According to Odaily, Spot On Chain has reported that an early buyer of PEPE, known as methyltryptamine.eth, sold 10 billion PEPE tokens approximately five hours ago. The tokens were sold at a price of 32.73 ETH, equivalent to around $112,000. It's noteworthy that methyltryptamine.eth initially invested $45,000 into PEPE and has now turned this investment into $26.7 million, marking an increase of 58.6K%. Currently, this investor still holds 1.99 trillion PEPE tokens, which is estimated to be worth around $21.9 million.

According to Odaily, Solana's lending protocol, Marginfi, has announced plans to launch Mrgnswap. This new feature will allow users to leverage long or short trades on any Meme tokens, even those that have just been created. The platform promises immediate transactions for these trades. At present, Marginfi is in the stage of collecting email applications for early testing. This development signifies a significant step in the expansion of Solana's lending protocol, offering more flexibility and options for users interested in trading Meme tokens. The introduction of Mrgnswap is expected to enhance the trading experience by providing users with the ability to leverage their trades, potentially increasing their profits. However, it's important to note that while this feature may increase potential gains, it also carries a higher risk. Users are advised to understand the implications of leverage trading before engaging in such activities.

According to PANews, the meme coin issuing platform on Solana, pump.fun, has reached a record revenue of $1.99 million in the past 24 hours. This surpasses the previous highest daily record of $1.48 million set on May 30th. The data was provided by DefiLlama, a reliable source for decentralized finance (DeFi) metrics. Solana has been gaining traction in the cryptocurrency market due to its high-speed and low-cost transactions. The success of pump.fun is a testament to the growing popularity and acceptance of meme coins in the crypto market. Meme coins, despite their often humorous or non-serious themes, have become a significant part of the digital currency landscape. However, it's important to note that while these figures are impressive, they also highlight the volatile nature of the cryptocurrency market. Investors should always conduct thorough research and exercise caution when investing in meme coins or any other form of cryptocurrency.

According to Odaily, Sahil Arora, notorious for his involvement in celebrity meme coin scams, has once again been officially banned. This marks the third time that Arora's account has been suspended. Arora has a notorious reputation in the celebrity meme coin community, having exploited several meme projects for personal gain. He has reportedly defrauded millions of dollars through these schemes.

According to U.Today, the meme cryptocurrency Chewy (CHWY) on the Solana blockchain has seen a dramatic increase of over 1,500% in the past 24 hours. DEX Screener data indicates that the capitalization of CHWY is nearing $10 million following this unexpected surge. The cryptocurrency, which was launched on June 27, initially soared over 13,500%, then plummeted 96%, and has now surged 15 times. The latest surge in CHWY's value has a clear catalyst. Keith Gill, also known as Roaring Kitty, disclosed a 6.6% stake in Chewy Inc. in a recent SEC filing. Gill is known for his role in the 2021 GameStop short squeeze. Chewy Inc. is an online retailer that specializes in pet food and products. Interestingly, Gill posted a picture of a cartoon dog on a blue background on a social media platform three days before the meme token's surge. Around the same time, the Solana meme character Chewy also appeared. Gill did not mention the pet food company in his post, leading to speculation about the coincidence or possible manipulation behind this spike in CHWY's value. Adding to the intrigue, news of a class-action lawsuit against Gill over the GameStop options deal has cast a shadow over this development. The combination of Gill's social media activity and his SEC filing has sparked sudden interest in the CHWY token. This raises questions about the influence of the popular financial influencer on the market.

