FOMO strikes again! 🚨
Imagine losing $898.5K in just 4 hours… Well, that's exactly what happened to one poor soul who splurged 5,800 $SOL on 7.2M $RTR at the peak price, only to sell it all for a measly 113.3 $SOL after the inevitable crash. Ouch! 😱💸
But in the wild world of rug pulls, there's always someone making a fortune. 🤑💰
While our unfortunate friend was losing big, 5 insider wallets raked in over $4M in just 6 hours! They bought $RTR early for $882K and cashed out for a cool $5.05M. These wallets, freshly minted today, scream "insider trading" louder than a fire alarm! 🚨💼
So, next time you're tempted by a memecoin, remember: unless you're in on the scheme, it’s probably safer to stay out of the beast's lair! 🐉💀
📊 The volume of losses due to hacks of decentralized applications in the crypto industry has been decreasing in recent quarters. However, experts note an increase in the share of economic hacks, such as token price manipulation.
This trend is highlighted in orange on the graph from IntoTheBlock. Essentially, it has become the main source of losses for DeFi applications over the past six months.
💵 Tether will double its staff over the next year to better meet regulatory requirements — by mid-2025, the workforce will reach 200 people.
Just 200 people managing $115 billion.