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Celebrity Memecoins: The Rising 2024 Crypto Trend and Its Significant Risks
The recent frenzy of celebrity memecoins mirrors the celebrity NFT craze of the 2021 cycle, bringing with it big risks, and possibly signalling tough times ahead for the crypto market. Most celeb memecoins launched during the current craze are way down on their all-time highs. We’ve once again reached that ominous phase of the market cycle where low-tier celebs start piling into crypto, launching dubious projects in an attempt to pocket a quick, easy payday. In 2017 we had a wave of celeb-backed initial coin offerings (ICOs), in 2021 we saw a slew of celeb-backed NFT collections—and this time around...
Floki Listed! Insider Wallets Show the Next Memecoin Jackpot
You are here: Home / News / Altcoin News / Floki Listed! Insider Wallets Show the Next Memecoin Jackpot Tier-1 exchanges like Coinbase and Binance secretly accumulate memecoins before public listings. Recent Coinbase listings of PEPE, WIF, and FLOKI spark excitement. On-chain analysis reveals insider wallets profiting from memecoin surges. Crypto exchanges’ recent meme coins listings including Floki Inu without prior announcements have raised speculation of insider strategy. There’s no doubt that the meme coin market is in a frenzy as Tier-1 exchanges such as Coinbase and Binance introduce new tokens at rapid space. Market observers believe that these platforms...
Ethereum Trading Volume Surges Amid Record Futures Activity And ETF Inflows
Ethereum’s trading volume has seen a significant spike in November, jumping by 85% from $3.84 billion to $7.13 billion mid-month. This surge comes as a result of increased interest in $ETH, fueled by the launch of Ethereum ETFs and a wave of post-Trump optimism in the market. Ethereum Futures Open Interest has also reached new heights, climbing to a record $21.35 billion, according to Coinglass. The top exchanges for ETH futures include Binance, Bybit, CME, and OKX, all of which have contributed to this surge in futures activity. Ethereum ETFs Recorded Net Inflows The momentum continued on November 22, when...
