In Brief Meme coin trade volumes have dropped significantly from $30 billion to under $14 billion in just one month. Leading meme coins are showing flat performance, while a few outliers like FARTCOIN briefly overperformed. High-profile scams and declining market dominance have possibly led to reduced trader interest and lower sector performance. Data from across…
Read more
In Brief GraFun Labs has launched its memepad on the TON blockchain after integrating Ethereum, boosting the TON ecosystem’s meme coin growth. DWF Labs and GraFun have partnered to support token launches, yet its exact involvement in the TON integration remains unclear. TON’s ecosystem lags behind meme coin trends, but new launches and growing traction…
Read more
In Brief Solana is experiencing a surge in activity driven by the growing popularity of meme coin thay has pushed transaction fees higher. Over the past week, the high fee situation helped the blockchain network earn over $78 million in fees, surpassing rivals like Ethereum. Market observers have raised concerns about potential congestion and higher…
Read more
In Brief Shiba Inu has formed a cup-and-handle pattern on the daily chart, suggesting a breakout. The Money Flow Index rises, indicating that buying pressure supersedes bearish strenght If sustained, the current bullish momentum could drive SHIB’s price toward $0.000025. Shiba Inu (SHIB) appears ready to extend its recent gains, as the daily technical technical…
Read more
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…
Read more
In Brief Justin Sun’s Tron blockchain has embraced the memecoin trend through its SunPump platform. The platform has already launched over 5,500 memecoins and generated significant TRX revenue. Sun predicts the network will soon see a memecoin with a market cap exceeding $1 billion. Tron, the blockchain founded by Justin Sun, is now embracing…
Read more
In Brief Trump and Musk’s Twitter Spaces talk avoided crypto, disappointing many expecting mentions of Bitcoin or Tesla. MAGA-themed meme coins dropped sharply, with values falling by 15.58% and 27.35% after the talk. Trump’s strategic crypto engagement continues despite avoiding the topic in broad public forums. During a highly anticipated Twitter Spaces conversation on…
Read more
In Brief Donald Trump is confirmed to speak at Bitcoin 2024 in Nashville, sparking crypto market excitement. TrumpCoin (DJT), a newly minted Trump-themed meme coin, surged by 500,000x following the news. The former president’s crypto stance generates both enthusisasm and debate within the community. The organizer of The Bitcoin Conference just announced that former…
Read more
In Brief Shiba Inu’s price has been consolidated for the past month and might continue moving sideways. The meme coin failed to capitalize on the recent meme coin craze due to selling by investors. The altcoin also faces a resistance of $1.54 billion worth of SHIB that would become profitable after a 19% rally. While…
Read more
In Brief Crypto whale invests $10.4 million in PEPE. The transaction includes 1.238 trillion PEPE. PEPE’s value has risen 29.70% last month. A remarkable transaction has shaken the cryptocurrency market as a crypto whale reportedly invested $10.4 million into meme coin PEPE. This substantial investment, unfolding amid a surge in market activity, has triggered intense…
Read more
