Presale play for some crypto projects is going better than the rest of the herd. While the whole market is going through a crisis, a rising star tries to save the industry with his kindness and not your standard value proposition. Big Eyes Coin has indeed done very well over the past two months and, at the time of this writing, has just completed its fourth presale stage with over $7 million in the bank.
The last time a project got this much buzz was when Avalanche dropped its token, ending its pre-sale season with over $42 million in its pocket. So clearly there is more room for Big Eyes Coin to grow. In today’s editorial, we’ll see if that can count for even more greatness amid growing industry security concerns with hacks hitting the Solana DeFi trading platform and BNB Smart Chain. .
Big Eyes: Certified cuteness with a touch of DeFi
Despite being the new kid on the block, Big Eyes Coin has gained a massive fanbase among crypto enthusiasts and people in general. One of the reasons this project resonated so much was its standout design that goes entirely against the established aesthetic narrative. Indeed, most market projects are dog-themed or monkey-inspired, but Big Eyes Coin offers a cute anime cat figurine that the crypto herd can’t get enough of.
However, the project’s unique value proposition in its DeFi services is the icing on the cake that is likely attracting most early investors. Unlike most DeFi projects, Big Eyes Coin has no fees for trading, exchanging, and sending tokens within its native DeFi platform. In light of that, if you’re a decentralized finance evangelist looking to up your trading game, this project might be what you’ve been looking for.
Solana’s DeFi was hit by a $100 million hack
Earlier this week, Mango Markets was drained of $100 million in funds due to an external exploit. According to the official Twitter account, on Tuesday night a hacker was able to drain funds from Mango via oracle price manipulation. Mango Markets is a Solana-based platform for digital trading assets on the Solana blockchain that Mango DAO governs.
Although Mango Markets offered the attacker the chance to collect a bounty of bugs in exchange for returning the stolen funds, the chances of this happening are slim. We will continue to monitor the situation, but in the meantime we suggest that you always store your crypto in a cold wallet to avoid disenchantment.
BNB Smart Chain lost over $570 million in an external exploit
There was another major hack among the vast blockchain networks this week, as the world’s largest crypto exchange by trading volume was hit by an external exploit. Hackers drained 2 million BNB, the native Binance network token, out of thin air due to a vulnerability that resulted in an estimated $570 million hack. As a result, the price of BNB fell slightly on Friday after Thursday night’s hack.
On the plus side, the whole blockchain didn’t collapse (although it came very close) as the problem was contained and dealt with almost immediately since it was disabled with the validators working together quickly. Moreover, BNB holders also did not lose $570 million collectively, as media headlines may have been confusing. In fact, the hacker was only able to phish $107 million, while the rest was frozen thanks to the quick reaction of network validators.
What to do with it
Although hacking is an alarming concern for everyone in the crypto industry, the only thing we can do is to carefully move our crypto assets every time we interact with on-chain protocols. In the meantime, if big cute eyes have you hooked, we suggest you try promo code BIG8419 for a chance to win some free tokens. Happy trading!
Big Eyes Coin (BIG)