The post Here is What to Expect from Bonk (BONK) & FLOKI (FLOKI) Price Rally in July 2024 appeared first on Coinpedia Fintech News
The crypto markets have become hopeful as Bitcoin price appears to have re-instated an accumulation phase after a minor upswing. Apart from the major altcoins, memecoins have quickly gained immense strength. While the top memecoins like Dogecoin, Shiba Inu, Pepe & dogwifhat prices are consolidating, Bonk & FLOKI prices have maintained a strong ascending trend. …
The post Roaring Kitty Acquires 9M CHWY Shares, CHWY Sees 22% Surge appeared first on Coinpedia Fintech News
Roaring Kitty has acquired a massive 6.6% stake in Chewy Inc., a prominent pet products retailer listed on NYSE as it acquired a whopping 9.01 million CHWY shares. This caused a notable 22% surge in Chewy’s shares during premarket trading. This acquisition worth over $245 million places Roaring Kitty as one of the largest shareholders …
The post Kronos; The First Public Company In the US To Accept Shiba Inu Payments appeared first on Coinpedia Fintech News
Kronos Advanced Technologies Inc becomes the first public company in the US to accept Shiba Inu payments for its products as disclosed by the company in a recent filing with the SEC. Currently, there are about 1.38 million SHIB wallet holders, who could benefit greatly from this development. With the incorporation of Shiba Inu, Kronos …
The post What to Expect from the Memecoins in the H2 2024? Will DOGE & SHIB Lead the Rally or the PEPE or WIF Maintain Dominance? appeared first on Coinpedia Fintech News
Ever since the crypto markets gained strength and triggered a healthy upswing, the memecoins have ranged within no time. Of all the tokens, WIF, FLOKI, and BOME prices have been displaying acute strength, while PEPE and BONK follow the trend. On the other hand, Dogecoin (DOGE) & Shiba Inu (SHIB) seem to be waiting for …
America’s largest crypto exchange, Coinbase has revealed plans to list popular doggy-themed cryptocurrency, Shiba Inu (SHIB) for its futures contracts. The exchange has submitted an official filing to the Commodity Trading Futures Commission (CFTC) to begin trading as soon as possible. Related Reading: More Than A Laugh: What’s Driving The Insane Growth Of Memecoins In […]
The post DogeCoin Community Celebrates As Musk Turns 53 appeared first on Coinpedia Fintech News
Elon Musk turned 53 today as the Dogecoin community celebrates this remarkable event. A Dogecoin team member reminded that Musk’s date of birth has some sort of link with Doge Day, as the Tesla CEO had once jokingly pointed out. Doge Designer reminded the community that the world’s biggest DOGE fan was born ‘69 days …
The sharp decline in Biden-themed Solana memecoins during the first presidential debate highlights the volatile intersection of politics and cryptocurrency markets, underscoring the potential for significant financial impacts based on political events and perceptions.
The post Biden-themed Solana memecoins fell sharply amid Biden-Trump first presidential debate appeared first on Crypto Briefing.
Cointelegraph approached professionals across Web3 to get their thoughts on the emergence of celebrity-backed meme tokens in crypto.
The post Memecoin Outperform AI-Tokens, WIF, BRETT & BONK Price Rises While DOGE & SHIB Consolidate appeared first on Coinpedia Fintech News
The start of the day’s trade witnessed the AI tokens leading the rally as AGIX & FET prices launched a 20% rise. As the trade progressed, the gains consolidated within a range, paving the way for the memecoins to gain the top spot. At present, the dogwifhat (WIF) price is leading the rally, followed by …
With the Bitcoin price drop from the $70,000 level to below $64,000, meme coins have understandably suffered as a direct result of this. During this time, meme coins, both large and small, have seen their prices drop significantly, raising concerns about whether the meme coin summer is over. However, going by previous crashes, there may […]
Memecoins are in red this week as most sectors of the crypto market struggle. Dogwifhat (WIF) has not been the exception. The memecoin sensation of Q1 saw a significant price drop following the movements of a whale. Recently, an address transferred millions of WIF to a crypto exchange, which ignited speculation about who was behind the transaction. Related Reading: LayerZero’s ZRO Token Airdrop Receives Backlash For ‘Proof-Of-Donation’ Mechanism 6 Million WIF To Binance On Friday, reports of a massive WIF transfer to Binance hit the crypto community. Per the report, one of the top dogwifhat holders moved millions to the largest crypto exchange. The whale transferred 5.97 million WIF, worth around $11 million, on June 21. Additionally, the address offloaded 48 million Trump Coin (DJT), approximately $500,000. After the news, the crypto community began speculating who was behind the transfer. Some users claimed the whale was