Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$96,200.00
1.18%$1,794.31
0.35%$2.11
-1.22%$599.91
-0.27%$145.95
0.73%$0.999985
-0.00%$0.17051
0.89%$0.660218
-0.56%$0.247615
0.88%$1,792.89
0.36%$96,177.00
1.16%$3.25
0.08%$13.56
-0.28%$19.19
-3.25%$8.69
-0.27%$0.258276
0.20%$0.999987
0.01%$2,158.59
0.58%$0.00001267
0.56%$2.99
-1.30%$0.174034
-0.43%$356.34
-1.43%$20.92
1.16%$87.53
3.83%$3.90
-1.27%$1.003
0.23%$280.79
-1.64%$1,794.33
0.28%$4.22
-1.03%$1.001
0.11%$96,230.00
1.18%$28.56
1.05%$0.579144
0.14%$1,918.46
0.59%$0.00000818
3.54%$359.33
-2.18%$50.62
-0.20%$4.72
-0.36%$1.00
0.00%$4.79
-2.22%$1.051
0.02%$2.24
-3.03%$0.855928
0.30%$0.090516
4.25%$21.03
-0.45%$168.63
-2.42%$15.94
0.19%$4.52
-1.74%$0.707571
-0.32%$29.74
0.24%$0.090467
-0.95%$10.76
-1.01%$4.11
-3.39%$1.002
0.16%$0.02441518
-0.46%$1.17
-0.00%$96,134.00
1.34%$0.21624
0.97%$4.33
0.79%$4.12
1.36%$0.663576
0.07%$2.55
-0.89%$0.195871
-0.31%$0.501331
-0.51%$0.997861
0.01%$0.264123
-0.24%$4.09
0.46%$2.39
0.18%$0.302184
-0.90%$10.74
-0.19%$96,125.00
1.23%$0.848709
10.66%$88.74
3.75%$0.00001647
-1.16%$0.916887
2.20%$0.01913402
2.82%$1.23
-0.63%$1,468.98
-0.46%$0.417952
0.21%$153.18
0.73%$0.778044
13.39%$0.072252
1.55%$1,797.01
0.40%$1,876.39
0.77%$1.001
0.11%$3.77
6.51%$0.197344
0.50%$0.596728
-2.35%$0.962348
-10.69%$0.526178
-0.24%$9.33
0.94%$1.002
0.20%$0.654875
-0.07%$1.34
-9.22%$0.999788
-0.02%$0.089376
0.89%$2,039.71
0.69%$3,375.92
-1.32%$14.38
-5.00%$3,380.13
-1.27%$1.00
0.02%$0.205141
4.97%$600.43
-0.19%$96,147.00
1.23%$188.13
0.58%$161.28
0.56%$95,969.00
2.37%$0.01527862
2.04%$95,508.00
0.30%$0.00007489
-0.37%$35.81
-0.18%$0.704672
-2.39%$0.705839
2.28%$2.40
1.59%$0.0000007
0.52%$0.76164
-0.19%$1,909.69
0.13%$3.72
0.55%$0.01067653
-4.15%$0.534285
-2.90%$0.01496001
0.11%$0.268943
0.33%$0.998025
-0.05%$2.01
1.40%$0.108203
-0.46%$39.41
8.56%$0.998822
0.00%$1.10
0.80%$17.47
1.12%$0.364068
-0.58%$1,881.77
0.57%$0.01660469
4.34%$0.531297
1.06%$0.291718
1.38%$0.544239
0.08%$1.60
1.49%$0.051678
3.94%$3.15
-0.29%$0.997963
-0.07%$110.95
0.01%$95,919.00
-0.00%$0.602025
3.27%$96,277.00
1.43%$1,879.13
0.53%$1.00
0.04%$0.132818
-0.61%$0.00517864
-3.82%$0.065703
-2.87%$0.999991
0.01%$0.00815604
-1.02%$0.429602
-2.56%$95,932.00
1.04%$0.483076
-3.19%$0.377505
-4.03%$6.74
0.22%$0.170581
0.92%$94,005.00
1.32%$1.23
0.52%$0.553684
-0.20%$15.13
0.19%$0.421954
8.35%$1,793.48
0.23%$0.00000042
0.61%$0.00002075
0.39%$1.085
-0.00%$0.999438
-0.02%$1.47
-1.98%$1.61
8.49%$0.158345
-8.51%$0.151091
-1.25%$0.126956
-1.62%$0.157484
-6.31%$5.55
4.82%$1,908.15
0.13%$0.480132
0.44%$1,792.59
0.21%$0.00715731
1.31%$1,872.40
3.90%$2.31
0.66%$1,796.85
0.43%$1,791.29
0.33%$0.03851059
-0.31%$0.0052888
-3.96%$0.071632
-0.66%$1.001
-0.03%$0.216223
0.73%$32.10
0.47%$0.076862
0.88%$21.38
-0.62%$0.362003
-8.81%$2.88
0.60%$38.18
0.40%$0.01773283
1.68%$0.360317
5.98%$0.170095
0.61%$0.03410468
-0.24%$0.00397251
-0.39%$1.24
-6.85%$1.52
-10.67%$0.999757
-0.10%$0.760457
0.16%$0.999196
-0.09%$0.00005816
-0.24%$1.00
0.06%$1.00
0.02%$1.29
39.55%$0.487039
0.29%$96,123.00
1.14%$0.00000075
21.51%$0.660737
1.43%$20.83
0.28%$0.00000145
-2.80%$0.292058
-2.62%$0.640308
-0.68%$1,783.84
-0.18%$95,931.00
1.47%$3,370.70
-0.54%$1.00
0.05%$107.97
0.37%$0.249325
-1.71%$0.00273688
4.17%$2.40
-0.74%$0.216073
-0.71%$0.03132457
5.50%$1.099
0.13%$19.18
-3.40%$0.451396
-2.88%$21.27
1.37%$1,906.49
1.07%$0.186228
-0.13%$0.514344
0.33%$0.124097
-5.39%$2.68
-3.92%$0.251323
1.04%$1,933.44
1.24%$3.03
0.15%$1.53
2.38%$1,972.75
0.58%$0.999872
0.04%$95,748.00
1.06%$0.03477988
-0.09%$14.45
0.47%$1,956.98
0.42%$0.999075
-1.82%$1.13
-0.46%$0.00263605
3.08%$0.01188231
0.97%$1,793.83
0.30%Reading
Despite Bitcoin's rise yesterday and today, the crypto meme coin pump has subsided as the meme stock craze surrounding GameStop and Roaring Kitty cools off—and major tokens have plunged as a result.
