250.47K
727.28K
2024-10-15 11:00:00 ~ 2024-10-28 13:30:00
2024-10-28 18:00:00
Total supply1.00B
Resources
Introduction
Grass is a decentralized data layer built specifically for artificial intelligence that enables users to share their Internet bandwidth and obtain verifiable network data through a distributed network. This is achieved by leveraging idle internet connections of node operators to collect raw data, which is then processed for AI training purposes. GRASS Total supply: 1,000,000,000 Website: https://www.getgrass.io/ X: https://x.com/getgrass_io Discord: https://discord.com/invite/getgrass
The Grass price has surged 34% in the last 24 hours to trade at $1.09 as of 7:25 a.m. EST on trading volume that pumped 8% to $173 million. The GRASS price jump came after the token faced several technical issues with its airdrop , which had earlier caused a steep slump. Despite the initial setbacks, which affected many users and raised concerns about the project’s stability, the token has since regained momentum as investors seem to be optimistic about the project’s future potential. Grass Price Poised For A Breakout Above The Resistance level The GRASS/USD 30-minute chart highlights a clear pattern with key support and resistance levels, backed by the 50-period Simple Moving Average (SMA), MACD, and RSI indicators. Around $0.90, a strong support level has formed, tested multiple times, and created a double bottom pattern. This setup often signals a potential shift from bearish to bullish momentum, which we see reflected in the recent price bounce. On the upper side, there’s resistance at about $1.10, where the price has hit a ceiling and struggled to break through, showing significant selling pressure at this level. GRASSUSD Analysis Source: Dextools.io The 50 SMA, sitting around $0.94, aligns with a mildly bullish trend, as the price remains slightly above it. This moving average could act as a support level if the price dips, possibly helping to sustain upward movement. Grass Price Bullish Technicals Indicate Mixed Signals The MACD indicator suggests mild bullish momentum, with the MACD line positioned just above the signal line, though the small histogram bars indicate that the trend isn’t particularly strong. This setup may not be enough to break the resistance without stronger buying volume. The RSI, currently at 57.47, falls within a neutral-to-bullish zone, indicating moderate buying interest for the Grass price. This reading leaves some room for further upward movement before reaching overbought levels (above 70). If the price breaks past the $1.10 resistance level, it could confirm a stronger uptrend, possibly targeting the $1.20 range. However, if it fails to push higher and drops below the 50 SMA at $0.94, a retest of the $0.90 support level is possible. Conversely, if neither buyers nor sellers take control, the price may consolidate within the $0.90 to $1.10 range. Overall, the chart shows cautious bullish sentiment, with a breakout above $1.10 needed to confirm a more decisive upward trend. Pepe Unchained Storms Past $23.7 Million: Next Crypto To Explode? As Grass surges, many investors seem to believe that a new PEPE derivative called Pepe Unchained (PEPU) might be the next crypto to explode. Its barnstorming ICO has swept past $23.7 million in funds raised already, making it one of the biggest meme coin presales ever. An analyst from the 99Bitcoins YouTube channel, which has over 706K subscribers, said that PEPU could soar 100X after its launch. Pepe Unchained has captured imaginations because it is developing its own Layer-2 network called “Pepe Chain.” It’s doing that to free the original PEPE from his slow, expensive, clunky home on Ethereum, Pepe Chain comes with transaction speeds up to 100 times faster, it’s much cheaper and more scalable. And all of that is resonating well with investors. The project will also make this slick network available to the entire meme coin market. This will give the meme coin space a new platform to help manage the high demand and large number of transactions expected during the next supercycle. In addition to being scalable, Pepe Unchained will allow