Lưu trữ cho từ khóa: Meme coin

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Here’s why RabBitcoin, Catizen, and Dogs tokens have plunged

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Most highly hyped Telegram tokens have suffered a harsh reversal, a few weeks after their airdrops and exchange listings.

RabBitcoin (RBTC), the token for the Rocky Rabbit ecosystem, has plunged to $0.0000037, down from its September high of $0.000007. Its market cap has retreated from over $63 million to $47 million. Catizen (CATI), a popular cat-themed game, has crashed from $1.1974 to $0.4, bringing its valuation to $84 million.

Meanwhile, Dogs (DOGS), another popular Telegram cryptocurrency, has dropped from $0.0011 in September to $0.00065.

Other tokens like Hamster Kombat and Notcoin have also struggled, with their sell-offs costing holders billions of dollars. Toncoin (TON), which powers the TON Blockchain, has also entered a deep bear market, falling by over 43% from its highest level this year. 

Telegram gaming hype has faded

Telegram’s tap-to-earn and gaming tokens have disappointed many users who had accumulated millions of coins before the airdrop. Dogs has over 50 million users, while Catizen and Rocky Rabbit have 42 million and 30 million, respectively.

As was reported earlier on Hamster Kombat, CATI, DOGS, and RBTC have dropped due to increased selling by people who accumulated tokens before the airdrop. In most cases, holders of “to-earn” tokens sell after the airdrop to avoid the initial drop.

This is common with most airdrops. For example, the Wormhole token has dropped by over 84% from its listing price, despite its strong utility. ZkSync has also fallen by double digits.

This sell-off is also driven by the broader sentiment in the crypto market. The crypto fear and greed index has moved to the fear zone of 37, as most coins have entered a bear market. Bitcoin has dropped to $60,600, while the total market cap of all cryptocurrencies slipped to $2.1 trillion.

Additionally, these Telegram tokens face the challenge of keeping users engaged as their reward tokens continue to decline.

This is a major reason why most play-to-earn networks that gained popularity in 2021 have lost traction. Data from DappRadar shows that Notcoin had 137 unique active wallets in the last 30 days.

Catizen UAW by dAppRadar

While Catizen had 1.42 million unique active wallets in the last 30 days, the number has significantly decreased in recent days. The same trend has occurred across other games like Catizen and Hamster Kombat.

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Theo Crypto News

DeFi

ZachXBT exposes Murad Mahmudov’s 11 meme coin wallets

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Web3 investigator ZachXBT reveals what he claims to be 11 Ethereum and Solana wallets belonging to Murad Mahmudov, a crypto trader who has been actively promoting memecoins on his socials.

On an Oct. 8 X post, crypto sleuth ZachXBT claimed that he has discovered “11 high confidence wallets tied to @MustStopMurad holding ~$24M in meme coins.

He explained to users that he believes they are Murad’s wallets because they have been linked to the same Ethereum(ETH) source and the holdings inside them follow a similar pattern to Murad’s history of meme coin purchase posts.

His revelation earned him mixed reactions from the crypto community on X, with some accusing him of making Murad a target for doxxing by exposing his wallet information. While others have praised him for creating more transparency and claiming that the information ZachXBT shared was already public knowledge.

In a follow up post, ZachXBT explained that he revealed Murad’s wallet addresses so that followers can “monitor his future activities”. Murad has been known for promoting meme coins on his platform and recommending his top picks for followers.

“Murad is making very bold predictions about micro cap memecoins to thousands and thousands of followers while controlling the supply… People deserve to make more informed decisions about the coins they buy,” said ZachXBT.

Murad Mahmudov is a crypto trader that founded Adaptive Capital and was formerly the chief information officer. The crypto hedge fund went bankrupt in March 2020. Since then, he was able to amass a large following on X, building his social media presence on advocating about meme coins.

The crypto sleuth has previously criticized Murad, accusing him of using his large following to promote coins instead of actually having an “edge” on the market.

One X user disagreed with ZachXBT’s decision to expose the Solana(SOL) and Ethereum wallets, saying that Murad has done nothing wrong except “shill memecoins to his followers.”

“Disingenuous or not, I see this as a big risk to someone’s well being,” said @CryptoSrm in a post.

ZachXBT has been widely known in the community for his investigations that have contributed to dozens of seizures, providing on-chain analysis and tracking down stolen funds.

