| 
| Degenerator 
| #MEME
|
| MEME Price: | $67.39 | | Volume: | $192 | | All Time High: | $4,052 | | Market Cap: | $649.6 K |
|
| Circulating Supply: | 9,639 |
| Exchanges: | 1
| | Total Supply: | 10,355 |
| Markets: | 1
| | Max Supply: | 28,000 |
| Pairs: | 1
|
|
The price of #MEME today is $67.39 USD.
The lowest MEME price for this period was $0, the highest was $67.39, and the exact current price of one MEME crypto coin is $67.38986.
The all-time high MEME coin price was $4,052.
Use our custom price calculator to see the hypothetical price of MEME with market cap of ETH or other crypto coins. |
The code for Degenerator crypto currency is #MEME.
Degenerator is 2.8 years old. |
The current market capitalization for Degenerator is $649,571.
Degenerator is ranked #1266 out of all coins, by market cap (and other factors). |
The trading volume is weak today for #MEME.
Today's 24-hour trading volume across all exchanges for Degenerator is $192. |
The circulating supply of MEME is 9,639 coins, which is 34% of the maximum coin supply.
A highlight of Degenerator is it's amazingly small supply of coins, as this tends to support higher prices due to supply and demand in the market. |
MEME has very limited pairings with other cryptocurrencies, but has at least 1 pairing and is listed on at least 1 crypto exchange.
View #MEME trading pairs and crypto exchanges that currently support #MEME purchase. |
| Note that there are multiple coins that share the code #MEME, and you can view them on our MEME disambiguation page. |
 | What is a Meme Coin? The Biggest Meme Coins You Must Know About
Meme coins have made a massive impact on the cryptocurrency market and have become an inseparable part of it.
It’s perhaps safe to say that Dogecoin was the one meme coin that gave birth to a movement that would later grow to a multi-billion market with a community as passionate as none other.
Dogecoin is no longer the only meme coin worth looking into, as the likes of Shiba Inu (SHIB) have also taken center stage.
The following takes an in-depth look at meme coins, what they are, how they differ from regular cryptocurrencies, which are the largest meme coins, and some of the most frequently asked questions about them.
So buckle up, and let’s dive in.
What is a Meme Coin?
First things first, a meme coin is a type of cryptocurrency - a subsection of the industry of sorts.
In essence, a meme coin is a cryptocurrency that originated from some sort of internet meme or has another humorous characteristic.
All meme coins are cryptocurrencies, but not all cryptocurrencies are meme coins.
The above rule of thumb is a good starting point, but it’s also very generalized. That said, as the name suggests, a meme coin has some sort of meme culture embedded into its overall design. Some teams are even incorporating memes into the technical design of their token. For example, they would make it so that the maximum supply is 420 billion tokens or 69 billion tokens - all based on the meme numbers 4:20 and 69, for example.
Some of the more popular examples include Dogecoin (...
|  | PEPE Whales Selling at Huge Losses as Meme Coins Continue Bleeding
PEPE coin whales have seen better days as the cryptocurrency loses another 9% in the past 24 hours. Some of the larger investors are calling it quits and are selling at a considerable loss.
Data from the popular on-chain analytics resource Lookonchain revealed that at least two whales are realizing considerable losses.
One of them is an address ending at 0x4614, which sold a total of 375.8 billion PEPE at a loss of $142,000 (worth some 76 ETH) today.
Another whale sold around 257 billion PEPE (worth $306K) at a loss of about $35,000.
Whales/SmartMoneys are selling $PEPE.
A whale deposited 649B $PEPE($761K) 1 hr ago.
0x4614 who made 1,182 $ETH($2.2M) on $PEPE sold 375.8B $PEPE($306K) at a loss of 76 $ETH($142K) 1 hr ago.
0x6544 who made $352K on $PEPE sold 257.9B $PEPE($306K) at a loss of $35K 4 hrs ago. pic.twitter.com/w8crgva6S0
— Lookonchain (@lookonchain) June 5, 2023
The broader market for meme coins continues bleeding out.
Data from CoinMarketCap shows that almost all of the larger meme coins are trading at considerable losses.
For the past seven days, DOGE is down 2.5%, SHIB - 4.2%, PEPE - 20%, FLOKI - 7.83%, BONE - 13.3%, ELON - 4.2%, and so forth.
The post PEPE Whales Selling at Huge Losses as Meme Coins Continue Bleeding appeared first on CryptoPotato.
|  | Meme Coin Pepe Sees Steep Decline in 30 Days, Losing 70% Since All-Time ...
According to statistics, the meme coin asset pepe (PEPE) still holds the third position in terms of the largest meme token market capitalization. However, PEPE has lost over 70% in value during the past 30 days.Pepe Value Slides 26% Lower Over the Past 2 Weeks
The meme coin pepe (PEPE) has experienced a significant decline in value recently after an initial surge when the token was launched. The token gained real-world value on April 18, 2023, and since then, Pepe has risen 2,192% against the U.S. dollar. However, over the past seven days, Pepe has dropped more than 13%, and according to 14-day statistics, it is down over 26%. Additionally, precisely 30 days ago on May 5, 2023, the meme coin reached its all-time high (ATH) at $0.00000431 per unit.
Since reaching its ATH, PEPE has lost over 70% of its USD value. In the past day, PEPE has slid 4.1% lower. Despite the decline, PEPE still holds the third-largest market cap among meme coins, currently at $530 million. At the time of writing, PEPE is ranked 84 out of the 10,085 crypto assets listed on coingecko.com. Over the past 24 hours, the meme coin, which features the likeness of Pepe the Frog, has experienced a worldwide trade volume of $57.25 million.
