Memecoins continue to struggle with no signs of recovery following the mid-February crypto market crash. According to a new Matrixport report, the memecoin sector remains stagnant despite conditions that typically favour cryptocurrency growth, including a weakening U.S. dollar and...
Argentine prosecutors have requested an Interpol Red Notice for Hayden Davis, the creator of the controversial LIBRA memecoin, amid allegations of fraud and market manipulation. According to multiple local news sources, Gregorio Dalbón, a prosecuting attorney in the case...
The U.S. Securities and Exchange Commission (SEC) has clarified its stance on memecoins, stating that these digital assets do not exactly fall under federal securities laws. In a statement released on February 27, the SEC’s Division of Corporation Finance...
Nic Carter, a partner at Castle Island Ventures, believes the memecoin era may end due to the recent $4 billion LIBRA scandal involving Argentine President Javier Milei, revealing significant corruption and manipulation in the memecoin sector. In a recent...
Dave Portnoy, founder of Barstool Sports, has mounted his defense in response to the growing scrutiny over his involvement with a series of memecoins schemes, particularly $GREED, which saw a dramatic price collapse hours after its launch. Portnoy launched...
Ben Chow, co-founder of the Solana-based decentralized exchange Meteora, has reportedly resigned from his position. The development was confirmed by Meow, the pseudonymous co-founder of both Meteora and Jupiter, in an X post on February 18. Chow's resignation comes...
A video announcing the launch of a new memecoin by the Central African Republic (CAR) President Faustion-Archange Touadera has come under scrutiny after multiple AI deepfake detection tools flagged it as potentially fake. The announcement, posted on President Touadera’s...
A pseudonymous crypto trader reportedly achieved a 2,450x return on their $5,000 investment in the new memecoin based on the Central African Republic, $CAR, within three hours. According to blockchain analytics firm Lookonchain, when President Faustin-Archange Touadéra announced the...
The memecoin sector has experienced explosive growth in 2024, with its market cap skyrocketing from $20 billion in January to over $120 billion by December, marking a 500% increase. This surge is largely attributed to social media hype, celebrity...
Siqi Chen, the creator of the MIRA memecoin, has publicly apologized following the launch of a controversial test token, ZERO, which led to significant losses for traders despite clear warnings that the token was designed to lose value. Chen...
