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Altcoins

Shocking 97% Crash in Ripple’s (XRP) Value Locked: What Does it Mean?

Much like the rest of the cryptocurrency market, XRP also went on a wild ride in August. The altcoin went through a serious crash in its value at the beginning of the month but the bulls were able to stage a v-shaped recovery, as illustrated in the chart below. Source: CoinGeckoWhile XRP’s price is moving more or less in line with the market, the total value locked within the protocol has recently crashed massively. Value Locked in XRPL Plummets 97% The total value locked...

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Tron Founder Justin Sun Introduces Memecoin Generator on Tron

Pump.fun has launched on the Tron blockchain to allow users to deploy memecoins easily. It comes with a vetting process to prevent pump and dump scams witnessed on competition platforms. Justin Sun-associated DeFi platform Sun.io has released SunPump, a memecoin generator allowing users to launch tokens effortlessly. This platform comes as competitor pump.fun, operating on the Solana network, has become the heart of the memecoin narrative over the past few months. The Solana-based memecoin...

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