With Bitcoin up above $68,000, meme coins like Woman Yelling At Cat, Settled EthXY Token and Phili Inu spiked double digits.
According to CoinMarketCap, the global crypto market has slowly recovered from last week’s slump. The crypto market cap has jumped to $2.34 trillion from last weekend’s $2.17 trillion.
Bitcoin (BTC) is hovering above $68,000, and Ethereum (ETH) is trading around the $2,600 level. But in the last few hours, the market seems to be cooling down, with signs of a potential reversal.
Despite this uncertainty, these three meme coins are up by double digits.
Woman Yelling At Cat pumps 80%
The latest data from CoinGecko shows an interesting price trajectory for a Taylor Armstrong-inspired meme coin.
Woman Yelling At Cat (WYAC), which gets its name from a meme that spoofs an episode of “The Real Housewives of Beverly Hills,” surged from a 24-hour low of $0.02504 to a high of $0.05288.
The exact reason for the price surge is unclear. And yet, WYAC’s popularity is growing on social media, including X.
See the chart below.
1 month price chart from CoinGecko
However, the surge seems to have cooled down now. The WYAC coin now has a market cap of $45.5 million. Interestingly, the meme coin touched an all-time high on Oct. 17.
This recent surge has earned the meme coin its position as the largest gainer on CoinGecko’s list. On-chain data portal Alphanomics also shared that WYAC is one of the top five biggest price gainers in the last 30 days, with a 6200% surge.
Top 5 memecoins with the biggest price gains in the past 30d? All on Solana—except for two:
SEXY first launched in August 2023 on the Ethereum blockchain.
Third on the gainers list is PHIL with a 54% pump. The meme coin — featured on the 46th edition of the SHIB Magazine — is also up by over 130% in the last 30 days, with its price now hovering around the $0.04 level.
The rise in these not-so-popular meme coins comes as Popcat’s (POPCAT) relaxed price movement. The cat-themed Solana (SOL) meme coin is down by over 3% in the last 24 hours and 15% in the last seven days.
However, POPCAT has shown similar pullbacks following major pumps in the past. But the current trajectory of the meme coin remains unclear.
The Ethereum (ETH) network has dethroned the Bitcoin (BTC) network in terms of volume.
NFT buyers almost doubled from last week’s 263,804 to 494,666.
The number of NFT sellers also witnessed a 108% surge and stands at 252,401.
Ethereum vs. Bitcoin
Bitcoin, which has been maintaining its top position, has been dethroned by Ethereum in terms of sales volume in the last seven days.
Source: Blockchains by NFT Sales Volume (CryptoSlam)
Ethereum NFT sales volume has surged from last week’s $26.6 million. The sales have seen an uptick by over 30% and stand at $33.4 million at press time.
Bitcoin has also exhibited a 36% surge, with the weekly sales volume standing at $21.6 million.
However, when it comes to Ethereum, $5.3 million of the volume accounted for wash trading. This is considerably higher compared to Bitcoin’s wash trading of $902,000.
Cryptoslam data shows that Solana (SOL) has stood robust in its third position, just like last week. Solana’s weekly NFT sales volume stood at $16.6 million.
Mythos Chain (MYTH) and Polygon (POL) earned the next two positions in the leaderboard with $5.5 million and $3.9 million in sales, respectively.
Concerning the number of NFT buyers, Solana has maintained its dominance at 192,543. This is a considerable 220% surge from last week’s 60,115.
DMarket maintains its first position for over three weeks
NFT Collection Rankings by Sales Volume (CryptoSlam)
Just like the last two weeks, DMarket maintains its ranking with the highest sales — $5.2 million. However, the sales are down by almost 30% from last week’s $8.02 million.
Uncategorized Ordinals is second on the list with $4.86 million in sales. This NFT collection has seen an 1,800% surge in sales in the last seven days.
According to Cryptoslam, these are the top NFT sales from the last seven days:
Ordinal Maxi Biz (OMB) #882b65…a96ei0 sold for $109,079 (1.5942 BTC).
Ordinal Maxi Biz (OMB) #32b13f…6c26i0 sold for $91,085.87 (1.3371 BTC).
Ordinal Maxi Biz (OMB) #591165…c718i0 sold for $87,895.17 (1.2857 BTC).