According to U.Today, Shytoshi Kusama, the elusive leader of the Shiba Inu developer team, has been observed making another location change on the X platform. This has left the Shiba Inu community, also known as the SHIB army, wondering about the reason behind the leader's visit to this specific country. Earlier this year, Kusama frequently changed his locations on X, which led to numerous questions from the SHIB army. However, the lead developer later provided an explanation about his travels. A Shiba Inu fan from Japan, known by the handle @kuro_9696_9696, revealed on his X account that Kusama is currently in the UK. The account holder posted a screenshot of Kusama’s X page as evidence. The SHIB army responded with a variety of comments, questioning the purpose of Kusama’s trip to that region. One X user even highlighted the high taxes imposed by the U.K. government on its citizens, which they have to pay 'for the benefit of others.' However, a review of Shytoshi Kusama’s X page indicates that he has continued his journey and has left the U.K., now heading to Nice in France. Kusama was also seen visiting various locations around the world at the beginning of 2024. About a week ago, a Shiba Inu executive shared a message from Shytoshi Kusama to the SHIB community. This occurred when Lucie, SHIB’s marketing expert, commented on the wave of panic sell-offs that had affected the cryptocurrency market. Shytoshi Kusama then communicated to the community through her that nobody’s perfect, including him, and that he cannot influence what is happening to SHIB at the moment. The only way he can affect it is to continue building with the team. Lucie subsequently tweeted: 'We are not gods, but just regular people trying to create something great.' She compared the current situation in the crypto space to a gold rush in the nineteenth-century United States.

According to U.Today, the cryptocurrency market is showing signs of cautious optimism, particularly within the Shiba Inu (SHIB) ecosystem. Shiba Inu's price is currently trading at $0.000017, marking a 2.33% increase in the last 24 hours. Data from Coinalyze indicates that the Open Interest for the token is also experiencing a bullish trend, with a more than 5% increase overnight. Open Interest data reveals that a total of $20.5 million in perpetual contracts were recorded overnight, exerting significant pressure on market bears. This comes after a prolonged downturn in the token's price in June. The perpetual contract, involving more than 120 billion SHIB, has set the stage for a potential rebound for the meme coin. Several other metrics are contributing to this bullish sentiment. For example, the 24-hour trading volume saw a more than 47% increase overnight, with a total of $199,055,365 traded on centralized exchanges. Additionally, the Shiba Inu burn rate has charted a different bullish path for the month, skyrocketing by as much as 2,750% in 24 hours. Historically, a significant rebound is anticipated for Shiba Inu this month, and the Open Interest from futures traders suggests this is a possibility. While Shiba Inu has spent most of the year building, its token is expected to start reaping the benefits of this growth starting this month, following a massive plunge in June. One of the most significant validations for Shiba Inu came from Kronos, a U.S. tech giant that has announced it will now accept SHIB as payment for its products. This not only presents a huge opportunity for Shiba Inu, but it also provides a crucial use case for all Shiba Inu holders.

According to Odaily, US-listed company Kronos Advanced Technologies Inc has announced its decision to accept SHIB as a payment method for its air purifiers. Kronos is known for its work in the development, manufacturing, and distribution of air purification and filtration systems. The company's move has made it the first publicly traded company to accept SHIB tokens. As of 2024, there are approximately 1.38 million Shiba Inu wallet holders worldwide.

According to CryptoPotato, the meme coin sector, which has seen significant growth in recent months, continues to attract investors and traders. This sector is filled with assets based on current trends, many of which have seen substantial price increases in a short period. This article will discuss some of the most popular meme coins and their potential for further growth. Shiba Inu (SHIB), the second-largest meme coin by market capitalization, has attracted a large number of investors. Over 1.3 million individuals have invested in SHIB, with approximately 51% currently making paper profits. Earlier this year, SHIB made headlines when its price soared to multi-year highs and its market cap exceeded $20 billion. The coin's Relative Strength Index (RSI) has been at relatively low levels in recent months, suggesting a potential increase in July. Dogecoin (DOGE), the leading meme coin, has seen a 6% increase on a weekly scale, and several factors could drive further growth this month. One such factor is support from influential figures, such as Tesla CEO Elon Musk, who frequently praises the coin. Following the integration of DOGE as a payment option on Tesla's website, the coin's value surged by over 20%. Dogwifhat (WIF), the largest meme coin on the Solana ecosystem, has been one of the market's top performers recently. Its success in July will depend on endorsements from well-known industry participants, favorable market conditions, Solana's performance, and other factors. Lastly, Pepe (PEPE), the leading frog-themed meme coin, made headlines in May when it reached a new all-time high and its market cap briefly exceeded $7 billion. However, since then, PEPE's price has fallen by 25% monthly. Despite this, some analysts believe the asset is poised for another bull run. The success of these meme coins in the coming months will largely depend on market conditions and investor sentiment.

