Coin overview
SCR
Ended--
Last price (USDT)
84.93K
24h total (USDT)
2.05M
Total vol (USDT)
2024-09-20 09:00:00 ~ 2024-10-22 07:30:00
Trading time (UTC+0)
2024-10-22 12:00:00
Delivery time (UTC+0)
Total supply1.00B
Resources
Introduction
Scroll is a Layer 2 rollup solution using zero knowledge proof technology to scale the Ethereum blockchain, with a mission to bring billions of users into Ethereum’s ecosystem, be the most secure and trusted Layer 2 network to process trillions of dollars on-chain and the default place for new innovations. SCR Total supply: 1,000,000,000
Today's Must-Read | Twitter Featured Views [November 11th]
1.Rui: $BONK will start a new round of growth $BONK has just broken through the huge triangle consolidation range of the past year. If the pullback is confirmed, this will be an opportunity worth bold layout. Rui believes that BONK's next step will be quite radical, especially with the accumulation of the following catalytic factors, it will stand out among the many meme coins: 1. Robinhood and Webull listing rumors are approaching, which will unlock the liquidity of US retail investors 2. The only memecoin with ETP 3. Coinbase's only new memecoin 4. BonkBot's strong repurchase/destruction pressure 5. Upbit USDT trading pair has been launched, and Korean Won (KWR) trading pair will be launched soon, which may stimulate the enthusiasm of the Korean market These catalysts make BONK undeniable. Soon you may see discussions of "Bonk Guy" again on the timeline. See the original text: https://x.com/YeruiZhang/status/1855793542758814015 2.Shelby: $FLOKI's Continuously Strong OG Meme $FLOKI is one of the few remaining OG memes, following $DOGE and $SHIB. The difference is that Floki is actually practical and has built a huge ecosystem in the past three years. This is also the reason why I don't easily chase after random rises - I prefer #memecoins that survive in bear markets and have fundamental support, especially #Floki. See the original text: https://x.com/CryptoNewton/status/1855584946959552886 3.WIZZ: Optimistic about $DOGE surpassing mainstream coins DOGE may surpass all mainstream coins in the next few weeks or months. Everything is ready. -Elon Musk concept Department of Government Efficiency (D.O.G.E) Narrative -X payment potential benefits Heavily optimistic about this opportunity. See the original text: https://x.com/CryptoWizardd/status/1855699751746117975 4.XO: Analysis of $WIF Trading Strategy XO proposed two possible transaction scenarios for $WIF: Breaking through the median line: If the price breaks through the median line, it will force the bearish position to squaring, further pushing up the price. Brief pullback: The bears received brief relief, and the price continued to rise after a slight pullback. XO said that regardless of the scenario, he maintains a bullish positioning and will continue to hold. See the original text: https://x.com/Trader_XO/status/1855659947381379460 5.Rui: The Awkward Positioning of SCR and Its Relationship with Trump Scr is an awkward existence in Trump's target, with several key points: 1. SCR is supported by Polychain and is also the largest supporter of Trump's WLFI project. Among the three major crypto funds in the US, only Polychain explicitly supports Trump, and even once worked at Mar-a-Lago. 2. It is speculated that Polychain's position cost is in the range of 7-900 million dollars, and the position ratio is close to or even more than 10%. 3. The essence of WLFI is to raise campaign funds for Trump. Based on non-public data, in the last 20 days of the campaign, Trump's funds were in crisis, but he could not directly and quickly obtain political contributions from the US people. Therefore, he opened an overseas fundraising channel through Polychain and SCR, which was a "timely help" move. 4. If SCR is a US project, the dividends obtained may be greater. See the original text: https://x.com/YeruiZhang/status/1855793542758814015 6.Hitesh.eth: The impact of the launch of the application chain on investors As decentralized applications gradually transform into independent application chains, investors can obtain more value from them. ENS is becoming Namechain Uniswap is becoming Unichain MakerDAO will launch Makerchain Aave will launch Aavechain Trading viewpoint: Enhance the practicality of tokens: The launch of the application chain has added new uses to the original application tokens (such as ENS, UNI, MKR, AAVE), such as staking and using them as on-chain gas fees. Inflationary incentives: Many application chains may introduce new token supply to incentivize ecological growth, which will bring annual inflation of tokens, but also provide additional incentives for holders. Token value increase: The new uses and growth catalysts brought by the application chain help to increase the market attention and demand for tokens, expand community support, and thus drive up token prices. For investors, the launch