Tag Archives: Solana memecoins

Bitcoin

Tron-Based SUN Token Soars 197% Amid SunPump’s Momentum

The memecoin frenzy has reached the Tron Community after the launch of Pump.enjoyable’s rival, SunPum. The brand new memecoin deployer has been making the headlines after surpassing its Solana-based counterpart on key metrics this week.

The platform’s outstanding efficiency up to now two weeks has propelled the community, TRX, and the SUN ecosystem. Because of this, SUN, the native token of the DeFi protocol behind SunPump, has surged over 190% within the final seven days.

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SunPump Takes The Market By Storm

Practically two weeks in the past, DeFi protocol SUN.io launched SunPump, a Tron-based memecoin launcher to rival Solana’s Pump.enjoyable. The undertaking, which has been closely promoted by Tron’s founder Justin Solar, turned the primary memecoin deployer within the blockchain.

Introduced as a “handy and cost-effective token issuance resolution,” the deployer has gained important reputation up to now week. The crypto neighborhood was first skeptical in regards to the undertaking, claiming it probably marked “the top of the memecoin period.”

Nevertheless, its current efficiency has introduced new life to the Tron community, considerably boosting exercise. Dune Analytics information reveals that SunPump has deployed over 33,330 memecoins since its creation, producing over 13.1 million TRX, value round $2 million, in income.

On Wednesday, the platform reached an all-time excessive (ATH) on key metrics, surpassing its Solana counterpart in issued tokens and day by day charges. SunPump made $585,000 in income on that day from creating 7,531 tokens, whereas Pump.enjoyable launched 6,701 and generated $366,000 in charges.

SunPump flips Pump.enjoyable in issued tokens and day by day income. Supply: Adam on X

Tron-Primarily based Tokens See Large Surge

Some traders have capitalized on the brand new memecoin frenzy with a few of the hottest tokens launched within the blockchain. Every week in the past, two animal-themed tokens noticed will increase of over 50,000% and 25,000% after launching.

On the time, SUNDOG reached a market capitalization of $60 million, which granted it to be listed on crypto exchanges Poloniex and HTX. Since then, the dog-themed token has reached a market cap of $322 million, presently at $190 million.

As of this writing, SUNDOG is buying and selling at $0.1918, a 260% worth improve within the final seven days. Equally, SUN, the native token of SUN.io, is among the many largest winners of the week, with a 197% surge propelled by the community’s momentum.

SUN was initially launched in 2021 and reached an ATH of $66 earlier than crashing as a consequence of provide hyperinflation. Since then, the token has been redenominated as a multifunctional governance token on the SUN platform.

Final week, SunPump revealed that 100% of the protocol’s income could be used to purchase again and burn SUN tokens to “help the sustainable growth of the SUN ecosystem.”

Furthermore, Binance Futures introduced on Thursday the launch of the SUNUSDT Perpetual Contract with as much as 75x leverage. This week, the bullish push has made SUN’s worth get away of a multi-year consolidation vary.

After shifting sideways throughout the $0.003-$0.01 worth vary for the previous 4 years, SUN broke above the $0.15 resistance stage on Tuesday. Since then, the token has continued its bullish rally with a 30.4% improve within the final 24 hours. As of this writing, SUN is buying and selling at $0.031 with a market capitalization of $301 million.

Tron, SUN, SUNUSDT
SUN’s efficiency within the seven-day chart. Supply: SUNUSDT on TradingView

Featured Picture from Unsplash.com, Chart from TradingView.com

Bitcoin

Solana-Based Memecoin Rug Pulled By McDonald’s Hacker, Market Cap Plummets 98%

Ronaldo is an skilled crypto fanatic devoted to the nascent and ever-evolving business. With over 5 years of intensive analysis and unwavering dedication, he has cultivated a profound curiosity on the planet of cryptocurrencies.

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Pushed by an insatiable thirst for information, Ronaldo has delved into the depths of the crypto area, exploring its varied aspects, from blockchain fundamentals to market tendencies and funding methods. His tireless exploration and dedication to staying up-to-date with the newest developments have granted him a singular perspective on the business.

One in every of Ronaldo’s defining areas of experience lies in technical evaluation. He firmly believes that learning charts and deciphering value actions offers worthwhile insights into the market. Ronaldo acknowledges that patterns exist throughout the chaos of crypto charts, and by using technical evaluation instruments and indicators, he can unlock hidden alternatives and make knowledgeable funding choices. His dedication to mastering this analytical method has allowed him to navigate the unstable crypto market with confidence and precision.

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Bitcoin

New Memecoin Sensation Neiro Hits $200M Market Cap In 4 Days

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A brand new dog-themed meme coin has taken the crypto market by storm. Impressed by Kabosu proprietor’s new canine, Neiro, a brand new wave of Shiba Inu-themed tokens surged on Solana. Nevertheless, Its Ethereum-based competitor has stolen the present with its stellar efficiency within the final 4 days.

