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Crypto Exec Reveals Why Meme Coins Are The Next ‘Trojan Horse’ For Crypto Adoption

Maartje Bus, Vice President of Research at Messari, a prominent crypto market intelligence company, has declared meme coins as the Trojan Horse of the cryptocurrency space. She has highlighted their potential to foster massive adoption and increase engagement within the cryptocurrency space. 

Why Meme Coins Are Crypto’s Trojan Horse For Adoption

Speaking at BUIDL Asia, a global developer community in Seoul, South Korea, on Thursday, March 28, Bus gave a presentation on the emerging trends in crypto in 2024. The Messari crypto executive had primarily focused on the impact and potential benefits of meme coins in driving adoption within the crypto space. 

According to Bus, meme coins have become an integral part of the crypto market and are evolving towards potentially establishing themselves as a distinct asset class. The Messari executive has described these humor themed coins as a “Trojan horse” which could potentially facilitate the entry of new users into the realm of cryptocurrency, effectively boosting adoption.

During her speech, Bus disclosed that the introduction of these coins has successfully attracted the attention of both crypto and non-crypto enthusiasts. This is seen in the cryptocurrency’s ability to capture the attention of investors, utilizing its meme-based marketing strategies to fuel engagement while also providing opportunities for massive profitability due to its speculative nature. 

Bus believes that meme coins could be likened to a long tail speculative service like lottery tickets which attract investors seeking high risk, high reward opportunities. Additionally, owing to their relatively low price value, they cater to individuals across various income brackets, who are willing to take speculative bets in the hopes of securing significant returns. 

Moreover, according to the Messari executive, meme coins serve as a gateway for newcomers to the Web3 space, exposing them to fundamental crypto concepts like decentralization.  

The Growing Allure In Crypto Space

Lately, the rise in interest in meme coins has been growing at an exceptional rate, attracting both investors and traders from all over the world. This surge in interest has propelled meme coins in the spotlight, pushing their prices to unprecedented highs. 

Unlike traditional cryptocurrencies, which are backed by underlying projects and practical use cases, meme coins derive their value largely from their community and speculative appeal. Additionally, these cryptocurrencies offer a more approachable entry point into the realm of crypto investments, utilizing their affordability and susceptibility to social media trends and user sentiments to attract seasoned investors and newcomers alike. 

Crypto total market cap chart from Tradingview.com (Meme coins)

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Floki Inu Roadmap Reveals Plans For Regulated Bank Accounts, FLOKI Faces 17% Downtrend

The development team behind the dog-themed meme coin Floki Inu has unveiled its highly anticipated roadmap for 2024, revealing several upcoming features and utility-focused initiatives. 

Notable highlights include the launch of regulated digital banking accounts, integration with the Venus decentralized finance (DeFi) protocol, the Floki debit card’s introduction, and the Valhalla mainnet’s upcoming release.

Floki Inu Aims To ‘Bank The Unbanked’

Floki Inu plans to introduce regulated digital banking accounts, enabling users to create and fund bank accounts using FLOKI tokens. 

In partnership with an unnamed licensed fintech company operating in key jurisdictions such as Canada, Spain, Dominica, Australia, and the UAE, these accounts will support SWIFT payments and SEPA IBANs. 

In addition, the upcoming launch of Floki Debit Cards will allow users to link their digital bank accounts to debit cards, providing a convenient and secure way to spend their FLOKI tokens in traditional currencies such as Euro (EUR) and US dollars (USD). 

According to the proposal, the initiative aims to “bank the unbanked” by enabling a broader user base to access traditional banking services using their FLOKI tokens while increasing the utility and adoption of cryptocurrency.

Pending governance approval, Floki Inu also seeks to list its native token, FLOKI, on the Venus Core Pool. This integration aims to unlock deeper liquidity, comparable to established blue-chip cryptocurrencies and allow FLOKI holders to use their tokens as collateral to borrow various assets such as Maker (DAI), Circle’s USDC stablecoin, Binance Coin (BNB) and Ethereum (ETH). 

By integrating Venus Markets directly into Floki’s user interface (UI), the protocol states that users will have frictionless access to the liquidity provided by the platform, further integrating Floki into the decentralized finance ecosystem.

FLOKI-Powered Trading Bot And Valhalla Mainnet Launch

Floki Inu plans to introduce a cross-chain Telegram and Discord trading bot powered by the FLOKI token. This bot will allow users to buy and sell cryptocurrencies on leading blockchain networks. Specifically, 50% of the fees generated will be used to buy and burn FLOKI tokens, increasing their utility and contributing to a deflationary mechanism. 

Finally, the highly anticipated mainnet release of Valhalla, Floki Inu’s flagship utility and metaverse game, will occur. Valhalla on the Mainnet will feature on-chain game mechanics, a PlayToEarn economy, upgradeable NFTs, and an open-world experience. 

Floki Inu

As of this writing, the FLOKI token has experienced a correction of over 17% in the past seven days, aligning with the overall market trend. This correction has resulted in the current trading price of $0.0002295 for the FLOKI token.

Despite the recent downtrend, it is worth noting that FLOKI has still achieved a remarkable year-to-date gain of 440%. This substantial increase in value has propelled the token’s market capitalization to $2 billion, solidifying its position at the 59th spot among the top 100 cryptocurrencies in the market.

Featured image from Shutterstock, chart from TradingView.com

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Top 3 Solana Meme Coins To Buy Amid The Bitcoin Crash That Could 10x

As the Bitcoin price crash has ravaged the crypto market and left altcoins suffering, it has presented a unique buying opportunity for meme coins that may never come after this time. So here are the top 3 meme coins that could 10x your portfolio from here.

Solana-Based Myro Leads Meme Coins With Potential

Solana-based meme coins have been all the rave over the past year and with good reason as well. These meme coins have done so well in such a short time, coming up to compete with established Ethereum-based meme coins which have been around for years.

With the likes of WIF and BONK already crossing the $1 billion market cap market, the hunt is on for other Solana-based meme coins that could achieve this same feat, and that is where the Myro token comes in. Myro currently has a $200 million market cap, which makes it a prime candidate for crossing $1 billion. However, its most bullish developments have been its exchange listings.

Myro scored a Binance perpetual listing last month, which pushed its market cap above $400 million for the first time. It has since retraced, but this retracement is similar to what was seen with WIF, which fell back down to $180 million at a point. If Myro follows the WIF playbook, then its next leg up could see it rise more than 5x above the $1 billion mark.

Popcat: Another Solana Meme Coin On The Rise

Popcat is another Solana meme coin that has made waves in the space over the past few months. After a long stretch of consolidation, the price had eventually broken out in February to reach a new all-time high price of $0.37 in mid-March.

The price has since retraced a little over 50% since then and is now back to $0.17 with a market cap of $167 million. As with the majority of other meme coins, the total supply of the token is in circulation, which means there are no more unlocks coming up.

At the current market cap, reaching the $1 billion mark would be an over 500% increase for the meme coin. And with the bull market coming up, the price of Popcat could rally higher, bringing a more than 10x return for investors.

