Doge contributor says BTC halving will make market movements weird, especially with high liquidity flow from new market participants. Meme frenzy could resume as a trader gained more than 69,500% from trading a meme token. Dogecoin will see increased exposure to the US – click through the up coming website page – market following its futures listing on Coinbase. A Dogecoin (DOGE) contributor warned the DOGE community on Thursday to desist from derivatives trading due to the high volatility that may occur as the Bitcoin halving approaches.

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The warning comes as Coinbase is set to begin trading the Dogecoin futures contract after gaining approval from the Commodity and Futures Trading Commission (CFTC). Dogecoin and several top meme coins have traded sideways for the past week following a general market consolidation. He cited examples of how the emergence of new market participants, their high liquidity flow, and increasing trading volume have changed market dynamics compared to previous cycles. While the Bitcoin halving is bringing hype across several social channels, with traders expecting another meme frenzy, it’s yet to reflect in recent price action. Leverage and derivatives compound the high-risk crypto trading to a high level, “and many players in that arena look at Doge as one of the ultimate playgrounds,” said @Mishaboar.

The warning coincides with Coinbase’s blog post on Thursday that it would launch Dogecoin futures on April 29 after gaining approval from the CFTC earlier in March. Barely a few hours after its DOGE futures announcement, Coinbase released another meme coin update, stating it would be adding support for PEPE perpetual futures on Coinbase International Exchange and Coinbase Advanced on April 18. Following the announcement, PEPE’s price spiked, gaining nearly 6% in the past 24 hours. Meme coin trading carries high risk, as its price is subject to significant volatility, and some tokens may be outright scams. As a result, more US (mouse click the following article) traders will gain exposure to DOGE derivative products, allowing them to speculate on its price movement. Meanwhile, Lookonchain data revealed that a trader recorded more than a 69,500% gain by spending $9,000 worth of ETH to buy the APU meme token. Before investing, it’s important for investors to do their critical research and assess their risk appetite. As future products for meme tokens continue entering the market, the fading meme frenzy could pick up again. His current holdings are worth $6.27 million.

For over a year I’ve been warning about this potential reality. Potential leader. Elon eliminated him,” Gerber tells Fortune. Last May, the Wall Street Journal even dubbed him “the executive who keeps Tesla rolling,” suggesting Kirkhorn led the field of potential candidates to replace Musk. His reward for stepping out of line is a stream of abuse from Elon superfans. The tesla BOD should be replaced immediately with independent directors as required by law. Now the board has no clear successor should something happen to Musk. Three months later he was suddenly out at the company-no reasons given. The tycoon’s moodiness and volatility, for which he is on a ketamine prescription, were less of an issue so long as Tesla’s unflappable finance chief, Zach Kirkhorn, was at his side. “Zach was a great executive. Now it’s here. It’s time for shareholders to assess the blame where due.