of the application chain is not only an opportunity for value capture, but also a powerful catalyst for price growth. See the original text: https://x.com/hmalviya9/status/1855832167705919677 7.Chen Jian Jason: BounceBit V2 version launched, observation of the transformation of BTC ecological asset management projects BounceBit's V2 version was officially launched today. Chen Jian Jason pointed out that this is a public Alpha test, and the launch time and content were announced in the document half a month ago. The current price has risen from the previous low of 0.23 to 0.35, and the structure is still relatively healthy. Jason believes that investors who hold a large amount of $BB or open contracts should closely monitor this trend and pay attention to latent risks. Trading viewpoint: BounceBit is one of the early projects in the BTC ecosystem, but it has gradually weakened the BTC label and focused on multi-chain asset management such as ETH, Sol, and Sui. This transformation reflects the team's response to the "source of income" problem faced by BTC staking projects. The V2 version introduces the concept of CeDeFi, which not only provides on-chain staking income, but also adds a quantitative arbitrage income model. These assets are held under compliance agencies Mainnet Digital and Ceffu, further enhancing security. The newly added CeDeFi SaaS and BounceClub features, including user-defined AI Agents and PumpFun Meme launcher, bring more application scenarios to $BB and further consolidate its positioning as an asset management platform. Overall view: Chen Jian Jason emphasized that the BounceBit team has strong execution and has been active in product iteration. The team obtains profits through real TVL liquidity, avoiding simple TVL lifting strategies, which has positive significance for the long-term stability of the asset management platform. The current FDV is 700 million, the circulation is 160 million, and the next unlock will be in May next year. There will be no new coins released in the next six months. Investors can evaluate their holding strategies from a long-term perspective. See the original text: https://x.com/jason_chen998/status/1855813095375135215
Christian2022.eth: Sold all EIGEN and bought some SCR
Christian2022.eth posted on X platform, stating that they have sold all their holdings of EIGEN and bought some SCR, despite most people feeling uneasy.
Watch Out: Entering a Very Critical Week – There Will Be Numerous Economic Developments and Altcoin Events in the New Week – Here is the List to Foll
The cryptocurrency world was excited with the expectation of a new all-time high price record after Bitcoin rose above $73,000 this week. However, the record did not come and BTC experienced some decline from its peak. In addition, assets on the altcoin side did not live up to expectations. However, many altcoin events and economic developments that will affect the cryptocurrency world are expected in the new week. Here is the cryptocurrency calendar we have prepared specially for you as Bitcoinsistemi.com. (All times are stated as UTC+3 Türkiye time) Monday, November 4th Singapore Digital Assets Week SCR – OKX lists SCR. SKY – Voting begins to convert the SKY brand to the former Maker DAO brand. Tuesday, November 5th US Presidential Elections TIA – Ginger update will be made on Testnet. PUPS – Deadline for Token Swap. Wednesday, November 6 Singapore Fintech Festival Related News Watch Out: 5 Altcoins in South Korea See Trading Volume Boom - Here's the List Thursday, November 7th The first meeting of the cryptocurrency committee will be held in South Korea. KP3R and UNFI – Will be delisted by Binance. MILE – Will be listed by Bybit. 15:00 – UK to announce interest rate decision. (Expectation is for a 25 basis point cut) 16:30 – US Initial Jobless Claims (Expected: 220k, Previous: 216k) 22:00 – FED Interest Rate Decision (Expectation is for a 25 basis point reduction) 22:30 – FED Chairman Jerome Powell’s Press Conference Friday, November 8th DESO – Will be delisted by Coinbase. Review of China's $1.4 trillion fiscal package. *This is not investment advice.
Elder Scrolls game shutting down forever
The Elder Scrolls: Legends is officially shutting down. The game which is also already discontinued on Steam will be accessible to the existing players, on mobile and PC until the announced date. The game was released back in 2017 with Hearthstone as an established strong competitor in the digital card game genre. Therefore Elden Scroll couldn’t attract enough audience even though it was connected to Bethsesda’s infamous RPG franchise. The peak count of active players was 9,000 players in its launch year. However, after that, it saw a continuous decline falling to hundreds by the year 2020. Apparently the reason for its decline is the hold on the game during 2019 without any new updates. See also Roblox growth has surged to 88 million users, but is it safe for kids?
