Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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-10.47%Reading
Meme coin mania has returned—just days after some of the biggest such risk assets took a hit—with tokens like Ethereum-based Pepe and Solana's Dogwifhat making big gains.
In the past day, Pepe (PEPE) and Dogwifhat (WIF) are among the biggest winners in the crypto market—they're up 21% and 18%, respectively, according to CoinGecko data. Pepe is now priced at $0.00001256, while Dogwifhat today hit $2.24.
Also gainig today is Popcat, a Solana-based meme token. The asset has shot up nearly 18% in the past 24 hours and is now priced at $0.8995.
Of the largest-cap meme coins, Dogecoin—the original meme coin and 10th biggest cryptocurrency by market cap—is up nearly 5% in the past day, marking a bigger jump than Bitcoin and Ethereum. Dogecoin's price currently stands at $0.1252.
Meme coins are cryptocurrencies that are often based on Internet memes and jokes, as well as real-world events and trends. Such virtual coins and tokens—which may run on their own blockchain or other major networks, like Ethereum and Solana—are known to be very volatile.
"Risk-on" assets—investments that tend to swing up and down in price—have done well off the back of a failed assassination attempt on Donald Trump this past weekend.
The price of Bitcoin spiked Saturday immediately following reports that former United States president Donald Trump—the presumptive Republican nominee for the 2024 election—was attacked at a campaign rally in Pennsylvania. Bitcoin climbed from a price of $58,337 and reached as high as $59,796 in less than an hour, per data from CoinGecko. That's the highest price that Bitcoin has seen in the last week, though it's down to $59,524 as of this writing. But Bitcoin's gains look incredibly modest com...
A bullet skimmed the presumptive Republican candidate's ear at a rally on Saturday. Investors now are betting that the ex-U.S. president will not only win in November, but also be the most Wall Street-friendly candidate.
As a result, crypto and meme stocks are up big, while Trump-themed meme coins in particular skyrocketed in value over the weekend. Trump has recently positioned himself as the crypto-friendly presidential hopeful. He has said he will "defend the right to mine Bitcoin" and later this month will speak at the 2024 Bitcoin Conference in Nashville, TN.
Bitcoin today broke above $65,000 per coin, according to CoinGecko—the first time it has reached that level in nearly a month. It is currently priced at $64,359, up more than 1% over the past 24 hours.
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 price of Bitcoin slipped below $82,000 on Thursday as U.S. President Donald Trump’s massive new tariffs shook Wall Street and also sent altcoins diving. The leading cryptocurrency dropped 5.8% to $81,732, according to crypto data provider CoinGecko. Solana, the sixth-largest digital asset by market value, fell 12% to a 13-month low under $113. Dogecoin, the original and still most valuable meme coin by market cap, fell 10% to about $0.157. And the Ripple-linked XRP has fallen by 7.4% to $1.9...
President Trump’s “Liberation Day” saw major tariffs announced for over 180 countries, including China, Israel, and Ukraine. In the aftermath, global stock futures markets and Bitcoin (BTC) slumped, while Trump’s own Official Trump (TRUMP) meme coin tanked by over 15%—sinking to lows not seen since the first hours of its launch. The TRUMP token launched on Solana days before Trump’s inauguration, with the now-President embracing it as his official token and promoting it on multiple occasions. I...
On Wednesday, U.S. equity futures and major cryptos fell sharply after President Donald Trump announced sweeping new tariffs on 185 countries, rattling global markets and triggering a broad risk-off move. The Kobeissi Letter described the scene as “truly insane to watch,” noting that markets reversed violently as Trump unveiled tariff rates nation by nation during his "Make America Wealthy Again" event. The S&P 500 lost more than $2 trillion in market capitalization within 15 minutes. Nasdaq 100...