The crypto market displays mixed signals with significant movements in the largest cryptocurrency by market cap, Bitcoin. BTC went down $59k in the past 24 hours with a 3% decline. Traditionally, declines in BTC influence fluctuations across altcoins and meme coins, yet some of them are bucking the trend and
The memecoin sector received the market spotlight in May 2024. The tokens’ activity ranked the highest in the overall monthly analysis. This activity surge was priced in by the memecoin tokens causing notable waves in the overall market. However, the rally has recently died down as highlighted by downward prices
Amidst the recent downturn in the crypto market, Shiba Inu (SHIB) has displayed significant price swings, sinking approximately 14.48% over the last 24 hours to hit a three-month low of $0.0000173, a level not seen since March. This decline reflects broader market movements worsening SHIB’s downtrend. Instead of efforts to
As the cryptocurrency market continues to experience turbulence, recent activity surrounding Pepe Coin (PEPE) has captured significant attention. Despite a downturn in its price, a substantial whale transaction suggests potential bullish momentum. On-chain data tracking platform Lookonchain reported that a significant PEPE trader capitulated, selling all 114.7 billion PEPE for
The celebrity memecoin frenzy has become the talk of the community, as popular personalities stage their artistic disputes into the crypto sector. The famed media personality Andrew Tate launched a memecoin named DADDY on June 11. This is the latest addition to celebrity memecoin shilling on the Solana blockchain. Notably,
While the global cryptocurrency market remains sluggish and is awaiting the release of the US May 2024 Consumer Price Index (CPI) report, which is scheduled for June 12 at 12 p.m. UTC, Baby Doge Coin (BabyDoge) has seen a significant rally, jumping over 38% in the past day from $0.000000001621
Despite a 4.23% drop in Shiba Inu’s price, the memecoin displayed a 2,800% rally in its burn rate over the past 24 hours, removing nearly 8 million tokens from circulation. More than half of this amount was burned in a single transaction about 21 hours ago. The burning mechanism will
Another use-case of Australian singer, Iggy Azalea’s newly-launched token Mother (MOTHER) will be activated from Tuesday. By re-launching her telecom company Unreal Mobile, Azalea links her token in an attempt to expand its use-case and allows the selling of mobile and cell plans in exchange for MOTHER. Moreover, Iggy Azalea
Since the beginning of May, the market has witnessed multiple celebrity memecoin shillings. Following this, famed American wrestler Hulk Hogan’s twitter account saw the release of a memecoin earlier this week. The memecoin named HULK, was launched on the Solana blockchain. HULK witnessed a price hike within the first few
In recent days, the memecoin Floki has been making headlines with its impressive bullish performance, capturing wider attention within the crypto traders. Today, it broke through the anticipated resistance level of $0.0002902, reaching a trading price of $0.000328, marking a significant 25% surge in the past 24 hours. This surge
