SOL, BOME Trend on Social Media as Ether, Bitcoin Lag
Increased crowd chatter may be a sign of an impending retail investor frenzy.
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meme coin
Increased crowd chatter may be a sign of an impending retail investor frenzy.
The Foundation first said in December it would invest in meme coin as part of a digital culture drive.
Ethereum network fees surged to nearly two-year highs, largely driven by the speculative frenzy with meme tokens such as PEPE, SHIB and FLOKI.
A new breed of meme coins have spawned on Solana this week with speculators hopping on a new wave of cartoonish coins focused around politicians and celebrities.
Meme coins have been in a bull rally recently, dominating the top five performers of the week. In particular, PEPE … Continue reading
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As reported last week, the burn removes 2% of the tokens from the circulating supply.
One part community, one part prediction market, the meme coin with the former president’s namesake is a troll project that became serious, its marketing director told CoinDesk in an interview.
Solana’s biggest meme coin BONK will list on Revolut, which plans to run a $1.2 million “learn” campaign for users.
The burn turned out to be a “sell the news event” as traders had already accounted for the purge – and then some.
“These coins, often inspired by internet culture and humor, go beyond mere utility assets,” the foundation said.