Wen (WEN) Meme Coin

Wen (WEN) is another Solana-based meme coin that has hit the crypto space in the last few months. Starting out as an airdrop for users of the Solana-based Jupiter decentralized exchange, it has quickly grown among meme coin investors as one of the more stable investments.

Just like the other meme coins on this list, the WEN token shows a lot of promise because it is still under a $200 million market cap. This puts it at an at least 5x move to $1 billion, with a possible 10x when it reaches the $2 billion market cap mark.

Solana price chart from Tradingview.com (Meme coins)

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Crypto Pundit Says God Candle Is Imminent For This Solana-Based Meme Coin

The crypto analyst who correctly called Dogwifhat’s (WIF) parabolic run has identified another Solana-based meme coin that could see a significant move to the upside. The analyst further suggested that WIF and this crypto token have striking similarities. 

A ‘God Candle’ Incoming For Myro Meme Coin

Crypto analyst Bluntz Capital mentioned in an X (formerly Twitter) post that it won’t be long before the Myro (MYRO) token sees a god candle. The analyst added that everyone would wish they had bought the meme coin when it finally breaks its current all-time high of $0.4 and “starts doing rapid multiples.”

In a previous X post, Bluntz had suggested that MYRO is the next Solana-based meme coin to take off following WIF’s run to the top. The analyst had correctly predicted that WIF would attain the heights it is currently at right from when it was still trading at around $0.29. Back then, he stated that the meme coin would go “turbo parabolic.”

Bluntz suggested that MYRO could follow a similar trajectory to WIF’s rise as he highlighted that both meme coins have the same chart pattern. MYRO, making a similar run to WIFs, could see it become the latest meme coin to join the billion-dollar club in terms of market cap. MYRO’s market cap currently stands at $340 million. 

Meanwhile, Bluntz isn’t the only analyst that MYRO could see a parabolic price surge soon enough. Crypto analyst Crypto Shadow also hinted that the meme coin will likely go “parabolic” soon enough. He believes this move to the upside will see MYRO rank with top meme coins like Dogecoin (DOGE), Pepe (PEPE), and FLOKI. 

Solana-Based WIF’s Insane Run

WIF, another Solana-based meme coin, is currently having an insane run, similar to the kind of run other top meme coins like DOGE and Shiba Inu (SHIB) enjoyed during their breakout year in 2021. As a result, WIF is currently enjoying a year-to-date (YTD) gain of over 1,700%, making it one of the most profitable crypto tokens since the beginning of 2024. 

WIF’s run has also seen it surpass BONK as the most valuable Solana meme coin, boasting a market cap of over $3 billion to BONK’s $2 billion. WIF now ranks as the fourth-largest by market cap, behind DOGE, SHIB, and PEPE. However, if it somehow sustains this bullish momentum, it could soon surpass PEPE. 

Bluntz previously mentioned that WIF will flip at least two meme coins in this market cycle (it already flipped BONK) and further suggested that it could rise to become the second most valuable meme coin, only behind DOGE. 

MYRO price chart from Tradingview.com (Solana)

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FLOKI Skyrockets To New All-Time High, Soaring 60% Following Two Major Listings

Web3 project and meme coin Floki Inu (FLOKI) has garnered significant attention in the cryptocurrency market. It has witnessed an impressive uptrend of over 630% in the past 30 days alone. As a result, it has soared to the 64th position in market capitalization, surpassing $2 billion.

This surge in price comes as notable digital asset firms, including DWF Labs, have recognized FLOKI as a potential long-term investment, resulting in a $10 million purchase plan. This move pushed FLOKI to a 9-month high of $0.00005097 on February 27th.

However, the cryptocurrency’s popularity has spread to other jurisdictions, and it recently hit an all-time high (ATH), trading at $0.0002043, coupled with a 58% uptrend in the past 24 hours. 

FLOKI Targets New Asian And Middle Eastern Investors

Coinhako, a regulated crypto exchange in Singapore under the Monetary Authority of Singapore (MAS), has endorsed FLOKI by listing the token among its tradable cryptocurrencies. In an official announcement, Coinhako stated, “The people’s cryptocurrency has reached Coinhako’s shores and is available to trade.”

The Floki Inu team expressed their excitement about the listing, highlighting that crypto users in Singapore can now buy FLOKI with SGD and USD on a regulated exchange. They believe this listing is a significant milestone that will accelerate Floki’s vision to become the world’s most recognized and widely used cryptocurrency.

In addition, the Floki Inu team has announced that the meme coin has been successfully listed on CoinMENA, one of the prominent crypto exchanges catering to retail and institutional clients in the Middle East.

CoinMENA is a licensed and regulated entity by the Central Bank of Bahrain and the Virtual Asset Regulatory Authority in Dubai, which aims to ensure a safe and compliant trading environment for investors. The team behind the project commented on the matter:

This is a MAJOR listing for Floki adoption and our goal to become the world’s most known and most used cryptocurrency as it introduces Floki to key and affluent players in the Middle East and Arab regions.

Massive Exposure In Times Square

The Floki Inu team has launched an “aggressive” marketing campaign to drive adoption further and attract additional investments. Starting from March 15th and lasting for three months, Floki will be featured prominently on a massive double-sided HD LED screen in Times Square Plaza, New York. 

This digital exhibition, located beside the Nasdaq billboard, will showcase a ten-second advertisement for Floki at least four times per hour, airing for 20 hours a day over 93 days. 

This campaign will deliver a minimum of 7,440 ten-second spots, taking advantage of Times Square’s daily foot traffic of 330,000 visitors and an annual influx of 50 million people. 

According to the announcement, the goal is to solidify Floki’s association with meme coins in people’s minds and take advantage of what the team expects to be the most “explosive bull run” in the crypto market.

FLOKI

Featured image from Shutterstock, chart from TradingView.com 

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Meme Coin Mania: Why Shiba Inu, PEPE, Dogecoin Are Far From Finished

As the crypto market experiences another wave of fervent enthusiasm, meme coins like Shiba Inu, PEPE, and Dogecoin have surged to the forefront of investors’ minds. With PEPE leading the rally at a staggering 371% increase, Dogwifhat (WIF) at 351%, FLOKI at 331%, BONK at 182%, and Shiba Inu (SHIB) at 177% over just the last seven days, the phenomenon has caught the eye of both enthusiasts and skeptics alike.

Meme coin mania

Why Shiba Inu, PEPE, DOGE Will Continue To Rally

Andrew Kang, co-founder and partner at Mechanism Capital, offered a deep dive into the dynamics fueling this unprecedented meme coin frenzy. Kang, sharing his expert analysis on X, articulates the foundational appeal of meme coins: “People are really calling top on meme coin season when BTC hasn’t even crossed ATH yet. Meme coins are a global shelling point for speculative liquidity.”

He stresses the accessibility of meme coins as a crucial factor in their explosive growth, positioning them as more globally accessible than any traditional stock. This accessibility, combined with a universal speculative interest, has led to Dogecoin’s significant outperformance compared to phenomena like the GameStop stock frenzy.

The historical context Kang provides is telling of the potential he sees in this cycle. “Total Meme coin market cap last cycle was $100 billion last cycle, and we usually get multiples on market cap highs every cycle,” he notes, suggesting that the current market conditions are ripe for surpassing previous records.

