Memecoins
Hulk Hogan’s $17 Million Rug Pull Allegations
Celebrity memecoins have been the talk of the town over the past couple of weeks. A trend that reemerged in late May has quickly become one of the biggest stories around the crypto community.
The industry has witnessed controversies, rug pulling and Vitalik Buterin’s thoughts on celebrity tokenism frenzy. In the most recent development of the phenomenon, WWE wrestler Hulk Hogan has beefed with Australian rapper Iggy Azalea.
Celebrity Memecoins a week later
Despite the trend that started around May 20 with influencer tokens, celebrity tokens did not gain popularity until reality TV star and Olympian Caitlyn Jenner spear his memecoin JENNER. Alongside Jenner, rapper Rich the Kid joined the crypto community with RICH.
However, both tokens were surrounded by controversy after it was revealed that alleged serial scammer Sahil Arora was involved in the launch. Several other artists and personalities have joined the crypto space to launch their memecoins, including Lil Pump, Davido, Trippie Red and MoneyBagg Yo. Some of these launches appear to be linked to Arora scams.
A week later, most celebrity memecoins saw a significant rise. price drop or ended up becoming a rug pulling scam. JENNER, who started the celebrity craze, is currently down 81% from her all-time high (ATH) recorded on May 27.
The Olympian token, described as “the goddess of Solana,” rose from around $0.04273 to $0.009072. This significant decline also reduced its market capitalization from its peak of $30 million to $7.5 million.
Hulk Hogan fights his mother and abandons his fans
On Thursday, former professional wrestler Hulk Hogan took to X to announce the launch of his Hulkmania (HULK) token. The memecoin soared 500% in two hours and quickly reached a market cap of $17 million.
The launch turned sour when investors discovered that Hogan had sold his HULK bag and deleted his posts mentioning the token. Within minutes, the token’s market cap dropped to $2 million.
HULK collapses after Hogan deletes the messages. Source: Kermit on X
During the hours that Hogan’s X account was promoting the token, the retired wrestler was apparently targeting Azalea and MOTHER. In an X-rated post, Hogan responded to Azalea saying: “You suck at pumping. $HULK has the real milk.
Additionally, he shared two now-deleted Instagram posts featuring the Australian rapper. In one, Hogan Azalea’s profile picture and the caption: “Sahil doing his best.”
Before deleting all of its HULK related articles, Hogan shared an Instagram story claiming he had been hacked. According to the post, none of the posts were from him and would be deleted soon. Later, his X account was completely deleted and comments on Instagram were restricted.
The crypto community grew concerned as the mention of Arora’s name suggested his involvement in the scam. However, it is unclear if Hogan’s website, Instagram and his X account were all hacked or if the retired wrestler’s team was involved.
Vitalik Buterin vs. Koala Vitalik?
Earlier this week, Ethereum founder Vitalik Buterin criticized the current celebrity token phenomenon. On X, Buterin said he was “pretty unhappy” with celebrity experimentation in the crypto space.
Buterin explain his concern about launching tokens with no other purpose than being a get-rich-quick scheme. Additionally, he suggested some features that celebrity memecoins should have so that he “would be more willing to respect them.” The list included a “public good purpose it serves.”
To her criticism, Azalea responded by saying that Buterin “was just hungry.” Furthermore, she seems appointed a Koala named after the founder of Ethereum. The rapper uploaded a video announcing that donations saved another Koala. Her name? Koala Vitalik.
Azalea has launched a “MOTHER fund” to help save koalas infected with chlamydia. For the past week, the rapper has received donations in memecoins and several cryptocurrencies for the Koala cause.
Additionally, Azalea gives it a symbolic utility. The rapper spear a Mother merchandise store that accepts MOTHER as payment. Ultimately, the token continued to soar after hitting new ATHs and recently surpassing the $200 million market cap.
MOTHER is trading at $0.2055 on the weekly chart. Source: MOTHERUSDT on Trading View
Featured image from Unsplash.com, chart from TradingView.com
Memecoins
Memecoins dominate major derivatives in terms of open interest | Flash News Detail
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Memecoins
Have a profitable August with Shiba Inu and Mpeppe (MPEPE) Don’t miss the winnings
August offers investors a unique opportunity to capitalize on the potential gains offered by Shiba Inu (SHIB) and Mpeppe (MPEPE)These two memecoins take advantage of the viral nature of internet memes and popular culture, attracting a diverse and enthusiastic audience. In this article, we’ll look at why Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for gains this month and why you shouldn’t miss out on the potential profits.
The viral power of memecoins
Memecoins have the inherent ability to leverage the viral nature of internet memes and popular culture references. This can lead to rapid spread of the cryptocurrency’s brand and message across various online platforms, potentially appealing to a broader and more diverse audience. Shiba Inu (SHIB) and Mpeppe (MPEPE) are great examples of how this viral potential can translate into substantial community growth and market presence.
Shiba Inu: riding the wave of popularity
Shiba Inu (SHIB) has established itself as a major player in the memecoin space. With its cute canine mascot and strong community support, Shiba Inu (SHIB) has gained a significant following. The coin’s ecosystem continues to grow, with projects like ShibaSwap adding to its utility and appeal. Investors are optimistic about Shiba Inu’s future, expecting it to ride the wave of popularity that has kept it in the spotlight.
Ecosystem expansion
THE Shiba Inu (SHIB) The Shiba Inu (SHIB) ecosystem is constantly expanding, offering new features and utilities that enhance its value proposition. Projects like ShibaSwap provide users with opportunities to stake and earn rewards, making Shiba Inu (SHIB) more than just a meme currency. This expansion helps solidify its market position and attract a wider audience.
