Solana-Based Memecoin Rug Pulled By McDonalds Hacker, Market Cap Plummets 98%

The crypto ecosystem has seen a surge in memecoins and their popularity over the past year. Still, the craze has ushered in a wave of scams and rug pulls targeting unsuspecting investors. The latest victim of this trend is the Solana-based GRIMACE coin, which was the subject of a rug pull. GRIMACE Surges 400% After [...]

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New Memecoin Sensation Neiro Hits $200 Million Market Cap In Four Days

A new dog-themed meme coin has taken the crypto market by storm. Inspired by Kabosu owners new dog, Neiro, a new wave of Shiba Inu-themed tokens surged on Solana. However, Its Ethereum-based competitor has stolen the show with its stellar performance in the last four days. Kabosus Sister Sparks New Memecoin Wave Kabosu, the dog that inspired the legendary Doge meme, passed away in May. The beloved dog also inspired the flagship memecoin Dogecoin (DOGE), and a plethora of Shiba Inu-themed tokens. Its owner recently announced she had adopted Neiro, a 10-year-old rescued Shiba Inu dog. Related Reading: Ethereum Seeing High Exchange Outflows, But Watch Out For This Bearish Signal Following the announcement, the crypto community saw the launch of several tokens inspired by the dog. Most of these tokens were deployed on Solana, initially pumping to millions in market capitalization. On its first day, the largest Solana-based Neiro meme coin reached a $100 million market cap. However, it has since plummeted over 80% to a market capitalization below $20 million, possibly due to the overabundance of Neiro tokens on the chain. The token was also heavily criticized after online reports called out alleged insider activity from the developers. Blockchain data firm Bubblemaps revealed that the developers of the largest Neiro token deployed on Solana had control of 6% of the tokens supply and eventually sold it for $5.7 million. Since then, the meme coin has seen a massive 84% price drop, going from its all-time high (ATH) of $0.12 to trading at $0.019. Are The Dog Days Back? The Ethereum-based Neiro stole the show from its Solana counterparts. The token has seen remarkable growth in the last four days, hitting a $200 million market cap on August 1. Since its creation on July 27, Neiro has registered a 4,400% surge, shredding two zeros as a result. Additionally, the token reached a new ATH price of $0.20 after soaring 81% from the day before. Nonetheless, the developers of Ethereums Neiro have also been accused of insider trading. Following the massive surge, Bubblemaps alerted investors that the token allegedly is heavily controlled. According to the report, 78% of the memecoins supply was sniped at launch and quickly spread among 400 wallets. The firm revealed that the wallets had sold 12% of their holdings, around $4.5 million, by July 30. Investors seemed unfazed by the reports, with many calling the report bullish news. Others expressed excitement by the firms fudding, stating, A lot of the most successful memes require supply control. Related Reading: Solana Looks Ripe To Push Higher, Is A Mania-Like Rally To $600 Coming? Moreover, many investors consider the dog days are back and the Doge legacy continues with the Ethereum-based memecoin. To an X user, there are a few reasons why Neiros has become an overnight sensation, including its SHIB-like narrative, concentrated attention, and the return of dog meta that always dominates Ethereum bull cycles. As of this writing, Neiro is trading at $0.18, a 63% surge in the last 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com

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Football Takeover? Solana-Based Token Skyrockets 350% Following Messi and Ronaldinhos Promotion

On Monday, professional football player Lionel Messi promoted a Solana-based memecoin to his 504 million Instagram followers. The Argentine player shared a link to Watercoin (WATER), propelling the token by 350%. The crypto community has expressed concern about Messis endorsement of the project. Related Reading: Can Solana Hit $160? SOLs Resilience Sparks Rally Optimism Global Football Stars Promote WATER Lionel Messi, one of the best players in football history, promoted a Solana project named Watercoin. The football players Instagram account shared an image of Messi with the projects logo and a link to its Instagram page. Following the post, the memecoin surged over 350%, going from $0.00032 to $0.0015 in a few hours. WATERs market capitalization rose by 325%, surpassing the $100 million mark. Quickly, users expressed their concerns and doubts about the posts. Many speculated that Messi was a new victim of hackers who have restlessly targeted public figures social media accounts in this cycle. Nonetheless, Messis Instagram story has not been deleted as of this writing, and no official report of a hack has been made public, suggesting that the post was authorized. Additionally, several uses pointed out the football players previous endorsement of crypto projects. In February, the Inter Miami player announced his partnership with the Real-World Assets (RWA) tokenization platform. At the time, the platforms token PLANET saw high volatility after soaring by 1,500%. Moreover, the legitimacy of Messis promotion seems to be confirmed on Tuesday morning. Earlier today, retired Brazilian sensation Ronaldinho promoted WATER on his Instagram account. The post has the same format as his former teammates story, with a picture of the football player and WATERs logo. Is WATER Another Solana-Based Scam? Regardless of the posts legitimacy, the crypto community remains concerned about the project. Many users pointed out that the team behind Watercoin is the same team responsible for another Solana-based memecoin, Beercoin (BEER). As reported by NewsBTC, BEER crashed down last month after whales started selling large sums of the token. Seemingly, team-related wallets started cashing out, which plummeted the price and fueled deep concerns about the project. Since then, BEER has seen a 95% price decline. Like Beercoin, WATER is surrounded by insider trading concerns. Crypto analytics firm Bubblemaps urged users to remain vigilant of the Solana token. Per the post, insiders control 30% of WATERs total supply. It is worth noting that WATER raised over $40 million in presale and reached a $1 billion market cap after launching last month. However, the token seemingly experienced significant insider activity, which plummeted the tokens valuation by 97%. Related Reading: Notcoin Rises 80% Over The Weekend, Is A NOT Explosion Coming? Despite this, some market watchers believe WATER is starting to look solid based on its current trading activity. VikingXBT suggested that the token could double its price if it successfully flips the $0.0011 resistance level. At the time of writing, WATER trades at $0.00095, a 198% increase in the last 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com