CryptoPunks #6409 sold for $79,237.16 (29.99 ETH).
CryptoPunks #8135 sold for $78,503.09 (29.75 ETH).
Solv Protocol has introduced ‘SolvBTC.JUP’, a new Liquid Staking Token that lets Bitcoin investors earn returns through Solana’s decentralized finance ecosystem.
Even though it is only in its pilot phase, SolvBTC.JUP offers Bitcoin holders a way to generate returns, paid in Bitcoin (BTC), by participating in Solana’s (SOL) Jupiter Exchange, according to a press release shared with crypto.news.
The process works by depositing Bitcoin into Solv Protocol. In exchange, users receive SolvBTC.JUP, which represents their staked Bitcoin.
This token accrues yield over time based on Solv’s involvement in the Jupiter Liquidity Provider Pool. The Jupiter Exchange, a platform for decentralized perpetual trading, allows liquidity providers to earn fees based on trading activity.
Solv’s strategy minimizes risks by hedging exposure to market movements while maintaining the Bitcoin stake.
What this means
For Bitcoin holders unfamiliar with DeFi, staking means temporarily locking up tokens to support a network or participate in a trading pool. In return, the staked tokens earn rewards, often in the form of the same token.
SolvBTC.JUP allows Bitcoin owners to participate in this system on the Solana network without giving up their Bitcoin exposure. With an expected return of 12%, per the press release, SolvBTC.JUP builds on Solv’s previous success in offering Bitcoin staking on other platforms.
Nansen has announced a new integration into Solana. This integration will provide advanced token and wallet tracking tools to analyze the Solana ecosystem.
In a press release sent to crypto.news on Oct. 17, blockchain analytics firm Nansen announced a new integration into the Solana(SOL) Network which will enable Nansen to offer comprehensive wallet attribution and data analysis previously untouched upon by the protocol.
The Nansen platform will include features such as a Wallet Profit and Loss or “Wallet PnL”, designed to track portfolio management and “Signals” that identify market trends using on-chain AI. Nansen also provides “Token Screener” to give performance insights on current tokens and “Smart Money” which can track the movements of investors and whales within the Solana ecosystem.
By integrating these features into Solana, Nansen will be able to bridge the gap between existing Solana data analysis tools and those found within other ecosystems.
Now, Nansen can provide much more comprehensive and deeper token and wallet analytics that bring clarity to the complex and ever-evolving Solana ecosystem
CEO of Nansen, Alex Svanevik, stated that the integration between Solana and the Nansen platform is a crucial steps towards advancing the blockchain analytics market.
“By offering in-depth token and wallet-level data, we’re giving investors the tools they need to navigate Solana with confidence. This launch marks a pivotal moment for Web3 analytics,” said Svanevik.
Nansen offers a set of token and wallet tracking tools that can track balances in real-time and follow wallet movements within Solana’s ecosystem, so that users can follow the movement of assets and identify trends, risks, and opportunities.
Additionally, Nansen provides millions of wallet labels such as “Memecoin Whale” and “Token Deployer” used to identify key players, including whales and investors.
Finally, Nansen recognizes the distinction between Solana Virtual Machine and EVM. Therefore, the integration with Solana offers tailored solutions for EVM and non-EVM views across 16 different blockchains which include all major Ethereum Layer 2s.
A cryptocurrency trader recently missed out on a massive profit potential after selling his Goatseus Maximus tokens too soon.
According to data provided by Solscan, the trader initially bought 19.72 million GOAT tokens on Oct. 10, making three separate transactions between 21:37 and 21:48 UTC. He spent 40 Solana (SOL), worth $5,500 at the time, to acquire his holdings.
However, shortly after his purchase, the price of GOAT faced extreme volatility, crashing by over 72% within just an hour. The token’s value fell to a low of $0.00004076, prompting the trader to panic.
Fearing the price might drop to zero, as is common with new meme coin projects, he decided to sell his entire position at 22:24 UTC, barely an hour after his purchase.
The trader sold all 19.72 million GOAT tokens for just 7.87 SOL, about $1,100, taking a loss of 80% on his initial investment, amounting to $4,400. At the time, this seemed like a sensible decision given the sharp price decline. However, just five days later, the asset’s price skyrocketed.