His insights reveal a broadening demographic of meme coin investors, including high-net-worth individuals, hedge funds, and even traditional financial institutions, all drawn in by the speculative allure and community-driven narratives of these assets.

Meme Coins Are A Skill-Based Lottery

Kang’s perspective on the meme coin ecosystem is particularly illuminating. He likens it to a “Skill-based Global Lottery Platform,” where success is part skill, part community effort, and part viral momentum. “We are going to reach some serious levels of mental retardation for memecoins this cycle […] And the more people that they get to buy the same tickets at them, the more likely they and their friends win – that’s the best feeling – winning together,” Kang elaborates. This communal aspect of meme coin trading, combined with the thrill of speculation, underscores the unique appeal of meme coins as both a financial instrument and a social phenomenon.

Expanding on the potential scale of meme coin growth, Kang draws an ambitious parallel with the global lottery industry, which boasted $300 billion in sales in 2020. “Now imagine the valuations of memecoins if a capital injection of that scale were to flow into them,” he muses, positing a future where meme coins command a significant portion of global speculative investment.

Kang also critiques the broader cryptocurrency market, suggesting that the complexity and niche appeal of many projects may limit their attractiveness to the general public. “The masses won’t care about the 4th liquid restaking derivative or whatever fancy new technology […] Memecoins are just a much more pure and upfront speculative vehicle,” he states, predicting that meme coins could outperform more technologically complex crypto assets by a wide margin.

The King Of All Meme Coins

A strong advocate for strategic investment in meme coins, Kang draws an analogy a Bitcoin investment for tradfi investors, suggesting that a small, measured allocation to meme coins could offer disproportionate rewards. “Advocating for a 1-5% portfolio allocation of memecoins is like boomers advocating for 1-5% portfolio allocation of BTC,” he says, emphasizing the blend of high risk and high reward that meme coins represent.

Highlighting Dogecoin’s unique position within the meme coin space, Kang points to its potential for real-world application and celebrity endorsements as key factors in its potential for dominance. “DOGE is the king of memecoins […] Elon is a people’s man and I doubt he keeps his silence on Doge/X payments much longer. […] Sam Altman has 1% float WLD and Elon has DOGE. It is obvious that the AGI will choose the more decentralized currency,” he suggests.

At press time, Shiba Inu traded at $0.00002642.

Shiba Inu SHIB price

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PEPE Ready To Make A Comeback? On-chain Indicators Have The Answer

The PEPE meme coin has seemingly faded into the shadow as new and exciting meme coins make it to the fore. This can be attributed to the likes of BONK and other Solana ecosystem meme coins that have taken the attention away from the Ethereum ecosystem. However, as excitement around these new meme coins begins to wane, expectations fall back to the leaders of the market, one of which is PEPE, who could be getting ready to make a comeback.

What On-Chain Indicators Say About PEPE

On-chain indicators are one way to know if investor interest is turning toward a particular cryptocurrency, in this case, PEPE. These indicators include things like Weighted Sentiment, Transactions Volumes, New Holders, etc. In this case, the focus is on the Weighted Sentiment, which measures sentiment across social media platforms to figure out how crypto investors are viewing a coin.

This indicator can be useful, especially in times like these when there are no clear indicators of where the price of a coin could be headed next. So, by checking what investors are saying about PEPE on social media platforms such as X (formerly Twitter), one can get a good idea of where the price may be headed next.

According to the Weighted Sentiment by the on-chain analytics tracker Santiment, PEPE is looking quite bullish. The indicator takes into account the mentions of PEPE on social media platforms over the past week, and it shows that there has been a significant uptick in the positive sentiment that is associated with the meme coin.

 

 PEPE

While it is not the highest that the indicator has been since the year began, it is still sitting at a considerably high level, suggesting a turn in the average sentiment. This also coincides with a drastic rise in the holdings of the largest PEPE whales, showing a willingness to accumulate at the current levels.

Daily Trading Volume Sees A Significant Jump

The Weighted Sentiment is not the only PEPE metric that has seen a significant increase lately. In the same vein, the daily trading volume for the meme coin has been on the rise as well. As data from CoinMarketCap shows, the meme coin’s volume is up approximately 62% in the last day, bringing it to $89.8 million at the time of writing.

Such a rise in volume can either point to buying or selling, but seeing that the PEPE price has managed to hold steady over this time period, it suggests that there is more buying than selling. Given this, it could point to bulls finally establishing support and marking $0.0000009 as a buy level.  If this general bullish sentiment continues, then the meme coin could be looking toward a recovery to $0.000001, which would translate to a 10% move from here.

Due to its decline over the last month, PEPE has lost its position as the third-largest meme coin in the space. It is currently sitting at fifth position behind the likes of BONK and CorgiAI.

PEPE price chart from Tradingview.com

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Solana Meme Coins: A Guide to Buying, Trading, And Profiting From SOL Investments

In the ever-evolving landscape of cryptocurrency, Solana has emerged as a prominent player, and within its ecosystem, meme coins are creating a buzz in the crypto community. Meme coin trading, with its inherent thrill of pump-and-dump scenarios, has gained momentum on Solana, driven by a surge in liquidity and recent airdrops that have propelled SOL prices. 

People who got the Pyth airdrop, the Jito airdrop, and the BONK airdrop need a place to dump and trade their free money, and Solana meme coins have given them the perfect avenue to do so. 

This comprehensive guide aims to walk you through the intricate process of acquiring SOL and navigating the exciting world of Solana meme coin trades, emphasizing key considerations for successful and profitable transactions.

Understanding The Landscape Of Meme Coins

Before delving into the specifics, let’s briefly understand the unique landscape of meme coin trading on Solana. Unlike traditional cryptocurrencies with established utilities and roadmaps, meme coins often lack such fundamentals. Don’t expect a life-changing technology that is supposed to change the crypto game. 

These meme coins thrive on community-driven speculation, making them a double-edged sword for traders – an opportunity for exhilarating gains or potential losses. It’s a game of rug, loss, or victory. The moment you start trading, you either make a profit or you lose. 

Acquiring SOL for Meme Coin Trades

For those new to Solana meme coin trading, the journey begins with acquiring SOL, Solana’s native cryptocurrency. Popular exchanges like Binance, Kucoin, and Bybit offer a gateway to obtain SOL. 

Once secured, the next step is transferring it to a compatible Solana decentralized exchange (DEX) wallet, such as Phantom Wallet. You can add the wallet to your computer’s browser as an extension or download the app directly to your device.

Phantom wallet

The SOL price has been trading pretty high since trading activities have been increasing, thanks to the meme coin trading. The last bull run saw the SOL price increase driven by an increase in NFT trading; this time around, it’s meme coins.

Identifying Profitable Meme Coins

With SOL in your Phantom wallet, the focus shifts to identifying promising meme coins. Platforms like Solana Dexscreener become invaluable, allowing you to track meme coins specifically on the Solana chain. 

Solana chain

Look for meme coins with lower market caps – an indicator that can significantly amplify profits during pump phases. Their names sometimes help, as meme coins with controversial names also help boost the chances of increasing the price or attracting people into trading them. 

