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Layer-2 Meme Coin Pepe Unchained Passes $8M Mark in Presale
Aug 12, 2024
Pepe Unchained (PEPU) is making waves in the cryptocurrency world. The meme-inspired project has raised $8.2 million in its ongoing presale. PEPU tokens are currently priced at $0.009 each. This price is set to increase in 24 hours. The project accepts ETH, USDT, BNB, and credit card payments. No hard cap or end date for the presale has been announced. Speculation is rife about a potential DEX listing post-presale. Uniswap is the frontrunner, given PEPU's ERC-20 status. The project's whitepaper outlines its token allocation strategy. 10% of tokens are earmarked for liquidity. 20% will fund marketing efforts. Another 10% is allocated to "Project Finance". But PEPU isn't just another meme coin. It's got big plans. The team aims to create a Layer-2 network specifically for meme coins. They're promising some hefty upgrades. PEPU claims it'll be 100 times faster than Ethereum. It'll have its own block explorer and instant bridging to Ethereum. The kicker? Lower transaction fees. If they pull it off, it could be a game-changer. Meme coin creators might flock to the platform in droves. There's more to PEPU than just tech promises. It's offering a "double staking" feature with a 236% annual yield. Over 678 million PEPU tokens are already locked up. The crypto community is taking notice. PEPU's Twitter following is growing by hundreds daily. It's nabbed top spots on ICOBench.com and CoinSniper.net. YouTubers are jumping on the bandwagon too. Zach Humphries, with his 150k+ subscribers, sees "big potential". ClayBro dubbed it the "top meme coin coming up". But let's not get carried away. The meme coin space is volatile. PEPU's got buzz, sure. But can it deliver on its promises? We'll have to wait and see. As 2024 winds down, all eyes are on this frog-themed project. It's either going to leap forward or croak under pressure. Either way, it's one to watch.
SHIB Bounces Back: Whales Snap Up 9 Trillion Tokens
Aug 06, 2024
Shiba Inu (SHIB) has staged a dramatic comeback. The meme token surged 19% in 24 hours. Its price hit $0.00001337. This follows a broader crypto market recovery of 6%. The bounce comes after a brutal week. SHIB is still down 20% over seven days. Yesterday was one of the worst days for crypto in years. The token has lost 18% in a month. But it's not all doom and gloom. SHIB boasts a 39% gain year-on-year. The recent dip triggered a frenzy of whale activity. Big players seem to be gobbling up discounted tokens. The numbers are eye-popping. Whale activity shot up 588%. A whopping 9 trillion SHIB changed hands. These are transactions worth $100,000 or more. Technical indicators suggest SHIB is finding its footing. The RSI bounced from 20 to over 50. It's losing steam but still looks promising. The 30-day moving average is creeping up towards the 200-day line. Some traders couldn't resist the fire sale. Large transaction volume skyrocketed from 1.53 trillion SHIB to 9 trillion. Not all of this is buying, but it's a massive uptick. This whale action could fuel SHIB's recovery. But don't get too excited. We need the broader economy to play ball for sustained growth. Right now, the US job market is giving everyone the jitters. But here's the twist: bad news might be good news. It could push the Fed to cut rates sooner. SHIB isn't just another meme coin. It's got an ecosystem. There's ShibaSwap, its own DEX. It's got a layer-two network. And let's not forget Shiba Eternity, the addictive P2E card game. Looking ahead, SHIB could hit $0.00002 by Q4. By year-end, $0.00004 isn't out of the question. But in crypto, nothing's certain. Buckle up, it's gonna be a wild ride.
Harris Meme Coins Surge as VP Shifts Crypto Stance
Aug 05, 2024
Two meme coins linked to Kamala Harris have seen wild swings. It's a bit bonkers, really. The moves come as the VP pivots on crypto policy. HARRIS is up 115.46% in 24 hours. It's trading at $0.001936. The coin's market cap is $1.66 million. Its 24-hour volume hit $545,423. HARRIS has a fully diluted market cap of $1.94 million. Nearly a billion tokens are circulating. But trading volume dipped 16.06% yesterday. KAMA, another Harris-themed coin, is showing different moves. It's up 26.7% to $0.01718. KAMA's market cap stands at $17.13 million. KAMA's 24-hour volume reached $10.15 million. Its fully diluted valuation matches its market cap. About 995.5 million KAMA tokens are out there. KAMA's had a rocky ride lately. It's down 25.4% over seven days. But it's still up 55.8% over two weeks. Talk about a rollercoaster. These swings reflect mixed feelings about political shifts. The crypto world's been on edge lately. No one knows what's coming next. Harris is trying to mend fences with crypto folks. She's the likely Democratic nominee now that Biden's out. She's keen to rebrand the party as crypto-friendly. The SEC's been a thorn in crypto's side. Gary Gensler, Biden's pick for chair, isn't exactly popular in the community. Harris wants to change that perception. Word is, she's chatting up big players like Coinbase and Ripple. She's trying to distance herself from the old guard's tough stance. It's a gamble that could make or break her campaign.
