SUSHI

• Pepe (PEPE) has defied Bitcoin's dominance with a 31% surge following the burning of 6.9 trillion tokens worth $5.5 million.
• This token burn effectively removed tokens from circulation, quelling concerns about the project's token holdings.
• The Pepe team, in response to unauthorized transfers, also welcomed new advisors to guide the project's future direction.
• PEPE, inspired by Pepe the Frog memes, gained popularity but differs from other meme coins by lacking specific utility, such as the Layer-2 blockchain launched by SHIB.

Pepe (PEPE) Surges 31% After Dramatic Token Burn and Management Shakeup

• This remarkable upswing in value came on the heels of a dramatic token burn, during which a staggering 6.9 trillion tokens, worth approximately $5.5 million, were permanently removed from circulation.
• The Pepe meme coin, known for its distinctive frog-themed branding, is now trading at a two-month high following this significant development.
• The token burn not only had an immediate positive impact on PEPE's price but also eased concerns surrounding the management of the project's token holdings.
• At present, the Pepe team holds approximately 3.79 trillion tokens, valued at approximately $3.72 million.
• With the recent changes in management and the reduction in token supply, the project appears to be gearing up for further development and strategic partnerships.

Anonymous Whale Acquires Massive Stake in PEPE Amidst Volatile Market

• According to a recent post shared by the "Smart Money" tracking platform Lookonchain, this enigmatic whale acquired nearly two trillion PEPE tokens, sparking intrigue and speculation in the cryptocurrency sphere.
• Lookonchain’s post shed light on the identity of this anonymous whale, revealing that the individual boasts an impressive following of over 100,000 users on the X social media app.
• However, the acquisition of PEPE was not without its share of challenges, as Lookonchain noted that this whale had "lost a total of ~$30M in SUSHI including all CEX buys."
• Furthermore, this whale had unstaked a massive 2.46 trillion SUSHI tokens, valued at $2.12 million, on 4 June this year.
• As PEPE experiences fluctuations in its value and adoption, the community eagerly anticipates the next chapter in the meme coin's journey.

Price Overview

• This boosted its price to $0.000000963 at press time.
• Price chart for PEPE (Source: CoinStats)
  The latest increase in price added to PEPE’s positive weekly performance as well.
• Its price was also able to increase around 44% throughout the past month.

• The new product is designed to attract investors seeking relatively low-risk yield-earning instruments based on aggregated market indicators.
• The benefit offered by the Bitget index futures service lies in that the indices can closely track the changes in market conditions and help investors receive average market returns, also known as the beta return.
• Bitget index futures allow investors to build portfolios consisting of multiple currencies, thus negating the impact of sudden market changes and reducing unsystematic risks in investment.
• Lastly, index futures give the benefit of expanding investment horizons across multiple market assets by aggregating market performance data, thus opening up new investment opportunities.

• "When evaluating our choices for bridge partner, LayerZero stood out in terms of technical strength, security, and support from top-tier VCs and ecosystem developers.
• We believe they are the right partner for Harmony as we resume Horizon bridge."
• "We're excited to partner w/ Harmony to bring the best of LayerZero to their ecosystem and enable resumption of Harmony's Horizon bridge and enable cross-chain applications," said Bryan Pellegrino, CEO of LayerZero.
• Lossless Aegis framework will continuously monitor the Horizon bridge to detect any suspicious activities and prevent the future attacks on the bridge.

• Sushi completes deployment to the Kava blockchain with a liquidity pool eligible for KAVA and SUSHI token rewards.
• Providing liquidity to Sushis wKAVA/USDC pool deployed to the Kava EVM will be eligible for KAVA and SUSHI token rewards.
• Sushi and Kavas partnership milestone is made possible by Kava Rise, a $750M rewards program designed to push 10x growth on the Kava blockchain.
• Being a part of Kava Rise means all Sushi pools on Kava will accumulate programmatic, on-chain rewards for the Sushi protocol.