Tag Archives: Meme Coins

Ethervista, which is being described as the “Pump.fun” of Ethereum, released its whitepaper on Aug. 31, claiming to be a “value-compounding deflationary currency” with the token VISTA. Pump.fun is a Solana-based marketplace that allows users to easily create and distribute their own tokens, which are primarily meme coins. Its gas usage has surged to become the top consumer guzzling 150 ETH in gas over the past day, according to Dune Analytics. Deflationary DeFi Asset The...

TL;DR Floki Inu (FLOKI) saw a sharp decline of nearly 20%, losing its place among the top 5 meme coins. Despite the drop, some analysts remain optimistic, predicting a possible rally if the token’s price surpasses an important resistance level. FLOKI Bleeds Heavily The price of the popular meme coin Floki Inu (FLOKI) is down almost 20% on a daily scale, currently trading at around $0.0001272. FLOKI Price, Source: CoinGeckoFLOKI’s market capitalization plunged to $1.23...

TL;DR A trader made a significant profit by buying and selling a new Telegram-related meme coin called DOGS. Earlier this month, though, another trader lost nearly $900,000 on a Trump-themed meme coin, highlighting the high-risk nature of the sector. The Substantial Profit The ever-evolving meme coin sector has been one of the highlights of the crypto industry in the past several months, spewing new tokens quite frequently. One of the latest is Dogs (DOGS), an asset...

TL;DR TRX surged to over $0.16 earlier this week, becoming the 11th largest cryptocurrency, likely boosted by activity from the SunPump protocol. The token’s price is gradually approaching its all-time high, with further growth dependent on market conditions and potential partnerships. TRX’s Impressive Rally TRX – the native token of Tron – has been among the top-performing cryptocurrencies lately. Earlier this week, its price exceeded $0.16 for the first time since April...

McDonald’s Instagram page was reportedly hacked on August 21, leading to a significant scam involving a Solana-based meme coin. The perpetrators exploited the fast-food chain’s social media account to promote a fraudulent token named “Grimace,” referencing one of McDonald’s fictional characters featured in its advertisements. Bubblemaps’ findings reveal that the hacker acquired 75% of the Grimace token’s total supply using the Solana meme coin deployer pump.fun. The attacker...

New research by Chainplay highlights a staggering 97% failure rate for meme coin projects since 2024. The data shows that meme coins have an average lifespan of just one year, while typical crypto projects last about three years. The Mortality Rate of Meme Coin Projects According to AlphaQuest, a crypto research tool, an average of 2,020 meme coin projects die each month. State of Memecoin 2024: High Risk, High Reward Memecoins: A rollercoaster of fortunes or a financial...

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 an all-time high Bitcoin price of $73,800 on Mar. 14, 2024. Ether, meanwhile, gained 234% from a Dec. 31, 2022 low level of $1,200 to an all-time high...

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 fees, we’ve been used to seeing the majority of new launches happening over there. But is this about to change? Meme Coins Coming to...

TL;DR Binance announced the addition of two new trading pairs available later this month. The company also revealed the delisting of several trading pairs, such as BLZ/FDUSD and BICO/BTC, with no significant impact on the prices of the involved cryptocurrencies. The Latest Listings Binance continues to update its services to respond to recent market trends and improve overall user experience. It said it will add two new trading pairs on Binance Spot: BONK/BRL and NOT/EUR. In...

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 On August 8, in a Q&A session hosted on Locals, Trump Jr., the eldest son of presidential candidate and former President...