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Memecoins

Solana Memecoins WIF and Bonk Rise by Double Digits: Here’s Why

TokenTalk Staff

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Solana Memecoins WIF and Bonk Rise by Double Digits: Here’s Why

Two Solana-based memecoins, Bonk (BONK) and Dogwifhat (WIF), saw substantial gains over the past 24 hours. BONK saw a 35% increase, while WIF climbed 19%, placing them among the top three gainers in the top 100 cryptocurrencies by market capitalization today. Only Hedera Hashgraph (HBAR) surpassed them, with a notable rise of 44% during the same period.

Fixing Solana Congestion Issues Boosts Memecoins

The significant rise in these Solana memecoins is closely related to recent performance improvements of the Solana network. A tweet from SolanaFloor earlier today stated: “BREAKING: Solana’s congestion issues have been completely resolved with block production returning to normal. Transactions confirmed in less than 2 seconds. This announcement marks a pivotal moment for the network which was plagued by congestion problems.

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On April 15, Solana developers deployed crucial updates designed to alleviate these issues, urging validators to adopt version v1.17.31. This version introduces changes to the treatment of validators based on their challenges. Further improvements are expected with the release of v1.18 next month, which will include a new scheduler, albeit disabled by default.

Andrew Kang, founder of Mechanism Capital, REMARK a few days before the patch: “Let’s also not forget that Solana’s congestion issues have significantly weighed down SOL and Solana-based memecoins. The question is not if but when the network will be significantly improved. This is your springboard. Kang’s comments now seem prophetic as the resolution of network issues has indeed served as a springboard for memecoin valuations.

Details on Rally Of Dogwifhat (WIF) and BONK

WIF price surged to a 24-hour high of $3.43 on April 24, supported by an impressive 96% increase in trading volume. This influx was fueled by notable acquisitions from whales like Ansemwhich capitalized on positive market sentiments.

The break above the resistance level at $3.18, after a week of sideways trading between $1.97 and $3.18, was a significant trigger. WIF formed a two-week ascending triangle, a bullish chart pattern that indicated the continuation of the previous uptrend. The breakout was widely discussed in the crypto community, with trader Bluntz Capital confirming the resolution of the trend and sparking additional bullish sentiment.

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BONK recorded a spectacular increase of 35%, with a remarkable 304% increase in trading volume. Price action managed to cross the 0.236 Fibonacci retracement level at $0.000020727 and continued its upward trajectory to the 0.5 Fibonacci level, signaling strong buying interest and bullish momentum .

This rally likely benefited from additional support from the recent registration of BONK by global neobank Revolut, which was announced on April 22. This inclusion in Revolut’s trading platform, which offers over 150 digital currencies, has provided significant exposure and legitimacy, further boosting investor interest and market activity around BONK.

BONK PriceBONK price, 1-day chart | Source: BONKUSD on TradingView.com

Featured image from Shutterstock, chart from TradingView.com



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We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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Memecoins

Trump survives assassination attempt

TokenTalk Staff

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Trump survives assassination attempt
  • Former US President Donald Trump survives assassination attempt.
  • Trump-themed memecoin Maga surges 40.81%.

The American political scene is increasingly confused four months before the election. Former President Donald Trump has been the favorite of many to take over the presidency for months. Unfortunately, his campaign was marred by violence on July 14, when an individual attempted suicide.

The former president was shot at during a political rally in Pennsylvania. Gunshots were heard and gunfire erupted as he addressed supporters.

Fortunately, the secret service responded quickly and got him out of the scene. After the incident, he was seen covered in blood on his left ear and head.

These events have sparked mixed reactions from politicians and the crypto community. For example, crypto analysts and traders Michael van de Poppe reacted to the news linking politics and crypto. On page x, he stated that,

“Trump raised his fist after an assassination attempt on him. The world is falling apart. As of today, #Bitcoin has become a political statement, most likely.”

Trump MAGA memecoin soars

Likewise, cryptocurrency markets reacted immediately after the incident.

For starters, Trump-themed meme coin MAGA surged 40.81% on daily charts following the assassination attempt.

MAGA’s trading volume surged 835.01% over the same period to $39 million. At the time of writing, MAGA was trading at $8.76 with a 40% increase in market cap to $385 million, according to Coinmarketcap.

Source: Coinmarketcap

Trump’s Pro-Crypto Campaign

Although he has long been critical of cryptocurrencies, Trump has changed his tune to become the first pro-cryptocurrency presidential candidate in the United States. During his time in the White House, he has shared serious criticism of cryptocurrencies, claiming that the dollar is the only global currency.

However, with the increase in crypto voters, Trump changed his stance and started accepting crypto donations for his campaign.

In his latest remarks, he claimed that Bitcoin should be a strategic reserve asset while promoting Bitcoin mining only in the United States. Therefore, a Trump election victory would make him the first US president to be pro-cryptocurrency.