According to U.Today, a pseudonymous cryptocurrency analyst known as Ali has indicated that the TD (Tom Demark) Sequential indicator is showing a key buy signal on Dogecoin's three-day chart. This suggests that the leading meme coin's price could rebound in the near future. The TD Sequential is a tool used by technical analysts to predict when an asset is about to reverse its trend. It was first introduced by Tom DeMark, founder and CEO of DeMark Analytics, in his 1994 book 'The New Science of Technical Analysis.' The TD Sequential strategy comprises two main components: the setup (momentum) with nine candles and the countdown (trend exhaustion) with 13 candles. The indicator signals a potential trend reversal when the countdown approaches a certain level. However, a specific setup must be established before a countdown can come into play. At the time of reporting, Dogecoin's price has remained steady over the past 24 hours. Earlier this week, Dogecoin achieved a significant milestone by surpassing 90 million addresses. However, the meme coin currently lacks potential catalysts that could drive its price higher, as the meme coin frenzy that took place earlier this year appears to have subsided. Despite this, and despite routine criticism, Dogecoin remains in the CoinMarketCap top 10 with a market cap of $17.7 billion. Last month, Ripple CEO Brad Garlinghouse renewed his criticism of Dogecoin, stating that the Bitcoin parody was not beneficial for the industry.

According to U.Today, Shiba Inu has experienced a significant increase in the number of burned tokens in the past 24 hours. This surge is likely due to an overall increase in the network activity of Shiba Inu, which could be an early indication of the network's growing strength. The most recent data reveals a staggering 4,677% increase in the burn rate of SHIB tokens, with over 301 million tokens burned in the last day. This sharp increase suggests a larger number of tokens are being destroyed, potentially reducing the quantity in circulation and possibly leading to price growth. IntoTheBlock's token summary highlights a high concentration of large holders, showing that 52% of holders are profitable at the current price. This concentration indicates significant investor interest and support, which is crucial for long-term price movements. SHIB's price movement is closely correlated with Bitcoin's, as indicated by a price correlation of 0.94. Despite some positive momentum, the on-chain signals show neutral-to-slightly bullish trends, suggesting caution may be the best approach. The price chart for SHIB indicates that the asset has been struggling to gain upward momentum. With the 50-day, 100-day, and 200-day EMAs serving as resistance levels, the price is currently trading at about $0.00001734. For SHIB to start a meaningful uptrend, it needs to break above these moving averages. Despite these challenges, the Shiba Inu ecosystem remains strong, with a large volume of transactions and active users. The latest data shows a consistent effort to decrease the token's supply and increase its scarcity, as evidenced by burn transactions. However, given the massive supply of SHIB, such volume is unlikely to significantly impact the asset.

According to U.Today, Lucie, the social media lead for Shiba Inu, has recently addressed the global Shiba Inu community with a statement. She revealed the strategy behind the power of SHIB and announced a significant SHIB giveaway. Lucie compared the growth of SHIB to bodybuilding, stating that the developer team's efforts to expand SHIB’s influence are akin to lifting weights. This includes the adoption of tokens and the pursuit of strategic partnerships. Lucie emphasized that the more partnerships the Shiba Inu team forms, the more robust and powerful SHIB becomes. She reminded the community of the team's existing strategic partnerships, including those with PlaysideStudios for the Shiba Eternity game, K9 Finance for liquid staking on the Shibarium layer-2 solution, and open source AI cryptography company Zama. Lucie stated that these partnerships and campaigns demonstrate the team's dedication and vision for Shiba Inu. The team is continually seeking new opportunities to expand the adoption of SHIB, BONE, LEASH, and SHEB tokens and broaden their reach. Lucie believes that thanks to this constant expansion, the power of SHIB will continue to grow. In a recent tweet, Lucie announced a SHIB giveaway, offering a substantial 10 million Shiba Inu chunk to the crypto community. Participants must follow certain terms, including following SHIB lead Shytoshi Kusama and the team’s major developer, Kaal Dhairya, on the X platform. Participants also need to like and retweet the announcement and leave a comment under the post, mentioning the Shibarium hashtag and tagging a friend. In other news, the SHIB community has successfully disposed of almost one billion meme coins over the past month, according to a recent post published by the Shibburn wallet tracker. This amount of crypto was transferred to unspendable blockchain wallets throughout June in 237 transactions.

