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😱🔥Tron Founder Justin Sun Endorses Dogecoin, Shiba Inu Floki, and Other Meme Coins Tron DAO founder and CEO Justin Sun endorsed Dogecoin (#DOGE ), #ShibaInu (SHIB), Floki (FLOKI) and other meme coins at the latest Token 2049 conference. Sun believes that meme coins are the "first thing" that separates the crypto industry from traditional finance. He also encouraged the development of such meme coin projects. Tron CEO Supports Dogecoin, Shiba Inu and Floki In a post on X, Sun posted a clip from the Token 2049 Dubai conference speaking in favor of meme coins. In the clip, the founder of Tron expresses his admiration for all the meme coins with different animal logos. Moreover, he offered to specifically mention Shiba Inu and Floki. Sun also pointed out the best meme coins, which have reached a huge market capitalization of over $ 10 billion. He also underlined that this valuation does not make sense for those who support traditional finance. However, Sun believes that behind this huge market capitalization is the "fair launch and community engagement" that are an integral part of the crypto space. Also, the Tron CEO underlined that launching a successful meme coin is "as difficult as creating a good crypto project". Also, to highlight the reach of meme coins, Tesla CEO Elon Musk emphasized that he continues to support Dogecoin. Also, Sun labeled DOGE as one of the "best crypto brands". Justin Sun Believes in the Rise in Meme Coins In addition, the founder of Tron also expressed his bullish expectation regarding meme coins. He noted that each bull cycle will have its own meme money that will outshine the others, just like Shiba Inu did this time. The Sun captured the essence of the incident with a brief explanation while sharing the video. He wrote: "Meme coins may seem unusual but they highlight the power of community in crypto. Creating a successful project, whether meme-based or not, requires dedication. Let's see what the next bull cycle brings!” #Memecoins #JustinSun #floki

😱🔥Tron Founder Justin Sun Endorses Dogecoin, Shiba Inu Floki, and Other Meme Coins

Tron DAO founder and CEO Justin Sun endorsed Dogecoin (#DOGE ), #ShibaInu (SHIB), Floki (FLOKI) and other meme coins at the latest Token 2049 conference. Sun believes that meme coins are the "first thing" that separates the crypto industry from traditional finance. He also encouraged the development of such meme coin projects.

Tron CEO Supports Dogecoin, Shiba Inu and Floki

In a post on X, Sun posted a clip from the Token 2049 Dubai conference speaking in favor of meme coins. In the clip, the founder of Tron expresses his admiration for all the meme coins with different animal logos. Moreover, he offered to specifically mention Shiba Inu and Floki.

Sun also pointed out the best meme coins, which have reached a huge market capitalization of over $ 10 billion. He also underlined that this valuation does not make sense for those who support traditional finance. However, Sun believes that behind this huge market capitalization is the "fair launch and community engagement" that are an integral part of the crypto space.

Also, the Tron CEO underlined that launching a successful meme coin is "as difficult as creating a good crypto project". Also, to highlight the reach of meme coins, Tesla CEO Elon Musk emphasized that he continues to support Dogecoin. Also, Sun labeled DOGE as one of the "best crypto brands".

Justin Sun Believes in the Rise in Meme Coins

In addition, the founder of Tron also expressed his bullish expectation regarding meme coins. He noted that each bull cycle will have its own meme money that will outshine the others, just like Shiba Inu did this time.

The Sun captured the essence of the incident with a brief explanation while sharing the video. He wrote: "Meme coins may seem unusual but they highlight the power of community in crypto. Creating a successful project, whether meme-based or not, requires dedication. Let's see what the next bull cycle brings!”

#Memecoins #JustinSun #floki

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Consultez les CG.
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🔥💥VanEck launches MarketVector “MEMECOIN” index to track BONK, FLOKI, DOGE, PEPE, WIF and SHIB tokens VanEck enters the memecoin space with a special tracking index VanEck entered the meme coin arena with an index to track how the best performing Bonk Inu (#BONK ), #Floki Inu (FLOKI) and Dogecoin (#DOGE ) performed against the worst performing Pepe (PEPE), Dogwifhat (WIF) and Shiba Inu (SHIB). Vaneck's MarketVector meme coin index MEMECOIN, popular for its HODL etf, tracks how the industry's six bigwigs are performing on market cap metrics. This weighted methodology will allow the business selection to be measured based on market value parameters. As a risk diversification strategy, the weights of the relevant coins will be limited to 30%. DOGE (30.64%) and SHIB (28.01%) lead the weight of the index. PEPE (14.18%), WIF (13.29%), FLOKI (7.17%) and BONK (6.21%) also took part. Aware that meme coins are a global bombardment point for speculative liquidity, the asset manager issued a disclaimer that “The coins are for entertainment purposes.” This underlines the volatility of the sector and the ease of price fluctuations based on market sentiment. Because of this quality, some believe that cat-themed tokens may soon enter the index. However, Vaneck's MEMECOIN index in itself is an indicator that meme coins are gaining recognition and acceptance in the space. During Token 2049, Tron founder Justin Sun discussed meme coins. In a follow-up post about X, he said, “Meme coins may seem unusual, but they highlight the power of community in crypto.” The sector is steadily turning into a real bona fide cryptocurrency Apr niche on its own. Avalanche Foundation's plans to start investing in the sector's tokens at the end of 2023 have reinforced this rise. #pepe #SHIB
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🔥💥Shiba Inu Coin: Burn Rate Increases 200% Amid SHIB Price Change, What's Next? Shibburn's data shows an approximate 200% surge in Shiba Inu's burn rate today. The burn rate upswing ignites hope for Shiba Inu, although broader market statistics weigh in fueling mixed market sentiments. Shiba Inu witnesses a price flux, with the token trading in the red at press time. #ShibaInu , the meme crypto positioned as the self-proclaimed Dogecoin killer, has once again stirred up a storm of speculation among crypto market traders and investors globally. Today, May 9, the crypto has recorded a significant 200% surge in its burn rate, a development that has coincided with a highly volatile price action experienced by #SHIB in the past 24 hours. These current market statistics have not only set the crypto space abuzz but also sparked discussions among the global crypto community over SHIB’s future price movements. Let’s delve into SHIB’s current cryptographic dynamics. Burn Rate Surge Ignites Hope For Shiba Inu Notably, insights streamlined by the meme coin’s burn tracker Shibbrun reveal that the burn rate surged 210.27% in the past 24 hours. Further, incinerating 24.63 million tokens from Shiba Inu’s supply, this surge in the burn rate rides usual market sentiments of optimism. Meanwhile, upon deeper investigation, it was found that a massive dead wallet transaction primarily sparked the burn upswing. Shibburn’s data shows that a wallet, going by the address 0xa9d1e08c7793a…, moved 24.17 million SHIB to a null address. This transaction has garnered significant attention, as data by Nansen further illustrated that the crypto holdings on this address totaled a whopping $287.57 million. At press time, the wallet’s SHIB holdings totaled 162.25 billion SHIB. This data, collectively, has set off ripples of speculation across the broader crypto market. #memecoins #binance #altcoins
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