crypto trader Ansem, who was very vocal about WIF. The trader was also part of the Las Vegas Sphere project, where users donated around $700,000 to project the token’s image in the Sphere. Users on X criticized Ansem for the alleged deposit, expressing their disappointment in his “capitulation”. Some investors took the opportunity to express their discontent with the trader for “grifting and dumping on investors.” The discussion sparked an important conversation: should Key Opinion Leaders (KOLs) not move their money? One user considers that Ansem, and all KOLs, are free to do what they want with their money. The user argued that KOLs are subjected to criticism regardless of their route. When people sell before you do, they are “jeet”. When KOLs sell some of their holdings or even move it around, they are “pump and dampers”. Several community members agreed and questioned if KOLs are “obligated” to hold a token until investors are happy with their profits. However, others argue that community members are “arbiters” of traders’ reputations. Dogwifhat Take A Blow, But Was It Ansem? Despite the rumors, online reports suggest the wallet is not linked to the crypto trader. After deep-diving into the address, a community member found that the address was not associated with Ansem. The post notes that the only reason it was linked to the trader was the large WIF balance and many Solana memecoins. However, the address has a record of selling their token at a loss “to FOMO into new shiny stuff.” Furthermore, the wallet seems to be linked to a now-deleted X account. At the time of writing, the trader has not acknowledged the rumors. After the reports, WIF’s price dropped from the $1.90 to the $1.80 price range. On the last day, the memecoin plunged from the $2.15 mark, representing a 13% decrease. Related Reading: Curve (CRV) Bounces 40% From All-Time Low As Whales Go On Shopping Spree The token has also seen a 25.3% and 36.1% drop in the weekly and monthly timeframes. Crypto analyst Bluntz forecasted a bearish $1 target for the dog-themed memecoin. Ultimately, the analyst stated that a descent to the $1 support level was “inevitable” before the “next parabolic leg.” As of this writing, WIF is trading at $1.83. Featured Image from Unsplash.com, Chart from TradingView.com
The post Memecoins in Deep Distress: While FLOKI, WIF, BONK, and PEPE Plunge Hard, It Could be a Good Buying Opportunity as Well appeared first on Coinpedia Fintech News
The bearish cartel launches a fresh attack over the crypto space and drags the BTC price below $65,000 for the first time in the past 40 days. Meanwhile, memecoins like FLOKI, WIF, & BONK price near double-digit losses. Here’s what to expect from these tokens by the end of the month. FLOKI (FLOKI) Price Analysis …
Meme coin market liquidity soared to $128M even as their altcoin market dominance saw a decline, latest data reveals.
The post Meme coin dominance in altcoin market plummets, latest data reveals appeared first on Crypto Briefing.
The post Massive 100 Million DOGE Transfer to Robinhood Sparks Speculation Amid Price Recovery appeared first on Coinpedia Fintech News
A huge 100 million Dogecoin, valuing $12 million, was transferred to Robinhood by the address “DF8jR”, which also has a record of more than 1,300 DOGE transactions. This is a major undertaking, which was tracked by Whale Alert, and falls parallel to Dogecoin’s price rebound to $0.125, following its recent decline. Naturally, questions have been …
The post Decoding the Possibility of Pepe (PEPE) Price Smashing a New ATH After the Latest Rebound appeared first on Coinpedia Fintech News
Pepe has gained immense attention in recent times after the splendid surge of over 1200% to mark a new ATH at $0.00001725. Unfortunately, this attracted huge bearish activity, which caused the price to drain by over 40% to mark the monthly lows at around $0.00000968. This move may have attracted the required liquidity, which assisted …
The post Trump Memecoin Fails to Secure Listings: Price Drops Dramatically appeared first on Coinpedia Fintech News
The team behind an official meme coin. inspired by former US President Donald Trump. is facing significant challenges. Despite their efforts, the meme coin has not been able to secure listings on major exchanges like Kraken, Bybit and OKX. Read on to discover the hurdles the meme coin is encountering and how these developments are …
