Phoenix Global token soars by 5,600% in just four minutes — But there's a catch
Phoenix Global quickly became the 52nd largest cryptocurrency by market cap. It took just four minutes for a relatively unknown cryptocurrency to rise by over 5,600% as of Nov. 5, according to data from CoinMarketCap.Dubbed Phoenix Global (PHB), the token soared from $0.02057 to as high as $1.1413 on Nov. 5, with its volume dropping surprisingly — from $3.79 million to around $777,680 in the same period.Phoenix Global (PHB) price action in the last 24 hours. Source: CoinMarketCapNonetheless, at the core of the massive PHB pump was a token migration and a technical glitch, which....
Related News
In a surge reminiscent of dogecoin’s recent rally, the value of the XRP token soared by more than 100% in just 48 hours. After starting the day at $0.29 on January 30, data shows that the token peaking at just above $0.67. At the time of writing, XRP is trading at around $0.66 As shown on markets.Bitcoin.com, after this price surge, the market capitalization of XRP went up to almost $28 billion, a figure close to double that of Polkadot. This means XRP has now reclaimed its position for now as the fourth highest-ranked crypto. Similarly, data from messari.io shows that XRP....
It’s been two days since the Terra development team launched the new Phoenix-1 blockchain with the network’s native token LUNA. While the token dropped significantly in value during the first day of trading, the new LUNA has jumped 8.8% in value during the last 24 hours. Amid the token’s 24-hour rise, controversy continues to plague Do Kwon and Terraform Labs. Moreover, the old token, luna classic (LUNC), has been climbing in value as the crypto asset has gained more than 70% during the last day.
New LUNA Coin Jumps Over 8% Higher on Monday, Token Is Still Down....
Yearn Finance founder Andre Cronje’s new defi token called KP3R has soared more than 3,600% in just over 24 hours after official launch, as yield farmers pour in millions of dollars into the project. The token opened at just $10 on Uniswap on Oct. 28, but is currently trading at $373.58, as of press time. According to Coingecko data, over $402 million in volume has been traded in the past 24 hours, with investors providing a total $7.6 million in liquidity. The digital asset’s market capitalization exploded similarly, reaching $73.6 million – a level equalling number 109....
In its pursuance to deliver the most secure, private and untraceable transaction system, team Cloakcoin has announced the upgradation of its wallet service. Phoenix, as the new wallet version is titled, is built in response to the prevailing instability of the older wallet version. As Cloak itself quoted, the latest version solves many of the problems that were associated with its predecessor, mainly related to stability, speed and ease-of-use. The latest Phoenix wallet will feature a quick and easy wallet setup. Unlike the wallet software whose sync process takes a lifetime to finish, the....
After climbing to $11.33 per unit seven days ago on May 30, Terra’s new LUNA 2.0 token has lost more than 56% in value against the U.S. dollar. Amid the market performance, a number of former Terra-based decentralized finance (defi) projects are transitioning over to the new Phoenix-1 blockchain. In addition to the defi projects re-joining the Terra ecosystem, the whistleblower known as Fatman continues to accuse Terraform Labs (TFL) and Do Kwon of manipulative tactics such as allegedly lying about making LUNA 2.0 community-owned. Fatman alleges Kwon and TFL have access to shadow....