Bots are likely behind most of the memecoins launched on Pump.fun and LetsBonk, according to Coinbase's head of product, Conor Grogan.
Memecoin News
Memecoins, also known as meme cryptocurrencies or meme crypto, are digital currencies inspired by popular internet memes. Several meme tokens with large market caps boast active communities, such as Dogecoin (DOGE), Shiba Inu (SHIB), which are based on the Doge meme, and PEPE, which was inspired by Pepe the Frog.
So, what is a memecoin? Memecoins are a type of cryptocurrency featuring an internet meme character for its logo. Memecoins may serve a variety of purposes — or none at all — as they are not always the same, but they can still be bought and sold like other digital assets on most centralized and decentralized exchanges.
If you are looking to buy memecoins, do so at your own risk, as they are widely seen as speculative and volatile assets, and trading them is seen as risky.
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Crypto exchange Gate.io removed the webpage showing an upcoming Pump.fun token sale on Saturday, while its support account on X gave a confusing explanation.
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Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Solana’s newest memecoin launchpad, LetsBonk, doubled Pump.fun’s daily revenue with $1.04 million, shaking up the leaderboard in the memecoin space.
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A bullish pattern on the DOGE chart points to a potential price recovery to $0.25.
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Traders say an ETH rally to $3,200 could result from a “golden cross” pattern, but other Ether price metrics are not so bullish.
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Marketed with Trump’s name but lacking a white paper or utility, the TRUMP token surged to a multibillion-dollar valuation before crashing.
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Solana increased its DEX market share and moved ahead of Ethereum, but will SOL price follow anytime soon?
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Bitcoin hater Brad Sherman accused US President Donald Trump of accepting a $300 million bribe from TikTok, but TikTok denied it has anything to do with it.
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The current memecoin market capitalization is over $60 billion, more than Tron and Cardano combined.
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Argentina’s corruption watchdog has cleared President Javier Milei of wrongdoing over the LIBRA scandal, saying the post was made while acting in a personal capacity.
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Trump seems to recognize his official memecoin, down 85% from its all-time high, as a tool to measure public sentiment.
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World Liberty Financial reportedly sent a letter after the company behind Donald Trump’s memecoin and Magic Eden announced plans to launch an “official $TRUMP wallet.”
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Pump.fun has yet to confirm or deny rumors of a $1 billion token sale and 10% airdrop, but the community is split on whether the potential launch would help or harm the crypto space.
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Trader’s interest in Solana is strong, but declining memecoin prices and SOL token unlocks have put a cap on the altcoin’s rally.
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