Prix de TokenFiTOKEN

EOS rebrands to Vaulta amid pivot to 'web3 banking', plans to launch new token

EXCLUSIVE: GLIF protocol launches token, distributes 94 million GLF in airdrop as it expands beyond Filecoin

EXCLUSIVE: Stablecoin protocol Gyroscope rolls out token and airdrop amid revenue growth

Burwick Law Firm has initiated a class action in the Supreme Court of New York against Kelseir, KIP, and Meteora, alleging that the parties collaborated to orchestrate an unfair launch of the LIBRA token. The law firm claims the accused groups misled purchasers and harmed retail investors through a flawed process. The law firm confirmed the filing in a recent post on X, noting that this isn’t the first time the defendants have been involved in similar actions. They allege that the defendants employed misleading market tactics to exploit participants and secure illegal gains. Furthermore, Burwick Law Firm stated that the group failed to disclose crucial information that would have raised red flags about the project’s viability. Burwick Law Firm clarified that its filing is based on its counsel’s investigation, which involved reviewing and analyzing press releases, news articles, websites, state corporate filings, and other publicly available information regarding the LIBRA token. Based on their findings, the firm accuses Kelsier Ventures, Meteora, and KIP Protocol of planning and executing a deceptive, manipulative, and unfair launch of the LIBRA token. Related: Argentina Seeks Interpol Red Notice for LIBRA Crypto Scandal Figure According to reports, Burwick Law Firm believes the LIBRA token launch team carried out a premeditated economic initiative. They suggest the defendants designed the program to stimulate financial growth in Argentina by providing funding to small businesses and startups. The firm pointed to a post on LIBRA’s website that stated; “In honor of Javier Milei’s libertarian ideas, we are launching $LIBRA Token, designed to strengthen the Argentine economy from the ground up by supporting entrepreneurship and innovation.” Related: Argentina Crypto Watchdog Sidesteps LIBRA Mess, Focuses on New Rules Based on these details, the law firm accuses the defendants of capitalizing on an apparent endorsement by Argentina’s President Javier Milei, creating an impression of legitimacy and presenting the token as a digital asset with significant investment potential. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Following the peak of 2024, Shiba Inu’s market cap has significantly crashed by $12 billion, all the way from $20 billion to now at $7.55 billion. This massive retreat comes as Bitcoin and all other altcoins have seen major price revisions over the past few months. Also, concerns surrounding a US recession have induced further selling pressure on Shiba Inu, amid major sell off in the broader meme coin sector. However, crypto market analysts believe that the recent correction in Shiba Inu price might be nearing its conclusion. Several market analysts believe that the decline in the Shiba Inu price could be nearing its end very soon. As per the recent data from ShibBurn , there’s been a significant uptick in SHIB coin burns, with the burn rate surging by a massive 62,000% in the last 24 hours. This spike was majorly due to a single user transferring 460 million SHIB coins to a dead wallet. Since the token’s launch, over 410 trillion SHIB coins have been burned, reducing the circulating supply to approximately 584 trillion. Another reason behind the Shiba Inu price recovery could be that it could benefit from the broader macroeconomic trends. Historically, both the stock and crypto markets have corrected during periods of macro uncertainty. However, these corrections are often followed by sharp bounce backs. For instance, the markets plummeted when COVID-19 was declared a pandemic but staged a robust recovery soon after. The Federal Reserve’s upcoming interest rate decision could act as a catalyst for SHIB and other cryptocurrencies. With recession concerns mounting, the Fed might signal further rate cuts this year. Historically, cryptocurrencies, including Bitcoin and Shiba Inu, have performed well during periods of monetary easing. Shiba Inu’s ecosystem continues to grow through targeted initiatives designed to boost its utility. On February 21, Shytoshi Kusama announced significant upgrades to ShibaSwap, the project’s decentralized exchange (DEX), marking another step forward in its development, as highlighted in our previous report. Lucie, the marketing lead for the Shiba Inu team, recently unveiled key details about the newly launched SHIB OS. Describing it as a foundational innovation, Lucie emphasized its pivotal role in securing the future of decentralized governance within the Shiba Inu ecosystem, as noted earlier. Despite the heavy uncertainty, the Shiba Inu team remains confident of the coin’s future growth, as mentioned in our previous report. Technical indicators suggest that Shiba Inu could be heading for a strong bullish breakout this year as SHIB has been forming a falling wedge pattern. Amid this pattern, the two descending and converging trendlines have converged at around $0.00001260, while coinciding with the lowest swings of July, August, and September last year. The Relative Strength Index (RSI) for SHIB has broken above the descending trendline that has capped its highest swings since December. Similarly, the Percentage Price Oscillator (PPO) has confirmed a bullish crossover, further signaling potential upward momentum. With these technical indicators aligning, Shiba Inu’s price is poised for a strong breakout. The next key psychological target to watch is $0.000020, representing a potential 60% gain from current levels.