All articles tagged with #meme tokens
Kabosu, the dog who inspired the creation of dogecoin and other meme tokens like shiba inu, has passed away at over 17 years old. A farewell party will be held on May 26th in Narita City. Kabosu's viral image led to the creation of dogecoin in 2013, which subsequently inspired a range of dog-themed cryptocurrencies.
Bitcoin surpassed $65,000, nearing its all-time high as bullish bets rose to a record, with meme tokens like Pepecoin surging 30% and trading volumes reaching $3.6 billion. In an insider trading case involving Coinbase's former product manager and others, a U.S. court ruled that certain crypto assets traded on a secondary market are securities transactions. The court's position was taken in a default judgment against one of the defendants.
Bitcoin OG Kyle Chassé predicts that BONK, a meme-themed project on the Solana blockchain, will surpass Shiba Inu in terms of growth and adoption. Chassé believes that meme tokens are driving the adoption of cryptocurrencies, citing the success of Dogecoin, Shiba Inu, and Pepe. BONK has experienced explosive growth, surging 13,623% in the last 90 days, while Shiba Inu and Dogecoin saw much smaller gains. The recent listing of BONK on major exchanges like Binance and Coinbase has further boosted its prominence. The surge in BONK's value is attributed to a 30 million BONK token airdrop available to those who download the Bonk app through the Saga phone dApp store, creating an arbitrage opportunity.
Pepe Coin (PEPE) has become the second-most traded meme token in the world, with a 24-hour trading volume of $212 million. Despite a recent drop in price, PEPE's high trading volume suggests that it may see further rallies in the future, particularly if it gains more exchange listings. However, some traders may prefer to look at newer meme tokens like SpongeBob (SPONGE), which has enjoyed gains of over 2,000% since listing on Uniswap on May 4 and has recently celebrated listings on several exchanges. SPONGE has a smaller supply than many other meme coins and could potentially rise to $0.0006 and $0.0007 in the next few weeks with more exchange listings.
Pepecoin (PEPE), a new token based on the "pepe the frog" meme, has reached a $1 billion market capitalization after debuting last month, with other meme tokens also seeing increased trading activity. The UK's Financial Conduct Authority (FCA) has continued its crackdown on unlawful crypto ATMs, inspecting sites in Exeter, Nottingham, and Sheffield. Crypto exchange Coinbase reported Q1 revenue of $773 million, exceeding analysts' estimates, and trading volume came in at $145 billion. Gold is looking to break out of its three-year trading range, which could bode well for bitcoin, according to Matrixport.