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Crypto Chaos: From Burning Blunders to Memecoin Madness πŸš€πŸ’₯

Marathon's mining mega-deal, Cardano's stablecoin splash, and a Solana memecoin mishap lead a tumultuous weekend in crypto, teeming with investment highs and cautionary tales + earn free coins with our Alpha Offerings

The crypto world chirped over the weekend with a mix of big investments, project launches, and a few ruffled feathers for our canary friend. While Marathon Digital soared with their $87.3 million acquisition for a new Bitcoin mining facility, Cardano aimed for stability by launching the USDM stablecoin, a potential rival to Tether's dominance.

However, not all ventures took flight. A careless click by a Solana memecoin founder accidentally incinerated $10 million in pre-sale tokens, leaving investors squawking in dismay. Meanwhile, Arbitrum witnessed a mass exodus as major holders cashed out a whopping $58 million after a token unlock event.

Elsewhere, Solana once again became a hotspot for memecoin presales, with over $100 million flooding in just 72 hours. This FOMO surge has some experts worried about potential scams lurking in these unregulated offerings. As always, Canary advises crypto enthusiasts to carefully research projects before investing!

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