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Ronin (RON) has emerged as the top gainer among the leading 100 cryptocurrencies as the number of active addresses rises. RON is up by 15% in the past 24 hours and is trading at $3.51 at the time of writing. The asset’s market cap stands at around $1 billion with a daily trading volume of around $80 million.  According to an X post, the number of daily active Ronin addresses increased by five times over the past two months.  The DAU chart for @Ronin_Network is WILD 5x growth from December to February Not a singular point in time comparison, rather it's SUSTAINED growth over that time period pic.twitter.com/3CkUqtPY72 — Pirate (@Pirateed_) February 3, 2024 Data provided by Santiment shows that Ronin’s social activity also surged by 9% over the past 24 hours. RON price, social volume, positive sentiment and RSI – Feb. 5 | Source: Santiment Following the price incline, investor sentiment also rose from 6.08 to 8.12, according to Santiment. This s...

Since its launch, Justin Sun’s new Tron-based protocol Staked Tether (stUSDT) has experienced numerous issues, including false marketing promises, centralization, and now spam. The project’s marketing describes it as a protocol where users can provide Tether s that will then be invested to earn yield by the Real World Asset Decentralized Autonomous Organization (RWA DAO).   Unfortunately, Protos was unable to identify a decentralized or autonomous organization governing these investments. Additionally, it claimed it was launched in collaboration with the JustLend DAO but Protos was also unable to find any discussion in the JustLend governance forum or any governance proposals related to the launch of RWA DAO. The tokens that have been issued so far are controlled by a few wallets connected to Sun , with approximately 85% at Huobi and the remainder in wallets that he appears to control.  On-chain data shows Justin Sun controls virtually all stUSDT Nearly all of the mo...