برچسب: Investors

  • SOL Pump Incoming? Solana Sends Bullish Signal To Investors


    Main Takeaways:-

    • Solana is set for a sharp recovery, as the TD consistently triggers a buy signal on the weekly chart.
    • Since Multicoin Capital has invested in SOL, will Kyle Samani use the 7 million USDC he borrowed from Kamino to buy more SOL?
    • Solana is trending due to the talk regarding the Solana blockchain and its linked token, SOL.

    As the Solana (SOL) price crossed above the significant zone at the $120 level, the $130 zone functioned as a major resistance point that required a pause for sustained upward movement. 

    Solana Price Movement and Anticipation

    After observing the weekly time frame chart of SOL, it indicates a buying opportunity as the TD Consecutive indicators follow after signalling a buy. A bullish signal showed up in the price zone of $129.66.

    In the past, TD Sequential buy signals show the impending price surge trends following a period of bearish movement. After SOL fell from its February high, the indicator advised a possible end to the continued bearish trend and generated a buy signal. 

    solana weekly chart

    SOL could observe boosted consumer confidence if it sustained its price above the $128 support level. If prices move up successfully from this area, SOL could reach $149 for the first time since the recent drop in price showed resistance.

    Even though the indicator looked positive, there was a warning that traders should be careful and evaluate things closely.

    If Solana does not stay above the $128 support level, it could lead to a drop in price, possibly reaching $115, where the weekly lows were.

    Is a Major SOL Purchase on the Horizon?

    In addition to possible upward momentum, Kyle Samani, the Managing Partner of Multicoin Capital, borrowed 7 million USDC from Kamino and transferred it all to Coinbase.

    The significant investment placement of Multicoin in Solana bred the assumption that Samani could invest his obtained USDC to buy more SOL tokens. 

    SOL Pump Incoming? Solana Sends Bullish Signal to Investors 1

    A validated purchase of this scale would lead to strong buying pressure on SOL, which may surge its market value in the upcoming period. The anticipation about these funds moving into SOL is anticipated to reduce if Samani does not buy SOL tokens.

    This could lead to the risk of selling and less buying pressure in the short term.

    Top Trending Tokens on Social Media Right Now

    In the final point, the crypto market concentrated on Solana as its most popular trend because its creative contribution to the Infinite Money Glitch (IMG) token facilitated user access to receive SOL rewards per five minutes. 

    Solana increased in relevance by connecting its rewarding mechanism to the surging Real-world implementation of payment platforms. 

    SOL Pump Incoming? Solana Sends Bullish Signal to Investors 2

    Key Opinion Leaders (KOLs) from influential voices began to highlight Solana while linking it to consistent liquidity and rising market growth. 

    Investors keep talking about ‘holdings,’ ‘liquidation,’ and ‘mantra,’ showing their interest in managing assets, decentralised finance, and concerns about the OM token losing stability.

    Ongoing talks about speculative activities and ecosystem-related topics can be seen in mentions of NFTs, APED, and MCP. However, SOL stayed the main focus.

    Read also:- Ethereum Drops — Is the Worst Over or Just Beginning?

    Disclaimer: We at Bitcoinik.com present you with the latest information in the crypto market. However, this information should not be regarded as financial advice, and viewers should consult their financial advisors before investing.

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  • 83% of Crypto Investors Have Been Scammed or Hacked, Study Reveals

    83% of Crypto Investors Have Been Scammed or Hacked, Study Reveals


    Despite numerous warnings and reminders about the importance of DYOR (do your own research) and due diligence to avoid exploitation, a recent study by ChainPlay and Storible revealed that 83% of crypto investors have fallen victim to scams or hacks.

    Key Findings

    • 83% of crypto investors have experienced scams or hacks.
    • Average loss per victim: $2,622 (₱150,000).
    • Crypto exchange users have lost over $27 billion due to hacks.
    • 64% of hacks targeted decentralized exchanges (DEXs), but centralized exchanges (CEXs) suffered 27 times higher losses.

    Most Common Scams

    The study identified the top fraud methods affecting crypto investors:

    • Social media impersonation – 34.02%
      • A type of online fraud in which scammers create fake accounts mimicking legitimate individuals, companies or organizations to deceive users. 
      • In the crypto space, these impersonators often pose as crypto projects, influencers or exchange representatives to trick investors into sending funds or revealing sensitive information.
    • Exchange/platform hacks – 21.30%
    • Phishing attacks – 18.64%
      • Scams in which hackers trick people into sharing sensitive information like passwords, credit card details or crypto keys by pretending to be trustworthy sources. 
      • In crypto, attackers often pose as exchanges or wallet services to steal money or personal data.
    Photo for the Article - 83% of Crypto Investors Have Been Scammed or Hacked, Study Reveals

    Surge in Fake Accounts and Phishing Websites

    The study also highlighted that scammers are increasingly using fake accounts and phishing websites to target investors.

    The study examined 300 top crypto projects and found:

    • Each project is targeted by an average of eight phishing websites.
    • Each project faces seven fake Twitter accounts attempting to deceive investors.

    Exchange Hacks Investigation

    The analysis of exchange hacks revealed a significant difference between decentralized exchanges and centralized exchanges.

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    While DEXs experience more hack attempts (64%), CEXs suffer much higher financial losses—27 times greater. Total losses from exchange hacks have reached nearly $29 billion, with CEX users losing over $26.4 billion, DEX users losing over $800 million and exchanges themselves losing over $1.6 billion.

    Photo for the Article - 83% of Crypto Investors Have Been Scammed or Hacked, Study Reveals

    ChainPlay stressed that the data shows that although CEXs face fewer attacks, the financial impact of these breaches is far greater. On the other hand, DEXs experience frequent breaches, which undermines user trust and hinders broader adoption of decentralized platforms.

    Recently, the Bybit hack resulted in the theft of $1.45 billion in cryptocurrency, making it one of the largest crypto heists. Linked to the Lazarus Group, the attack exposed vulnerabilities in Bybit’s systems and highlighted the ongoing threats facing the crypto industry.

    Study Methodology

    The study by ChainPlay and Storible used the following methodology to assess the prevalence and impact of crypto scams and hacks:

    • Survey of Crypto Investors
      • Sample Size: 2,101 crypto investors
      • Survey Platform: Prolific
      • Key Questions: Participants were asked about their experiences with scams and hacks, including how many times they were affected and the average amount lost.
    • Analysis of Crypto Projects
      • Number of Projects Analyzed: 444
      • Criteria: Projects were selected to assess common fraud patterns and security risks.
    • Social Media and Phishing Research
      • Targeted Crypto Projects: 300 top projects by market cap (based on CoinGecko data)
      • Verification Process:
        • Collected official websites and Twitter profiles of each project.
        • Generated 200 potential phishing websites and 200 fake Twitter accounts per project.
        • Verified how many of these fraudulent sites/accounts were active.
    • Exchange Hacks Investigation
      • Data Source: REKT database
      • Analysis Focus:
        • Determined whether hacks impacted exchanges directly or their users.
        • Assessed financial losses for centralized and decentralized exchanges.

    Other recent studies in collaboration with Storible:

    Further Reading

    BitPinas have several resources to help crypto investors protect their digital assets, check there here:

    This article is published on BitPinas: 83% of Crypto Investors Have Been Scammed or Hacked, Study Reveals

    What else is happening in Crypto Philippines and beyond?



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