On Oct. 7, the pseudonymous blockchain investigator helped a US senior citizen recover $275,000 in Bitcoin stolen in a social engineering fraud. He also warned the crypto community that the newly launched defi lender Sorta Finance could very well be an exit scam, alleging it was part of a criminal group stealing funds across blockchains in July 2024.

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Theo Crypto News

Phân tích

Shiba Inu price stuck in a range as Shibarium activity dries

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Shiba Inu price remained in a tight range, underperforming some of the newly minted meme coins like Popcat, Neiro, and SPX6900.

Shiba Inu (SHIB) was consolidating at $0.00001718 on Oct. 9, down by 21% from its highest point this month. This retreat means that the second-largest meme coin has moved into a local bear market.

Shiba Inu’s underperformance is likely due to the ongoing rotation to newer meme coins that are generating strong returns. SPX6900 (SPX) has soared by over 300% in the last seven days, bringing its market cap to over $562 million.

Popcat (POPCAT), a popular Solana (SOL) meme coin, has surged by over 13,500% from its lowest point in January. Some of the other top-performing new coins are Neiro (NEIRO), Gigachad, and Apu Apustaja.

Shiba Inu’s performance has also been impacted by the waning traction in Shibarium, its layer-2 network. Data from ShibariumScan shows that the number of active accounts has dropped to below 500, while new accounts on Oct. 8 were just 33. 

Shibarium’s average transaction fee has dropped to 0.005 BONE, down from last month’s high of 0.062 BONE, a 91% plunge. The number of transactions on the network has also dwindled.

Shibarium’s transactions and fees are important for Shiba Inu because some of the BONE is converted into SHIB and burned. 

Meanwhile, Shiba Inu’s open interest in the futures market has also dropped sharply. It moved to $44 million, down from this month’s high of $70 million.

Shiba Inu price has stalled

Shiba Inu price chart | Source: TradingView

The daily chart shows that the SHIB token bottomed at $0.00000108, its lowest level on Aug. 5. It has rebounded above the upper side of the falling wedge pattern, which is shown in black. 

The token has remained above the 50-day and 100-day Exponential Moving Averages. Additionally, the MACD indicator has stayed above the zero line.

SHIB’s rebound will be confirmed if it moves above the crucial resistance level at $0.0000187, its highest swing on Oct. 6. A move above that level could point to further upside, potentially to $0.000021, its highest level on Sept. 27.

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Theo Crypto News

Phân tích

Here’s why the Baby Doge Coin pumped to March highs

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Baby Doge Coin rose for four consecutive days, reaching a high of $0.0000000028, its highest level since March. 

Puppy.fun airdrop ahead

Baby Doge Coin (BABYDOGE), one of the largest meme coins, has risen by 37% in the last seven days and by 250% from its lowest point this year. Its market cap has grown from $180 million in January to over $417 million.

The token’s rally began in September when it was listed by Binance, the largest crypto exchange in the industry. According to CoinGecko, BABYDOGE’s 24-hour volume on Binance was $94.23 million, accounting for 98% of the total. It was also recently listed by BiKing, a gaming and crypto exchange.

The rally coincides with the upcoming launch of Puppy.fun and its airdrop. While details are scarce, Puppy.fun will likely be the next meme coin generator in its ecosystem.

These generators have gained popularity recently. All meme coins generated in Solana’s Pump.fun have accumulated a market cap of over $1.3 billion, while its all-time fees collected have risen to $122.48 million. All Sun Pump tokens have a market cap of over $366 million.

While Baby Doge Coin is a meme coin, the developers have worked to create a utility for the token. They launched the BabyDogeSwap DeFi platform, where users can swap, earn, and buy NFTs. According to DeFi Llama, BabyDogeSwap has a total value locked of over $2.14 million. 

BABYDOGE token has also rallied amid rumors that it will be listed by Coinbase, and that the developers will expand it on Solana (SOL) and other chains.

Baby Doge Coin price flipped key resistance

Baby Doge Coin chart | Source: TradingView

The daily chart shows that the BABYDOGE token surged in September after the Coinbase exchange listing. Prior to that, it had formed a falling wedge pattern, a popular bullish reversal indicator.

It formed a golden cross pattern on Sept. 27 as the 50-day and 200-day moving averages crossed. In most cases, an asset continues its bullish trend after forming a golden cross.

