Category: AI

Solana’s(SOL)pricemovementshavecapturedmarketattentionwithaninverseheadandshoulderspatternindicatingpotentialbullishmomentum,accordingtocryptoanalystTheMoon.Thispattern,awidelyrecognizedbullishreversalindicator,signalsthatbuyersmaybepoisedtopushpriceshigher. Asatpresstimetradingat$167.36witha24-hourtradingvolumeofover$5billion,Solanaisshowingsignsofrecoverydespiteaslight2.48%dip.Keylevelstowatch,especiallytheneckline,suggestapromisingpathforwardfortradersifbullishmomentumcontinues. 🚨#SolanaretestedtheHeadandShoulderspatternlastnight!Aslongaswestayabovetheneckline,thetrendremainsbullish! $202,74🎯pic.twitter.com/DfUYVxlIAK —TheMoon(@TheMoonCarl)October26,2024 InverseHeadandShouldersFormationSignalsPotentialReversal AninverseheadandshoulderspatternontheSOL/USDTpairshowsdistinctformation,withtheleftshoulder,head,andrightshoulderoutlinedaroundthe$165–$170range.Thisnecklinelevel,oncebroken,oftensignalsashiftincontrolfromsellerstobuyers. Historically,abreakoutabovethenecklineinitiatesanupwardtrend.ForSolana,thisbreakouthasprovidedbullishindications,suggestingthatasignificantpriceincreaseispossible. NecklineBreakout:APositiveSign Solanarecentlybrokeabovetheneckline,landingitinbullishterritory.Thislevel,previouslyresistance,nowservesasafoundationofsupportat$167.Thesuccessfulbreakoutcouldfuelupwardmomentum,positioningSolanaforfurthergainsaslongaspricesremainabovethiskeylevel.AstablemoveabovethenecklinestrengthensmarketconfidenceandcouldguideSOLtowardthenextresistancelevelnear$202.74. The$202.74levelisacriticalresistancemarkerontheSOL/USDTchart,alignedwithprevioushighs.IfSolanabreakspast$202.74,thebullishmomentumcouldpushpriceshigher.However,failuretobreakthisbarriercouldslowthecurrentuptrend. AretracementinSolana’spricewouldbringthe$165necklineintofocusasapotentialsupportlevel.Maintainingsupporthereiscrucial.Fallingbelowthisthresholdcouldsignalalossofmomentum,possiblyinvalidatingtheinverseheadandshoulderspattern. ProjectedTargetBasedonPatternAnalysis Basedontheheightoftheinverseheadandshoulderspattern,technicalanalysisprojectsanupwardtargetof$200to$205.Thisrangealignswithameasuredmove,andapushtothistargetwouldconfirmthebullishreversalsignaledbythepattern. SOL/USD4-hourpricechart,Source:Tradingview However,recenttechnicalindicatorssuggestcaution.The4-hourRSIisat47.82,showingthatSOLisneitheroverboughtnoroversold,whilethe1-dayMACDremainsbelowthesignalline,hintingatpossibleshort-termdownwardpressure. Disclaimer:Theinformationpresentedinthisarticleisforinformationalandeducationalpurposesonly.Thearticledoesnotconstitutefinancialadviceoradviceofanykind.CoinEditionisnotresponsibleforanylossesincurredasaresultoftheutilizationofcontent,products,orservicesmentioned.Readersareadvisedtoexercisecautionbeforetakinganyactionrelatedtothecompany. coinedition.com