Kabosu’s Sister Sparks New Memecoin Wave

Kabosu, the canine that impressed the legendary Doge meme, handed away in Could. The beloved canine additionally impressed the flagship memecoin Dogecoin (DOGE), and a plethora of Shiba Inu-themed tokens. Its proprietor just lately introduced she had adopted Neiro, a 10-year-old rescued Shiba Inu canine.

Associated Studying: Ethereum Seeing Excessive Change Outflows, However Watch Out For This Bearish Sign

Following the announcement, the crypto neighborhood noticed the launch of a number of tokens impressed by the canine. Most of those tokens had been deployed on Solana, initially pumping to hundreds of thousands in market capitalization.

On its first day, the most important Solana-based Neiro meme coin reached a $100 million market cap. Nevertheless, it has since plummeted over 80% to a market capitalization beneath $20 million, presumably as a result of overabundance of Neiro tokens on the chain.

The token was additionally closely criticized after on-line stories known as out alleged insider exercise from the builders. Blockchain information agency Bubblemaps revealed that the builders of the most important Neiro token deployed on Solana had management of 6% of the token’s provide and finally offered it for $5.7 million.

Since then, the meme coin has seen a large 84% worth drop, going from its all-time excessive (ATH) of $0.12 to buying and selling at $0.019.

Are The Canine Days Again?

The Ethereum-based Neiro stole the present from its Solana counterparts. The token has seen outstanding progress within the final 4 days, hitting a $200 million market cap on August 1.

NEIRO hits a $200 million market cap in 4 days. Supply: Dexscreener

Since its creation on July 27, Neiro has registered a 4,400% surge, shredding two zeros consequently. Moreover, the token reached a brand new ATH worth of $0.20 after hovering 81% from the day earlier than.

Nonetheless, the builders of Ethereum’s Neiro have additionally been accused of insider buying and selling. Following the huge surge, Bubblemaps alerted buyers that the token allegedly “is closely managed.” In line with the report, 78% of the memecoin’s provide was sniped at launch and shortly unfold amongst 400 wallets. The agency revealed that the wallets had offered 12% of their holdings, round $4.5 million, by July 30.

Traders appeared unfazed by the stories, with many calling the report “bullish information.” Others expressed pleasure by the agency’s “fudding,” stating, “Numerous probably the most profitable memes require provide management.”

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Furthermore, many buyers take into account “the canine days are again” and the “Doge legacy continues” with the Ethereum-based memecoin. To an X person, there are just a few the reason why Neiro’s has develop into an in a single day sensation, together with its “SHIB-like narrative,” “concentrated consideration,” and the “return of canine meta that all the time dominates Ethereum bull cycles.”

As of this writing, Neiro is buying and selling at $0.18, a 63% surge within the final 24 hours.

Memecoin, DOGE, DOGEUSDT, NEIRO
DOGE’s efficiency on the one-week chart. Supply: DOGEUSDT on TradingView

Featured Picture from Unsplash.com, Chart from TradingView.com

Bitcoin

Analyst Warns Of A POPCAT Correction Following 230% Surge

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The Solana-based memecoin Popcat (POPCAT) has been making the headlines for the previous week after turning into the primary cat-themed token to achieve a $1 billion market cap.

The token has surged over 230% prior to now month, which propelled the token to a brand new all-time excessive (ATH). Nevertheless, a crypto analyst has warned buyers of a potential correction for the feline sensation.

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POPCAT Leads The Clowder

This month, Popcat has registered a outstanding efficiency. The token started climbing the chart on July 11, breaking above a $900 million market capitalization by July 16. That day, the Solana-based memecoin flipped Ethereum’s MOG and have become the biggest cat-themed token by market cap.

Popcat continued its ascending trajectory, reaching a $1 billion market cap on July 20 and turning into the primary ever cat memecoin to attain this milestone. The next day, the token reached its ATH of $0.9939, in keeping with CoinGecko information.

Popcat hits a $1 billion market cap. Supply: DEGEN NEWS on X

At the moment, the token is the eighth-largest memecoin by market cap, sitting above Cat in a canine world (MEW) and MOG. MEW has additionally seen a outstanding efficiency prior to now week, with a 98.2% surge within the final seven days.

Throughout Q2, the cat-themed tokens noticed large progress and infiltrated the highest 10 memecoin listing. Furthermore, a CoinGecko survey revealed the class grew to become the 14th hottest crypto narrative within the second quarter.

Is A Correction Looming?

Following its current efficiency, some crypto analysts and buyers thought-about that “Popcat is trying good.” Group Lambo Charts shared on X that the memecoin had “one other recent breakout carried out” earlier right this moment.