The top two leading meme coin crypto assets, dogecoin (DOGE) and shiba inu (SHIB), have performed significantly better than PEPE in the past week. While PEPE experienced a 13% loss during this period, DOGE has gained 0.3% against the U.S. dollar, and SHIB is down 1.3%. Current...
|  | 4 Meme Coins to Watch as PEPE Coin Mania Winds Down
Meme coins have had a long-lasting impact on the cryptocurrency market as they've been cemented into the crypto culture and become an inseparable part of the industry.
It all seemingly started with the pioneer Dogecoin (DOGE) back in 2013 when Jackson Palmer and Billy Marcus launched the protocol, giving birth to a subsection of crypto that would be amongst the most explosive ones.
PEPE coin seems to be the latest considerable iteration of the meme coin trend, and it also took the market by storm. The cryptocurrency went from virtually zero to obtaining close to a $2 billion market cap in less than a few weeks, printing numerous millionaires. But now, the mania seems to be winding down.
The meme coin is down 70% from its all-time high achieved 30 days ago, and has also lost some 26% in the past week alone.
Source: CoingeGecko
By all means, it appears that the euphoria that spread across the market like wildfire a few weeks back is now gone.
But this doesn't mean that meme coins are dead. Here are four meme coins to watch as the PEPE coin mania winds down.
Four Meme Coins to Watch
The following meme coins are amongst the largest by means of total market capitalization and have established liquidity across both centralized and decentralized exchanges.
Dogecoin (DOGE)
DOGE needs little introduction as it's the dominant king of the meme coin market. It's the largest meme coin by means of total market capitalization and the one with the most established market. It's traded across ...
|  | As the Meme Coin Craze Shows No Signs of Slowing Down, Here Are 3 Tokens...
The meme coin market has taken a hit in recent weeks, with most tokens suffering double-digit value drops.
Investors are now looking elsewhere for returns potential, given the current state of meme coin stalwarts like Dogecoin and Shiba Inu.
However, despite this red wave, several tokens are withstanding the tide and producing stellar results – providing a glimmer of hope for meme coin enthusiasts.
Waning Enthusiasm Hits the Meme Coin Market Hard
Data from CoinMarketCap reveals that total meme coin trading volume is down by 17% over the past day – highlighting the lack of excitement around these crypto assets.
Individual trading volumes are down across the board, with the main culprits being $DOGE, $SHIB, $PEPE, and $FLOKI. All four of these tokens have seen waning interest over the past week – with $DOGE being the only one providing signs of a reversal.
Meme coins seem to be following the market trajectory set by big players like Bitcoin and Ethereum. Both of these coins have posted losses in the past few days, dragging down their peers.
Moreover, the buzz around the meme coin niche has mostly faded with the dramatic fall of popular tokens like $PEPE and $WOJAK.
Investors in these coins have opted to cash in rather than wait for price to bounce back – leading to the dramatic value drops experienced in recent weeks.
Finally, there has also been an evident lack of innovation within the space since the breakthrough of Pepe in mid-April. Although many co...
|  | New Meme Coin Wall Street Memes Presale Hits $2M: Could it be The Next P...
Meme coins continue to reign supreme in the market, with tokens like Dogecoin and Shiba Inu demonstrating the incredible power of retail traders.
The latest to join this exciting market is Wall Street Memes (WSM) – a new community-driven token that has already amassed over $2 million through its presale.
Given its early success, Wall Street Memes is already being compared to the ultra-popular Pepe coin, which produced exponential returns for investors in mid-April.
Early Presale Success As WSM Takes Flight
Wall Street Memes' presale only kicked off on May 26, yet investors have been coming in their droves to snag some WSM tokens while they're being offered at a low price.
This presale is split into 30 stages, each with its own price point. By taking this approach, Wall Street Memes' team aims to reward those who show early faith in the project.
The response to the presale has been immense – with over $2.1 million in funding raised in only six days.
This means that Wall Street Memes is raking in an impressive $350,000 daily from presale investors.
The early success of the presale has also sparked rapid growth in the Wall Street Memes community, which is already over one million strong, thanks to the previous success of the Wall St Bulls NFT collection.
Wall Street Memes’ official Telegram channel has seen a massive influx of new members over the past few days, while the project’s Instagram page now boasts over 523,000 followers.
The exponential growth ...
|  | Fastest Growing Cryptocurrency Wall Street Memes Raises $1 Million in Vi...
As the meme coin mania continues to rage, 1000x meme tokens are seeing a strong surge in demand. With Dogecoin and Shiba Inu’s underwhelming performance, traders are looking for alternative tokens with the potential for explosive price growth.
The Wall Street Memes token is quickly becoming the next global meme coin phenomenon after raising $1 million in a record 2 days. Analysts are already backing WSM to mirror Pepe’s bull rally and generate heavy profits for investors. In this article, we look at the strengths of the WSM project and why so many traders are backing this token.
Wall Street Memes Hits $1 Million - Will It Outperform DOGE & PEPE?
Internet’s trendiest investing group Wall Street Memes recently announced their flagship meme coin, the Wall Street Memes token. Like every other initiative from the WSM group, the token is turning out to be a remarkable success. Launched on the 26th of May, the WSM token has already surpassed the $1 million milestone, selling out its second stage of the presale. It is currently priced at $0.0256 and is expected to surge as demand continues to skyrocket.
Wall Street Memes is quickly filling in the vacuum created by Dogecoin’s sluggishness, which is trading 90% down from its all-time high of $0.74. Investors are worried that the explosive Doge has maxed out its potential. While the global crypto market cap expanded by 2.5% in the last 24 hours, DOGE surged by a mere 0.8% over the same period.