SuiNetworkannouncedafixforitsbrokenstakingrewarddistribution.Thefix,scheduledforOctober27at17:30UTC,thestartofepoch564,shouldresolveissuesthatbeganinepoch560. PSA:FollowingthediscoveryofthebugtriggeredbyThursday\'sepochchange,pleasebeadvisedthattheimplementedfixwillnowgolivewithepoch564onSunday,October27at10:30amPT.Suiusersshouldavoidunstakinguntilepoch564hasbegun. Networkoperationsremain…https://t.co/FVZBCFWDlC —Sui(@SuiNetwork)October26,2024 Additionally,theSuiteamurgeduserstoavoidunstakinguntilepoch564toensuretheyreceiveallearnedrewards.Thiscomesafterthenetworkidentifiedthebugfollowingtheepochchangeat10:30AMPT. Thenetworkconfirmedthatwhilestakingrewardsdistributionwasinterrupted,nofundswerelost,andthedistributionprocesswouldberestoredatepoch563,expectedtogoliveonOctober26at10:30AMPT. ImpactonSuiTokenPrice ThestakingbugcoincidedwithpricefluctuationsforSui.Suitradedat$1.79,down6.80%overthepast24hours.Thetokenranks#21inmarketcapitalizationat$4.94billion,aftera6.81%decrease. Despitethepricedrop,thetradingactivitysurged,withvolumereaching$851.66million,reflectinga74.63%increase. Source:CoinMarketCap Moreover,Suidisplayedresilienceataround$1.9187,butthepriceexperiencedasharpdeclineintheevening,reachingalowofapproximately$1.70intheearlyhours.Thedownwardmovementsettledinthemorning,withsomeshiftsandaslightrecoverytothecurrentpricelevelof$1.79. TheMACDindicatorrevealsabearishsetup,astheMACDlinehascrossedbelowthesignalline,supportedbyincreasingredhistogrambars.Thispatternindicatesongoingbearishmomentum,suggestingthatdownwardpressureontheSuipricecouldlast. Source:TradingView TheRSIfurthersupportsthisanalysis,currentlysittingat45.54,belowtheneutral50mark,signalingweakmomentum. Disclaimer:Theinformationpresentedinthisarticleisforinformationalandeducationalpurposesonly.Thearticledoesnotconstitutefinancialadviceoradviceofanykind.CoinEditionisnotresponsibleforanylossesincurredasaresultoftheutilizationofcontent,products,orservicesmentioned.Readersareadvisedtoexercisecautionbeforetakinganyactionrelatedtothecompany. coinedition.com

KromaNetworkdisclosedamajorpartnershipwithGameFi.org,oneoftheleadingplatformsthatconnectsblockchaingamecreators,gamedevelopmentcompanies,investors,andgamers.ThiscollaborationaimstoimprovetheWeb3gamingexperienceandbringnewfeaturesintermsofrewardsandresourcesforgamersanddevelopersalike,astheexperiencebothnetworksprovideisimmenselyvast. We’rethrilledtopartnerwith@GameFi_Official,theultimatehubforgamefinancethatbringstogethergamestudios,developers,players,andinvestors!🤝 Throughthispartnership,weareadvancingWeb3gamingbyconnectingKroma’secosystemwithhttps://t.co/3iPTEdfrGR’s…pic.twitter.com/fKpJUvfFck —Kroma(✳️_✳️)(@kroma_network)October25,2024 $spETHPaymentIntegrationinGameFi.org’sIDOs KromaNetworkhasintroduced$spETHasanewpaymentoptioninGameFi.org’sInitialDEXOfferings(IDOs).ThisintegrationenablesseamlesstransactionswithinGameFi’sIDOenvironment,allowingplayersandinvestorsadditionaloptionstosupportemergingblockchainprojects. Theinclusionof$spETHreflectsKromaNetwork’saimtosimplifyandenrichthegamingexperienceforWeb3users,addingpaymentflexibilityandsecurityacrossGameFi’sdecentralizedprojects. KromaConnectingEcosystemsforGreaterReach