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
While meme coins are all the rage now, the OG Dogecoin has been relatively quiet. DOGE’s price action has been underwhelming at $0.158, as it was almost 4% down over the past week. Despite this, whales have bought more than 700 million DOGE in the past 72 hours alone. This stash is worth around $112...Read More
The surge in celebrity-backed tokens, fueled by the frenzy for meme coins, has polarized the community. One such meme coin that has captured the market attention is that of American TV personality Caitlyn Jenner’s JENNER token. Jenner launched 12 meme coins on the Solana blockchain within a mere four days, reaping profits of 2,381 SOL,...Read More
This year saw an explosion of meme coin launches, many of which have questionable ties. In fact, Lookonchain’s data effectively highlights the perils of trading meme coins, especially those endorsed by celebrities, with the latest spotlight on American celebrity Caitlyn Jenner’s JENNER, which was launched on the Solana blockchain. JENNER Memecoin Pitfall Despite several market...Read More
The significant rally of the frog-themed meme coin Pepe (PEPE) has put the majority of its holders in profit. According to a tweet by IntoTheBlock, more than 96% of crypto users holding PEPE are currently at the money. Thanks to an impressive 90% return this month, over 96% of $PEPE holders are now in profit....Read More
The value of the Normie (NORMIE) token sunk by 99% within three hours after it was victim to a smart contract exploit, which temporarily dropped its market cap from $42 million to $200,000. Following the exploit, the developers of the Base meme coin are in discussions with the individual responsible for the incident to reclaim...Read More
Caitlyn Jenner, an American media personality and a former Olympic gold medal winner, has a new meme coin she’s promoting via her X account. Dubbed $JENNER, the token was launched on the Solana-based decentralized exchange (DEX), Pump.fun. Despite the suspicion from several crypto community members on X, the meme coin has soaked up a market...Read More
Kabosu, the Shiba Inu who became a global internet sensation as the face of the “Doge” meme, passed away on May 24 at the age of 18, her owner, Japanese kindergarten teacher Atsuko Sato, confirmed on Instagram. The beloved dog, known for her iconic expression and the humorous captions that accompanied her photos, captured the...Read More
Shiba Inu (SHIB) has posted a lackluster performance this month, yet whales remain remarkably bullish on its potential for an uptrend. This is evidenced by their mammoth accumulation of trillions of SHIB tokens in the month of May alone, which appears to be bet on SHIB’s long-term prospects, even as the meme coin has plunged...Read More
During Bitcoin’s climb to May’s high of $71.1K, the meme coin sector proved to be the most profitable, trending tokens by market capitalization yielding returns over 40%. However, as the price of Bitcoin settled back to around $69K in recent hours, several meme coins are facing a strong rejection from sellers. Interestingly, SHIB price failed...Read More
PEPE is on fire. The popular Ethereum-based meme coin reached an all-time high of $0.00001422 on May 22nd as it surged by more than 26% over the last 24 hours. The possibility of a spot Ether ETF has fueled enthusiasm and price rallies, particularly in meme coins, including PEPE, as investors eagerly anticipate the potential...Read More
Solana-based meme coin launchpad Pump.fun announced that a former employee used their “privileged position” to access “withdraw authority” and misappropriated around 12,300 SOL, worth approximately $1.9 million at the time. To prevent further damage, Pump.fun halted trading and updated the contracts. Flash Loan Exploit Addressing the exploit, Pump.fun said in an X post that a...Read More
Since the beginning of April, more than a million new tokens have been created, with over 370,000 appearing on Ethereum, owing to activity on Coinbase’s Layer 2 network, Base. Solana leads with the creation of over 640,000 new tokens, primarily meme coins. Base Sees Increased User Activity According to the data shared by Coinbase director...Read More
The meme coin market has seen a strong revival due to increased buying demand in the cryptocurrency market. As Bitcoin’s price aims to rise above $65,000, Pepecoin is trending sharply toward its previous all-time high. However, with the rally slowing down, analysts are beginning to worry about the possibility of a pullback. Pepe’s Whale Interest...Read More
An anonymous trader has made headlines by making a profit of $46 Million with PEPE within one year, equivalent to a 15,718x gain. This comes as the Solana-based meme coin recently achieved a milestone that saw it hit a new all-time high on May 15. The Trader’s Strategy According to Lookonchain data, the trader acquired...Read More
Meme coins are rallying, with PEPE leading the charge to a new all-time high of $0.00001096. This rally follows GameStop stock trader Keith Gill, famously known as “Roaring Kitty,” returning to his social media platform, X, after a three-year hiatus. PEPE Hits All-Time High PEPE has skyrocketed, with its price surpassing the $0.000010 mark for...Read More
MarketVector, a subsidiary of the renowned American asset management giant VanEck, has launched the MEMECOIN Index. It has shown impressive performance, surging 195% in the past year and 137% since the start of 2024. This index aims to track the performance of six popular meme coins, such as DOGE, SHIB, and others. VanEck’s MEMECOIN Index...Read More
