The tool has made over $5 million since going live in early March, with thousands of tokens issued daily.
Crypto Exchange Bitget Joins Meme Coin Hype, Issues Token That Rises 14,000%
The token’s rise comes alongside a wave of trading volume.
The Protocol: Meme Coins (and Pepe’s Best Friend) Swarm Coinbase Layer 2 Chain
The meme coin frenzy that drove up activity – and failed transactions – on Solana appears to have quickly migrated to Base, Coinbase’s six-month-old layer-2 blockchain. Who is the blue-faced creature behind the $BRETT token?
Floki Developers Plan Regulated Bank Accounts in Next Value Capture for Tokens
SWIFT payments and SEPA IBANs will be supported – allowing users to transact and transfer money globally.
Influential Trader GCR Buys Original Dogwifhat Meme for $4M; WIF Rises
WIF pieces have surged in the past hour as X users found out the trader user now holds the original image.
Lure of Quick Money Sees $100M Flow to Solana Meme Coin ‘Presales’
Some onchain watchers estimate that over $100 million worth of tokens were sent to various meme coin presales over the weekend.
Avalanche Foundation Snaps up KIMBO, COQ, and Three Other Tokens as First Meme Coin Investment
The Foundation first said in December it would invest in meme coin as part of a digital culture drive.
Meme Coins Strongly Correlated to Network Growth: Franklin Templeton
Meme coin markets have boomed in tandem with the growth of addresses on their underlying blockchains.
Dogwifhat Community Plan to Put the Meme on the Vegas Sphere
Social media users wonder if the display marks “cycle top” behavior.
Pepecoin Becomes Biggest Meme Coin Gainer as DOGE, SHIB Rally Eases
Futures products tied to PEPE saw unusually large liquidations since Friday, suggesting short covering.
Trump MAGA Meme Coins Are the First Experiment in ‘PoliFi’
One part community, one part prediction market, the meme coin with the former president’s namesake is a troll project that became serious, its marketing director told CoinDesk in an interview.
Floki Developers Plan to Burn $11M Tokens, Reducing Supply by 190B FLOKI
The figure represents 2% of the token’s circulating supply, or the number of tokens on the open market.
PEPE and WIF Jump 50%, Putting Ethereum and Solana Meme Coins in Focus
PEPE tokens were up as much as 51% in the past 24 hours as some traders considered the meme tokens as an Ethereum ecosystem bet.
Robinhood Cash Surge: Sees $4 Billion Monthly Inflow From Users
Robinhood, a significant player in the United States financial technology sector, has recorded major growth. The platform has seen a notable rise in monthly user inflow.
Robinhood Monthly Deposits Surges To New Height
A correspondent at CNBC, Kate Rooney, recently shared the development with the crypto community on the X (formerly Twitter) platform. The CNBC reporter said Robinhood recorded increased profits in its most recent quarterly results.
Rooney pointed out that the platform is making some headway in its attempt to overtake established “brokerage companies” for market dominance. Additionally, Robinhood aims to expand beyond its “original base of inexperienced and younger traders” in the crypto market.
She further highlighted that over $100 billion of the firm’s assets are currently “under custody.” In addition, a “net positive transfer from every major brokerage competitor” drove the Q4 deposits to approximately $4.6 billion.
Consequently, this suggests its increasing popularity among investors looking to include digital assets in their portfolios for diversification. It also indicates the growing confidence and inclination toward the trading firm among crypto investors.
The CNBC correspondent asserted that the numbers above consist of an “average customer transfer balance” of $100,000.
As per Rooney’s X post, Robinhood saw a substantial rise in monthly deposits valued at $4 billion in January. So far, the recent uptick signifies the online trading platform’s strongest month since early 2021.
During the same quarter last year, the trading platform lost $166 million, or $0.19 per share. However, this year, it made a profit of $30 million, or $0.3 per share.
As was revealed, Robinhood’s income rose due to increased net interest and transaction-based and other revenue streams. Over the three months, its net interest income grew by 4% to $236 million.
Taking Over The Active Trader Market
Vlad Tenev, Robinhood’s Chief Executive Officer (CEO), has revealed Robinhood’s intentions to take over the active trader market. Tenev recently disclosed this objective during a quarterly earnings call.
He stated that the firm’s user base and revenue have grown “nearly seven times” in the past four years. “looking at what is in front of us, we are excited by the opportunity to continue growing significantly from here,” he added.
Robinhood has gained market share and attracted net asset inflows from its major rivals. According to Tenev, the company will continuously invest in its “user experience on mobile” to achieve its goal.
Currently, the crypto enterprise stands out as the dominant player in market share. Tenev has confirmed the addition of futures and index options to the platform in the coming months of this year.
Trump-Themed Tokens Rocket as Prominent Crypto Fund Bets on Coins Modeled After Ex-President
The former president has been a considerable driver for related crypto trading volume since 2020, data shows.
Apparent ‘Insiders’ Make Millions After Grabbing Ethereum Version of Dogwifhat
The Ethereum version of dogwifhat pumped, then dumped, within hours on Saturday, but blockchain data shows a few wallets picked up a large chunk of the supply after it was issued.
Trader Buys $9M of Solana Meme Coin Dogwifhat, But Loses Over 60% to Slippage
Some market watchers have termed the trade a possible “marketing stunt,” one that could have drawn attention to WIF as prices took a hit in recent weeks.
Solana Meme Coins See 80% Price Drop After December Frenzy
The Solana ecosystem boomed in December as bonk tokens started a multiweek run of over 1,000%, grabbing listings on influential exchanges Binance and Coinbase.
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.
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.
Bitget Embroiled in Bitter $10M Dispute With Floki Over TokenFi Memecoin Listing
Cryptocurrency exchange Bitget is under intense scrutiny over its handling of the listing, and subsequent delisting, of a memecoin related to Floki Inu.