The token’s ...
|  | We Asked ChatGPT What is The Future of Meme Coins Like DOGE, SHIB, and P...
Meme coins are undoubtedly already embedded in the crypto culture as they've left their mark on the industry. Dogecoin, Shiba Inu (SHIB), and most recently - PEPE Coin have all taken the field by storm and continue to perform.
The question is - what is their future? Will they remain a prominent part of the industry or will they eventually fall into oblivion?
We decided to poke the artificial brain of ChatGPT - the popular AI-based language model that's also causing ripples in the fintech industry.
ChatGPT on the Future of Meme Coins
The AI-based chatbot doesn't like giving financial advice, and neither do we. That said, please keep in mind that none of the following should be construed as such - it's solely for entertainment and educational purposes. After all, these are the thoughts of an AI.
'Speaking' of them, ChatGPT argued that:
Meme coins like DOGE, SHIB, and PEPE gained significant popularity and attention due to their association with Internet memes and viral content. These coins often rely on community-driven initiatives and social media engagement to attract users and investors. Their success is largely driven by factors such as brand recognition, celebrity endorsements, and online trends.
So far, it seems ChatGPT has it right. DOGE has Elon Musk behind it, Shiba Inu (SHIB) had the power of the trend, while PEPE Coin took the world by storm by riding the popularity of the meme Pepe the Frog.
ChatGPT argues that their future is based on multiple factors, and predict...
|  | Is the Dogecoin Price Dead? AiDoge Meme Coin Raises $12 Million, Ecoterr...
As the crypto market continues to exhibit high levels of volatility, the stagnant performance of Dogecoin ($DOGE) has left some investors wondering if the coin’s glory days are behind it.
The $DOGE price continues to be trapped below the $0.075 level – and hasn't shown any significant bullish momentum since mid-April.
Meanwhile, new market entrants AiDoge ($AI) and Ecoterra ($ECOTERRA) are attracting substantial attention and funding – suggesting they could be the next captivating prospects for investors to monitor.
Dogecoin Continues to Trade Sideways – Is a Price Drop Imminent?
Despite retaining its status as the world's largest meme coin, according to CoinMarketCap, Dogecoin hasn’t been immune to the bearish investor sentiment over the past month.
Following an impressive 18% price surge in mid-April, $DOGE has been on a sustained downtrend and now trades 23% lower than those highs.
At the time of writing, $DOGE is hovering around the $0.075 region, which acted as resistance over the past two weeks.
Adding to the concerns of Dogecoin holders is the current stagnant state of the token's price.
The days of substantial bullish or bearish swings on the daily timeframe seem to be a thing of the past, as they are now replaced by minor fluctuations – an indication of diminished trading volume.
This development might shock many in the crypto community, given that CoinGecko reports that 80% of users still 'feel good' about Dogecoin's prospects.
D...
|  | 5 Best Meme Coins to Watch Today – Copium, AiDoge, LHINU & Other T...
It’s been a turbulent few weeks in the meme coin market, with coins like Pepe, Wojak, and MIlady seeing huge price pumps before crashing, with most of these and similar tokens currently on a downturn.
However, meme coin season certainly isn’t over, with other tokens still showing strong growth. Here are 5 of the most promising meme coins to watch right now.
Copium (COPIUM)
COPIUM is a brand new straight-to-DEX meme coin that has just launched on Uniswap and has already seen huge interest in the community.
The token has attracted more than $40 million in trading volume in less than 24 hours since it was made available and is currently 400% up over its launch price, as shown on Dextools.
COPIUM has also seen major players and whales from Web3 declare their interest in the project. FaZe Banks, a popular YouTuber and one of the founders of FaZe Clan, told his 3 million Instagram follwers that having sold his initial stake, he is now all in on the project.
Copium has also drawn interest because of its robust tokenomics, hyped invite-only presale, and NFT drop - as well as its fair launch that allowed those who missed the presale to avoid being dumped on.
Presale investors only had 10% of their tokens immediately released to them, with the remaining 90% released linearly over the next three weeks. The presale sold 30% of the small 1 billion supply, and the developers only kept a meme-worthy 0.69% for themselves - avoiding any talk of a rug pull.
The NFT collection has ...
|  | PEPE Coin Price Madness: How to Find the Next Meme Surprise?
Pepe (PEPE) price correlated with Bitcoin (BTC) over the seven-day chart. While the froggy new ERC-20 token powered by the Ethereum blockchain fell in price on the days BTC did, it rallied along with BTC on Friday into the weekend.
Bitcoin's price dive over the last week was a two-month low. Moreover, it was the leading cryptocurrency's worst week of the year.
Feels good, man
As CoinMarketCap notes, the Pepe coin launched in 2023 is distinct from Pepe Cash (PEPECASH):
'Pepe is not to be confused with Pepe Cash, another meme coin that was launched in 2016 and is used to buy and sell rare Pepe artworks on the Counterparty platform.'
Pepe coin (PEPE) did not exist before April 16, 2023. Its anonymous creators launched the deflationary supply, fungible token meme coin without a presale or marketing muscle.
Meanwhile, the new blockchain tadpole swelled into a billion-dollar bullfrog in a matter of days. Furthermore, in 20 days, the PEPE coin price hopped so high that the total market cap topped $1.6 billion.
After retracing back from its flash-in-the-pan launch rally, Pepe remains capitalized in an amount in excess of $700 million.
That's an impressively fast market capitalization.
