Tag: Memecoin

Meme Coins Push Solana to Record Revenue Heights

Summary: Meme coins are infamous for their sudden popularity and drastic fall in short period of time. However, this time the craziness for meme coin has pushed Solana to a new all time high in fees and revenue. The blockchain managed to surpass one of the crypto giants Ethereum in daily feels and set new records.

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Meme Coins Fuel Solana’s Boom

According to Defi Llama, Solana earned $11.8 million in daily fees, more than Ethereum did ($6.32). Due in large part to the meme coin craze, the network also generated a record $5.9 million in revenue each day. Sites such as Pump.fun, a meme coin launchpad based in Solana, made a substantial contribution and made $2.4 million in a single day.

Raydium Takes the Lead

Raydium, Solana’s top decentralized exchange, played a pivotal role by generating over $1 million in daily revenue. Its low fees and high activity reflect the growing appeal of Solana’s DeFi ecosystem, which now boasts a total value locked (TVL) of $8.35 billion.

Solana Nears ATH Amid Rally

SOL’s market capitalization has increased by 295% in the last year, to $113 billion, which is getting closer to USDT’s $128.8 billion. As evidence of its tenacity and development potential, Solana is just 8.7% away from its all-time high of $260, despite a minor decline to $238.

READ MORE: Simon’s Cat Token: A Rising Memecoin Driving Solana’s Surge





Simon’s Cat Token: A Rising Memecoin Driving Solana’s Surge

The Simon’s Cat token (CAT), launched in August in collaboration with Floki, BNB Chain, and DWF Labs, is tied to the Simon’s Cat brand and backed by its $5.8 billion revenue IP. Its early access was offered to BONK holders on Solana, which ended up raising $240,000 via vaults. Solana’s recent memecoin surge has seemingly increased in huge demand for its ecosystem, including some record-breaking trading fees.

The Simon’s Cat Token known as CAT is a memecoin launched in August in collaboration with Floki, BNB Chain, and DWF Labs, is getting whale’s eyes all over it as of recent. It is the first major cat-themed token on the BNB Chain and is formally tied to the popular Simon’s Cat brand, which is supported by its $5.8 billion intellectual property. It mainly targets meme enthusiasts by offering them early access incentives to BONK holders via Solana. Its close ties with Solana really boosts the platform’s growing role as a hub for memcoin activities. They also offer early access incentives to BONK holders via Solana.

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Basically, BONK holders can score early access to Simon’s Cat Token (CAT) on Solana with a 12-month token lock. The vault which was initially capped at just $100K worth of CAT at a discount, smashed through every expectations and reached $240K in stablecoins deposited overnight.

With this and the already positive vibes by Solana sets it as the ultimate memecoin hotspot. Its continuously pulling off wild trading cycles that pump demands for SOL, with these profits funneled into fresh tokens. Back in March, Solana broke its all-time fee record, raking in $3.02M in just one day, which left behind big names such as Ethereum, BNB Chain, and Tron. Clearly, all eyes are glued to Solana right now!

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Sad Hamster (HAMMY) Memecoin Soars 50% After Elon Musk’s Viral Tweet

SHORT EXPLANATION: Elon Musk recently tweeted about a $3M hamster study which exploded and it’s affect was also seen on crypto scene as Sad Hamster (HAMMY), meme coin surged drastically by 50%. A single tweet by the richest person of planet earth managed to affect a meme coin in such a way that it hit $0.05 before being stable at $0.041, with trading volume soaring as memes and hashtags flooded social media.

Elon’s Tweet Sparks HAMMY Frenzy

The tweet from Elon wasn’t even remotely about the meme coin but about a bizarre government funded hamster study but this managed to leverage the Sad Hamster (HAMMY) into the greatest spotlight it could ever hope for. The coin’s price jumped nearly 50% within just hours of that tweet, hitting $0.05 before finally settling at $0.041.