for the creation of decentralized applications focused on meme coins. Recently, the team also introduced a developer grant program to provide financial support to approved applicants who want to build apps on the Pepe Unchained network. It will also include instant bridging back to Ethereum, a dedicated block explorer, and a staking program with an annual yield of 99%. There’s still time to buy PEPU tokens, which are currently priced at $0.01199 each. Make your purchase before the price goes up in less than 2 days to get the best deal. You can buy PEPU tokens here with ETH, USDT, BNB, or a bank card. Related Articles 50 Million Early Votes: Who’s Winning? PolitiFi Coin FreeDum Fighters Sees Trump Victory As Presale Rockets Past $350K Ripple Price Prediction for Today, October 30 – XRP Technical Analysis Michael Saylor’s MicroStrategy Announces $42 Billion Plan To Increase Bitcoin Holdings
On this final day of October 2024, the most searched altcoins include two familiar names that have previously appeared on the list. However, a newcomer has surged in popularity today, driven by interest linked to the upcoming U.S. presidential elections. CoinGecko’s list of trending altcoins today includes RabBitcoin (RBTC), Department of Government Efficiency (DOGEETH), and Grass (GRASS). This analysis dives into why these cryptocurrencies are capturing attention and outlines key factors investors should monitor. RabBitcoin (RBTC) Telegram-native RabBitcoin was part of the trending cryptos yesterday. Today, it also joins the list of the most searched altcoins, partly due to the same reason it trended on October 30. However, some crypto analysts also believed that RBTC might be at a good accumulation point. One of those with such sentiment is CryptoTony, who said the planned network launch could be bullish for the altcoin. At press time, RBTC’s price is $0.0000048. While this represents a 27% hike within the last seven days, it also signifies a modest 1.80% 24-hour decrease. On the 1-hour chart, the altcoin keeps wobbling between swing highs and lows, indicating that the price is yet to find a balance. Read more: 10 Alternative Crypto Exchanges After Bybit Exits France RabBitcoin 1-Hour Price Chart. Source: TradingView Department of Government Efficiency (DOGEETH) Next on the list is the Department of Government Efficiency, an altcoin developed in support of Elon Musk’s proposal for such a department if Donald Trump becomes president. DOGEETH is one of the most searched altcoins today for three major reasons. One is the rising odds of Trump becoming the next US president. The others include Elon Musk’s repeated request for the department and its incredible 67% price increase in the last 24 hours. On the daily chart, DOGEETH’s price is $0.41, although it has previously hit $0.078. However, despite the recent drawdown, the altcoin’s value is above the 20 and 50-day Exponential Moving Averages (EMAs). This position indicates that the trend around the meme coin remains bullish. Department of Government Efficiency Daily Analysis. Source: TradingView Should this remain the same, DOGEETH’s price might rebound to $0.078. On the other hand, if profit-taking increases, this prediction might not come to pass. In that instance, the value might decrease to $0.020. Grass (GRASS) DePIN project Grass is on this list for the third time this week, suggesting that the interest in the altcoin has not waned significantly. While the price decreased yesterday, GRASS is one of the most searched altcoins due to an impressive rally. Over the last 24 hours, GRASS’ price has increased by 34% and now trades at $1.09. On the 1-hour chart, the Awesome Oscillator (AO) has continued to climb higher with more green histogram bars. This hike indicates that the momentum around GRASS is bullish. Due to this position, the altcoin’s value is likely to rise to $1.14 or higher in the short term. Read more: 11 Cryptos To Add To Your Portfolio Before Altcoin Season Grass 1-Hour Analysis. Source: TradingView On the other hand, if GRASS falls below the $1.06 support, the prediction might be invalidated. In that case, the altcoin’s price might drop to $1.00.