According to Odaily, the Meme project FHB has seen a significant increase in the number of wallet addresses within a week of its launch. The project has surpassed 3600 wallet addresses, with daily trading volumes consistently maintaining at $500,000. FHB is a Meme project issued by the Outcome Community. The project aims to integrate meme culture and GameFi ecology to redefine Web3. The rapid growth in wallet addresses and steady trading volume indicate a positive response from the market towards this new project. The integration of meme culture and GameFi ecology is a unique approach that aims to redefine the concept of Web3. This innovative approach has attracted a significant number of users, as evidenced by the rapid increase in wallet addresses within a week of the project's launch. The consistent trading volume also indicates a steady interest in the project from the market.

According to CryptoPotato, Dogwifhat (WIF), a meme coin in the Solana ecosystem, has seen a nearly 50% weekly surge to $2.30, making it one of the top performers in its category. Analysts are predicting a continued bull run for the asset, with forecasts suggesting it could reach $3 soon and possibly $12 by the end of the year. Dogwifhat has been in the news recently due to its substantial price increase. It has risen 12% daily and almost 50% weekly, currently sitting at the $2.30 level. In addition to the price rally, WIF has become the meme coin generating the most daily trading volume, with a figure of over $560 million. The second place is held by the frog-themed Pepe (PEPE) with approximately $490 million. The leading meme coins in terms of market capitalization, Dogecoin (DOGE) and Shiba Inu (SHIB), trail behind with $415 million and $170 million, respectively. Several analysts have noted WIF's recent uptick, with some suggesting this might be the start of a significant bull run. User Bluntz has claimed the asset's price could skyrocket to as high as $12 by the end of the year. Another analyst, Rager, has expressed his expectation for the price to soar to $3 in the coming days. Dogwifhat is not the only meme coin experiencing significant gains. The total market cap of the niche has surged to almost $53 billion, a 5% increase on a daily scale, with DOGE up 2.5%, SHIB rising by 2%, and BONK climbing by 8%. Lesser-known assets such as ANDY ETH (ANDY), LandWolf (WOLF), Toshi (TOSHI), Purr (PURR), Wojak (WOJAK), and many others have also seen double-digit increases.

According to Odaily, a significant transaction has taken place on the Magic Eden platform. The news was initially shared by Leonidas, the founder of Runestone and a developer at Ordinals. He retweeted a post from a user identified as X, who goes by the handle $DOG_BTC_. The user reported that an individual had purchased a whopping 4 million DOG coins on Magic Eden. This substantial acquisition of DOG coins underscores the continued interest and investment in the cryptocurrency market. The identity of the buyer remains unknown, and the reasons behind such a large-scale purchase are yet to be revealed. However, this event has undoubtedly stirred up discussions among the cryptocurrency community, with many speculating about potential market impacts. The Magic Eden platform, where the transaction took place, is a well-known marketplace for digital assets. This incident further highlights the platform's role in facilitating significant cryptocurrency transactions. As the story continues to unfold, the crypto community will be keenly watching for any potential ripple effects this massive purchase might have on the broader market.

According to U.Today, Shiba Inu whales, or large holders of the SHIB token, are showing signs of renewed activity. This comes after a period of decline in the token's performance on the market. The on-chain data for SHIB indicates that there have been 47 significant transactions in the last day, suggesting that these major holders are becoming more active. This is a notable increase from the previous decline in large transactions, which had peaked at 47 on June 29. In terms of transaction volume, SHIB recorded a staggering 947.8 billion tokens moved in a single day. This surge follows a seven-day peak of 6.24 trillion SHIB on June 24. The sharp increase in volume suggests that large holders may be either increasing or distributing their holdings. This is in contrast to the more modest values seen in whale-tier transactions last week. Despite the increased activity on the chain, the price of SHIB has remained relatively stable, currently hovering around $0.00001709. The chart indicates that SHIB has been struggling to maintain its upward momentum. To indicate a bullish trend reversal, SHIB would need to break through resistance levels represented by the 26-day, 50-day, and 200-day EMAs. The market sentiment towards SHIB is mixed. The Bulls and Bears indicator shows a nearly even battle between buyers and sellers, with a slight advantage to the bears. This suggests that the market remains cautious about SHIB's short-term performance and is unlikely to turn into buying in the foreseeable future.