Comparing Airdrops vs ICOs: How They Affect Token Supply and Market Sentiment
Original source: Tokenomist Original translation: TechFlow 1. Overview of Airdrops and ICOs · Airdrops:Distributing tokens for free, usually to increase brand awareness, reward early users, or connect with the community. · ICO (Initial Coin Offering):A fundraising activity during which projects sell tokens in advance to obtain funds to help them realize their project vision. 2. The impact of airdrops on token supply · Increased circulating supply:Airdrops quickly introduce tokens to the market, often triggering inflationary pressures and market volatility. · Market sentiment:While airdrops can create excitement, a large influx of tokens into the hands of recipients can lead to sudden sell-offs that can affect token prices. Example: Scroll’s recent airdrop initially traded at $1.40, but after recipients claimed and sold tokens, the price dropped to $0.77, a change that reflects the price volatility that is common after airdrops. Through the above analysis, we can see the different roles of airdrops and ICOs in the token market and how they affect token supply and market sentiment. 3. The impact of ICOs on token supply · Controlled release mechanism: ICO tokens are usually distributed gradually, with monthly or quarterly unlocking. While this approach can stabilize supply in the early stages, it can lead to market volatility as early investors sell off. · Demand-driven valuation: Although ICOs generate initial market demand, regular token unlocking can affect prices, sometimes creating downward pressure and thus affecting market sentiment. 4. The main differences in token economics · Locking and unlocking: ICOs usually set a lock-up period to reduce the pressure of early selling, while airdrops rarely take such restrictive measures. Through the above analysis, we can see the unique role of ICOs in token supply and market dynamics, as well as their key differences from airdrops in token economics. · Governance risk:Airdrops distribute tokens to a wide range of users, which makes governance decisions face uncertainty as voting results become more difficult to predict. · Inflation management strategies:Some projects deal with the inflation risk brought about by airdrops through destruction mechanisms or staking incentives, aiming to maintain the value of tokens and encourage users to hold them for the long term. Original link
Scroll Launches SDK and Widgets and Releases Roadmap
On October 31, Scroll announced the launch of the Scroll SDK, a production-ready infrastructure for deploying sovereign blockchain networks, and gadgets, optional modules to customize and enhance the Scroll SDK chain. The project has also released its development roadmap, with enhancements released in Q1 2025 and further widget integrations realized in Q2.
Trade with hot futures trading pairs: SCR, X, GOAT, win a share of $15,000 airdrop!
Join us for an exciting trading event where you can earn rewards by trading popular futures trading pairs: SCR, X, and GOAT! Don’t miss your chance to grab a piece of the $15,000 airdrop! JOIN NOW Event Period: October 30, 10:00 AM - November 16, 10:00 AM (UTC) Rewards and Rules: 1. New Users Bonus: Sign up and complete the following: - Make your first deposit of at least $100 (keep it in your asset at least 72 hours). - Make your first futures trade of at least $100. Upon completion, you will receive a random airdrop of $5 in popular tokens (SCR, X, GOAT). Additionally, new users who join Bitget through any of the links provided will receive an extra random airdrop of $5 in popular tokens. • WaqarZaka • CryptoforC • DOCTOR CRYPTO Total Prize Pool: $5,000 – First come, first served! 2. Hot Futures Trading Pairs: Trading Volume Rewards: During the event, users trading any of the following popular futures pairs will receive airdrops based on their futures trading volume: SCR X GOAT Rewards are stackable! Total Prize Pool: $5,000 – First come, first served! 3. Total Trading Volume Rewards: Accumulate the following total trading volume (including spot and futures trading) to earn random airdrop rewards: - Total trading volume of $500,000: $30 random token airdrop - Total trading volume of $800,000: $50 random token airdrop - Total trading volume of $1,000,000: $70 random token airdrop - Total trading volume of $2,000,000: $100 random token airdrop Total Prize Pool: $5,000 – First come, first served! Don’t miss this fantastic opportunity to boost your trading experience and win amazing rewards! Terms and conditions Users must click the 'Registration' button, otherwise, it is invalid. Rewards will be distributed to the winners accounts within 12 working days after the end of the promotion. Rewards are limited, first come, first served. The campaign is exclusively for South Asia users and users who can register for this event successfully. Only main accounts are eligible for the promotion. Any sub-accounts participating in this promotion will be disqualified and will not be distributed with any rewards. All participants must strictly comply with Bitget's terms and conditions. In case of cheating or using multiple accounts for rewards, or other violations, Bitget reserves the right to disqualify the users involved and forfeit their rewards. Bitget reserves the right to amend or revise the terms of this promotion, or cancel it at any time without prior notice at its sole discretion. Bitget reserves the right of final decision for this promotion. Contact customer service if you have any questions. Disclaimer Cryptocurrencies are subjected to high market risk and volatility despite high growth potential. Users are strongly advised to do their research and invest at their own risk. Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
Super Diwali Airdrop: $20,000 Hot Tokens Await! CATS, TONCOIN, SCR, BGB, Gold Vouchers!