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Social Media Goes Wild

Social media took the hype to the next level, the hashtags #SadHamster trended on X, with countless and by countless I mean hundreds and hundreds of meme fueling the coin’s popularity. The Musk effect on meme coin is absolutely legendary, with tokens like Dogecoin and Shiba Inu are experiencing surges after this tweet.

HAMMY: The Wildcard

Unanticipated and unexpected surge of HAMMY shows volatility of the crypto market, which means it can always go up and down. However, though it may seem like a good deal, HAMMY still remains a speculative asset. We mere humans have no way to figure out whether it will remain in the spotlight or fade away in abyss but for now HAMMY is showing its greatness and the one who caused it is out beloved Elon Musk.

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Hamster Kombat Surpasses $5.3B in Volume, Gains 11M Token Holders

Hamster Kombat token (HMSTR) is back on track as it stays hot in trading. It just hit massive $1.3B daily spot and $4B perpetual volumes, despite its Web3 game losing 86% of users since August. After this recent news, Tokenholder vibes stay strong at 11M even though active addresses and price have dropped significantly. Binance Dubai talks stressed keeping Web3 games fresh and emotionally engaging.

A profoundly known crypto gaming platform called Hamster Kombat has managed to amass a community of 11 million tokenholders. The team even jokingly compared this number to about 239 Yankee Stadiums full of hamsters, which made it seem like a legit strong community that holds strong belief in token’s value and so is the truth as well. On November 14, they declared an amazing $1.3 billion in daily spot trading volume and $4 billion in perpetual trading volume for HMSTR.

However, analysts report major decline in the user engagement lately. The token’s price reflects this decline well, as it has fell down form a high of $0.01 on September 26 to $0.0022 on November 4. Nevertheless, their loyal fanbase’s emotion remains strong and very much positive. CoinMarketCap research indicates that over 73% of the total 87,689 voters are very optimistic about Hamster Kombat, while remaining 27% are in doubt.

Recently, at Binance Dubai, Notcoin co-creator Sasha Plotvinov shared his opinion which stated that Web3 games need to vibe with players emotionally and always feel fresh to keep them engaged. Speaking especially on the “Telegram Mini Apps and Games” panel, he believes social and emotional connections are key to keep players coming back.

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Peanut the Squirrel Coin (PNUT) Soars 235% in a Single Day

Peanut the Squirrel Coin (PNUT) skyrocketed 235% which led it to be $1.41. Its based on a tragic story about a peanut and a beloved pet squirrel which went viral a while back. NYC officials have euthanized Peanut which sparked massive outrage from Elon Musk and Trump. This hype pushed PNUT’s market cap to $1.39B, with $2.5B trading volume, right before the U.S. elections.

PNUT is the token name for Peanut the Squirrel Coin, which is a memecoin built on Solana blockchain. It gets most of this attention because this token is based on a tragic story surrounding Mark Longo’s pet squirrel named Peanut. It was tragically euthanized by New York Cops officials over rabies fears. Even big names like Elon and Trump chimed in on this story, which made it a hot topic right before the U.S. elections for president. This drama set a nice stage for PNUT which ultimately led it to skyrocket, making it one of the first memecoins to hit $1 dollar.

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PNUT Price Forecast

As of November 13,, the price of  Peanut the Squirrel (PNUT) is $1.31 holding a 24 hour trading volume of $2,827,765,169. It has increased by over 200% in the last 24 hours and a mind blowing 1,114.21% increase since the past seven days. It has a circulating supply of 1 Billion PNUT and holds a market capitalization of about $1.3 billion. This extraordinary performance sets it as the top meme coin of the year and it can be a major asset if this continues on for another week.

Dogecoin Nears Breakout as ETFSwap (ETFS) Forecasts Unprecedented 65,000% Surge by 2025

In short, Dogecoin is looking for a breakout as its potential to push ETFSwap (ETFS) is ready to skyrocket by 65,000% by 2025. ETFSwap is next gen DeFi platform which offers tokenized EFTs in areas like real estate and healthcare, with crazy staking rewards and AI tools for smart investments. DOGE’s buzz and the recent rise of market activity is fueling up this hype especially after ETFSwap presales already booming at $0.05769 per token. This means Doge is ready to disrupt the crypto game pretty soon !

