DeFi Tuna returns investment from Kelsier Ventures after LIBRA scandal

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Feb 17 2025

EMYC-1.16%

SOL-1.861%

JUP-3.249%

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DeFi Tuna's Response to Kelsier Ventures: DeFi Tuna, a Solana-based DeFi protocol, has decided to return a $30,000 investment from Kelsier Ventures following the LIBRA token scandal, distancing itself from the venture fund linked to price manipulation and insider activities.
Impact on Solana Ecosystem: The LIBRA meme token controversy has raised concerns within the Solana ecosystem, leading to scrutiny of various projects and individuals, while DeFi Tuna continues to operate unaffected and maintains a conservative approach amidst market turbulence.

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Technical Analysis for EMYC

Technical Sentiment Analysis for E Money (EMYC). As of , E Money (EMYC) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for EMYC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, EMYC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

E Money (EMYC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.00276	0.00433	0.00557	0.00715	0.00838	0.00996	0.0112
Fibonacci	0.00433	0.00541	0.00607	0.00715	0.00822	0.00888	0.00996

About EMYC

The World's First BankFi NetworkBringing the power of banking to DeFi. Seamlessly integrate compliance, IBAN-linked accounts, and real-world asset tokenization on a MiCA-compliant public blockchain network.E Money Network stands as the pioneering public permissioned blockchain that integrates Know Your Customer (KYC) and Anti-Money Laundering (AML) processes on-chain. It offers a MiCA-compliant infrastructure with robust bank-grade security, catering to both individual and institutional users. The network serves as a seamless bridge between Web2 and Web3, incorporating a Biometric Bridge, KYC compliance, Proof of Ownership, and Chain of Custody. With a focus on Real World Assets (RWA), E Money network enables users to tokenise on-chain tangible assets effortlessly. The platform empowers users to manage Crypto, Non-Fungible Tokens (NFTs), and Tokenized Assets, facilitating smooth transitions between Crypto and Fiat. Enjoying rapid transactions with minimal settlement times, all within the confines of the world's first regulated wallet on the E Money Network.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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