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Solanas Celebrity Tokens Down 94%, MOTHER Community Defends The Memecoin

Recently, the crypto community saw the surge of a new memecoin frenzy with celebrity-endorsed cryptocurrencies. The Solana-based tokens registered massive gains but became pump-and-dump scams in most cases. Nearly two months later, most of these tokens’ prices decreased significantly from their all-time high days. However, the MOTHER community, one of the best-performing celebrity memecoins, defended [...]

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Analyst Warns Of A POPCAT Correction Following 230% Surge

The Solana-based memecoin Popcat (POPCAT) has been making the headlines for the past week after becoming the first cat-themed token to reach a $1 billion market cap. The token has surged over 230% in the past month, which propelled the token to a new all-time high (ATH). However, a crypto analyst has warned investors of [...]

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Dogwifhat (WIF) hits new monthly high after 40% price rally

WIF rallies to a monthly high after a 7-day bull run added 40% to the memecoins value.

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Dogwifhat jumps 16% WIF price eyes more gains as Solana ETF hype grows

WIF has entered the breakout stage of its prevailing BARR Bottom pattern, with Solana ETF hype furthering the memecoins upside outlook.

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Memecoin Fight: DADDY Surpasses MOTHER Despite Insider Trading Activity Allegations

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 Azaleas 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 Azaleas 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 winners choosing. Tates 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 Azaleas MOTHER while making sexist jokes and using domestic violence as a punchline. I heard about a coin called mother so now Im supporting a coin called $DADDY to flip it for the patriarchy. Were bringing the Gs back make me a fucking sandwich females. Tates 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 tokens supply at launch. On June 9, Daddy Tates 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 Tates post about DADDY, the crypto community called him out for his posts. Some users suggested he returned when the token was a MOTHERs 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 memecoins 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, Azaleas 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

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Crypto Traders Discuss Why Memecoins Have Been 2024s Most Profitable Narrative

Journalist and host Laura Shin interviewed crypto traders Ansem and Kel, known on X as blkoiz06 and Kelxyz, for her Unchained Podcast.  They discussed why memecoins had become the most profitable crypto trade this cycle and what the future might hold for the sector. Related Reading: Is The PEPE Dream Over? Dissecting The Factors Behind The Meme Coins Price Tumble Is There Value In A Memecoin? To begin with, Shin asked the traders whether there was substance in tokens based on memes, as it has been a big argument against them. To Ansem, people think too hard about the value of memecoins as projects. Moreover, he considers theres no real gain in comparing whether other altcoins deserve or have more value than meme-based tokens. Why Memecoins Have Been 2024s Most Profitable Crypto Trade: Ansem and Kelxyz Dive into the wild world of memecoins with @blknoiz06 and @kelxyz_! Discover how Ansem and Kel trade memecoins, the risks and rewards, and their predictions for the future of memecoins Plus, pic.twitter.com/QovysNwAGP — Laura Shin (@laurashin) May 7, 2024 Ansem further explains that the crypto community is very internet-centered, with its members being internet people since cryptos origin.  As a result, the community is knowledgeable about the financial aspect but is also knees-deep in online culture. The trader believes theres value in memes and culture on the internet. People in the community are “financializing” meme virality and realizing that its a possibility with crypto. Shin jokingly added that if this trend had been popular in 2016, the Drake meme creator would be a bazillionaire by now. The host seemingly referenced the still-popular meme that originated from Drakes Hotline Bling music video. Agreeing with this argument, Kel asserted that, over the last 20 years, many trillion-dollar businesses have capitalized attention as their winning trade businesses idea. All these trillion-dollar businesses () facilitate directing attention and the way theyve done that successfully has been, oftentimes, via memes. One could even make the argument that memes are the core engine of the entire Internet. The Risks And Criticisms Of Memecoin Mania To understand why memecoins have become the narrative of Q1 2024, the traders discussed the risks and arguments against the tokens. One of the biggest criticisms of memecoins is their high-risk nature. Because they are much smaller and not backed by institutional money, they can be riskier and more easily go to 0. Despite this, traders consider that many investors, especially new ones, find memecoins attractive because they have the potential to give 100x to 1000x returns. Moreover, losing money is not exclusive to memecoins. To illustrate his point, Ansem compared the people who bought Doges top to those who bought Bitcoin at $69,000 last cycle before it fell to $15,000. To the trader, how much a token can drop and investors buying the top is part of the general market dynamics instead of a characteristic of memecoins. However, he clarifies that there is better criticism of the sector. Ansem considers the shady behavior behind the projects teams a crucial issue to address. To him, a framework could prevent creators from controlling a large supply of the tokens and dumping them immediately after launch or rug-pulling investors. In the replies to the podcast, a user argued that the reason behind the recent frenzy is driven by the Financial nihilism and the lack of liquidity that the youth has. Adding that investors are Buying a mere coin is like a lottery ticket. It is worth mentioning that trading memecoins like lottery tickets is not an unseen phenomenon. On-chain research platform Lookonchain recently reported a trader seeing 4,906x gains in one day by precisely doing that. This guy won a 4,906x lottery ticket today, so lucky! He trades MEMEcoins like buying a lottery ticket, investing 0.1/0.2/0.3 $SOL for each #MEMEcoins. He invested 0.2 $SOL($30) in $AGORA today, then sold 2M $AGORA for $100K, with 959K $MILK(worth $47K) left. So he turned $30 pic.twitter.com/fnJDQnavfI — Lookonchain (@lookonchain) May 7, 2024 Per the report, the trader invests 0.1/0.2/0.3 SOL for each memecoin. Yesterday, the investor turned $30 into $147,000 by turning 0.2 SOL into 2 million AGORA. Whats In Memecoins Future? When asked what is in store for the sector, both traders concurred that memecoins are not going away. To Ansem, the community behavior towards memecoins is like that of NFTs last cycle. With NFTs, investors felt like they were part of a community and were working towards developing it. The shared experience of relating is another crucial factor in the craze of meme-based tokens, as seen in communities of tokens like Dogwifhat (WIF). Adding to that idea, Kel asserted that all memes will become coins in the next ten years.  Moreover, the trader wouldnt be surprised if the creation of a meme was natively financialized by then, as the trend of financialization of things continues to increase. Ultimately, he believes the sector is in the early stages of this trend as the community tries to capture the moment of a meme and capitalize on it now that crypto has made financialization trivial from a tech perspective. Related Reading: Dogecoin on the Rise: Over 5 Million Wallets Now Profitable As Potential Surge Looms Total crpto market is at $2.22 trillion on the weekly chart. Source: TOTAL on TradingView Featured Image from Unsplash.com, Chart from TradingView.com

