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Tag: SRM

  • SRM Entertainment Sees Sharp Gains Following Strategic Equity Deal

    SRM Entertainment Sees Sharp Gains Following Strategic Equity Deal

    Following the introduction of a significant strategic effort, SRM Entertainment, Inc. (NASDAQ: SRM) is seeing an extraordinary spike in its stock price today. SRM stock was up more than 550% to $9.71 as of the last check made during the most recent trading session. This remarkable upswing in investor sentiment was driven by the company’s disclosure of a $100 million equity investment agreement with a private investor, marking a significant pivot toward blockchain integration.

    Founder of TRON Becomes Strategic Advisor

    100,000 shares of Series B Convertible Preferred Stock will be issued by SRM Entertainment as part of the transaction, which includes a Securities Purchase Agreement (SPA). At a conversion rate of $0.50 per share, these preferred shares can be converted into 200 million common shares.

    When the purchase is fully executed, the business will also issue 220 million warrants that can be exercised at the same price, possibly increasing the deal’s total worth to $210 million. Notably, Justin Sun, the man behind the TRON blockchain, has joined SRM Entertainment as an advisor to assist with this project.

    Rebranding and Treasury Strategy

    SRM Entertainment revealed intentions to rebrand under the moniker “Tron Inc.” in a daring move that reflected its new business approach. The foundation of this change is the creation of a TRON Token (TRX) Treasury Strategy, a digital asset program that complements the business’s overarching goal of using blockchain technology to increase shareholder value.

    SRM plans to introduce a TRX staking program and a performance-based payout policy as part of this plan.

    Positioning for the Future of Digital Finance

    This action demonstrates SRM Entertainment’s dedication to adopting cutting-edge financial technology. The TRON network is a leader in blockchain-based, cross-border US dollar stablecoin settlements, with over 310 million user accounts and daily transaction volumes that have surpassed $20 billion year-to-date.

    SRM’s compatibility with this technology demonstrates its desire to lead the way in the rapidly changing fields of digital finance and international payment systems.

  • Is SRM Entertainment Stock Doing Well Today?

    Is SRM Entertainment Stock Doing Well Today?

    SRM Entertainment, Inc. (NASDAQ: SRM) is currently experiencing a notable upturn on the US stock charts, exhibiting a 7.32% increase to $2.72 as per the latest assessment in the current trading session. The surge in SRM Entertainment stock can be attributed to the recent unveiling of its new website.

    In a strategic move, SRM Entertainment (SRM) has officially introduced its retail website, SipWithMeCup.com. This platform not only elevates the user experience but also showcases the capabilities of the company’s in-house marketing team through the incorporation of fresh imagery and product illustrations.

    The team adeptly conveys the functionality and advantages of the popular SipWithMe cups, featuring characters from the Smurfs & Zoonicorn franchises alongside SRM’s endearing Trend Animal collection. Distinguished by its user-friendly interface and aesthetic appeal, the newly launched retail website serves as a promotional hub for SRM’s products.

    This aligns with the overarching Sip with Me marketing campaign, encompassing a comprehensive social media advertising initiative. Furthermore, Sip with Me cups are available for purchase on various platforms, including Amazon, theme parks, restaurants, and other global retailers.

    Looking ahead, SRM is set to kick off its 2024 Sip with Me marketing campaign, incorporating elements such as social media advertisements, a dedicated consumer website (SipWithMeCup.com), and participation in wholesale trade shows in Las Vegas, Dallas and Atlanta. The company remains committed to fostering consumer brand awareness for its patented children’s cups, showcasing characters from the Smurfs & Zoonicorn franchises alongside the beloved Trend Animal collection.

    SRM’s consumer Sip with Me social media advertising campaign is poised to launch on Meta and TikTok, coinciding with the debut of its consumer website. The month of January marks the trade show season, during which SRM will be actively present in Dallas, Atlanta, and Las Vegas. This strategic presence aims to create new avenues for wholesale customers to procure their preferred products and cups.

    SRM Entertainment will proudly exhibit its complete product line, featuring the Sip with Me kids drinkware product mix with characters from the Smurfs and Zoonicorn franchises at these influential trade shows.

  • Crypto Performance Weekly Review: Top Winners and Losers

    Crypto Performance Weekly Review: Top Winners and Losers

    The sleeping crypto-bull has finally arisen, and is charging in full action. As a result of the BTC and ETH rise, market confidence has been soaring, and several cryptocurrencies took off spectacularly. At the time of writing this newsletter, the following stand as being the top crypto gainers of this week:

    crypto

    Top Weekly Gainers

    aiRight

    aiRight (AIRI) found itself taking on a rocketing price trajectory this week, as it blew up from $0.00158 to its current high of $0.00820, which denotes a jump of a whopping 419%. Working on an NFT and copyright management platform, the project has a great narrative, and strong momentum, and is favorably suited to take off amid this increasingly bullish crypto environment.

