Memecoin daily:Bitcoin Meme Coin $DOG Hits $336 Million Market Cap After Runes AirdropThe Bitcoin
Memecoin daily:
Bitcoin Meme Coin $DOG Hits $336 Million Market Cap After Runes Airdrop
The Bitcoin 🐶 🚀meme coin DOG•GO•TO•THE•MOON ($DOG), launched via the Runes protocol, quickly became the most held Runes token with over 73,000 holders after an airdrop to Runestone Ordinals holders last Wednesday.
💧The airdrop distributed 100 billion dog-themed 🗿Runes to wallets with Runestone Ordinal inscriptions, with the top five $DOG wallets now holding nearly 🙀 10% of its supply, and the largest wallet controlling about 6.65% of the tokens.
👆 Despite its low starting price of just 5.28 sats (around $0.003), $DOG saw substantial market activity, with a one-day trading volume of 53.1 BTC (approximately $3.4 million) on the🌳 Magic Eden marketplace.
Its total trading 💰volume since launching is around $10 million, and it currently boasts a market cap of approximately $307 million.
Notebook with "Buy Bitcoin" Meme Sold for 16 BTC
🗒 A notebook inscribed with "Buy Bitcoin," which became a meme, has been sold 🙀 for 16 BTC (just over $1 million). The auction house Scarce.City, which handled the transaction, announced this as a record amount.
🤵🏻♂️The new owner of the notebook is someone known by the pseudonym Squirrekkywrath. In the photo, they are standing to the left of the inscription's author, Christian Langalis. Squirrekkywrath is a 🐳 Bitcoin veteran who was previously 👂unheard of.
✔️ The proceeds will go towards funding Langalis's startup, Tirrel Corp, which is developing a Lightning wallet on Urbit.
✊ Langalis raised the "Buy Bitcoin" notebook during a 2017 speech by then-US Federal Reserve Chair Janet Yellen at the House of Representatives.He was escorted out for violating committee rules, and the 🖼 image went viral online.
CryptoPunk NFT was sold for $12.41 Million!
💪 On Thursday, April 26, CryptoPunk #635 was sold for 4,000 ETH, equivalent to $12.41 million, marking it as the sixth-most expensive sale in the history of CryptoPunks.
😳 Notably, the seller accepted an offer lower than a previous bid. On March 5, a bid of 4,440 ETH, valued at $16.38 million at that time, was placed but later withdrawn on April 22.
💲 CryptoPunk #635's transaction is this year's third priciest for the series, following CryptoPunk #7804, which fetched 4,850 ETH ($16.42 million) on March 20, and CryptoPunk #3100, sold for 4,500 ETH ($16 million) on March 4.
Meme token airdrops offset pre-order costs for Solana's Web3 smartphone
🙀 In April, two cat-themed projects, Cat in a Dog's World (MEW) and Maneki (MANEKI), awarded airdrops to those who pre-ordered their upcoming device.
🗒 On April 1, MEW distributed 37,600 tokens to each individual who had pre-ordered the Web3 📱smartphone. At their highest trading price of $0.0089 after distribution these tokens amounted to approximately $334.
🕐 Later, on April 24, Saga Chapter 2 owners were allocated 5,199 MANEKI tokens each, which at their peak price of $0.026, translated to about $135.
💧The airdrops from these two meme tokens allowed users who had pre-ordered the smartphone at $450 to potentially net around $470. While the tokens' value has since dropped and no longer offsets the full cost of the device, they still represent a substantial bonus. 😉
✔️ Purchasers of the Saga Chapter 2 linked their Solana wallet addresses during the order process, enabling them to receive tokens even before the phone's delivery.
🤑 Trader Makes $23 Million from Meme Tokens!
🫡 Paulo.sol capitalized on a surge in Bonk ($BONK) prices on November 11, 2023, and his swing trading strategies yielded him roughly $6.28 million from the token's volatility.
💪 Starting December 4, he engaged in buying and trading Dogwifhat (WIF), and by March 2024, he was actively trading Jeo Boden ($BODEN). 🧐 Each trading period coincided with sharp increases in the value of these meme tokens.
🙀 Overall, paulo.sol earned $9.51 million and $7.04 million from trading WIF and BODEN, respectively.
👌Lookonchain reports that paulo.sol still maintains holdings in $BODEN valued at $7.6 million and in WIF worth $5.7 million.