The Grass price has plunged 17% in the last 24 hours to trade at $0.8184 as of 7:40 a.m. EST on a 27% drop in trading volume to $213 million. Grass Price Major Support Signals A Potential Rebound The GRASS/USD chart on a 30-minute timeframe indicates potential bullish and bearish signals that traders should consider. The current price stands at $0.8196, hovering just above a critical support level at around $0.80. This support has been tested twice, forming a double bottom pattern, which often signals a possible bullish reversal if the price can break above nearby resistance. However, the short-term momentum remains bearish, as the 50 Simple Moving Average (SMA) trends downward and sits above the current price, near $0.90. This level may act as the first significant resistance if a rebound occurs. GRASSUSD Analysis Source: Dextools.io The Moving Average Convergence Divergence (MACD) indicator also reflects a bearish sentiment, with the MACD line below the signal line and both lines in negative territory. However, the histogram shows diminishing red bars, suggesting that bearish pressure may be weakening. Meanwhile, the Relative Strength Index (RSI) trades at 34.19, nearing the oversold threshold of 30. This closeness to oversold conditions could indicate a potential rebound if buyers step in at the support level. If a rebound does occur, the first target to watch would be around the 50 SMA at approximately $0.90, with further upward potential toward $0.9667, the next major resistance level. Conversely, if the price breaks below the $0.80 support, this could open the door to further downside movement. While the setup currently shows bearish momentum, the double bottom, along with the RSI’s oversold signal, suggests a potential reversal, warranting close attention to any bullish signals from the MACD or RSI. Pepe Unchained Storms Toward $25 Million: Next Crypto To Explode? Investors are flocking to buy the new Layer 2 meme coin Pepe Unchained ($PEPU) , which has just surged past $23.5 million in funds raised in its presale, one of the biggest of the year. According to the Bitcoin & Altcoins Price Analysis YouTube channel, PEPU could deliver 1000x gains after it launches. PEPU comes with its own Layer 2 blockchain in order to free the OG PEPE from Ethereum’s slower, more costly network. PEPU’s new blockchain promises transactions up to 100 times faster than Ethereum, with much lower gas fees. Because it’s fully compatible with Ethereum’s apps, PEPU users can still enjoy the benefits of Ethereum’s ecosystem but with greater speed. PEPU’s blockchain isn’t just for itself. It is open to other meme coins, creating a scalable platform that could take the fun side of crypto to a whole new level. In addition, there’s also a developer grant program called “Frens with Benefits” to attract developers who want to build on the Pepe Chain. Moreover, PEPU holders have the option to stake tokens and earn a huge 100% annual return. Right now, PEPU is priced at $0.01189 and can be bought using ETH, USDT, BNB, or even a bank card. The price will increase in less than 14 hours, so interested investors should buy soon for the best deal. Buy PEPU tokens on the official website here. Related Articles Pepe Price Prediction: PEPE Pumps 16% To Reclaim $4 Billion Market Cap As Experts Say This PEPE 2.0 Might Be The Best Crypto To Buy Now MEMEBET Token Fires Up Crypto Casino Space With Meme Coin Bets – Unveils $10,000 Airdrop Giveaway Bitcoin Blasts Past $71K Amid Surging ETF Inflows As Bitfinex Sees ‘Perfect Storm’ Powering BTC To New All-Time High
GRASS token surged 28.46% this week, signaling strong bullish momentum ahead. Key support at $0.87 and resistance at $1.05 guide potential price movements. Despite volume drop, open interest surged 57.85%, indicating trader engagement. The GRASS token has attracted investor attention with an impressive surge of 28.46% this week. The price has climbed from approximately $0.87 to $1.05, demonstrating significant bullish momentum. Over the last day alone, the token has jumped 21.35% , indicating strong market interest. As investors analyze the current price trends, many are asking whether this rally can continue in the coming days. The current support level for GRASS is around $0.87. This point was a recent low before the token’s upward trajectory began. If the price falls, this level will be an essential barrier where buyers may re-enter the market. In addition, a notable resistance level has formed at approximately $1.05. Here, the price movement seems to be slowing down, suggesting that sellers may be stepping in. A breakout above this resistance could lead to further upward momentum for the token. Source: Coinmarketcap If GRASS moves convincingly past the $1.05 mark, the next target will likely be $1.10. This level is significant because it aligns with psychological trading thresholds. However, if the token falls, the $0.95 level may act as strong support, providing support for the ongoing uptrend. Analyzing Derivatives Data As per Coinglass data , despite the impressive price increase, the derivatives market has shown mixed signals. Total trading volume has dropped 24.01% to $301.79 