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Crypto

Whale buys $7.22 million worth of nine small-cap altcoins in downturn

A whale wallet has bought $7.22 million worth of mid- to small-cap altcoins over the past 24 hours, spreading funds across nine assets that were mainly tied to DeFi and real-world asset projects. The biggest purchase was LIT, followed by ENA and ONDO. Short-term price moves diverged among the main tokens. The buying has been linked to bargain hunting and theme-based positioning, though a single wallet’s activity does not guarantee a rebound.

Crypto

Why a Web3 founder is watching Cardano

Cardano (ADA) is drawing renewed attention as a long-term altcoin to watch, supported by a shift toward community-led governance, a scalability roadmap and efforts to expand its DeFi ecosystem. Web3 founder Lucky, a bitcoin supporter since 2015, cited Cardano among altcoins he is monitoring and said he is focused on development that could shape long-term competitiveness. Cardano is pursuing Layer 1 and Layer 2 upgrades and broader DeFi and application use cases.

Crypto

Prominent investor says memecoins are a giant scam, buy only if you can lose everything

U.S. investor and tech entrepreneur Jason Calacanis called memecoins a “giant scam” and said he has no connection to any memecoin project and will not get involved. He warned that he would never privately tell anyone what to buy or sell via social media or direct messages. Calacanis also reiterated that people should only buy memecoins or invest in startups if they can afford to lose 100 percent of their money.