According to The Data Nerd's monitoring, a smart money address bought Meme token ELON for 1 ETH 10 days ago and sold all of it 2 hours ago, making a profit of $210,000 with a return rate of about 64 times.

Raj, co-founder of Solana, said in a tweet that meme coins are scaring away serious builders. But he reminds these serious builders that if you are so fragile that you are afraid of young people using permissionless systems to have fun, then you cannot succeed.

The Jupiter-related meme project Wen has announced that they have been collaborating with a top company for the past two months to bring Wen's intellectual property (IP) into reality. They will first launch Wen's plush toys, and then gradually introduce a whole set of cute cat product lines.The company that produces plush toys has previously made physical products for well-known brands such as Adidas, Netflix, J BALVIN, and Goat lord. They are excited to collaborate with award-winning companies such as TOYMAK3RS to make Wen a recognized character.

According to Token Unlocks data, 5.31 billion MEME tokens, worth over $155 million, will be unlocked on May 3, 2024, accounting for 31.96% of the circulating supply. These tokens will be unlocked and distributed to airdrops, advisors, and investors.

Solana-based meme coin MANEKI announced on X platform that it has completed the airdrop for pre-order users of Solana Mobile Saga Genesis & Chapter2, distributing more than 9% of MANEKI's total supply (worth about $20 million). The airdrop will be distributed in the slowest mode within 72 hours to absorb market selling pressure.

a16z Crypto CTO Eddy Lazarrin posted on social media that Meme coins have changed the public's, regulatory agencies', and entrepreneurs' views on cryptocurrencies. It looks like a risky casino or a series of false promises covering up a casino, which deeply affects the behavior of adopters, regulators/lawyers, and builders. I see these disruptions every day, and you should too.

According to Magic Eden data, the RSIC METAPROTOCOL floor price fell to 0.037 BTC, a drop of over 50% within 2 hours.

The Meme project LADYS announced on the X platform that due to congestion on the Solana network, the portal for LADYF claims has been delayed. The team is actively working to resolve this issue. To address the delay, the ownership time for eligible presale holders will be shortened from 88 days to 80 days, and will be linearly attributed based on each Solana blockchain.

On April 5th, Meme exchange DerpDEX.com announced the completion of a strategic investment worth millions of dollars from ABO Digital.DerpDEX ($DERP) is a decentralized meme exchange on zkSync, Base, and opBNB, while ABO Digital is an investment fund of family office Alpha Blue Ocean.Under the strategic investment framework, ABO Digital will provide investment, liquidity support, and meme token incubation opportunities to enhance DerpDEX's expansion on zkSync, Base, opBNB, and all subsequent Layer 2 blockchains, and promote the growth and development of DerpDEX and its token $DERP.

Market data shows that the Solana ecosystem Meme token MEW has briefly broken through $0.01 and is currently priced at $0.009932, with a 24-hour increase of 69.7%.