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The trend appears to be that the SafeMoon whale dominance rate is not as high as it once was. One estimate suggests that the top 100 SafeMoon whales own 11% of the supply. Other estimates surmise that SafeMoon whales own 7% or 8% of the supply.
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This particular drop was caused by a combination of factors that may have made this drop more severe, Noble theorizes, from excitement about low-quality coins, to negative remarks from Elon Musk, to China’s latest crack down on crypto services. The accumulated response made this sell off “all the more violent,” says Noble.
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The maneuver, known as a “rug pull” in cryptocurrency circles, occurs when a token’s creators abandon the project by exchanging many virtual coins for real-world cash. They quickly drain liquidity from the product, effectively driving the coin’s value to zero and leaving other investors holding the bag in an apparent scam.
Squid Game cryptocurrency rockets in valueChinese viewers slam 'copycat' Squid Game show

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— Allie Caccamo is now an associate doing tech policy strategy at Christoff & Co. She most recently was an account coordinator at Allison+Partners.

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House passes Joe Biden’s $1.2tn bipartisan infrastructure billPfizer’s Covid antiviral pill slashes hospitalisation risk, trial showsFed feat extends the party for stock marketsNew Jersey’s suburban voters provide ‘wake-up call’ in Democrats’ slim victoryChinese intelligence officer convicted of stealing secrets from General Electric

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    BusinessCryptocurrencyHere's How To Determine Whether Crypto Investment Is Useful Despite the risks, cryptocurrency can help you earn much more quickly than most other such tools.

    Results were generated a few mins ago. Pricing data is updated frequently. Currency in USD
    Accounts that hold vast amounts of a cryptocurrency may begin to sell, causing prices to plummet. These accounts are known as whales because they have a significant position and can influence the market if a group of people agrees to sell crypto assets.

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    © 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. 3. Aaron Rodgers' fiancée Shailene Woodley shares cryptic message after he reveals he's unvaccinated 4. Roger Stone said he'll run for Florida governor just to draw votes away from Ron DeSantis unless the governor pledges not to run for president in 2024

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    Connor is a Scottish financial expert, specialising in wealth management and equity investing. Based in Glasgow, Connor writes full-time for a wide selection of financial websites, whilst also providing startup consulting to small businesses. Holding a Bachelor’s degree in Finance, and a Master’s degree in Investment Fund Management, Connor has extensive knowledge in the investing space, and has also written two theses on mutual funds and the UK market. View all posts by Connor Brooke It’s an Italian Thing Employer Insurance Premium Growth – Still a Problem Does Japan’s Democracy Have Room for Women and Children? Move Over Oil, It’s LNG Thursday Headlines: OPEC, Deutsche Bank and Many Fed Speakers Remember September (for Jobs Data)

    WASHINGTON (AP) — The Justice Department has recovered most of a multimillion-dollar ransom payment made to hackers after a cyberattack that caused the operator of the nation's largest fuel pipeline to halt its operations last month, officials said Monday.
    Business News›Markets›Cryptocurrency›Top cryptocurrency prices today: Dogecoin, Solana zoom 8%; Shiba Inu in top 15 list

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    Scrutiny comes as growing number of investors are looking to tap fast-growing digital asset market
    Bitcoin (BTC) is the preeminent cryptocurrency and the first to be used widely. However, hundreds of cryptocurrencies exist, and more spring into being every month.

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From $2,800​ to zero in 5 minutes: How investors lost millions in cryptocurrency inspired by ‘Squid Game’

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— Emergent BioSolutions has promoted Assal Hellmer to senior director for business communications, and Matt Hartwig to senior director for media relations. The firm also announced Katherine Getty has been promoted to director for federal government affairs.

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Polkadot and Ripple’s XRP led the way down, with losses of 3.14% and 3.50% respectively.

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CryptocurrencyEdited by NDTV Business DeskUpdated: November 06, 2021 12:56 pm IST

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