Author: Yeek.io

Dune analytics showed over 60% of pump.fun traders experienced losses, while 311 wallets have earned over $1 million in the last six months. According to recent data from the on-chain analytics platform Dune, more than 2.4 million wallets or around 56% of pump.fun traders have experienced losses amounting to at least $1,000 in the last six months. Meanwhile, only 311 wallets were able to make more than $1 million by investing in meme coins launched on the platform. The large gap between profit and loss on the meme coin platform indicates that most traders on the meme coin site have…

MXC price has reclaimed a key level around $0.0040 and keeps holding above it, potentially printing a higher low and keeping on track to resume the uptrend. Moonchain (MXC) has surged 70% in the past 24 hours and is currently trading at $0.0042. The token is rebounding strongly after a sharp pullback to $0.0023, following a parabolic rally that saw its price skyrocket from around $0.0010 to a peak of $0.0061 in just two days — a 500%+ gain. The trading volume is still elevated compared to the pre-breakout levels, indicating sustained interest and the potential for continued volatility. Looking…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The recent Movement Foundation (MOVE) token meltdown, where a market maker seemingly dumped millions of tokens immediately after listing, is yet another case study in web3 market dysfunction. Crypto is rooted in innovation and technical rigor, but too often, it lacks something more fundamental: operational and financial maturity.  Most web3 tokens are launched by teams with strong technical ability, but less financial experience or discipline. These are teams of engineers and visionaries—builders with deep protocol expertise but…

Moroccan authorities have arrested Badiss Mohamed Amide Bajjou, a French-Moroccan national accused of playing a leading role in a string of high-profile kidnappings targeting cryptocurrency executives and their families in France. Per a local media report, Bajjou was apprehended on Wednesday, June 4, in the northern Moroccan city of Tangier. Acting on a 2023 Interpol red notice requested by French authorities, Morocco’s National Brigade of the Judicial Police and the General Directorate for Territorial Surveillance launched a coordinated operation that led to Bajjou’s arrest in Tangier. The 24-year-old, originally from Le Chesnay, west of Paris, was reportedly found in possession…

Singaporean meme coin-focused startup MemeCore is planning to enter the Korean market by purchasing an company listed on the Kosdaq stock exchange. According to a recent press release from the company, the layer 1 blockchain project declared that it is currently in the negotiation phase of the acquisition of a South Korea-listed company. The firm declares it is in the process of reviewing several company listed on one of the leading stock exchanges in the country. At press time, the company has not unveiled the name of the Kosdaq-listed company it plans to purchase. However, it has revealed what it…

Cardi B’s promotion of the WAP memecoin on X the other day sparked a 100% price surge, only for its market cap to crash from $2.5 million to $139K shortly after, as wallets that had accumulated five days before the post dumped. On June 3, rapper Cardi B promoted the memecoin Wet Ass and Pussy (WAP) on X, sharing its contract address and declaring, “WAP is back. Even wetter than last time.” Her post sent WAP’s price surging from the opening price of $0.0011 to an intraday high of $0.0022 — a 100% spike. Source: Dexscreener However, the hype was…

The Ethereum Foundation has introduced a new treasury policy designed to ensure long-term sustainability while supporting the ecosystem’s continued growth. According to a June 4, 2025 statement, the Ethereum Foundation is refining its treasury management framework. Central to the new policy is a disciplined asset-liability management approach that balances risk and liquidity to safeguard financial stability. It provides clear guidelines for token sales, fiat reserves, and strategic on-chain investments while prioritizing transparency and long-term sustainability. While it has historically relied on holding ETH, the new strategy will aid the foundation in taking a more active approach to treasury management, including…

ZORA, the native token of the Zora network, may be headed for a short-term correction, with technical indicators flashing bearish signals.  According to data from crypto.news, Zora (ZORA) surged by 28% to hit an intraday high of $0.0128 on June 5, pushing its market cap above $40 million. However, the rally was short-lived.  Prices quickly retraced a chunk of those gains, even as daily trading volume spiked more than 150% in the last 24 hours, a possible sign of distribution by early holders. ZORA initially rallied after South African hip-hop artist Jaykatana revealed that his latest track, “SIZOKUTHOLA”, was launched…

Collaterize has officially launched its RWA launchpad on Solana, opening the door for anyone to tokenize and trade tangible assets like real estate, private equity, and collectibles directly on-chain. Collaterize (COLLAT) has launched its RWA launchpad, allowing anyone to turn real-world assets like real estate, private equity, or collectibles into tradable tokens on Solana (SOL). To get started, creators need to hold at least 100,000 COLLAT tokens, complete KYC/KYB, and submit documentation about the asset for due diligence. When launching a token, the platform raises 120% of the creator’s target amount. Of that, 100% goes directly to funding the asset…

SPX6900 had a strongly bullish outlook on the 1-day chart A move beyond $1.2 seemed likely, but the indicators showed short-term weakness from buyers SPX6900’s [SPX] bulls have been charging higher over the past two weeks. The memecoin was not affected by Bitcoin’s [BTC] dip from $111k to $104k, and continued to trend higher through the chaos. Since Sunday, 18 May, SPX has gained by 84% on the charts. The trading volume has been high too. Over the past week, the memecoin sector shed 9.6% of its value. However, the SPX6900 token rallied by 31.4%. This robust performance underlined relative…