ThispartnershipunlocksbroaderopportunitiesforgamedevelopersandstudioswithintheKromaNetworkbyconnectingthemtoGameFi.org’slargeanddiverseuserbase.GamecreatorsworkingwithinKroma’secosystemcannowtapintoGameFi.org’sdedicatedaudience,acceleratingtheadoptionofWeb3innovations.Moreover,playersandinvestorsonGameFi.orggainaccesstoKroma’sdevelopinggamingassets,fosteringgrowthwithintheGameFispacewhilesupportingdecentralizedgamingsolutions. KromaNetworkandGameFi.orgaimtobringvaluetotheblockchaingamingcommunity,promotingcollaborationandinnovationwithinWeb3.Theyarepoisedtoimprovethedigitaleconomy’spositioningaminganditsprotectionfromthirdparties. Thispartnershipreflectsbothcompanies’focusonimprovingWeb3gaming,supportingdevelopers,andimprovingGameFioutcomesforeverystakeholder.GameFi.org’sresourcesandreachwillsupportKroma’sdrivetocreateasustainablegrowthenvironmentfordevelopers,makingWeb3gamingmoreaccessibleandrewardingforcreators. blockchainreporter.net

Transaction-relatedfeesonSolana(SOL)surpassed$11milliononOct.24,markinganewall-timehigh,accordingtoBlockworksResearchdata. Themetriciscalled“realeconomicvalue”(REV),whichincludestransactionfeesandMEVtipsforvalidators. Solanahasbeendominatingdailytradingvolumesinthedecentralizedfinance(DeFi)ecosystemfor13daysstraight,accordingtoDefiLlama. Meanwhile,thenetwork’sdecentralizedexchangesregisteredover$2.6billionintradingvolumeonOct.24. AImemecoinsleadgrowth Notably,thispeakinREVandthesignificanttradingvolumecomeamidthefrenzysparkedbytheintersectionbetweenartificialintelligence(AI)andmemecoins. TheAIagentTruthTerminalspurredthisnewon-chaintrading“meta,”asitspublicationsabouta“GoatseGospel”motivatedtheinceptionofthememecoinGoatseusMaximus(GOAT).GOATcurrentlyhas$650millioninmarketcapandhasmovednearly$450millionon-chaininthepast24hours. Consequently,abigwaveofAI-relatedtokensovertookSolana.Memecoin-focusedlaunchpadPump.funreachedanall-timehighof36,339deployedtokensonOct.24,asrevealedbyHashed’sdashboardonDuneAnalytics. ThetotaldeployedonPump.funrepresentedover84%ofall43,166newtokensissuedonSolanayesterday,whichisalsoanewrecord. Moreover,Pump.fun-launchedtokenstooktheleadinweeklytradingvolumesonSolanaforthefirsttime,withroughly$8.7billionmovedlastweek,basedonBlockworksResearchdata. Duetothesefactors,anotherkeythresholdwasbreachedonOct.24,withPump.funsurpassing1millionSOLinrevenuejustninemonthsafteritslaunch. cryptoslate.com

ApeCoin(APE)pricehassurged63.86%inthelastsevendays,butmajorholdersremainskeptical.Thenumberofwalletsholdingbetween1millionand10millionAPEhasdroppedconsistentlysinceOctober19. Thisdeclinesuggeststhatwhalesarenotyetconvincedaboutthesustainabilityofthisrally.Withouttheirconfidenceandparticipation,itmaybechallengingforAPEtomaintainitsupwardmomentum. APEWhalesAreStillNotConvinced APEpricehasbeeninthenewsafterYugaLabsannouncedthelaunchingofApeChain.However,whalesdon’tseemconvinced. Thenumberofwalletsholdingbetween1millionand10millionAPEhasbeenconsistentlydroppingsinceOctober19.Thisindicatesalackofconfidenceamongmajorholders,evenwiththerecentupwardmovementinprice. Walletsholdingbetween1millionand10millionAPE.Source:Santiment Trackingwhaleactivityiscrucialbecausetheyoftendrivesignificantmarketmoves.BetweenOctober19andOctober25,thenumberofAPEwhalesdroppedfrom168to158. ThisdeclinesuggeststhatdespiteAPEpricerecentgains,whalesarenotyetconvincedandarenotactivelyaccumulating.Withouttheirparticipation,sustainingtherallycouldbechallenging,indicatinguncertaintyinAPE’scurrentpricemomentum. ApeCoinDMIShowsTheCurrentTrendIsn’tThatStrong