The past few weeks have been tough on cryptocurrency assets and their respective projects. Following the FTX crash, several projects have declared bankruptcy. Some have managed to survive and only revealed their exposure to the incident. Events like this linger for a while, and the effect will be felt for quite a while. It is already telling on the market volatility and dwindling investor confidence. However, it might still be too early to tell; after all, it is purported that the FTX crash is a ripple effect of the LUNA crash in May 2022.

Amidst the bearish market sentiments, Big Eyes (BIG) is going from strength to strength on the market. Big Eyes Coin has raised over $11 million across its seven presale rounds. Big Eyes was already on the radar of early investors after it raised its first $1 million in a week. Following that, it has brought more people on board while it promises to help them make a profit. Big Eyes is bringing new utilities to the meme coin landscape, including the DAO governance model.

Speaking of DAO governance, Aave (AAVE) recently passed a governance vote to disable the market and freeze assets due to volatility concerns. This is a positive move by the Aave community, as this is required of crypto projects in a market like this to survive, not make a profit. That would come later, in the coming bull market.

Aave (AAVE): Hard Decisions To Be Made

Aave (AAVE) is a decentralized lending protocol on the Ethereum blockchain that allows users to lend, borrow, and earn interest on cryptocurrencies without an intermediary. Smart contracts manage this platform, and it ensures that the funds are not trusted to a particular person, keeping the integrity of the network intact. The DeFi protocol enables the lending and borrowing of several cryptocurrencies, including ETH, MANA, and stablecoins.

It is a community-governed project and allows the community members to decide on pivotal issues about the protocol. Recently, a user borrowed 20 million CRV from the protocol and transferred it to a centralized exchange, OKX, to shorten the token. This caused Aave protocol to hold $1.5 million in bad debt as the token also constitutes the platform’s TVL.

As a response to the attack, the protocol has decided to freeze borrowing and lending of assets on the network to mitigate the risk the protocol has been exposed to and in preparation to upgrade the protocol against such attacks in the future. The proposal was written by Gauntlet Network, a DeFi infrastructure company, and it was prompted by the need to erase the bad debt. According to the corporation, it will aid the protocol’s transition from v2 to v3 by allowing users to shift their assets to the improved network.

Big Eyes Coin (BIG): The New Meme Coin Making Ripples

Big Eyes Coin is a new meme crypto project that has shown the potential to be the biggest performer when the market gains strength. It also poses as a meme coin to bet on to draw momentum back into the market. The last bull market has shown that meme coins can kickstart a bull run as Dogecoin (DOGE) did. Big Eyes Coin (BIG) is the biggest meme coin the landscape has seen since Shiba Inu (SHIB) last year, and smart investors have secured their stake in its potential profits.

Besides, Dogecoin (DOGE) and Shiba Inu (SHIB) are already overpriced to have any massive price pump when the market resumes. Meme coins are known for way bigger returns than 10x and 100x. They are known for returning investment in thousand folds for the earliest investors, which is why Big Eyes presale continues to sell at record speed despite slowing market momentum.

Big Eyes is also a community-governed project and would be one of the earliest iterations of the DAO governance model in the crypto market. Several crypto enthusiasts are willing to take the bet on this because it sells very cheap on presale. You can also use exclusive code BCUTE924 when purchasing in the Big Eyes Coin presale for bonuses and additional content!

For More Information on Big Eyes Coin:

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

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