According to U.Today, Shiba Inu (SHIB) has seen a significant 243% increase in its daily SHIB burn rate. However, despite this substantial rise, the price of SHIB has remained relatively unchanged, fluctuating slightly within a narrow range over the past two days. In the last 24 hours, 20,198,590 SHIB were burned, marking a 243.67% increase in the burn rate. However, this increase has not significantly affected SHIB's price, which has remained steady, fluctuating between $0.0000166 and $0.0000172. Several factors, including market sentiment, could be contributing to the lack of price movement despite the increased burn rate. The overall sentiment in the cryptocurrency market, which could be positive, negative, or neutral, may influence individual token prices. The stagnant price could suggest that other market forces are overshadowing the impact of the burn rate. The crypto market, led by Bitcoin, experienced uneventful price action over the weekend, with the proportion of Bitcoin traded falling to a 16% low for the year. This lackluster action has also affected Shiba Inu, as reflected in its price. Lucie, a member of the Shiba Inu team, has reiterated the team's commitment to the growth and development of the project, despite the current market uncertainty. Their focus includes the ecosystem's key tokens — SHIB, BONE, LEASH, and the newly introduced SHEB. As the Shiba Inu community continues to support SHIB, BONE, LEASH, and SHEB, the market is closely watching to see how these tokens will evolve in the coming days. At the time of writing, SHIB was down 0.27% in the last 24 hours to $0.00001699.

According to Odaily, the Meme project BMBA, issued by the Black Mamba community, has seen a significant surge in its value within a week of its launch. The project's value has increased by more than 1500%, with trading volumes exceeding $3.3 million. The BMBA project aims to redefine Web3 by integrating meme culture and the GameFi ecosystem. The Black Mamba community, the issuer of the project, is leveraging the popularity of memes and the growing interest in the GameFi ecosystem to drive the project's success. The impressive growth of the BMBA project within a week of its launch indicates the potential of meme projects in the crypto market. The integration of meme culture and the GameFi ecosystem could be a game-changer in the Web3 space, offering new opportunities for investors and developers alike.

According to CryptoPotato, the first half of 2024 has concluded, and data compiled by on-chain experts has identified the most profitable sectors of the year. Memecoins have emerged as the most profitable sector in H1 2024, followed by Real World Assets (RWA) and Artificial Intelligence (AI). Independent crypto reporter Colin Wu analyzed the price return rate of the top ten tokens by market cap in each sector. The analysis was based on data from CoinGecko, comparing their average daily price return with their prices at the start of the quarter. The tokens were selected based on their rankings on the last day of the quarter. Memecoins recorded an average return rate of 2405.1% in 2024. As of June 19, three of the top ten memecoins by market cap were tokens launched around March-April. These include Brett (BRETT), Book Of Meme (BOME), and DOG•GO•TO•THE•MOON (DOG). Brett had the highest return rate, surging 14353.54% from its issuance price, while dogwifhat (WIF), another notable project, rose 933.93%. The profitability of memecoins is 8.6x higher than that of the RWA sector, which had a return rate of 213.5%, and at least 500x more than the least profitable sectors, which include decentralized finance (DeFi), GameFi, and Layer 2. RWA briefly became the most profitable sector in February as it was heavily discussed in the traditional finance space, with giants like asset manager BlackRock investing in it. The top RWA tokens by market value include Mantra (OM) and Ondo (ONDO), which recorded gains of 1123.8% and 451.12% respectively. The AI sector saw an average return rate of 71.6%, with tokens like Arkham (ARKM) and AIOZ Network (AIOZ) recording gains of 215.5% and 192.19%, respectively. Sectors like Decentralized Physical Infrastructure Networks (DePIN) and Layer 1 witnessed steady growth, reaching 58.7% and 43% return rates, respectively. Wu stated that DePIN has a huge growth potential and is one of the sectors capitalized on this bull market.