Solana’s Celebrity Tokens Down 94%, MOTHER Community Defends The Memecoin
Recently, the crypto community saw the surge of a new memecoin frenzy with celebrity-endorsed cryptocurrencies. The Solana-based tokens registered massive gains but became pump-and-dump scams in most cases. Nearly two months later, most of these tokens’ prices decreased significantly from their all-time high days. However, the MOTHER community, one of the best-performing celebrity memecoins, defended their crypto champion against the criticism. Related Reading: Ethereum ETFs Launch About To Kickstart The Altseason? Analysts Weigh In The Rise Of Solana-Based Celebrity Memecoins In....
Related News
Memecoins have been one of the largest narratives of this bull run, with Solana-based ones leading the frenzy. The massive popularity led to the creation of platforms that facilitated the creation of these tokens. After the success of Solana’s Pump.fun, Justin Sun introduced the first memecoin launcher to the Tron Blockchain. Related Reading: Crypto Payments […]
The memecoin frenzy has reached the Tron Network after the launch of Pump.fun’s rival, SunPum. The new memecoin deployer has been making the headlines after surpassing its Solana-based counterpart on key metrics this week. The platform’s remarkable performance in the past two weeks has propelled the network, TRX, and the SUN ecosystem. As a result, SUN, the native token of the DeFi protocol behind SunPump, has surged over 190% in the last seven days. Related Reading: Trump-Inspired Memecoins Soar 40% Amid Rumors Of Endorsement By RFK Jr. SunPump Takes The Market By Storm Nearly two weeks....
In June this year, the Solana blockchain emerged as a hub for people who liked joke currencies. It was a busy month for everyone. The ecosystem now has 30 celebrity-themed tokens that reflect famous people from different fields, such as social media influencers, singers, and reality TV stars. Even though these launches got a lot […]
Dogecoin’s playful origins ignited the memecoin phenomenon, and now, a fresh wave of these digital tokens are clawing their way back into the crypto spotlight. The market cap of memecoins, inching closer to the $50 billion mark, is experiencing a resurgence fueled by a combination of technological advancements, celebrity endorsements, and the ever-present buzz of […]
From being inspired to bashing the artwork’s “flaws,” the community responded to Madonna and Beeple’s latest NFT drop. The queen of pop has collaborated with record-setting artist Beeple to create a series called Mother of Creation, which includes three nonfungible tokens (NFTs) titled Mother of Technology, Mother of Nature and Mother of Evolution. The NFTs show a 3D likeness of Madonna giving birth to robot centipedes, butterflies and trees. As the markets went crazy over stablecoins showing instability, Madonna and Beeple decided that it was the right time to show the community something....