Navigating Social Signals To Buy Good Coins On Solana

Beyond market cap considerations, a crucial aspect of meme coin trading is community engagement. A vibrant community can drive trading activity, contributing to a coin’s success. Check X (formerly Twitter) and other social platforms for discussions around the meme coin of interest. 

An active community that posts updates and engages with its audience adds credibility to the project. People get more excited and motivated when they keep seeing people talk about them, this is where the FOMO (Fear Of Missing Opportunity) comes into play. 

Guarding Against Rug Pulls On Solana Network

While pump and dump dynamics are inherent in meme coin trading, the specter of rug pulls adds an extra layer of risk. A rug pull occurs when the creators of a meme coin remove liquidity, rendering the coin untradable and leaving investors with a worthless asset.

Rug pulls often go undetected until they happen, making due diligence crucial when selecting meme coins for trading. You can never be too careful about them, this is why it’s advisable to trade with what you can afford to lose.

Additionally, there are scanners that provide some layer of security for investors by carrying out a rudimentary rug pull check. They check for common features of rug pull and honey pot contracts such as the inability to sell after buying, high taxes on transactions, etc. Examples of these tools include the Smart Contract Scanner by De.Fi.

Solana smart contract scanner

Choosing the Right Solana DEX

The Solana ecosystem boasts various decentralized exchanges, each with its unique features. Jupiter Exchange, Raydium, Birdeye, and Orca are among the prominent options. Platforms like Birdeye also provide charting capabilities, simplifying the decision-making process for traders. 

Solana trading meme coins

Some of the charts make trading meme coins easier as they have the contract addresses of the meme coins, but to be sure, it is advisable to check their Twitter because they can be fake copies of these meme coins that might want to take advantage of the meme coin hype and rug. 

Executing Your First Solana Meme Coin Trade

With SOL secured in your phantom wallet and a meme coin identified, it’s time to execute your first trade. Obtaining the contract address from the meme coin’s Twitter page is an essential step in the trading process. 

Connect your Phantom wallet to the chosen Solana DEX, input the contract address where you are supposed to swap for SOL, and initiate the swap, converting SOL to the selected meme coin.

buying meme coins

Alternatively, utilize Dexscreener to locate the “Trade On X” icon, where “X” represents the DEX for the Solana meme coin. A click directs you to a tab where the contract address is pre-filled, streamlining the trading process. 

This makes it easier to trade, and saves you time, should, in case, you want to trade at launch to catch the best prices. 

Risk Management And Future Trades

Prudent risk management is essential in meme coin trading. Avoiding the “MAX” button ensures you retain SOL for transaction fees during future trades. Consider allocating a portion of your SOL rather than risking the entire amount, providing flexibility for subsequent transactions. Remember to always trade with what you can afford to lose, so you don’t lose all your money.

Monitoring And Expanding Your Solana Portfolio

Congratulations, you’ve completed your first Solana meme coin trade! Now, whether you choose to monitor the chart for price progress or explore additional meme coin opportunities on Dexscreener, stay informed. 

Analyze trading activity, distinguishing between buying and selling actions – greens for buying, reds for selling. This analysis aids in making informed decisions, allowing you to stay ahead in the dynamic world of meme coin trading.

Conclusion

In conclusion, navigating the realm of Solana meme coin trading requires a blend of market awareness, community engagement, and strategic decision-making. By understanding the fundamentals, conducting thorough research, and implementing sound risk management practices, you can unlock the potential for profitable meme coin trades on the Solana blockchain.

As the crypto landscape continues to evolve, staying informed and adaptable will be key to success in this dynamic market. Happy trading!

Solana price chart from Tradingview.com

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Top 3 Meme Coins Under $50M Market Cap That Could Make You A millionaire Like BONK

Solana-based BONK has emerged as one of the best performers over the past week even after meme coins put on a good show for investors. However, given that the meme coin has since crossed the $1 billion market cap threshold, some will argue that the potential to make a lot of profit has diminished already, leading to a hunt for other meme coins that could end up putting on a similar rally. So here are the top 3 meme coins under a $50 million market cap that could see a lot of upside in the right conditions.

Doge Killer (LEASH) Tops List Of High Potential Meme Coins

The Doge Killer (LEASH) coin is the brainchild of the Shiba Inu team which made its name as the OG ‘Dogecoin killer’. As the Shiba Inu ecosystem expanded, so did the potential, and a number of tokens have since made their way out from the team, including BONE and LEASH.

However, while Shiba Inu and BONE have since crossed the $200 million market cap mark, LEASH remains the lowest-rated SHIB ecosystem token in terms of market cap. Putting it in contrast with the performance of its predecessors, the LEASH token shows a lot of promise, especially in a bull market.

It is one of the most popular meme coins still under a $50 million market cap, meaning that there could be at least a 10x increase expected from here. This makes LEASH a good opportunity for investors looking for smaller cap meme coins.

Wojak (WOJAK) Meme Coin Rides PEPE Hype

Wojak (WOJAK) was one of the many meme coins that made their way out of the woodwork following the PEPE pump earlier in the year. But unlike many others, WOJAK has persevered after securing multiple centralized exchange listings.

Following the decline in the meme coin prices over the last few months, the WOJAK market cap fell drastically. Currently, it is sitting at a $23 million market cap, while PEPE’s market cap is still over $400 million. In the event of a PEPE rally, the chances of WOJAK making a run for it are high. So there could be a 10x opportunity with this coin.

Solana-Based Myro (MYRO) Enters The Scene

Following the success of BONK, Solana-based meme coins have been making a killing in the market, but none have seen more success than Myro. The Myro meme coin previously rallied to a $50 million market cap. However, it has since corrected and is trading at just $35 million at the time of this writing.

If the Solana ecosystem outperformance continues, Myro could follow in the footsteps of BONK as more money flows into the ecosystem. Reaching even a $400 million market cap would mean more than 10x its current price, making it a good meme coin to keep an eye on as the market develops.

Crypto total market cap chart from Tradingview.com (Meme coins BONK)

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Solana-Based Meme Coin Outperforms Dogecoin, Shiba Inu To Become 3rd-Largest

BONK, a Solana-based meme coin, has continued to outperform the likes of Dogecoin and Shiba Inu over the last week. As the SOL price has rallied, so has its ecosystem coins continued to rise. This has led to a Solana-based meme coin becoming the third-largest meme coin in the space.

BONK Meme Coin Beats Out PEPE For Third Place

Despite BONK debuting on the meme coin scene months before PEPE, the latter had been able to quickly capture a larger market share and eventually became the third-largest in the space. PEPE would maintain this dominance for months, even after an over 60% decline from its all-time high. But it seems that dominance has come to an end.

Over the last week, the BONK price has continued to rally, eventually rising above $0.000012. This put its market cap above $700 million, eventually beating out PEPE’s market cap. For context, the PEPE market cap is currently sitting at $650 million compared to BONK’s $717 million.

In the same vein, the BONK meme coin has also outperformed the top 10 meme coins by market cap. In a one-week period, BONK has risen 192% compared to PEPE’s 40% and FLOKI’s 27%. Even 9GAG’s Memecoin (MEME) falls behind with 41% gains in the 7-day period.

