Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
GARI
GARI Denies Hacking Rumors After Token Plunged 80% in 24 Hours
In a Twitter post last night, the team behind the crypto-based social media platform, the Chingari App announced that they had not fallen victim to any hacks. Rumors of a rug pull or possible hack began after the Gari token lost more than 80% within 24 hours. Hacking Speculations Fuel Decline Last night, the short video platform moved quickly to assuage claims that its network had been hacked, attributing GARI’s sharp descent to a “market event”. Initially, the network’s native…
3 years ago