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Crypto sleuth ZachXBT has revealed what he claims are 11 Ethereum and Solana wallets of memecoin bull Murad Mahmudov, which hold over $24 million worth of tokens. The self-titled onchain sleuth claimed in an Oct. 8 X post that he linked Mahmudov to the wallets because they are “funded from the

📈Top #gainers in the last 24H: 1. $BOPE - 201.10%↑ 2. $PEPER - 166.03%↑ 3. $FUN - 159.86%↑ 4. $CRODIE - 150.37%↑ 5. $YLD - 146.19%↑ 6. $GOFI - 136.44%↑ 7. $STFX - 135.13%↑ 8. $HAMS - 128.42%↑ 9. $KAF - 126.36%↑ 10. $GM - 118.59%↑

In May 2023, security incidents caused approximately USD 18 million in losses, a significant drop from the previous month, but the frequency of security incidents did not decrease.

In July, the Solana ecosystem experienced a funding boom due to meme culture, with the $PUMP token presale raising $600 million and quickly rising. Meanwhile, Bitcoin Hyper attracted long term investment by building a Bitcoin Layer 2 that offers low-cost transactions. The market presents two narratives of short-term speculation and steady growth, so investors need to choose wisely.

The Bitcoin ecosystem is thriving, and Layer 2 projects have become the new focus. Recently, the popularity of the inscription project has driven the prosperity of the entire Bitcoin ecosystem, with related tokens reaching new highs in growth. However, the accompanying issues of network congestion and high transaction fees have also sparked industry reflections on the future development of Bitcoin. Against this backdrop, Bitcoin Layer 2 solutions have gradually become the focus of market attention. The main challenges facing the Bitcoin network are transaction congestion and skyrocketing fees. Since February 2023, ordinal transactions have been the main consumers of Bitcoin block space, causing the mempool to remain constantly full. A large number of small transactions cannot be processed in a timely manner and may even never make it onto the chain, which not only wastes network resources but also sparks controversy over "spam transactions." In contrast, Layer 2 solutions demonstrate obvious advantages. They not only alleviate network congestion issues but also through smart