The failed assassination attempt has increased Trump’s chances of winning the election. The United States will have the first pro-crypto president if the political scene remains unchanged.

According to the investor Wclemente IIITrump’s chances are increasing. He shared this on his X page, stating that,

“Trump’s odds of winning in November are skyrocketing in prediction markets.”

Source: X

Trump criticizes US anti-crypto laws

On the contrary, the Biden administration has ignored calls from the crypto community by stepping up prosecutions of crypto companies by the SEC.

Trump used this indifference as leverage and promised to end “Biden’s hatred of crypto.”

Over the past three months, he has expressed concerns about the current administration regarding crypto, making him a vocal critic of Biden’s crypto policies.

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Memecoins

TREMP price doubles after Donald Trump shooting

TokenTalk Staff

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Donald Trump-Related Meme Coins Skyrocket After Shooting Incident

Former US President Donald Trump was the victim of a dramatic assassination attempt at a campaign event in Pennsylvania on Saturday.

While reports indicate that Secret Service agents quickly evacuated Trump from the venue, the incident has sparked an outcry among the public, including within the crypto community.

Trump-Linked Coins Surge After Attack

Trump’s rally in Butler suddenly descended into chaos after the presumptive Republican nominee was shot in the back of the head, a bullet piercing the upper part of his right ear, causing significant bleeding. Amid the chaos, Secret Service agents rushed to Trump’s aid, escorting him off the stage and transporting him to a local medical facility.

Despite the gravity of the situation, Trump managed to raise his fist in defiance to the crowd as he was led to his motorcade. The incident resulted in the deaths of one rallygoer and the suspected shooter, and two other spectators were seriously injured.

Learn more: 7 Popular Coins and Altcoins in 2024

After the assassination attempt, Trump spokesman Steven Cheung, confirmed Trump is “doing well” and is being examined. Trump also took to his Truth Social page to express his gratitude to the U.S. Secret Service and all law enforcement agencies for their quick response.

“I would especially like to express my condolences to the family of the person who was killed at the rally, as well as to the family of another person who was seriously injured. It is unbelievable that such an act could take place in our country. […] I knew immediately that something was wrong, I heard a whistle, gunshots, and I immediately felt the bullet tear the skin. There was a lot of bleeding, so I knew what was happening. God bless America! declared.

The attack on Trump has sparked strong reactions from public figures. Tesla and SpaceX CEO Elon Musk has publicly Express his support for Trump. Musk said he hoped for the former president’s speedy recovery.

President Joe Biden too replied He condemned the violence as “unhealthy” and expressed gratitude for Trump’s swift evacuation.

Interestingly, the cryptocurrency market reacted to the attempted assassination of Trump. Trump-Linked Coins See Remarkable Surge in their value.

For example, the MAGA (TRUMP) meme currency has skyrocketed from $6.31 to $9.68 before stabilizing at $7.90. Similarly, the meme currency Doland Tremp (TREMP) saw a significant increase, doubling its value from $0.38 to $0.76.

MAGA Price Performance. Source: Be in crypto

Trump’s changing stance on cryptocurrencies sparks debate

Trump’s candidacy for the upcoming November elections has has garnered considerable attention from the crypto communityThis is largely due to his recent support for the industry. Data from market prediction platform Polymarket indicates that Trump’s chances of winning have increased to 70%, while Biden’s are only 16%.

Learn more: How can blockchain be used for voting in 2024?

Trump leads election forecasts.Trump leads election forecasts. Source: Polymarket

However, it is important to note that Trump’s Stance on Cryptocurrencies has evolved over time. BeInCrypto reported that in July 2019, Trump Openly Criticized Bitcoin and other digital currencies, labeling them as “not money” and emphasizing their volatilityThis raises questions about his sincerity and the potential policy changes that could result.

In a recent blog post, Arthur Hayes, founder of cryptocurrency exchange BitMEX, Free a critical perspective on Trump’s changing position. Hayes suggested that Trump’s new support is politically motivatedaimed at attracting the young, politically active and financially influential crypto voter base in key states.

Disclaimer

In accordance with the Trust Project In accordance with its guidelines, BeInCrypto is committed to providing unbiased and transparent information. This news article aims to provide accurate and timely information. However, readers are advised to independently verify the facts and consult a professional before making any decision based on this content. Please note that our Terms and conditions, Privacy PolicyAnd Disclaimer have been updated.

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Memecoins

Shiba Inu leads market gain with 6.4% gain

TokenTalk Staff

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Meme coins bounce back: Shiba Inu leads market surge with 6.4% gain

Several large-cap meme coins, including Shiba Inu (SHIB), Dogecoin (DOGE), and Pepe (PEPE) have recorded increases over the past 24 hours.

Data from cryptocurrency price tracking website CoinGecko watch that the value of the overall meme coin market is up 2.4% to $44.75 billion.

