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The launch of $HUMP sent shockwaves through the memecoin market, with its price skyrocketing over 20x from its initial price. This explosive growth is a serious contender to dethrone $WIF and $SLERF as the top SOL meme coin. The Rise of Solana Solana once again has reignited its potential by
Solana, known as one of the fastest and most efficient blockchain platforms in the world, is back in the spotlight. This time, the focus is on its meme token market, which has an intriguing hierarchical change. A token that may not be well-known, called Hump (HUMP), has surpassed Slerf (SLERF)
As the cryptocurrency market begins to recover from recent volatility, whales have been spotted making strategic moves in Solana memecoins, particularly $MEW, known as “cat in a dogs world,” and $SLERF. B3aTMg, a prominent player in the crypto sphere, recently withdrew 10,438 SOL ($1.54 million) from Binance to acquire a […]
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The post Get In Before Its Too Late! Top New Meme Coins to Join Today BTFDs 100% Bonus, SLERFs Surge, and GOATs Hype appeared first on Kanalcoin.
The meme coin market is filled with various types of coins. From OG Dogecoin to struggling Shiba Inu, the entry of the all-new SLERF, and the ever-steady BEFE, the meme market is in chaos, with investors betting on different coins to understand their potential. Who will rise above? Dogecoin When
Have You seen the craze around meme coins? – Do those digital assets inspired by internet culture and viral jokes make sense? Love them or hate them, meme tokens like Dogecoin and Shiba Inu have taken the crypto industry by showing their craze. But in this investing, how do you
Cryptocurrency traders constantly look for the next big project to yield significant profits. However, not all of their investments result in massive gains. A recent report by Lookonchain revealed that a trader lost more than $1 million within three days. Related Reading: Leading The Pack: Solana Captures Nearly 50% Of Global Crypto Attention When Buying High Doesnt Result In Selling Higher According to the blockchain research platform Lookonchain, a crypto trader lost 6,039 SOL over the last three days after FOMO-buying a memecoin. Per the report, the trader bought Slerf (SLERF) for 4,958 SOL, worth around $1 million. The different transactions occurred when the price hovered between $0.8 and $1.4 on its launch day. A couple of hours later, the trader sold its SLERF tokens, losing 2,793 SOL after the tokens price plunged to the $0.4-$0.6 range, for a loss of $564,000. This #FOMO buyer sold all $SLERF at a loss of 6,039 $SOL($1.15M) again. Then he deposited all his $SOL to #Binance and may no longer trade #MEMEcoins.https://t.co/ubHQwYoM54 pic.twitter.com/RIJkDF103C — Lookonchain (@lookonchain) March 21, 2024 Seemingly, the fear of missing out made the trader buy SLERF a second time when the price neared its all-time high (ATH) of $1.30. The address bought 3 million Slerf at $1.17, spending 19,133 SOL, worth around $3.152 million. At the time, the pending question was whether the trader would profit from this second attempt or lose more money. As Lookonchain reported, the FOMO buyer sold all their SLERF tokens at a loss again, losing 6,039 SOL, worth $1.15 million. The Slerf token, which has been all over the news for its dramatic launch, saw a significant price decrease of 52.39% from the ATH registered the day after launch. At writing time, SLERF is trading at $0.6351, an 18.4% decrease in the past 24 hours. oh fuck#Slerf #Slerfthesloth #slerfsup $slerf pic.twitter.com/MZes6fVjHN — Slerf (@Slerfsol) March 22, 2024 A second trader lost 3,731 SOL, worth $775,000, just one hour after buying 790,236 SLERF at its ATH price. The trader then doubled down on its bet and bought another 650,000 SLERF. Unluckily, the tokens price plummeted after both purchases. Is The Crypto Presale Meta Hand In Hand With FOMO? To paint an even bigger picture, another crypto trader lost money yesterday after buying a different ‘presale meta’ memecoin. Although the figures are more modest than the other two cases, this trader bought SMOLE and lost 371 SOL. Later, the address spent 2,549 SOL to buy SLERF. This guy always buys high and sells low. He lost money on $SMOLE twice in just 20 minutes, with a total loss of 371 $SOL($70K). Then he spent all 2,549 $SOL($484K) to buy $SLERF.https://t.co/X4aRpNrZuC pic.twitter.com/oZlWkyKD8B — Lookonchain (@lookonchain) March 21, 2024 SMOLE, despite only being out for one day, has already seen massive criticism and a 17.1% price drop. At writing time, the memecoin is changing hands at $0.0001499, a 70.39% decrease from its highest price of $0.0005086. As this might suggest, FOMO seemingly drives memecoin traders decisions during this presale meta. The trend has seen hundreds of millions of dollars sent to memecoins, most of which report millions in losses for investors. 2024 is a #FOMO #YOLO kind of year go for it ! pic.twitter.com/AT8iMZchdQ — Crypto Damus (@AstroCryptoGuru) March 20, 2024 Despite experienced traders being able to profit from this trend, the current numbers hint at a considerable amount of traders losing massive figures while trying to catch the next memecoin to go turbo parabolic, even if it doesnt have a long-term roadmap. Related Reading: Trezor X Account Hacked: How Much Was Taken In The Fake Crypto Presale? SOL is trading at $172.25 in the 1-day chart. Source: SOLUSDT on Trading.view.com Featured Image from Unsplash.com, Chart from TradingView.com
