memecoins / 4 posts found
Third Time’s a Charm? Ben.eth Launches New Memecoin, $LOYAL
May has been wrought with twists and turns. From the rise of $PEPE bringing renewed excitement to crypto and NFTs to an unprecedented rugging from anonymous creator hopeexist, it’s become difficult for Web3 to focus on anything besides memecoins and scandals. And we’re not quite out of the woods yet. Thanks to Ben.eth, the inhabitants of the metaverse might be in for another bout of controversy. Having made a significant splash with his $BEN and $PSYOP memecoins, the pseudonymous collector has returned to further expand his journey to infamy with a new token offering: $LOYAL. What is $LOYAL? $LOYAL is […]
Coinbase Boycott Explained: $PEPE Community Reacts to “Hate Symbol” Label
The Alpha: Coinbase is facing backlash for labeling Pepe the Frog, the mascot of the $PEPE memecoin, as a hate symbol associated with the alt-right. A newsletter sent out via email to Coinbase customers sparked outrage within the $PEPE community, leading to calls for Web3 to boycott the exchange and “#DeleteCoinbase” to start trending on Twitter. Some users are now migrating their $PEPE holdings to Gemini as the price of the popular memecoin continues to fall. Dive deeper: Coinbase ignited controversy this week by labeling Pepe the Frog, the mascot of the $PEPE memecoin, as a hate symbol associated with […]
A Guide to Memecoins: The Risk and Reward of $PEPE, Dogecoin, and More
With NFT sales volume steadily declining since January 2023, memecoins — such as $PEPE, $DOGE, and $TURBO — have emerged as the center of attention in the crypto space. Unlike conventional cryptocurrencies such as Bitcoin and Ethereum, memecoins are primarily used as trading instruments and lack any specific utility tied to particular blockchain features, such as Ethereum’s use of Dapps and DAOs. While memecoins give traders an opportunity to make large amounts of money in short periods of time, they are also very volatile and unstable. As such, they should be approached with caution. Here’s what to know about memecoins, […]
Memecoin Mania: 10 of the Most Popular Memecoins of 2023
The cyclical nature of the blockchain has been on full display as of late. While, in the past, market change may have been triggered by generative avatars, major innovations, or even catastrophic events, the recent resurgence of memecoins has inspired a major shift in the day-to-day operations for those in the NFT space. In early 2023, open editions seemed to be the savior of a waning NFT market. But now, the trading volume of memecoins has continued to far surpass that of NFTs. Similarly, the amount of crypto enthusiasts who hold memecoins has continued to chart new all-time highs month […]