Solana, Avalanche Meme Coin Fever Continues as Bitcoin Nears $43K
Traders have increasingly favored these networks over Ethereum for their lower transaction fees and faster speeds.
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Memecoin
Traders have increasingly favored these networks over Ethereum for their lower transaction fees and faster speeds.
The Dogwifhat (WIF) memecoin is Solana’s latest joke token. One trader turned $1000 into $100000 buying it.
Prices reversed nearly all losses from last week following the announcement. BONK traded at $0.000014 on Thursday morning, with a trading volume of over $235 million.
A memecoin that was minted 15 minutes after Charlie Munger’s death soared by more than 31,000% before losing 98% of its value over the subsequent 24-hours.
The first-ever token floated on Uniswap was revived by a bunch of developers and is quickly gaining a loyal community.
The Web3 venture lab is built by team members who previously worked on 9GAG, an immensely popular meme site.
The viral token reached an $80 million market capitalization earlier this month before falling 90% – and failing to grow since.