AMC stock has seen a significant downturn despite efforts from “Roaring Kitty” to revive the meme frenzy on Reddit. While his influence once spurred massive buying, current market dynamics reveal waning enthusiasm among investors.
**Meme Coin Attack Leads to Significant Financial Losses**
A coordinated attack on the WFTDAO finance project resulted in the theft of approximately $2 million. The exploiter took advantage of a vulnerability in the project’s codebase, leading to the loss of funds. The attacker still holds $1 million worth of the MEME token, which is known as “Pepe’s Best Friend.” The incident highlights the risks associated with investing in unproven and highly speculative digital assets.
In a pivotal move, Reddit has inked a strategic partnership with Google Cloud to leverage the latter’s cutting-edge artificial intelligence (AI) infrastructure for training its extensive portfolio of machine learning (ML) models. This partnership signifies a significant advancement in Reddit’s mission to provide its vast community with personalized and engaging experiences.
DeSo, a decentralized social network, has announced a $1M bounty for building a decentralized version of the popular social media platform Reddit. This move represents a major shift in the way online communities organize and interact with one another.