A Mighty Croak: PEPE Coin Economics at a Glance
Pepe coin is more than a smart logo and name referencing a legendary Internet meme. The meme coin's Ethereum smart contract has some clever economics built in.
The supply of PEPE is deflationary, with a limit above 420 trillion tokens. It also has a burn m...
|  | New Memecoin LOVESNOOPY Aims to Steal PEPE's Crown and Become Meme King
[PRESS RELEASE - Seattle, USA, May 11th, 2023]
A new memecoin has emerged with more than 70 years of history behind it and the goal of unseating current meme king PEPE. $LOVESNOOPY is a meme token with a Snoopy theme backed by the love of fans and armed with formidable meme power. With a fandom that has grown over generations, the anticipated impact of $LOVESNOOPY is high.
$LOVESNOOPY is the latest in a long line of dogcoins including Dogecoin (DOGE), Shiba Inu (SHIB), FLOKI (FLOKI), and Baby Doge Coin (BabyDoge). The Snoopy-themed token arrives on the market at a time when interest in memecoins is at a two-year high. The trading volume of meme coins reached $2.3 billion last week, the highest since May 2021
The official website of $LOVESNOOPY supports all languages in the world including English, Arabic, Chinese, Japanese, French, German, and Vietnamese, showcasing its global ambitions. $LOVESNOOPY has made a powerful entrance onto the scene by trading on Uniswap and announcing listings on five centralized exchanges (CEXs). Its rapid rise has prompted speculation that it could quickly ascend to become a blue-chip player in the world of memecoins.
Since its debut, $LOVESNOOPY has captured the attention of cryptocurrency investors, rapidly gaining a foothold in the market. Observers will be watching closely to see whether it can surpass Pepe token and Dogecoin and claim its position as the 'Meme King' amidst the flood of contenders.
About LOVESNOOPY
The main utility of $LOVES...
|  | Yesports Announces 14-day Staking Extravaganza for Pepe Meme Token Holde...
[PRESS RELEASE - New York, United States, May 10th, 2023]
Yesports, the leading esports to web3 gaming platform, is thrilled to announce a special staking event for holders of the Pepe meme token. This 14-day extravaganza offers Pepe token holders the chance to stake and earn YESP rewards.
Beginning 11th of May, Pepe holders can stake their tokens and receive a share of 3m YESP, which will be distributed over 14 days. As part of the special offer event, Pepe holders can also participate in Yesports’ popular NFT prize games, which enable gamers and collectors to explore web3 games and provide engaging new ways to win exclusive NFTs.
Building strong communities is a central focus for businesses in both traditional gaming and web3. Given the speed at which blockchain technology advances and its ability to support the rapid growth of ardent communities, Yesports aims to expand its platform offerings further through this timely new event, activating utility for Pepe meme token holders.
Meme tokens serve to keep communities and audiences engaged through shared values, which are often represented by and translated through comical designs and themes. To date, the industry has seen very few meaningful examples of utility for meme tokens. The most notable can be backtracked to 2014 when Dogecoin holders sponsored NASCAR driver Josh Wise. For Yesports, this special event speaks to the sentiment of its web3 gaming community and its extended industry partners who share in the same v...
|  | Meme Token PEPE's Market Cap Plunges Below $1 Billion Mark Amidst Market...
The recently launched meme token, inspired by Pepe the Frog and dubbed PEPE, experienced a 12% decline against the U.S. dollar on Tuesday, plummeting its market valuation beneath the $1 billion threshold to a present $790 million. Concurrently, the total meme coin sector faced a 7% loss against the dollar, with the top six prominent meme tokens enduring losses within 24 hours.PEPE‘s Meteoric Rise Hits a Roadblock with 12% Decline
Numerous investors reaped significant rewards from the surging PEPE meme token market; however, its worth has diminished from its all-time high (ATH). Just four days prior, on May 5, PEPE reached a pinnacle price of $0.00000431 per unit, but has since plunged over 50% from that position. Presently, its market valuation rests below $1 billion at $790 million, whereas on May 5, it ascended to an ATH of $1.8 billion.
Despite the devaluation, PEPE has still managed to soar by 3,456% since its all-time low on April 18, set only 22 days earlier at $0.000000055142 per unit. Additionally, the meme coin has gained over 500% in the past two weeks when compared to the U.S. dollar. Yet since May 5, gains have eluded PEPE's grasp. Nevertheless, PEPE boasts $804 million in global trade volume within a day—ranking eighth among total crypto trade volumes.
Shifts have also occurred in PEPE's rich list as larger whales aggregate the meme coin’s supply. Currently, there are 106,430 PEPE holders, with the top ten wallets grasping 34.07% of all existin...
|  | Study Reveals Top Countries Fueling Meme Coin Interest in 2023
In 2023, meme coins have maintained their popularity, and the recent surge of PEPE demonstrates that investors remain enthusiastic about meme-centered tokens. A fresh study from Coingecko reveals that a significant portion of meme coin fascination originates from the United States, India, and the U.K., encompassing over half of the top ten countries' interest driving the meme coin phenomenon. Report Unveils Global Meme Coin Fever
On May 3, 2023, crypto market aggregator coingecko.com unveiled a report detailing the leading ten countries propelling the meme token trend. As of this writing, the meme coin economy boasts a value of $18.25 billion, with dogecoin (DOGE), shiba inu (SHIB), and pepe (PEPE) as the top three meme coins. This week, PEPE has emerged as the frontrunner in terms of seven-day gains, skyrocketing 216% against the U.S. dollar.
