According to the analyst, who goes by the pseudonym Ignas, PENGU and CGPT are the only recently launched tokens that have not experienced a full-blown plunge following Binance's listing. As of press time, PENGU is trading at $0.028, down 60% from the price level of $0.07 it reached on the day of its listing on the exchange, while CGPT is down 4.7% since its listing on January 10. Meanwhile, mem...
On October 7th, overseas crypto KOL Ignas published data pointing out that the number of EIGEN currently in the state of pledge is larger than the number of EIGEN in circulation, the amount of pledge is 242 million, and the circulation is 186 million (CMC and Coingecko data). This is because EigenLayer allows investors' tokens in a "locked" state to be staked. Ignas added that this is a common problem in the industry, and TIA appears to have a similar problem. It dilutes the staking rewards avai...
DeFi researcher Ignas posted on the X platform that 40% of Telegram's revenue streams are related to cryptocurrencies, including integrated wallets (storing, sending, receiving, and trading cryptocurrencies) and the sale of digital collectibles (such as usernames and virtual phone numbers). Overall, Telegram had revenue of $342.50 million in 2023, but still ended the year with a loss of $108 million. However, its balance sheet shows that it has nearly $400 million in cryptocurrency holdings (TON...
Ignas DeFi posted on the X platform, the Ethereum Foundation allocated $30 million in the 4th quarter of 2023. And in the 3rd quarter of 2023, they allocated $8.90 million. EF allocated grants for education and niche (but cool) products that may not be supported by a large number of VCs. This could explain why they are reluctant to fund the DeFi protocol because they will receive external funding from VCs anyway. However,...