million. However, this decline has happened alongside a notable surge in open interest, which has skyrocketed 57.85% to $43.32 million. This increase suggests that traders are becoming more engaged, making bets on future price movements. In terms of long/short ratios, Binance’s GRASS/USDT accounts have a ratio of 1.0247. Meanwhile, OKX’s GRASS ratio is at 0.6. Looking at liquidations reveals interesting trends across different timeframes. Over 24 hours, liquidations have totaled $839.76K. Of this amount, $306.55K has been from long positions, while $533.21K has been from shorts. Related: Why High Initial Token Circulation Is the Future of Tokenomics Related: Crypto Roundup: Memecoin Mania, Ethereum Accumulation, Bitcoin’s Surge Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Grass (GRASS) trading bot is live. Try it now to win up to 2000 USDT in bot position vouchers and get a share of 10,000 GRASS and 20,000 USDT! Promotion period: October 30, 2024, 7:00 PM – November 3, 2024, 7:00 PM (UTC+8) Register now Activity 1: New trading bot user promotion New trading bot users who make their first bot trade with any coin or bot type and run the bot for at least 24 hours during the promotion will receive up to 2000 USDT in bot position vouchers. Additionally, participants will share a 20,000 USDT promotion pool based on their investment. Larger investments yield greater benefits, and bounties will be calculated based on the total investment across all bots. Bot investment (USDT) Bot position voucher Bounty < 50 30 USDT / 50 – 500 100 USDT / 500 – 2000 500 USDT A share of 2000 USDT 2000 – 5000 1000 USDT A share of 6000 USDT > 5000 2000 USDT A share of 12,000 USDT Activity 2: Create GRASS bots and grab a share of 10,000 GRASS! During the promotion, both new and existing users who trade any GRASS spot or futures bot can grab a share of 10,000 GRASS based on their trading volume. Total bot investment (USDT) Bounty (GRASS) < 500 500 500 – 2000 1500 2000 – 5000 3000 > 5000 5000 💰 Create a bot to grab a share of the rewards >> Note: 1. Users must register for the promotion with their main accounts. 2. Users must make at least one bot trade during the promotion to receive rewards. Trading volume generated by position vouchers will not be included in the calculation. 3. Rewards will be distributed within seven working days after the promotion ends. 4. If a user participates in multiple new bot user promotions with bot position vouchers as rewards, they will only receive rewards from one promotion. 5. Bots generally yield higher returns the longer they run. It's advisable to maintain positions to maximize profits. 6. Bitget reserves the right of final interpretation of the terms and conditions, including but not limited to amending, changing, or canceling the promotion without prior notice. Contact us if you have any questions. Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users should conduct their own research and invest at their own discretion. Bitget shall not be liable for any investment losses. Join Bitget, the World's Leading Crypto Exchange and Web 3 Company Sign up on Bitget now >>> Follow us on Twitter >>> Join our Community >>>
Bitget market data, today's top 5 trending assets are XUSDT, DOGE, GRASS, BGB, DOGS. Specifically: XUSDT has increased by 109.52% in the last 24 hours and is currently priced at $0.00005548; DOGE has increased by 6.01% in the last 24 hours and is currently priced at $0.17520; GRASS has increased by 7.44% in the last 24 hours and is currently priced at $0.9210; BGB has decreased slightly by -0.01% in the last 24 hours and is currently priced at $1.1782; DOGS have fallen by -0.63% in the last 24 hours and are now valued at $0.0006280.
Grass is the flagship product of Wynd Network, which allows users to profit through internet connections by selling unused network resources. For individuals, it will appear as a network extension, downloaded, retained, and forgotten. It will do the work behind the scenes, helping others obtain public network data in exchange for payment of protocol native tokens. On October 30th, Grass demonstrated its Real-Time Contextual Retrieval (LCR) engine on X, which helps AI models gain unique advantages by accessing real-time, unbiased network data. The powerful function of the LCR engine makes AI models more competitive in information acquisition and real-time decision-making.
According to the popularity index ranking data from the Web3 asset data platform RootData, as of 10:00 on October 30th, the top five projects in the Top 100 popular Web3 projects are: Grass, DAWN, Gradient Network, Aleo, and Functor Network. In addition, Comet Protocol has seen the largest rise in rankings with an overall increase of 900 places. It is reported that RootData has launched its first "Web3 Popular Project Ranking". This popularity ranking uses real user behavior data from 4.3 million instances to help users capture real attention pulses and improve their investment decision accuracy. The rankings are calculated in real time based on factors such as search frequency by platform users, project click volume, user voting as well as heat and influence of X platform.