BONK’s price has risen 40% in the last 24 hours alone and its trading volume has not been left out of the action. Currently, the BONK daily trading volume is sitting at $213 million which is a 119% increase from its previous day’s figures, data from CoinMarketCap shows.

Solana-based BONK price chart from Tradingview.com (Dogecoin Shiba Inu)

Dogecoin And Shiba Inu See Positive Headwinds

Despite not seeing a performance as good as BONK, other meme coins such as Dogecoin and Shiba Inu have also been seeing positive headwinds. Both assets have performed quite well in the last seven days as DOGE rose 15.4% and SHIB rose 20.1%.

There are also other metrics that are driving the positive headwinds for these assets. For Shiba Inu, its volatility has remained high which has historically been a bullish thing for the price. If this holds, then there could be more rallies to come.

Then for Dogecoin, multiple upcoming events could trigger a price rally. First is the Dogecoin moon mission which is taking a physical DOGE coin to the moon in December. Then in 2024, the DOGE-1 mission is expected to take off and it is the first space mission fully funded by crypto and paid for entirely in Dogecoin. DOGE’s open interest has also been on the high side, something that has often been a signal of a rally in the past.

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Solana’s BONK Climbs To 3rd Place In Dog Coin Market Cap, Leaving FLOKI Behind

In recent weeks, the Solana (SOL) blockchain has been making waves in the crypto world, with its native token SOL experiencing a remarkable uptrend of 46% over the past 30 days. Alongside this surge, Bonk Inu (BONK), the first Solana-based meme coin, has gained significant traction, solidifying its position as the third-largest dog coin by market capitalization, surpassing Floki Inu (FLOKI).

BONK Rockets To New Heights With 845% Surge In 30 Days

The staggering growth of Bonk Inu is evident in its recent performance, achieving an impressive 845% gain over the past 30 days. The meme coin’s remarkable ascent has propelled it to new yearly highs, while SOL experienced a slight pullback from its peak of $65 on December 2.

Despite the temporary setback for SOL, the bullish momentum and renewed interest in Bonk Inu have caught the attention of market participants. 

As of now, BONK is trading at $0.0000069712, outperforming the broader crypto market with a remarkable 22.4% uptrend in the past 24 hours, aligning with the positive sentiment surrounding Bitcoin (BTC) and the overall market.

BONK

With a market capitalization of approximately $430 million, Bonk Inu currently sits in third place among dog coins, trailing behind the likes of Shiba Inu (SHIB) and Dogecoin (DOGE), which boast market caps of $5 billion and $12 billion, respectively.

CoinGecko data reveals that BONK has witnessed a significant 24-hour trading volume of $65,235,205.16, indicating strong investor interest and active participation in the market.

BONK

The future trajectory of Bonk Inu’s uptrend and its potential for further gains remains uncertain. However, should BONK continue to attract investors, it has the potential to dethrone Pepecoin (PEPE) in terms of market capitalization. As of the latest update, PEPE has achieved a market cap of $592 million.

However, it is important to note that Bonk Inu still has a significant gap to bridge to catch up with the largest dog coins in the market in terms of market capitalization, namely SHIB and DOGE. SHIB and DOGE have demonstrated substantial gains and already possess staggering market capitalizations.

Dog Coins Make Strong Push For Year-End Gains

The altcoin SHIB, built on the Ethereum platform and known for its Shiba Inu mascot, continues to demonstrate consistent gains across various time frames. 

Notably, SHIB has seen a 14% increase over the past fourteen days and an 18% surge over the past thirty days. These positive trends have allowed the dog coin to achieve a slight year-to-date profit of 0.2% after experiencing a significant downturn in 2022.

Presently, SHIB is trading at $0.00000946, representing a decline of more than 89% from its all-time high (ATH) of $0.00008616, reached in October 2021.

Meanwhile, the meme coin DOGE, which has the backing of Elon Musk, is currently trading at $0.09058. It has witnessed an 18% rise over the past fourteen days and nearly 30% growth over the past thirty days, following a sustained upward trend that began on November 21. 

BONK

However, in contrast to SHIB’s price action, DOGE has experienced a 12% decline year-to-date and an 87% drop from its ATH of $0.731578 reached in May 2021.

It remains to be seen whether the dog coins will continue to experience further gains throughout the remainder of the year or if a healthy pullback will occur to surpass upper resistance levels for another upward movement.

Featured image from Shutterstock, chart from TradingView.com 

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Dogecoin Vs. Shiba Inu: Which Meme Coin Is More Profitable For Holders?

DOGE and SHIB holders have had different things to talk about in the past month. As two of the most popular meme coins, Dogecoin and Shiba Inu seem pretty similar at first glance. Both digital assets have pushed themselves to the very best as they look to upgrade from the meme token status. 

Everyone seems to have an opinion on which one will make holders more money, but on-chain metrics reveal different victors for different time frames. According to IntoTheBlock’s profitability metric, more DOGE holders are making money since the launch of both assets. On the other hand, SHIB dominates in terms of profitability in relation to the present market price.

How Dogecoin And Shiba Inu Holding Up?

When it comes to profitability, Dogecoin has proven itself to be the top meme coin for holders over the long run. Despite being a meme coin, the crypto has grown to create a strong community and is one of the top 10 in terms of market cap. Shiba Inu has also closely followed behind in terms of growth, with constant updates to its ecosystem in hopes of creating real-world value for its holders. 

In terms of price action, both cryptocurrencies have had similar gains in the past month. DOGE is up by 24% while SHIB is up by 21.5%. However, on-chain data shows a varying level of profitability for traders.

IntoTheBlock’s profitability metric follows wallets that are “in the money,” “at the money,” and “out of the money.” “In the money” tracks those making a profit at the current price while “out the money” tracks those encountering losses. 

According to the Global In/Out of the Money, around 49% of holders are making money at DOGE’s price of $0.07394, while only 22% of SHIB holders are making money at its current price of $0.000008523. This is not surprising, as DOGE has existed for a longer time and has a higher market cap.

Dogecoin

Shiba Inu

However, IntoTheBlock’s In/Out of the Money Around Price metric tells a different tale. This metric tracks addresses that bought around the current market price. According to this metric, 49.13% of DOGE addresses that bought between $0.062467 and $0.085278 are making a profit at the moment. 

On the other hand, a better portion of 59.21% of SHIB addresses that bought between $0.000007 and $0.000010 are making money at the moment. This shouldn’t come as a surprise, seeing as how SHIB has been experiencing better money flow and ecosystem growth over the past few months.

Dogecoin profitShiba Inu profit

Price Prediction And Future Outlook

The future looks bright for both Dogecoin and Shiba Inu as both meme coins are starting to possess utility, an aspect in which Dogecoin has performed particularly well. So perhaps DOGE could reach the $0.1 mark very soon.

Shiba Inu is also poised to do well with continued Shibarium success. According to a price prediction from CoinCodex, SHIB’s price could hit $0.000009534 by December 11. However, the likelihood of SHIB reaching $0.1 is very small considering it has a total supply of 589 trillion SHIB tokens. 

