ChainCatcher news, the Bitcoin Layer2 project SatoshiVM announced that it will launch the Runes Bridge on the testnet next week, followed by the Alpha mainnet.When the Runes Bridge goes live, it will prioritize support for the most anticipated Runes tokens by the community. In addition, the team will use SAVM tokens from the ecosystem fund to reward early users related to Runes.

ChainCatcher news, Bitcoin Layer2 project SatoshiVM announced on social media that its Alpha mainnet will go live on March 15.It is reported that this phase will launch a series of features, including SAVM staking, token cross-chain bridge, 30-second internal token deployment, and low-cost trading of BRC20 tokens, etc.

ChainCatcher message, SatoshiVM is now integrated with OKX Web3 wallet, allowing users to perform cross-chain asset transfers between Bitcoin Testnet and SatoshiVM Testnet, as well as Ethereum Sepolia SatoshiVM Testnet through the OKX Web3 wallet. SatoshiVM is a Bitcoin ZK Rollup Layer 2 solution that uses EVM for off-chain computation, meaning users can interact with SatoshiVM in a manner similar to interacting with Ethereum, and developers can build on SatoshiVM just like they do on Ethereum.It is reported that the OKX Web3 wallet is an industry-leading one-stop Web3 entry point, now supporting over 85 public chains, with a unified experience across App, plugin, and web, covering five major areas: wallet, DEX, DeFi, NFT marketplace, and DApp exploration, and supporting Ordinals marketplace, MPC and AA smart contract wallets, gas exchange, and hardware wallet connections, among others.

ChainCatcher news, according to CoinDesk, the SAVM token of SatoshiVM has attracted attention due to internal trading disputes just hours after its issuance. The market capitalization of the SAVM token once reached 90 million dollars after its release, but it soon sparked controversy.According to on-chain analysis tool @bubblemaps, 15% of the token supply was sent to a few wallets, which are reportedly owned by market influencers who sold the tokens immediately after receiving them.SatoshiVM claims that its protocol is a Bitcoin second-layer protocol that utilizes zero-knowledge convolution technology. Despite the controversy surrounding the SAVM token after its issuance, its price has fluctuated between 7 and 14 dollars since January 19 and remains of interest among retail traders. The SatoshiVM team has denied all allegations and plans to hold a community Q&A session on Thursday to directly address inquiries.

ChainCatcher news, Spot On Chain posted on platform X that due to ongoing conflicts between Ape Terminal, SatoshiVM, and Mac, the SAVM token has dropped by 32%. According to on-chain data: the SAVM Insight wallet has no activity, and the outflow of "smart traders" has increased to 382,000 SAVM.CoinGecko data shows that the price of the Bitcoin Layer2 project SatoshiVM's SAVM is currently $7.58, with a 24-hour decline of 29.4%.Previously, KOL Mac stated on platform X: "The Launchpad project Ape Terminal has engaged in deceptive practices in all its ID0 releases. All winners are from the Ape Terminal team. In addition, they charged a 25% fee. Ape Terminal refunded all SAVM tokens to the SatoshiVM team but made millions by selling the winners' wallets." In response, Ape Terminal stated: "SatoshiVM was founded by KOL Mac, who holds a large amount of unlocked SAVM and made $10 million in profit in one day."

ChainCatcher news, the Bitcoin ZK Rollup Layer2 solution SatoshiVM officially stated that it will extend the unlocking period for the SAVM tokens of the team, advisors, and launch partners. The SAVM tokens for launch partners will be locked for 3 months, and then 4% will be gradually unlocked each month over the next 12 months; the SAVM tokens for advisors will also be locked for 3 months, followed by a 2-year linear token unlock; the tokens for SatoshiVM contributors will be locked for 6 months, followed by a 2-year linear token unlock.

ChainCatcher message, Lookonchain monitoring shows that a wallet associated with the @SatoshiVM team is selling SAVM tokens. The wallet address (referred to as "0xfdac") received 420K$ SAVM (worth about 4.7 million dollars) from the @SatoshiVM team's wallet. Subsequently, the wallet transferred 189,700$ SAVM (worth about 2.12 million dollars) to 24 new wallets and has already sold 124,739$ SAVM for 504 ETH (approximately 1.24 million dollars).

ChainCatcher news, according to monitoring by Lookonchain, SatoshiVM has transferred 1,217,818 SAVM (approximately 10.5 million USD, accounting for 11.5% of the total supply) to 248 KOL addresses, including Thor Hartvigsen. Currently, these 248 addresses still hold 483,493 SAVM (approximately 2.16 million USD), while 734,325 SAVM (approximately 6.32 million USD) have been transferred or sold.

ChainCatcher news, according to official information, SatoshiVM has announced the basic information and distribution details of its token SAVM. The total supply of the SAVM token is 21 million, with the distribution ratio including: ecosystem 36.5%, liquidity 30%, contributors 15%, Bootstrapping 15%, Bounce Finance IDO 2%, APE Terminal IDO 1%, MUBI mining pool 0.4%, BSSB mining pool 0.1%.

ChainCatcher news, according to official sources, Bounce announced that the token SAVM for the Bitcoin Layer2 project SatoshiVM has successfully completed its issuance, raising a total of 10,800 AUCTION.In addition, the winners have now been announced, and randomly selected winners can claim their SAVM, while winners who provided initial liquidity (ILO) can claim their ETH and SAVM earnings every Sunday. Participants who did not win can apply for a full refund.It is reported that SatoshiVM is a ZK Rollup Layer2 solution based on the Bitcoin chain, using BTC as the native gas, and its testnet is now live.

ChainCatcher message, Bounce announces the issuance details of the Bitcoin Layer2 project SatoshiVM token SAVM. This issuance will be distributed in two forms: a random selection round and an Initial Liquidity Offering (ILO) round. The former will start on the 18th at 8 AM, while the latter allows participants to receive rewards generated from the AMM LP trading fees of SAVM.