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...
Mark Longo, the original owner of Peanut the Squirrel, has escalated his legal battle with Binance following the crypto exchange’s decision to list the PNUT memecoin on November 11. Longo accused Binance of infringing on his intellectual property rights...
Memecoins have carved out a distinct niche in the cryptocurrency world, combining internet humour with investment potential. From Dogecoin's beginnings as a playful parody to the rise of Shiba Inu and other culturally inspired tokens, memecoins have drawn massive...
Rapper Wiz Khalifa's social media account on X was reportedly hacked on November 3, resulting in now-deleted posts promoting a fraudulent cryptocurrency, “WIZ.” The posts targeted Khalifa's 35.7 million followers, misleading them to believe it was an official project...
Japanese crypto exchange BitPoint has listed memecoin, $PEPE, on its trading platform. Notably, the cryptocurrency, which was inspired by the well-known "PEPE the Frog" meme launched in 2023, has quickly gained traction. It now ranks 24th in market capitalization,...
Binance Futures has expanded its offerings with the addition of MOODENG, a popular Solana-based meme coin, to its futures contract listings. The new perpetual contract, which uses Tether(USDT) as its settlement asset, launched with a capped funding rate of...
Pranav Kanade, the portfolio manager of the VanEck Digital Assets Alpha Fund, believes that memecoins could provide a blueprint for improving adoption in the crypto and web3 ecosystem. In a recent X post, Kanade emphasized that the viral nature...