Meme coins, the once-dismissed “joke” tokens, are rapidly solidifying their position in the multi-trillion-dollar scene. According to CoinMarketCap, meme coins now command a cumulative market cap of over $45 billion. Interestingly, they are on an upward trajectory as thousands of meme coins are minted predominantly on top platforms like Solana, Ethereum, and Base. Analysts and investors are taking notice as meme coins like BOME, PEPE, and Dogecoin boom. Most predict this subset of crypto will expand and become a core part of the industry in the coming years. Arthur Hayes Backs Meme Coins In a recent interview, Arthur Hayes, the BitMEX co-founder, joined the growing list of meme coin supporters. Hayes backed meme coins, stating that these tokens are increasingly gaining traction because of their simplicity. Unlike complex decentralized finance (DeFi) protocols or AI, they require no technical knowledge. Therefore, this feature and accessibility continue to broaden their appeal. This position also seems to resonate with Raoul Pal, who, in the same interview, added that meme coins are rising because of the cultural connection these tokens tag. As constructed, meme coins are meant to ride on internet hype and cultural relevance. Related Reading: Potential Downtrend In Play? TON Struggles As Price Falls Below $7.7 Therefore, their playful nature and relatable themes resonate with a global audience. In turn, this helps forge a strong connection with the trend, as evidenced by the popularity of the viral BODEN meme coin. More analysts are coming out to back these tokens. Earlier, one analyst said at least three of these tokens would each command at least $100 billion in market cap in the next crypto bull run. Dogecoin is the most valuable meme coin, with a market cap exceeding $20 billion. If Dogecoin, for example, rallies to command a $100 billion market cap, DOGE holders will massively benefit. As of mid-June, only Bitcoin, Ethereum, and USDT, a stablecoin, have market caps exceeding $100 billion. Despite its sharp expansion, even Solana is still perched at fourth, boasting a slightly over $66 billion market cap. Aptos To Take Over From Solana: A Meme Coin Host While Hayes backed meme coins, he predicted that Aptos would flip Solana to become the second largest and most active layer-1 platform after Ethereum within three years. Interestingly, this clashes with the current trend and Hayes’ position. Related Reading: Cardano Founder’s Pig NIKE Sparks Memecoin Craze, Market Cap Nears $1 Million Because of Solana’s high scalability and low fees, the platform is emerging as a home of meme coins, taking over from Ethereum. Even so, Hayes didn’t provide any explanation, saying all details will be made public in September. Earlier on, the BitMEX co-founder downplayed the threat posed by Solana on Ethereum’s lead. In his view, the first smart contracts platform has strength in its developer community and anchors decentralized finance (DeFi). Feature image from DALLE, chart from TradingView
The world of memecoins has entered a bizarre new chapter, fueled by the outlandish antics of celebrities and questionable financial ventures. The latest episode features rapper Lil Pump, whose recent social media activity has left the crypto community scratching their heads and wondering – is this a stroke of marketing genius or a recipe for […]
The celebrity memecoin mania has added a new player with the recently launched Daddy Tate (DADDY). The token, promoted by the controversial figure Andrew Tate, has gained traction, surpassing Iggy Azalea’s MOTHER. However, Tate is now accused of some concerning activity for crypto investors. Related Reading: Dogwifhat To Tumble? Analyst Sets $1 Target For WIF Andrew Tate Endorses DADDY On June 11, former pro kickboxer and controversial online figure Andrew Tate started promoting a new memecoin. The DADDY token was marketed as the direct competition to Iggy Azalea’s MOTHER, the most successful celebrity launch. Before he endorsed DADDY, Tate stated he held zero tokens but was aware there were hundreds of memecoins related to his likeness. Days later, he invited popular crypto trader Ansem to fight him in a boxing match, claiming this was “his cycle.” He also suggested that the loser donates $10 million to a token of the winner’s choosing. Tate’s approach received mixed reactions from the members of the crypto community. Content creator Jakey jokingly claimed that Crypto Twitter was the new YouTube. Another user stated, “Every day we get further away from god.” On Tuesday, Tate promoted the Daddy Tate memecoin, which was also received with mixed feelings and some criticism. The promotional posts targeted Azalea’s MOTHER while making sexist “jokes” and using domestic violence as a punchline. I heard about a coin called mother so now I’m supporting a coin called $DADDY to flip it for the patriarchy. We’re bringing the Gs back make me a fucking sandwich females. Tate’s Memecoin Called Out For Insider Trading On Wednesday, crypto analytics firm Bubblemaps accused the token of having “huge insider activity.” According to the firm, they found suspicious activity before Tate started promoting DADDY. Bubblemaps revealed that insiders allegedly bought 30% of the token’s supply at launch. On June 9, Daddy Tate’s team sent 40% of the total supply to the former kickboxer, which he promised not to sell. Additionally, he bought $10,000 worth of DADDY and burned it. Despite