Considering the changing nature of cryptocurrency market, analysts are closely monitoring the movements of a particular memecoin named Dogecoin. The reason for this is that many believe DOGE token is on the verge of a probable massive breakout which could lead to an impressive 65K% rally in the price of ETFSwap (ETFS) by 2025.

About ETFSwap

ETFSwap is a DeFi platform that lets users to invest in tokenized ETFs such as real estate and health care which comes with their crazy features like 10X and even 50x returns, not only that, 87% APY is also given for staking. As Dogecoin (DOGE) gears up for its breakout, ETFSwap is also getting ready for huge benefit, with a wuld 65,000% rally predicted by experts till 2025.

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Dogecoin Price Forecast

On November 12, 2024 the price of Dogecoin’s token DOGE is $0.4039 and it holds a 24 hour trading volume of about $30 billion. This impressive report suggests a 44.37% increase of its price over the last 24 hours and a staggering 144.44% increase over the past seven days. It currently holds a total 150 billion DOGE coins circulating worldwide and is valued at a market capitalization of massive $59 billion.

Crypto Inflows Surge Post-Election to $31.3 Billion YTD

In brief, to date, cryptocurrency investment products have seen record inflows of $31.3 billion, with $1.98 billion coming in immediately following the U.S. election. Driven by positive market circumstances and political changes, Bitcoin leads these gains, followed by robust investments in Ethereum and other altcoins.

AUM and Inflows Hit Records

Post-election inflows of almost $2 billion into cryptocurrency products increased year-to-date totals to an all-time high of $31.3 billion and worldwide AUM to $116 billion. With $1.95 billion, the U.S. led this increase.

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Bitcoin Leads Investor Optimism

Bitcoin alone attracted $1.8 billion last week, reflecting renewed investor confidence following the U.S. Federal Reserve’s recent rate cut and political shifts, according to CoinShares’ James Butterfill.

Activity on Ethereum and Other Cryptocurrencies

With $157 million in inflows, Ethereum had its best week since the July launch of the ETF. Blockchain stocks saw $61 million, indicating a wider interest in digital assets, while altcoins like Solana, Uniswap, and TRON also profited.

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Prospects for the Future and Analyst Forecasts

Analysts predict that traditional investors would increase their investments in crypto-focused exchange-traded funds (ETFs) after Trump’s victory. Cameron Winklevoss of Gemini forecasts that the price of Bitcoin will rise further, with a target of $100,000 in sight.

In conclusion, with significant inflows and strong anticipation regarding Bitcoin’s future trajectory, the U.S. election and favorable market circumstances have established a bullish tone for the cryptocurrency space.

Crypto Podcaster Cobie Burns Majority of ‘UPONLY’ SOL Tokens in Bold Move

Crypto Influencer known as Cobie (Jordan Fish) just burned 60% of the Solana meme coin “UPONLY” which was worth $17 million after it was gifted to him. He burned it by distancing himself completely from the token linked to his old podcasts. The burn dropped UPHOLY’s market cap from $45 million to mere $4.3 million. After this, Cobie, who co-hosted UpOnly with Ledger until FTX’s collapse, is now working on a new crypto project called Echo.

Crypto Influencer Cobie (Jordan Fish) sadly just torched 60% of Solana’s meme coin “UPONLY. The coin was issued via Pump.fun on Friday November 8 after the tokens were received as a gift. UpOnly is the name of podcast he runs, which became a meme on Cobie’s former crypto show and an unknown developer even sent  600 million coins to the trader. However, Fish has stated multiple times that he has no ties with this meme token.

