The coins ranked #2 and #3 were both dumped in the hackers’ sell-off
1. $INIT / INITUSDT Current price 0.19767 U 24h trading volume 3.22 million U
Initia is an L1 that links application chains with an underlying public chain, letting you launch a chain like installing a plugin. It’s in the modular public-chain sector. Its selling point is that applications don’t need to maintain their own validators or cross-chain bridges.
On 10-23, a vulnerability allowing unlimited issuance forced it to shut down the L1 and all Rollups. On 10-30, it announced a resumption on 11-2, with an independently audited MoveVM patch to isolate fabricated balances.
Total supply: 1 billion｜Current market cap: 41.49 million U｜Rank: 515
4h 【+8.06%】｜24h +14.04%｜7d +31.85%
Current 4h candle volume: 680,000 U = 1.28x the previous candle; closed at 91% of its range, 3.67% below the 24h high. Previous 4h candle: +3.46%. Final 1h candle: +4.48%, 479,000 U = 4.24x average volume.
Volume only rose to 1.28x, with most trading concentrated in the hour before the close.
2. $GTC / GTCUSDT Current price 0.23963 U 24h trading volume 4.16 million U
Gitcoin was one of the earliest platforms on Ethereum to fund open-source projects, using quadratic funding to raise money for public goods. GTC is its governance token, and its sector is public goods funding.
In the Binance theft incident on 10-30, it was on the hacker wallet’s sell-off list (along with FUN, PROM, RSR, RED, OGN, SOPH, and ERA). It closed down 12.38% that day, and there have been no project announcements in the past three days.
Total supply: 100 million｜Current market cap: 20.90 million U｜Rank: 822
4h 【+8.04%】｜24h +1.15%｜7d -4.26%
Current 4h candle volume: 1.85 million U = 1.80x the previous candle. The intraday high of 0.25618 was also the 24h high; it closed at 52% of its range, 6.46% below that high. Previous 4h candle: +0.05%. Final 1h candle: -4.33%, 567,000 U = 3.30x average volume.
It’s up just 1.15% over 24h, but 8.04% over these 4 hours; the previous 20 hours were net down, and in the final hour it gave back half of the day’s gains to its high.
3. $ERA / ERAUSDT Current price 0.0715 U 24h trading volume 2.51 million U
Caldera lets you launch a Rollup with one click. Projects that want their own layer 2 don’t have to build from scratch; they can configure the parameters and go live. ERA is used for governance and staking.
On 10-30, it added an emergency freeze function to its Ethereum mainnet contract, making ERA on addresses related to the Binance incident non-transferable. It was also on the sell-off list.
Total supply: 1 billion｜Current market cap: 12.48 million U｜Rank: 1117
4h 【+5.79%】｜24h +3.77%｜7d -2.46%
Current 4h candle volume: 570,000 U = 1.04x the previous candle; closed at 93% of its range, just 0.83% below the 24h high. Previous 4h candle: +1.20%. Final 1h candle: +3.34%, 333,000 U = 3.32x average volume.
Volume barely increased; nearly all the gains came in one hour, on just 330,000 U in trading volume.
Of the three, only INIT is up over the past week, the past day, and these 4 hours. The other two are still down over the week; today looks more like a partial recovery from the hole left by the 10-30 sell-off.
Do you hold any of these three coins?
The above is only a record of data, not investment advice. DYOR.
1. $INIT / INITUSDT Current price 0.19767 U 24h trading volume 3.22 million U
Initia is an L1 that links application chains with an underlying public chain, letting you launch a chain like installing a plugin. It’s in the modular public-chain sector. Its selling point is that applications don’t need to maintain their own validators or cross-chain bridges.
On 10-23, a vulnerability allowing unlimited issuance forced it to shut down the L1 and all Rollups. On 10-30, it announced a resumption on 11-2, with an independently audited MoveVM patch to isolate fabricated balances.
Total supply: 1 billion｜Current market cap: 41.49 million U｜Rank: 515
4h 【+8.06%】｜24h +14.04%｜7d +31.85%
Current 4h candle volume: 680,000 U = 1.28x the previous candle; closed at 91% of its range, 3.67% below the 24h high. Previous 4h candle: +3.46%. Final 1h candle: +4.48%, 479,000 U = 4.24x average volume.
Volume only rose to 1.28x, with most trading concentrated in the hour before the close.
2. $GTC / GTCUSDT Current price 0.23963 U 24h trading volume 4.16 million U
Gitcoin was one of the earliest platforms on Ethereum to fund open-source projects, using quadratic funding to raise money for public goods. GTC is its governance token, and its sector is public goods funding.
In the Binance theft incident on 10-30, it was on the hacker wallet’s sell-off list (along with FUN, PROM, RSR, RED, OGN, SOPH, and ERA). It closed down 12.38% that day, and there have been no project announcements in the past three days.
Total supply: 100 million｜Current market cap: 20.90 million U｜Rank: 822
4h 【+8.04%】｜24h +1.15%｜7d -4.26%
Current 4h candle volume: 1.85 million U = 1.80x the previous candle. The intraday high of 0.25618 was also the 24h high; it closed at 52% of its range, 6.46% below that high. Previous 4h candle: +0.05%. Final 1h candle: -4.33%, 567,000 U = 3.30x average volume.
It’s up just 1.15% over 24h, but 8.04% over these 4 hours; the previous 20 hours were net down, and in the final hour it gave back half of the day’s gains to its high.
3. $ERA / ERAUSDT Current price 0.0715 U 24h trading volume 2.51 million U
Caldera lets you launch a Rollup with one click. Projects that want their own layer 2 don’t have to build from scratch; they can configure the parameters and go live. ERA is used for governance and staking.
On 10-30, it added an emergency freeze function to its Ethereum mainnet contract, making ERA on addresses related to the Binance incident non-transferable. It was also on the sell-off list.
Total supply: 1 billion｜Current market cap: 12.48 million U｜Rank: 1117
4h 【+5.79%】｜24h +3.77%｜7d -2.46%
Current 4h candle volume: 570,000 U = 1.04x the previous candle; closed at 93% of its range, just 0.83% below the 24h high. Previous 4h candle: +1.20%. Final 1h candle: +3.34%, 333,000 U = 3.32x average volume.
Volume barely increased; nearly all the gains came in one hour, on just 330,000 U in trading volume.
Of the three, only INIT is up over the past week, the past day, and these 4 hours. The other two are still down over the week; today looks more like a partial recovery from the hole left by the 10-30 sell-off.
Do you hold any of these three coins?
The above is only a record of data, not investment advice. DYOR.