PANews reported on October 22nd that crypto influencer AB Kuai.Dong revealed that the BNB-based Pokémon platform was suspected of absconding. Tonight, a Pokémon card platform called GachaDrop, a competitor to Solana's Cards, launched and released its tokens. Because the website offered card draws and purchases, it was initially considered a legitimate project by the community. However, one hour after the launch of its DROP token, which had 1,700 participants, the project announced issues with the token contract and decided to issue a new token. This caused the old DROP token's market capitalization to plummet from $3 million to zero. The new DROP token also experienced a brief surge before returning to zero. On-chain data indicates that only a handful of meme bloggers and scientists who bought into the initial trading volume saw any gains.PANews reported on October 22nd that crypto influencer AB Kuai.Dong revealed that the BNB-based Pokémon platform was suspected of absconding. Tonight, a Pokémon card platform called GachaDrop, a competitor to Solana's Cards, launched and released its tokens. Because the website offered card draws and purchases, it was initially considered a legitimate project by the community. However, one hour after the launch of its DROP token, which had 1,700 participants, the project announced issues with the token contract and decided to issue a new token. This caused the old DROP token's market capitalization to plummet from $3 million to zero. The new DROP token also experienced a brief surge before returning to zero. On-chain data indicates that only a handful of meme bloggers and scientists who bought into the initial trading volume saw any gains.

Crypto KOL: BNB chain "Pokémon platform" GachaDrop suspected of running away

2025/10/22 19:20

PANews reported on October 22nd that crypto influencer AB Kuai.Dong revealed that the BNB-based Pokémon platform was suspected of absconding. Tonight, a Pokémon card platform called GachaDrop, a competitor to Solana's Cards, launched and released its tokens. Because the website offered card draws and purchases, it was initially considered a legitimate project by the community. However, one hour after the launch of its DROP token, which had 1,700 participants, the project announced issues with the token contract and decided to issue a new token. This caused the old DROP token's market capitalization to plummet from $3 million to zero. The new DROP token also experienced a brief surge before returning to zero. On-chain data indicates that only a handful of meme bloggers and scientists who bought into the initial trading volume saw any gains.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

lessons from Malta’s Papaya case

lessons from Malta’s Papaya case

The post lessons from Malta’s Papaya case appeared on BitcoinEthereumNews.com. SPONSORED POST* Standfirst: In August 2025, Malta became the unlikely stage for a clash between a fintech firm and one of the island’s most powerful newspapers. Papaya Ltd’s response – measured, legalistic, and paired with concrete operational moves, now stands as a case study in how financial institutions can build resilience under pressure. Drawing on the joint expertise of Lincoln’s Inn barrister (UK)  Hamna Zain and former Deutsche Bank professional Davor Zilic (croatian fintech specialist), this article examines what happened, and what it tells us about the uneasy balance between law, journalism and finance. In early August 2025, Papaya Ltd – a licensed Maltese electronic money institution (EMI), found itself in the eye of a media storm. The Times of Malta, the country’s largest daily, sent the company a list of probing questions which, Papaya argued, would have forced it to reveal confidential information from a 2021 compliance audit. The firm turned to the courts, asking for a temporary injunction to prevent publication. A judge granted a temporary protective measure pending a full hearing on its request for an injunction, that blocked the newspaper from publishing an as-yet-unwritten article about the company. The request for a substantive injunction was ultimately refused on 12 August. This legal action, triggered after one of the newspaper’s journalists sent questions to Papaya, prompted heated debate about press freedom, censorship, and the responsibilities of both media and financial firms. The headlines were immediate and emotive. “Times of Malta hit by court ‘gagging order’ from e-money firm”. “We’ve been gagged. This is why it matters.” For days, the injunction was portrayed as an assault on press freedom. The newspaper itself argued that “preventing a journalist from publishing a story is recognised in all democratic countries as illegal and a violation of the journalist’s fundamental right to…
Share
BitcoinEthereumNews2025/09/20 23:05