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The meme coin market remains under pressure, looking at performance in the past 24 hours. The top-5 most liquid meme coins, including Dogecoin (DOGE), Shiba Inu (SHIB), BONE, and Floki Inu (FLOKI), are down 17%, 15.7%, 10.7%, 24.2%, and 17.34%, respectively. Memecoins in the red. Source: Coinmarketcap Coingecko data shows that most of these coins have been on the receiving end, posting losses. Some of them, including DOGE, SHIB, and BONE, edged higher until seven days ago. Meanwhile, others like FLOKI and PEPE have been falling in the past weeks. You might also like: Shiba Inu devs unveil Shibarium scaling plans amid technical challenges Despite the drawdown across the board, a few are firm. Some, including HarryPotterObamaSonic10Inu (ERC-20), HarryPotterObamaPacMan8Inu, Shibarium Token, and CAT, are up, rising 56.52%, 79.98%, 1290.31%, and 448%, with the last 2 being new launches. Shibarium Token price charts. Source: Coinmarketcap Shibarium is now trading at $0.02 aft...

While Cardano supporters are bullish, recent withdrawals of Bitcoin Cash by whales could slow down their uptrend . Because of these concerns, some investors are exploring Borroe and examining the platform’s scalability and real-world utility. Whales withdraw $27.5 million of Bitcoin Cash In June, Bitcoin Cash rallied after the United States Securities and Exchange Commission (SEC) alleged that several altcoins were unregistered securities. However, over the last seven days, Bitcoin Cash has dropped by 11.19% and is currently trading at $250.87. You might also like: Bitcoin cash (BCH) surges 166.3% over past 2 weeks Analysts attribute the decline to Ripple’s recent victory over the SEC, leading institutional investors to favor proof-of-stake (PoS) protocols over proof-of-work (PoW) protocols like Bitcoin Cash. As a result, Bitcoin Cash bears predict that prices may dip below $240 in the near future.  The situation is worsened by whales who hav...

2022 will go down in the books of crypto history as the year of collapses and bankruptcy filings. Right from 3 Arrows Capital to Celsius, Terraform Labs, Voyager, and Vauld to Genesis, Alameda Research, and FTX, a bunch of prominent names feel down on their knees. Their disintegration fractured the crypto space as a whole, and investors had to bear the brunt of the same. FTX Investors Not The Worst Affected FTX was among the top exchanges before its collapse. Until now, it seemed like its investors were the worst-affected victims. That might, however, not be the case. A recent analysis thread on Twitter by Chainalysis noted, “Our data suggests that FTX ’s demise hasn’t been crypto investors ’ biggest issue this year. Both the depegging of Terra’s UST token & the collapse weeks later of Celsius & Three Arrows Capital ( 3AC ) drove much bigger realized loss es.” In the case of UST, the investor loss figure stood at $20.5 billion. The same stood at a whoppin...