Bitcoin-based memecoin platform Odin.fun abruptly paused all trading and withdrawals on April 14 after its CEO, Bob Bodily, revealed that his account had been compromised. In an X post, Bodily clarified that the breach was limited to his Odin.fun account and did not impact his personal Bitcoin wallet. My ODIN•FUN ...
Solaxy, a meme coin project offering Layer-2 scaling solutions for Ethereum and Solana, has raised over $26 million in its presale. This success indicates increasing interest in utility-driven meme coins and highlights the project's potential to tackle scalability challenges in the blockchain sector. Solaxy's SOLX token presale has gained interest ...
Bubblemaps analysts have found evidence linking the launch of the LIBRA memecoin to the team responsible for the controversial Melania (MELANIA) token. Their investigation suggests a pattern of market manipulation involving pump-and-dump schemes. In a post on February 17, they expressed strong confidence that the same group or closely connected ...
Hester Peirce, a Commissioner at the United States Securities and Exchange Commission (SEC), has suggested that many memecoins may not fall under the agency's oversight due to the current regulatory framework. In an interview with Bloomberg, Peirce explained that determining whether a memecoin falls under the regulator's jurisdiction depends on ...
Former Binance CEO Changpeng ‘CZ’ Zhao has voiced concerns over the rising popularity of meme coins, urging blockchain developers to shift their focus toward utility-based innovations. In a November 26 post on X, Zhao described the meme coin trend as "a little odd" and called on creators to prioritize building ...
Michael Novogratz, CEO of Galaxy Digital, has once again expressed strong support for memecoins, describing them as a fundamental part of the cryptocurrency world. In a post on X, he emphasized their significance, calling them the "most powerful narratives out there." Novogratz shared a video on June 13 from Business ...
A memecoin linked to Australian musician Iggy Azalea has raised over $300,000 in a presale organized by alleged serial scammer Sahil Arora. Despite this, Azalea has distanced herself from Arora's project. Posts from her X account on Tuesday clarified that while she had considered creating a legitimate coin, Arora proceeded ...
Kabosu, the Shiba Inu who held a significant place in the hearts of the crypto community as the face of the iconic 'Doge' meme and the Dogecoin cryptocurrency, peacefully passed away on May 24 at the age of 17. Atsuko Sato, Kabosu's owner, shared the news on her blog, thanking ...
Over 1 million new tokens, most of which are memecoins, were launched on various blockchain networks since the beginning of April 2024, with Solana and Ethereum leading the pack. Data from the Dune Analytics Dashboard reveals that Ethereum hosted over 370,000 new tokens during this period, while Solana boasted over ...
On May 9, the Trump-themed memecoin MAGA (TRUMP) surged by as much as 78% following Republican presidential candidate Donald Trump's comments on cryptocurrencies. Trading at $6, up 46% over the last 24 hours, MAGA saw a 620% jump in trading volume, reaching $281.8 million, according to data from TradingView. With ...