TheDMIchartforAPEshowsthreeimportantcomponents:theADX(yellow),the+DI(blue),andthe-DI(red).TheADXvalueiscurrentlyat22.91,indicatingarelativelyweaktrend. TheADXmeasuresthestrengthofthetrend,withvaluesabove25consideredastrongtrend.Inthiscase,theADXsuggeststhatAPE’srecentuptrendlacksmomentumtobeclassifiedasstrong. APEDMI.Source:TradingView The+DI(blue)isat30.51,whichishigherthanthe-DI(red)at21.10,indicatingthatbuyingpressureiscurrentlydominatingsellingpressure.However,withtheADXbelow25,thecurrentupwardmovementmightlacktheforceneededtocontinuewithsignificantgains. Theinterplaybetweenthe+DIand-DIsuggestsabullishtrend,butforAPE’suptrendtobesustainedandstronger,theADXwouldneedtoriseabove25,confirmingamoredecisivetrendinthecurrentbuyingmomentum. APEPricePrediction:CanAPESurgeMore53%InOctober? APEiscurrentlytradingabovetheshorter-termEMAlines,suggestingbullishmomentum.However,theyarebeginningtoflatten,whichimpliespotentialconsolidationaftertherecentsurge.ThisisalsoreinforcedbytherecentheavydropintheshorterEMAline(theredoneinthechart). APEEMALinesandSupportandResistance.Source:TradingView Keyresistancelevelsaremarkedinblueat$1.47and$1.82.IfAPEisabletobreakthe$1.47resistance,itcouldtest$1.82next,markingapotential53%pricegrowth. Onthedownside,significantsupportlevelsareat$1.12and$0.94,highlightedinred.Thesesupportareasprovidestabilityifthepricepullsbackfurther,butmaintainingsupportabove$1.12wouldbevitalforholdingontorecentgainsandavoidingadeepercorrection. ThiswillbecrucialtokeepingAPEamongthemostrelevantaltcoinsinthemarket,asthecoinhasrepeatedlymovedinandoutofthetop100bymarketcapinrecentmonths. beincrypto.com

PrivateresearchUniversityinAtlanta,Georgiahasrevealeditowns$15millionworthofGrayscaleMiniTrustsharesasofSeptember30. TheuniversitymadetherevelationsinaSecuritiesandExchangeCommission(SEC)filingtoday.Intermsofthenumberofshares,Emoryholds2.678millionsharesinGrayscaleMini. ThisreportedlybecomesthefirsttimeauniversityadmitsandreportsowningBTC,withcryptoenthusiststhinkingthisis“impressive”forauniversitythatisfivetimessmallerthanHavard. “Crazythemoneyfloatingarounduniversity’shavingaspare15milly”wroteoneGreenBeanrespondingtoapostonXplatform. –Thisisadevelopingstory. cryptopolitan.com

Coinbase,awell-knowncryptoexchange,hasofficiallyannounceditsexclusivepartnershipwiththeCanadianFootballLeague.ThislandmarkdevelopmentistheearliestforatopsportsleagueinCanada,denotinganewepisodeintheongoingevolutionoftheCFLwhilepresentingtheincreasinginfluenceofcryptoonmainstreamsports.ThecryptoexchangedisclosedthisendeavoronitsofficialXaccount. Canada,wehavenews. We\'renowproudpartnersofthe@CFL. Learnmore:https://t.co/T4b4hdCnxhpic.twitter.com/BRTSE5IGo1 —Coinbase🛡️(@coinbase)October24,2024 CoinbaseEmergesastheCanadianFootballLeague’sEarliestCryptoCollaborator. ThepopularcryptoexchangehaslabeledthispartnershipasacrucialmoveinbroadeningitsreachintheCanadianjurisdiction.Withmorethan5Mcryptoholders,accountingforuptothirteenpercentofthecountry’spopulation,CanadahasbecomeanoteworthyzoneforCoinbase.TheCFL,whichstandsamongthemostprominentsportsplatforms,worksasaperfectcollaboratorforthecryptoexchange. CoinbaseCanada’sCEOLucasMathesonalsotalkedaboutthispartnership.Aspertheexecutive,theCFLliesamongthemostveneratedsportsleaguesinCanada.Keepingthatinview,thecryptoexchangeisexcitedtopartnerwiththeplatform.BoththecollaboratingentitiestargetstrengtheningtherelationshipbetweentheCanadiansandthecryptoassets.Thisendeavoralsofocusesondeliveringtheopportunitiesandtoolstotakepartinthewiderdigitaleconomy.Hence,itincreasedeconomicfreedomthroughoutCanada. Thetimingofthiscollaborationisalsoveryimportant.SinceCoinbaselaunchedinCanadabackin2023,ithasturnedintothefirstandbiggestinternationalexchange.Inlinewithitsregistration,itoperatesasaRestrictedDealer.Thispositionmirrorstheplatform’scommitmenttoofferingasecureandsafeforumforinvestmentandtradeincrypto. ThePartnershipOffersLatestOpportunitiestoFacilitatetheCFL Toveneratethecollaboration,thecryptoexchangeisprovidingthrillingpromotionstothefansoftheCFL.EachofthemwhoaccomplishestheirearliesttradeonCoinbase’swebsiteorappwillobtain$25in$BTC.Moreover,theycanalsohaveanopportunitytogetprizesviaQRcodes.Onefortunatefanwillreceiveagrandprizeof$50,000in$BTC.Thecollaborationsignifiestheincreasingintersectionbetweentechnologyandsports.Withthegrowingpopularityofcrypto,thiscollaborationwillopenexclusiveopportunitiesfortheCFL. blockchainreporter.net

TheburnrateofShibaInu(SHIB)hasseenastaggering65,529.67%increaseinthelast24hours,withover2.6millionSHIBtokensdestroyedaspartofeffortstoreducethecoin’scirculatingsupply.ThissuddenspikeintheburnratehaspiquedtheinterestofShibaInuholdersandcryptoanalystsasburneventsoftenstirspeculationonpotentialpriceimpacts. ShibaInuBurnRateSpikes DatashowsthatthemostrecentburntransactionseachmovedmillionsandthousandsofSHIBtokenstodesignated“deadwallets,”accordingtoShibburn.Thisreflectsanacceleratingreductioninthesupply,fuelinghopesforapositiveSHIBpricetrendinthelongterm. Inanotableburntransactionrecordedtwohoursago,344,431SHIBtokenswereburnedbytheaddress“0x608…”Meanwhile,asubstantialburnof1.5millionSHIBtokensoccurred15hoursagofromanotherwallet. Altogether,thisseriesoftransactionshasaimedtoboostSHIB’sscarcitybyremovingtokensfromcirculation,astrategypopularinthecryptospacetopushthedemanddynamics.Withsignificanttokensburned,theSHIBsupplyisshrinkinggradually.Asofnow,410.73trillionSHIBtokenshavebeenburned,whichisseenasabullishdevelopment. WillSHIBPriceSurgeto$0.0001? Despitetheseefforts,ShibaInu’spricehasstruggledrecently,grapplingwithashort-termdowntrend.AsofFriday,October25,SHIBwastradingat$0.00001733,markinga2.74%dipoverthepastdayandanear9%lossoverthepastweek. However,SHIBstillholdsa12%gainoverthepastmonth,andanalystsremaincautiouslyoptimistic.TheybelieveapotentialrecoverycouldunfoldifSHIBmanagestoreclaimthekeylevelof$0.00001850,whichcouldtriggerfurthergains. AnalystssuggestthatifShibaInumaintainsupwardmomentum,itmayadvancetowardthecriticalresistancezonebetween$0.000020and$0.000021.AsuccessfulbreakpastthislevelcouldpavethewayforSHIBtotestthe$0.00003mark. Moreover,somealsopredictthatthememecoinmightevenreachashighas$0.00005ifmarketconditionsremainfavorable.Beyondthat,inahighlyoptimisticscenario,analystsspeculatethatsustainedbullishsentimentcouldpushSHIBpriceabove$0.0001. Nevertheless,volatilityremainsaconcern,astheShibaInupricetrajectoryoftencorrelateswithspeculativeinterestandcryptomarkettrends.Still,therecentsurgeintheburnratehasintensifiedfocusonthetoken’slong-termscarcityprospects,potentiallyboostingitsappealasahigh-risk,high-rewardasset. cryptonewsz.com

