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Artist threatens legal action on ‘Chill Guy’ meme tokens; community responds

Some community members advised the artist to just try to get rich from the situation and retire. 

The creator of the art used in the viral “Just a chill guy” meme threatened to take legal action against memecoins that use the image. 

On Nov. 15, the Just a chill guy (CHILLGUY) token was launched on the Solana network. The token became popular, reaching a market capitalization of $580 million at one point. The memecoin trades at $0.40, with a market cap of $400 million, at the time of writing.

Chill guy memecoin chart. Source: GeckoTerminal

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Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Only 43% of users qualified for Hamster Kombat’s season 1 airdrop

The Hamster Kombat team said that 2.3 million users were banned from the game for cheating. 

The team behind the popular Telegram clicker game Hamster Kombat has revealed the details of its season one airdrop, saying that 60 billion tokens will be airdropped to qualified users. 

In an announcement posted on X, the Hamster Kombat team said that 75 billion of its 100 billion Hamster Kombat (HMSTR) tokens for the project are allocated to its community members.

The team revealed that 60% of the total token supply will be airdropped after season one, and the remaining 15% will be distributed during the upcoming season two of the clicker game. 

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Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

What are they worth today? NFTs that sold for millions

Investors who purchased NFTs just a few years ago may have reason to regret their decision.

Non-fungible tokens (NFTs) aren’t what they used to be. 

At the peak of the NFT hype cycle, it appeared the whole world might be captured by digital artwork mania.

NFT collections such as CryptoPunks and Bored Apes captured the cultural zeitgeist, gaining traction through 2021 into 2022. Celebrities including Justin Bieber, LeBron James, Tony Hawk and Madonna acquired artworks, generating a string of headlines in mainstream media outlets. 

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Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

‘Time Is a Flat Circle’ – Analyst Sees Solana (SOL) Mirroring 2021 Price Action That Led to Nearly 980% Rally

‘Time Is a Flat Circle’ – Analyst Sees Solana (SOL) Mirroring 2021 Price Action That Led to Nearly 980% Rally

A closely followed analyst thinks Solana (SOL) may be repeating a pattern witnessed three years ago before the smart contract platform surged to its all-time high. Pseudonymous analyst Inmortal tells his 214,700 followers on the social media platform X that Solana appears to be printing a series of bullish higher-low setups on the two-day chart after […]

The post ‘Time Is a Flat Circle’ – Analyst Sees Solana (SOL) Mirroring 2021 Price Action That Led to Nearly 980% Rally appeared first on The Daily Hodl.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Celebrity crypto tokens will ‘absolutely’ catch SEC’s eye — Lawyers

Celebrities who have brazenly shilled their memecoins on X in recent months run a high risk of attracting the attention of the SEC and class-action lawsuits.

Celebrities who have recently created and promoted memecoins on Solana could be breaking securities laws and “will absolutely catch the attention” of the United States securities regulator, according to lawyers.

US-based public figures, including Caitlyn Jenner, Iggy Azalea (real name Amethyst Kelly), Jason Derulo (real name Jason Desrouleaux) and many others, have launched and promoted crypto tokens using their likeness since late May.

“Nothing gets the SEC to act faster than shilling a memecoin,” Creo Legal founding director David Chung told Cointelegraph.

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Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Arbitrum daily revenue surges 16,500% after LayerZero’s ZRO launch

LayerZero’s “not an airdrop” ZRO token airdrop has spurred a new peak for Arbitrum’s daily revenue.

LayerZero’s token launch on June 20 caused a massive surge in fees on Arbitrum, leading to a record $3.43 million daily revenue for the blockchain, a bump of around 16,680% compared to ththe day prior.

LayerZero launched the ZRO token on Thursday but triggered criticism over its obligatory “donation” mechanism — which requires claimants to spend a small amount of money per token to nab their allocation.

These mechanics pushed up the average gas fees on the blockchain, which hit 89 cents, up from its typical less-than-1-cent fee.

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Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

‘Airdrop Hunter’ Receives $753,000 Worth of ZK Tokens Before Depositing Into Binance: Lookonchain

‘Airdrop Hunter’ Receives 3,000 Worth of ZK Tokens Before Depositing Into Binance: Lookonchain

An “airdrop hunter” secured $753,000 worth of the new ZKsync token (ZK) via 85 wallets, according to the crypto tracker Lookonchain. Lookonchain notes the trader proceeded to deposit 2.71 million ZK worth $678,000 into Binance and sold 300,000 ZK for 20 Ethereum (ETH) worth $69,000 via the decentralized exchange (DEX) SyncSwap. ZKsync is a layer-2 […]

The post ‘Airdrop Hunter’ Receives $753,000 Worth of ZK Tokens Before Depositing Into Binance: Lookonchain appeared first on The Daily Hodl.

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Arkham Offers a $150,000 Bounty for the Identity of Alleged Donald Trump’s DJT Token Creator

Arkham Offers a 0,000 Bounty for the Identity of Alleged Donald Trump’s DJT Token CreatorArkham, a cryptocurrency analytics platform, has put a bounty of 100,000 ARKM, valued at $150,000, for information leading to the reveal of the creator of DJT, a Solana token linked to the former President and current Republican presidential candidate Donald Trump. While the token was issued with Trump’s involvement according to sources, there has not […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

41% of top ZK airdrop wallets have already sold everything — Nansen

The data covered the “top 10,000 addresses” that received zkSync’s new ZK token, though that only makes up 1.4% of the total wallets eligible for the ZK airdrop.

Nearly half of the top wallets that received the new zkSync (ZK) token on Monday, June 17, have already sold their entire allocation in the airdrop, contributing to a 34.5% fall in the price of ZK since its launch.

Data from blockchain analytics firm Nansen shows that nearly 41% of tracked addresses sold their entire airdrop, while 29.2% sold at least some of their tokens. The total amount sold across both cohorts was over 486 million ZK.

Just over 30% of the top receiving wallets have held onto their ZK tokens.

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Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum

Mother Token Celebrity Iggy Azalea Mocks Ethereum’s Vitalik Buterin in Breastfeeding Meme

Mother Token Celebrity Iggy Azalea Mocks Ethereum’s Vitalik Buterin in Breastfeeding MemeIggy Azalea, the female rapper and composer behind the MOTHER token issued on Solana, mocked Vitalik Buterin, an Ethereum co-founder, using a meme that shows her carrying a baby with Buterin’s face after being breastfed. Besides posting the described meme, Azalea stated that “he was just hangry (sic).” Azalea’s reaction comes after Buterin’s statements against […]

Crypto Trader Says One Top-50 Altcoin Could Go Up by Over 100%, Updates Outlook on Bitcoin and Ethereum