News
Over 70,000 wallets piled into the YZY memecoin, but most lost money as its price collapsed by over 80%, underscoring the risks of celebrity-backed tokens.
2080
Memecoin News
Memecoins, also known as meme cryptocurrencies or meme crypto, are digital currencies inspired by popular internet memes. Several meme tokens with large market caps boast active communities, such as Dogecoin (DOGE), Shiba Inu (SHIB), which are based on the Doge meme, and PEPE, which was inspired by Pepe the Frog.
So, what is a memecoin? Memecoins are a type of cryptocurrency featuring an internet meme character for its logo. Memecoins may serve a variety of purposes — or none at all — as they are not always the same, but they can still be bought and sold like other digital assets on most centralized and decentralized exchanges.
If you are looking to buy memecoins, do so at your own risk, as they are widely seen as speculative and volatile assets, and trading them is seen as risky.
- Altcoin Watch
To hit $250, SOL needs to see an uptick in onchain activity, demand for buy-side leverage and a resolution of the SEC’s Solana ETF decision.
4432 - Newsletter
Crypto inclusion in 401(k) plans may be more significant for Bitcoin than the 2024 launch of US spot Bitcoin ETFs, according to Bitwise’s European head of research.
7129 - News
Andrew Tate is back on the memecoin bandwagon but hasn’t nailed the trading game as his wallet approaches losses of $700,000 on Hyperliquid.
13794 - News
Kanye West’s YZY memecoin left thousands of wallets devastated as coordinated snipers extracted millions while retail investors lost out.
7062 - News
Onchain sleuth found YZY sniper wallets tied to LIBRA, extracting $23 million in suspected insider gains across both token launches.
2958 - News
Several well-known traders have bought the newly launched token promoted by rapper Kanye West, which pumped to over $3 billion but has since fallen back.
14151 - News
Federal Reserve Governor Christopher Waller urged policymakers and bankers not to fear DeFi and stablecoins, as they will drive innovation in the US payments system.
3617 - News
The judge cited ongoing cooperation of the defendants in the case as one of the reasons for unfreezing the stablecoins.
3677 - News
Pump.fun regained its market dominance in the Solana memecoin launchpad space, gaining over 73% in market share in the last seven days.
4154 - Analysis
A viral run on Zora pushed Base ahead of Pump.fun and LetsBonk, but Solana still leads in users, transactions and overall activity.
6881 - News
Wellness drinks maker Safety Shot made a bold shift into a memecoin treasury strategy, but shareholders were not impressed.
7419 - News
A memecoin group said it’s behind a recent trend of sex toys being thrown during WNBA games, which has seen two men arrested for allegedly taking part.
3846 - News
Users of Clanker, an AI-powered memecoin generator, have created over 355,000 tokens and earned over $34.4 million in fees amid rising AI agent adoption.
3125 - Spotlight
TON projects unveil roadmap fusing viral gaming, onchain charity and Telegram reach into a sustainable crypto model.
23195