Memes | ForkLog

ForkLog 18 12.04.2024

Investor Turns $9,000 into $6.27 Million with APU Meme Token

An investor has multiplied their investment 750-fold with the meme token Apu Apustaja (APU), according to analysts at Lookonchain. Is #MEME season on #Ethereum coming again? This trader turned $9K into $6.27M on #Ethereum in only 1 month, a gain of 693x! He spent 2.385 $ETH($9K) to buy 8.36B $APU from Mar 11 to Mar […]

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ForkLog 9 12.04.2024

Investor Labels Memecoins as Web3’s ‘Trojan Horse’

Memecoins are drawing new users into the crypto industry, facilitating broader adoption of DeFi protocols and the entire Web3 ecosystem, according to Pantera Capital’s managing partner, Paul Veradittakit. Memecoins-A Trojan Horse For Web3 Memecoins have been all the rage lately. Are they a bubble? Or can they add real value to web3? In this Thread, […]

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ForkLog 19 12.04.2024

PUPS Meme Coin Surges Amid Runes Anticipation

In the past 24 hours, the price of the BRC-20 standard meme token PUPS has soared by 56%. CoinDesk attributed this to the excitement surrounding the upcoming launch of the Runes protocol. At the time of writing, the coin is trading at $71. Over the week, its value has increased by more than 1000%. The […]

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ForkLog 19 09.04.2024

One in Six Meme Tokens on Base is Fraudulent, 91% Have Vulnerabilities, Study Finds

Since the Dencun update, which reduced fees in L2 solutions, Coinbase’s Base protocol has seen a sharp increase in users, transactions, and TVL. Meme coins dominate much of this activity, with one in six coins being a scam, according to a report by Cointelegraph Magazine. Researchers compiled “profiles” of 1,000 tokens launched between March 19 […]

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ForkLog 16 05.04.2024

Trader Nets $1 Million in a Day from EPIK Meme Token

A trader multiplied their investment by 195 times with a meme token on the Solana blockchain, as noted by analysts at Lookonchain. In just 1 day, this guy made 5,906.4 $SOL($1.03M) with only 30.3 $SOL($5.3K) on #Solana, a gain of 195x. He spent 30.3 $SOL($5.3K) to buy 261.27M $EPIK and sold 231.27M $EPIK for 5,936.7 […]

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ForkLog 5 05.04.2024

Surge in New Traders for Meme Coins Observed by IntoTheBlock

The number of wallets holding meme tokens for less than 30 days reached a record high in March, indicating a significant influx of new traders. The number of addresses holding meme coins for under thirty days hit a record high last month. This indicates a massive inflow of new traders buying memecoins pic.twitter.com/Qqc2at98UV — IntoTheBlock […]

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ForkLog 13 03.04.2024

URF Meme Token Developers Execute $450,000 Rug Pull

The team behind the meme coin URF vanished with 2400 SOL (~$450,000) collected during the token’s presale, as reported by on-chain researcher ZachXBT. Influencer @BryceHall made multiple posts promoting a sketchy Solana presale for a meme coin called URF helping them raise ~2400 SOL ($450k). The team disappeared less than 24 hrs after launch and […]

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ForkLog 15 02.04.2024

BNB Chain Launches Meme Coin Contest with Prizes Up to $1 Million

The BNB Chain ecosystem team has announced a developer support program for meme token creators, offering a prize pool of up to $1 million. As part of the Meme Innovation Campaign, participants must deploy a meme coin on the BNB Smart Chain (BSC) and submit their application by April 9 at 23:59 UTC (April 10, […]

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ForkLog 16 01.04.2024

Arthur Hayes and Raoul Pal See Value in Meme Tokens

One should exercise caution before dismissing meme coins as “silly,” as they may benefit blockchain ecosystems by attracting new users and developers. This was stated by former BitMEX CEO Arthur Hayes in an interview with former Goldman Sachs executive and macro investor Raoul Pal. In his view, Ethereum and Solana are the most suitable protocols […]

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ForkLog 15 29.03.2024

Vitalik Buterin Proposes New Qualities for Memecoins

Ethereum co-founder Vitalik Buterin shared his thoughts on memecoins amidst their boom, expressing a desire to see “more good coins than bad ones.” What else could memecoins be?https://t.co/8ZVhwkVwLy — vitalik.eth (@VitalikButerin) March 29, 2024 In his view, there are three main reasons why people are interested in such assets: their value increases; they are open […]

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ForkLog 21 28.03.2024

Messari Labels Meme Tokens as a ‘Trojan Horse’

Meme coins will remain a vital part of the crypto industry and potentially evolve into a new asset class, according to The Block, citing a statement by Martje Bas, Head of Research at Messari, at the BUIDL Asia conference. “Cryptocurrency is often criticized for lacking use cases for the average person, and this is a […]

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ForkLog 14 26.03.2024

Trader Nets $8.9 Million in Two Hours with MEW Token

An unidentified user transformed $35,000 into $8.9 million in under two hours using the cat in a dogs world (MEW) token. Analysts at Lookonchain highlighted this remarkable feat. Crazy! ? This guy turned $35K into $8.9M in less than 2 hours! He spent 178.2 $SOL($35K) to buy 4.41B $MEW ~2 hours ago. And the 4.41B […]

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