Memes | ForkLog

ForkLog 19 15.05.2024

Over 1 Million New Tokens Emerge on Blockchains Since April

In the past six weeks, more than 1 million new coins have been created. Of these, over 370,000 were launched on Ethereum, while 640,000 appeared on Solana, according to data from Dune. Number of new coins across various blockchains. Data: Dune. Since April 1, the Ethereum network has seen the creation of 372,642 tokens, 88% […]

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ForkLog 19 15.05.2024

Solana Predicted to Surge to $400 by November

Solana (SOL) is expected to rise to $400 by November 2024, driven by a wave of meme coins linked to the US presidential election campaign. This forecast was made by CIO of Merkle Tree Capital, Ryan Macmillan, as reported by DL News. The expert noted that assets like Jeo Boden (BODEN) and Doland Tremp (TREMP) […]

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ForkLog 31 14.05.2024

The Roaring Kitty’s Return Sparks AMC and GameStop Stock Rally

Shares of GME and AMC more than doubled over two trading days following the reactivation of analyst The Roaring Kitty’s X account. In cryptocurrencies, a wave of hype unfolded around meme tokens on Solana associated with the expert. On May 13, shares of GME and AMC surged by 74.4% and 78.4% respectively. The market reacted […]

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ForkLog 29 13.05.2024

KITTY Meme Coin Soars 6000% Following Reawakening of ‘Sleeping’ X-Account

On May 13, a trader achieved a 32-fold profit on the meme token KITTY following the reactivation of the X-account belonging to financial analyst Keith Gill (The Roaring Kitty), who in 2020 incited a retail trader ‘war’ against Wall Street. Analysts at Lookonchain noted this development. The MEMEcoin $KITTY is up over 6000% due to […]

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ForkLog 38 08.05.2024

Trader Turns 60 SOL into $1.26 Million with Meme Coin Investment

On March 10, a user spent 60 SOL ($8673) to purchase 24.8 million HAMMY meme tokens on Solana. Within two months, this investment grew to $1.26 million, as noted by Lookonchain. This trader is so patient! He turned 60 $SOL($8,673) into $1.26M in 2 months, a gain of 144x! He spent 60 $SOL($8,673) to buy […]

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ForkLog 15 03.05.2024

Memecoins: A “Valuable” Tool for Decentralized Exchanges, Says Expert

Trading in memecoins is beneficial for decentralized exchanges (DEX) as it attracts non-traditional DeFi traders to the platforms. This was stated by Synthetix founder Kain Warwick at the MemeGlobal Sydney conference, reports Cointelegraph. “There is an opinion that memecoins are pure speculation. In my view, speculation is good. They are valuable,” he added. Warwick disagreed […]

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ForkLog 27 02.05.2024

Sponge Project Launches Staking for Second Version Token

The team behind the meme token Sponge has announced the launch of staking for the second version of its tokens (V2), according to a press release.

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ForkLog 25 01.05.2024

‘AI tokens are meme coins’: All Time Half guests on the state of the market

On April 13, guests on the CRYPTOCENOSIS stage at ForkLog’s All Time Half 2024 conference discussed the current state of the crypto market, the Austrian school of economics, meme coins, AI tokens and the prospects for the coming bull market. Here are the key takeaways. Is Bitcoin a replacement for the existing financial infrastructure? Briefly: […]

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ForkLog 15 29.04.2024

Trader Loses $152,000 in Half an Hour Due to Insider Trading

A user fell victim to insider trading of the meme coin CoolCoin (COOL) on the Solana network, as reported by analysts at Lookonchain. Don’t buy when snipers/insiders are dumping #MEMEcoins on you, or you’ll lose heavily as this trader did! This trader spent 1,600 $SOL to buy $COOL and sold for only 532.58 $SOL, losing […]

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ForkLog 16 26.04.2024

Trader Nets $23 Million from Meme Tokens

A trader using the domain paulo.sol in the SNS has garnered over $26 million in profits by trading meme coins on Solana, as noted by experts at Lookonchain. What a legend!? paulo.sol has realized profits of $9.51M on $WIF, $7.04M on $boden and $6.28M on $BONK. 1/ Let’s dig into his trades to see what […]

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ForkLog 54 26.04.2024

Airdrop of Meme Tokens Offsets Cost of Solana’s Web3 Smartphone Preorder

Customers who preordered the Saga Chapter 2 Web3 smartphone from Solana Mobile found their purchase costs offset by the distribution of two meme tokens. Source: X. In April, cat-themed projects — Cat in a dog’s world (MEW) and Maneki (MANEKI) — distributed an airdrop to owners of the yet-to-be-released device. On April 1, the MEW […]

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ForkLog 17 25.04.2024

Memecoins: A Threat to the Crypto Industry’s Growth, Say Experts from a16z and Compound

The surge in meme tokens is causing more disillusionment and departure among developers than even the bear market, according to Michael Dempsey, managing partner of Compound’s venture division. Seeing memecoins leading to disillusionment/churn of crypto builders to a degree more extreme than even the bear market the past few years. Increasingly find it hard to […]

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