In a bold move indicative of the ever-changing landscape of the cryptocurrency market, a significant whale investor has reentered the Solana memecoin arena after facing setbacks in previous endeavors. Having incurred losses totaling $1.48 million in a pursuit to capitalize on the volatile nature of meme tokens, this formidable investor […]
In the past 24 hours, the price of the popular memecoin BOME on the Solana network has taken a significant hit, dropping by nearly 50%. Consequently, its current market value has plummeted below the $500 million mark. This downward trend hasn’t been exclusive to BOME, as other memecoins like PEPE, […]
The decision by the recently popular memecoin SLERF to select LBank Exchange as its custodian for the donation address has raised eyebrows within the crypto community. LBank has faced serious allegations of misappropriating user funds in the past, casting doubt on its reliability as a custodian. The recently popular MEMECOIN […]
The crypto market is down as most cryptocurrencies have registered red numbers for the past few days. Expectations of making big profits out of the bullish sentiment are momentarily halted. And while many patiently wait for the prices to rise again, others are seemingly looking for different options to make their bags. Related Reading: Introducing Book Of Meme (BOME), The Latest $1 Billion Crypto Sensation Crypto Presale Frenzy Sees Big Numbers The memecoin mania has been at the forefront of the market, stealing the spotlight since February. As a result, investors might see a window of opportunity to profit from these tokens. During the previous bull cycle, Dogecoin (DOGE) and Shiba Inu (SHIB) were at the center of the stage, with millions of dollars invested in the tokens. This time, the biggest memecoins by market cap are being outshined by some of the newer players. Dogwifhat and other Solana-based tokens have led the way during this leg, registering massive gains in the last month. Recently, the presale and launch of Book of MEME (BOME), which started as a small experimental project, saw its surge to a $1 billion market cap in a few days. The memecoin surge has now turned into a memecoin presale frenzy, with presale launching left and right after becoming the meta of the market. PRE SALE META pic.twitter.com/z02vQWnnhz — duss (@dussincook) March 18, 2024 The meta term, borrowed from the gaming community, refers to the Most Effective Tactic Available. As such, investors and scammers are equally attempting to take profit off the trend. Crypto investigator ZachXBT revealed on X that the current presale meta trend has raised $122.5 million since March 12. Taking the BOME project as a starting point, the crypto detective counted 27 different presales from Solana-based memecoins since that date. These projects raised approximately 655,000 SOL, according to the crypto sleuth calculations. I was interested to see how much SOL has been sent as a result of the presale meta and calculated >655,000 SOL ($122.5M) raised from 27 presales. pic.twitter.com/dvsW4TSoov — ZachXBT (@zachxbt) March 19, 2024 To put the numbers into perspective, ZachXBT highlighted that these figures only account for the projects on the Solana chain in the last seven days. This means that the calculations are only one part of the bigger image as the presales before March 12, and chains like Ethereum, Base, and BSC are excluded. Memecoins Raising Millions In Minutes The biggest raiser on the list was the SMOLE token by visual artist Dekadente. This project received 169,982 SOL during the presale and has seen notable support from the community. Similarly, the recently launched Slerf raised over 50,000 SOL. However, the token faced a dramatic launch after its creator accidentally burned the tokens reserved for the presale participants airdrop. Many of the presales raised millions in a matter of minutes, which hints at impressive participation from the crypto community. However, many suggest that the massive figures raised come from fabricated fomo and insiders sending sol that theyll eventually get back. Despite raising millions in SOL, the presale meta trend left investors with nothing. As the investigator highlights, many of the presales on his list have seen a hard rug or the tokens momentum quickly fading after launch. As a result, the presale participants investments vanished or diminished considerably. depends if you mean hard rug or just presale contributors down bad — ZachXBT (@zachxbt) March 19, 2024 Moreover, scammers have taken their chance to profit off the presale frenzy. Phishing scams under the presale posts have skyrocketed, with impersonating accounts trying to drain investors wallets or collect whatever amount people meant to send to the presale addresses. Members of the crypto community have expressed their concerns over the presale trend. Many crypto investors consider the trend might create memecoin fatigue, which could hurt the organic projects aiming for long-term stability. Related Reading: Shiba Inu Ecosystem Blooms: BONE Jumps 44% With $3 Target In Sight SOL is trading at $177.9 in the 1-day chart. Source: SOLUSDT on Trading.view.com Featured Image from Unsplash.com, Chart from TradingView.com
In the volatile world of cryptocurrency, a new Solana-based meme coin, Slerf, has made headlines for all the wrong reasons. In a shocking turn of events, the project’s developer accidentally burnt a major portion of the token supply, resulting in the loss of a staggering $10 million, leaving presale participants reeling. The admission of error […]
Meme coin season is back, and the charts are lighting up with some of the best new meme coins to join this month! BTFD Coin is gearing up for a massive breakout, COQ Inu is flying high with a 20% surge, and SLERF is making steady moves on Solana. More
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