Mysterious Whale Moves $4.22 Million Worth of PEPE to Binance, Shaking the Market
Aug 02, 2024
The meme coin market is in a tizzy. PEPE's price has taken a 5.11% nosedive in the past 24 hours. This drop comes amid a broader market decline. Meme coins are down an average of 4.01%. A whale transfer has stirred the pot. On August 1st, a significant player moved 400 billion PEPE tokens to Binance. The transfer was worth a cool $4.22 million. Lookonchain, a blockchain analysis platform, spilled the beans on Twitter. "A whale deposited 400B $PEPE($4.22M) to #Binance to take profits in the past hour," they reported. The whale's not done yet. They still have 395.93B PEPE tokens, worth $4.18 million. This whale's got some serious gains. Their total profit on PEPE stands at $5.85 million. That's a whopping 230% return on investment. Talk about a lucky catch! PEPE's troubles aren't new. The token's been on a downward spiral. It's fallen 15.52% below last Friday's prices. Other altcoins are feeling the heat too, but PEPE's drop is more pronounced. Traders are buzzing with activity. PEPE's trading volume has shot up by 34.50% in the past day. It now stands at 820.88 Million. The whale transfer seems to have kicked off PEPE's decline. Despite attempts at recovery, the token looks set for more downside. The relative strength index (RSI) is stuck below the 50 mark. It's currently at 40, indicating shaky investor confidence. Technical indicators paint a gloomy picture. Both short-term and long-term trends point south. Traders should keep an eye on the $0.00000918 support level. But PEPE's woes might not be all its own doing. The US Federal Reserve's decision to hold interest rates could be a factor. Meme coins often dance to the tune of wider market trends. While PEPE struggles, a new player is making waves. Pepe Unchained ($PEPU) is turning heads. It's not just another meme coin. It's tackling real issues like transaction speeds and fees. Pepe Unchained operates on its own Layer 2 chain. This setup offers lower fees and faster transactions. It's already raised a hefty $6.5 million in its presale. Transparency is Pepe Unchained's strong suit. It's undergone two audits and has its own block explorer. Investors can track all transactions on its unique chain. The presale price is currently fixed at $0.0082596. Early birds are earning a juicy 284% APY. It's a tempting opportunity, even in these choppy market waters. As PEPE grapples with its whale-induced troubles, Pepe Unchained is making a splash. The meme coin landscape is evolving. It's out with the old, in with the new. Buckle up, folks. The crypto rollercoaster isn't slowing down anytime soon.
Meme Coins Dying? Experts Claim Viral Tokens Running Out of Steam
Aug 02, 2024
Meme coins have dominated crypto chatter since NFTs took center stage during the pandemic. A recent CoinGecko report reveals they're no joke. Meme coins, real-world assets, and AI accounted for 36% of crypto narrative market share in Q2. But soon that might all be in the past. Meme coins alone made up four of the 15 most popular crypto narratives. They drove spot trading volume on decentralized exchanges (DEXs) up 16% quarter-on-quarter. The top 10 DEXs traded $371 billion in crypto between April and June. Solana DEXs, the meme coin hotspot, saw the biggest jump. Centralized exchanges (CEXs) didn't fare as well. Spot trading volume on leading CEXs fell 12% to $3.4 trillion. Regulatory heat and underperforming VC-backed tokens were to blame. Binance took a hit, but Bybit climbed to second place. It nabbed nearly 13% of total trading volume in Q2. But the meme coin party might be winding down. Analysts point to shifting investor sentiment and market conditions. CoinMarketCap reports meme coin traffic dropped from 23% of total web traffic in Q2 to 15% in early July. Ryan Lee, chief analyst at Bitget Research, told Cryptonews: "Investors may shift towards projects with stronger fundamentals, especially in an economically uncertain market environment." He added, "As the crypto market matures, people increasingly prefer projects with clear use cases, utility, and strong development teams." Meme coins thrive on viral marketing and social media hype. But this can lead to market saturation. It's tough for new meme coins to stand out. In Q2, Solana and Coinbase's Base blockchain saw the most popular launches. Over 1.2 million tokens were released on Solana's Pump.fun, generating $48 million in revenue. By July 30, Pump.fun had raked in more than 506,000 SOL, worth around $93 million. Cat-themed coins like Shark Cat were all the rage. Celebrity-backed tokens also made waves. These included Caitlyn Jenner's JENNER, rapper Iggy Azalea's MOTHER, and Andrew Tate's DADDY. Meme coins' reliance on social media trends is their Achilles' heel. Many crash and burn once the hype dies down. Take BALD, for example. This Base token mocking Coinbase CEO Brian Armstrong soared 3,000% before crashing to zero a day later. The devs vanished with $26 million in liquidity. That's just one of the risks in the meme coin game. Most are purely speculative. Only a handful, like DOGE, Pepe, Floki, and Shiba Inu, have hit $1 billion market caps. The rest? They're struggling to keep their heads above water. Lee predicts tough times ahead for meme coins in Q3. "The trend of declining popularity for meme coins may continue, particularly if broader market conditions remain uncertain or bearish," he noted. He added, "It could result in decreased trading volumes and stagnant prices for many meme coins." But it's not all doom and gloom. Celebrity endorsements could breathe new life into meme coins. Case in point: Solana's Water token. It shot up 350% after football star Lionel Messi's Instagram post. But even Messi's magic couldn't save it from a 95% plunge since its June 26 high. The recent Bitcoin halving might also give meme coins a boost. As traders look beyond Bitcoin, meme coins could capture speculative interest. But without real utility, even star power might not be enough to keep these tokens afloat.

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