✨ Celebrate Diwali with Exciting Rewards! This Diwali, light up your trading journey with our special airdrop event! We’re giving away a total of $20,000 worth of the hottest tokens, including CATS, TONCOIN, SCR, and BGB! Besides, Gold Vouchers will be delivered to your email directly! Whether you’re a new user or a loyal trader, there’s something for everyone. Join now and make this festival of lights even brighter with incredible prizes! JOIN NOW Event Period: October 28, 11:00 AM - November 11, 11:00 AM (UTC) Rewards and Rules: Campaign 1: For New Users Join us for an exciting airdrop of popular tokens: CATS, TONCOIN, SCR, and BGB! - New users who register during the campaign and complete the following tasks will qualify for rewards: • Deposit $100 and keep it in your asset account for at least 72 hours. • Complete a futures trade with a volume of over $100. Eligible users will randomly receive a hot token gift pack valued between $5 and $30! Additionally, users who register and complete the tasks through any of the following links will receive an extra $5 hot token airdrop: • WaqarZaka • CryptoforC • DOCTOR CRYPTO • Xcoin ResearchX Total prize pool for Campaign 1 is $10,000! Limited rewards available, so act fast! Campaign 2: For All Users - BGB Giveaway! First come, first served! During the campaign, users who sign up and achieve a total trading volume of $30,000 will be among the first 200 to receive an airdrop of 30 BGB. - Limited Gold Vouchers Distribution! During the campaign, the users with the highest total trading volume will receive: • 1st Place: ₹100,000 Gold Vouchers • 2nd Place: ₹75,000 Gold Vouchers • 3rd Place: ₹50,000 Gold Vouchers • 4th - 10th Place: ₹10,000 Gold Vouchers Winners will be announced through our official South Asia X account within three business days after the event. Be sure to follow us for more updates! Campaign 3: VIP Benefits 1. During the campaign, users who become VIPs through spot or futures trading will be randomly selected to receive one of five ₹100,000 Gold Vouchers. Our VIP manager will contact the winners. 2. The first 20 users to become VIPs during the campaign will receive a 100% trading fee refund for seven days. Don’t miss out on these amazing rewards! Join the Super Diwali Airdrop and celebrate with us! Terms and conditions Users must click the 'Registration' button, otherwise, it is invalid. Rewards will be distributed to the winners accounts within 12 working days after the end of the promotion. Rewards are limited, first come, first served. The campaign is exclusively for South Asia users and users who can register for this event successfully. As for VIPs, if you have any questions, please contact VIP manager Jayden for support. Only main accounts are eligible for the promotion. Any sub-accounts participating in this promotion will be disqualified and will not be distributed with any rewards. All participants must strictly comply with Bitget's terms and conditions. In case of cheating or using multiple accounts for rewards, or other violations, Bitget reserves the right to disqualify the users involved and forfeit their rewards. Bitget reserves the right to amend or revise the terms of this promotion, or cancel it at any time without prior notice at its sole discretion. Bitget reserves the right of final decision for this promotion. Contact customer service if you have any questions. Disclaimer Cryptocurrencies are subjected to high market risk and volatility despite high growth potential. Users are strongly advised to do their research and invest at their own risk. Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
The Web3 asset data platform, RootData, has released its weekly project hot search list. Scroll, Chainbase, and Aleo are in the top three
ChainCatcher News, the Web3 asset data platform RootData has released its weekly hot search list. The top 10 projects for last week (October 21 - October 27) are: Scroll, Chainbase, Aleo, DeAgentAI, Walrus, Eclipse, Grass, Moonwalk, Fuel and Abstract. It is reported that the RootData popularity list is based on multiple dimensions of data such as the search frequency of platform users, project click volume, user voting as well as the heat and influence of X platform. It calculates the project's popularity value through weighted calculation for real-time ranking.
