While they are issued by smart contract blockchains with base layer currencies like Ethereum (ETH) and Solana (SOL), meme coins have fetched far greater gains in a shorter period of time than the most established cryptos. Bitcoin, for example, gained 347% from key price support at a Dec. 31, 2022 low level of $16,500 to...Read More
Meme coins have undoubtedly been the most prominent narrative in 2024. From the meteoric rise of dogwifhat (WIF) to countless celebrities launching their own coins (and the controversy that surrounded them), the field has seen all the action. With most of it happening on Solana because of its fast transaction processing times and relatively low...Read More
Sahil Arora, who has been associated with a series of high-profile celebrity-backed meme coins, reportedly netted approximately $3 million this year, according to blockchain investigator ZachXBT. This figure starkly contrasts with the $30 million earnings estimate initially reported by blockchain data platform Bubblemaps. Who Is Sahil Arora? Arora, an Indian entrepreneur now living in Dubai,...Read More
Former President Donald Trump, now a presidential candidate, has made Bitcoin a central focus of his campaign, promising to make the US a global crypto leader. Building on his father’s recent pivot toward crypto, Donald Trump Jr. is developing a new decentralized finance (DeFi) platform to address banking access inequality. Trump Jr Targets the Debanked...Read More
The popular Solana-based meme coin Dogwifhat (WIF) is leading the crypto meme industry. As of August 10, 2024, the overall performance of meme coins is quite dull, including top meme coins Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) as they experienced a price surge of 0.5%, 1.2%, and 1.35% in the last 24 hours....Read More
Prominent on-chain sleuth ZachXBT has recently uncovered compelling evidence linking convicted UK hacker Gurv – whose real name is Gurvinder Bhangu – to the recent compromises of American actress Sydney Sweeney’s and ‘Breaking Bad’ actor Bob Odenkirk’s X accounts. This resulted in over $530,000 stolen through Solana meme coin scams. SWEENEY Pump and Dump On...Read More
There’s a new meme coin in town – NEIRO. But experts have already raised significant red flags over it. According to the blockchain data platform Bubblemaps, significant insider trading activity has been observed with NEIRO on the Ethereum blockchain. Insider Trading on NEIRO on Ethereum NEIRO meme coin on Ethereum has been found to be...Read More
Meme coins have been one of the most popular narratives in the first two quarters of 2024. However, there has been a significant cooling off in their market after the intense activity of the “spring.” In fact, recent findings suggest that only a handful of meme coins have recorded gains over the past 30 days,...Read More
The team behind one of the famous Donald themed tokens called MAGA revealed their faces during Bitcoin conference 2024 at Nashville. This is the first time some meme coin team has shown their faces to the world. Let’s explore what this means for the MAGA token and for the investors. Hidden faces behind meme coins...Read More
The Solana blockchain saw the launch of 30 meme tokens by celebrities last month, including those from notable figures like Andrew Tate and Soulja Boy, according to Jupiter Slorg’s recent statistics. On average, they have fallen by 94% from their peak values, with the top-performing tokens still suffering losses of over 70%, while half saw...Read More
Donald Trump themed memecoin, MAGA, just shot up by 20% after a shoutout from Elon Musk on X. That’s right ! MAGA is trading at $7.08, up by a crazy 20.22% in just 24 hours. Elon Threw MAGA to the Spotlight Elon Musk, the man behind Tesla, posted a meme image on X with “Make...Read More
Whenever we talk about trend setters in Crypto, meme coins come in the first place! In the fast paced world of digital currency, there are only a few coins that are making real waves this month. These coins are showing impressive presales, innovative solutions, and incredible growth potential. Let’s explore three crypto coins that could...Read More
Andrew Kang, founder of Mechanism Capital, predicted that over 98% of altcoins have already peaked for the current cycle. He noted that only a select few coins might see new highs in late 2024 to early 2025, with meme coins likely to make up most of the coins with the potential to reach new highs....Read More
Solana’s meme coin, Billy who is just one month old now, has just skyrocketed past the $100 million mark, now sitting pretty at a whopping $115 million. This coin claims to be the cutest dog in the meme world and was launched on Pump.fun in early June, Billy has quickly become the second-largest token on...Read More
The ever-evolving meme coin sector has been a highly interesting niche for investors and traders in the past several months. It is full of assets based on recent trends, with many witnessing substantial price increases in a short period of time. In the following lines we will touch upon some of the most popular ones...Read More