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Lil Pump-And-Dump: SEC Issues Warning As More Musicians Dump Their Memecoins

The celebrity token frenzy seems to be the hottest topic of the week. The newly launched memecoins have been criticized by crypto community members as the tokens have been launched with massive controversy. After a week or so of pumping and dumping, the US Securities and Exchange Commission (SEC) issued an Investor Alert. However, the SECs warning didnt stop more musicians from joining the crypto festival of Q2. Related Reading: Solana Is For Baddies: Rapper Iggy Azalea Joins The Controversial Celebrity Token Frenzy SEC Warns About Celebrity Memecoins On Wednesday, the US SEC released an Investor Alert targeting memecoins. In the warning, the Commission alerted users about pump-and-dump and pre-sale schemes involving meme-based tokens. The SEC explained that fraudsters may create a memecoin and then tout it on social media. After pumping the price and selling to make a profit, investors see most of their money gone as the price rapidly decreases. The celebrity memecoins launch frenzy became a trend this past week. As a result, many mainstream media figures, influencers, musicians, and athletes have shown interest in the crypto space. In most cases, these celebrities start engaging with the crypto community right before promoting their soon-to-be-launched memecoins. Nonetheless, the recent trend has been particularly controversial since these figures have, for the most part, worked with an alleged serial scammer. Recently, celebrities and community members accused a man named Sahil Arora of allegedly orchestrating several pump-and-dump scams. Arora seemingly scammed investors and partners in every memecoin launch hes been involved with. Australian rapper Iggy Azalea launched MOTHER two days ago and claimed to have created the token to stop Arora from using her image on his scams. Moreover, Rich the Kid and Caitlyn Jenner have come out stating that the alleged scammer lied to them. Now, more musicians have joined the crypto festival of memecoins while being accused of dumping their fans. More Musical Acts To Headline Memecoinchella On Wednesday, crypto sleuth ZachXBT accused famous rapper Lil Pump of participating in a pump-and-dump scam. According to the internet investigator, the rapper shared and quickly deleted a post promoting his memecoin after the token was dumped. The post stated lil or big pump and tagged one of Aroras accounts. Lil Pump answered the allegations, claiming to never have made a token and accusing Arora of scamming him and his fans. Moreover, he seemingly sent proof to the crypto detective to prove his innocence. In the early hours of Thursday, the rapper claimed to have taken control of his accounts and the memecoin. Moreover, he distanced himself from the alleged serial scammer. However, ZachXBT shared some screenshots of a conversation between Lil Pumps team and the person managing the memecoin launch. According to the images, Pumps team was not aware of Aroras track record, but as the investigator explained, he still got partially paid for the scam. Additionally, his team hid the paid promo tag, which is an X requirement. ZachXBT pointed out that the rapper also did the same in 2022. Throughout the night, the internet sleuth listed several other artists who joined the crypto scam headlines. The list includes American rapper MoneyBagg Yo, Trippie Redd, and Davido. Giving A Platform To Scammers American-Nigerian singer and producer Davido was, alongside Lil Pump, the biggest topic on Wednesday night. The singer promoted his Davido token alongside figures inside the crypto space. Crypto trader Ansem held an X Space session with the music producer to discuss his project. According to online reports, the singer dumped over half of his DAVIDO holdings while on the X session. Lookonchain revealed that Davido made over 2,783 SOL, worth around 473,000, after selling 121.8 million DAVIDO tokens. Per the post, the singer received 7.5 SOL as start-up capital, which he used to buy 20.3% of the memecoins total supply. Related Reading: Keeping Up With The Memecoins: Caitlyn Jenners New Token Surges 50,000% Amid Controversy The community wasnt pleased with the crypto traders involvement in the incident. As a result, an important discussion was brought up by several community members. Many pointed out that platforming individuals, celebrity or not, who seemingly have no real interest in the space is predatory and dangerous. As pointed out by ZachXBT, leading the spaces provides credibility to them and gives celebs the platform to do this to people repeatedly. Featured Image from Unsplash.com, Chart from TradingView.com