The TVL (Total Value Locked) of Scroll Network has shrunk by 44.7% compared to the previous peak, approaching a halving
DefiLlama data shows that the total value locked (TVL) across the Scroll network is currently about $547 million, a 44.7% decrease from its historical peak of $991 million on October 16th (three days before the airdrop snapshot), nearly halving.
Scroll Network TVL has shrunk by 44.7% compared to the peak before the snapshot, nearly halving
DefiLlama data shows that the total locked value (TVL) of Scroll on the entire network is currently about $547 million, a decrease of 44.7% from the historical peak of $991 million on October 16 (3 days before the airdrop snapshot), which is close to being halved.
Here’s Why GOAT, NOT, and SCR are Trending This Weekend
Binance listing boosted GOAT’s price, but a 24% drop followed. Tied to Telegram, Notcoin’s price fell 74% amid decreasing buying interest. Launched controversially, Scroll’s price dropped 40% since debut, signaling bearish momentum. Trending status doesn’t always mean price increases so understanding an altcoin is trending is important. On October 25, CoinGecko listed Goatseus Maximus, Notcoi, and Scroll as the top three trending altcoins . Let’s explore why investors are flocking to these 3 cryptocurrencies. Goatseus Maximus (GOAT) Source: Trading View Goatseus Maximus typically captures interest due to the AI+ meme coin trend but another factor contributed to its popularity. On October 24, Binance added GOAT to the futures market, which pushed the price to a new all-time high. However, excitement faded quickly. GOAT’s price dropped 24% in just 24 hours, indicating that many holders began taking profits. After the Binance listing, GOAT reached a peak of $0.88. Currently, trading occurs at $0.65. The Moving Average Convergence Divergence (MACD) indicator now sits in negative territory, signaling a bearish trend. If the MACD stays negative, GOAT might slide to $0.58. However, if buyers step in, a rebound to $0.90 could happen. Notcoin (NOT) Source: Trading View Newcomer Notcoin is gaining traction due to its link with Telegram. Similar to Toncoin, anticipation builds as users wait for new airdrop opportunities. However, Notcoin’s price plummeted 74% from the all-time high, showing diminished buying interest. At present, Notcoin forms a head and shoulders pattern , falling below a critical neckline. This pattern suggests that the downward trend might continue. If the price drops further, it could reach $0.0071. Yet, if bulls push above the neckline at $0.0077, a bounce back to $0.010 or even $0.012 might occur. Scroll (SCR) Source: Trading View Read CRYPTONEWSLAND on google news Scroll appears for the second time on the trending list since launching earlier this week. Experts cite a controversial launch as a reason for current popularity. SCR debuted at $1.45 but now sits at $0.85, reflecting a 40% loss. The 1-hour chart shows the Awesome Oscillator (AO) dipping into negative territory, indicating bearish momentum. If this trend continues, SCR may fall below $0.85. Yet, a recovery could occur if market conditions improve or if an altcoin season arises. GOAT, NOT, and SCR illustrate the unpredictable nature of cryptocurrency trends. Traders should remain vigilant as prices can shift rapidly. Staying informed is essential for making sound investment decisions in this dynamic market. disclaimer read more Crypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
Major Scam Suspected in This Altcoin – Price Down 98 Percent Tonight
The Scroll ecosystem has been plagued by controversy following the suspected rugpull of Essence Finance, a stablecoin project within the network. Essence Finance’s stablecoin CHI has fallen more than 98% in the past 24 hours to $0.077 amid concerns that more than $20 million in collateral may have been stolen. CHI fiyatında yaşanan ani düşüşü gösteren grafik. The last communication from the project was a tweet sent on September 11, further raising suspicions. Essence Finance’s audit report had previously been linked to FEI Protocol V2 and was under review in light of recent developments. Related News Top 10 Altcoins That Cryptocurrency Developers Have Focused On In The Last 30 Days Have Been Announced - Here is the List The sharp decline in CHI’s value and the apparent elimination of significant collateral funds have shaken investors. The Essence Finance incident adds to the growing concerns about security in decentralized finance (DeFi) as projects on layer-2 networks like Scroll continue to expand rapidly. In the same week, Scroll, an Ethereum layer-2 network, released its highly anticipated SCR token via an airdrop. Despite the excitement, the airdrop received mixed reactions from recipients. According to an official blog post, Scroll allocated 5.5% of the total SCR supply, or 55 million out of a total of 1 billion tokens, to early contributors and users. The distribution included 40 million SCR tokens for on-chain participants who earned 200 or more Scroll Marks, points awarded for engagement with the network. An additional 1% was shared equally among eligible wallets, while another 0.5% was distributed as bonuses for users who met certain criteria. *This is not investment advice.
