$78,528.00
-0.54%$1,549.60
-4.13%$3.59
-3.11%$1.90
-4.71%$552.66
-0.29%$0.999899
-0.00%$105.88
-1.24%$0.147262
-2.77%$0.227983
-2.12%$0.577521
-1.31%$1,551.07
-4.31%$78,345.00
-0.68%$8.93
0.52%$0.999804
-0.01%$3.04
-2.29%$11.33
-1.71%$0.23093
-3.62%$16.78
3.36%$0.00001136
0.43%$1,864.33
-3.96%$2.01
2.78%$0.147698
3.94%$6.25
5.84%$276.53
0.49%$70.65
-3.10%$0.998446
-0.64%$0.998531
-0.12%$4.07
-2.08%$1,548.53
-4.51%$27.88
0.86%$0.583854
-1.92%$200.99
-0.25%$11.14
6.78%$1,647.56
-4.24%$50.92
1.52%$5.09
-1.75%$1.046
0.02%$0.00000649
1.65%$4.41
0.68%$21.04
0.22%$78,509.00
-0.57%$2.09
-3.10%$29.92
0.24%$0.753173
2.59%$0.68631
-4.48%$0.082599
0.51%$4.61
-0.15%$1.16
1.04%$14.57
1.13%$0.996134
-0.09%$131.18
-1.34%$1.00
0.00%$4.36
-3.36%$0.02019442
2.25%$4.03
-0.03%$193.99
3.91%$78,108.00
-0.79%$0.06204
6.59%$0.288583
3.28%$7.82
-3.03%$2.36
-2.71%$2.92
5.38%$0.172227
0.99%$2.48
4.77%$0.165533
0.29%$0.422761
-3.31%$78,617.00
-0.61%$0.273322
0.96%$0.759617
0.66%$8.61
-1.26%$4.09
3.65%$0.065955
-0.81%$0.616355
1.65%$0.388404
1.08%$1,193.75
-2.01%$0.999596
-0.34%$0.975241
-0.79%$0.335096
-1.22%$1,548.51
-4.83%$63.81
-4.76%$1,608.19
-4.38%$111.03
-1.12%$15.57
6.86%$0.998634
-0.53%$0.535849
-1.20%$0.653289
1.87%$0.999438
-0.11%$0.00001017
3.53%$1.001
0.12%$0.31737
-1.80%$0.998547
0.10%$1,753.31
-4.46%$0.01192481
-3.74%$2,986.62
-1.96%$0.148593
0.66%$0.709297
0.98%$0.395164
3.64%$0.07422
0.31%$78,403.00
0.07%$7.15
-1.28%$551.88
-1.10%$2,993.25
-1.95%$78,441.00
-0.69%$0.999603
-0.04%$0.691758
-2.95%$0.591883
-0.09%$0.456644
6.34%$1,637.77
-4.84%$0.239509
1.59%$0.01324438
1.86%$0.097569
-2.15%$0.00000057
-6.42%$0.448637
-3.47%$0.147939
0.30%$27.06
-1.17%$0.999179
-0.03%$32.56
-13.51%$0.327183
-2.35%$135.94
-1.22%$0.513747
21.30%$1.81
18.17%$1.58
1.94%$0.996965
-0.02%$0.999712
-0.01%$0.00005058
1.33%$1.67
4.04%$0.069447
3.45%$1,611.54
-4.33%$1.62
3.30%$0.999842
0.14%$0.00954986
1.30%$0.99957
-0.06%$4.25
-14.86%$2.54
2.50%$2.83
6.88%$0.41983
5.35%$0.488081
22.94%$76,933.00
-0.19%$13.06
-3.22%$115.33
-2.18%$0.999675
-0.03%$0.119507
2.85%$1.096
-0.10%$0.546228
0.71%$0.416901
1.55%$0.156014
3.17%$1.01
3.14%$110.58
0.00%$1.078
-0.68%$0.00000041
-4.02%$0.214454
-1.89%$0.00433756
1.57%$78,399.00
-0.93%$78,510.00
-0.24%$2.41
-1.16%$23.44
-3.60%$0.147046
-3.55%$0.0066685
3.09%$1,642.03
-4.31%$13.06
2.39%$0.03856522
1.58%$0.125871
3.66%$1.028
2.02%$40.13
-0.51%$78,453.00
1.90%$0.069307
-5.10%$0.99829
0.30%$77,959.00
-1.00%$0.00001753
-0.54%$0.999485
0.06%$0.345651
2.18%$0.555948
-3.29%$0.075124
0.49%$4.79
-0.02%$5.14
1.93%$4.28
-14.62%$1,554.43
-4.25%$1,548.85
-4.14%$1,548.64
-4.56%$0.995737
-0.94%$1.52
-0.43%$1,635.00
-3.46%$0.00000156
8.89%$0.397359
1.85%$0.748609
2.43%$0.00594838
5.27%$0.469582
1.33%$0.0000559
2.25%$0.15054
0.27%$0.172434
-0.99%$0.999346
0.01%$0.00889699
0.71%$0.02974987
-4.77%$0.311019
2.42%$0.99955
-0.02%$1,552.00
-3.85%$2.59
1.26%$78,116.00
-0.22%$0.00330468
0.30%$1,555.08
-5.53%$0.00418666
2.30%$0.0263821
4.29%$0.321046
-0.95%$99.34
-5.46%$0.123897
-11.41%$78,363.00
-0.77%$2,983.85
-1.69%$0.204047
-0.98%$1,529.93
-4.31%$2.57
-3.07%$0.207922
6.26%$1,550.16
-3.93%$0.421225
-3.42%$19.50
-2.50%$0.958123
-2.08%$0.472847
0.02%$0.986924
6.17%$1.00
0.04%$20.72
-1.89%$0.516674
-4.34%$0.162252
-2.66%$0.221498
-0.36%$1,636.77
-4.82%$0.997639
-0.16%$1,698.63
-4.32%$0.02706066
-1.37%$1,575.74
-0.65%$0.877065
7.71%$0.03003296
-2.07%$12.64
-4.07%$0.606511
-0.32%$0.494299
-3.38%$0.08962
-0.71%$1,682.84
-4.61%$0.999611
0.04%$2.55
-9.14%$0.999936
-0.00%$0.01007757
0.09%$78,801.00
1.90%$16.77
3.23%$1,542.03
-10.41%$0.052025
0.06%$0.00213053
-10.20%$0.415293
3.38%$0.76067
4.54%$0.00181324
2.30%$1.73
-0.70%$10.87
-1.82%Reading
We may be in a bear market—though you wouldn’t think so paying attention to the latest meme coin mania.
