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Memecoins

Top Memecoins Surge Over 100x Today

TokenTalk Staff

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Top Memecoins Surge Over 100x Today

Memecoins have seen a slight recovery over the past 48 hours following the cooling following the US Fed meeting which left interest rates unchanged. As crypto assets post gains, analysts believe an increase in market sentiment is also reflected in stocks as the correlation continues.

Total memecoin The market cap stands at $52.4 billion, an 8.6% jump in the last 24 hours, while the cryptocurrency market cap jumped to $2.29 trillion, an increase of 3% over the same period. While memecoins have seen gains, some assets have outperformed the market with gains of over 100x today.

These gains were compared to similar figures recorded during the memecoin frenzy in the first quarter of 2024, although the market remains short of that peak. Here are the top memecoins traded today.

SAD HAMSTER (HAMMY)

The asset soared 202% today, significantly outperforming all crypto assets. The meme token continues its strong run in recent weeks with bulls projecting more market highs. HAMMY is trading at $0.0022 with a 24-hour trading volume of $10.8 million.

The meme token has surged 1,014% this week and 191% over the past 30 days. The rise of the asset sparked conversations around social media spaces as the community rallied around the token.

Monku (MONKU)

Monku is up 152% today, joining memecoins booming in the market. The assets have a daily trading volume above $619,700 as they post a streak of gains. Despite the slow sentiment recorded among crypto assets, MONKU has seen inflows of 29.7% over the past seven days.

The Solana memecoin has become a popular token due to recent gains. As SOL price broke above water, analysts expected Solana memecoins to see gains.

Costco Hot Dog (COST)

COST rose 60.9% today, ranking among the top three gainers for memecoin. With daily trading volume over $500,000, the asset is up 85% this week. The three assets above are Solana Coins as the class continues its upward momentum.

Read also: 3 cryptos under $1 to buy for short-term gains

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The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.



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Memecoins

“DOGE is much bigger than D-List celebrity memecoins:” MOTHER and DAD divide the community

TokenTalk Staff

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“DOGE is much bigger than D-List celebrity memecoins:” MOTHER and DAD divide the community
  • Celebrity memecoins like $MOTHER and $DADDY have faced volatility despite community support.
  • Robert Leshner of Superstate recognized the cultural impact of memecoins like Dogecoin.

Social media was lively with discussions around two notable memecoins: Mother Iggy [MOTHER] And Papa Tate [DADDY].

Despite the recent decline in their market value, in which DAD experienced a drop of 9.08% and MOTHER was down 15.54%, interest and support for these coins has not diminished among their followers.

However, many believe that celebrity memecoins have no lasting value and are simply a waste of money. Reflecting on this sentiment, user X (formerly Twitter) legend took X and wrote down,

“Stop wasting your money on memecoins. 99.9% of them will go to 0. Especially celebrities. This happens every cycle. Don’t be stupid. Invest in big pieces and let them roll.

Dogecoin, the king of memecoins?

In a recent episode of the “Unchained” podcast, Robert LeshnerCEO and co-founder of Superstate, shared a nuanced perspective contrasting with Dogecoin [DOGE] with other celebrity memecoins.

Leshner pointed out that Dogecoin uniquely established itself by mocking established cryptocurrencies like Bitcoin [BTC] And Litecoin [LTC]. It has shown surprising longevity and cultural impact in the crypto world.

He added,

“I think Dogecoin, for this reason, has a much greater importance in the societal Wikipedia of crypto than a non-unique, completely continuous c-list and d-list of celebrity coins.”

However, he continues to believe that other memecoins associated with celebrities can still generate attention and speculative interest in the market.

Ethereum vs. Solana Memes

According to a recent guide article published by CoinGeckoTHE Solana [SOL] the network has exceeded the Ethereum [ETH] network by hosting a larger number of celebrity memecoins.

However, despite the rise in popularity of Solana memecoins, a recent study by the Web3 platform — Trust recognized,

“While Solana is benefiting from a recent surge in meme coin activity, Ethereum is the original battleground for some of the most well-known and influential meme tokens. These pioneers paved the way for the meme coin phenomenon and continue to be major players.

This sentiment was further confirmed by AMBCrypto’s analysis of Santiment data, which revealed that Ethereum’s social dominance dominated Solana.

Feeling

Source: Santiment

Despite this significant rise, the current memecoin market appears to lack inherent value and is primarily driven by competition and speculative trading.

Sharing a similar line of thinking, Ethereum co-founder Vitalik Buterin better say it when he said,

“I’m quite unhappy with the ‘celebrity experimentation in this cycle’ so far. “Financialization as a means to an end”, I can respect it if the end is worth it (healthcare, open source software, art, etc.).

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Memecoins

“DOGE is much bigger than D-List celebrity memecoins:” MOTHER and DAD divide the community

TokenTalk Staff

Published

on

“DOGE is much bigger than D-List celebrity memecoins:” MOTHER and DAD divide the community
  • Celebrity memecoins like $MOTHER and $DADDY have faced volatility despite community support.
  • Robert Leshner of Superstate recognized the cultural impact of memecoins like Dogecoin.

Social media was lively with discussions around two notable memecoins: Mother Iggy [MOTHER] And Papa Tate [DADDY].