The Coingecko analysis establishes that the U.S. spearheads the meme coin movement accounting for 23.6% of interest in 2023. Researcher Lim Yu Qian explains that two million views stem from top meme coin pages in the United States. In America, shiba inu (SHIB) is the most sought-after meme coin, followed by pepe (PEPE), bonk (BONK), and volt inu (VOLT).
India holds second place in contributing to the meme coin frenzy with 20.3% of interest. SHIB also earns its position as India's most popular meme token followed by baby doge coin (BABYDOGE). In the Philippines, floki inu (FLOKI) tops their list of preferred tokens while Nigeria's favor...
|  | Meme Coin PEPE's Market Cap Surpasses $1B with 896% Surge Over the Past ...
As per the latest statistics recorded before the weekend, the meme token PEPE has witnessed a massive surge in value, following its recent listing on the crypto exchange Binance. In just seven days, the crypto asset has skyrocketed by 896% against the U.S. dollar, making it the third-largest meme token in terms of market valuation. Amid the price spike, PEPE's market cap now exceeds the $1 billion mark. Green Frog Crypto Asset PEPE Makes Waves in Meme Economy Dominated by Dogs
Dogecoin (DOGE) and shiba inu (SHIB) have a new challenger in the meme token arena, as Pepe the Frog meme coin, pepe (PEPE), has emerged as a formidable competitor. With an impressive surge of 896% over the past week, PEPE has now become the third-largest meme token, trailing only DOGE and SHIB. In the last 24 hours alone, the token has seen a remarkable increase of over 79%. Bitcoin.com News had previously reported on PEPE's initial rise when it was launched on April 14, 2023.
PEPE has come a long way since its all-time low of $0.00000005514 per unit on April 18, recording a spike of 5,102%. Currently, the meme token is being traded at prices ranging from $0.00000152 to $0.00000302 over the last 24 hours. With a circulating supply of 420 trillion PEPE, the token has amassed a global 24-hour trade volume of $818 million. On Friday, PEPE ranked sixth in terms of trade volume, trailing only tether, bitcoin, ethereum, usd coin, and binance usd.
PEPE has been making waves on various exchanges, including B...
|  | Meme Coin PEPE Surges by 152% This Week, Now the Fifth-Largest Meme Toke...
Pepe (PEPE), the meme coin featuring the popular character Pepe the Frog, has experienced a significant surge in value in the past week, rising by 152.9% against the U.S. dollar. Recent statistics indicate that PEPE's market capitalization has surged from $141 million on April 22 to a current valuation of $303 million.PEPE Jumps 99% in 24 Hours, Now Fifth-Largest Meme Token by Market Cap
On April 30, 2023, the top meme coin crypto assets by market capitalization are worth $19.11 billion. Over the past 24 hours, the valuation of all meme tokens has risen 1.6%. However, only two out of the top five meme coins by market capitalization have seen gains. The newly launched cryptocurrency, pepe (PEPE), is leading the pack with triple-digit gains. Data collected from coingecko.com shows that over the last seven days, PEPE has risen 152.9%, with most of the gains coming from the last 24 hours as the token jumped 99% higher on Sunday.
PEPEUSDT chart by TradingView
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Bitcoin.com News reported on PEPE and several other meme coin assets eight days ago. At that time, PEPE was the sixth-largest meme token asset by overall valuation. Today, PEPE is the fifth-largest, and the market capitalization recorded ...
|  | Ex-CFO Sentenced 3 Years in Prison for Stealing from SPACs to Trade Meme...
The United States Department of Justice notified that the former chief financial officer of a special purpose acquisition company (SPAC) was sentenced to three years in prison after embezzling $5 million.
The exec used to trade cryptocurrencies and 'meme stocks' with the stolen funds.
According to the official press release, US District Judge Paul A. Engelmayer imposed a sentence of 36 months in prison for the former chief financial officer of African Gold Acquisition Corporation (AGAC), Cooper Morgenthau, who embezzled over $5 million from three different SPACs: AGAC, Strategic Metals Acquisition Corporation I (SMAC I), and Strategic Metals Acquisition Corporation II between June 2021 and August 2022.
The funds were then used to trade equities and options of 'meme stocks' and cryptocurrencies.
Morgenthau lost almost all of the money that he stole. The former exec forged bank statements to conceal and facilitate his embezzlement from AGAC, which he provided to the company's accountant and auditor.
The authorities said his actions led to 'material misstatements' in AGAC’s public filings with the Securities and Exchange Commission (SEC).
The 36-year-old Florida resident raised another $4.7 million from private investors in a SPAC separate from African Gold.
He fraudulently claimed that the money would be used to launch yet another SPAC. The new capital injunction was then used to cover his losses at African Gold as well as to continue his crypto and meme-stocks trading.
...
|  | Pepe Token Surges 77% in 24 Hours, Leading the Top 10 Meme Coins' Market...
In the aftermath of a downturn in the wider crypto market, the top crypto assets bitcoin and ethereum have each risen modestly, between 1.2% to 1.6%, over the past 24 hours. However, the meme token pepe (PEPE) has surged 77% against the U.S. dollar, and its market capitalization has swelled to $141 million, just $24 million shy of its all-time high valuation. Other top meme coin assets, including dogecoin and shibu inu, have risen by 1.2% to 1.4% today, while baby doge coin has experienced a 10% increase in value over the past day.While the Meme Coin Market Is Down, Pepe and Babypepe Tokens Jump in Value
The meme coin market has declined 3.1% against the U.S. dollar over the past 24 hours and currently stands at $18.9 billion. On Saturday, eight of the top ten meme coins saw daily gains, with the new crypto asset pepe (PEPE) leading the way. PEPE has risen 77% in the last day and is now 513.15% higher than the meme coin's all-time low of $0.000000055142 per unit, which was recorded on April 18.
