Big Eyes Coin raised over $7 million in pre-sale amid hacks of Solana DeFi trading platform and BNB smart chain.

The pre-sale game for some crypto projects is going better than the rest of the pack. While the entire market is going through a crisis, a rising star is trying to save the industry with his kindness and not your standard value proposition. Big Eyes Coin has actually done very well over the past two months, and at the time of writing has just completed its fourth pre-sale phase with over $7 million in the bank.

The last time a project got this much buzz was when Avalanche dropped its token and ended its pre-sale season with over $42 million in its pocket. So it is clear that there is more room for Big Eyes Coin to grow. In today’s editorial, we’ll see if it can count for even more greatness amid growing industry security concerns with hacks hitting the Solana DeFi trading platform and the BNB Smart Chain. .

Big eyes: Certified cuteness with a touch of DeFi

Despite being the new kid on the block, Big Eyes Coin has gained a massive fan base among crypto enthusiasts and people in general. One of the reasons this project resonated so much was its unique design that goes completely against the established aesthetic narrative. Most market projects are actually dog-themed or monkey-inspired, but Big Eyes Coin offers a cute anime cat character that the crypto crew can’t get enough of.

However, the project’s unique value proposition in its DeFi services is the icing on the cake that is likely to attract most early stage investors. Unlike most DeFi projects, Big Eyes Coin has no fees for trading, exchanging and sending tokens within its native DeFi platform. In light of that, if you’re a decentralized financial evangelist looking to up your trading game, this project might be what you’ve been looking for.

Solana’s DeFi was hit by a $100 million hack

Earlier this week, Mango Markets was drained of $100 million in funds due to an external exploit. According to the official Twitter account, a hacker was able to drain money from Mango via oracle rate manipulation on Tuesday evening. Mango Markets is a Solana-based platform for trading digital assets on the Solana blockchain managed by the Mango DAO.

Although Mango Markets offered the attacker the chance to collect a lot of bugs in exchange for returning the stolen funds, the chances of this happening are slim. We will continue to monitor the situation, but in the meantime we suggest you always keep your crypto in a cold wallet to avoid enchantment.

BNB Smart Chain lost over $570 million in an external exploit

There was another major hack among the major blockchain networks this week as the world’s largest crypto exchange by trading volume was hit by an external exploit. Hackers drained 2 million BNB, the native Binance network token, out of thin air due to a vulnerability that resulted in an estimated $570 million hack. As a result, the price of BNB fell slightly on Friday after Thursday night’s hack.

On the plus side, the entire blockchain didn’t collapse (although it came very close) as the problem was contained and resolved almost instantly when disabled with the validators working together quickly. Furthermore, BNB holders also did not lose $570 million collectively, as the media headlines may have been confusing. In fact, the hacker was only able to phish $107 million, while the rest was frozen thanks to the quick response of network validators.

What to do with it

While hacking is an alarming concern for everyone in the crypto industry, all we can do is carefully move our crypto assets every time we interact with on-chain protocols. In the meantime, if big sweet eyes have caught your eye, we suggest you try promo code BIG8419 for a chance to win some free tokens. Good deal!

Big Eyes Coin (BIG)

Recent articles by Germain (see everything)

Leave a Comment