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Solana Is For Baddies: Rapper Iggy Azalea Joins The Controversial Celebrity Token Frenzy

For the past week, a controversial celebrity token trend has emerged. Mainstream media figures began launching Solana-based memecoins and seemingly showing interest in cryptocurrencies. Related Reading: Is Solana Preparing For Liftoff Or Meltdown? Analysts Forecast SOLs Future The latest star to join the celebrity token frenzy is Australian rapper Iggy Azalea, who saw a controversial launch similar to Caitlyn Jenners JENNER token. Who Is Solana? On Monday, Azalea surprised the crypto community by showing interest in cryptocurrencies. The rapper and model posted on X asking, Who is Solana? I dont know that bitch. The post has gathered over 1.8 million views and caused controversy in different communities. Stan Twitter interpreted the post as a drag to American R&B singer SZA, which caused many fans to attack Azalea. However, the rapper quickly clarified the issue, replying, Girl, Im talking about crypto. After that, Azalea found her introduction to the crypto community overshadowed by the allegations of her involvement with alleged scammer Sahil Arora. As reported by NewsBTC, Arora was allegedly responsible for the launch of several celebrity and influencer tokens, which he ultimately rugged. Rapper Rich The Kid and Olympian Caitlyn Jenner called him out for scamming them and taking advantage of their followers. Both celebrities continued their crypto journey, promoting their tokens and engaging with community members. Following the scam allegations, Arora seemingly has continued to take advantage of crypto investors. Azalea is accusing the alleged serial scammer of using her image as the rapper distances herself from his practices. In The Fastlane From Music To Crypto Azalea explained that Arora and her team had a conversation regarding crypto, but her recently launched token was unrelated to him. Allegedly, Arora had fabricated fake screenshots and used the rappers name to raise over $380,000 in a presale for a token named IGGY. As an X user reported, Arora claimed to be working with the Australian rapper on Telegram. He stated that his next mega launch would happen in the next 12-24 hours. After raising 2.246 Solana (SOL), the alleged scammer told investors they would get automating WL to all further launches. Additionally, investors would receive a 10% SOL airdrop rationally from Aroras profits on each launch and an airdrop of $iggy when we hit $10m market cap. However, Azalea launched a different Solana-based token called MOTHER on Tuesday. The token references the LGTBQ+ culture term that got popularized in recent years in online stan culture. Azaleas token was launched only a few hours after Aroras IGGY token, which confused investors. After being asked, the rapper explained that she launched her Solana-based token to stop Arora from taking advantage of her name: I never had a date to, it was something I had interest in hence the convo with my ppl. He made a weird presale yesterday and said I was making a coin with him today so I decided to drop one so he couldnt use me for his weird scam. If I have a coin of my own figured his would die. Its that simple. The community continued questioning her links to Arora after posting an Instagram story with a man looking like him. However, it was later revealed that the individual was Azaleas brother, Mathias Kelly. MOTHER Beats IGGY According to Solana Floor, MOTHER reached a market cap of $50 million at its peak. The token soared by 63,000% in the following hours, going from $0.00004968 to $0.03179. In the last 16 hours, the token has amassed a trading volume of $126.8 million. At writing time, MOTHER is trading at $0.01634, representing a 21,000% surge from its launch price. Related Reading: Solana (SOL) Eyes a Strong Comeback: Will the Rally Ignite a Surge? In comparison, Aroras IGGY token saw its price soar to $0.009288 after launch before plummeting below the $0.00020 range. Currently, the scam token trades at $0.0001354 and has a market capitalization of $134,000. Featured Image from Wikipedia.com, Chart from TradingView.com

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Keeping Up With The Memecoins: Caitlyn Jenners New Token Surges 50,000% Amid Controversy

