Trump-themed MAGA memecoin rallies after his pro-crypto comments

May 10, 2024 Coin Telegraph

Politically themed memecoins defy the crypto market’s drab performance by rallying in excess of double-digit gains.

Trump-themed memecoin MAGA (TRUMP) surged as much as 78% on May 9 following Republican presidential candidate Donald Trump’s comments on cryptocurrencies.

Data from Cointelegraph Markets Pro and TradingView shows MAGA trading at $6, up 46% over the last 24 hours.

Its 24-hour trading volume has jumped 620% to rest at $281.8 million, and with a market cap of $281.8 million, TRUMP is ranked at position 248 at CoinGecko. At the time of publication, the token was the 13th largest memecoin by market capitalization.

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Memecoins sell-off as Bitcoin price takes the spotlight — Is meme season over?

May 6, 2024 Coin Telegraph

Coin Telegraph

Memecoins are underperforming Bitcoin today, which could be a sign that traders will pay more attention to BTC’s post-halving recovery.

Memecoins like Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE) are among the cryptocurrencies underperforming the market on May 6, highlighting a diversion from the momentum that drove the sector higher last week.

Data from CoinGecko shows that the total market capitalization of memecoins has dropped in the last 24 hours, falling 2.7% to $55.48 billion.

Bonk (BONK) declined the most, losing 6% of its market value over the last 24 hours. Floki (FLOKI) followed with a 3.3% loss, and Memecoin (MEME) came in third after declining 3% over the same period.

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Analyst Warns One Crypto Asset Category About To Face a Reckoning, Maps Path Forward for Bitcoin and Hedera

April 26, 2024 The Daily Hodl

Altcoins

A widely followed cryptocurrency analyst and trader believes one type of crypto asset is about to implode. The analyst pseudonymously known as Credible Crypto tells his 391,500 followers on the social media platform X that memecoins could suddenly collapse in value. “Still a lot of salt in this space despite us being at new all-time […]

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Crypto Analyst Says He’s Highly Bullish on Memecoins This Cycle – Here Are His Top Picks

April 26, 2024 The Daily Hodl

Altcoins

A closely followed crypto strategist is turning very bullish on memecoins in the current market cycle. Pseudonymous analyst Altcoin Sherpa tells his 215,600 followers on the social media platform X that retail traders could send memecoins soaring. “Highly bullish on memes this cycle though for a lot of reasons. New retail wants to get rich […]

The post Crypto Analyst Says He’s Highly Bullish on Memecoins This Cycle – Here Are His Top Picks appeared first on The Daily Hodl.

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Memecoins are ‘undermining’ the long-term vision of crypto, a16z CTO says

April 25, 2024 The Crypto Briefing

A16Z

Memecoins are popular among crypto's degen crowd, but among builders, they appear as something that undermines the industry's fundamentals.

The post Memecoins are ‘undermining’ the long-term vision of crypto, a16z CTO says appeared first on Crypto Briefing.

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TradFi Hedge Funds Eyeing Memecoins As Subsector Evolves Into ‘Culture Coins’: Report

April 24, 2024 The Daily Hodl

Altcoins

Hedge funds are starting to succumb to the lure of crypto memecoins in search of bigger gains, according to a report from Bloomberg. Newport Beach, California-based fund Stratos – backed by heavyweight investors Marc Andreessen and Chris Dixon – reportedly recorded 137% gains in Q1 by allocating part of its portfolio to dogwifhat (WIF), which […]

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Memecoin Mania Onboarding ‘Thousands and Thousands’ of People Into Base’s Economy, Says Creator Jesse Pollak

April 23, 2024 The Daily Hodl

BASE

Base’s creator Jesse Pollak is singling out one category of crypto assets that is helping in the adoption of the layer-2 network backed by Coinbase. Pollak says in a new video posted on the social media platform X that memecoins are helping “onboard thousands and thousands of people” into the Base ecosystem. “I think every […]

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12 Solana presale memecoins abandoned after just a month

April 22, 2024 Coin Telegraph

Coin Telegraph

The 12 now-defunct projects raised a total of $26.7 million by way of a controversial fundraising method known as a presale.

At least 12 Solana presale memecoins have been “completely abandoned” in the last 30 days after raising a combined $26.7 million from investors, according to figures shared by independent blockchain sleuth ZachXBT.

In an April 21 post to X, ZachXBT highlighted 12 Solana memecoin projects that raised funds through the controversial presale method, many of which have plunged significantly since launching and one which appears not to have launched any token at all.

According to ZachXBT, the most costly “abandoned” presale project was a memecoin dubbed “I like this coin,” which sported the ticker LIKE.

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Crypto Trader Says Solana Rival Forming Decent Trade Setup, Updates Outlook on Pepe, Ethena and Celestia

April 19, 2024 The Daily Hodl

Altcoins

A widely followed crypto analyst and trader is expressing bullish sentiment on a Solana (SOL) competitor while offering his forecast on three altcoins. Starting with Sei (SEI), the analyst pseudonymously known as Altcoin Sherpa tells his 215,200 followers on the social media platform X that the native token of the layer-1 blockchain “could be a […]

The post Crypto Trader Says Solana Rival Forming Decent Trade Setup, Updates Outlook on Pepe, Ethena and Celestia appeared first on The Daily Hodl.

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Majority of Dogecoin, Shiba Inu and Pepe Holders Remain Profitable Despite Latest Crypto Correction: IntoTheBlock

April 15, 2024 The Daily Hodl

ada

Most investors who bought memecoins Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE) continue to stay in profit despite a correction sweeping the crypto market, according to analytics firm IntoTheBlock. Following Bitcoin’s (BTC) correction from $72,750 to a low of $61,079 last week, data from IntoTheBlock shows that 85% of DOGE holders are still in […]

The post Majority of Dogecoin, Shiba Inu and Pepe Holders Remain Profitable Despite Latest Crypto Correction: IntoTheBlock appeared first on The Daily Hodl.

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