Dogecoin price chart from Tradingview.com (Shiba Inu profit)

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GROK Memecoin Faces 40% Drop As Expert Exposes Scammer’s Involvement

Grok (GROK) token, inspired by Elon Musk’s artificial intelligence service through X (formerly Twitter), has recently come under scrutiny following explosive growth in market capitalization. 

According to recent reports, Grok zoomed to a staggering $160 million market cap within just eight days of its release. However, reports of alleged scam involvement have overshadowed the token’s rapid ascent.

GROK Meteoric Rise Marred By Scammer Accusations

Grok token prices have soared, doubling within the past 24 hours alone, extending a week-long rally that has seen an astonishing 13,000% increase. The token boasts an impressive 11,000 holders and has witnessed a trading volume of over $60 million over the past 24 hours, according to data from DEXTools.

GROK

However, ZachXBT, a self-proclaimed crypto detective, has raised concerns about the legitimacy of Grok, stating that the token was created by a scammer. ZachXBT has stated that the same X/Twitter account associated with Grok has been linked to at least one other fraudulent scheme. ZachXBT stated:

Not that people in this space will care but GROKERC20 GROK was created by a scammer. Same exact X/Twitter account has been reused for at least one other scam. X/Twitter ID: 1690060301465714692

Satoshi Flipper, another prominent crypto trader on X, echoed this sentiment, labeling Grok as an “effing scam” and emphasizing that Elon Musk did not authorize the token’s launch. Satoshi Flipper said:

This is Grok. $1.9M liquidity and a $137M market cap? What an effing scam. Not only that, it’s completely fraudulent to trade this knowing Elon Musk, the owner of Grok, did not authorize these devs to launch a token. Imagine touching this toxic trash.

Experts from Arkham Intelligence also weighed in, reporting that an on-chain trader sold a significant amount of GROK at nearly 40% slippage, reinforcing the scam allegations made by ZachXBT.

The controversy surrounding Grok has raised concerns within the cryptocurrency community. Critics argue that the token’s market cap, coupled with the lack of authorization from Elon Musk, raises red flags. 

Impressive Turnaround

The token’s market cap has undergone a retracement, now at $108 million, down from its previous value of $160 million. Additionally, the token exhibits a liquidity of $1.83 million. 

GROK

Despite experiencing a substantial slippage of 48%, with its price dropping as low as $0.0056000, the token has remarkably recuperated and is now trading at $0.0108452.

It is yet to be determined whether further reports will surface to shed light on the individuals behind the token’s creation and their objectives, potentially exposing the risk of a rug pull within the cryptocurrency industry. 

However, despite these allegations, the token has attracted significant attention and excitement from investors eager to participate in the potential surge of the next major meme coin, aiming to achieve substantial gains in their investments. As of the time of writing, the Grok official account on X has not made any statements regarding these allegations.

Featured image from Shutterstock, chart from TradingView.com 

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Top 5 Meme Coins That Are Outperforming The Altcoin Rally

The altcoin market rally has been the talk of the crypto community lately and it has been with good reason. Amid this rapid rise of cryptocurrencies across the board, meme coins have been doing well. But just like any asset class, there are some that have performed better than others.

CorgiAI (CORGIAI) Leads Meme Coins Gains

CorgiAI (CORGIAI) is an interesting take on the Dog meme coins. But instead of using the widely popular Shiba Inu breed, the project chose the Corgi breed for their purposes and this seems to be working out well. In the last day, CorgiAI has dominated meme coin gains, rising over 56% in this time.

Its figures on the 7-day chart are even more impressive, as data from CoinGecko shows that the asset rose $86.8 in just seven days. CorgiAI is now the 11th-largest meme coin in the space after its market cap crossed $36.29 million.

Bonk (BONK): The Solana Altcoin Making Waves

The Solana native Bonk (BONK) coin is one of the top meme coins after a massive run earlier in 2023. In the current ‘altcoin season’, it has performed very well, rising 29% in one day. Its 7-day gains are the closest to CorgiAI at 76.7%.

On the shorter time frame, ie the 1-hour chart, BONK is actually outperforming the rest of the meme coins. Its price is already up 11.3% in the last hour at the time of this writing. This could suggest a further run in the near future for the meme con.

HarryPotterObamaSonic10Inu (ETH) BITCOIN

This meme coin is an embodiment of the most ridiculous parts of crypto and how anything can surge in the market. The coin which is the combination of popularly recognized names in pop culture, politics, and crypto started rising a few months ago, garnering a healthy following while at it.

It moved rapidly enough that it is now one of the largest meme coins in the space, rising 19% in the last day alone. Despite seeing 2.5% losses on the weekly chart, its market cap is still sitting at $137.76 million, making it the 7th-largest meme coin by market cap.

Dogelon Mars (ELON) Maintains Prominence Among Meme Coins

This meme coin named after two of the most recognizable names when it comes to meme coins (Elon Musk and Dogecoin) has persisted even through the worst bear trends, and now it is continuing to show strength.

Coming just behind HarryPotterObamaSonic10Inu (ETH) BITCOIN, ELON has recorded daily gains of 16.7%, with weekly gains of 14.4%. It currently holds the 8th position among the largest meme coins in the space.

Dogecoin price chart from Tradingview.com (Meme coins)

Memecoin (MEME): New Kid On The Block

Coming in 5th on this list is the newly released Memecoin (MEME). This meme coin was developed by the 9Gag team and initially saw a retracement on its launch gains. However, the tide is starting to turn as MEME’s 24-hour gains rise to 16.4%.

Given that this is a new meme coin, there are currently no weekly figures. However, just like BONK, the meme coin is performing well on the hourly chart after rising 7.6% in the last hour at the time of this writing.

Top Meme Coins Didn’t Make The List

The top meme coins in the space, including Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), did not make the list of the outperforms. But that does not mean that they have not done well. As data from CoinGecko shows, all three of these cryptocurrencies are up at least 4% in the last day.

DOGE has seen the lowest gains of the trio during this time with gains of 4%. Meanwhile, Shiba Inu is on a higher level with 5.3% gains. PEPE is the best performer so far after rising 13.1% to reclaim the $0.0000013 level.

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Kaspa (KAS) Price Shatters Records, Outshining Bitcoin With A Massive 105% Surge

Kaspa (KAS), a proof-of-work cryptocurrency employing the GHOSTDAG protocol, has experienced a notable surge in market activity and investor interest over the past few months. 

The token’s recent listing on Coinone, one of South Korea’s leading cryptocurrency exchanges, has significantly propelled Kaspa into the top 33 cryptocurrencies based on market capitalization.

Since its listing on October 25 in the Korean market, Kaspa has outperformed well-known cryptocurrencies like Bitcoin (BTC), and Ethereum (ETH) and popular meme coins such as Dogecoin (DOGE) and Pepecoin (PEPE) during market breakouts.

KAS Token Skyrockets Reaching New All-Time High

Over the past 24 hours, the price of KAS has increased by a remarkable 28.78%, reaching a high of $0.092917. Despite a slight dip in the current price, 0.72% below the all-time high, the token continues to exhibit strong upward momentum.

Kaspa

The recent surge in trading volume for Kaspa, amounting to $114,934,098.78 within the last 24 hours, represents a substantial increase of 121.50% compared to the previous day. This surge signifies heightened market activity, indicating growing confidence and interest in the project.

