Tag Archives: Meme Coins

Meme coins aren’t just speculative assets. They have slowly started representing a symbolic rebellion against established financial norms, aligning with the demographic and ideological shifts shaping modern markets, as highlighted by Binance Research’s latest report. Since 2022, the collective market cap of meme coins, measured as a share of Total 3 (the crypto market excluding BTC, ETH, and stablecoins), has nearly tripled from 4% to 11%, driven in part by a sense of...

In recent weeks, Pump.fun, the popular Solana-based platform for launching meme coins, has been consistently selling large volumes of SOL. According to the latest findings by Lookonchain, the Fee Account of Pump.fun, sold an additional 40,000 SOL, worth around $6.68 million, on October 2nd. The sale has prompted speculation about its broader market impact. Shortly after the development, SOL’s price briefly faced a drawdown to $163 before climbing back up to the press time...

TL;DR A trader turned a $96 meme coin investment into a paper profit exceeding $3 million. However, investors should pay attention when jumping on the bandwagon due to the infamous volatility of memes, which could lead to devastating losses. What a Trade… Meme coins are an exciting part of the cryptocurrency world and have become quite trending during the latest bull cycle. They pop out quite frequently, with some witnessing astonishing price increases in a short period of...

The surge in meme coins significantly contributed to Tron’s record revenue of $151.2 million in Q3 2024. According to a report by Messari, the latest figure marks a 29% increase from the previous quarter. This growth can be largely attributed to the launch of SunPump, a platform designed specifically for launching meme coins. Activity on SunPump started to surge on August 16 and escalated dramatically in the following two weeks. Between August 16 and August 31, Messari...

Ethereum co-founder Vitalik Buterin sold 651.6 ETH worth of meme coins, which is approximately $1.62 million, in line with his commitment to charitable donations. The tokens sold include significant amounts such as 10 billion MOODENG for 395.95 ETH ($982K), 200K MSTR for 93.23 ETH ($231K), and 500 million EBULL for 73.79 ETH ($183K), as per Spot On Chain. Other sales included meme coins such as POPCAT, FWOG, Milo, TCATI, and VITALIK tokens. Buterin’s Charity Donations Over...

American singer and dancer Jason Derulo has not provided any updates about his meme coin JASON since July, raising concerns about the cryptocurrency’s fate despite multiple promises about its future and development. On-chain sleuth ZachXBT brought Derulo’s silence on the project to light in a recent tweet, reprimanding influencers who promoted the token at its launch. Zach insisted that the influencers were wrong to believe that the JASON project would differ from the over 15...

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...