Per the submit, the token broke out of the downtrend line after efficiently retesting the $0.84 mark. If the cat-themed memecoin continues to carry above this worth vary, the analyst believes a retest of the $1 resistance degree is feasible. Primarily based on this, he set an preliminary $1.08 goal “for the general 25% transfer quick time period.”

VikingXBT, one other market watcher, additionally commented on the token. To him, Popcat’s efficiency following its ATH “is smart on the decrease timeframe.”  The analyst identified that the token “hit the psychological goal lots of people had.”

He acknowledged that the present retraces and retest of the previous resistance are “molto buono.” Moreover, he prompt that buyers embrace themselves “with a little bit of endurance” whereas the token resumes its climb.

Nonetheless, not all analyses are assured in regards to the memecoin’s current efficiency. On Monday, famend analyst Altcoin Sherpa shared his ideas on X. Per the analyst, the chart “seems respectable nonetheless however could be involved if this prints a decrease excessive/shoulder.”

Popcat
Altcoin Sherpa warns of potential decrease excessive/ shoulder. Supply: Altcoin Sherpa on X

Sherpa thinks that if it occurs, and Popcat begins to unload, “all cat beta goes to die.” Nevertheless, the analyst clarified he’s nonetheless bullish for now as he believes that cat-themed memecoins “will do fairly effectively and play catch up.”

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As of this writing, the biggest cat-themed cryptocurrency registers a 12% and 27% improve within the every day and weekly timeframes.

popcat, POPCATUSDT
Popcat’s efficiency within the weekly chart. Supply: POPCATUSDT on TradingView

Featured Picture from Unsplash.com, Chart from TradingView.com

Bitcoin

Over 1 Million New Crypto Tokens Launched Since April

The crypto neighborhood created over a million tokens throughout all chains up to now month, with Solana and Ethereum main the crypto token frenzy. In keeping with Coinbase’s director, these numbers doubled the tokens created in Ethereum between 2015 and 2023.

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Over 22,000 New Crypto Tokens Created Every day

Coinbase’s director Connor Grogan shared on X that 1 million tokens have been launched since April 1, 2024. The tokens created within the Ethereum Community account for 36% of the overall quantity, with 372,642 tokens launched up to now month and a half.

In keeping with Dune Analytics, 327,553 tokens, round 88% of the overall, have been launched on the Layer-2 blockchain Base. The surge was seemingly propelled by the memecoin frenzy that has taken over this cycle.

The creation of tokens has exponentially elevated since April. Supply: Dune Analytics

Moreover, Ethereum and Arbitrum noticed a considerably smaller variety of new crypto tokens launched, with 21,474 and 19,284 new tokens, respectively.

Nevertheless, Solana took the crown after seeing the creation of 643,227 tokens since April 1. Out of these, 464,563 are memecoins, per Dune Analytics. Furthermore, Grogan highlighted that Solana registers a median of 20,000 new tokens every day.

As reported by Solana Ground, on Monday, the blockchain reached a brand new all-time excessive (ATH) in newly created tokens, with 23,000. This could possibly be attributed to the market pump propelled by the return of famend crypto dealer Roaring Kitty. Since his comeback to social media, a number of new memecoins have been created, and the highest ones have surged.

The crypto neighborhood reacted to the astonishing numbers, with many expressing issues. One consumer identified that almost all of those tokens are “simply spam to farm sniper bots.” He alleged that some individuals launch tokens “simply to rug pull bots that auto-bought.”

One other consumer playfully added, “The ethical of the story is don’t purchase initiatives created after February 2024.” This yr, buyers have seen many undertaking launches promising large returns. As an alternative, buyers have suffered rug-pull and different scams.

Overabundance Of Altcoins?

On the finish of April, DeFi researcher and Web3 investor Thor Hartvigsen pointed out that whereas solely 4 months into the yr, the market had seen an enormous improve within the provide of altcoins.

Consequently, this improve accounted for $8.6 billion in extra liquid provide injected into the market. Hartvigsen added that crypto initiatives will unlock $70.5 billion through the years, with many tokens launched in 2023 “additionally unlocking this yr with many cliffs ending.”

Furthermore, the market observer highlighted that the typical float in market capitalization and totally diluted valuation (FDV) for the tokens launched in Q1 2024 was simply 13.6%.

crypto
Record of among the altcoins launched in Q1 2024. Supply: Thor Hartvigsen

To him, that is solely “the tip of the iceberg,” because the crypto market will proceed to be flooded with new provides and tokens. He provided a listing of classes he believes will see the best variety of new tokes this yr.

His record included Modular Infrastructure protocols, Liquid Restaking Tokens (LRTs), Bridges and Cross-Chain Messaging options, and Perpetual Decentralized Exchanges (DEXes).

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On Tuesday, DeFi researcher Ignas shared a listing based mostly on the just lately launched low-float tokens shared by Hartvigsen. In keeping with him, these tokens are down by 63.6% on common.