Although the new PEPE coin has risen 77% today, it remains down more than 15% from its all-time high, which was recorded on April 20. On that day, a single PEPE coin was exchanged for $0.000000399788, and the token's market capitalization exceeded $165 million. Currently, at $0.000000336030 per unit, the meme coin's market valuation is $141 million today. Interestingly, despite being hosted on centralized crypto exchanges, Uniswap v2 is currently the most active exchange for PEPE trade...
|  | Shib Original Vision ($SOV): Riding the Wave of Meme Coins Success
PRESS RELEASE. In recent years, meme coins have gained significant traction due to various social media trends and hype. This is because these coins are often associated with fun and accessible ways to invest in cryptocurrency. Moreover, they are easy to understand and trade, making them attractive to new investors, particularly millenials and Gen Z, who are attracted to the humour and online culture associated with meme coins.
One of the most popular meme tokens today is Shiba Inu ($SHIB). Several factors contribute to the token's popularity, including the efforts of a passionate community referred to as the Shib Army. With the help of social media campaigns, memes, and other forms of online activism, this decentralised group of SHIB enthusiasts has promoted the coin and increased its value. At press time, $SHIB has a total market capitalization of $6.4 billion, making it one of the most valuable cryptocurrencies on the market.
$SOV's strong debut
Karma DAO introduced Shib Original Vision ($SOV) to break down Shiba Inu's current structure and return to a community-centric strategy. The Inu Economic Forum, with more than 50 members, makes decisions about $SOV rather than relying on a single individual like Ryoshi. Additionally, to ensure the project's long-term viability and efficacy, its developers have gotten the platform's smart contract framework audited by popular blockchain security providers MetaTrust and Veridise Inc.
The numbers don't lie: Shib Original Vision gains ...
|  | New 'Pepe the Frog' Crypto Token Becomes Sixth Largest Meme Coin by Mark...
A new token named after Pepe the Frog, the infamous meme, and cartoon character created by Matt Furie, has entered the meme coin economy. The token is called Pepe (PEPE), and at the time of writing, it has become the sixth-largest meme coin asset in terms of market capitalization, valued at just over $130 million. However, amidst the fast rise, both the website coinmarketcap.com and the Web3 security startup Gopluslabs have warned that the contract owner may have the ability to modify the transaction tax and blacklist function.PEPE Market Booms Despite Warnings of Contract Modification
Doge and the other dog friends in the meme economy have a new companion, but this time, the newcomer is a frog, specifically Matt Furie's Pepe the Frog. The coin pepe (PEPE) has not been around for long, appearing on the scene on April 18, 2023. According to current statistics, PEPE is up more than 400% from the coin's all-time low on the day it started trading. Two days later, on April 20, PEPE's market valuation reached a high of $165 million. The number of pepe tokens in circulation is 420.69 trillion, and at the time of writing, there are 29,756 PEPE holders.
So far, the crypto asset has recorded 122,368 transfers. Out of the 29,756 PEPE owners, the top ten wallets command 17.25% of the entire supply. Additionally, according to PEPE's rich list statistics, the top 100 PEPE holders own 44.51% of the entire token supply. On coingecko.com, PEPE is ranked #245 out of 10,755 crypto assets, and ...
|  | New Meme Coin DigiToads (TOADS) Token to List on BitMart Exchange
[PRESS RELEASE - Mahe, Seychelles, April 15th, 2023]
The crypto market has been red hot recently. Bitcoin (BTC) ripped past $30,000, Ethereum (ETH) staking withdrawals will go live, breaking the $2,000 price point whilst Bitcoin (BTC) dominance dropped while its price climbs means it might be the beginning of an altcoin season.
A new powerhouse DeFi project, DigiToads, has confirmed it will list on BitMart exchange soon. The DigiToads presale has already raised more than $1.35M, and the lack of vesting enables holders to trade TOADS at the earliest available opportunity.
The DigiToads (TOADS) Cycle
The DigiToads presale, a new ICO, has already raised more than $1,350,000 in the earlier tranches of its presale. The project aims to be a top ICO, building on the successful presale raise which provided substantial discounts for early investors.
As soon as DigiToads launches, presale participants will be fully liquid and free to trade on the open market with no vesting.
The BitMart Listing
BitMart has confirmed it will be listing DigiToads to provide more liquidity and a broader audience. In addition, investors could monitor the progression through the presale, of which the TOADS token will increase incrementally in later stages until it reaches a price of $0.055 per token in the last tranche of the presale.
What is DigiToads (TOADS)?
DigiToads blends NFT technology with a Play-2-Earn gaming model, allowing users to own their unique Toads and utilize their NFTs to earn money makin...
|  | Dogecoin Explodes 25% After Elon Musk Changes Twitter Icon to Doge Meme
Twitter’s main logo abruptly changed on Monday into a picture of the infamous “Doge” meme – a Dogecoin (DOGE) predictably pumped as a result.
The cryptocurrency is up 25% in the past hour, now trading for $0.1.
Elon Pumps Doge (Again)
When logging into Twitter, the bluebird that once appeared on Twitter’s loading page has now been replaced by an icon of Doge. Meanwhile, the similar icon used to return to one’s homepage Twitter feed in the upper left corner of the desktop browser has also been replaced by the notorious dog meme.
The login page is different too, with a massive picture of Doge now covering the blue bird that used to appear when creating an account.
