In Brief Bonk (BONK) becomes Solana’s top meme coin, surpassing Dogwifhat (WIF) with a $3.77B market cap after a 28% price surge. The BONK DAO announcement to burn 1 trillion tokens by Christmas Day increased scarcity, fueling its price and market cap rise. Bullish momentum could push BONK to $0.000055, but overbought conditions might cause…
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In Brief Following Elon Musk’s outrage over the death of Peanut the Squirrel, the PNUT meme coin hit a $130 million market cap. Data shows that both whales and retail market participants bought into the hype as the meme coin soared in three days. While, PNUT’s price initially hit $0.14, it has retraced and the…
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In Brief ENS price has marked a 7% decline in the last 24 hours, trading at $24.8. About $144 million of profits have been lost due to the sharp fall. ENS market top has been formed every time the profitable supply exceeds 90%. Ethereum Name Service (ENS) price has painted a red candlestick on the…
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Blockchain analytical firm Santiment reported that PEPE traders were converting their profits into Ethereum. Pepe’s (PEPE) market cap dropped below $1 billion in the early hours of today’s trading after the meme coin fell nearly 100 percent from its all-time high. During the most recent 24 hours, PEPE diminished by over 15% to exchange at…
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