Altcoin Plummets Over 98% Following Allegations of Rug Pull in Ecosystem
The Scroll ecosystem is currently facing significant turmoil following allegations of a rug pull involving Essence Finance, a stablecoin initiative within the network. The stablecoin CHI, developed by Essence Finance, plummeted by over 98% within 24 hours, dropping to $0.077 amid fears that more than $20 million in collateral had been misappropriated. The last update from the project occurred on September 11, heightening skepticism among stakeholders. Previously, an audit report related to Essence Finance was connected to the FEI Protocol V2 and is now under scrutiny due to these troubling events. This drastic decline in CHI’s value, coupled with the apparent loss of substantial collateral, has left investors unsettled. The incident raises alarm bells about security vulnerabilities in decentralized finance (DeFi) as layer-2 networks like Scroll continue to evolve rapidly. READ MORE: Crypto Trader Nets $140,000 in Minutes – Here is How In the same week, Scroll, an Ethereum layer-2 network, launched its eagerly awaited SCR token through an airdrop. While this event generated excitement, responses from recipients were mixed. According to a recent blog post, Scroll allocated 5.5% of its total SCR supply—55 million out of a planned 1 billion tokens—to early supporters and users. The token distribution involved 40 million SCR allocated to on-chain participants who accrued 200 or more Scroll Marks, which are points given for network engagement. An additional 1% of the supply was evenly distributed among eligible wallets, while 0.5% was set aside as bonuses for users who fulfilled specific criteria.
DEX Ambient on Scroll Chain: Has Compensated Recent Victims of Phishing Attacks Due to Domain Hijacking
On October 26, Scroll chain DEX Ambient announced in a post on the X platform that it had made full compensation to all the victims of recent phishing attacks due to domain hijacking, and the payments were all made in ETH because there was no safe way to send tokens to these addresses. In this regard, Slow Mist Yusheng said that the Web3 project side domain name hijacking led to users being attacked by phishing, and the project side paid out the full amount, which is a good example. Curious: how much was lost? If the loss is very large, payout rules probability is that the solution has been discussed privately? But in any case, those who can admit the problem and make a gesture of compensation are worthy of respect. In previous news, the DEX Ambient domain on the Scroll chain has been hijacked, and users are asked to refrain from interacting with the front-end .
Scroll Ecosystem Stablecoin Project Essence Finance Suspected of Rug Pull
On October 26th, according to WuBlockchain, the stablecoin project Essence Finance within the Scroll ecosystem is suspected of a Rug Pull. Its stablecoin CHI has dropped over 92% in the past 24 hours to $0.077, and over $20 million in collateral is suspected to have been removed. The last tweet was posted on September 11th. The project's audit report comes from FEI Protocol V2.
The Scroll stablecoin project, Essence Finance, is suspected of a Rug Pull
The Scroll stablecoin project, Essence Finance, is suspected of having a Rug Pull. The stablecoin CHI has dropped 93.94% to $0.06 in the past 6 hours, and it's suspected that over $20 million worth of collateral has been removed. The last tweet from their official account was on September 11th.
