Infinite Money Factory price

Written by: Cookies, Rhythm From early June to early July this year, $IMF has risen nearly 70x as a MemeFi project on the Ethereum mainnet. While $IMF gradually pulled back 50% after hitting an all-time high of $70 million in market capitalization, yesterday a huge drop that peaked at nearly 85% sent shockwaves through the market. $IMF's drop shocked Zhu Su What exactly happened to $IMF to see such a huge drop? What is the IMF? IMF (International Meme Fund) is a decentralized finance platform tailored for mainnet memes, allowing users to lend stablecoin $USDS with their $PEPE, $JOE, $MOG, and other meme coins as collateral and monetize them without selling. At the same time, through modules such as Accelerate and Amplify, project parties or whales can also add leverage pulls, circular lending and protection, and even create the illusion of "lock-up", which actually realizes early shipments and shadow fund management. Through the IMF, you can realize the circular lending of meme coins and achieve "left foot on right foot", such as: · Buy $10,000 PEPE · Deposit PEPE into the IMF and lend a $5000 USDS loan · Swap USDS for PEPE · Deposit the remaining $5000 in PEPE to reduce the loan-to-value ratio (LTV) At present, the IMF's TVL is still about $166.5 million, with a total of about $54 million in $USDS deposits, about $29.22 million in $PEPE, about $20.58 million in $stETH, about $44.4 million in $MOG, about $5.88 million in $JOE, about $4.94 million in $SPX, and about $7.5 million in $IMF as collateral. Why did $IMF plummet? According to the IMF's official tweet, the sudden plunge of $IMF was not due to problems with the protocol itself, but because the $IMF token itself suffered a sell-off, and the more panic selling caused by the sell-off and the series of liquidations led to a sharp drop in $IMF's price. The official also said in a tweet that due to the speed and frequency of liquidation, some bad debts (about 1% of USDS deposited) have accumulated. This is less than the total yield generated by the lender, so there is no net loss. In addition, issues in the $IMF lending market do not affect other borrowing pairs on the platform. @2025Spider tweeted that his friend sold $100,000 worth of $IMF for 1.02U, triggering a series of liquidations. He said his friend had no intention of sabotaging the IMF project and said that the project team should close the IMF lending position, otherwise USDS would be at great risk. He also said that the team's oracles are slow to update, and when most IMF/USDT positions are insolvent, oracles still don't update to the latest prices in time. Regarding the IMF's opening of collateral lending for its own platform currency $IMF, both @2025Spider and the Chinese KOL "Professor Suo said" have raised questions: Someone asked him under @2025Spider's tweet, "Is the IMF a scam"? @2025Spider said that the team members are good, but they should not open up $IMF collateral lending, otherwise there is reason to think that they want to sell their own tokens in disguise to cash out like the CRV founders. He also said that the amount of loans issued to $IMF exceeds the $IMF UniSwap pool itself, which should not be done from a risk control perspective "Professor Suo said" is through on-chain records, more directly questioning the IMF team's own collateral to trigger FOMO and then sell tokens to cash out: The IMF official Twitter released a detailed report on the series of liquidations this afternoon. A total of 260 liquidations involving 126 independent borrowers accounted for 15.47% of the total $IMF supply being liquidated. epilogue After the incident, $IMF rebounded nearly 4 times from its lowest point and is still nearly 3 times the price from its lowest point, with its market value rising to nearly $21 million. However, the controversy that accompanies $IMF may not end. On July 24, @alex_eph612, a major player in the well-known meme coin $APU on Ethereum, fired at the IMF. He said that the IMF was initiated by the cabal of $PEPE, $MOG and Milady, and its business model is actually to ask other organic meme coin communities for free tokens in exchange for short-term buying that the IMF can bring, and then the cabal sells them with the tokens: The IMF quickly hit back, claiming that no bribes were being solicited and that the criteria for listing lending pairs were public and voted on by $IMF holders: Ethereum's "meme flywheel" may still have to endure storms.