In keeping with the researcher, tokens like JUP, ONDO, and STRK have registered a 49.2%, 30.5%, and 74.2% lower from ATH costs.

crypto, TOTAL
The overall crypto market capitalization is at $2.28 trillion, in line with the weekly chart. Supply: TOTAL on TradingView

Featured Picture from Unsplash.com, Chart from TradingView.com

Bitcoin

Memecoins Resurgence? POPCAT And MEW Surge 20%

Because the crypto market settles in on this new section of the crypto cycle, some memecoins have proven exceptional efficiency over the past couple of days.

Cat-theme tokens have considerably grown in recognition throughout this bull run, with some, like Cat in a Canine’s World (MEW), making it to the highest 10 memecoins record. Different feline-inspired tokens like Popcat (POPCAT) and Wen (WEN) have had a stellar week after current partnerships that triggered the worth to surge by 20% in a single day.

Was The Memecoin Surge Fueled By Bitcoin?

The memecoins sector has been dominated by canine, with tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) being the flagship memecoins for the previous few years. Throughout this bull cycle, dog-themed tokens like Bonk (BONK) and dogwifhat (WIF) have been the discuss of the city, and a number of the tokens with the strongest efficiency.

Since its launch in January 2023, Bonk has surged round 4291%, whereas WIF has soared about 1512% since December 2023. Furthermore, the sector has proven stellar performances with cryptocurrencies like PEPE and E book of Meme (BOME).

Bitcoin (BTC) has dominated this cycle alongside memecoins, as highlighted by prime crypto analysts like Alex Krüger and Altcoin Sherpa. Nevertheless, their efficiency has been strongly co-related to BTC’s typically.

The remainder of the market has gone down with Bitcoin every time the flagship cryptocurrency faces a powerful retrace. Consequentially, when BTC has recovered, most sectors, together with memecoins, have regained their ranges. It’s value noting that some tokens like Popcat have continued to carry out nicely, even in the course of the current rally slowdowns.

On Thursday, Bitcoin efficiently examined the $59,000 resistance stage after spending most of Could’s first days hovering between $57,000-$58,000. Within the final hours of the day, the biggest cryptocurrency seemingly turned the resistance stage right into a help zone, pumping the worth of a number of memecoins.

Consequently, the memecoin market was 9.46% up on Thursday evening. Equally, cat-themed tokens have been up by 22.09% with a market capitalization of $1.581 billion, per CoinMarketCap information.

Cat-Themed Memecoins Take The Lead With Popcat

Regardless of dominating the memecoins market, canine-inspired tokens have misplaced some floor in opposition to the growing recognition of feline-inspired ones. Whereas the cats’ tokens had elevated over 20% within the earlier 24 hours, the canine’ sector solely surged 3.7% in the identical timeframe.

Over the previous few days, cat-themed memecoins have been among the many prime gainers within the crypto market. For example, Popcat has remarkably maintained its upward trajectory in the course of the current retrace and likewise joined the highest 10 memecoins record.

Popcat, which appears to be constructing a loyal neighborhood, has constantly proven double-digit acquire percentages this week. As reported by SolanaFloor, the token momentarily flippled BOME with its $570.3 million market capitalization.

Furthermore, as Bitcoin reclaimed the $59,000 stage, the cat-themed token noticed a 31% value improve within the day by day timeframe. This made Popcat the biggest gainer among the many prime ten memecoins.

In accordance with memecoin analyst Murad, Popcat will surge to $5-10 within the short-term as “the Topped High Cat.” Because the token reached its all-time excessive (ATH) of $0.618 on Thursday, the dealer highlighted a number of targets, together with a long-term $20 state of affairs.

Murad's prediction for POPCAT. Supply: X

Murad expects the token “to go to $1 shortly” subsequent time it closes above $0.63. Per the analysts, “It’s Cat Season child and $POPCAT is in management.”

MEW Stays A Well-liked Cat

A month in the past, MEW joined the canine’ pack after changing into the eighth largest memecoin by market capitalization. Since then, the lonely cat’s efficiency has struggled, with a 51.8% and 28.4% value lower within the month-to-month and weekly timeframes.

Regardless of the current drop in efficiency, the token has remained one of many hottest matters amongst altcoins. On Monday, crypto trade Bidget topped MEW as probably the most searched altcoin on the trade, beating PEPE and SOL on the “#BidgetTrendingSpot.”

On the time of writing, the token has proven a exceptional 12% value restoration within the final 24 hours, presently buying and selling at $0.00424.

memeocoins, cat-themed memecoins, Poppet, POPCATUSDT

POPCAT is buying and selling at $0.5389 within the weekly chart. Supply: POPCATUSDT on TradingView

Featured Picture from Unsplash.com, Chart from TradingView.com

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