Scroll Price Prediction: SCR Slumps 17% As This PEPE 2.0 Presale Goes Ballistic
The Scroll price has plummeted 17% in the last 24 hours to trade at $1.04 as of 7:12 a.m. EST on a 76% surge in trading volume to $358 million. The price drop followed Scroll’s announcement on X of its first airdrop and the SCR token’s listing on exchanges today, including Binance , Bybit , Bitget, and KuCoin . As Anon Vee highlighted on X, the Scroll community is increasingly dissatisfied with the project’s token allocation strategy. Many users feel the SCR token distribution is unfair, particularly criticizing the team for allocating 23% of the tokens to themselves. There are also allegations that the Scroll team engaged in Sybil-like behavior, which has diluted the rewards for regular users. Scroll Price Signals A Rebound Within The Bearish Channel The SCR/USD chart shows a clear downtrend within a bearish channel, with the price currently at $1.03417. It is approaching a key support level near $1.00, which could act as a floor for a potential rebound. The 50 SMA at 1.1186 serves as a resistance level, indicating that the bearish trend may continue unless the price breaks above it. The MACD shows a slight bullish crossover, with the MACD line just above the signal line, suggesting a possible weakening of bearish momentum. However, the crossover remains weak, as the MACD histogram value is still negative at -0.03365739. SCRUSD Analysis Source: Dextools.io Meanwhile, the RSI is currently at 36.56, close to the oversold territory, implying that selling pressure may be diminishing. This combination of indicators hints at a possible short-term rebound, though it is not fully confirmed yet. Volume has spiked near the support zone, indicating increased market activity, which could be a sign of accumulation as traders anticipate a bounce. If the Scroll price holds the $1.00 support level and the RSI recovers further, it may lead to a reversal. On the other hand, a failure to break above the 50 SMA could mean that the bearish trend will persist, with a potential drop below $1.00 if support weakens. The trend is still bearish, but there are early signs of a potential rebound if key levels hold. Monitoring price action at the 1.00 support and looking for confirmation from the MACD and RSI will provide clearer insight into the next move. PEPE 2.0 Presale Closes On $22 Million: Best Meme Coin To Buy Now? As the Scroll price dumps, investors continue to pump cash into the new PEPE derivative Pepe Unchained (PEPU) , which has crashed past $21.9 million in funds raised in its presale. Whales have often bought the token this past month, with the most recent big buy coming on Oct. 21, when one exchanged $53,563 worth of ETH for 4.6 million $PEPU tokens. According to an analyst from the 99Bitcoins YouTube channel, which has a huge following of over 706k subscribers, PEPU could potentially surge by 100X once it officially launches. PEPU comes with its own Layer 2 blockchain, designed to liberate the OG PEPE meme coin from the slow and costly Ethereum network. This new platform offers transactions that are up to 100 times faster than those on Ethereum, as well as significantly lower gas fees. What’s more, PEPU is fully compatible with Ethereum’s decentralized applications (dApps), allowing users to enjoy increased speed while still benefiting from the broader Ethereum ecosystem. In addition to its speed and cost advantages, PEPU aims to open its network to the meme coin space, creating a new, scalable platform for innovative and entertaining crypto projects. To support this vision, the developer grant program, aptly named “Frens with Benefits,” is currently open, inviting talented developers to build on the Pepe Chain ecosystem. Holders of PEPU tokens can also stake them for a huge annual return of 103%. Currently priced at $0.01176, PEPU can be purchased using ETH, USDT, BNB, or even a bank card. With a price increase in less than 22 hours, buy soon to secure the best deal. Buy PEPU tokens on the official website here. Related Articles Trump McDonald’s Stunt Boosts MAGATRON Over Kamacop In FreeDum Fighters Race As Presale Blasts Past $200K In 4 Days 5 Best Altcoins to Buy Now October 22 – Raydium, Uniswap, Jupiter, TRON Moo Deng Price Prediction: MOODENG Soars 37% As Whale FOMO Powers Pepe Unchained Towards $30 Million
Scroll Crypto ICO Rocks Unhappy Farmers: Will This Other ICO Outperform SCR Crypto?
