The trader bagged nearly $2 million in profit by investing in the “4” memecoin shortly after Zhao’s social media post following a BNB Chain phishing incident. A lucky cryptocurrency trader turned a $3,000 investment into about $2 million within hours after Binance co-founder Changpeng “CZ” Zhao shared a post about a BNB Chain memecoin on…
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Trump seems to recognize his official memecoin, down 85% from its all-time high, as a tool to measure public sentiment. United States President Donald Trump has signaled support for the idea that his official memecoin reflects public sentiment about his leadership. In a post on his social media platform Truth Social, Trump shared a Newsmax article discussing…
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Some in the crypto community are outraged about the lack of legal clarity around memecoins like Libra, which collapsed soon after endorsement by Argentine President Javier Milei. The collapse of the Libra token, which was promoted by Argentine President Javier Milei, has reignited calls for stronger regulatory oversight of memecoins. “The blame for the Libra…
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The Donald and Melania Trump-backed memecoins that launched over the weekend have amassed a combined value of over $15 billion. Donald Trump and his team have been accused of running a “pump and dump scheme” after back-to-back memecoin launches added billions of dollars to the net worths of the incoming US president and first lady.…
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Memecoin interest in 2024 was largely directed toward Solana-based tokens, followed by those on Coinbase’s blockchain Base, according to a CoinGecko study. Memecoins took the top spot for mindshare in the crypto space this year with almost a third of investor interest focused on the highly speculative tokens, a CoinGecko study found. “The most popular…
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A memecoin bearing Haliey Welch’s likeness rose to a market capitalization of roughly $500 million after its launch on Dec. 4 before dropping by 90%. Haliey Welch, the influencer behind the viral “Hawk Tuah” video clip, has released a statement after a memecoin bearing her handle pumped and dumped quickly after its December launch. In…
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Binance CMO Rachel Conlan says that “community feedback and input” are important factors for crypto exchanges when deciding which cryptocurrencies to list, though nothing is “guaranteed.” The surge in memecoin popularity in recent times has added extra pressure on crypto exchanges to weed out questionable projects and protect users, according to a crypto exchange executive.…
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An investigation by ZachXBT has linked addresses associated with a former professional Fortnite player and cybersecurity analyst with several high-profile account takeovers. Blockchain sleuth ZachXBT alleges a former professional Fortnite player from Australia and blockchain security analyst has been involved in memecoin scams that have resulted in an estimated $3.5 million stolen. In a Nov.…
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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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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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