Furthermore, paulo.sol has expanded his portfolio to include other meme tokens, 🤔 investing $1.77 million in $POPCAT and almost $6 million in $PUPS, making him the top holder of the latter on the Solana blockchain.
The siren song for hedge funds - memecoins on the attack
🧐 It seems the hedge fund world is plunging headfirst into the frenzy of memecoins with irresistible force.
💰 Stratos hedge fund launched a liquid Dogwifhat ($WIF) fund in December. At one point, the price of $WIF ⬆️ surged by more than 300 times, helping the fund to a 137% profit in the first quarter, which is more than double the overall gain in the cryptocurrency market.
Stratos isn't the only hedge fund diving into memecoins. 🐘 Macro giant Brevan Howard made "tiny" investments in the sector, according to Bloomberg sources.
Crypto fund 🐈⬛ Pantera Capital recently wrote that "memecoins are here to stay," and that "trading memecoins creates gigantic" opportunities.
🐶 Memecoins have recently been registering the highest trading volume on decentralized exchanges. According to CoinMarketCap, the overall market value of memecoins has increased to approximately $54.7 B.
It seems that memcoins can absorb a lot of capital from various funds. 😉
Solana co-founder criticizes Vitalik Buterin while defending meme coins
👊 Solana's co-founder, Raj Gokal, defends meme coins in a recent X post, challenging the concerns raised by some traditionalists in the crypto community.
🎯 Gokal targeted Ethereum's Vitalik Buterin by posting a fuzzy photo of him, implying that even Ethereum started from humble, unconventional beginnings.
💪 Gokal argues that dismissing meme coins as trivial ignores their role in fostering innovation within permissionless systems. He emphasizes the 🔥importance of adaptability in the fast-evolving crypto landscape, suggesting that those unable to embrace such changes might struggle to succeed.
🗣 This X post underscores the ongoing rivalry between Ethereum and Solana, two major blockchain platforms.
A meme coin trader fell victim to insider trading and lost $152,000 in half an hour!
🙀 A user became a victim of insider trading with the meme coin CoolCoin ($COOL) on the Solana network, reported by analysts at Lookonchain.
🤷 The trader spent 1600 $SOL to buy 2.2 million $COOL, but managed to 🙈 sell them for only 532.58 $SOL less than half an hour later, losing 1067.42 $SOL ($152,000) in the transaction.
👆 Previously, Lookonchain had noticed suspicious activity on the network that resembled 👀 insider trading. They identified a trader who owned the majority of the issued CoolCoin tokens.
According to their findings, he 💰bought 574.27 million $COOL for 35.4 $SOL ($5000) and distributed them across several addresses. Within 🕐 an hour, the insider sold 22.81 million COOL from five wallets, earning 11,896 SOL ($1.69 million).
✔️ Currently, he still owns 551 million COOL (55.1% of the total supply) valued at over $20 million.
The Shiba Inu community has been warned about scammers and fake tokens
🎭 Fake accounts posing as members of the Shiba Inu (SHIB) meme token team have started appearing on Telegram, as reported by Shibarmy Scam Alerts.
😡 One account is impersonating Kaala Dairyu, the coin's lead developer.
"Remember no one from our team will ever contact your via priavte messages and request you synchronize your wallet OR ask you for personal information"
- states a post from Shibarmy Scam Alerts.
❗️Community representatives have also warned about a counterfeit TREAT token. The genuine coin has not yet been officially launched.
👀 Users are urged to "refrain from any transactions or investments" involving TREAT. The fake coin does not have locked liquidity, allowing fraudsters to withdraw user funds at any time.
The meme coin $CAW has surged more than 700% in one week!
🙀According CoinGecko, the meme coin "Crow with knife" ($CAW) has increased more than 700% over the past seven days and is the cryptocurrency with the 🚀 largest growth during this period. The token is deployed on Cronos, a blockchain associated with the cryptocurrency exchange Crypto.com.
✔️ $CAW was created on March 14, and there was no significant growth until April 26. The surge may have been linked to the token's listing on the Crypto.com app that same day, which led to ⬆️ a 370% increase in just 24 hours.
🗒 The next day, $CAW profile on X reported that April 27 is known as "Crow and Raven Appreciation Day," but upward 📈 movement resumed on April 28 only, leading to the current 🏔 all-time high, recorded just two hours ago.