Firstly Fish posted a screenshot of swapping UPONLY coins for a dog-themed token called Dogwifhat, then he again shared a pic of him burning the tokens and jokingly saying “This was worth $17 million when I burned it lol.” Maybe he was too naive to realize but in crypto, burning means the tokens are permanently destroyed and taken out of the circulation, which means it was a total waste worth of millions.

Solscan confirmed Cobie burned 600 million UPONLY tokens which dropped the supply to 400 million. The coin’s market cap shot up to $45M before crashing to $4.3M after the burn. After the incident, Cobie’s old podcast which was backed by FTX, decided to part ways. And after the exchange collapsed, he and co-host Ledger moved on to other crypto projects.

As of now Fish is working on a new collaborative crypto angel, Echo, but their activities have largely remained unknown.

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Wiz Khalifa’s Socials Hacked in New Scam Promoting Phony WIZ Meme Coin

Summary

Famous rapper Wiz Khalifa’s socials got jacked by scammers and hyped up some crazy meme coin called WIZ on pump.fun. Crypto sleuth ZachXBT suspects this hacker might be same hacker that snatched Truth Terminal founder’s account too.

On November 4, blockchain detective ZachXBT dropped a screenshot in his Telegram channel, showing a deleted sketchy post from Wiz Khalifa’s X account which was hacked during that time. Wiz Khalifa has about 35.7 million followers, so that scam post got massive reach in a very short time resulting in some people losing money to it. ZachXBT warned followers to not blindly follow such posts quickly as there is high chance of big profiles getting hacked.

The hacker on a now deleted X post, promoted a token called $WIZ which was a pump.fun meme coin and assured users it was safe to buy by saying it was based on Solana. ZachXBT told in his group members to not buy Wiz Khalifa token on pump fun and further claimed this might be the same hacker that hacked Andy Ayrey the other day.

As reported by DEX Screener, the WIZ meme coin boomed by almost 2000%. This led it to hit over $2.5 million in market cap within just 15 minutes after launch. But things didn’t remain this bright for long as early holders quickly dumped loads of the token and the market cap crashed below $28,000 within an hour. This is always what usually happens in such sketchy tokens. As the time of writing, WIZ went down by 90% in the last 24 hour and its market cap is sitting at a tiny $7,900.

Since the meme coin posts got wiped away, Wiz’s account has gone silent. There are no updates on whether his account even got recovered or not. While the hacker’s ID is still missing ZachXBT seems very convinced that its same person that hacked Truth Terminal developer Andy Ayrey’s account recently.

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Hamster Kombat Faces Major Decline, Users Drop 86% Amid Controversy and Criticism

Summary

Hamster Kombat, once, one of the most popular Telegram tap to earn game, just took a massive hit. According to recent reports, number of active users dropped like crazy, from 300 million to just mere 41million. Yep, that’s 86% plunge in just few months.

A report made by Protos highlighted on how Hamster Kombat’s user count has fallen down significantly over the recent months. Hamster Kombat is basically a tap to earn platform available on Telegram. Players control a virtual hamster and battle against another player controlling their virtual hamster, its kinda like a Pokemon game but here players can earn actual money. Its basic play style goes, “you tap, level up and collect rewards”. This easy setup made it quickly appealed by lots of users and its player count was super high at one point but as of recent it is seeing major decline in active players. Its active player count once hit an all time high of 300 million, but now its just 41 million which indicates a major decline. In August, active players totaled 87 million, briefly rising to 94 million in September before falling to 55 million in October, with finally it declined to 41 million by November.

Russian expert Viktor Pershikov earlier warned about players about the games sustainability and noted that many users had unrealistic expectations of rewards. This might be one of the main reasons why its slacking off. Further fueling negative sentiment, Russian official Anatoly Aksakov criticized Hamster Kombat, labeling it “manipulative” and potentially misleading to players.

This had everyone freaked out, which led to Hamster Kombat responding with a disclaimer making it clear they’re not vibing with Gotbit, a firm the SEC called out for sketchy market manipulation moves. Despite this it looks like nothing can save the downfall of Hamster Kombat.

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