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Tag: Memecoin

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Solana-based DApps rake in record fees as memecoin frenzy returns

Five of the top 10 crypto protocols by fee earnings in the last 24 hours were on Solana. Solana-based apps notched record fees and revenue activity in the last 24 hours amid an apparent return of memecoin mania. According to a Nov. 18 X post from decentralized finance commentator Patrick Scott, who cited DefiLlama data, five out…
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Wiz Khalifa’s X account apparently hacked to promote sham memecoin

The X account of rapper Wiz Khalifa was reportedly hacked, with posts shilling a memecoin called “WIZ,” which is now trading at a value of less than $10,000. The X account of rapper Wiz Khalifa is believed to have been hacked on Nov. 3, after the account posted a scam memecoin to the rapper’s 35.7…
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Iggy Azalea distances herself from alleged scammer’s $300K memecoin

Azalea joins a growing list of celebrities unveiling ties to alleged serial scammer Sahil Arora as a project with the artist’s name nets $300,000 in presale. A new celebrity memecoin by alleged serial scammer Sahil Arora has raised over $300,000 in a token presale carrying the name of Australian musician Iggy Azalea. Posts from Azalea’s X account…
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ChatGPT-coded memecoin reaches $638M market cap

The Turbo memecoin surged by over 2,000% in the last three months, sending its market capitalization above $600 million. A memecoin created using the popular OpenAI chatbot ChatGPT with an initial budget of $69 reached a valuation of $638 million over a year after it was first deployed. On May 28, prices for the memecoin…
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Trader turns $2.2K of SOL into $2.26M in 8 hours with new memecoin

The trader made an over 993x gain on their initial investment, spurring insider trading allegations. A savvy trader turned $2,275 worth of Solana tokens into a profit of $2.26 million in just eight hours. The memecoin trader’s wallet, known as “sundayfunday.sol,” made an over 993x gain on their 13 Solana token investment into newly-launched memecoin 1DOL, according to a…
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Memecoin presales hit ‘peak degeneracy’ with over $100M raised in 3 days

Solana memecoin projects have raised more than $100 million by way of a controversial fundraising model known as “presales” in the last three days. The crypto community has started to warn of “peak degeneracy,” with memecoin founders raking in millions worth of Solana  through token presales in the last 72 hours alone. As of the time…
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Memecoin Market Declines, Market Cap Drops Over 3% In 24H

Central issues: The Memecoin market has lost over 3% of its capitalization in the beyond 24 hours. The memecoins all the while dropped in cost after the negative news about the monstrous arrival of PEPE. Pepe (PEPE), HarryPotterObamaSonic10Inu (BITCOIN), and Mog Coin (MOG) were among the main three decliners. As indicated by information from Coingecko,…
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Memecoin PEPE 16.5% Off After 160 Trillion PEPE Moved To CEX

Central issues: The 160 trillion PEPE hit memecoin tokens pushed onto the trade scared financial backers. Pepe’s multisig wallet likewise changed the quantity of marks expected to execute an exchange from 5/8 to 2/8. The symbolic cost has dropped 16.5% in the beyond 24 hours. According to on-chain data, the hot memecoin PEPE dropped 16.5% in 24…
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BALD Leading Trend Memecoin On Layer 2 Base With 160% Gain In 24H

Central issues: Bare is driving the memecoin pattern on layer 2 Base with a 160% increment as of now. On the first day of launch, BALD’s capitalization went from nothing to $55 million. This pattern makes the new memecoin the fifth generally fluid badge of all chains on DEX Screener. The community’s attention is on…
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