Cryptocurrency News Official TheBitTimes.com

A Solana (SOL) whale recently moved 1.6 million tokens as the asset slips into the list of trending crypto asset s amid a massive 52% increase over the past 30 days. According to whale-tracking platform Whale Alert, the funds were worth $50.39 million at the time of the movement. On-chain data confirms that the transaction occurred today at 06:01 (UTC) and involved two unidentified Solana wallets. 1,634,618 #SOL (50,394,845 USD) transferred from unknown wallet to unknown wallethttps://t.co/2yMzqHsxsf — Whale Alert (@whale_alert) October 23, 2023 The transfer has triggered mixed reactions, especially considering the limited information surrounding it. While some market watchers posit it could signify an attempt at selloff amid the recent price surge, others speculate the movement could be geared towards self-custody. You might also like: Solana gaining momentum according to Nansen report Solana surges 52% in 30 days The substantial whale movement coincides wit...

JPEX’s attempt to transition into a DAO has sparked controversy and frustration among some users. The users who claim their assets were converted without their consent. The exchange is also facing scrutiny from authorities in Hong Kong. In a surprising move, the JPEX cryptocurrency exchange has initiated a contentious DAO Shareholder Dividend Scheme, leaving some users in distress as their assets reportedly get converted without their consent. JPEX recently announced its intention to transform into a decentralized autonomous organization (DAO) and offered users the opportunity to convert their frozen asset s into DAO Stakeholder dividends at a 1:1 ratio. Additionally, the exchange introduced a repurchase option, allowing users to recover 30% of the conversion price after one year and 100% after two years. Disquiet among customers JPEX’s scheme was seemingly devised to tackle JPEX’s ongoing liquidity challenges, providing an incentive for...