We’re thrilled to announce that LOCK IN and Michi are now available for trading on Kraken! Funding and trading LOCK IN and Michi trading will be live as of 15:00 PM UTC today, January 21, 2025. To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit.’ […]
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We’re thrilled to announce that Official Trump (TRUMP) is now available for trading on Kraken! Funding and trading Official Trump trading is live as of 20:15 PM UTC today, January 18, 2025. To add an asset to your Kraken account, navigate to Funding, select the asset you’re after, and hit ‘Deposit.’ Make sure to deposit […]
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An under-the-radar project focused on artificial intelligence (AI) is defying the crypto market downturn as tokenomic upgrade plans begin to take shape. The utility token for the AI agent project ai16z (AI16Z) is trading for $1.52 at time of writing, up 23.7% in the past 24 hours. With a market cap of $1.65 billion, the […]
The post Under-the-Radar AI Agent Defies Crypto Market Downturn Amid Plans for Major Tokenomic Upgrades appeared first on The Daily Hodl.
2024 saw the birth of the "celebrity memecoin meta" with multiple public figures cashing in on their fame to launch memecoins, though many quickly fizzled out not long after launch.
Celebrity-themed crypto tokens had a flash-in-the-pan moment in 2024, with publicly-known figures looking to cash in on their fame amid a steady crypto rally.
But the short-lived “celeb meta” has seen the tokens plummet in value since launch or are down significantly from their peak highs, and their celeb backers have, in some cases, seen their creations possibly land them in court.
Let’s take a look at some of the tokens that burned bright before fizzling out soon after in 2024.
2024 saw the birth of the "celebrity memecoin meta" with multiple public figures cashing in on their fame to launch memecoins, though many quickly fizzled out not long after launch.
Celebrity-themed crypto tokens had a flash-in-the-pan moment in 2024, with publicly-known figures looking to cash in on their fame amid a steady crypto rally.
But the short-lived “celeb meta” has seen the tokens plummet in value since launch or are down significantly from their peak highs, and their celeb backers have, in some cases, seen their creations possibly land them in court.
Let’s take a look at some of the tokens that burned bright before fizzling out soon after in 2024.
Memecoins surged to as high as $137 billion in December before falling to as low as $92 billion in the same month. The memecoin market lost over $40 billion in December, with traders witnessing massive volatility and shifting opportunities.
Memecoin’s overall market capitalization dropped by about 30% in December, showing a slowdown in momentum and demand for meme-based tokens.
CoinMarketCap data shows that on Dec. 1, the total market cap for memecoins was $120.14 billion. It went up to as high as $137.06 billion on Dec. 9 before plummeting to a low of $92.67 billion on Dec. 23. This marks a 32.38% decrease in market capitalization within the month.
Meme tokens’ overall market capitalization. Source: CoinMarketCap
The X account of Animoca Brands co-founder Yat Siu was hacked to promote a bogus token in what appears to be the latest in a string of similar hacks in the past month.
Blockchain gaming conglomerate Animoca Brands confirmed its co-founder and chair, Yat Siu, was hacked on X to promote a fake token, in what appears to be the latest in a string of attacks on crypto X accounts.
“Unfortunately [Siu’s] social media account has been compromised,” Animoca posted to X on Dec. 26. “The token launch on Solana as claimed in a post was made by the hacker.”
In the now-deleted post, Siu’s account shared a link to a token launched on Solana memecoin launcher Pump.fun called Animoca Brands (MOCA) — named the same as the firm and its affiliated Mocaverse non-fungible token (NFT) collection.
Enron, the company responsible for one of the largest frauds in U.S. corporate history, has announced its return on social media, using terms like decentralized technology and teasing the launch of a token in the future. But is this really Enron? Enron Returns With Countdown to Undefined Event Enron, the brand behind the company that […]
Scroll’s native SCR token dropped roughly 32% on day one of trading after a controversial airdrop.
Scroll’s co-founder rebutted claims the Ethereum layer-2 network orchestrated a “predatory” token launch in October, dismissing the allegations as “wild” in a Nov. 28 post on the X platform.
Sandy Peng, Scroll’s co-founder and CEO, said Scroll has “been reflecting on community feedback” and is “working on addressing this with Session 2,” Scroll’s planned follow-on airdrop announced in October.
Additionally, Scroll is “restructuring to align with our next phase of development,” and “[s]ome team members are moving on,” Peng said.
Justin Sun purchased $30 million worth of tokens from Donald Trump’s World Liberty Financial, making him the largest investor to date.
The founder of the Tron blockchain, Justin Sun, has become the largest investor in Donald Trump’s crypto project, World Liberty Financial, after buying $30 million worth of its tokens.
“We are thrilled to invest $30 million in World Liberty Financial as its largest investor,” Sun wrote in a Nov. 25 X post. “TRON is committed to making America great again and leading innovation.”
Before Sun’s post, a wallet that Etherscan tagged as owned by the Sun-controlled crypto exchange HTX, formerly Huobi, was seen purchasing 2 billion World Liberty Financial (WLFI) tokens worth $0.015 apiece.
