Memecoins

Normie drops 99.8% after exploit, Trump coin rises

Published

5 months ago

26 May, 2024

Normie plummets almost 100% following exploit as Trump meme coins surge

Normie, a meme token on the BASE blockchain, saw its value collapse. Meanwhile, a few meme coins overlap with the ex-president that of Donald Trump fame has helped the meme industry in terms of earnings over the past 24 hours.

The alleged attack caused Normie’s value to drop an astonishing 99.80% to just $0.00008013. At the time of writing, the token was struggling to regain its footing and was still 95% below its pre-mining price, trading at $0.001903.

Normie 24 hour price chart | Source: CoinGecko

This feat caused Normie’s market value to plummet to less than $200,000, a significant drop from his previous high of $40 million. Since then, its market capitalization has increased slightly to around $1.5 million.

The attacker allegedly identified and exploited a loophole in Normie’s contract, specifically targeting a weakness in its tax mechanism. Using this flaw, they executed a flash loan attack, draining a substantial portion of the token’s value.

On-chain analyst Golden Degen turned to X to try to shed light on the Normie exploit, saying it began when the attacker’s wallet was funded through the secretive network.

How $NORMIA was exploited and went from 40 million MC dollars to 100,000 MC dollars in one minute, who else is affected and what is the problem? @NormieBase the team can do to resolve this situation:

1. The exploiter’s wallet was financed by a secret network

2. Contact Normie had a pre-market user map that bypasses… pic.twitter.com/SuTqTlJf4W

– Golden Degen (@0xGoldenDegen) May 26, 2024

THE vulnerability resides in the Normie smart contract. The flaw in the pre-release user map bypassed controls within the swapAndLiquify function.

This loophole allowed tokens to be minted and sold without restrictions. According to Golden Degen, the contract verification process only checked whether the token balance matched that of the team’s wallet. If the balances matched, this allowed tokens to be minted.

The exploiter allegedly took advantage of this by manipulating the balance of his tokens to match the balance of the team’s wallet. They then began minting and selling large quantities of tokens on the open market, significantly increasing the total supply and causing prices to fall.

Following the attack, Team Normie took to social media to address the situation, assuring holders that the issue would be resolved soon. They also urged people not to buy Normie tokens issued by the exploiter.

Shortly after, the team reported that the exploiter contacted them and offered to return 90% of the mined Ethereum (ETH), keeping 10% as bug bounty.

In the message, the exploiter also set a condition for the return of funds, requesting that over 600 ETH in the development wallet be used to launch a new token to fairly reimburse Normie holders.

Normie Falls Nearly 100% on Exploit as Trump Coins Rise - 2

Source: Basescan.org

The Normie team has since signaled agreement with the operator’s demands and is considering a relaunch and airdrop for current Normie holders.

Exploiter, we accept your offer to return 90% of the exploited $ETH. You can keep 10%, without retaliation.

All $ETH from the normie development portfolio will be used to rectify this situation and help us with our recovery.

Emission : https://t.co/dCXfXfcG7g

– Normie (@NormieBase) May 26, 2024

A key decision now is determining the timing of the airdrop, either right before the exploit happened or around the time they officially announced that users should no longer purchase Normies.

MAGA hits record high

Unlike Normie’s woes, a few coins ride Republican presidential hopeful that of Donald Trump fame led the meme industry in terms of earnings over the past 24 hours.

Following Donald Trump’s presence at the Libertarian National Convention, MAGA (ASSET) and the vice president of MAGA (MVP) saw their prices skyrocket 28.9% and 26.1%, respectively, according to CoinGecko data.

Normie Falls Nearly 100% on Exploit as Trump Coins Rise - 3

TRUMP 24-Hour Price Chart | Source: CoinGecko

At the time of writing, TRUMP was trading at $11.11, although it momentarily hit a new all-time high of $11.81 during this period. The meme coin currently has a market capitalization of $520 million and a 24-hour trading volume of $15.3 million.

For its part, MVP is currently worth $0.5501 per token, which is still over 21% below its all-time high price. Nonetheless, the coin has made massive gains, seeing an impressive 145% increase in its price over the past two weeks.

Doland Tremp

Another Trump-inspired coin, Doland Tremp (TEMPERING), was also among the top five gainers of the day, rising 24.3% to trade at $1.21.

TREMP has also seen significant growth in tandem, with Donald Trump stepping up his campaigns and making openings to the crypto community. Over the past 30 days, the coin’s value has soared by 270%.

Fuente

Memecoins

Memecoins dominate major derivatives in terms of open interest | Flash News Detail

Published

3 months ago

1 August, 2024

TokenTalk Staff

Bitcoin Dominance May Have Peaked, Ethereum ETF Could Trigger Altcoin Momentum

Disclaimer

Disclaimer: Blockchain.news provides content for informational purposes only. Under no circumstances shall blockchain.news be liable for any direct, indirect, incidental or consequential damages arising out of the use of, or inability to use, the information provided. This includes, but is not limited to, any loss or damage resulting from decisions made based on the content. Readers should conduct their own research and consult professionals before making any financial decisions.

Fuente

Memecoins

Have a profitable August with Shiba Inu and Mpeppe (MPEPE) Don’t miss the winnings

Published

3 months ago

1 August, 2024

TokenTalk Staff

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.

For more information on the Mpeppe presale (MPEPE):

Visit Mpeppe (MPEPE)

Join us and become a member of the community:

https://t.me/mpeppecoin

https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ

Fuente

Memecoins

Solana down 8% as its coins Dogwifhat, Billy and Neiro fall further

Published

3 months ago

1 August, 2024

TokenTalk Staff

Solana climbs 4% on the back of rising Meme Coins and Alts

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.

Fuente

Memecoins

Trader Says Bitcoin’s Path to $100,000 Is ‘Currently Programmed’, Updates Outlook on Memecoin That’s Up Over 18,000% YTD

Published

3 months ago

1 August, 2024

TokenTalk Staff

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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