Tag Archives: Meme Coins

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...

TL;DR An investor spent $916,000 on a Trump-related meme coin (RTR) driven by FOMO, only to lose almost everything when the coin’s value crashed shortly after. While some traders incur losses due to FOMO, others who enter the market at the right time can make substantial gains. However, the meme coin market remains highly dangerous and investors should be extra cautious when diving in. The FOMO Effect Meme coins have been among the highlights in the crypto space in the past...

This Year’s Theme: “On the Move” Throughout history, people have left their homes for a variety of reasons and have found themselves in faraway places. This has led to encounters with foreign lands, their inhabitants, their customs, their flora and fauna. Cultural heritage collections are full of artifacts resulting from and bearing witness to those people “on the move”: archival records, travel reports, audiovisual documents, object collections, oral histories etc. These...

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 July 2nd, Sweeney fell victim to a SIM swap attack, and a link to a fraudulent meme coin based on Solana called SWEENEY,...

ETH alternative: Why SOL is getting attention? Sind wir ehrlich: Mit ganz wenigen Meme Coins wie Bonk, Shiba Inu und Poodlana sind vielleicht einige im Presale rsp. Vorverkauf reich geworden. Aber die grosse Anzahl an anderen Meme Coins waren keine Glücksbringer für die Wallet der frühen Investoren. Wer hat also profitiert? Das Solana-Netzwerk erlebt einen unerwarteten Aufschwung, und Meme-Coins spielen dabei eine entscheidende Rolle. Während diese spassigen Token mit Hunde-,...