{"id":22561,"date":"2023-07-27T12:00:20","date_gmt":"2023-07-27T12:00:20","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/barnbridge-bond-token-takes-to-the-sky-weeks-after-sec-probe-scare\/"},"modified":"2023-07-27T12:00:20","modified_gmt":"2023-07-27T12:00:20","slug":"barnbridge-bond-token-takes-to-the-sky-weeks-after-sec-probe-scare","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/barnbridge-bond-token-takes-to-the-sky-weeks-after-sec-probe-scare\/","title":{"rendered":"BarnBridge (BOND) token takes to the sky weeks after SEC probe scare"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/1690456660489-6f634be7-e59b-4863-bcc0-504502a12990-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/1690456660489-6f634be7-e59b-4863-bcc0-504502a12990-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/1690456660489-6f634be7-e59b-4863-bcc0-504502a12990-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/07\/1690456660489-6f634be7-e59b-4863-bcc0-504502a12990-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul class=\"decimal_type\">\n<li>The BarnBridge token has hit a daily high of $3.82, after a 30% surge earlier today.<\/li>\n<li>At press time, the token was trading at $3.69, up 24.94% in 24 hours.<\/li>\n<li>On July 7, there were reports of the US SEC investigating the BarnBridge and members associated with the DAO.<\/li>\n<\/ul>\n<p>The BarnBridge (BOND) token started the day with a major jump, reclaiming all the losses it made since June 24. Although the token has since slightly pulled back from today\u2019s high of $3.82, the token is still way above where it was trading when revelations of the US Security and Exchanges Commission (SEC) probe were made.<\/p>\n<div class=\"fr-img-space-wrap\"><span class=\"fr-img-caption fr-fic fr-dib fr-draggable\" style=\"width: 615px\"><span class=\"fr-img-wrap\"><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/06\/27\/1690456324514-429d4d1d-7a1e-45dc-80f2-4e2a9672ff84.jpg\" class=\"fr-fic fr-dib\" width=\"615\" height=\"448\"\/><span class=\"fr-inner\" style=\"background: transparent;position: relative\">BarnBridge price chart. Source: Coinmarketcap<\/span><\/p>\n<p><\/span><\/span><\/p>\n<p class=\"fr-img-space-wrap2\">\u00a0<\/p>\n<\/div>\n<p>While the sudden price surge is welcome news for the crypto community, there are questions as to what is behind the move. In this article, we shall shed some light on what is happening behind the scenes.<\/p>\n<h2>Why is the BarnBridge token price rising?<\/h2>\n<p>On July 6 2023, Douglas Park, the elected legal counsel of the BarnBridge DAO took to social media platforms including X (formerly Twitter) to <a href=\"https:\/\/twitter.com\/Barn_Bridge\/status\/1677110787780018176?s=20\">state<\/a> that the US SEC had started investigating the BarnBridge DAO. Soon after, BarnBridge co-founder Tyler Ward, who commonly referred to as \u201cLord Tyler\u201d on Discord, confirmed Park\u2019s message was accurate.<\/p>\n<p>Following Park\u2019s revelation, the BOND token dipped by 10% sending shockwaves among the community.<\/p>\n<p>At the time, Park suggested that \u201call work\u201d on BarnBridge-related products should stop, including the closing of liquidity pools, in order to \u201creduce potential further legal liability,\u201d and that people shouldn\u2019t be paid for work resulting from the DAO\u2019s investment efforts.<\/p>\n<p>The details of the investigations were, however, never disclosed, probably due to what Park called \u201congoing\u201d investigations.<\/p>\n<p>Some DAO members raised suspicions over the Park\u2019s announcement with one member on Discord asking for supporting evidence of the SEC\u2019s investigation implying that BarnBridge\u2019s founders could be using it as an excuse to facilitate an \u201cexit strategy\u201d to possibly defraud investors. Tyler Ward however rebutted the allegation, stating it would be the \u201cworst thought-out rug attempt in history.\u201d<\/p>\n<p>From the time the SEC investigation allegations were made to date, nothing much has surfaced about the investigations and the BarnBridge community is likely starting to blush off the effects of the allegations seeing that the BarnBridge (BONB) token has witnessed a tremendous increase in trading activity in the last two days. At the time of writing, the trading volume was up 1852.83% over the last 24 hours.<\/p>\n<p>It is also important to note that a similar BOND price surge was witnessed last year at a similar time as <a href=\"https:\/\/coinjournal.net\/news\/barnbridges-bond-crypto-price-could-jump-by-at-least-46\/\">previously covered<\/a> by Coinjounal.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/barnbridge-bond-token-takes-to-the-sky-weeks-after-sec-probe-scare\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) The BarnBridge token has hit a daily high of $3.82, after a 30% surge earlier today. At press time, the token was trading at $3.69, up 24.94% in 24 hours. On July 7, there were reports of the US SEC investigating the BarnBridge [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":22562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22561"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=22561"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22561\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22562"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}