Binance Lists Solayer Token Amid Market Turmoil: Team-Linked Sell-Off Sparks 55% Collapse

Solayer’s $LAYER token experienced a dramatic 55% plunge from its all-time high within just 48 hours, wiping out $350 million in market capitalization. The sudden sell-off, which occurred ahead of scheduled token unlocks, has raised suspicions of coordinated dumping by wallets linked to the Solayer team. On-chain researcher Andrew 10 GWEI had previously flagged suspicious activity involving team wallets receiving large airdrops and depositing funds. Despite the turmoil, Binance has listed the token, drawing attention to the volatile nature of emerging digital assets. This incident underscores the importance of transparency and due diligence in the rapidly evolving cryptocurrency market.

Solayer Token Plummets 55% Amid Suspected Team-Linked Sell-Off

Solayer’s $LAYER token faced a violent 55% collapse from its all-time high within 48 hours, erasing $350 million in market capitalization. The sell-off occurred abruptly ahead of scheduled token unlocks, sparking suspicions of coordinated dumping by team-linked wallets.

Onchain researcher Andrew 10 GWEI had previously identified suspicious activity involving Solayer team wallets receiving large airdrops and depositing funds to Binance. The premature volatility suggests potential insider selling ahead of the anticipated float loosening.

The token had rallied 87% in the preceding month, with traders already bracing for turbulence from impending unlocks. However, the disorderly retreat caught markets off-guard, raising questions about the project’s distribution mechanics.

RCO Finance’s Token Presale Gains Momentum with Early ChatGPT Funder Support Ahead of Binance Listing

RCO Finance’s token presale is witnessing unprecedented traction, fueled by early backing from a ChatGPT funder. The DeFi platform has attracted over 285,000 users during its Beta phase, signaling robust demand ahead of its official launch and anticipated Binance listing.

Market observers note the rarity of such pre-launch adoption, positioning RCOF as a potential standout in the competitive DeFi landscape. The involvement of a prominent AI-sector investor adds credibility to the project’s growth narrative.