The blocmates Podcast Monday, Nov 3, $PUMP Airdrop Soon?
Nov 3, 2025
Recent developments in the crypto space spark intrigue! A troubling saga unfolds with MEXC as user withdrawals face issues, raising solvency questions. Meanwhile, potential excitement brews with a PUMP airdrop hinted at, as analysts suggest high odds it will happen soon. Not to be missed, CZ's significant $2 million purchase creates a buzz, and insights into the ongoing market trends, including whale activity and liquidity signals, keep listeners on their toes. Get ready for an engaging round-up of the latest in crypto!
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Market Downturn And Liquidations
- Bitcoin and Ethereum slipped notably with broader market cap down to $3.677 trillion.
- Price drops triggered $413 million of long liquidations over the past 24 hours.
MEXC Withdrawal Dispute Resolved Publicly
- Multiple users reported funds stuck on MEXC after the exchange flagged alleged bot trading and blocked withdrawals.
- One high-profile user loudly complained on social media and later recovered over $3.1 million after public pressure.
Solvency Claims Versus User Trust
- MEXC released a proof-of-reserves update claiming solvency despite earlier red flags like a 600% USDT staking offer.
- Many users still reported long-term frozen funds, indicating lingering trust issues.