News

According to Odaily, privacy protocol Zama has announced that it will launch an on-chain token sale through a certain exchange and its own auction application, with a fully diluted valuation (FDV) floor price of $55 million. This sale will use a sealed-bid Dutch auction structure and will distribute 12% of its total supply of 11 billion tokens. Zama co-founder and CEO Rand Hindi stated that the 12% token sale is divided into three parts: a 2% community sale this week for Zama NFT holders; an 8% sealed-bid Dutch auction in cooperation with a certain exchange from January 21 to 24; and a final 2% sale at the clearing auction price from January 27 to February 2. The exchange is the main distribution partner for the auction, but the sale is not exclusive to the platform—participants can also bid through Zama’s own auction application. The main auction will take place on the Ethereum mainnet, with a token floor price of $0.005.

 former New York Mayor Eric Adams has been widely questioned due to the sharp decline of his newly launched cryptocurrency NYC Token within hours of its launch. Data shows that the market value of NYC Token once surged to about 580 million USD, then quickly dropped to about 130 million USD. Blockchain analysis platform Bubblemaps pointed out suspicious behavior regarding the token: wallets associated with the project deployer withdrew about 2.5 million USD liquidity at the price peak. After the token price dropped about 60%, the address re-injected about 1.5 million USD, but about 900,000 USD was still not returned. A large number of users on social platform X accused Adams of a rug pull, meaning withdrawing funds for profit after promoting the project.

According to ChainCatcher, Arkham data shows that at 00:30, 6,989.38 MKR (worth approximately $9.7554 million) were transferred from an anonymous address (starting with 0x032d...) to an exchange.