Search results for Bubblemaps
Crypto
Robinhood Chain memecoin investors post 63% losses, CashCat down 75%
More than 6 out of 10 investors in top memecoins traded on Robinhood Chain have posted losses, an analysis found. Bubblemaps said only 37% of 164,538 traders in the chain’s 50 most-traded tokens were profitable, while 63% were in the red. Trading surged after a 90-day gas-fee subsidy and a CashCat boom, but CashCat has fallen about 75% from its July 11 peak.
Crypto
Musk comments jolt \'Scam Altman\' memecoin as it plunges, whale loses $150,000
A Solana wallet booked a realised loss of $150,000 after buying the SCAM memecoin near its peak and selling during a sharp plunge. Onchain analyst Bubblemaps said SCAM fell almost 95 percent in 24 hours and linked the move to interest around Elon Musk’s posts calling OpenAI CEO Sam Altman “Scam Altman” as a lawsuit process began in a federal court in Oakland. The wallet also posted earlier losses in other tokens.
Crypto
Polymarket faces insider trading controversy after $1 million profit on Iran strike bet
Six traders on prediction-market platform Polymarket made about $1 million by betting the United States would strike Iran by late February, sparking an insider-trading controversy, Cointelegraph reported. Bubblemaps said the traders created new wallets in February and focused activity on strike-timing contracts. More than $529 million was wagered on related contracts. U.S. Representative Ritchie Torres is preparing legislation to curb insider trading in prediction markets.