Crypto market

BTC - 26024 -1.43%.

The growth leaders among altcoins are WBT.

Fall leaders are PEPE, SUI, CFX.

BTC dominance is 49.25%.

Altseason index 27.

 

PEPE plunges as strange token movements spark fears of rug pull

The price of the frog-themed memecoin Pepe plunged nearly 15% after changes to a multisig wallet and token transfers ignited fears of a “rug pull” by its developers.

The allegations — as well as the negative price action — came as $16 million worth of Pepe tokens were sent from the developers’ multisig wallet to various crypto exchanges on Aug. 24.

According to data from blockchain custody app Safe Global, the wallet address transferred 16 trillion Pepe tokens — approximately 3.8% of the total supply — to three exchanges and an unverified wallet address.

Following the transfer of the 16 trillion Pepe tokens to exchanges, the developers made a curious change to the team’s multisig wallet, which at the time of publication still contains $10 million worth of Pepe.

Data from Etherscan shows that the wallet now only requires two out of eight signatures — formerly five out eight — to sign off on whether or not the wallet should make transfers. 

Notably, the transfer of funds marked the first time that Pepe tokens had ever been sent from the project's multisig wallet to exchanges.

 

Mastercard and Visa REJECTED their partnership with Binance.

Visa stopped issuing Binance Card back in July, while Mastercard will terminate the agreement in September.

In February, the exchange lost access to US banks, in May - in Australia, since September 22 - in Argentina, Brazil, Colombia and Bahrain.

Users from these countries will not be able to withdraw crypto to a card, pay in stores, or receive cashback in BNB.

On a global scale, the pressure against Binance is not great. Any negative news about CZ and the exchange affects the bitcoin.

 

LOST the password to the wallet with $200 million.

A programmer from the USA received 7002 BTC as a gift in 2011, and then he safely blew the keys to his IronKey wallet.

For 10 years he has been trying to recover the password. There are 2 attempts left, after which the wallet will be blocked.

 

XRP at $500 in 7 months, Wells Fargo.

Possible growth potential from 14,185% to 71,328%.

The forecast is based on the strength of the asset's liquidity, that is, the activity of buyers and sellers.

Higher liquidity strength facilitates fast and stable execution of trades.

 

Ripple has it. Currently, between 50 and 75 billion XRP are held in the accounts of 1,000 large holders (75 million XRP each).