The GameStop-themed tribute cryptocurrency, GME, has crashed the hardest today: the Solana-based token is down over 44% and is trading for $0.006433, according to CoinGecko.
Over the week, it's still up by over 1,240%—but today's drop shows that traders are selling as meme stock mania slows down.
Of the large-cap coins and tokens, Ethereum-based Pepe has shed close to 4% of its value at a current price just below $0.00001. The token—which launched last year—was another meme coin that had been on a run this week. Ethereum-based Floki has also dipped today, dropping by 5% to a price around $0.0002.
Meanwhile, Dogwifhat, which runs on the Solana network, has nearly lost 4% of its value, with CoinGecko data showing that the token is priced at $2.78. The Solana-based BONK is faring better but is still down 2% on the day to $0.000024.
Dogecoin, the leading meme coin by market cap, is actually up 1% on the day to $0.151
Meme coins and tokens are cryptocurrencies that are typically inspired by Internet memes and jokes. They are very volatile and often disappear as quickly as they spring into existence.
They have made a comeback following Bitcoin's surge this year. But this week, they boomed even more with the return of surging demand for so-called meme stocks.
Floki Inu is up 17% in the last 24 hours as meme coins continue to roar, after the apparent return of notorious meme influencer Roaring Kitty. The meme coin market appears to be correlated with Roaring Kitty tweets. During his 12 hour absence, the market cooled off. But since the account has started sending messages again, meme coins are soaring once again. Roaring Kitty (also known as Keith Gill and DeepFuckingValue) was a key figure in the 2021 GameStop short squeeze, which captured the inter...
Meme stocks, which trade on U.S. stock exchanges, are shares of companies that have a cult-like following on the Internet.
Such stocks, like GameStop and AMC Entertainment, experienced a resurgence this week after the Internet celebrity who kicked off their first run, Roaring Kitty (aka Keith Gill), posted online for the first time in nearly three years.
The craze appears to be now dying down, though, as traders cash out—some with massive gains.
Edited by Andrew Hayward
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
The Federal Reserve held interest rates steady on Wednesday as U.S. President Donald Trump’s tariffs continued to cloud the central bank’s economic outlook. At a target range of 4.25% to 4.5%, the Fed was reluctant to change its benchmark borrowing rate for a fourth straight time. The decision was widely expected, despite weeks of pressure from Trump on Federal Reserve Chair Jerome Powell to start slashing borrowing costs. In a statement, the Federal Reserve flagged heightened levels of economic...
Gold prices extended gains and Bitcoin hovered near February highs on Tuesday as investors positioned ahead of the Federal Reserve’s policy announcement and digested fresh geopolitical and trade-related risks. The Federal Open Market Committee is expected to hold interest rates steady at 4.25% to 4.50% when it concludes its two-day meeting Wednesday afternoon, U.S. time. Chair Jerome Powell will deliver remarks shortly afterward, with markets watching for any shifts in tone following recent sig...
Investment bank Benchmark has upgraded Bitcoin mining hardware manufacturer Canaan’s stock to a “buy” rating in an analyst’s note Tuesday. Equity research analyst Mark Palmer said that the firm's strategy of expanding in North America will help its stock rise, and set a $3 price target—five times the current price. Canaan (CAN) is listed on the Nasdaq. “We believe the company’s ADRs are very inexpensive,” Palmer wrote, adding that the bank expected CAN “to appreciate as it executes on its strat...