Selected news 1. Coinbase plans to add tokenized stocks, prediction markets, and early-stage token sales services to create an "all-in-one trading platform" 2. The US SEC launched the Project Crypto program to promote the on-chain of financial markets 3. Bitmine, Sharplink Gaming, and The Ether Machine all hold more ETH than the Ethereum Foundation 4.9Moonit, launched in collaboration with GAG, Memeland, and others launched the Meme Currency Market 5. Stable completed a $28 million seed round of financing, co-led by Bitfinex and Hack VC Project progress MEET48, a company dedicated to building a new Web3.0 entertainment ecosystem, announced today that its inaugural Web3.0 Global Idol Annual Popularity Finals (WIPA) hosted by it has accumulated over 48.25 million IDOL, accounting for 1.01% of the total token supply, during the one-week countdown phase. Officials expect that the total IDOL consumption will exceed 2% before voting closes at 04:00 UTC on August 2 and the final results are announced at the AsiaWorld-Expo Arena in Hong Kong, setting an unprecedented foundation for participation in this groundbreaking event. As the world's first project to deeply integrate blockchain mechanisms with idol selection, WIPA brings together popular members from SNH48 GROUP and AI-Agent virtual idol groups launched by MEET48. The finals will select the TOP16 idols, who will not only receive resources such as digital single and MV production, global advertising exposure, overseas tours, and handshake events, but will also be the first to conduct cross-dimensional linkage with AI virtual idols to create a new narrative for Web3 entertainment. Since MEET48 officially launched the TGE of IDOL tokens on June 11 and completed its launch on platforms such as Binance Alpha, Bitget, Gate, MEXC, and PancakeSwap, a series of warm-up activities around WIPA have quickly attracted the attention of fans around the world. At the same time, the on-chain performance confirms this phenomenal popularity. According to data from DappRadar, IDOL's trading volume in the past 24 hours reached $27 million, while the MEET48 event Dapp has had 34,000 on-chain unique wallet interactions in the past 7 days, with 29,520 active user wallets, showing extremely high user stickiness and ecological activity. Previously, MEET48 also received support from many institutions and individuals such as YZi Labs, Fosun Group co-founder Liang Xinjun, HashKey Capital, Hash Global, Animoca, etc., and the BNB Chain Foundation announced the purchase of $25,000 worth of IDOL tokens, adding stronger market confidence to the project. As the final approaches, fans' enthusiasm for voting continues to rise. The final ranking will not only directly determine the business resources and exposure of idols, but also provide a verifiable on-chain fan economy paradigm for the Web3.0 entertainment industry. On August 2, idols and virtual players from all over Asia will appear on the same stage in Hong Kong, and artists such as Super Junior-D&E, Sandara Park, MIYAVI and SNH48's Yuan Yiqi and Xu Jiaqi will also be present to help, with Wu Zongxian as the live host. WIPA is not only a selection competition, but also a landmark event in the integration of blockchain and the entertainment industry, which will witness a milestone moment in the Web3 entertainment fan economy with a closed-loop mechanism of on-chain voting, global participation, and real-world idol resource cashing. Articles & Threads 1. "When Christie's can buy a house with cryptocurrency, a new milestone in the RWA track" "Buy land, they don't make land anymore." This is a slogan that was mistaken for Mark Twain in the 20th century and is frequently used in the field of real estate sales. Gravity has strongly endorsed this sentence, if humans cannot travel interstellar, land will be "unable to be issued" like Bitcoin. In 2025, the crypto wave will spread from Silicon Valley to Wall Street and finally affect Washington, and as compliance progresses, it will also quietly change the basic structure of the real estate industry. In early July, Christie's International Real Estate officially established a dedicated department for crypto real estate transactions, becoming the world's first mainstream luxury real estate brokerage brand to support the whole process of "pure digital currency payment for home purchases" in the name of the enterprise. And this is just the beginning, from Silicon Valley entrepreneurs to Dubai developers, from Beverly Hills mansions in Los Angeles to rental apartments in Spain, a number of real estate trading platforms with blockchain technology and digital assets as the core are emerging, forming an emerging "Crypto Real Estate" track. 2. "The 70-fold god market collapsed, can the meme DeFi IMF come back?" 》 From early June to early July this year, $IMF has risen nearly 70x as a MemeFi project on the Ethereum mainnet. While $IMF gradually pulled back 50% after hitting an all-time high of $70 million in market capitalization, yesterday a huge drop that peaked at nearly 85% sent shockwaves through the market. What exactly happened to $IMF to see such a huge drop? Market data The overall funding popularity of the market (reflected in the funding rate) and token unlocking on a daily basis Data source: Coinglass, TokenUnlocks Funding Rate Token unlocking