Scroll Crypto (SCR) token launch has set off a firestorm of disappointment for SCR crypto farmers, but will this other ICO make up for it? The recent airdrop, emerging as a governance token on Ethereum’s layer-2 , has sparked interest and ire, leaving the crypto community flinging figurative garbage at the Scroll dev team. Just got done claiming on my 50+ wallets that had been farming Scroll for over a year $118.49 $SCR airdrop pic.twitter.com/O8nv1bD9pq — Blur (@BlurCrypto) October 22, 2024 The Scroll Crypto Launch and Initial Trading Dynamics For SCR Price ( SCRUSDT ) Scroll Crypto burst onto the market at $1.40, soon dipping to $1.10, showcasing the typical rollercoaster ride of new crypto tokens. It quickly gained a $212 million cap and a $1.1 billion full valuation. If the story had stopped there, it would have been nice for the kiddos to read it. But what started as a promising airdrop for Scroll turned chaotic fast. With only 5.5% of tokens handed to early users, discontent brewed. Critics slammed the allocations, especially the 5.5% reserved for Binance Launchpool users, sparking cries of favoritism. Social media lit up with users branding the airdrop a letdown. “One of the worst airdrops ever,” commented DYOR.eth, a pseudonymous Ethereum user. @Scroll_ZKP just farmed their own users. They made the most terrible airdrop that barely covered the fees spent by users. Who really benefited from the airdrop ? No airdrop = No community = $SCR will die in silence — SCC (@0x0xhold) October 22, 2024 Facing the storm, Sandy from Scroll addressed the critics online, assuring everyone that team insiders won’t touch the airdrop, aiming to kill off any talk of profiteering from within. Governance and Utility: The Role of SCR – What Does Scroll Crypto Do? Amid the launch theatrics, SCR is positioned to evolve into a key governance token, steering Scroll’s shift to decentralization. As the market weighs its promise, the token’s network adoption and utility spell a bright future for Scroll Early data paints a lively picture: SCR snagged over 200,000 holders and logged 500,000 transfers on day one, hinting at a thriving community crucial for governance. You Know What’s Not a Sh*tshow? New Token FreeDum Fighters ( FreeDum Fighters) A new crypto project that isn’t a total mess right now is FreeDum Fighters ($DUM). FreeDum Fighters just kicked off its presale with a bang, raking in $200,000 in four days. This meme coin mocks the U.S. elections, showcasing a digital showdown between Donald Trump as the tentacled MAGATRON and Kamala Harris as the cyborg Kamacop 9000. The playful satire has grabbed the attention of politically savvy crypto enthusiasts. 🚨 PATRIOTS NEEDED 🚨 Ready to pick sides in the showdown of the century—MAGATRON vs. Kamacop 9000? 🤖 Here’s your mission: 🇺🇸 Follow @Freedum_Fighter , like & comment our pinned tweet. 🇺🇸 Post a tweet which side you choose Magatron or Kamacop, tag friends that you think will… pic.twitter.com/zJ5z7w837J — FreeDum Fighters (@Freedum_Fighter) October 17, 2024 FreeDum Fighters offers a chance to snag $DUM tokens at $0.00005 for crypto folks looking to add humor to the U.S. election chaos. But act fast—less than three days remain before the price hikes by another $0.00005. This is especially poignant as, ahead of the elections, the biggest political meme coins are MAGA ($TRUMP) and MAGA Hat ($MAGA), which collectively enjoy a market cap of $205 million. Kamala Harris ($KAMA) and Joe Biden ($BODEN) also perform well, but not as impressively as the Trump-related tokens. Together, they have a respectable $11 million in total value. What sets $DUM apart from these meme coins is it can represent a wide range of figures in the political scene. It not only captures the intense rivalry between MAGATRON and Kamacop 9000, but it can evolve further, introducing more mechanized FreeDum Fighters into the battle for supremacy. FreeDum Fighters’ smart contract is fully audited by Coinsult and SolidProof , which certifies zero critical errors in its code. Join the project’s community on X or Telegram . Stop The Steal Now With Freedum Fighters! EXPLORE: Memebet Token Raises $500K in Presale – Is Its TG Casino Launching This Week? Join The 99Bitcoins News Discord Here For The Latest Market Updates
Scroll's Governance Token Launch Falls Short of Expectations Due to Token Allocation Issues
Scroll's SCR token has experienced a 32% drop in just over 24 hours since its launch. The network's total value locked has also decreased by 24% in the past week, as investors express frustration over token supply. The top 10 airdrop recipients received 11.7% of the total drop. However, the launch of layer-2 network Scroll's governance token has failed to meet expectations due to token allocation issues, despite more than a year of anticipation.
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