Balancing humor and professionalism
Mpeppe (MPEPE) offers a unique and light-hearted approach to the serious world of digital assets, balancing humor and professionalism. Inspired by internet memes and the dynamic energy of football fans, Mpeppe (MPEPE) is quickly gaining traction in the crypto community.
Mpeppe (MPEPE) offers an opportunity to reach a younger demographic and tap into the viral nature of internet culture. By balancing humor and professionalism, Mpeppe (MPEPE) appeals to a wide audience, from casual meme enthusiasts to serious investors. This strategy is similar to the one that made Shiba Inu (SHIB) so successful, but with a modern twist.
Expanding Reach and Adoption
Mpeppe’s (MPEPE) ability to leverage internet culture means it has the potential to rapidly expand its reach and adoption. The memecoin’s branding and community-driven approach make it accessible and appealing, much like Shiba Inu (SHIB) in its early days.
Why August is the month to invest
As the cryptocurrency market experiences a surge in interest, August presents a great opportunity to invest in promising assets like Shiba Inu (SHIB) and Mpeppe (MPEPE) Both coins are well positioned to capitalize on the growing interest in memecoins, driven by their unique appeal and active communities.
Conclusion: Don’t miss the benefits
Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for a profitable August, leveraging their viral potential and strong community support to attract a diverse audience. With the cryptocurrency market in full swing, now is the perfect time to consider investing in these promising memecoins. Just as Shiba Inu (SHIB) captivated the crypto world with its unique appeal, Mpeppe (MPEPE) is poised to make its mark. Don’t miss out on the potential gains these innovative digital assets have to offer.
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Memecoins
Solana down 8% as its coins Dogwifhat, Billy and Neiro fall further
Solana, the fifth-largest crypto asset by market cap, has fallen 8% in the past 24 hours, according to CoinGeckolike his Meme Coin Market Prices of some coins, which can be notoriously volatile, have fallen by as much as 43% in the past day.
As the cryptocurrency market bleeds with Bitcoin (Bitcoin) down 2.7% and Ethereum (ETH) 4.2%, Solana (GROUND) was the hardest hit among the top 10 cryptocurrencies, falling 8.2% to $168 on the day, according to data from CoinGecko. Along with this, meme coin Solana suffered huge losses.
The biggest loser in the last 24 hours is the bigger of the two Black (NEIRO) on Solana which fell nearly 44% to $0.01821. These tokens were launched after the owner of Kabosuthe Shiba Inu that inspired the Doge meme, announced that she had adopted a new dog named Neiro. Interestingly, her rival on the network launched an hour beforealso called Black (NEIRO), is up 75.2%. It appears that the Solana Neiro Civil War is far from being decided.
Other big losers include: Pump.fun’s Favorites Billy (BOWL), down 26.4%, and Michi (MICHI), which fell 24.5%. Over the past 24 hours, both tokens have flipped their market caps multiple times, but dog token Billy is currently in the lead with $94 million, about $3 million ahead of Michi.
Dog with hat (Wireless), the largest meme coin on Solana, was also hit, dropping 12.4%. Bonk (BONK), the second-largest Solana meme coin, fell 9.1%. In fact, among the top 50 Solana meme coins by market cap, only four tokens are in the green, with Zoomer (ZOOM IN) leading the pack with 41.1%.
Meme coins are notoriously high-risk assets and tend to post disproportionate losses when the broader market experiences a downturn.
Brain (BRAIN), Michi (MICHI), Mini (MINI), Shark cat (SC), and many others, for example, have suffered greater losses in the last 24 hours than any of the top 100 cryptocurrencies by market capitalization.
In the world of meme coins, when it rains, it rains.
Edited by Stacy Elliott.
Memecoins
Trader Says Bitcoin’s Path to $100,000 Is ‘Currently Programmed’, Updates Outlook on Memecoin That’s Up Over 18,000% YTD
A widely followed analyst and trader expresses bullish sentiment on Bitcoin (Bitcoin) while offering his take on the memecoin built on Solana (GROUND) blockchain ecosystem.
Starting with Bitcoin, the analyst known by the pseudonym Altcoin Sherpa tell His 219,000 followers on social media platform X say Bitcoin is on the verge of hitting a six-figure price.
“There will be bumps along the way, but Bitcoin’s path to $100,000 is on schedule. Don’t get rattled or lost along the way.”
Source: Altcoin Sherpa/X
At the time of writing, Bitcoin is trading at $66,236.
According to For the widely followed trader, Bitcoin enjoys strong support between $63,800 and $65,000, where the 25, 55, 89 and 200 exponential moving averages (EMAs) on the daily chart have clustered.
Source: Altcoin Sherpa/X
Next up is the Solana-based memecoin Popcat (POPCAT). The pseudonymous trader and analyst said that among the cat memecoin family, POPCAT is one of the “best” in the long run.
Altcoin Sherpa, however, says POPCAT looks bearish on the short-term four-hour time frame and needs to climb above a range low between $0.694 and $0.724 to avoid falling further.
Source: Altcoin Sherpa/X
POPCAT was trading at $0.00379 on January 5th and is now at $0.704, a gain of approximately 18,475%.
Altcoin Sherpa also offers his take on dogwifhat (Wireless), Solana-based Memecoin. According to For the pseudonymous analyst, WIF “still looks pretty good for now” on the four-hour chart with the “best” support area sitting around $2.10.
“The average would probably be $2.30 to $2.10 if I were you and I was swing trading this one.”
Source: Altcoin Sherpa/X
WIF is trading at $2.27 at the time of writing.
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