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Memecoins are making waves in the cryptocurrency market, as recent Google Trends data reveals their search interest has surpassed that of Bitcoin, signaling a significant shift in retail investor attention.During the week of October 6-12, 2024, "memecoin" achieved a search interest score of 78 out of 100, overshadowing Bitcoin, which registered a score of 32, according to data analyzed by BizTech Community. This surge in popularity aligns with memecoins’ strong market performance, particularly in the first quarter of 2024, when they outperformed other crypto sectors as the most profitable narrative, according to a Cointelegraph report. 

According to CoinDesk: BONK, the Solana-based dog-themed token, surged 16% in the past 24 hours, recording $2.6 billion in trading volumes. It led memecoin trading on Coinbase with $384 million, surpassing other popular tokens like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE).Traders attribute BONK’s recent performance to its low unit bias, strong demand on Coinbase, and active community trading. These factors, combined with deflationary token burns, are positioning BONK for further growth in the competitive memecoin landscape.Technical Analysis Suggests Further Upside for BONKTechnical chart data indicates that BONK has broken out from a consolidation pattern, showing a triple bottom against the SOL/USD pair. This bullish pattern, characterized by three equal lows followed by a breakout above resistance, has traders optimistic.“A triple bottom on BONK charts signals upside potential,” said Bonk core contributor @iamkadense in an X post. SOL’s recent outperformance is also driving attention to BONK as a beta play within the broader Solana ecosystem.BONK’s Token Burn Initiative Drives ScarcityThe BonkDAO community has accelerated token burn activities, permanently removing tokens from circulation to increase scarcity. As of November, 7.7 trillion BONK tokens have been burned, with a target of an additional trillion tokens by December.Burns are conducted through applications within the Solana ecosystem that use BONK for various features. Recent burns include bets placed on Dragontail, Christmas card transactions via BONKmark, and trades executed on LiveBonk.“Yesterday, BONKbot burned 2 billion BONK, and 100 billion tokens have already been removed from circulation,” Bonk contributor @iamkadense noted.BONK’s Undervaluation Sparks Trader OptimismWith a current market cap of $3.6 billion, traders view BONK as significantly undervalued compared to DOGE and SHIB, which reached market caps of $90 billion and $43 billion, respectively, during previous retail trading manias.“The low market cap and strong community support give BONK plenty of room to grow,” said trader @theunipcs, who famously turned a $16,000 investment into $18 million on BONK.BONK’s Role in the Solana Ecosystem and Memecoin RevivalCreated in December 2022 by developers in the Solana ecosystem, BONK has gained traction through viral marketing, community enthusiasm, and its integration with Solana-based applications. Its recent surge coincides with fresh Bitcoin highs and renewed interest in memecoins following listings on exchanges like Coinbase and Robinhood.As BONK sets record highs with robust trading volumes and ambitious token burn initiatives, traders remain optimistic about its potential for further growth. With a strong community, integration into the Solana ecosystem, and increasing investor attention, BONK continues to lead the memecoin revival.

According to Foresight News, data from CoinMarketCap reveals that BONK has surpassed WIF in market capitalization, reclaiming its position as the largest meme coin on the Solana blockchain. BONK's market cap now stands at $3.61 billion, compared to WIF's $3.53 billion. This shift in market rankings highlights the dynamic nature of the cryptocurrency market, where meme coins often experience significant fluctuations in value. BONK's resurgence as the leading meme coin on Solana underscores its popularity and the community's support behind it. The competition between BONK and WIF reflects the broader trends within the meme coin sector, where market positions can change rapidly based on investor sentiment and market conditions. The Solana blockchain, known for its high-speed transactions and low fees, has become a popular platform for meme coins, attracting a diverse range of projects and investors. As the market continues to evolve, the performance of meme coins like BONK and WIF will be closely watched by traders and enthusiasts alike, as they navigate the volatile landscape of digital assets.

Recent data from Artemis reveals that meme coins have achieved an average return of 103% over the past 30 days, significantly outpacing the broader cryptocurrency market's 16.1% return. This surge underscores the growing investor interest in these digital assets.DOGE and PEPE Lead Memecoin RallyAmong the top-performing memecoins, Dogecoin (DOGE) and Pepe (PEPE) have experienced substantial gains. DOGE has risen by 196.1%, while PEPE has increased by 115% during this period. These impressive returns highlight the speculative appeal and volatility inherent in memecoin investments.Election-Related Memecoins Experience Post-Election DeclineMemecoins associated with the U.S. election have faced significant declines following the event. This trend suggests that the value of certain memecoins is closely tied to specific events or narratives, leading to heightened volatility.Investor Engagement with Memecoins on the RiseData from Kaito AI indicates that as of November 14, memecoins have captured nearly 24% of investor attention. Approximately one-quarter of cryptocurrency investors are discussing memecoins on platforms like X (formerly Twitter), reflecting the growing prominence of these assets in the crypto community. 

