Flare token dumps 10% after Ripple CTO advises to sell
Following David Schwartz tweet, the FLR token dumped by roughly 10% to $0.04367 as of press time.
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Coinshares believes there is only "minor negative sentiment" within the crypto markets as Bitcoin threatens to touch $18,000 for the first time since mid-December.
The exchange unstaked over $100 million worth of SHIB and re-staked $30 million worth of tokens.
Following a 60% fall in price prior to the airdrop on Jan. 9, the FLR airdrop triggered a further 20% dump in its price.
BONK Solana meme token loses 35% of its market value in six hours, recording $140 million diluted market cap loss — down 51% from its ATH.
Solana-based memecoin BONK airdropped over 50% of its total supply across 25 holders out of roughly 98,000 holders of the coin — the project has yet to release an official whitepaper.
Cosmos outperformed BTC by around 15% while Solana, which tanked by 55% in November, managed to beat BTC returns by around 8%.