Despite the recent decline in their market value, in which DAD experienced a drop of 9.08% and MOTHER was down 15.54%, interest and support for these coins has not diminished among their followers.

However, many believe that celebrity memecoins have no lasting value and are simply a waste of money. Reflecting on this sentiment, user X (formerly Twitter) legend took X and wrote down,

“Stop wasting your money on memecoins. 99.9% of them will go to 0. Especially celebrities. This happens every cycle. Don’t be stupid. Invest in big pieces and let them roll.

Dogecoin, the king of memecoins?

In a recent episode of the “Unchained” podcast, Robert LeshnerCEO and co-founder of Superstate, shared a nuanced perspective contrasting with Dogecoin [DOGE] with other celebrity memecoins.

Leshner pointed out that Dogecoin uniquely established itself by mocking established cryptocurrencies like Bitcoin [BTC] And Litecoin [LTC]. It has shown surprising longevity and cultural impact in the crypto world.

He added,

“I think Dogecoin, for this reason, has a much greater importance in the societal Wikipedia of crypto than a non-unique, completely continuous c-list and d-list of celebrity coins.”

However, he continues to believe that other memecoins associated with celebrities can still generate attention and speculative interest in the market.

Ethereum vs. Solana Memes

According to a recent guide article published by CoinGeckoTHE Solana [SOL] the network has exceeded the Ethereum [ETH] network by hosting a larger number of celebrity memecoins.

However, despite the rise in popularity of Solana memecoins, a recent study by the Web3 platform — Trust recognized,

“While Solana is benefiting from a recent surge in meme coin activity, Ethereum is the original battleground for some of the most well-known and influential meme tokens. These pioneers paved the way for the meme coin phenomenon and continue to be major players.

This sentiment was further confirmed by AMBCrypto’s analysis of Santiment data, which revealed that Ethereum’s social dominance dominated Solana.

Feeling

Source: Santiment

Despite this significant rise, the current memecoin market appears to lack inherent value and is primarily driven by competition and speculative trading.

Sharing a similar line of thinking, Ethereum co-founder Vitalik Buterin better say it when he said,

“I’m quite unhappy with the ‘celebrity experimentation in this cycle’ so far. “Financialization as a means to an end”, I can respect it if the end is worth it (healthcare, open source software, art, etc.).

Following: Will Ethereum continue to see green as autonomy increases and whales sell off?

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Memecoins

Boxing Sensation Ryan Garcia Teases Launch of His Own Meme Coin – News Bytes Bitcoin News

TokenTalk Staff

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Boxing Sensation Ryan Garcia Teases Launch of His Own Meme Coin – News Bytes Bitcoin News

https://news.google.com/./articles/CBMiXWh0dHBzOi8vbmV3cy5iaXRjb2luLmNvbS9ib3hpbmctc2Vuc2F0aW9uLXJ5YW4tZ2FyY2lhLXRlYXNlcy10aGUtbGF1bmNoLW9mLWhpcy1vd24tbWVtZS1j b2 luL9IBAA?hl=en-US&gl=US&ceid=US%3Aen

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Memecoins

Galaxy Digital CEO thinks meme pieces have more to offer than laughs

TokenTalk Staff

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Galaxy Digital CEO thinks meme pieces have more to offer than laughs

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Meme pieces, often inspired by Internet jokes or cultural phenomena, have been dismissed by many industry experts due to their perceived lack of usefulness. However, Mike Novogratz, CEO of Galaxy Digital, believes that these meme tokens have a strong narrative that captures investors’ attention beyond simple humor.

“Meme coins – whether you’re a fan or not – have become a cornerstone of the crypto economy. In today’s market, they are one of the most powerful narratives,” Novogratz said in a recent job on X, adding that meme coins on permissionless blockchains have a combined market cap of over $60 billion.

In an accompanying video, Novogratz also outlined two potential ways to profit from coins: one is by choosing memes with humor and the second is by creating memes.

He suggests that successful investors need a “quirky sense of humor” to predict which memes will resonate with people and become successful investments.

The second way is for memecoin creators. Novogratz said meme creators could make big profits by launching their own coins.

He also spoke about his son-in-law’s success with Dogwifhat and Doge. Initially skeptical about investing in memecoins, Novogratz expressed surprise at his son-in-law’s success in simply holding memecoins, suggesting that a well-designed meme can result in financial gain.

“You know Dogwifhat, the first time you see him you laugh, now he’s worth $3 billion,” Novogratz said.

Novogratz’s bullish stance on meme coins is facing resistance from the industry. Commenting on Novogratz’s post, Charlie Silver, CEO of Permission.io, said that meme coins are “just stupid casino chips.” Silver believes that the real foundations of the crypto-economy have yet to be built.

Novogratz’s statements come amid the ongoing controversy surrounding celebrity coins. Many crypto figures have publicly shared their opinions on the movement.

Notably, Vitalik Buterin, co-founder of Ethereum critical recent celebrity coins, such as Iggy Azalea’s Mother Iggy (MOTHER). He argued that projects should prioritize societal value and user engagement over the enrichment of celebrities and early investors.

Despite skepticism from some industry leaders, meme coins like Daddy Tate (DADDY) have shown remarkable performance, rising 218% in the past 24 hours. However, analysts have recently warned of the potential risks of insider trading associated with both MOTHER And DAD.

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