    Trava.Finance

    Trava.Finance (TRAVA) is yet another crypto initiative that has all in the market turning heads, as its token climbed up from $0.000279 to $0.001755 within a single week. This 529% weekly rise is incredibly impressive, and volume continues to rise up from $40,000 to over $1.7 million in the last seven days. With an active development team and an inherently safe project, many are calling TRAVA the hottest deal of January.

    TEMDAO

    In an explosive price burst, TEMDAO (TEM) took off earlier this week, from $0.039 to its present price of $0.216, which makes up a climb of 454%. This catalyst that triggered this remarkable price pump seemingly comes from the public endorsement of TEMDAO made by the webcam model, Gloria Sabra. It is important to point out, however, that momentum appears to be coming to a close, as volume has gradually fallen from $3.4 million to $900,000, during the week.

    Timeless (LIT)

    Timeless (LIT) has been taking on an impressive climb in recent days, as it more than tripled its price from $0.017 to over $0.055, in just one week. Volume during this time has steadily been ballooning from $28,000 to $3.8 million. Timeless has several upcoming catalysts, which explain the current boom, including an airdrop, a Bunni website launch, as well as Gauge reward initiation.

    Serum

    By far the biggest winner this week, in terms of its trade volume of $111 million in Serum (SRM). This cryptocurrency almost tripled its price in its weekly take-off from $0.18 to $0.49. This high-performance decentralized exchange is an obvious name to take off with improving market sentiment, and the rise of top crypto names. However, traders must be cautious as trade volume has fallen considerably in the last few days, from $1.3 billion to $111 million. This descent may very well continue in the upcoming days, bringing about price stability for SRM.

    Top Weekly Losers

    With the spectacular rise seen in the overall crypto-market, and bulls fully activated, there are also several names in the crypto-sphere that did not perform up to mark and have even brought in quite the losses to their holders in the prior week. At the time of writing this newsletter, the top weekly losers among cryptocurrencies, are as follows:

    Omni Real Estate Token

    The Omni Real Estate Token (ORT) stands as the biggest loser this week, and, by far the hardest hit, as it lost nearly all its price value in the last few hours. Following updates that ORT was exploited by a hacker on the BNB chain, who had gained approximately $70,000, a mass sell-off was triggered, as trade volume jumped up from virtually zero to over $700,000 in less than an hour. During this time, ORT price sank from $0.006374 to $0.0000001, which approximates to a 99.9999% fall.

    Create

    Create (CT) too is another crypto name that seems to be undergoing a hard plummet this week, after concerns of it being unsellable for 10 days, and its liquidity locked in. These concerns have led to panic among its holders through social media, who have been labeling it as being a “scam token”. In the pessimism that ensued, market bears have driven down CT from $0.070 to $0.014, in the last seven days, in a loss translating to 80%.

    Old Bitcoin

    Another devastating fall seen this week was that of Old Bitcoin (BC) which dropped from a high of $0.2216 to its present low of $0.0672. This gradual price shed has caused BC holders to lose about 70% of their holding value. The trigger behind this fall comes from heavy selling within insiders, without any disclosures, which has understandably spread panic across the market.

    ViCa Token

    ViCa Token fell from $0.046 to a present low of $0.015, in the last 7 days, a fall equating to 67% in the red. However, as volume has been ramping up lately, from $12,000 to $2.3 million, it is apparent that bulls are pushing for a fightback, as ViCa has more than doubled its price in the last 24 hours. It is evident that several market participants are aiming to buy the dip, and are driving up the price in the process.

    Niobium Coin

    Another unfortunate name that made it to our list of weekly losers is that of Niobium Coin (NBC) which shed its price considerably, despite its trade volume of almost $12 million, seen early this morning. NBC has plunged from $0.174 to $0.028, in the last week, translating to a loss of 84%. The fall comes after an explosive price pump, which continues to correct itself with a hard fall driven by bears.