Shiba Inu was one of the main drivers of this improvement, registering a 6.4% increase over 24 hours.

At that time, the price of the meme currency was fluctuating between $0.00001596 and $0.0000171 and currently stands at $0.00001698. This increase was accompanied by a 24-hour trading volume of $217.8 million.

Shiba Inu 24-hour price chart | Source: CoinGecko

The Shiba Inu price is also up almost 7% over the past week, despite having lost 0.8% of its value over the previous fortnight. The news has also been equally bleak over the past 30 days, with the SHIB price falling almost 21% over that period.

Another notable artist among Meme Coins in the last 24 hours it’s Brett (BRETT), up 5.1% at the time of writing.

Coins Rebound: Shiba Inu Leads Market Rise With 6.4% Gain - 2Brett 24-hour price chart | Source: CoinGecko

Ranked 72nd in market cap among all cryptocurrencies and 7th among meme coins, Brett has had a torrid month, losing over 22% of its value.

Interestingly, the fall began shortly after the meme coin hit its all-time high (ATH) price of $0.1933 on June 9. It remained largely above the $0.15 level until July 4, when it slid all the way to $0.1079.

Its current price is still 40% below its ATH, although it is 13,564% higher than its all-time low price from earlier this year.

Dog with hat (Wireless) and Pepe have also increased by 4% in the last 24 hours. Like the other meme coins mentioned in this article, WIF and PEPE have had a rough 30 days, with WIF’s price dropping by 36.8% and PEPE’s by 30% during that time.

Coins Rebound: Shiba Inu Leads Market Rise With 6.4% Gain - 3Pepe 24-hour price chart | Source: CoinGecko

Over the past seven days, WIF has lost 19.2% of its value, while PEPE has fallen 4.5%. Both have underperformed the global cryptocurrency market, which is up 2.6%.

According to CoinGecko, PEPE has also underperformed similar companies Ethereum cryptocurrencies in the ecosystem, which are up 12.70%.

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Memecoins

3 Hot Meme Coins Ready To Explode: Don’t Miss Out!

TokenTalk Staff

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3 Meme Coins for up to 2000% Earnings

Whenever we talk about trendsetters in the cryptocurrency space, meme coins come first! In the fast-paced world of digital currency, there are only a few coins that are really making waves this month. These coins boast impressive pre-sales, innovative solutions, and incredible growth potential. Let’s explore three crypto coins that could bring big gains one after another!

Pepe Unchained Leads the Meme Coin Revolution

Another cryptocurrency is here to take on the popular cryptocurrency PEPE. Pepu Unchained is making waves with its ongoing presale, priced at just $0.0083926. The presale has already raised a whopping $3.43 million, leaving just 2.93% of the total supply up for grabs. Pepu strategically allocates 30% of its supply to staking rewards, 20% to marketing, and 10% to liquidity on decentralized exchanges.

Source: PEPU official website

PEPU aims to solve some of the major problems in the crypto world. Every crypto enthusiast is frustrated by Ethereum’s high fees and slow transaction speeds. Pepu promises faster and more scalable transactions with its Layer 2 solution, while preserving Ethereum’s security.

The Pepu team is gearing up for a big launch announcement, and the future looks bright. Offering an instant bridge between Ethereum and the Pepe Chain, the lowest transaction fees, and transaction speeds 100x faster than ETH, Pepu Unchained blends meme culture with serious technical advancements. Plus, it offers attractive staking rewards with a whopping 548% annual yield, making it a must-have for potential investors.

PeiPei is the explosive meme token

PeiPei coin, featuring an animated red frog meme, has been making waves since its recent launch on Uniswap. With rapid growth, PeiPei is already listed on major exchanges like Poloniex, LBank, and Gate.io, and it’s set to arrive on Coinstore soon, which they shared on the handle X.

Source: X (formerly Twitter)

PeiPei has quickly climbed into the top 30 trending coins on CoinGecko, with its market cap reaching $137.6 million this week.

Source: X (formerly Twitter)

Since its debut in June, PeiPei has shown remarkable daily growth, delivering impressive returns to early investors. This meme token is not just a passing trend, it is a serious contender for substantial gains in the cryptocurrency market.

eTukTuk leads the way in P2E gaming

eTukTuk is a new taxi-inspired gaming platform. They recently burned 30% of their tokens, sparking a rush among investors ahead of their upcoming IPO listing. eTukTuk will launch on Uniswap on July 16th. Their presale was a huge success, quickly raising $3.5 million. They are offering a massive 80% APY for staking the token.

Source: X (formerly Twitter)

Last words

As the cryptocurrency market continues to evolve, PEPE Unchained, PeiPei, and eTukTuk stand out as three coins with immense potential for substantial growth. earnings this monthWith innovative solutions, explosive growth, and strategic pre-sales, these coins deserve the attention of meme coin lovers.

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