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Pi Network’s token has surged 86% in value, reflecting strong market interest despite ongoing controversies.
Quick Take This is an excerpt from the 22nd edition of The Funding sent to our subscribers on Feb. 23. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.
Quick Take A recent proposal by the Arbitrum DAO’s recently-appointed Growth Management Committee has sparked backlash after recommending that 7,500 ETH be deployed to Lido, Aave, and Fluid, three decentralized finance protocols not native to Arbitrum. The proposal argues the selected protocols “represent safe applications that achieve conservative yield and strongly support ecosystem growth,” while critics argue the move signals that Arbitrum-native protocols are inferior. Should the proposal fail, the co
- 11:07Two Tron Addresses Holding Over 10 Million USDT Each FrozenAccording to ChainCatcher, Whale Alert has detected that two Tron addresses, each holding over 10 million USDT, have been frozen. One address holds 12,756,824 USDT, valued at approximately $12,765,084, while the other address holds 11,308,430 USDT.
- 10:12Data: Ethena project-related addresses transferred ENA to CEX again 2 hours agoAccording to ChainCatcher, on-chain analyst Yujin has monitored that after Ethena announced on July 21 that StablecoinX would use ENA as reserves, an address associated with the Ethena project team began transferring ENA. A total of 150 million ENA (worth $77.35 million) has been sent to a certain exchange over the five days since the announcement, with the most recent transfer to the exchange occurring two hours ago.
- 09:49An institution that spent $100 million USDT to participate in the PUMP private sale sold its last 8 billion PUMP tokens early this morning, earning a total profit of $8.2 millionBlockBeats News, July 26 — According to on-chain data analyst Yujin, the largest institutional private placement address for PUMP transferred its remaining 8 billion PUMP tokens (worth approximately $20.11 million) to FalconX eight hours ago, completing the full sale of its privately acquired PUMP and securing a profit of $8.2 million. Reportedly, this address participated in the institutional round of pump.fun’s private placement with 100 million USDC, acquiring 25 billion PUMP tokens (at the same price as the public sale, with no lock-up period), making it the largest institutional private placement address. Since the 16th, this address has been gradually transferring PUMP to FalconX, and cleared out its holdings early this morning. The average transfer price was about $0.0043, resulting in a profit of $8.2 million.