The 19.72 million tokens the trader sold are now worth over $6 million at the time of writing, as the token’s value climbed to $0.3082. This represented a massive increase of 751,126% from the earlier low of $0.00004076.
The recent event is the latest in a long line of similar occurrences. In March, an investor who participated in the Book of Meme (BOME) presale sold their BOME tokens too early. Despite earning over $100,000 in profits, they missed out on a $1 million gain.
In August, another trader sold their Sundog (SUNDOG) tokens to net a profit of about $400 within 20 minutes. However, this proved to be a premature decision, as the tokens’ value rallied to $2 million days later.
The Aptos token price is increasing due to all the positive buzz surrounding the project.
Let’s take a closer look at APT (APT) coin so we can understand the project and the factors that are currently influencing its price.
Table of Contents
What is Aptos?
Aptos, a layer 1 blockchain, was launched by Aptos Labs in October 2022, founded by a team of former employees who worked on Meta’s (formerly Facebook) crypto project Calibra, which was later rebranded as Libra and then Diem.
Aptos Labs, co-founded by CEO Mo Shaikh and CTO Avery Ching, is on a mission to reshape the Web3 experience. Their passion lies in creating user-friendly dApps on the Aptos blockchain, making the advantages of decentralized technology accessible to a broader audience.
Aptos distinguishes itself in the crypto space with its innovative approach to transaction processing, scalability, and security, making it a versatile platform for dApps and NFTs. The project is often referred to as an “Ethereum (ETH) and Solana (SOL) killer.” Its innovation is built on three key components: the Move programming language, a parallel transaction processing system, and Block-STM technology.
The Move programming language, initially developed for the Meta Diem project, is designed for security and flexibility in smart contract development.
In terms of transaction processing, Aptos stands out by using a parallel approach, departing from the sequential execution model employed by major blockchains like Bitcoin (BTC) and Ethereum (ETH). This enables Aptos to achieve potential speeds of over 160,000 transactions per second.
What lies ahead for APT, the native token of Aptos? Will its price return to previous highs?
Aptos crypto news and price factors
The Aptos token price is increasing due to all the positive buzz surrounding the project. Over the past 30 days, the Aptos (APT) coin has risen by approximately 70%. In the last week, its price climbed by 14%, and in the past 24 hours, it gained 2.5%.
As of October 15, 2024, the APT token is trading at $10.4, still well below its all-time high of $19.9 which the coin reached at the end of January 2023.
APT 1-day chart, October 2024 | Source: crypto.news
A big reason behind the recent rise of the price of Aptos tokens is Franklin Templeton’s announcement about launching its OnChain U.S. Government Money Fund (FOBXX) on the Aptos blockchain. Now, with this move, investors can easily get to the fund through the Benji Investments platform, simplifying how they manage their wallets on the Aptos network.
⚡ Aptos Newsroom, Special Edition ⚡@FTI_DA has launched its Franklin OnChain U.S. Government Money Fund (FOBXX) represented by the BENJI token on Aptos! 🤝
What’s more, Aptos is making waves in the Japanese market with its acquisition of HashPalette, a subsidiary of HashPort Inc.
This exciting move will allow HashPalette to transfer its blockchain infrastructure and applications to the Aptos network by 2025.
BIG NEWS: We’ve agreed to acquire @hashpalette_en, the pioneers behind Japan’s Palette Chain! This is a game-changer for Japan & the Aptos ecosystem. 🌏
This underscores our commitment to Japan, supercharging their booming digital economy with @Aptos cutting-edge tech ⚡🌐 pic.twitter.com/NjAYhT7ez1
Additionally, Aptos became the exclusive provider of blockchain technology for the digital wallet system at Expo 2025 in Osaka.
28 MILLION people are expected to attend the World Expo 2025 in Osaka Japan, and they’ll all be using a digital wallet developed by our latest acquisition @hashpalette_en on Aptos
🇯🇵 has A+ gov’t support & a vibrant Web3 ecosystem, making it (and APAC) the future of Web3. lfg pic.twitter.com/fMelMF9PNs
It’s clear from these updates that the Aptos blockchain is expanding, which is attracting more investors to the APT token.
