Tag Archives: Meme Token

Memecoin bulls braced for impact as the largest asset of this kind by market cap, Dogecoin, dropped by over 10%. $60 million in DOGE futures got wiped out as a result. Huobi accounted for more than $44 million of those liquidations. Data revealed they were associated with longs – positions harnessed by users to speculate DOGE’s price rise. In contrast, only $600,000 worth of DOGE shorts, which users open to bet against the memecoin dropping in value, got liquidated in the past 24 hours. This...

MOTHER, a memecoin launched by rapper/songwriter Iggy Azalea, stirred up a community-wide debate on X last week. Figures like Vitalik Buterin chimed in with their takes as MOTHER and other celebrity-launched memecoins made their way into the market as crypto prices rallied. Vitalik commented on a post about the MOTHER token, in which he stated, “I’m feeling quite unhappy about with “this cycle’s celebrity experimentation” so far.” Many took the opportunity to go back and forth about it. Iggy...