The number of addresses that have claimed the GRASS token airdrop has jumped to nearly 1.5 million, according to Dune Analytics. That would make it the largest token airdrop to date on Solana — at least by the number of addresses that now hold tokens. When the token first dropped on Monday, it contributed to an outage of Solana’s largest wallet, Phantom. Upwards of 2.8 million wallets are eligible to receive GRASS tokens — the newly launched governance token for the Solana-based DePin project — because they connected on time. However, around 5 million addresses will ultimately get other opportunities to claim tokens, Andrej Radonjic, CEO of Wynd Labs, a core contributor to Grass, told The Block. The previous record for the largest Solana airdrop fell to Jupiter, a much-used decentralized exchange, with 639,000 claimants. That said, users can have multiple blockchain addresses and wallets — so it should not be assumed GRASS is the most widely distributed token in terms of number of holders. It is rare for the number of addresses eligible to receive an airdrop to exceed one million, according to The Block Research . What is Grass? GRASS is a viral crypto project that scrapes and validates data to train artificial intelligence bots. Millions of users have reportedly downloaded the browser extension and mobile app that collects and cleans website data. Users are rewarded with GRASS tokens. “Historically, your bandwidth has been stolen from you by companies that pay developers to sneak software into your free apps. They then turn around and allow F500's and AI companies to use your device to scrape valuable web data,” Radonjic said. “Today marks the first time ever that users are receiving network ownership for sharing their bandwidth. This bucks a 20+ year trend in an industry that has been reliant on extractive incentive structures,” he added. The token will also be used to stake on the protocol to facilitate “web traffic flowing through the network” and pay for bandwidth. In Epoch 1 of the GRASS airdrop “season,” the protocol issued 100 million GRASS (10% of total supply) to early node runners and community members. The majority of those tokens, 9%, went to people who earned more than 500 Grass Points using the network. Data from CryptoRank shows that GRASS’s Linear Unlock process will continue until 2028. Between now and Oct. 28, 2025, 0.01% of the total supply, equivalent to 146,200 GRASS, will be unlocked daily, potentially exerting long-term selling pressure on GRASS’s price. GRASS is currently trading at just under $1, giving the token a fully diluted valuation near $1 billion. Complaints Not everyone has been impressed by the airdrop. Many industry participants have said Wynd made the airdrop too easy to farm, meaning that many of the tokens went to people running massive bot operations. Several prominent users reported receiving a couple hundred bucks from the airdrop. Others have complained that the use case — Grass using your bandwidth through their extension — is akin to malware. Addressing that particular criticism, Radonjic said it "has gone through a stringent certification process with AppEsteem, a leading cybersecurity firm that ensures that Grass operates ethically." "It is very easy to join the network, and this is an intended feature. In order to build an internet scale web crawl that is owned by millions of users around the world, there needs to be a frictionless onboarding process," he said “Because the network relies on IP addresses and device fingerprints, it has the best sybil filtering (ie more real users than any other protocol on Solana).”
GRASS is up 38.5 per cent in 24 hours and is now trading at $1.07, according to Bitget data.
GRASS has broken through 1.1 US dollars in a short period of time and is currently trading at 1.0512 US dollars, with a 24-hour increase of over 60%. The market is volatile, so please be prepared for risk control.
Bitget market data, today's top 5 trending assets are X, CROS, BGB, GRASS, DOGS. Among them: GRASS opened with a surge of 1705%, currently priced at $0.9029; X has increased by -6.07% in the last 24 hours, currently priced at $0.00005352; CROS has increased by -12.1% in the last 24 hours, currently priced at $0.0943; BGB has increased by 0.44% in the last 24 hours, currently priced at $1.1738; DOGS has increased by 3.1% in the last 24 hours, currently priced at $3.05.