Notably, Kaspa’s consensus mechanism, implemented through the GHOSTDAG protocol, sets it apart from conventional blockchains. Using parallel blocks that can coexist and be ordered through consensus eliminates block orphans, providing enhanced security and scalability. 

The blockDAG structure enables a high block rate of one block per second, with aspirations to reach even higher rates of 10 blocks per second and eventually 100 blocks per second.

The Kaspa implementation encompasses several notable features and subprotocols, including Reachability for querying the DAG’s topology, block data pruning, SPV proofs, and upcoming subnetwork support that will facilitate the implementation of layer 2 solutions. 

Kaspa Coinone Listing Sparks Price Surge

The listing of Kaspa on Coinone has been a significant catalyst for its recent price surge. Coinone has a substantial user base and provides a platform for investors to trade Kaspa against the Korean won (KRW). 

This listing has opened up fresh avenues for Korean investors to participate in the Kaspa ecosystem, bolstering its market presence and contributing to its rapid ascent in the market rankings.

Kaspa’s entry into this market has increased visibility and exposure to a wide range of traders and potential investors. The positive response to its listing on Coinone reflects the growing demand for Kaspa in the Korean crypto community.

Kaspa

Looking ahead, the successful listing on Coinone and the surge in market rankings indicate further gains for the token. The project’s consensus mechanism, coupled with its development of features like subnetwork support and layer 2 solutions, positions it as a blockchain solution with growth potential.

Featured image from Shutterstock, chart from TradingView.com

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SafeMoon Executives Face DOJ Arrests And SEC Charges – SFM Plummets More Than 50%

The US Securities and Exchange Commission (SEC) recently announced charges against SafeMoon, its creator Kyle Nagy, the company’s CEO, John Karony, and CTO, Thomas Smith. 

The SEC alleges that these individuals orchestrated a “massive fraudulent scheme” involving the unregistered sale of SafeMoon (SFM), a “crypto asset security” as defined by the SEC. 

Per the complaint, instead of delivering the promised profits and taking the token “Safely to the Moon,” the defendants allegedly wiped out billions in market capitalization, misappropriated investor funds, and withdrew over $200 million in crypto assets for personal use.

On this matter, David Hirsch, Chief of the SEC Enforcement Division’s Crypto Assets and Cyber Unit, emphasized the need for caution in the decentralized finance (DeFi).

SEC Charges SafeMoon And Executives 

According to the complaint, Kyle Nagy assured investors that funds in SafeMoon’s liquidity pool were safely locked and inaccessible to anyone, including the defendants. 

However, according to the SEC’s investigations, large portions of the liquidity pool were never locked, and the defendants allegedly misappropriated millions of dollars, indulging in extravagant purchases such as McLaren cars, luxury homes, and lavish travel.

The SEC’s complaint reveals that SFM’s price skyrocketed by over 55,000 percent before plummeting nearly 50 percent when the public discovered that the liquidity pool was not locked as claimed. 

Notably, Karony and Smith allegedly used misappropriated assets to manipulate the market and prop up SafeMoon’s price through wash trading.

The SEC’s complaint, filed in the US District Court for the Eastern District of New York, charges the defendants with violating registration and anti-fraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. 

Indictment Unsealed Against Executives For Securities Fraud

An indictment was also unsealed in federal court in Brooklyn, charging Braden John Karony, Kyle Nagy, and Thomas Smith with conspiracy to commit securities fraud, wire fraud, and money laundering conspiracy. Breon Peace, United States Attorney for the Eastern District of New York, announced the arrests and charges.

United States Attorney Peace emphasized the commitment to pursuing fraudsters in the digital asset space, stating that their “ill-gotten gains” would not protect them from justice. 

Ivan J. Arvelo, Special Agent-in-Charge of Homeland Security Investigations, New York, highlighted the “relentless pursuit” of individuals exploiting investors and the financial system for personal gain. 

It is noteworthy that the charges in the indictment are allegations, and the defendants are presumed innocent until proven guilty.

SFM Token Crashes To Lowest Trading Price Since Launch

Following the recent disclosure of the news, SFM has experienced a significant crash, plummeting by over 52%. Currently, the token is trading at $0.00009142, marking its lowest trading price since its launch in 2022. This substantial decline of over 72% within the past year underscores the severity of the case.

SafeMoon

Furthermore, when examining other time frames, the token has seen declines of 49%, 34%, and 24% over the past seven, fourteen, and thirty days, respectively. These figures highlight the ongoing downward trend and emphasize the magnitude of the situation.

Featured image from Shutterstock, chart from TradingView.com

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Floki Inu (FLOKI) Claps Back: Counters Bitget’s Claim Of Breaching 7-Day Listing Deadline

Recently, the cryptocurrency community has witnessed a heated dispute between the protocol Floki Inu (FLOKI) and the crypto exchange Bitget. 

The controversy arose following Bitget’s listing of TokenFi (TOKEN) and subsequent accusations of market manipulation, unauthorized listing, and insufficient solvency.

Bitget Faces Allegations Of Market Manipulation

On October 27, 2023, Bitget announced the listing of TokenFi (TOKEN) in the Innovation Zone of its Spot market. Shortly after the trading service for TokenFi commenced, significant price fluctuations were observed, prompting suspicions of market manipulation. 

Concerns were further raised when it was discovered that TokenFi’s project team had contributed less than $2,000 worth of tokens to the liquidity pool of decentralized exchanges (DEXes), suggesting potential manipulation of initial liquidity.

Moreover, an investigation of the TokenFi project uncovered additional issues, including an “opaque” token economy and an unclear vesting schedule. 

In light of these findings and to safeguard their users, Bitget decided to delist TokenFi (TOKEN) and initiated a buyback plan for users who held the token on its platform.

Floki Inu, responded strongly to the exchange’s actions, alleging that Bitget had violated their agreement not to list TOKEN until seven days after its launch. 

The meme coin protocol claimed to have had conversations with “several Tier 1 exchanges” and respected parties in the cryptocurrency industry. While these exchanges had expressed interest in listing TOKEN earlier, they agreed to honor Floki Inu’s request to wait for the stipulated period. 

However, Bitget, which, according to Floki Inu, was “the smallest exchange” among those involved, allegedly announced the listing of a fake version of the TOKEN token just 12 minutes before the official launch on the blockchain.

Floki Inu further asserted that Bitget had engaged in “deceptive trading practices,” manipulating TOKEN’s volume without evidence of holding the actual tokens. 

The protocol alleges that Bitget’s initial announcement had even stated that withdrawals would open 24 hours after trading began, potentially indicating an attempt to manipulate the token’s price. However, the market response did not align with Bitget’s expectations, resulting in a significant financial loss.

The situation escalated when users began reporting difficulties in withdrawing TOKEN from Bitget’s platform, with some users allegedly being banned for complaints. Floki Inu claimed to have contacted Bitget to address the issue, but the response was unsatisfactory, including a request to report liquidity issues to Bitget’s support team.

Floki Inu Alleges Bad Faith

Following subsequent discussions between Floki Inu and Bitget, it was revealed that Bitget required up to 1 billion TokenFi tokens to meet user withdrawal demands and cover their financial deficit. According to Floki’s response, this amounted to approximately 10% of TokenFi’s total supply, equivalent to around $20 million at the time of Bidget’s statement.