Baby Doge Coin crossed the important resistance point at $0.0000000027, its highest point on Sept. 28. Therefore, a move above Oct. 9’s high of $0.0000000028 could signal further upside.

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Theo Crypto News

Phân tích

Peter Todd-inspired meme coin YOURMOM skyrockets over 4000% in live trading

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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.

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.”

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Theo Crypto News

DeFi

CATS see 691% surge ahead of major exchange listings

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CATS, a meme coin based on the TON blockchain, has witnessed a remarkable surge in its price over the past 24 hours, ahead of its listing on multiple major cryptocurrency exchanges.

Cats (CATS) has skyrocketed by 691%, climbing from $0.000067 to an intraday high of $0.00053, according to CoinMarketCap data. At press time, CATS was trading at $0.000223, still maintaining a 259% gain within a single day.

The surge in CATS’ value coincides with a massive uptick in its trading activity. Daily trading volume increased by 13-fold, reaching approximately $267,000, while the token’s market capitalization hovered around $294.4 million.

The hype surrounding CATS has pushed the token to trend on Google, driven by its popularity as a Telegram mini-app with millions of active users. It’s gaining momentum alongside other Telegram-based games like Hamster Kombat (HMSTR) and Notcoin (NOT).

Cats’ price rally came ahead of the meme coin being listed on multiple exchanges, including Bybit, KuCoin, Bitget, and Haskey, on Oct. 8 at 10:00 UTC. With these listings, community members can now withdraw the airdropped tokens they received during Season 1 of the project. The airdrop distribution was determined by various Telegram account metrics, including the age of the account, premium status, and user activity.

This event also marks the official launch of CATS’ Season 2, which is expected to bring additional developments to the memecoin ecosystem. Season 2 will introduce innovative features such as AI photo farming and unique CAT-themed profile pictures, offering further engagement opportunities for users.

Airdrop distribution and community involvement

CATS has a total supply of 600 billion tokens, with a significant portion allocated for airdrops across Seasons 1 and 2. Specifically, 55% of the total supply has been reserved for distribution, with Season 1 already allocating 30%, 180 billion tokens to active community members. 

Rewards have been structured to prioritize users with OG passes and those who engage in daily transactions, ensuring that the most dedicated participants benefit from the airdrop.

As part of its community-building strategy, the project encourages users to boost their token earnings by inviting friends and completing simple tasks, such as joining the official CATS Telegram channel.

Despite the recent rally, CATS holders could soon face a potential price drop as a large number of airdropped tokens enter circulation. Similar to other meme coins based on the TON blockchain, such as Hamster Kombat’s HMSTR, which saw a 54% price decline after its launch, CATS may experience selling pressure as users begin offloading their tokens.

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Theo Crypto News

Phân tích

NEIRO surges 15%, further rally could be on the way

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Neiro, an Ethereum-based meme coin, recorded a strong bullish momentum over the past day despite the market-wide turbulence. 

Neiro (NEIRO) has surged 15% in the last 24 hours despite the market witnessing a period of lackluster performance. This uptrend follows a massive 36% gain on Oct. 6, which overshadowed the 9.23% loss NEIRO encountered the previous day.

NEIRO 4H chart – Oct. 8 | Source: crypto.news

The bullish momentum continued with a 24.51% rally on Oct. 7. An additional 2.42% increase this morning helped push NEIRO into the top spot on the gainers list.

NEIRO is up by 15.3% in the past 24 hours and is trading at $0.001678 at the time of writing. Its market cap reached $714 million with a daily trading volume of $1.17 billion.

On the four-hour chart, NEIRO has broken above the Ichimoku Cloud, signaling a potential continuation of its bullish run. Notably, the Ichimoku Cloud indicators show strong support levels amid the upsurge.

The Base Line, currently at $0.001397, is far below NEIRO’s current price, suggesting that the asset has solidified a higher floor. 

Meanwhile, Leading Span A at $0.001495 highlights the cloud’s support level. This confirms the potential for further upward movement if the support holds. If the price consolidates around these levels without falling back into the cloud, the token may see even greater gains.

The RSI, now at 77.55, indicates that NEIRO is in overbought territory. Further, buying pressure remains high, as suggested by the Signal Line at 73.46. While this is bullish, it also signals that a correction could spring up as the token becomes overextended.