this, the token seems to “have a catch.” Per the report, 11 wallets are holding 20% of the supply. These wallets were founded through Binance with “nearly identical amounts at the same time.” Moreover, they bought the tokens, worth around $30 million, on June 9, before the team started to promote the token on X. The firm claims that the timing and amounts “strongly suggest” the wallets belong to the same group. Similarly, two other clusters hold an additional 10% of the supply and seem to be linked through a third wallet. Bubblemaps urged investors to remain cautious as the insiders “seem to be active on $DADDY and are trying to cover their tracks.” The firm warned that “one of these wallets could nuke the liquidity pool.” DADDY Surpasses MOTHER After Tate’s post about DADDY, the crypto community called him out for his posts. Some users suggested he returned when the token was a MOTHER’s level. At the time, Daddy Tate had a $45 million market capitalization and was trading at $0.1499. Nonetheless, DADDY gained traction on Wednesday, surging to $0.36. In 24 hours, the token increased by 143% to a new all-time high (ATH) and reached a $280 million market capitalization. This performance saw the memecoin surpass MOTHER despite the controversial promotion and insider activity allegations. Since then, the token has retraced to the $0.24 price level, a 32% decline in the last 12 hours. DADDY had a market cap of $240 million at the time of writing. Meanwhile, MOTHER saw a 46% surge on Wednesday, which propelled the price from $0.15 to $0.22. In the following hours, the memecoin’s price declined 36% to the $0.14 range before recovering. Related Reading: FET, OCEAN, And AGIX Drop 8% After ASI Token Merger Delay As of this writing, Azalea’s token is trading for $0.17 and has a market capitalization of $169 million. Despite retracing nearly 40% since its June 5 all-time high, MOTHER still exhibits a 1,900% increase from its launch two weeks ago. Featured Image from Unsplash.com, Chart from TradingView.com
Insiders sell over $15 million in BEER tokens, causing an 85% crash on the Solana network. Wazz reports control of supply led to the dump.
The post Solana token BEER crashes 85% following insider sell-off appeared first on Crypto Briefing.
Meme coins have received a high-risk score from Coin Metrics reports, underscoring the increased volatility and market manipulation within this market. The analysis conducted by Coin Metrics aims to spread awareness of the speculative nature of these digital assets, urging caution for investors considering jumping on the meme coin bandwagon. Report Flags Meme Coins As […]
The post Shiba Inu’s Massive Burns With Burn Rate Shooting 2,814% appeared first on Coinpedia Fintech News
Shiba Inu witnessed a massive burn of 7,912,388 SHIB tokens as the burn rate shot up to 2814%. At least 3 wallets were prominently featured in the burn rate jump, contributing more than 1 million SHIB each to the dead wallet. The biggest wallet helped incinerate a total of 4,320,587 SHIB. While Shiba Inu is …
The only thing worse than meme coins is complaining about the financialization of memes.
The post Base Meme Coin BRETT Reaches $1.9 Billion Market Cap with Meteoric Surge appeared first on Coinpedia Fintech News
A meme coin on the Base platform, BRETT, saw an increase of 445% in just 30 days, reaching a new all-time high of $0.1939 and a market cap of $1.9 billion. Strong community support and investor interest are believed to have influenced this surge. Currently, BRETT stands seventh among the largest meme coins, surpassing competitors …
Celebrity memecoins have been the talk of the town for the past two weeks. A trend that resurged at the end of May quickly became one of the biggest narratives around the crypto community. Related Reading: GMX Soars 20% Amid Crypto Whale Frenzy, Is It Back In ‘Turbo Mode’? The industry has seen controversies, rug pulls, and Vitalik Buterin’s thoughts on the celebrity token frenzy. In the phenomenon’s most recent development, WWE wrestler Hulk Hogan beefed with Australian rapper Iggy Azalea. Celebrity Memecoins A Week Later Despite the trend starting around May 20 with influencer tokens, celebrity tokens didn’t gain mainstream traction until reality TV star and Olympian Caitlyn Jenner launched her JENNER memecoin. Alongside Jenner, rapper Rich the Kid joined the crypto community with RICH. However, both tokens were surrounded by controversy after it was revealed that alleged serial scammer Sahil Arora was involved in the launch. Several other artists and personalities joined the crypto space to launch their memecoins, including Lil Pump, Davido, Trippie Red, and MoneyBagg Yo. Some of these launches appear to be linked to Arora’s scams. A week later, most celebrity memecoins saw a significant price decline or ended up as a rug pull scam. JENNER, which kickstarted the celebrity mania, is currently 81% down from its all-time