BRETT, the Meme coin project of Base Ecosystem, was exposed. Initially, insiders held more than 81% of the tokens
According to user @shady_oak1's post on X platform, the Base ecosystem Meme coin project BRETT is not actually fairly distributed. Before most people could buy it, insiders held over 81% of the token supply. @InvestWithRex and others earned nearly 1600 ETH in profits by purchasing marketing tokens during the whitelist phase.
A trader made $1.09 million in profits from trading Meme coins in the past week
Lookonchain monitoring shows that a trader has made a profit of 7,945 SOL (1.09 million US dollars) by trading Meme coins in the past week. Specifically, the trader made a profit of 5,363 SOL (735,000 US dollars) on MANEKI and 2,449 SOL (336,000 US dollars) on GUMMY. The trader traded a total of 13 types of Meme coins, of which 8 were profitable, with a winning rate of 61.5%.
a16z Crypto CTO: Meme coins give the public a negative view of cryptocurrencies and have a destructive impact on the market
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.
Meme coin sector fell across the board: WIF fell 17% in 24 hours, PEOPLE fell 12.28% in 24 hours
According to market data, the Meme coin sector has generally fallen, with the following changes:WIF 24H decreased by 17%, currently reported at 3.4 USDT;PEOPLE 24H decreased by 12.28%, currently reported at 0.03537 USDT;BOME 24H decreased by 11.63%, currently reported at 0.012371 USDT;PEPE 24H decreased by 11.33%, currently reported at 0.00000681 USDT;FLOKI 24H decreased by 10.48%, currently reported at 0.00019015 USDT;BONK 24H decreased by 9.91%, currently reported at 0.00002163 USDT;1000SATS 24H decreased by 8.88%, currently reported at 0.0004574 USDT;MEME 24H decreased by 7.86%, currently reported at 0.035879 USDT;ORDI 24H decreased by 7.11%, currently reported at 69.21 USDT;DOGE 24H decreased by 6.89%, currently reported at 0.18626 USDT;SHIB 24H decreased by 5.56%, currently reported at 0.00002702 USDT.
The total market value of meme coins will nearly double in 2024, with a value of over $56 billion
According to IntoTheBlock data, the total market value of meme coins has almost doubled in 2024, making the market value of memecoins exceed 56 billion US dollars.
A Brief History of Memecoins: Their Past and Future
Memecoins, the intersection of digital currency and internet culture, have captivated participants throughout crypto cycles. Once again, they have captured the zeitgeist for their approachability, viral spread, and alluring potential for lucrative returns.
BOBAOPP opened at $0.001 and is now quoted at $0.0006568
The market shows that BOBAOPP opened at 0.001 US dollars, and is now trading at 0.0006568 US dollars with large market fluctuations. Please be prepared for risk control.
Base chain Meme currency DEGEN briefly broke through 0.03 US dollars, continuing to hit a new record high
The market shows that DEGEN, a Meme coin on the Base chain, has short-term breakthroughs of 0.03 USD and is currently priced at 0.027 USD, setting a new historical high.
A smart money address bought MFER as soon as it was launched, and has accumulated a profit of 1.75 million US dollars
Blockchain analyst @ai_9684xtpa monitored that the address 0xc48...6e52E, known as Smart Money, bought in at the first time when MFER was launched and has accumulated a profit of $1.75 million, with a return rate of up to 2200%. Within 20 minutes of MFER's open trading, this address spent 20.9 ETH and 496,000 HIGNER to buy 8.4 million tokens, worth $79,000, with an average cost of $0.009469. Three hours ago, he sold 2.88 million tokens, earning $461,000, and the remaining part has a floating profit of $1.29 million.
A trader spent 0.4 ETH to buy 16.07 million mfer and made a profit of US$1.4 million.
According to Lookonchain data, a trader spent 0.4 ETH (US $1,400) and made a profit of 1.4 million US dollars in just 10 hours, with a return of 995 times. The trader bought 16.07 million MFER with 0.4 ETH (US $1,400) and sold 14.5 million MFER with 286 ETH (US $1 million). Currently, the trader still holds 1.58 million MFER, worth US $396,000.
