Since the beginning of April, more than a million new tokens have been created, with over 370,000 appearing on Ethereum, owing to activity on Coinbase’s Layer 2 network, Base. Solana leads with the creation of over 640,000 new tokens, primarily meme coins. Base Sees Increased User Activity According to the data shared by Coinbase director […]
MarketVector, a subsidiary of the renowned American asset management giant VanEck, has launched the MEMECOIN Index. It has shown impressive performance, surging 195% in the past year and 137% since the start of 2024. This index aims to track the performance of six popular meme coins, such as DOGE, SHIB, and others. VanEck’s MEMECOIN Index […]
TL;DR Bonk Inu (BONK), a Solana-based meme coin, has risen by over 50% over the past two weeks, becoming the fifth-largest in its cohort with a market capitalization of almost $1.6 billion. Its growth has been bolstered by strong investor interest and listings on major cryptocurrency exchanges such as Binance and Coinbase. BONK Climbs the […]
TL;DR The meme coin sector has experienced significant growth, with Dogecoin (DOGE) and Shiba Inu (SHIB) leading, while newer tokens like dogwifhat (WIF) and Pepe (PEPE) gain traction through strong community support. Analysts remain optimistic about the realm’s potential, particularly post-Bitcoin halving, which has historically triggered market surges. Which Meme Coin May Join the Prestigious […]
A meme coin trader has reportedly cashed out over $22 million in profits from multiple positions in meme-themed tokens on the Solana blockchain. According to blockchain analysis firm Lookonchain, the actions of a trader identified as “paulo.sol” on the Solana Name Service account were flagged on April 26. Meme Coin Trader Profits Over $22 Million […]
ZachXBT has revealed that 12 Solana presale meme coin projects have been “completely abandoned” within the last month. This is after the projects collectively amassed $26.7 million from investors. Abandoned Solana Meme Coin Projects In an April 21 post on X, ZachXBT singled out these projects and warned investors against associating with any future projects […]
TL;DR Cat in a Dogs World (MEW), a meme coin on the Solana blockchain, has notably increased by 60% in a week, supported by new trading options on the OKX exchange and significant investments from large-scale investors. The potential for MEW to become the top Solana-based meme coin is uncertain, influenced by market trends and […]
Meme coin hype has dominated crypto social media recently as more seemingly worthless tokens were pumped over the weekend. Industry observer “L” told their 46,000 X followers on April 1 that it is “obvious” that the meme coin craze is retail-driven. “Meme coins are the clear indicator of whether retail is here. It’s obvious to […]
TL;DR Sam Bankman-Fried’s 25-year prison sentence sparked the creation of some meme coins like “Sam Baseman Fraud (FTX).” This phenomenon underscores the crypto community’s habit of launching meme coins tied to major news events, albeit with a cautionary note on their high volatility and investment risks. Sam Bankman-Fried, the founder and former CEO of the […]
TL;DR Solana-based meme coins could potentially outperform Shiba Inu, depending on market support and influential endorsements. Dogwifhat and Bonk Inu stand out for their recent gains and exchange listings, though overtaking Shiba Inu’s market dominance seems like a tough mission. What Needs to Happen? The meme coin sector has recently made serious waves, with its […]