The Grass price has surged 8% in the last 24 hours to trade at $0.8491 as of 12:25 a.m. EST on trading volume that pumped 125% to $209 million. The jump in the GRASS price comes despite technical issues during the Grass network’s airdrop on Solana, which left many Phantom wallet users unable to access their tokens. This airdrop, intended to reward early supporters with 10% of the total supply (100 million GRASS), was marred by operational setbacks, leading to criticism and casting doubt on the project’s preparedness. This mishap, coupled with weak market performance and high selling pressure, led to disappointment and raised concerns about Grass’s readiness. These challenges underscore the need for robust airdrop infrastructure, an issue seen in other recent launches like Hamster Kombat (HMSTR). Grass Price Signals A Breakout Above The Symmetrical Triangle The 15-minute chart for the GRASS/USD pair displays a symmetrical triangle pattern, suggesting that the price is consolidating and might soon experience a breakout. This pattern often indicates an impending move in the direction of the breakout, which could be either upward or downward. In this case, the upward blue arrows suggest a potential bullish breakout if the price moves above the triangle’s upper trendline. The price is currently at 0.8555, and the chart shows a parabolic curve that led up to the formation of the symmetrical triangle. This parabolic curve indicates strong bullish momentum, which could increase prices if a breakout occurs. GRASSUSD Analysis Source: Dextools.io The chart also includes two moving averages, providing insight into support levels. The 50-period moving average (blue line) is currently around 0.778, which is below the price and indicates short-term support. The 200-period moving average, while not visible within the immediate price range, would serve as a significant support or resistance level over a longer period if the price approaches it. Grass Price Technicals Signal A Further Upside Looking at the MACD (Moving Average Convergence Divergence), the MACD line (blue) is slightly above the signal line (orange) with a value near zero, hinting at mild bullish momentum. If the MACD line crosses above the zero line, this could confirm increased buying pressure and signal a stronger upward move. The RSI (Relative Strength Index) currently sits at 56.81, comfortably below the overbought level of 70. This suggests that the bulls can drive the Grass price up before hitting overbought conditions, supporting the possibility of a bullish breakout. Given the supportive moving averages, a favorable RSI, and the symmetrical triangle pattern, the setup indicates the potential for a bullish breakout. For confirmation, watch for an increase in trading volume alongside the MACD line moving further above the signal line. If a breakout occurs, the price could climb further, potentially targeting levels above $0.90. Flockerz Presale Blasts Past $1.1 Million: The Next Crypto To Explode? As the Grass price looks to keep its bullish momentum alive, meme coin rival Flockerz (FLOCK) has just blasted past $1.1 million in funds raised in its presale. According to analyst and YouTuber Crypto Zeus, with over 79K subscribers, $FLOCK “could be huge.” Flockerz aims to bring true decentralization to the meme coin world by incentivizing token holders to participate in its development. Put simply, that means that investors in the project will be rewarded with FLOCK tokens simply for voting on its key decisions. At the project’s core is Flocktopia, a decentralized autonomous organization, or DAO, where every holder’s opinion carries weight. Unlike traditional governance models that are often found in the chaotic meme coin space, Flockerz ensures collective decision-making via its vote-to-earn system. In this way, Flockerz addresses the common challenge of voter apathy in meme coin oversight. Token holders can also benefit from staking FLOCK tokens, with the annual yield currently standing at an eye-popping 1,499%. $FLOCK tokens are priced at $0.0058862 each and can be bought with $ETH, $USDT, $BNB, or credit card. Buy before a price hike in about 48 hours to secure the best deal. Buy FLOCK tokens on the official website here. Related Articles New Meme Coin Flockerz Blasts Past $700K In Presale As ‘Uptober’ Ignites New Cryptocurrency Releases, Listings, & Presales Today – Evervalue Coin, Gilo, Flockerz First Vote-To-Earn (V2E) Meme Coin Flockerz Hurtles Past $600K In Presale, Offers 2,959% Staking APY
According to Dune data, currently 57.99% of GRASS tokens have been claimed, totaling approximately 45.39 million GRASS tokens. The number of airdrop claim addresses has reached about 710,000.
currently 57.99% of GRASS tokens have been claimed, totaling approximately 45.39 million tokens. The number of addresses that have claimed the airdrop is about 710,000.
Solana’s popular multi-chain Web3 wallet, Phantom, has unexpectedly crashed, causing disruptions for users due to a major backend incident. According to a statement from SolanaFloor, the wallet experienced a significant outage, leading to incorrect account balances and service interruptions during the ongoing GRASS token airdrop. In a status update, Phantom confirmed that it was dealing with an “outage event” that had been ongoing for over an hour. The incident primarily affected users' ability to view accurate balances, but both the browser extension and mobile app remain functional. Phantom reassured users that their funds were safe and provided instructions for continuing transactions if necessary. Related News BREAKING: Binance Futures Platform Experiencing Access Issues - Follow the Details Here “We are currently experiencing an outage and some services may be temporarily disrupted. If you need to take urgent action, please ignore the simulation errors and try using a dapp. We appreciate your patience while we work to resolve the issue,” the developers wrote. The timing of the outage coincided with the highly anticipated GRASS token airdrop, which distributed 10% of the total token supply. The incident led many users to report issues accessing their correct account balances, raising concerns about airdrop claims. As of the last update, Phantom’s status page reported a “major issue” and stated that the team was actively working to resolve the ongoing situation. While the company reiterated that funds were safe, users expressed their disappointment on social media due to the incident occurring during a critical airdrop window. *This is not investment advice.
