Token Events

Gate News reported that on March 17, Pump.fun's ecosystem account disclosed on the X platform that over the past 7 days, Pump.fun repurchased PUMP tokens worth 8.52 million dollars, with cumulative repurchases reaching 328 million dollars, offsetting 29.52% of the total circulating supply.

Pi Network (PI) token closed at $0.1955 on Monday after declining for four consecutive trading days. Last week, Pi developers launched on-chain smart contracts through a v20 node upgrade and announced plans for a second mainnet migration. From a technical perspective, the PI price is currently stable near the 50-day EMA and the 61.8% Fibonacci retracement level, a position that has historically been associated with technical rebounds.

Bitcoin has recently risen to approximately $75,850 due to eased market concerns about the Strait of Hormuz. OpenSea announced a delay in SEA token issuance with no new date set. BitMine increased holdings by 60,999 ETH, bringing total holdings to 4.596 million ETH, and plans to launch staking infrastructure. U.S. stocks rose on the back of declining oil prices. Market sentiment among short-term investors remains cautious, with views that a reversal has not yet arrived.

Gate News reports that on March 17, stablecoin project USD.AI announced on the X platform that CHIP token allocations from the ICO and airdrop are now available for inquiry. Users can view their specific allocations in the USD.AI application. Additionally, USD.AI stated that users wishing to apply for ICO refunds can submit applications through the CoinList platform. It is important to note that once a refund is requested, users will forfeit all allocated CHIP tokens, and this action is irreversible.

A certain NFT trading platform announced a delay in its SEA token issuance plan. CEO Devin Finzer stated that the token generation event originally scheduled for Q1 2026 will be postponed, with specific dates to be announced later. The delay is due to challenging cryptocurrency market conditions, with the team aiming to ensure all preparations are fully in place before launching the issuance.

Renowned investor Stanley Druckenmiller recently stated that stablecoins will become the core of the global payment system in the future, predicting that they will dominate financial markets within 10 to 15 years. The stablecoin market cap has surpassed $315 billion, demonstrating accelerated institutional adoption. Following the passage of the U.S. "GENIUS Act," which provides a regulatory framework for stablecoins, they are advancing toward mainstream financial infrastructure, while Hong Kong is also preparing to issue licenses. Druckenmiller remains cautious about the overall cryptocurrency market but believes stablecoins have practical use value.

The cryptocurrency market is set to experience a significant influx of over $438 million in new tokens during the third week of March 2025, with major projects like LayerZero (ZRO), Lombard (BARD), and River (RIVER) leading crucial token unlocks that may cause notable market volatility.

David Schwartz defends Ripple's XRP sales against criticism, arguing they provide liquidity and benefit long-term investors. The debate highlights concerns over corporate growth versus retail holder interests, revealing divisions within the XRP community on transparency and market impact.

Binance has announced the listing of Midnight Network’s NIGHT token on the exchange and distributed 240 million NIGHT tokens to its HODLer Airdrops page members. Charles Hoskinson described the listing as a ‘major accomplishment’ for the Cardano ecosystem, which will introduce NIGHT to 500 mi

Gate News bot message, seven tokens are scheduled for unlocks next week. ASTER leads with an unlock value of $56.84M, followed by ZRO at $53.86M and RIVER at $32.27M. ESPORTS will unlock $12.83M, BBT $7.32M, KAITO $6.50M, and PENGU $5.62M. These represent the largest token unlock amounts for the upc

Polygon has recently experienced a rebound of approximately 4%, driven by attention from a new fee allocation proposal. If passed, it would benefit 33,000 delegators and enhance network security. Meanwhile, DeFi project Katana will launch token distribution on March 18, promoting community participation. The market is anticipating changes in POL demand.

Ripple's Chief Technology Officer David Schwartz points out that burning escrowed XRP tokens would not significantly boost the price, and provides historical data of XLM burns as evidence. He emphasizes that market prices depend more on supply and demand dynamics and investor confidence, rather than mere token burning. This perspective may influence XRP community expectations, prompting attention to actual market demand.

XRP's weekly trading volume declined from $22.9 billion to $16.6 billion, indicating a notable decrease in market participation. The community has criticized Ripple's stock buyback program, arguing that escrow tokens should be burned to increase XRP's value. Ripple's Chief Technology Officer David Schwartz mentioned that supply reduction does not necessarily lead to price increases, citing Stellar's token burn as evidence supporting this viewpoint. Although there have been recent regulatory developments, XRP's market demand has yet to show significant improvement.

Hong Kong's first batch of stablecoin issuer licenses is expected to be announced as early as next week, with reports suggesting HSBC, Standard Chartered, and OSL will receive licenses, backed by regulatory support for bank-led initiatives. Industry insiders reveal that the preliminary list may undergo changes, with Chinese institutions notably absent due to concerns about potential impact on digital yuan promotion.

Pi Network launched a new application feature called Pi Launchpad on its testnet on March 16, designed to help developers issue project tokens and integrate them with practical applications. The platform emphasizes "utility first," promoting healthy ecosystem development and allowing users to experience token issuance and DeFi functionality through the test environment. Launchpad employs a liquidity pool mechanism to provide baseline liquidity, with the overall update aimed at attracting more developers and driving application implementation.

On March 16, Web3 social infrastructure UXLINK launched Season 7 incentive campaign, with the core focus on "AI-Driven and Real-World Applications." Users can complete tasks such as subscribing to AI services and using FujiPay for payments to earn cashback rewards and N-Score points. The campaign aims to promote the integration of Web3 social networks with AI tools and real-world payment scenarios.

Paradex released its product roadmap on March 16, announcing multiple important updates, including DIME token expansion, RWA contract trading launch, upgrades to MCP and CLI functionality, and sharing token buyback progress. Meanwhile, Paradex will rebrand as Paradex Ecosystem to strengthen the connection between real-time dynamics and on-chain trading.

MetaDAO announced on March 16 that it has determined the Ranger (RNGR) token redemption quantity, with a total of 6,137,825.101 tokens at approximately $0.822318 per token. 247 ineligible accounts were excluded, and users are advised to withdraw tokens to their wallets to participate in the redemption. The liquidation portal will go live on March 17.

Surgence Labs reveals its operating model and success cases, including a DeFi project with TVL breaking $100 million in days and token oversubscription of 28x. Despite crypto startups reaching record financing, user growth remains limited by lack of distribution channels, funding dependency, regulatory uncertainty, and technical barriers. The institution emphasizes neutrality to avoid conflicts of interest and provides market entry support.