  • Crypto Winners and Losers This Week

    Crypto Winners and Losers This Week

    With the market presently in one of its most serious lows, bulls appear to be taking cover for a while, with no indication of which cryptocurrency to rally towards. Despite these bleak circumstances, however, a number of names in the crypto-sphere did perform spectacularly, gaining significantly over the prior week. At the time of the writing of this newsletter, these were as follows:

    Top Weekly Gainers

    Trust Wallet Token

    The Trust Wallet Token (TWT) has been the most significant among the winners of the week. Despite grave pessimism, TWT successfully took on a climb from $1.11 to a present high of $2.64, thus translating to a gain of 138% in merely a 7-day period. This bullish run coincides with statements by the CEO of Binance, who heavily supported a push towards self-custody in the world of crypto. Trade volume on TWT yesterday surpassed the $700 million mark.

    SocialGood

    SocialGood (SG) was another top performer this week, which saw a 400% price explosion on Friday, coinciding with the SG ecosystem launching membership for its app. At the height of this bullish frenzy, SG climbed from $0.043 to a peak of $0.137. In the days that followed, however, it has somewhat stabilized close to the $0.094 mark, putting its weekly gains at almost 120%. Trade volume has also dropped from $2.5 million to $1.2 million.

    SafePal

    The greater part of the last week had been unimpressive for SafePal (SFP), as it gradually slipped from $0.39 to below $0.30. On Sunday, however, an epic gear shift was seen which saw SFP take off at a mighty pace to the $0.75 mark, over three days. SafePal is seeing a surge in interest following the FTX fiasco, and heightened skepticism towards exchanges by crypto-market participants. As the first hardware crypto-wallet backed and funded by Binance, many are turning to hold this digital asset. Net weekly gains stand at over 92%.

    dYdX

    dYdX has been undertaking an impressive climb throughout the prior week, pushing upward against the bearish storm of uncertainty. Its 7-day climb from $1.22 to $2.69 translates to a weekly gain of over 120%. Trade volume during this time frame steadily rose from $100 million to almost $450 million. dYdX has been widely pushed by the market, given its vision of a decentralized and non-custodial exchange, eliminating the factor of trust within such systems. The rally is a part of a wider sentiment shift observed within the market.

    DFI.Money

    The price curve for DFI.Money (YFII), over the prior week, has been remarkable in its climb. In only seven days, YFII went from a low of $1370 to its present high of $2159, denoting a 57.6% price surge. YFII is another crypto-name seeing a rally in the wake of the FTX controversy, with substantial backing from the market, on account DeFi aggregator platform. It must be noted, however, that trade volume over the week has dropped from almost $160 million to its present level of $41 million.

    Top Weekly Losers

    The crypto market was rocked to its core in the last week and undertook a hard plunge after months of stability. For this reason, it comes as no surprise that the losers this week, far outweigh the winners, in terms of both quantity and magnitude of loss. At the time of writing this issue, the top crypto-losers of the week are as follows:

    FTX Token

    The FTX Token (FTT) undoubtedly tops the list of the week’s losers, as would be unsurprising from the token responsible for the crash of the wider crypto space. In its weekly descent from barely $18, the token has shed most of its value and is presently trading at the $1.32 mark. This price fall equates to a loss of 93%. Considering that trade volume has dropped over the week from $3.5 billion to $78 million, it seems the initial wave of panicked bears has had their play with FTT.

    Saltmarble

    Saltmarble (SML) was another name among the crypto-losers of the week, after having shed 92% of its market capitalization within a seven-day window. The cryptocurrency, which has been circulating the market since July has had its roughest week so far, plunging deeply to new all-time lows, with each passing hour. For the first time since its existence, SML dropped below the $1 mark and continues in that direction. It is presently trading at $0.65 from over $10 last week.

    Metanept

    Metanept (NEPT) was one of the names from the crypto-market fall, after its plunge from $0.0613 to its present price of $0.0088. This 86% drop in the last week follows through after an extremely bearish month, where NEPT has been persistently dropping low. This wider price trajectory seems to link to panic among market participants as to a potential NEPT delisting.

    VIDT DAO

    After weeks of a successful climb which saw a climb from $0.260 to a peak of $0.770, VIDT DAO, in the last week has shifted to reverse gear, and has fallen to $0.019. The 65% fall in the last week has reversed all the gains VIDT undertook since June, and has put it in a precarious position. The DAO token faces widespread unpopularity, considering its verifiable trust concept in Web3. According to the market at large, this concept is neither reliable nor sustainable, in the wake of the recent FTX fiasco.

    Serum

    Serum (SRM) has been falling hard, amidst increasing concerns in the markets toward a possible insolvency declaration. SRM fell from $0.73 to a low of $0.27, in a seven-day period, losing 63% of its price during this time. These losses would have been even more severe, were it not for the bullish rally of the last 24 hours, pushing up its price by 34%. Trade volume has been rising throughout the week, and presently exceeds the $240 million point.