Decentralized crypto exchange Uniswap today experienced its highest transaction count, according to the Uniswap researcher Austin Adams, who quoted data from Dune. Trades on the exchange are up more than 66% from the previous peak, Adams tweeted today.
The researcher cited “meme coin frenzy” for the surge in Uniswap action. Uniswap is the biggest decentralized crypto exchange by volume and allows anyone to trade tokens on the Ethereum network by simply connecting a crypto wallet—no sign-up required.
This week’s reason for the buzz is mostly down to meme coins becoming popular again—largely Pepe (PEPE), a new token which launched this week and has since blown up in value.
Since its launch, PEPE has surged by an insane amount, CoinGecko shows, helping some investors win big: one lucky buyer turned $250 into $1.02 million in just four days—a 407,900% increase.
Other meme coins also experienced a rise in value this week, when a lot of the market was in the red (although they’re mostly back down today.)
The memecoin frenzy has brought a huge increase in @Uniswap Protocol transaction counts! More than a 66% increase from the previous high.@DuneAnalytics dash: https://t.co/YiTa14a0S8 pic.twitter.com/mQ0ljSCXn2
— Austin Adams (@AustinAdams10) April 21, 2023
Meme coins are digital assets which are based on internet memes. They are highly volatile and are rarely used for much, other than to throw a little money in and hope for massive returns. Rarely do such gambles pay off—until they do.
Meme coins exploded in popularity back in 2020 and some Ethereum experts and engineers warned traders about getting involved—with some even describing them as “scams.”
The biggest and most famous meme coin is Dogecoin. Based on the “doge” meme of a Shiba Inu dog, Dogecoin—or DOGE—was invented in 2013 by a group of engineers as a joke.
Investors plugged $8 billion dollars into decentralized finance (DeFi) in the past three months alone, motivating the more creative members of its community to find new ways to create billions more in value. The result is the latest craze that has taken hold of the cryptocurrency industry: DeFi versions of meme coins, crypto tokens whose worth depends on how funny the Internet finds the joke they represent. DeFi “Degens,” as the users of such tokens self-identify, have cooked up an endless platt...
DOGE skyrocketed in value in 2020 after billionaire Tesla and Twitter boss Elon Musk started pumping the coin. It’s now the ninth-biggest cryptocurrency, with a market cap of $10.8 billion, and has inspired countless spin-off “dog coins.”
PEPE, meanwhile, is based on the Pepe the Frog, a once harmless internet meme later labeled a hate symbol by the Anti-Defamation League after alt-right groups adopted it. PEPE doesn’t have a billionaire pumping it (that we know of), but it has made a few very lucky early investors into millionaires (for now).
Formula 1 has renewed its partnership with exchange platform Crypto.com, extending the agreement through 2030 as both entities seek to capitalize on their shared momentum. The renewed partnership will see Crypto.com continue to feature prominently at key Formula 1 events, including the Miami Grand Prix, where it has been the title sponsor since the race’s inception in 2022. The deal, first inked in 2021, marked Formula 1’s foray into the crypto world at a time when digital assets were experienc...
Mo Shaikh, a co-creator of the Aptos blockchain and co-founder and CEO of the Aptos Labs firm that helps support it, announced Thursday that he's leaving the company to focus on a "new chapter." "Today, I am stepping away from Aptos Labs to start a new chapter," Shaikh wrote on X. "One of my true passions lies in building companies from the ground up, and we have done that at Aptos Labs by building a world-class team." "I leave Aptos Labs with the utmost confidence in the team," he continued, "a...
Building on the momentum of anticipated changes to U.S. crypto policy, Binance.US said it aims to restore its USD services in early 2025, according to a statement shared with Decrypt. It marks the exchange's first major operational shift as regulatory pressure forced the exchange to suspend fiat trading last year. The platform has operated under restricted banking access since June 2023, when SEC civil claims triggered a suspension of dollar deposits and withdrawals. "While I can't provide a de...
