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Crypto Shakeup: Dogecoin Faces 51% Attack Threat, Story Protocol Co-Founder Exits, ETH Whale Awakens $1.5M

Crypto Shakeup: Dogecoin Faces 51% Attack Threat, Story Protocol Co-Founder Exits, ETH Whale Awakens $1.5M

In the fast-paced world of crypto, there's never a dull moment. Today's highlights from Laura Shin's Unchained Daily newsletter—shared via her tweet—bring some intriguing developments that could impact meme tokens and the broader blockchain ecosystem. Let's break it down in simple terms, especially if you're new to some of these concepts.

Story Protocol Co-Founder Bows Out After Just Six Months

First up, a surprise exit at Story Protocol. Co-founder Jason Zhao is stepping away from his full-time role to chase a new venture in AI, just half a year after the project's launch and the genesis of its $IP token. Story Protocol is all about turning intellectual property (IP) into tokenized assets on the blockchain, making it easier for creators to own, share, and monetize things like stories, characters, or even memes.

Illustration of a figure passing a 'Story' coin to a ghost with the text 'Time to pass the torch'

Why does this matter for meme tokens? Memes often revolve around viral images or ideas that could benefit from IP protection. Think about how Dogecoin or Shiba Inu leverage iconic dog memes—Story Protocol aims to give creators tools to safeguard and profit from such content. Zhao's departure raises questions about the project's direction, but he's staying on as an advisor, and with strong VC backing, it might weather the storm. For more details, check out this CoinDesk report.

Dogecoin Could Be Next for a 51% Attack—What Does That Mean?

Shifting gears to everyone's favorite meme coin, Dogecoin (DOGE). The newsletter flags a potential 51% attack on the horizon. A 51% attack happens when a single entity controls more than half of a blockchain's mining power, allowing them to manipulate transactions—like double-spending coins or halting the network.

In this case, the threat comes from Qubic, an AI-focused blockchain that recently pulled off a 51% attack on Monero (a privacy coin). Now, Qubic's community has voted to target Dogecoin next. This isn't just theoretical; it could shake confidence in DOGE, which started as a joke but has become a multi-billion-dollar asset. Meme token holders, take note: while Dogecoin's large community and hash rate offer some protection, vulnerabilities like this highlight why security is crucial in the meme space. Dive deeper into the story via Cointelegraph.

Early Ethereum Investor Cashes In After a Decade-Long Snooze

Finally, a blast from the past: An early Ethereum investor reactivated a wallet dormant for over 10 years, moving 334.7 ETH worth about $1.5 million. Back in 2014, during Ethereum's initial coin offering (ICO), this whale snagged those coins for just $104—a staggering 14,269x return!

Moves like this often spark speculation. Is it profit-taking amid market dips? Or just securing funds in a new wallet? For meme token fans, it's a reminder of crypto's wild potential—many meme coins dream of such longevity and gains. Ethereum's ecosystem underpins tons of meme projects on layers like Base or Solana, so whale activity can influence market sentiment. Read the full scoop on The Crypto Basic.

These stories underscore the volatile, innovative nature of crypto. Whether you're trading meme tokens or building on blockchain, staying updated is key. If you're into meme insights, subscribe to Unchained for more, and keep an eye on how these events unfold. What do you think—will Dogecoin dodge the attack? Drop your thoughts below!

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