Over the weekend, the crypto community saw suspicious behavior from several X accounts. Crypto figures and celebrities were suspected of being hacked after some unusual posts promoting memecoins. Related Reading: PEPE Frenzy: 100% Gains In 30 Days, But Can The Memecoin Keep Its Composure? Among the celebrities, Olympian and reality TV star Caitlyn Jenner saw a turbulent launch of her JENNER token due to hack and back exit scam rumors. Despite the confusing start, the memecoin has soared by 50,000% since its launch. The Sunday Of Memecoins Launches On Sunday, the crypto community was on edge after a series of dubious posts were shared on different X accounts. First, crypto trader GCRs account was compromised. The hacker shared two posts promoting tokens, but the community quickly figured the posts were unauthorized.   Later in the afternoon, rapper Rich the Kid and Olympic athlete Caitlyn Jenner shared links to Pump.fun promoting two memecoins, RICH and JENNER. The media personality shared a picture with Former US President Donald Trump and the text Make America Great Again alongside the link to the token. The community suspected another security breach in both instances. Nonetheless, Jenner claimed the token was not a scam and continued to promote it on her X and Instagram accounts. Jenners manager, Sophia Hutchins, also posted a video explaining that the token and posts were real. Despite the clarification, the community remained cautious as deepfake videos have become more popular among scammers. However, there was some suspicious behavior during the launch, as it was later revealed. The Gold Medalist Of Scams? As the hours passed, crypto investors started to investigate Jenners token. According to community member CryptoRoxo, the TV stars team was socially engineered by a guy named Sahil. Per her post, Sahil Arora was the middleman in charge of launching the memecoins and advising Jenners team about crypto. After launch, Arora seemingly dumped all the tokens from the deployer wallet, and he had sniped more on burner wallets. Moreover, he asked Jenners team to share a post asking the public to send him tokens. As reported by Roxo, the lack of crypto knowledge allowed Arora to trick several celebrity and influencer teams in the past week. At the time of this writing, Rich The Kid has deleted all posts related to the token and has called out Arora and Caitlyn Jenner for scamming people. Additionally, he claims to be working on launching his token, which is unrelated to RICH and Arora. Keeping Up With Jenner Token  X user 0xPonga compiled the tumultuous price movement of the JENNER token during the launch. According to the post, JENNER reached an initial $2 million market cap, despite the initial concerns. After Aroras sell-off, the community reinforced their suspicion of the scam. However, Hutchins video seemingly raised the market cap to $8 million. The tokens price dropped after the deepfake allegations, but the market cap recovered past $20 million after Hutchins addressed the comments in an X Space. Jenners manager later hinted at the launch of a new token, which caused JENNERs price to plummet to a $6 million market cap. A community member stated his disbelief in Jenners willing participation in the pump-and-dump scam. He asserted, I refuse Caitlin is dumb enough to think the few thousand dollars she made off this is worth the millions in fines/jail time. Related Reading: Bitcoin Price Losing Steam: Market Momentum Slows Amid Trading Hesitation At the time of writing, Jenner’s alleged post asking for tokens seems to have been deleted. The Olympian has continued to promote her token, which will be listed on the crypto exchange MEXC this Monday. JENNERs market cap sits at $26.79 million and has a daily trading volume of $191.8 million. The memecoin has soared by 51,000% after surging from $0.00006 to $0.0392 in the past 17 hours. Featured Image from Pexels.com, Chart from TradingView.com

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Dogwifhat (WIF) Surges 10.4% Amid Whale Frenzy, New ATH Coming Soon?

The recent market pump saw the surge of many sectors in the crypto market. Fueled by Roaring Kittys return, part of the memecoin sector registered remarkable gains over the past week, with Tokens like Pepe (PEPE), Popcat (POPCAT), and Dogwifhat (WIF) leading the way. Related Reading: Floki Inu Frenzy: Memecoin Eyes New Highs As Open Interest Soars Due to its recent performance, some analysts forecast a new boost for WIF soon, while some whales load their bags with the dog-themed token. Whales Put Their Hats On Dogwifhats price soared after Roaring Kittys comeback, surging to $3.25 and prompting whales to fill their bags. However, the price fluctuations over the past week have made some large investors sell the dog-themed memecoin at a loss. After WIFs price dropped over the weekend, a whale sold 1.7 million tokens at a loss to buy BONK and the Donald Trump-inspired memecoin TREMP, the address initially bought WIF at $2.94 in March and sold it on Sunday at an average of $2.57. Nonetheless, the price drop was seen as an opportunity for other large-scale investors. According to Lookonchain, a whale created a new wallet to buy Dogfight. On Monday, the wallet withdrew 1.83 million USDC from Coinbase to buy the dog-themed token. At the time of the report, the investor had spent 606,000 USDC to buy 227,896 WIF at $2.66.  The wallet had 1.22 million USDC left to continue the buying spree. A few hours later, the whale had spent another 400,000 USDC to buy 145,000 more tokens. As of this writing, the address displays a total WIF balance of 472,614, worth around $1.28 million. Similarly, another whale created a new wallet to buy dogwifhat. Per the reports, this whale used SOL to scoop 1 million WIF, worth around $2.53 million, on Sunday. Since then, the address has added more tokens to his bag, currently holding 1.39 million WIF, worth $3.8 million. WIF Ready For A New ATH This Month? The recent whale activity seemingly fueled the tokens price to soar above $2.7, hovering between $2.7 and $2.73 in the following hours. The surge represents a 10.4% increase in the past 24 hours. Despite the recent performance, the token still registers red numbers in longer timeframes. WIFs price has decreased by 8.3% and 14.8% in the weekly and bi-weekly timeframes. Moreover, its daily trading volume has seen a significant 21.6% decrease in the past 24 hours. Nonetheless, market watchers consider that this cycles dog-themed sensation still has its hat on. Crypto trader Scient identified a bull pennant pattern on WIFs chart. Per the trader, the token is still consolidating inside the pattern. The tokens performance displayed another bullish sign indicating that this consolidation is ending soon after having a higher high followed by a lower high. Similarly, Ansem, a popular trader and figure in the crypto world, suggested that WIF could be preparing for new highs. Related Reading: Solana Blasts Past Resistance: Buckle Up For $330 Breakout Analyst To him, dogfight will reach a new all-time high (ATH) alongside Solana (SOL) by the end of the month? The breakout will end a 3-month period of bullish consolidation after the last leg up, lining with BTCs bullishness. Featured Image from Unsplash.com, Chart from TradingView.com