Aptos price prediction 2024
Looking ahead to 2024, the APT token has a lot of potential. Interest in the Aptos blockchain is on the rise, positioning it as a key player in the crypto scene. Its unique focus on scalability and security is capturing the community’s attention.
As more users join the project, confidence in Aptos’s ability to advance blockchain technology is growing. This excitement could spark higher demand for APT tokens, possibly driving their price up as more investors discover what the project has to offer.
While many analysts are bullish on APT due to the heightened interest in the project, nobody can truly say what price point the project will end up at by the end of the year.
Savvy investors will closely monitor newsfeeds and social media for updates on Aptos that could influence token price including key partnerships and project development among other factors.
APT coin price prediction long-term
As Aptos meme coin continues to grow, its success will rely heavily on how good it is at welcoming developers and users into its ecosystem. Many have noted that it lacks the level of adoption seen by some of its competitors.
The big question is: can Aptos carve out its place in such a competitive market? The potential is definitely there, but in an increasingly competitive and well-developed industry, adoption is everything, and long-term success for Aptos will hinge on whether the project can become more widely used, and fast.
Is APT coin a good investment?
Cryptocurrency markets are notoriously volatile, subject to sudden shifts and external influences that can defy even the most well-informed predictions. Before putting your money into anything, consider how much risk you’re okay with and what you want to accomplish financially.
That way, you can make choices that fit your investment goals.
Will Aptos token price go up?
As with any asset, nobody can really say whether the price of a cryptocurrency will go up or not in the future. What people can do, however, is monitor the price charts for historic performance and attempt to find common patterns, then run tests to see if these patterns repeat themselves as time goes on.
The ability to read charts, known as technical analysis, is a key part of trading and investment, and you can read more about this skill in the article below.
Solana has surged ahead of Ethereum in weekly on-chain trading volumes, driven by a remarkable uptick in meme coin activity that now accounts for 40% of its trading landscape.
The crypto landscape is shifting, with Solana recently eclipsing Ethereum in weekly on-chain trading volume. A recent report from Wintermute shows that Solana’s (SOL) trading volume jumped 50% to $51 billion, while Ethereum (ETH) reached $46 billion, reflecting the ongoing recovery of the crypto sector from recent lows.
A big driver behind this momentum appears to be the rise of meme coins, which now account for 40% of Solana’s trading activity, fueled by meme coin marketplace pump.fun, which now accounts for 35% of Solana’s total decentralized exchange volume. However, despite the extensive hype, only 0.76% of pump.fun wallets have generated $1,000 or more, as crypto.news reported earlier in an exclusive deep-dive report.
The influx of speculative trading has led to a dramatic increase in token generation on the network, capturing an impressive 86% market share, up from 60% in early September, Wintermute notes. Weekly token generation also skyrocketed from 45,000 to 110,000 tokens.
Meme coins themselves have outperformed other sectors as well, with the GMCI’s Meme Index rising 34% in September, closely trailing the 39% growth of the GMAI Index. Year-to-date, the index has surged 140%, far surpassing the GMAI Index’s 83% growth, Wintermute notes.
Analysts suggest that Solana’s burgeoning meme coin activity “could potentially catalyze broader growth across the entire industry,” adding that the calm in crypto markets may be the “prelude to a storm as the U.S. election approaches.”
The non-fungible token, or NFT, market has witnessed a 4.16% plunge in sales volume over the last seven days.
Here’s a breakdown of the latest data from Cryptoslam:
NFT sales volume dropped in the last seven days and stands at $77.6 million — lower than weekly NFT sales in the previous week.
NFT buyers dropped by a considerable 66.81% to 263,804 from last week’s 794,763
NFT sellers fell to 121,399, depicting a 67.87% drop.
NFT transactions were down by over 13.78% in the last seven days to 1,662,101.
Bitcoin leads the blockchains in seven-day surge
Now, let’s take a look at the blockchains that have reigned supreme during this period.
Source: Blockchains by NFT Sales Volume (CryptoSlam)
Ethereum (ETH) stands first in terms of sales volume. However, the Bitcoin (BTC) network exhibited a 23.11% surge in volume during the last seven days.
The numbers, which stand at $15.6 million, are considerably higher than last week’s $1.7 million.
