Memes | ForkLog

ForkLog 11 04.06.2024

Meme Frenzy: Half a Million New Tokens Emerge on Solana Network

In May, the Solana blockchain witnessed the creation of 455,000 new coins, reaching a monthly peak due to low entry barriers and the hype surrounding meme tokens. This is according to data from The Block. Number of new tokens issued on Solana. Source: The Block. For comparison, during the same period, the L2 network Base […]

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ForkLog 12 04.06.2024

Broker Accuses Roaring Kitty of Market Manipulation

Keith Gill, known by the pseudonym Roaring Kitty, purchased call options on GameStop shares before promoting the company on X and Reddit, actions that could be interpreted as market manipulation. This conclusion was reached by representatives of his broker, according to sources cited by WSJ. At the end of May, some of the derivatives acquired […]

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ForkLog 14 03.06.2024

GameStop Shares Surge 70% Following Roaring Kitty’s Investment Revelation

On June 3, GameStop (GME) shares on the Robinhood pre-market soared by 70% after Keith Gill’s $180 million position was disclosed. Gill, a former financial analyst and member of the WallStreetBets subreddit, is known by the alias The Roaring Kitty. In 2020, he spearheaded a retail traders’ “war” against Wall Street. Overnight, he posted a […]

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ForkLog 13 31.05.2024

Bitcoin Faces Uncertainty Amid Mt.Gox Compensation Distribution

Bitcoin is experiencing uncertainty due to the distribution of Mt.Gox compensations. Ethereum may find itself in a favorable position following the approval of spot ETFs. Meme tokens continue to attract traders’ attention. The price of Bitcoin is being held back by uncertainty surrounding the potential distribution of assets from the Mt.Gox exchange. This is reported […]

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ForkLog 42 31.05.2024

Trump Trial Verdict Shakes Political Meme Tokens

Meme coins associated with Donald Trump exhibited significant volatility following the conclusion of the legal proceedings against the former U.S. president. On May 30, a jury found Trump guilty on 34 counts of falsifying business records. The charges were related to lawyer Michael Cohen, who paid for the silence of the politician’s alleged mistresses. Following […]

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ForkLog 20 31.05.2024

Creator of Caitlyn Jenner Meme Tokens Earns $405,000

Between May 27 and 31, a user launched 12 meme coins under the name of television star Caitlyn Jenner, amassing 2381 SOL ($405,000). Analysts at Lookonchain highlighted this activity. Be wary of tokens launched by celebrities.? We fund that @Caitlyn_Jenner earned 2,381 $SOL($405K) by launching 12 #MEMEcoins on #Solana in the past 4 days. 1/ […]

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ForkLog 9 29.05.2024

Trader Achieves 762-Fold Profit on Meme Coin

An anonymous trader turned $861 into $657,000 in just five hours with a meme token on Solana, achieving a 762-fold increase in their deposit. This was noted by Lookonchain. In just 5 hours, this trader turned $861 into $657K, a gain of $762x! He spent 5.14 $SOL($861) to buy 86.55M $MOTHER(8.66% of the total supply) […]

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ForkLog 34 29.05.2024

Why memecoins surged in 2024

How countless memecoins became a hallmark of the bull market.

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ForkLog 23 29.05.2024

Sponge Project Details Meme Token Claim Process

Accumulated staking rewards for Sponge V2 will be available for immediate claim on May 30 at 13:00 (Kyiv/Moscow time), according to representatives of the project who spoke to ForkLog. “This means that all staking rewards will be immediately paid to Sponge V2 holders,” commented the Sponge team. In May, developers announced the launch of Sponge […]

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ForkLog 27 29.05.2024

GME and KITTY Tokens Surge Amid GameStop Stock Rally

On May 28, meme coins GME and KITTY rose by 19% and 55% respectively, alongside GameStop shares, which gained approximately 25%. According to CoinGecko, both coins have since seen a price decline after the initial surge. At the time of writing, GME is trading at $0.004658, while KITTY is at $0.003511. After the close of […]

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ForkLog 11 28.05.2024

YouTube Co-Founder Backs Meme Coin Inspired by Platform’s First Cat Video

Steve Chen, co-founder and former CTO of YouTube, has thrown his support behind the meme coin Pajamas Cat (PAJAMAS), which is based on the first cat video uploaded to the platform. The only thing I own is Pajamas. Hahaha. …and Solana. I am having so much fun on Solana! Looking at Sol’s market cap, it […]

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ForkLog 14 28.05.2024

Meme stream: why ‘dog’ tokens are so popular, according to CoinEx

Since April 2024, crypto projects have launched more than 1m tokens on Ethereum (370,000) and Solana (640,000). Most of them are meme tokens. What explains the popularity of such assets, and why do their creators pick the Solana blockchain? We answer with the exchange CoinEx. Coin or token? Meme tokens and meme coins are digital […]

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