According to TechFlow, on October 28, according to SolanaFloor monitoring, due to the ongoing Grass token airdrop, the Solana network maintained 100% uptime, which was the airdrop with the highest user participation in Solana's history.
According to Bitget market data, today's top 5 tokens in terms of increase are GRASS, SANTOS, SERSH, AURORA, GME. Specifically: GRASS has increased by 1536.00% in the last 24 hours and is currently priced at $0.8180; SANTOS has increased by 69.97% in the last 24 hours and is currently priced at $5.5074; SERSH has increased by 37.73% in the last 24 hours and is currently priced at $0.1785; AURORA has increased by 32.62% in the last 24 hours and is currently priced at $0.14078; GME has increased by 28.49% in the last 24 hours and is currently priced at $0.00469.
Phantom Wallet, a popular digital wallet on the Solana network briefly experienced downtime as the Grass token airdrop is happening. A few hours ago, Phantom announced via their official X account that they were experiencing an “uptime incident,” leading to some services being temporarily suspended. Source: X The Grass token is linked to a Solana-based AI data layer called Grass Network, with 2 million active users set to receive tokens. After the airdrop began, many users tried to claim their tokens at the same time, which caused Phantom’s systems to crash. The wallet has been down for about 2 hours and 44 minutes according to Phantom’s official status page , which flagged the situation as a “major incident.” At the time, users faced issues such as inaccurate account balances and difficulties executing urgent transactions. To assist users during the outage, Phantom advised ignoring any simulation errors and suggested using a decentralized app (dApp) instead to avoid disruptions. Fortunately, Phantom said it has resolved the issues , and all services are now functioning normally. The platform also promised that its “team will continue to actively monitor the situation”. Follow The Crypto Times on Google News to Stay Updated!
This is a segment from the Lightspeed newsletter. To read full editions, subscribe . The decentralized AI training network Grass went live with its airdrop this morning, and the GRASS token distribution brought Solana wallets to heel. Grass’ creators claim to be carrying out one of the most widely-distributed airdrops in history, and the token has been heavily farmed because participating required no financial stake from users. The popular Solana wallet Phantom saw its backend go down six minutes after the GRASS airdrop went live, and Backpack CEO alluded to difficulty with the wallet stemming from the claim. Solflare CEO Vidor Gencel said the wallet saw “minor degradation and automatically scaled up.” “We’re currently aware of some issues affecting users on Jup.ag, when using 3rd party wallets,” the popular Solana swap platform Jupiter wrote on X. Newsletter Subscribe to Lightspeed Newsletter Subscribe At first glance, Phantom and others’ struggles might seem related to the RPC protocols that allow crypto programs to interact. But at least two Solana’s RPCs seemed to weather the storm. Mert Mumtaz, CEO of the popular Solana RPC platform Helius, said the company’s RPCs are “fine,” and Phantom’s downtime appeared to be stemming from elsewhere. Brian Long, co-founder of Solana RPC service Triton One, told me its RPCs “took a hit during the event and recovered quickly thereafter.” Grass — the token and the network — live on Solana. The Solana network itself did not appear to experience degraded performance during the airdrop. SOL itself still fell slightly on the airdrop news, from $177 to $175. Users had trouble claiming the GRASS airdrop at first as wallet providers struggled to keep up with the surge in usage. Markets on centralized exchanges responded well to this fact, sending the token price up to $1.00 on KuCoin before dropping precipitously throughout the morning. With 100 million tokens being distributed, the airdrop still amounted to tens of millions of dollars-worth in new tokens. GRASS is meant to power the Grass network, which is being developed by Wynd Labs. Grass rewards users for sharing their unused internet bandwidth, which the protocol uses to scrape web data. Large datasets of this kind are useful for developing AI models, which are trained on data scraped from the web. Wynd’s leaders argue that Grass’ network accumulates better data than large-scale web scrapers, which may be blocked or run into falsified data. Wynd Labs raised $3.5 million in seed funding led by Polychain and Tribe Capital in December 2023. Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter . Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter . Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more. The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus. Tags airdrop Lightspeed Newsletter Solana
Delivery scenarios