Cryptoslam shows that Ethereum ranks first with $26.5 million in NFT sales volume. But $2.7 million of the total sales was wash trading.
The number of Ethereum NFT buyers dropped by 52% and stood at 26,673.
Bitcoin bagged the second place with $15.6 million in total sales.
Solana (SOL) comes in third with its $10.5 million in sales. Mythos Chain (MYTH), Polygon (POL) and Binance Coin (BNB) followed suit with $8.3 million, $5.3 million and $3.2 million in sales, respectively.
Solana recorded the highest number of buyers, just like last week at 60,115. However, it is considerably lower in comparison to last week’s 393,044 buyers.
DMarket still holds its first position
NFT Collection Rankings by Sales Volume (CryptoSlam)
Just like last week, DMarket is the NFT collection that is holding the position of the highest sales in the last seven days. The sales stood at $8.02 million, which happened in over 342,900 transactions.
Guild of Guardians Heroes is second on the list with $3.02 million in sales. Third on the list is CryptoPunks was dethroned by Bitcoin Puppets, which marked a 59.2% rise in sales volume in the last seven days at $2.97 million.
Coming to the top NFT collectible sales, below are the top NFT sales from the last seven days:
Bored Ape Yacht Club #7940 sold for $1,433,582 (588ETH).
Bitcoin developer Peter Todd’s snarky reply to an X user’s post asking about the name of his pets has been turned into a viral meme coin that has soared past 130% in the past 24 hours. Todd was recently claimed to be Satoshi Nakamoto, the creator of Bitcoin, by an HBO documentary.
Contrary to the HBO documentary’s claims, Canadian Bitcoin developer Peter Todd has denied the fact that he is Satoshi Nakamato. But that didn’t stop the crypto enthusiasts from making various meme coins linked to him.
The meme token with the ticker $YOURMOM, inspired by Todd’s post on X, has surged past 4000% according to data on GeckoTerminal. The Solana-powered token is currently trading at $0.002647 with a market cap of $2.4 million in mere hours since its launch on Oct. 9.
The birth of the $YOURMOM token started when one X user told Todd that he was “all over the Solana memesphere”. The user with the handle @iwantitmore_sol then proceeded to ask the developer if he had any pets and what their names are, with the intent of feeding the meme token trend of naming coins after animals.
To all the Solana memecoin degens spamming my mentios, I have one pet and it’s name is your mom. https://t.co/dOAt7v1JBa
Todd responded sarcastically by telling the X user that the name of his pet was “your mom”. Meme token creators saw his post and ran with it. At the time of writing, there have been a total of four Solana tokens made in the past 16 hours with the ticker YourMom, some even bearing Todd’s picture as the coin’s icon.
In a similar fashion, Solana meme coin creators were quick to create tokens based on Len Sassaman and his two cats, Odin and Sasha, when he was the Polymarket bettors’ top pick for Satoshi’s true identity.
After the HBO documentary named Peter Todd as Satoshi and not Sassaman, prices for memecoins created in honor of the cryptographer took a nosedive. According to data on CoinMarketCap, the token SASHA, named after Sassaman’s orange cat, has dropped 88.21% in the past 24 hours.
The same can be said about Odin, Sassaman’s other cat-inspired meme token, that saw its price plummet by nearly 90% in the hours following the release of the HBO documentary, based on GeckoTerminal.
On Oct. 8, HBO’s documentary “Money Electric: The Bitcoin Mystery” claimed that Canadian Bitcoin developer Peter Todd was Satoshi Nakamoto.
One of the main reasons mentioned by documentary producer Cullen Hobak is a series of cryptic online posts, one of which Todd called himself “the world’s leading expert on how to sacrifice your Bitcoins”. This was interpreted as a veiled admission that alluded to him destroying access to the estimated 1.1 million BTC attributed to Nakamoto.
The documentary further fueled speculation with claims that Todd once accidentally posted from Satoshi’s account on the BitcoinTalk forum in 2010.
Even before the documentary aired, Todd has been adamant in denying theories that point to him as Bitcoin’s true creator. On Oct. 8, he responded to a comment on X asking him to come out and deny HBO’s claim, to which the developer wrote “I am not Satoshi.”
