LOS ANGELES, July 26, 2024 (GLOBE NEWSWIRE) — Moonmemecoin is excited to announce the highly anticipated pre-sale of its innovative cryptocurrency, set to begin on August 18, 2024. This event marks a significant milestone in the memecoin landscape, providing enthusiasts and investors a unique opportunity to acquire Moonmemecoin at the lowest price before its official listing on major exchanges.

Moonmemecoin is set to introduce a new wave of decentralized cryptocurrency, empowering its community just like Bitcoin. The project focuses on community-driven growth, with all power and decision-making in the hands of its users. This approach aligns with the core principles of decentralization, ensuring transparency, inclusiveness, and fair distribution.

The pre-sale event, held on Moonmemecoin.iooffers early adopters the opportunity to invest in Moonmemecoin at a preferential rate. This strategic pricing is intended to reward early supporters and foster a strong community base before the coin is officially listed on major cryptocurrency exchanges. Investors can look forward to a promising future as Moonmemecoin aims to be listed on CoinMarketCap and among the top 10 cryptocurrency exchanges in the world.

Moonmemecoin Presale Highlights:

1. Presale date: The pre-sale begins on August 18, 2024, offering a limited-time opportunity to acquire Moonmemecoin at the most favorable price.
2. Decentralized vision: Like Bitcoin, Moonmemecoin is committed to decentralization, placing all power and control in the hands of its community members.
3. Upcoming announcements: Moonmemecoin is set to be listed on CoinMarketCap and aims to be among the top 10 cryptocurrency exchanges, increasing its visibility and accessibility.
4. Community-centered approach: The project prioritizes community involvement, ensuring that Moonmemecoin’s growth and success is driven by its users.
5. Exclusive pre-sale benefits: Early participants in the pre-sale will benefit from the lowest prices, thus positioning themselves advantageously for future trading and investment opportunities.

Moonmemecoin is more than just a cryptocurrency; it represents a movement towards true decentralization and community empowerment in the memecoin space. The upcoming presale is an invitation for investors and enthusiasts to join a dynamic and innovative project that aims to redefine the memecoin landscape.

For more information and to participate in the presale, visit www.moonmemecoin.io.

About Moonmemecoin

Moonmemecoin is a decentralized cryptocurrency designed to empower its community through transparent and inclusive decision-making processes. Inspired by the success of Bitcoin, Moonmemecoin is dedicated to fostering a community-driven approach to growth and development. With an upcoming presale and plans to list on major exchanges, Moonmemecoin is poised to make a significant impact in the memecoin world.

Media contact:

Rachel Harris
Pulse Media
info@pulsemediapr.com

Twitter: https://x.com/Moonmemeco32909
Telegram: https://t.me/+Ge9LJraGcAQwZGQ0

A photo accompanying this release is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a71734a0-62ba-448b-998d-b8ca3e90eecf

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Recently, the crypto community has witnessed the rise of a new memecoin frenzy with celebrity-endorsed cryptocurrencies. Solana-based tokens have seen massive gains, but have mostly become pump-and-dump scams.

Nearly two months later, most of these tokens’ prices have declined significantly from their all-time highs. However, the MOTHER community, one of the most successful celebrity memecoins, has defended its crypto champion against criticism.

The Rise of Solana-Based Celebrity Memecoins

In late May, Olympic athlete and reality TV star Caitlyn Jenner spear its Solana-based JENNER token. The news surprised the crypto community, which initially suspected that the gold medalist had been hacked.

Jenner was then joined by rapper Rich The Kid and his RICH token. Both memecoins were met with suspicion by the community and were immediately investigated.

Users were quick to point out that the orchestrator behind the memecoins was a “crypto influencer” named Sahil Arora. Arora was known to be an alleged serial scammer who had previously launched several tokens, including influencer memecoins.

According to reports, these tokens were part of a pump-and-dump scam that left most investors empty-handed. Jenner initially confirmed working with the alleged scammer, but eventually cut short all associations.

After Jenner, several other celebrities have launched tokens with Arora’s help, including Lil Pump, Davido, Trippie Red and MoneyBagg Yo. Australian rapper Iggy Azalea has also been related to Arora’s scam when launching his Mother Iggy (MOTHER) token.

Despite the allegations, Azalea assured her followers that she had joined the crypto community and launched MOTHER to stop Arora’s attempts to use her image to scam people.

Since then, the industry has seen many other celebrity token launches, some linked to Arora and others being alleged hacks. The list includes figures such as MetallicaAndrew Tate, Hulk Hogan, 50 Cent and many more.

