Crypto analyst Layergg reported on several notable developments over the past 12 hours that could impact various cryptocurrencies:
What you'll learn 👉
Yuga Labs Acquires Proof Collective
As mentioned, Bored Ape Yacht Club creator Yuga Labs has acquired Proof Collective, the team behind the popular NFT project Moonbirds. This caused a spike in $APE, the token associated with the Bored Ape ecosystem, as it strengthens Yuga’s position.
60M $RUNE Token Burn
Decentralized exchange Thorchain will burn 60 million $RUNE from its reserves to improve lending scalability on the platform. This significant token burn could put deflationary pressure on $RUNE.
$PYTH Airdrop Announcement
In $PYTH news, Degen Base announced an upcoming airdrop of $DB tokens to $PYTH stakers. This could incentivize staking of the PYTH oracle token.
Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!
Show more +Parallel Releases Colony Game Footage
Crypto gaming project Parallel tweeted footage of its upcoming real-time strategy mobile game Colony, which utilizes $PRIME tokens, showcasing graphics and gameplay. This glimpse is generating hype around $PRIME.
Updates on $FIRE, $GNO, $XAI and More
Additional updates included:
- Gameplay video drop for battle royale title Matr1x Battle, featuring $FIRE
- New token launch proposal for $GNO that could lead to holder airdrops
- Potential incentives introduced for Arbitrum gaming with $MAGIC and $XAI
- $XCAD teased an upcoming main product launch
As always, follow us for more updates on the most popular altcoins.
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