Dogecoin traded for just $0.076 at 13:05 UST on Monday, before skyrocketing after Twitter’s sudden change. On Monday, Musk simply followed the change to Twitter’s logo by publishing a meme:
pic.twitter.com/wmN5WxUhfQ
— Elon Musk (@elonmusk) April 3, 2023
Elon Musk, who became CEO of Twitter last year, is a longtime Dogecoin fan, and was primarily responsible for briefly bringing the asset into crypto’s top 3 coins in 2021 through a series of bullish tweets.
The billionaire has since exhibited a strong ability to affect Dogecoin’s price, briefly pumping the coin whenever he gives it his occasional good word. For example, the meme coin soared 15% in May of last year after he confirmed that SpaceX would soon start accepting DOGE f...
|  | Meme Coin Economy Swells by $5.8 Billion in Less Than a Month, Suggestin...
The meme coin economy has grown significantly over the past 27 days, increasing 34.52% against the U.S. dollar. The largest meme coin by market capitalization, dogecoin, has risen 29.5% in the past month, while the second-largest meme coin, shiba inu, has jumped 71.9% in 30 days. Since Jan. 9, 2023, the overall value of the meme token economy has increased by $5.8 billion.Dogecoin and Shiba Inu Dominate Meme Coin Market With 94% Market Share
The top meme coins by market capitalization have gained in value against the U.S. dollar this past month. According to statistics recorded on Jan. 9, 2023, via archive.org, the meme coin economy was valued at $16.8 billion 27 days ago. As of 9 a.m. ET on Feb. 5, 2023, the meme coin economy is currently valued at $22.6 billion, a 5.4% increase over the previous day.
Over the past 27 days, meme tokens have added $5.8 billion in value and gained more than 34% against the greenback. This week's largest gainers among meme tokens include pomeranian eth (POM), up 117.2%, baby doge coin (BABYDOGE), up 113.9%, and polydoge (POLYDOGE), up 86.7%. The two leading meme coins in terms of market valuation, dogecoin (DOGE) and shiba inu (SHIB), have increased 5.3% to 22.1%, with SHIB seeing the larger gains.
Dogecoin (DOGE) and shiba inu (SHIB) make up $21.32 billion, or 94.34%, of the total $22.6 billion in the meme coin economy. Dogecoin has risen 29.4% this month, while shiba inu has increased 71.9% against the greenback. The majority of the meme co...
|  | Biggest Movers: DOGE Hits 8-Week High as Meme Coins Rally on Tuesday
Dogecoin climbed to an eight-week high on Jan. 31, as prices broke out of a key resistance level on Tuesday. The meme coin surged ahead following the release of the latest consumer confidence report in the United States. Shiba inu also moved higher, rebounding from losses to start the week.Dogecoin (DOGE)
Dogecoin (DOGE) raced higher on Tuesday, as the meme coin broke out of a key resistance level.
Following a low of $0.08578 to start the week, DOGE/USD rose to an intraday high of $0.095 earlier today.
As a result of the surge, dogecoin rose to its strongest point since December 11, when prices were at a high of $0.0972.
Since the move, earlier gains have somewhat eased, as the 14-day relative strength index (RSI) collided with a ceiling of its own.
As of writing, the index is tracking at 65.03, which is marginally above a resistance level at 65.00.
Providing bulls are able to maintain current momentum, their next target will likely be $0.099.
Shiba Inu (SHIB)
Another notable mover was shiba inu (SHIB), which rebounded following losses to start the week.
SHIB/USD rose to a high of $0.00001195 in today’s session, which comes a day after the token was at a low of $0.00001134.
Tuesday’s surge saw SHIB climb back above a key support level of $0.00001165, and came as the RSI also rebounded.
As of writing, the index is currently tracking at 62.57, which is marginally above a floor at 60.00.
Should momentum continue to move higher, the next target for shiba inu bulls ...
|  | Biggest Movers: Meme Coins Move Lower, With SHIB Declining by 10%
Meme coins moved lower on Jan. 19, as cryptocurrency markets plunged following recent highs. Shiba inu, which rose to a nine-week high on Wednesday, fell by nearly 10% today. Markets have been largely overbought in the past few days, with bears seemingly reentering. Dogecoin was also in the red today.Shiba Inu (SHIB)
Shiba inu (SHIB), which was one of Wednesday’s biggest gainers, climbing by as much as 17%, fell by over 10% today.
Following a high of $0.00001295 in yesterday’s session, SHIB/USD dropped to an intraday low of $0.00001097 earlier today.
Thursday’s drop came as the meme coin was unable to cross a long-term resistance level at $0.00001300.
Despite the relatively large drop in price, the 14-day relative strength index (RSI) is still deeply overbought.
As of writing, the index is tracking at a level of 80.22, which is close to a ceiling at the 82.00 mark.
SHIB has somewhat rebounded from earlier declines, and is currently trading at $0.00001114.
Dogecoin (DOGE)
Like Shiba inu, Dogecoin (DOGE) also declined on Thursday, with prices falling for a fifth straight day.
Since rising to a one-month high on Saturday, the meme coin has moved lower in consecutive sessions.
Today’s low saw DOGE/USD slip to a bottom of $0.08013, which is nearly 8% lower than Wednesday’s peak.
Looking at the chart, the drop saw DOGE near a key support point at $0.08000, with bulls so far resisting a breakout.
Recent decline has pushed price strength significantly...
|  | BONK Meme Coin Sees Wild Price Fluctuations and Massive Holder Concentra...