Furthermore, the protocol accused Bitget of acting in “bad faith” and attempting to resolve the situation through an over-the-counter (OTC) deal at a deeply discounted rate. 

The proposed discount of 90% from the market price raised concerns, as it was argued that Bitget should bear the responsibility for its actions and the resulting financial shortfall.

In response to Bitget’s announcement of delisting TokenFi and accusations of market manipulation, Floki Inu disputed the claims made by Bitget. They asserted that Bitget had listed the token against their explicit instructions and falsely accused the Floki Inu team of price manipulation. 

Floki also challenged Bitget to provide verifiable evidence of their TOKEN and FLOKI holdings, expressing concerns about Bitget’s overall solvency and risk management practices.

Ultimately, the protocol cautioned its users against trading or holding FLOKI on Bitget, citing the “troubling patterns” witnessed during the TokenFi incident. As the situation develops, the cryptocurrency community awaits further clarification and resolution regarding the allegations and the impact on affected users.

Floki Inu

Given these developments,  FLOKI has experienced a retracement of over 9% in the past 24 hours and is currently trading at $0.00003250. Nonetheless, the token has seen an impressive 85% increase over the past fourteen days. 

Featured image from Shutterstock, chart from TradingView.com

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PEPE Roars Ahead: Dominates SHIB And DOGE With Record-Breaking 6.9T Burn

In the ongoing frenzy surrounding meme coins that have captivated the cryptocurrency market throughout 2023, PEPE has experienced a significant resurgence. 

After a prolonged decline from July 14 to October 3, the memecoin halted its downtrend and entered an accumulation phase. Subsequently, it embarked on a renewed bullish uptrend starting on October 20, outperforming Ethereum-based altcoin Shiba Inu (SHIB) and Elon Musk-backed Dogecoin (DOGE) by a significant margin. 

As a result of this uptrend, PEPE has reclaimed its position in the top 100 list of cryptocurrencies, currently ranking 96th.

Bitcoin’s Surge Beyond $35,000 Sparks Market Uptrend

This surge in value has been largely influenced by the market leader, Bitcoin (BTC), which surpassed the $35,000 mark on Tuesday. 

For many, the current uptrend is driven by anticipation of the approval of a spot Bitcoin exchange-traded fund (ETF), which could potentially bring a new wave of capital into the market.

Furthermore, Dogecoin is among the five popular meme coins influenced by Bitcoin’s rise to $35,000. Shiba Inu also experienced a 5.9% gain and is currently trading at $0.00000765, following a similar pattern to DOGE.

In a significant development, the dev team behind PEPE announced on X (formerly Twitter) that approximately 6.9 trillion $PEPE tokens, worth around $6,000,000, have been burned. 

Additionally, a new team of advisors has been brought on board to guide the future direction of Pepe. The original team is exploring using the remaining 3.79 trillion tokens, attributed to the Centralized Exchange (CEX) multi-sig wallet, for strategic partnerships and marketing opportunities. 

The PEPE community can expect regular updates on future token burns, movements, or uses through Twitter and the official telegram channel.

PEPE Price Skyrockets By 25.83% In 24 Hours

As of today, the price of Pepe (PEPE) stands at US$0.000000930549, with a 24-hour trading volume of $455,035,042.79. This represents a significant price increase of 25.83% in the last 24 hours and a 43.63% increase over the past 7 days. 

With a circulating supply of 420 billion PEPE, Pepe currently holds a market capitalization of $398,014,904.

PEPE

On the other hand, SHIB is currently priced at $0.00000739, with a 24-hour trading volume of $314,695,140.13. 

Over the past 24 hours, SHIB has experienced a price increase of 2.72% and a 6.04% increase over the past 7 days. With a circulating supply of 590 billion SHIB, Shiba Inu has a market capitalization of US$4,348,847,496.

Meanwhile, DOGE is trading at $0.065989, with a 24-hour trading volume of $1,064,277,555.26. Over the past 24 hours, DOGE has seen a price increase of 3.02% and an 11.02% increase over the past 7 days. 

With a circulating supply of 140 billion DOGE, Dogecoin holds a market capitalization of US$9,327,269,145.

The recent price movements and market activities of these meme coins reflect the renewed confidence and interest in the cryptocurrency market. Furthermore, these numbers solidify PEPE’s position as the standout performer in the market.

Featured image from Shutterstock, chart from TradingView.com 

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Meme Coins That Are Ripe For The Picking Following $3.2 Billion Crash

As the crypto market suffered major losses due to the bear season, meme coins were not left out. These tokens which are often created in line with memes on the internet saw their cumulative market cap drop by $3.2 billion in 2023. This decline has paved the way for possibly buying these highly popular tokens at what could be considered a discount.

Dogecoin (DOGE): King Of The Meme Coins

Dogecoin (DOGE) has managed to retain its title as the king of the meme coins over the years but that has not helped the altcoin to dodge the bloodbath. Despite starting out the year 2023 strong and trading close to the $0.1 level, it has succumbed to the seemingly never-ending bear pressure and fallen around 50% since then.

Dogecoin is currently trading at one of its lowest points since the year began, which could signal a prime time for purchasing the meme coin. According to data from Messari, DOGE’s price is currently over 91% lower than its all-time high price of $0.738. This means that a return to its all-time high in a bull market would be an almost 10x return on investment from its current $0.059 level.

Shiba Inu (SHIB): The DOGE Killer

When Shiba Inu first came out in 2020 as an alleged ‘Dogecoin killer’, crypto investors did not take it seriously. It wasn’t until it mounted one of the most impressive rallies of 2021 that investors saw its potential. Eventually, it grew to become the second-largest crypto among the meme coins, clocking an over $10 billion market cap at one point.

However, just like its biggest competitor Dogecoin, Shiba Inu has been subject to unfavorable conditions which have seen its price decline rapidly. It is almost 92% below its October 2021 all-time high of $0.0000869. So just like Dogecoin, a return to its all-time high price will also see SHIB return almost 10x on its current price of $0.00000706.

Shiba Inu price chart from Tradingview.com (meme coins market cap Dogecoin Pepe Coin)

SHIB also remains a fierce competition for Dogecoin after the team released their very own Layer 2 blockchain called Shibarium. This blockchain, built atop the Ethereum network, has put it in the league of large players such as Polygon (MATIC), Arbitrum (ARB), and Optimism (OP).

Pepe Coin (PEPE): The New Kid On The Block

Pepe Coin (PEPE) is currently only a few months old but it has already shown that it deserves to be listed among the top meme coins. PEPE’s run-up to over $1.4 billion in a bear market was nothing short of historical. But even this new kid on the block could not completely shake off the bears.

PEPE’s market cap has fallen by over $1.2 billion since it hit its all-time high in May, which could present a buying opportunity. Now, given PEPE’s performance in a bear market, it is expected to rally even more in a bull market.

Since it is currently 84% below its all-time high price, a return to that level from here would mean an 8x return. The coin also commands a significant following with 520,000 followers on Twitter, making it one of the most followed meme coins in the space.