BITPRISMIA
The Ethereum-based KEKIUS market cap exploded to $380 million on Jan. 1 before falling to $100 million after Musk changed his profile name and photo back.
Memecoin interest in 2024 was largely directed to Solana-based tokens, followed by those on Coinbase’s blockchain Base, according to a CoinGecko study.
Despite having no intrinsic value, memecoins have created many new millionaires among crypto investors.
Following the controversial death of Peanut the Squirrel, memecoins themed after Peanut have surged on Solana, with some hitting market caps of more than $100 million.
The unknown crypto trader only invested $3,000 into a new Solana-based memecoin before its price rally.
A memecoin shorting protocol called Dumpy.fun says it will release a new “squeezy” tool allowing traders to take the other side of the short trade.