Many celebrity tokens launched in the last two months have seen massive price gains. JENNER saw its ATH increase by 51,000%, while MOTHER increased by 5,552%.

MOTHER performance in the weekly chart. Source: MOTHERUSDT on TradingView

Celebrity Tokens Fall

Online reports revealed The 30 Solana memecoins launched since May have fallen an average of 94%. According to Web3 strategist Slorg, even the best-performing celebrity tokens “are down over 70%” from their ATH prices.

Inspired by Andrew Tate DAD ranks as the smallest loser among tokens, down 73.2%. Meanwhile, JENNER and MOTHER follow closely with declines of 75% and 78.7%.

Just a month after their launch, “exactly half of them are down over 99%, and another 7 are down over 90%.” Additionally, 22 of the 30 tokens have a market cap of less than $1 million, and only 4 have a market cap of over $10 million.

Celebrity tokens fell 94% one month after launch. Source: Slorg on X

Although most of the tokens have been abandoned, some celebrities continue to promote them, occasionally posting about them. But with “only 40% of them tweeting about the token at least once in the past week, most have followed the same trajectory, with an initial surge and then nothing.”

Some community members have called the celebrity meta “pure exploitation, engagement farming of their fan base.” However, the MOTHER community has defended the token following the report.

A user X declared that “Iggy should be included in this group” because she seems to be “working her butt off, hasn’t sold a single token, spends hours communicating with holders.” Another user called MOTHER’s launch “an example of what we would hope for from a celebrity.” affirmed that the token “would be an excellent model to follow.”

At the time of writing, MOTHER is down 23.1% over the last 24 hours, trading at $0.059. Its current price, however, represents an increase of 103.6% over the weekly timeframe.

Featured image from Wikipedia.com, chart from TradingView.com

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Celebrity memecoins deployed on the Solana network’s pump.fun protocol have suffered a sharp decline. Nearly all of the value of these projects has been wiped out, leaving investors and fans of the celebrities the tokens were modeled after suffering huge losses.

While some of these projects took a few months to launch, many were pump and dump scams, leaving users in the lurch within hours of launch. Those that did last for a while didn’t do so for more than 3 months, showing that lack of real utility may not support assets in the long run, with a few exceptions like the top memecoins.

Of course, no celebrity-related asset has ever seen such a surge, which poses serious concerns for unsuspecting fans lured into investing in these assets by their favorite celebrities.

Crypto analyst Slorg highlighted the celebrity memecoin trend that is occurring during this bull market on X, manufacturing Striking revelations. “Below is a table of all 30 celebrity tokens launched on Solana in June. Every single one of them is down. Place your bets accordingly.”

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The cryptocurrency market is experiencing another trend reversal, with major assets trading in the green zone today. Bitcoin has gained 4.5% in the last 24 hours and is on the verge of regaining the $67,000 level.

The sudden market rebound is likely due to positive economic data from the United States. The US GDP grew by 2.8% in the second quarter of 2024, surpassing experts’ expectations. Investor confidence seems to have improved as they direct their funds towards risky assets, such as cryptocurrencies. With inflation slowing, it is highly likely that the Federal Reserve will cut interest rates very soon.

That said, let’s look at three memecoins you might want to watch this weekend.

Top 3 Meme Cryptocurrencies to Watch This Weekend

Shiba Inu (SHIB):

Source – Token Measurements

SHIB is probably the most popular memecoin after Dogecoin (DOGE), the original memecoin. SHIB is a popular choice among new investors due to the asset’s incredible performance during the 2021 bull run.

Also read: Top 3 cryptocurrencies to watch this weekend

SHIB gained 3.8% on the daily charts and could continue its rally over the weekend. CoinCodex anticipate SHIB is expected to reclaim the $0.00002 level this weekend, reaching $0.00002107 on Sunday, July 28, 2024.

dogwifhat (WIF):Source: Twitter

WIF has been among the best performing cryptocurrencies in recent months. The asset has gained over 63% in the past two weeks and over 27% in the past month.

Like Shiba Inu, the Solana-based memecoin is also expected to continue its rally over the weekend. predicted WIF will reach $2.72 on Sunday, July 28, 2024.

Popcat (POPCAT):Source: The Coin Republic

POPCAT is among the best performing cryptocurrencies right now. The feline-themed memecoin is up nearly 99% in the last 14 days and 92.5% in the past month.

Also read: Top 3 cryptocurrencies to watch this week: July-end 2024

CoinCodex Data suggests that the memecoin will continue to rally in the coming weeks, reaching new highs.

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