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By The Numbers: Over 1 Million New Crypto Tokens Launched Since April

The crypto community created over one million tokens across all chains in the past month, with Solana and Ethereum leading the crypto token frenzy. According to Coinbases director, these numbers doubled the tokens created in Ethereum between 2015 and 2023. Related Reading Over 22,000 New Crypto Tokens Created Daily Coinbases director Connor Grogan shared on [...]

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Cat-Themed Memecoins Growing Popularity: Traders Earn Millions With MEW and MOEW

The memecoin market has been dominated by dog-themed tokens for the past few years. Despite not being as popular and well-known as their canine crypto counterparts, cat-themed tokens are starting to appear at the forefront of the meme-inspired market. Related Reading: Memecoins Reign Supreme: CoinGecko Reveals Most Profitable Crypto Narrative Of Q1 Cats In A Dogs Crypto Market Memecoins can become a market sensation overnight, and their communities can be some of the most supporting investors, as seen with the Vegas Sphere wif on sphere fundraiser campaign. Dogecoin and Shiba Inu remain the biggest tokens by market capitalization in this category. About a month ago, eight of the ten largest memecoins by market capitalization were canine-inspired. Nonetheless, cat-themed tokens have started infiltrating the pack of dogs after a recently launched player made it to the top ten memecoins list. Cat in a Dogs World (MEW) launched on March 26 and just 48 hours later reached a $200 million market cap. MEW surpassed BONK, WIF, and PEPE as the fastest fair launch to accomplish this feat. MEWs market cap reached $644 million in just eight days, making it the eighth largest memecoin by this metric. Moreover, the token rallied over 50% on Wednesday after crypto exchange KuCoin announced its listing. Cat in a dogs world among the top 10 memecoins. Source: CoinMarketCap MEWs performance in the past seven days shows an impressive 267.54% surge. Despite this, the tokens rally slowed down today. The cat-themed cryptocurrency lost over 15% of its value from the day prior. At writing time, MEW is trading at $0.00737049. Similarly, its daily market activity took a hit, decreasing 35.3% to $208.4 million traded in the past 24 hours. What Are They Feeding Cat-Themed Memecoins? The growing interest in feline-inspired tokens has resulted in many newly launched memecoins quickly surpassing massive levels. On Wednesday, a new token called Ansems Cat (HOBBES), inspired by Hobbes, the cat of crypto trader Ansem, broke a $100 million market cap on its launch day. MOEW, a Base token launched on Wednesday, made the news after a trader turned $13,000 into $2 million in just one hour. According to data provided by Lookonchain, the crypto trader spent 3 ETH ($13,000) to buy 499.9 million MOEW, a 158x gain. Then, the trader sold 116 million MOEW for 99 ETH, around $328,000, when the rice surged. At the time of the report, the trader had 388.24 million MOEW left, worth over $1.7 million. In less than 1 hour, this guy turned $13K into $2M, a gain of 158x! He spotted $MOEW 10 minutes after opening trading and spent 4 $ETH($13K) to buy 499.9M $MOEW. Then he sold 111.65M $MOEW for 99 $ETH($328K). He currently holds 388.24M $MOEW, worth $1.76M. pic.twitter.com/DFRGOYh8ZM — Lookonchain (@lookonchain) April 3, 2024 Similarly, another trader made a profit on MEWs opening day. In 20 minutes, this crypto trader made almost $900,000 in profits from selling SOL and buying the memecoin. Nonetheless, the community has questioned these whale moves. Many wonder whether the cat-themed profits come from strategic trading or insiders from the projects. Whichever the case, cat-themed tokens are starting to make a sound in the crypto market. Ultimately, the crypto community has begun noticing potential in the feline-inspired coins. Related Reading: Dogecoin Hits Major Roadblock As Whales Go On Massive Selling Spree MEW's performance in the weekly chart. Source: MEWUSDT on Tradingview.com Featured Image from Unsplash.com, Chart from TradingView.com

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BONK, POPCAT and Solana memecoins stay green even as Bitcoin price drops

Memecoins in the Solana ecosystem defy the recent bearish downtrend in the crypto market by managing to generate double-digit gains.

