Crypto Winners & Losers This Week + Hot ICOs & Airdrops

Dear Readers,

The crypto market's growth engine remains strong during this consolidation phase, with market participants optimistic about Bitcoin breaking the $70,000 barrier. Recently, BTC has been hovering just below this significant resistance level.

The mixed price movements indicate ongoing market contention, while reduced trading volume during consolidation hints at a temporary pause in the upward momentum.

Highlights Of The Week

• The Hong Kong Technology Crime Police Advisory Group has raised concerns about the surge in digital asset-related crimes, urging the creation of a regulatory framework to identify and mitigate associated risks. Police data reveals that nearly $550 million was involved in digital asset crimes in 2023, with fraud schemes accounting for 90% of these cases.
  

• After President Joe Biden vetoed the resolution to overturn the U.S. Securities and Exchange Commission (SEC)’s contentious crypto regulations in SAB 121, lawmakers in both the Senate and House of Representatives have intensified efforts to pass the landmark Financial Innovation and Technology for the 21st Century (FIT21) Act.
  

• Magic Leap, a frontrunner in the augmented reality industry, announced on May 30 a partnership with Google to advance augmented reality technologies. This collaboration aims to introduce unique product offerings and further strengthen the longstanding relationship between the two companies.
  

• Former U.S. President and presidential candidate Donald Trump’s crypto portfolio now exceeds $14 million, according to Arkham Intelligence’s onchain tracking tool. His holdings include a substantial amount of meme coins, airdropped to him by various developers.
  

• The SEC’s Office of Investor Education and Advocacy has issued an alert to highlight five common crypto scams that investors should be aware of to avoid financial losses. The SEC warns that fraudsters are capitalizing on the popularity of cryptocurrencies with increasingly sophisticated techniques, making it challenging to recover lost funds.

Top Weekly Gainers

Despite multiple indicators pointing to strong resistance levels and declining trading volume across the crypto market, several cryptocurrencies continue to exhibit robust growth momentum.

Some have even delivered significant gains to their holders over the past week. As of this newsletter, the standout performers are:

Bird Dog:
Bird Dog (BIRDDOG) experienced a phenomenal surge this week, skyrocketing from $0.00053 to as high as $0.01000. This remarkable seven-day jump of over 1750% pushed Bird Dog to its all-time high. The project’s impressive trade volume of nearly $1.7 million reflects significant interest. Bird Dog, the fifth character in Matt Furie's Boy's Club, is a community-led initiative featuring a flying dog.

MAGA:
The Donald Trump meme coin, MAGA, is another name that took on a mighty climb in the last seven days, which brought it from merely $0.00000022 to its present price of $0.00000330, denoting a 1500% jump. It must be noted however, that volume growth has stabilized around $1.1 million. MAGA saw a surge in market interest following Donald Trump’s convictions by US courts, earlier last week.

Solana Classic:
Solana Classic has achieved a remarkable price surge over the past week, soaring from $0.00456 to $0.03200, marking an impressive 640% increase. This extraordinary gain has earned Solana Classic a spot among top-performing assets. Recent utility announcements have invigorated market bulls, driving this substantial price climb.

Elon:
The price of Elon (ELON), over the last seven days has also been turning heads. The Elon Musk inspired meme token ballooned to $0.000060 this week, at which point its gain stood at a whopping 611%. The bulls seem to be triggered by Elon Musk’s recent posting of an AI meme on X.

GameStop:
GameStop (GME) is another top winner from the week, that has managed to remarkably push upward from to $0.000040. What remains most impressive about this digital asset is not only its 600% price appreciation but its trade volume which surpassed $36 million. The interest around GME comes after the meme frenzy surrounding the return of ‘Roaring Kitty’.

Top Weekly Losers

Despite impressive gains over the past week, significant losses have also emerged. This comes as aggressive bulls made a minor retreat after encountering strong resistance. As of this newsletter, the following names are the top losers of the week:

Baby Slerf:

One of the most notable losers this week was Baby Slerf, which saw a staggering 99% drop in value over a single week. The cryptocurrency plummeted from a high of $5,540 to a current low of $1.34, amid reports of users being unable to sell their coins. This situation is increasingly being labeled a rug pull. Surprisingly, despite the negative sentiment, the cryptocurrency has surged 60% today.

Pepe AI:

Another cryptocurrency that experienced a significant price drop this week is Pepe AI. The cryptocurrency has been consistently declining over the past several days, with its trading volume now at $10.3 million. The reasons for the dramatic 99.9% price fall within just seven days remain unclear, as no evident developments or updates seem to explain this steep decline.

Tenti:

Tenti (AIRTNT) has experienced a turbulent price trajectory over the past week, marked by significant volatility despite high trading volume exceeding $66 million. Amid this instability, Tenti's price plummeted from $0.0012 to a new low of $0.00024, losing more than 80% of its value. In freefall since December, Tenti's substantial trading volume indicates that the market's downward pressure on the cryptocurrency is far from over.