The first half of 2024 has ended, and on-chain experts have compiled data to determine the profitable sectors so far in the year. According to coverage from independent crypto reporter Colin Wu, memecoins became the most profitable sector in H1 2024, followed by Real World Assets (RWA) and Artificial Intelligence (AI). Memecoins Emerges as Most...Read More
Football legend Ronaldinho Gaúcho has hinted at a return to the cryptocurrency scene. On June 23, he posted on X, declaring it was time for the asset class to “go mainstream” and urged his followers to join him. However, this announcement has not been met with enthusiasm. Instead, it caused criticism and skepticism from the...Read More
On-chain experts have warned that political-themed meme coins will remain volatile for the next seven days or more as the United States presidential debate approaches. Bitfinex analysts said PolitiFi tokens have become speculative assets for the outcome of the upcoming elections; hence, they could witness dramatic rises and falls before, during, and after the debate...Read More
Ex-convict Martin Shkreli, who spent several years in prison for financial-related frauds, just recently hopped onto an X space and publicly announced his role in the creation of the new Donald Trump-themed token DJT. This comes after questions on the token’s authenticity and accusations of insider trading continue to come up. Ex-Convict Co-Created DJT While...Read More
Coinbase Ethereum layer-2 network Base has clinched a new record in terms of the number of daily active users on decentralized exchanges (DEX), reaching 270,000 on June 17th. Compared to the previous day, the figure jumped by approximately 9%. Uniswap Dominates Base With 85% User Share According to data compiled by Dune Analytics, with the...Read More
Around $75 billion has exited crypto markets over the past 12 hours with total capitalization falling to a monthly low of $2.48 trillion. However, meme coins are suffering the greatest losses, with many of them dumping by double digits. In a post on X on June 18, Bitcoin pioneer Kyle Chassé said it has “never...Read More
Meme coins have seen spectacular growth this year reaching almost $60 billion amidst the broader market rally. But not everyone is a fan. Many experts and market players have weighed in on how meme coins have overshadowed more legitimate projects in the industry. Even as the industry remains unsure of the latest hype and the...Read More
Blockchain analytics platform Bubblemaps has alleged insider trading activity in the meme coin projects promoted by Andrew Tate and Iggy Azalea. The allegations, detailed in a June 12 thread, revealed that at the launch of the DADDY coin, insiders had allegedly acquired 30% of the token supply, amounting to over $45 million distributed across 21...Read More
Since Dogecoin’s debut in 2013, the meme coin market has seen significant growth, reaching a total market cap of $60 billion by June 2024. In March alone, the asset class attracted a whopping $13 billion in spot trading volumes on exchanges, surpassing major blue-chip cryptocurrencies such as Ethereum and Solana. However, this sector is grappling...Read More
Back in 2021, it seemed like every celebrity was getting involved with the cryptocurrency industry through non-fungible tokens. The Bored Ape Yacht Club (BAYC) and CryptoPunks were the hottest collections, and mega stars like Eminem and Justin Bieber (just to name a few) were rocking NFTs as their profile pictures on Twitter (now X). Three...Read More
GameStop and its stock price have been the talking point of many crypto-centric and traditional finance communities throughout the past few days – not without reason. GME’s price went on a massive rollercoaster this week, soaring by 130% and plummeting by 55% shortly after. Many financial experts have chipped in with opinions, one of whom...Read More
Wrestling legend Hulk Hogan is alleged to have promoted a Solana-based meme coin named HULKAMANIA (HULK) online and then deleted the posts, leading to a decline in the token’s market value. The meme coin’s market capitalization dropped from $17 million to $2 million in a matter of minutes. Hulk Hogan Denies Promotional Posts As reported...Read More
Vitalik Buterin, the co-founder of the Ethereum network, has expressed his unhappiness about the celebrity meme coin experiments in this bull cycle. According to a tweet by the Canadian-Russian computer programmer, he would deem the meme coin projects more honorable and respectable if they had a public goal and were geared toward pushing specific causes...Read More
With meme coins creating buzz all year, whales have doubled down on accumulating these tokens. One such whale has been massively accumulating Shiba Inu (SHIB) tokens, spending 4,849 ETH, worth around $18.44 million, to purchase a whopping 715.9 billion SHIB over the span of just six hours. This is an extraordinary buying spree, even for...Read More
Keith Gill, known online as “Roaring Kitty,” posted on Reddit that he is holding $181.4 million worth of GameStop (GME) stock and call options. Following his Reddit post, GME, ROAR, and KITTY meme coins gained 315%, 660%, and 477%, respectively. GameStop Meme Coin Rally Gill’s post, titled “GME YOLO update – June 2, 2024,” marks...Read More