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Cat-Themed Memecoin Surges 14.9% After Major Exchange Listing And Whale Frenzy

Memecoins have been the most popular narrative of Q1 2024, with dog-inspired tokens leading the pack. However, one memecoin has been jumping on the roofs and assuring everybody hears it meow. Cat in a dogs world (MEW) is a new player in the memecoin market, having been out for less than a month. In this short time, the token has left its clowder behind and joined the high ranks of the top ten memecoins by market capitalization.` Related Reading: Dogecoin Usurped: These Memecoins Overtake DOGE In Active Trader Count From The Roofs To The Ocean The memecoin started remarkably, with a 267.54% growth during its first week. However, MEW is not immune to the crypto market dynamics, as its rally has slowed down with the corrections of Q2. During the latest Bitcoin correction, MEW experienced a price drop of over 52%, going from trading at $0.00402 to as low as $0.00189 over the weekend, as seen in the chart below. A whale didnt miss the chance to profit from the dip and bought 479.6 million MEW on Sunday. MEW's perfomance followed Bitcoin's movements closely during the price correction. Source: Coingecko According to Lookonchain data, a whale withdrew 10,438 SOL, worth around $1.54 million, from Binance to buy MEW. The whale bought the cat-themed token at an average price of $0.0032, doubling its investment in 48 hours. At the time of this writing, the whale’s holdings are worth $3.12 million, and it has made over $1.56 million in profits. Moreover, after the first whale transaction, the tokens price began to recover from the drop, surging over 119% from its lowest point during the weekend as Monday started. Major Exchange Listing Boosts The Memecoin MEW continued its upward trajectory after being listed on one of the largest crypto exchanges by volume. On Monday, OKX announced the listing of popular token dogwifhat (WIF) and cat in a dogs world. After the announcement, the cat-themed memecoins price surged 38.22% before retracing to the support zone of $0.00450 as the day closed. Nonetheless, MEW stole WIFs hat, as the dog-themed sensation registered a 15.2% drop in the last 24 hours. New Spot Listing $MEW @Mewsworld and $WIF @dogwifcoin will be listed on #OKX! Deposits: OPEN $MEW Spot trading: 8:00 am Apr 15 (UTC) $WIF Spot trading: 9:00 am Apr 15 (UTC) More: https://t.co/zCnI8TDmnQ pic.twitter.com/OJffIqMGAt — OKX (@okx) April 15, 2024 The popularity of feline-inspired tokens has increased throughout 2024s Q1. Several cat memecoins launches offered massive gains to investors during the first days of Q2. Despite many of those gains being driven by the Solana memecoin frenzy, it appears that MEW holds stronger than others among the clowder. As Tuesday started, the token began to soar again, skyrocketing 21.3% in just one hour. MEWs market activity also rose 17.7% in the past day, with a daily trading volume of $227.6 million. Similarly, the token has become a hot topic, according to CoinMarketCap data. In an X post, the crypto data platform revealed that MEW was third as the most mentioned token in its CMC community. Cat in a dogs world is trading at $0.00634 at writing time, jumping 14.9% from yesterdays price. Despite being 38.3% down from its all-time high (ATH) of $0.00971, MEW registers a 60% surge in the weekly timeframe. Related Reading: Bitcoin Whales Showing Different Behavior From Past Cycles, But Why? MEW's performance in the three-day chart. Source: MEWUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com

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Dogwifhat (WIF) Flips PEPE As The 3rd Largest Memecoin After Hitting $4

Memecoins are again in the spotlight as some of the most popular dog-themed tokens performed remarkably during this bull cycle. Dogwifhat (WIF), Floki Inu (FLOKI), and Dogecoin (DOGE) have done impressive numbers this month. WIFs market capitalization skyrocketed to almost $4 billion, surpassing PEPE and taking third place as the largest memecoin in the market by this metric. Related Reading: Analysts Bullish On FLOKI As Price Surges 9.8%, New ATH Soon? Hats On, Is WIF Going To The Moon? Yesterday, WIFs price increased 32% in half a day, setting a new all-time high (ATH) of $4. Simultaneously, its market capitalization jumped from $3.04 billion to $3.98 billion, according to CoinMarketCap data, which represents a 30% increase in the same timeframe. This remarkable performance saw dogwifhat flipping PEPE as the third largest memecoin by market cap, now ranking just below Dogecoin and Shiba Inu (SHIB) in this category. Top 5 memecoins by market capitalization. Source: CoinMarketCap As reported by EmberCN, this performance gave wifto100billy.sol, the largest WIF holder, $134 million in unrealized profits. This whale bought 37 million WIF for approximately $9.33 million at an average of $0,248. When it reached its ATH price of $4, the wallet saw a 1440% gain on the inversion. Since then, WIFs market cap has decreased to $3.65 billion, which still represents a 15.25% increase from 24 hours ago and remains above PEPEs $3.82 market cap. $WIF approaching $4 like pic.twitter.com/SyXLRHUPnL — risicare (@risicare_eth) March 29, 2024 Similarly, WIF saw an 8.5% correction from its ATH price. At the time of writing, the token changes hands at $3.66, a 20% increase in 24 hours. Moreover, WIFs market activity skyrocketed by 70%, with its daily trading volume reaching $808.4 million. Dogwifhat Shows Organic” Growth, But Whats Going On With Memecoins Dogwifhat is one of the newest players in the market, and it has accomplished incredible achievements since its launch in November 2023. The token has amassed a loyal community that seems to be focused on bringing the project to the moon. After putting on their hats, WIF investors raised over $700,000 in a few days as part of its Las Vegas Sphere project, displaying the communitys extent. Furthermore, Cryptonarys CTO, Asad Saddique, revealed in an X post that Dogwifhat has recently reached 100,000 organic holders. WIF just crossed 100,000 holders no brute force or gamed bs i know bc ive manually tracked it daily since early dec pic.twitter.com/K1W4GHG98d — asad (@xbtcas) March 28, 2024 Nonetheless, the divisive memecoin presale frenzy has created a fear of fatigue from overexposure to these tokens, with some investors arguing that memecoins are taking a turn for the worse. Despite this, interest has not faded away. Ethereums founder, Vitalik Buterin, recently published a blog post titled What Else Could Memecoins Be? In the post, Buterin discussed the current state of the memecoins landscape and expressed his “disappointment” that innovation is not driving these projects to the market. Just this month, many controversies have surrounded the crypto community regarding memecoins, including the appalling launch of racist and antisemitic tokens. Undoubtedly, the memecoin market is broad, diverse, and full of enough potential that projects can develop and grow a strong community. Still, it appears efforts from projects working to be more than a meme are overshadowed by the controversial actors in the market. Related Reading: Shiba Inu Going To $0.0001: Crypto Analyst Reveals What Will Drive The Rally WIF is trading at 3.68 in the 1-day chart. Source: WIFUSDT on Tradingview.com  Featured Image from X.com, Chart from TradingView.com

