEL isnāt wearing the crown. š š Also, letās be real ā the LRT narrative? Already pumped hard last year. So we say: wait and see. Let the hype cool down and then make your move (if any).
š TL;DR: Fun to trade short-term? Maybe. Long-term solid bet? Not convinced (yet). Trust your strategy. DYOR. Donāt ape blindly. #kernel
$OM Collapse: The Real Story? (According to #OddEyeResearch šš) So hereās the tea ā on the OM meltdown, simplified for the rest of us:
š„ Whoās behind the mess? ā”ļø OddEye thinks the OM crash wasnāt just bad luck. They suspect insider manipulation ā a small group (including maybe the MANTRA team) controlled 90%+ of OM tokens and pumped the price together. Then one of them broke the pact⦠and the whole thing unraveled. Classic āprisonerās dilemmaā vibes. š„Manipulation receipts? ā”ļø They say the token deposits/withdrawals on exchanges perfectly matched insider wallets moving tokens. That kind of coordination smells like a setup ā or worse, a pump-and-dump. š„Whatās this $AUM token? ā”ļø Turns out the #MANTRA team may have been planning to ditch OM for a new token called $AUM. But then someone (a 3rd party) said: āNah, letās stick with OM ā easier to pump it on Binance than list a brand new one.ā So they switched plans. š„ The pump story: ā”ļø Using funds from this 3rd party (and maybe the $11M raise), they pumped OMās price all through 2023 and early 2024. Theyād pull tokens off exchanges to make supply look scarce⦠then pump it. Later, theyād quietly dump tokens back on exchanges. š„ What caused the collapse? ā”ļø One insider (possibly under financial pressure) broke ranks and sold a massive chunk. Rumor is they were forced to liquidate because they had borrowed against #OM as collateral. That sale sparked a liquidation cascade. Boom ā price crash. š„ Why this matters: ā”ļø The insiders still seem to be around. So while the team says āwe had nothing to do with it,ā the evidence is painting a different picture.
š§ TL;DR: This wasnāt just a volatile market move. It looks like an insider game that went wrong. And for regular holders? You were just along for the wild ride.
DYOR. And maybe donāt trust tokenomics controlled by 5 wallets. š¬ #WhaleMovements
$ENA and $ACH just teamed up to make jumping into $USDe and #ENA way easier. šš¤š
Now you can grab these tokens straight from fiat using Visa, Mastercard, Apple Pay, Google Pay, and more ā in over 173 countries and 50+ currencies. No excuses, even your grandma can ape in now. š
ššš Just head over to the Ethena Swap portal, and youāll see Alchemy Pay listed as the official fiat on-ramp. Smooth as butter.
Why does this matter? š¤š Because $USDe isnāt just another stable ā itās a crypto-native synthetic dollar that uses delta-hedging with #BTC , #ETH , $SOL and stablecoin reserves. And now itās easier than ever to get your hands on it (and on ENA too, the governance token). š
Props to Alchemy Pay for keeping crypto accessible ā already trusted by the likes of Tether, Uniswap, Coinbase Wallet, and now Ethena too. DYOR! š#AlchemyPay #USDe
Some of you asked how bigĀ $OM ās market share really is in theĀ #RWAĀ space. Sure frens, letās take a quick peek at the numbers. š
According toĀ Ā Ā RWA.xyz, OM currently holds just 0.71% of the tokenized RWA market ā thatās aroundĀ $74Ā million out of the totalĀ $10Ā billion. š§®
For context: ā¶ļøĀ $ETH is still the king, owning 52% of the pie (aroundĀ $5.7B). ā¶ļø EvenĀ $XLM (yep, Stellar!) beats OM with a 4.53% share ā nearlyĀ $475Ā million.
So⦠now you get why that sky-high OM price before the collapse felt a bit too good to be true. š¤·āāļø
Moral of the story? Always check the actual market share before you ape in. Otherwise, youāre just buying dreams priced like dominance.Ā #OM Ā #RWAMarket Ā #RealityCheck Ā #MANTRA