Altcoin News by Thebittimes.Com

As the airdrop period for the Solana-based WEN token ended, a quarter of its supply was burned due to unclaimed tokens. The WEN token, a homage to the cryptocurrency community’s frequent inquiries about new token mintings, was part of a novel experiment involving fractionalized NFTs. Claiming for $WEN has officially finished. For the duration of Wen's upbringing, we have been emitting $WEN to the community via the claim . Now, there are no more emissions and over 1/4 of the total supply will be burned forever. We are excited to immortalize wen culture and… pic.twitter.com/BUEG5QrZoH — $WEN (@wenwencoin) January 29, 2024 In simpler terms, a poem by @weremeow was transformed into an NFT and then divided into one trillion parts, each part representing a WEN token. This approach led the creators to describe WEN as the first community coin based on fractional NFTs. A Love Letter To Wen Bros ️ pic.twitter.com/amTNSLcQ3f — meow (@weremeow) December 23, 2023 ...

The executive appears to have now recovered his account. Arthur Madrid, co-founder and CEO of metaverse project The Sandbox, was the victim of a Twitter account hack on May 26, according to a post from Madrid that was apparently made after he recovered the account. The attacker allegedly used Madrid’s account to promote a fake “airdrop” phishing scam. In Madrid’s post, he warned Sandbox users that they should “never click on any link that promote Airdrop or URL and look SCAMMY - and not 100% using our proper and unique URL/domain name : //sandbox.game.” My Twitter was hacked today. and now is back. Please never click on any link that promote Airdrop or URL and look SCAMMY - and not 100% using our proper and unique URL/domain name : https://t.co/X3rXN9z8z7 — Arthur Madrid (@arthurmadrid) May 26, 2023 Four hours before Madrid’s post, The Sandbox’s official Twitter account also warned that a scammer had taken control of the account and was promoting “a scam / phishing link for ...

On-chain data and technical analysis shows strength in ARB price, even after a weekend filled with rumors and sell-offs. Arbitrum suffered a big blow during the April 1 to April 2 weekend due to a conflict between the ARB token holders and the Arbitrum Foundation on the allocation of $750 million ARB tokens worth around $900 million. Data from on-chain analysis firm Arkham Intelligence shows that the transfer of $50.5 million out of the disputed allocation of 750 million ARB tokens. They shared with Cointelegraph that, “Only 50.5 million of those tokens have been moved. 10 million tokens have been sent to be sold on exchanges, 40 million have been loaned to Wintermute and the remaining 500K remain untouched in a multisig wallet (labeled Gnosis Safe Proxy).” On April 3 morning, the Arbitrum Foundation conceded to the community's opposition and decided to break up the said proposal in question into multiple proposals for allocating the funds for the project's ecosystem growth. ...