Currently, the token's price has sharply declined, triggered by a rapid ⬇️ fall in Bitcoin's price to $62,000. However, even now, the growth of $CAW in the last 24 hours remains impressive, 💪 at over 50%. 💪
Thousands of investors have bought memcoin, which cannot be sold!
🚨 A Solana memecoin, Bonk Killer ($BONKKILLER), hit a $328T market cap due to a 🍯 honeypot scam, making it appear as the highest value asset globally.
👀 Despite having just over 1,000 holders, it's inoperable for trading as the creator locked the tokens, preventing sales.
🤷 Over 90% of the coins are held by the creator, and despite warnings, trading volume reached $4.6M in the last 24 hours.
😳 But investors are unable to move their tokens due to a "freeze authority" activated by the developer.
The raven rules among memcoins in the midst of a crypto bloodbath
😡 The cryptocurrency market has recently wiped out much of its recent gains, with global market capitalization plummeting to a low of $2.2 billion. 📉Major cryptocurrencies like Bitcoin ($BTC), Ethereum ($ETH), Solana ($SOL), Ripple ($XRP), and Cardano ($ADA) have experienced significant losses over the past week.
😿 The situation is even more drastic among meme coins. Dogecoin ($DOGE) has fallen by 22% this week, while Dogwifhat ($WIF) and Floki Inu ($FLOKI) have seen nearly 30% of their value erased during the same period.
💪 Despite this grim scenario, one meme coin stands out by maintaining its value—Crow With Knife ($CAW), which we recently highlighted. According to CoinGecko, $CAW has ⬆️ risen by 5% against the US dollar in the last 24 hours, a remarkable achievement given the overall market slump, especially as meme coins typically experience more volatile reactions.
BNB Chain's $1 Million Meme Innovation Challenge is ongoing!
🔗 BNB Chain is boosting meme coin creativity with a $1 million Meme Innovation competition. 🧑💻 Developers are encouraged to create and launch meme coins on BNB Chain, competing in two streams: project development and trading. 🧭 The competition, with its vibrant prize pool, aims to harness the whimsical nature of meme coins, fostering community and innovation.
🐶 Meme coins often reflect internet culture and despite being seen as novelties, they have grown into a significant crypto economy segment. 🌐 BNB Chain also offers other incentives to support 🏗 builders and growth in Web3 applications. The contest runs until May 9, highlighting the potential of meme coins beyond just humor.💰
Memcoins are very useful for the DEX ecosystem - expert
🐶 Trading meme-coins is beneficial for decentralized exchanges (DEX) as it attracts non-traditional DeFi traders, stated Synthetix founder Kain Warwick at the MemeGlobal Sydney conference.
"There’s an argument that memecoins are pure speculation, in my view speculation is good. It’s valuable"
- he added.
👌 Warwick disagreed with some speakers who question the usefulness of this class of cryptocurrencies.
According to him, meme tokens bring 💰significant volume to DEXes, enabling platforms to create "better tools":
"Even if the investment is in a purely speculative instrument that has no utility, the ecosystem around it starts to form and that money flows through and the investment flows through into infrastructure, which I think is good."
✔️ Warwick further noted that meme tokens, NFTs, and GameFi "engage more emotions and cultural ideas, which are much more interesting, understandable, and accessible to the average person than DeFi."
A schoolboy launched the LIVEMOM meme token and persuaded his mother to show her breasts on stream to increase the price. Since the start, the token has 🚀 grown by 3,600%, now it has fallen almost to the levels from which it started, that is, close to zero 😄.
We are waiting for the next breast pump, get your money ready! 😂
🚀 Crypto Whale's massive PEPE investment shakes market!
🐳 A crypto whale has made headlines by purchasing a staggering 1.24 trillion PEPE tokens, worth $10.4 million, shaking the cryptocurrency scene.
👀 According to the reputable analytics platform Spot On Chain, these tokens were withdrawn in two major transactions from Binance by a multi-signature wallet.
🙀 The first massive pull of 915.85 billion tokens cost about $7.75 million, while additional transactions brought the total to 1.238 trillion PEPE tokens over 28 hours.
This whale's activity comes after mixed results in other trades, gaining $146,000 from INJ but losing $118,000 on RNDR. 🧐
🃏 Some guy created a token $HANDS while holding a paper with his chin against his body that read "no hands can't do a Rug Pull."
But at the peak, he took his hands out from behind his back and sold his tokens. 😂
Wonder which body part they will use next to pump their tokens? 👀 🤣
