Ethereum Price Rises Amid Security Incident and Apeing's Potential 100x Growth
The crypto market is showing no signs of a summer break, with Ethereum climbing to $2,481.82 after a 0.94% increase over the last 24 hours.
However, the Ethereum price movement is overshadowed by news of a significant DeFi security incident involving Term Finance, which reportedly lost around $8.5 million due to an attacker gaining governance voting power and draining approximately 2,843 ETH and 1.68 million USDC from certain Meta Vaults.
The Apeing project has also gained attention as the best crypto to watch in August, with its whitelist open for early access ahead of its upcoming token launch, rumored for early-to-mid September.
Apeing combines a planned Stage 1 price of $0.0001 and a projected listing price of $0.01, creating a potential 10,000% ROI if achieved. The whitelist provides limited access to participants who join ahead of the upcoming launch, which is still unconfirmed.