Investors should keep an eye out for a potential retracement, especially given the overbought signals on the RSI. A pullback toward the Base Line around $0.001397 could present an opportunity for buyers looking to re-enter the market.

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Theo Crypto News

Altcoin

Ethereum’s Buterin dumps 10b MOODENG tokens, donates $640k to his charity fund

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Vitalik Buterin appears to have sold 10 billion MOODENG tokens and donated over $640,000 worth of crypto to his biotech charity fund.

Ethereum co-founder Vitalik Buterin has sold 10 billion (MOODENG) tokens, donating the proceeds to his biotech fund Kanro, while advocating for memecoins to maximize positive impact through charitable contributions.

According to on-chain data from blockchain analytics firm Lookonchain, the sale brought in 308.69 ETH, worth about $762,000, of which Buterin donated 260.16 ETH (around $642,000) to his biotech fund Kanro.

Following the trade, Buterin addressed the sale on X, expressing support for memecoins that contribute to charitable causes. He mentioned that any tokens sent to him are donated to charity, including the MOODENG tokens, which he allocated to anti-airborne disease technology.

“I’ve said before that I think the best thing for memecoins is if they can be maximally positive-sum for the world, so it’s great to see moments when that actually happens!”

Vitalik Buterin

MOODENG tanks 20% following Buterin’s sale

Despite Buterin’s clarification, the sale caused concern among crypto holders, triggering a 20% drop in MOODENG’s price to $0.10.

Co-founded by Buterin, Kanro directs resources to pandemic solutions, particularly in low-income countries, with a focus on open-source or IP-free projects. In November 2023, Kanro gifted $15 million to the PolyBio Research Foundation to focus research and clinical trials on SARS-CoV-2.

MOODENG, a memecoin launched on Solana through Pump.fun, was inspired by Moo Deng, a baby pygmy hippopotamus from Thailand. The token has quickly gained traction, amassing over 18,000 holders and surpassing a $100 million market cap, with $145 million in 24-hour trading volume.

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Theo Crypto News

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Moo Deng, Neiro, SPX6900 surge as fear and greed index hits 42

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It was a sea of green in the cryptocurrency industry as Bitcoin rose for two consecutive days, and the fear and greed index exited the fear zone. 

Moo Deng, Neiro, SPX6900 led the crypto comeback

Meme coins were some of the best-performing assets. Moo Deng (MOODENG), the new hippo-themed token, doubled, with its market cap rising to over $35 million. 

Neiro (NEIRO), another popular meme coin, jumped by 51.6% and reached an all-time high of $0.0015. Its market cap rose to over $621 million, making it more valuable than many well-known U.S. public companies like Beyond Meat, GoPro, and Spirit Airlines.

The SPX6900 (SPX), which aims to be a better version of the S&P 500 index, rose by 46%, continuing the gains made last week. It has increased by over 46% in the last 24 hours, giving it a market cap of over $373 million.

This price action happened as investors embraced a risk-on sentiment after last week’s strong US nonfarm payrolls data and as China unveiled more stimulus. As a result, global stocks also bounced back, with Japan’s Nikkei 225 and Hong Kong’s Hang Seng rising by over 2%. 

Crypto fear and greed index rises

Meanwhile, the crypto fear and greed index exited the fear region, rising to a weekly high of 42. In most cases, cryptocurrencies perform well when investors are no longer fearful.

The rebound also followed some positive news in the crypto industry. Metaplanet, a Japanese company, has continued to accumulate accumulate Bitcoins (BTC) as it seeks to replicate MicroStrategy’s success. MicroStrategy, which has accumulated over 252,000 coins worth $15.8 billion, has a market cap of over $33 billion, giving it a high premium.

Additional data showed that the number of Bitcoin addresses holding over $1 million in Bitcoin has continued to rise. This is a sign of significant demand for the coin despite its recent performance.

Donald Trump is also a factor in the ongoing comeback after he held a campaign rally with Elon Musk. Polymarket data shows that he has increased his lead against Kamala Harris, currently modeling a 51% chance of winning the upcoming presidential election. 

Trump is seen as a better candidate for the crypto industry because he has vowed to appoint crypto-friendly officials. He is also a key participant in the industry through his World Liberty Financial project. Data from Arkham shows that he holds cryptocurrencies worth over $6.5 million.

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Theo Crypto News