Gate News: Latest Crypto News and Cryptocurrency Prices

02:16

HEGIC (Hegic) has pumped 28.11% in the last 24 hours.

Gate News Bot news, August 19, according to CoinMarketCap, as of the time of publication, HEGIC is currently priced at $0.07, having risen 28.11% in the last 24 hours, with a high of $0.07 and a low of $0.04. The current market capitalization is approximately $46.7 million, an increase of $1.03 million compared to yesterday. Hegic is a peer-to-pool options trading protocol running on Arbitrum, focused on simplifying complex financial instruments to help ordinary people achieve greater returns while paying less in fees. The protocol has served options traders for over 3.5 years since February 2020, with a cumulative options trading volume exceeding $1.5 billion and over 20,000 options contracts traded on Hegic. Hegic offers a variety of options products, including call and put options, supporting one-click options trading without the need for additional steps.

19:08

James Park, a law professor at the University of California, Los Angeles who studies securities regulation, said that Hegic, a cryptocurrency derivatives trading platform, has recently made millions of dollars through its own trading, buying tokens issued by affiliated projects, which may not only be a shrewd trade, but also a dangerous one, which may be subject to insider trading investigations by the SEC.

04:59

According to X user Spreek, Hegic deployers purchased about 16% of the WHITE supply at a low price (20-40 times lower than the redemption value) 2 months before the project was announced.

06:36

According to Spot On Chain monitoring, the largest holder address of WHITE (starting with 0x117) received 21,625 ETH (currently worth $44.3 million) from the Hegic: Development Fund address on October 8. Whiteheart (WHITE) is an on-chain hedging protocol based on Hegic. Therefore, it is likely that the whale address belongs to the development team. Previously, according to Spot On Chain monitoring, at the beginning of the 0x117, the whale address exchanged 1,171 ETH (about $2.4 million) for 2,900 WHITE, causing the token price to soar by 764.78%. The whale is now the largest holder of WHITE.

ETH-7.81%

05:28

According to Spot on Chain data monitoring, the whale 0x117 has just exchanged 1,171 ETH (about $2.4 million) for 2,900 WHITE, resulting in a price increase of 764.78%, and now, the whale is the largest holder of WHITE. The whale received 21,62 ETH ($44.3 million) from the Hegic: Development Fund on October 8, 2023. Whiteheart (WHITE) is an on-chain hedging protocol based on Hegic. So the whale most likely belongs to the development team.

ETH-7.81%

HEGIC (Hegic) has pumped 28.11% in the last 24 hours.

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