U.S.federalauthoritiesarescrutinizingcryptocompanyTetherforallegedviolationsrelatedtosanctionsandanti-money-laundering(AML)regulations.Accordingtoindividualsfamiliarwiththesituation,theinvestigation,spearheadedbytheManhattanU.S.Attorney’sOffice,isexaminingwhetherthedigitalcurrencyTether(USDT)hasfacilitatedunlawfultransactionsbythirdparties.Theseincludeallegedfinancingofillicitactivitiessuchasdrugtrafficking,terrorism,hacking,orlaunderingillegalfunds. TetherinCrosshairsforCriminalActivities Meanwhile,theTreasuryDepartmentisconsideringsanctionsagainstTether.ThenUSDTstablecoin’swidespreadusebyindividualsandorganizationssubjecttoU.S.sanctions,includingHamasandRussianarmsdealers,hasalsoraisedconcerns.SanctioningTetherwouldprohibitU.S.citizensandentitiesfromtransactingwiththecryptocompany. Tether’sstablecoin,USDT,hasbeenafocusofincreasingregulatoryscrutinyinrecentyears.Unlikecryptocurrencieswithhighvolatility,USDT’svalueistiedtotheU.S.dollar,makingitapotentialalternativeinareaswheretheuseofAmericancurrencyisrestrictedbyU.S.authorities. Asthemosttradedstablecoinglobally,USDTseesdailytradingvolumesofupto$190billion.Thedigitalcurrencyisreportedlyakeyfinancingtoolforhigh-prioritynationalsecurityconcerns.TheillicitoperationsallegedlyfinancedwithUSDTincludethenuclearweaponsprograminNorthKorea,Mexicandrugcartels,Russianarmsmanufacturers,MiddleEasternterroristgroups,andChinesechemicalproducersusedinfentanylproduction. Tether’sinteractionswithregulatorsandlawenforcementdatebackseveralyears.Initially,theJusticeDepartment’sinvestigationfocusedonpotentialbankfraud,specificallyexaminingwhetherUSDT’sbackersfalsifieddocumentstosecureaccesstoglobalbankingservices,sourcessay. CompanyOfficialDeniesBroadInvestigation Tether,however,deniesfacinganexpandedinvestigation.“TosuggestthatTetherissomehowinvolvedinaidingcriminalactorsorsidesteppingsanctionsisoutrageous,”acompanyrepresentativestated,accordingtoTheWallStreetJournalreport.TheyalsoemphasizethatthecompanyactivelycollaborateswithbothU.S.andinternationallawenforcementagencies“tocombatillicitactivity.” Thecompanyhasreportedlystrengtheneditscontrolstopreventitsdigitalcurrencyfrombeingusedinillegalactivities.AccordingtoTetherexecutives,thetransparentnatureofblockchain,whereUSDTtransfersarerecordedonapublicledger,makesitimpracticalforillicituse.Theynotedthatitenablesauthoritiestotraceand,ifnecessary,seizefunds,whichmakessucheffortspointless. Overrecentyears,U.S.prosecutorshavepursuedsomeprominentplayersinthecryptosector.TheseincludeBinancefounderChangpengZhao,whowassentencedtoafour-monthprisontermandfaceda$4.3billionfineforfailingtomeetanti-money-launderingobligations. Moreover,Tetherhasalsofacedpreviousregulatorychallenges.Severalyearsago,thecompanypaid$61milliontoresolveinvestigationsbytheNewYorkAttorneyGeneral’sofficeandtheCommodityFuturesTradingCommission.Atthetime,thefirmwasaccusedofmisrepresentingitsassetbacking. TheongoingprobeintoTethercouldhaveimplicationsforitspartners,suchasbrokeragefirmCantorFitzgerald.ThisbrokeragemanagesthemajorityofTether’sreserveassets,includingapproximately$80billioninU.S.Treasurysecurities,makingTetheroneofthelargestholdersofthesegovernment-backedassets. HowardLutnick,CEOofCantorFitzgeraldandaTrumpally,holdsaprominentroleintheTrump-Vancetransitionteam.TheTrumpcampaigncommentedthatLutnickisa“renownedbusinessleaderandphilanthropist,”withoutaddressingtheongoinginvestigation. Recently,Tetherhastakenfurtheractiontofreeze1,850cryptowalletsandhasretrievedanestimated$114millioninassets.Toenhancemonitoring,thecompanypartneredwithanalyticsfirmsChainalysisandTRMLabs.Italsoexpandeditslobbyingteam,hiringaformerPayPalexecutiveexperiencedindigitalcurrencyregulation.Still,thelegalscrutinyseemsfarfrombeingover. cryptonewsz.com

Inasurprisingtwist,JarettDunn,whopreviouslypleadedguiltytoasignificantattackontheSolana-basedmemecoinlaunchpadPump.Fun,isnowattemptingtoretracthisplea.Thisdevelopmentcomestwomonthsafterheadmittedguiltforsiphoningapproximately$2millionfromtheprotocol.Thisdecisionnowseemstobeinjeopardyashislegalrepresentationhaswithdrawnfromthecase. Solana-BasedPump.FunAttackertoWithdrawGuiltyPlea Dunn,identifiedasadisgruntledformeremployee,targetedPump.Fun,claimingtheprotocolhad“inadvertentlyhurtpeopleforalongtime.”Hisactionsinvolvedredistributingtokenstomultiplerandomaddresses,whichmanyperceivedasabrazenact,leadingsometolabelhimascrypto‘sversionofRobinHood.However,therepercussionsofhisactionsleftnumerousretailtradersadverselyaffected. AtarecentcourtappearanceatWoodGreenCrownCourtinLondon,Dunnfacedthepotentialofmorethansevenyearsbehindbars.Insteadofproceedingwithsentencing,herequestedtowithdrawhisguiltyplea,amovethatcouldcomplicatehislegalsituation.HisattorneysdisclosedthatDunnisnowseekingnewlegalcounseltonavigatethisunexpectedshift. Dunn’scasehasgainedsignificantmediaattention,particularlyduetothecontroversysurroundingPump.Fun,whichhasbeenlinkedtovariousscamsandwildantics.Theseincludeincidentswhereindividualswenttoextremelengthstopromotetheirtokens.Despitethisbackdrop,theplatformhasreportedlybeenactiverecently,sellingsubstantialamountsofSOL. Nowwithoutlegalrepresentation,Dunnhasatwo-weekwindowtosecurenewattorneysbeforethecourtwillhearhispleawithdrawal.Ifgranted,hiscasecouldadvancetotrial,potentiallyfeaturingtestimonyfromthefoundersofPump.Funandotherwitnesses. ChancesofCourtDenial Thecourtmay,however,denyDunn’srequesttowithdrawhisplea,especiallygivenhispreviousadmissionsofguilt.ThisincludesanotablepostonXshortlyaftertheattackwherehestated,“Everybodybecool,thisisarobbery.” Despitethemountinglegalpressures,Dunnremainsactiveonsocialmedia,engagingwithfollowersabouthissituation.Today,heexpressedconcernsoverpotentialsmearcampaignsshouldhebejailed.Heposted,“IhadaweebitoffearthatthemomentIwerejailedtherewouldbesmearcampaignsandrealsh**feds”and“paidactorsdoingrealsh**thingstobringmedown.” IhadaweebitoffearthatthemomentIwerejailedtherewouldbesmearcampaignsandrealshitfeds+paidactorsdoingrealshitthingstobringmedownbutyouain’tnevergonnakeepmedownIgetknockeddownbutIgetupagainyouuuuain’tnevergonnakeepmedown —notjarrettdrunn,that’sforsure(@STACCoverflow)October25,2024 Hedefiantlydeclared,“youain’tnevergonnakeepmedown,”echoinghiscommitmenttofightingthechargesagainsthim.Meanwhile,atthecourthearing,Dunnappearedalone,accompaniedonlybyhisgirlfriendandafriendfromarecoverygroup.Moreover,hisresponseregardingnewlegalrepresentationraisedeyebrowsamongobserverspresent. cryptonewsz.com