high (ATH) registered on May 27. The Olympian’s token, described as “the goddess of Solana,” went from trading around $0.04273 to $0.009072. This significant decrease has also cut its market capitalization from its $30 million peak to $7.5 million. Hulk Hogan Wrestles MOTHER And Dumps His Fans On Thursday, former professional wrestler Hulk Hogan took X to announce the launch of his Hulkmania (HULK) token. The memecoin skyrocketed 500% within two hours and quickly reached a market cap of $17 million. The launch turned sour when investors found Hogan had sold his HULK bag and deleted his posts mentioning the token. In minutes, the token’s market cap plummeted to $2 million. During the hours that Hogan’s X account promoted the token, the retired wrestler seemingly targeted Azalea and MOTHER. In an X post, Hogan replied to Azalea, saying, “You suck at pumping. $HULK has the real milk.” Additionally, he shared two now-deleted Instagram posts beefing with the Australian rapper. In one of them, Hogan Azalea’s profile picture and captioned it, “Sahil does it best.” Before deleting all his HULK-related posts, Hogan shared an Instagram story claiming that he had been hacked. According to the post, none of the publications came from him and soon would be removed. Later, his X account was wiped completely, and Instagram comments were limited. The crypto community grew concerned as the mention of Arora’s name suggested his involvement in the scam. However, it remains unclear whether Hogan’s website, Instagram, and X account were all hacked or if the retired wrestler’s team was involved. Vitalik Buterin Vs Koala Vitalik? Earlier this week, Ethereum’s founder, Vitalik Buterin, criticized the ongoing celebrity token phenomenon. On X, Buterin stated he is “quite unhappy” with the crypto space’s celebrity experimentation. Buterin explained his concern regarding the launch of tokens with no purpose other than being a get-rich-quick scheme. Additionally, he suggested some features that celebrity memecoins should have for him “to be more willing to respect it.” The list included a “public-good goal that it’s serving.” To his criticism, Azalea responded by claiming that Buterin “was just hangry.” Moreover, she seemingly named a Koala after Ethereum’s founder. The rapper uploaded a video announcing the donations saved another Koala. Its name? Koala Vitalik. Azalea launched a “MOTHER fund” to help save Koalas infected with chlamydia. For the past week, the rapper has received donations in memecoins and several cryptocurrencies for the Koala cause. Related Reading: Get Ready For Altcoin Explosion: Anlayst Reveals Key Months For Massive Gains Additionally, Azalea is giving her token utility. The rapper launched a Mother merchandise store that accepts MOTHER as payment. Ultimately, the token continued to soar after reaching new ATHs and recently breaking above the $200 million market cap. Featured Image from Unsplash.com, Chart from TradingView.com
The post GameStop-inspired Meme Coins Rallies Over 100% Amid GME Stock Frenzy appeared first on Coinpedia Fintech News
GameStop Corp. Cl A (NYSE: GME) stock has experienced heightened volatility in the recent past, fueled by the majestic return of the famous meme stock trader Keith Gill, alias Roaring Kitty, after more than three years free from social media. However, the constant halting of GME trading on traditional exchanges has created an opportunity for …
Sahil Arora faces a ban from X due to memecoin scam allegations by celebrities, causing significant market cap losses.
The post Celebrity meme coin promoter Sahil Arora banned from X amid scam allegations appeared first on Crypto Briefing.
In a dramatic response to Donald Trump’s recent legal troubles, Trump-themed meme coins have experienced a significant drop in value. Following the former US president’s guilty verdict on 34 felony charges, the market has shown a sharp reaction, highlighting the volatile nature of these niche financial assets. The MAGA coin, which uses the ticker TRUMP, […]
The post Memecoins Tumbling Down, FLOKI, & Pepe Plunge Heavily: What’s Next? appeared first on Coinpedia Fintech News
The crypto markets are facing extreme bearish pressure as the Bitcoin price is slumping hard after losing the $68,000 support level. This has also compelled the other altcoins to undergo a notable pullback, in which the memecoins have taken the lead. The tokens which were leading the top performers now face massive pullbacks. Among them …
The post Shiba Inu Team Reveals New Update for Shiba Eternity appeared first on Coinpedia Fintech News
The Shiba Inu team has released a new update for Shiba Ethernity. The team has released v1.2.8, dubbed “Balancing Act”, which brings a plethora of enhancements to Shiboshis, especially balancing its powers. “See you in the Dogjo!” said the Shiba Eternity advisor, Mazrael, to invite players to explore the latest changes in Shiba Eternity. The …