Memecoins such as BONK will eventually go to zero because they have no real utility or value. Attention is not utility, since every asset that has pumped had attention. The best approach is to take profits while everyone is euphoric and to favor major coins over going all in on memes. x.com  x.com  x.com 

MultiversX's exploit exposed hidden centralization and a reckless design that badly damage trust in EGLD. A sharding flaw let a hacker mint 76M EGLD, about 2.5x supply, and the chain kept running instead of halting, so the hacker sent tokens to exchanges and sold some; three days of downtime followed. The code holds an undisclosed foundation-controlled off-switch, though whether it was used is uncertain. Exchanges may reconsider listings, and a sell-off could come once holders can move coins. … Show more

Dogecoin, Pepe, Floki and Bonk are the safer memecoin bets because they hold up far better than new hype-driven tokens. With Fear & Greed at 10, memecoin market cap is still above $45 billion, and the last time that happened a massive rally followed; over 90% of recent launches died under whale selling. Dogecoin leads and could integrate with X Money; Pepe reclaimed a $1.7 billion market cap on surging volume; Floki is expanding into gaming; Bonk is holding strength, with Gemini listing perps. … Show more

TAO's narrative took a big hit after Covenant appeared to completely rug existing holders of its subnet tokens Templar, Grail and Basilica, prompting an exit from both the subnets and TAO. It is like the largest app on a layer-1 rage-quitting the chain and taking all value from its own token. Coming back depends on seeing network-level updates that prevent a repeat, which are in the works. x.com  x.com  x.com  x.com 

Solana's largest corporate holder moving tokens to an exchange is not a good look for SOL. Per a quoted report, Forward Industries, which holds over 7 million SOL, moved 455,784 SOL worth about $32M to Coinbase Prime after a month of inactivity, and Lookonchain estimates its treasury carries about $1.1B in unrealized losses. SOL trades around $66, about 77% below its record peak. x.com 

Compound's COMP is a case of total value destruction: the DAO is giving another $52M to a foundation that has delivered zero revenue to token holders, with no clear plan for the money. It would have been better to say nothing; a decision market like MetaDAO's would fix this governance. x.com  x.com  x.com  x.com  x.com  x.com  x.com  x.com 

PUMP is set to fall further despite Pump.fun's burn of about $370 million of bought-back tokens, roughly 36% of circulating supply. The team sold about $500 million worth onto holders and gave nothing to the community that built the platform. The token already fell despite about $1 million a day of buybacks for a year, making this the most bearish buyback and burn ever. x.com  x.com  x.com