MEDIEUS:

MEDIUS (MDUS) has had a rough week which saw it brought to its knees from $0.0883 to a dismal $0.0191. In this downturn of almost 80%, trading volume has steadily been declining from $116 million, which indicates the losses may eventually flatten. The sell-off seems to come rather spontaneously without any news to trigger the bears.

Caitlyn Jenner:

The Caitlyn Jenner meme coin is trading at a price of $0.0058, which is crushing to its holders, considering its price from last week of $0.0277. During this time, not only has Caitlyn Jenner lost more than 70% of its total pricing value, but also saw its volume descend from $130 million to merely $20 million.

Hot ICOs To Watch

Active ICOs

Taiko:
Taiko’s ICO has raised an impressive $22 million, with funding expected to conclude tomorrow. The key to this achievement lies in Taiko’s innovative approach to solving Ethereum’s scalability challenges.

Taiko offers an Ethereum-equivalent (Type 1) ZK-EVM that seamlessly integrates with Ethereum. No additional compilation, reaudits, or specialized tools are required—it works out of the box.

It is an open-source project driven by community support. Its source code is freely accessible and modifiable under a permissive license.

TAP Protocol:
TAP Protocol is yet another ICO to keep on your radar, with its ambitious fundraising goal of almost $10 million, which it aims to surpass by the next two days. As of yet, the project has already successfully reeled in $4.2 million, reflecting 43% of its total goal.

TAP Protocol stands out by leveraging Bitcoin sequence numbers to enhance security and flexibility. It enables secure and accessible development, unlocking unprecedented programmability on the Bitcoin network. Unlike its competitors, TAP facilitates building on Bitcoin in a decentralized manner, addressing the limitations of traditional Bitcoin transactions

Ultiverse:
The Ultiverse token sale has gained significant traction within crypto circles, emerging as a major success. Currently, the project has raised $9.5 million, with expectations of further growth in the remaining two days of the ICO.

Ultiverse stands as an integrated Web3 platform that seamlessly combines GameFi, NFTs, DeFi, a marketplace, and liquid staking. Its mission is to create the next-generation gateway, connecting Web3 with players globally.

Upcoming ICOs 

Mirada AI:
An upcoming ICO that many are eagerly anticipating is that of Mirada AI (MIRX), which is set to get started by early next week. Mirada AI, developed by Mirada Labs, introduces a groundbreaking approach to artificial intelligence through a decentralized model. As an ERC20 token on Ethereum, MIRX supports transactions, governance, and incentives within the Mirada AI ecosystem

Earn’M:
The highly acclaimed Earn’M project is poised for an upcoming token sale that has captured significant market attention. The ICO is scheduled to commence next week, and many anticipate it will make a substantial impact. 

Earn’M creates an ecosystem akin to the transformative influence observed with companies like Airbnb and Uber, effectively turning everyday devices into potent economic tools.

Outlanders:
Outlanders (LAND) is a highly anticipated ICO scheduled for this month, with 27.5% of its total 2 billion tokens available to the public. The project introduces an MMORPG where players engage in adventure-based gameplay, competing in conquests and battles to unlock lucrative earning opportunities.

Ended ICOs

NuLink:

The NuLink (NLK) platform has captured the attention of cybersecurity enthusiasts in several countries. The recent token sale concluded yesterday, and developers are now shifting their focus to subsequent project phases. 

NuLink offers privacy-preserving technology for decentralized applications through APIs, allowing developers to build applications with robust security and privacy practices.

Saakuru:

The Saakuru (SKR) ICO, which has been in progress for some time, recently concluded. Over the past few weeks, significant discussions within the crypto community have centered around this blockchain service, highlighting its impact.

Saakuru is a consumer-centric Layer 2 (L2) protocol built on the OP Stack, offering zero transaction fees to ensure a seamless experience for any application.

Hottest Airdrops

Nexo Airdrop:

1. Visit the Nexo website.

2. Create an account if you don’t have one already.

3. Submit your details and complete advanced verification.

4. Now visit the Nexo airdrop page.

5. Click on “Join The Hunt.”

6. Download the Nexo mobile app and log in.

7. Go to the reward center and opt in.

8. Now complete various activities like funding your account, borrowing funds, swapping tokens, and using the Nexo card.

9. You will earn free points depending on the tasks you complete.

CEX.io Airdrop:

1. Visit the CEX.IO Telegram airdrop bot.

2. Join the mini-app on Telegram.

3. Tap to earn tokens.

4. Farm even more tokens.

5. Invite up to 100 friends.

6. Complete simple tasks.

7. Register on CEX.IO.

8. Install CEX.IO App.

9. Subscribe to CEX.IO Telegram.

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That's it for today. Thanks for reading. Good luck out there!

Best Regards,
Crypto Recorder Team

P.S Got a question, suggestion or general feedback? Feel free to reply to this email. I'll get back to you asap!