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Crypto Analyst Touts Base As Next Memecoin Hotspot: Top 8 Picks

In an analysis shared with his nearly 100,000 followers on X (formerly Twitter), the crypto analyst known by the pseudonym Xremlin (@0x_gremlin) has pinpointed Base as the burgeoning hub for memecoin enthusiasts and investors. This proclamation follows a season of unprecedented gains in the Solana memecoin market, with tokens like BOME, WIF, and SLERF achieving returns ranging from 300x to 1000x. Xremlin’s insight into the crypto market dynamics suggests a potential replication of these astronomical returns on Base, underlined by a tweet stating, Meme traders on Solana printed millions this season: BOME: 800x, WIF: 1000x, SLERF: 300x. BASE season is just revving up, and might have a similar rally. Meme traders on Solana printed millions this season:$BOME: 800x $WIF: 1000x $SLERF: 300x$BASE season is just revving up, and might have a similar rally. List of memes on Base with 10-500x potential pic.twitter.com/wAs5hde0N9 — Xremlin (@0x_gremlin) March 21, 2024 The transition of focus towards Base is attributed by the analyst to its association with Coinbase and an upcoming product launch aimed at simplifying on-chain trading. Xremlin elaborates, “Why Base? Coinbase has a large user base in the US, but trading on-chain can be too complex for normies. Soon, Coinbase will launch a product that enables its CEX users [100M+] to trade on Base without requiring seed phrases or private keys.” This move is anticipated to significantly lower the entry barriers for new investors, potentially catalyzing a memecoin rally on the Base platform. Related Reading: Leading The Pack: Solana Captures Nearly 50% Of Global Crypto Attention However, amidst the excitement, Xremlin issues a word of caution to their followers: Remember: Investing in memes is high risk. Only bet what you can afford to lose. Projects might rug, slow rug, or suddenly tank by 50%-70% when the hype fades. This cautionary advice reflects the inherent volatility and risk associated with memecoin investments, where the line between significant gains and losses can be remarkably thin. Diving Into The Top Crypto Memecoins On Base Xremlin’s curated list of Base memecoins is not only varied but also rich with potential, highlighting projects inspired by cultural references, pets of notable figures, and even caricatures of industry leaders. Here’s a closer look at the analyst’s picks: TOSHI: Touted as a tribute to Brian Armstrong’s cat, named after the enigmatic Satoshi Nakamoto, TOSHI represents a playful investment opportunity. Xremlin notes, “TOSHI could be the flagship memecoin of Base, drawing on the crypto community’s reverence for Nakamoto and Armstrong’s influence.” DEGEN: With its strategic distribution to Farcaster users, DEGEN taps into a community already engaged and familiar with crypto, setting a precedent for community-driven value. DOGINME: This memecoin capitalizes on the popular phrase “Got that dog in him, embodying the resilience and tenacity celebrated in crypto trading circles. Related Reading: Hold Your Horses: Buying The Crypto Dip Is Still Too Early Warns Top Analyst Heres Why MOCHI and PONCHO: Both cat-themed coins seek to attract the attention of cat lovers, just as dog-themed memecoins such as Dogecoin, Shiba Inu and FLOKI attract that of dog lovers. MOCHI is based on Brian Armstrong’s pet. TYBG: Self-described as “The most based meme on Base,” it signifies the meta-culture of memes within the crypto space, where self-referential humor often garners substantial community support. BRIUN: A direct caricature of Coinbase CEO Brian Armstrong, BRIUN embodies the intersection of meme culture and crypto’s leadership, underlining the community’s penchant for satire. ELONRWA: Inspired by a sketch of Elon Musk, this project aims to bridge the gap between digital tokens and real-world assets, representing the innovative and often speculative nature of memecoin investments. Xremlin further emphasizes the importance of community and research in navigating the memecoin market: For those interested in researching Base memes, I recommend joining the /base channel on Warpcaster. Community insight is invaluable, and collective due diligence can help mitigate risks associated with memecoin investments. At press time, TOSHI traded at $0.000321653, up 210% in the last three weeks. Featured image from Shutterstock, chart from TradingView.com

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North Koreas Lazarus Group Tied to Bybit Hack and Solana Memecoin Scandals

ZachXBT links Lazarus Group to the $1.4B Bybit hack and memecoin scams on Solana, revealing complex money laundering schemes.

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