April 26th Crypto News: In a stunning crypto coup, a trader known only as ‘paulo.sol’ cashes in big time, raking in a staggering $23 million by cleverly flipping three Solana memecoins. The trading spree, involving meme-themed tokens like Dogwifhat (WIF), Jeo Boden (BODEN), and Bonk (BONK), unfolded as Solana (SOL) tickers danced around $143.
April 26th Crypto News: What You Need to Know
This crypto whiz, operating under the pseudonym ‘paulo.sol,’ caught the eye of blockchain sleuths at Lookonchain on April 26th. Their Solana Name Service account lit up with profits from meme tokens, particularly BONK, snagging early investments dating back to Nov. 11, 2023. With an astute eye for market movements, ‘paulo.sol’ executed well-timed swing trades, buying low and selling high, culminating in a cool $6.28 million profit from BONK alone.
But the windfall didn’t stop there. WIF and BODEN soon caught ‘paulo.sol’s’ attention. Despite their initial online debut, this savvy trader didn’t hesitate to dive in, ultimately pocketing over $22.83 million from Solana’s meme token frenzy. And while ‘paulo.sol’ basks in millions in profits, they’re still holding onto $7.6 million in BODEN tokens and $5.7 million in WIF, showcasing a strategic long-term play.
Rare Satoshi Fetches $2.1 Million in Epic Auction Tale
In a crypto saga fit for the history books, an ‘epic sat’—a precious satoshi mined from Bitcoin’s fourth halving block—has fetched a jaw-dropping $2.1 million. The journey of this exceptional satoshi, mined by viaBTC during block 840,000 on April 20th, culminated in a thrilling auction on CoinEx Global, closing with 34 bids and an unidentified bidder snagging it for 33.3 Bitcoin (BTC).
The auction, which kicked off on April 22nd, saw fierce competition, with bids soaring as high as 20 Bitcoin from eager contenders. Ultimately, the ‘epic sat,’ marked as ‘sat number 1,968,750,000,000,000,’ found its new home, marking a momentous event not just in crypto lore but in community recognition and media spotlight.
CoinEx Global hailed the auction’s success, emphasizing its significance beyond monetary value, symbolizing the widespread embrace of Bitcoin and its immutable allure.
Consensys Launches Legal Salvo Against SEC Over Ether Regulation Saga
In a bold legal move, software development titan Consensys has fired back at the U.S. Securities and Exchange Commission (SEC) and its five commissioners, challenging their alleged plans to regulate Ethereum (ETH) as a security. As ETH tickers hovered around $3,117, Consensys filed a lawsuit in the Northern District of Texas, accusing the SEC of a concerted effort to ‘seize control over the future of cryptocurrency.’
Citing the SEC’s own 2018 declaration affirming Ether’s non-security status, Consensys lambasted the regulator’s purported flip-flop, warning of dire consequences for the Ethereum network and its stakeholders. The lawsuit, targeting not only SEC commissioners but also Chairman Gensler, highlights the regulatory uncertainty surrounding ETH and its potential impact on the broader crypto ecosystem.
With Chairman Gensler’s past reluctance to clarify Ether’s regulatory standing, the legal showdown underscores the high stakes and mounting tensions between crypto innovators and regulatory authorities.
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