After the all-time cryptocurrency price highs in 2021, suffering through the Luna implosion of 2022 and watching countless crypto businesses go belly up, we've got a new entrant to the meme coin scene that launched on the Solana network. The crypto asset bonk inu (BONK) has a circulating token supply of around 41.5 trillion and it has managed to gather a market capitalization of around $63 million.BONK Sees Market Cap Soar to $204 Million Before Plummeting to $63 Million in 24 Hours
The cryptocurrency community has been discussing a new meme token called bonk inu (BONK), a dogecoin (DOGE) and shiba inu (SHIB) wannabe that is now the sixth-largest meme coin asset today. According to the BONK development team and its 'one pager,' Bonk is 'the first Solana dog coin for the people, by the people with 50% of the total supply airdropped to the Solana community.'
The airdrop boosted the price of solana (SOL) in recent times after the project has been dealing with negativity stemming from its former relationships with Sam Bankman-Fried, Alameda Research, and FTX. 'The Bonk contributors were tired of toxic 'Alameda' tokenomics and wanted to make a fun memecoin where everyone gets a fair shot,' Bonk's one pager further explains.
The 50% of BONK distribution was split into fractions and 20% went to Solana-based non-fungible token (NFT) collectors. 15% was distributed to early openbook traders, 10% to Solana artists and collectors, and 5% to Solana developers. BONK started to see real-w...
|  | Former CFO Pleads Guilty: Funds Used To Trade Crypto & Meme Stocks
With the prolonged bear market in crypto ongoing, one will think most people should be losing money. While that is true, another thing also true is the increase in crimes in the bear market. On today’s news, the ex-chief financial officer has pleaded guilty in court for embezzling more than $5 million from multiple special purpose acquisition companies (SPACs) to trade meme stocks and cryptocurrencies.
Going by the name Cooper Morgenthau, the former chief financial officer on Tuesday pleaded guilty to wire fraud charges in the U.S. District Judge Paul Engelmayer in Manhattan federal court
Former Finance Exec Allegedly Committed Crimes
According to Authorities, Morgenthau had embezzled over $1.2 million between June 2021 and August 2022 from African Gold Acquisition Corp, a blank check company, and underhanded the crime by forging its account statements, and spent or lost all of it in crypto and meme stock trading.
Subsequent to that, the SEC said Morgenthau raised a total of $4.7 million from investors in SPACs, aliased as Strategic Metals Acquisition Corp, to cover his losses but lost most of the funds in trading crypto. At his scheduled April 25 sentencing, Morgenthau is said to face a likely jail sentence of about 6 to 7-1/4 years under recommended federal guidelines.
Ex-CFO Settled For An Agreement
Morgenthau settled for an agreement to forfeit $5.11 million and pay an equal amount in restitution, as well as settle related civil charges by the U.S. Secu...
|  | Meme Coin Economy Heals After the FTX Fiasco Swelling by $1.4 Billion in...
The meme coin economy has seen its value increase 7.77% against the U.S. dollar during the last month, as the meme token market leader dogecoin jumped 29.4% higher in 30 days. Dogecoin has also managed to move from the ninth-largest market cap position to the eighth-largest crypto market valuation this past month. Shiba inu, on the other hand, dropped from the thirteenth largest market cap to the fourteenth spot.Meme Tokens Gained Over 7% Against the Greenback Over the Past Month
Amid the craziness with FTX and before the bankruptcy filing, meme coins took a hit when the crypto economy experienced significant fluctuations in value. On Nov. 9, two days before FTX filed for Chapter 11 bankruptcy protection, the meme token economy was valued at $18 billion.
Dogecoin (DOGE) suffered a big loss that day dropping 16.5% against the U.S. dollar, according to an archive.org snapshot of coingecko.com stats on Nov. 9, 2022. The second largest meme coin in terms of market capitalization size, shiba inu (SHIB), shed 10.8% in value that day.
The third-largest meme token (at the time), baby doge coin (BABYDOGE), lost 14.2% in value 30 days ago on Nov. 9. The meme coin economy has healed in recent times, as the entire lot of meme token assets listed on coingecko.com is approximately $19.4 billion on Dec. 9, 2022.
This means that the meme coin economy swelled by $1.4 billion during the past 30 days or recorded an increase of 7.77% against the U.S. dollar. DOGE had a good month against the g...
|  | Biggest Movers: DOGE Surges Following Elon Musk Comments on the Meme Coi...
Dogecoin was one of the only crypto tokens to trade higher on Saturday, as comments from Elon Musk boosted prices. Speaking in a Twitter Spaces centered around the FTX collapse, Musk was heard saying: “Doge to the moon.' Solana on the other hand extended its declines, falling by over 15%. Dogecoin (DOGE)
Dogecoin (DOGE) was one of today’s only gainers, as the token was boosted by comments from Tesla and Twitter CEO Elon Musk.
Following a low of $0.0793 on Friday, DOGE/USD rose to a peak of $0.09399 earlier in today’s session.
This surge saw the token climb by as much as 6%, breaking out of a key resistance level of $0.08900 in the process.
Speaking in a Twitter Spaces conversation hosted by Mario Nawfal, Musk added, “I think so, don’t bet the farm on DOGE, but I'm working hard on the DOGE.'
As can be seen from the chart, today’s spike has helped push the relative strength index (RSI) of 14 days above a key ceiling of 49.30.
Currently, the index is tracking at 50.87, with the next visible point of resistance at the 53.00 mark.
Solana (SOL)
Solana (SOL) on the other hand was trading significantly lower, as prices of the token dropped for a second straight session.
After climbing to a high of $18.68 earlier in Friday’s session, SOL/USD sank to a bottom of $14.92 to start the weekend.
Overall, solana is now trading by nearly 60% lower in the past seven days, with some expecting further upcoming declines.
Looking at the chart, the downw...
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