In 2024, meme coins have emerged as the top-performing crypto assets, delivering substantial returns that outpace those of Real World Assets (RWA) and Artificial Intelligence (AI) tokens. Data from CryptoRank, reported by TechFlow on November 14, highlights meme coins' dominance among the top five narrative tracks by market capitalization growth this year.The cryptocurrency market in 2024 has witnessed a remarkable rise in meme coin valuations. These tokens, often inspired by internet culture and social media trends, have attracted substantial investor attention, leading to impressive market capitalization growth. Notably, PolitiFi, a politically themed meme coin, has also demonstrated strong performance, further highlighting the appeal of this asset class.In contrast, RWA and AI tokens, while experiencing growth, have not matched the rapid appreciation seen in meme coins. The top five narrative tracks by market capitalization growth this year include meme coins and prediction markets, indicating a trend toward speculative and thematic investments. 

According to U.Today, Cardano (ADA), currently the ninth largest cryptocurrency by market capitalization, has experienced a notable increase in Large Holder Netflows this week. Data from IntoTheBlock indicates that these netflows have surged by 393%, suggesting a potential accumulation by large holders, often referred to as whales. This accumulation coincides with ADA's seven-day rally, during which it reached multi-month highs, benefiting from the broader positive momentum in the cryptocurrency market. On Sunday, ADA hit a high of $0.659, a level last seen in March of this year.The recent activity among large holders may indicate strategic accumulation of ADA, possibly in anticipation of forthcoming developments within the Cardano ecosystem. This trend reflects a bullish sentiment among investors regarding Cardano's future prospects. Despite a slight dip of 2.06% in the last 24 hours, bringing the price to $0.581, ADA remains up by 74% over the past week. The cryptocurrency market experienced a pause in its recent rally, with Cardano reaching a low of $0.556 after peaking at $0.654 on Tuesday.Cardano's recent seven-day surge began after it found support at $0.32 on November 4, leading to a fresh upward movement. However, the rally appears to be encountering resistance near $0.66, as ADA tested highs of $0.659 and $0.654 on November 10 and 12, respectively. Despite this resistance, the bulls have maintained their position without significant losses. Should a pullback occur, support levels are anticipated at $0.53 and $0.49. Conversely, a successful breakthrough past $0.66 could target $0.684, with the potential to reach the yearly high of $0.81.

According to Benzinga: Dogecoin (DOGE) has seen an impressive 159% rally to $0.41 since the U.S. presidential election, driven by renewed optimism for a crypto-friendly environment under President Donald Trump and a broader cryptocurrency market surge. Bitcoin’s new all-time high has further contributed to this enthusiasm, sparking demand for meme-based assets like Dogecoin, which appeals to retail investors with its low price and high accessibility.Market Sentiment and Policy Speculation Drive Dogecoin HigherTrump’s campaign has generated excitement among crypto investors, with his messages suggesting support for a U.S. crypto economy. Expectations are rising that the Republican Party’s recent win will lead to policies favorable to digital assets, including corporate tax cuts and a stringent stance on inflation. As concerns over inflation grow, many investors are increasingly viewing cryptocurrencies as a hedge against dollar devaluation.Whale Moves 200 Million DOGE Amid Dogecoin’s 13% Daily Price RiseOn the back of Dogecoin’s rally, Whale Alert reported a large transfer of 200 million DOGE, worth nearly $45.7 million, from Robinhood to an anonymous wallet. This major transaction has stirred the crypto community, sparking various reactions and discussions on social media. Such substantial movements are often seen as a precursor to further price volatility, with traders keeping a close watch.According to analyst Ali Martinez, Dogecoin recently broke through the $0.198 resistance level, and if the meme coin continues to sustain above $0.20, it could enter a parabolic run. Over the past 24 hours, Dogecoin surged 13.28%, briefly reaching $0.232 before settling around $0.229 at the time of this report.As the pro-crypto sentiment grows and institutional interest in cryptocurrencies expands, Dogecoin’s community-driven appeal and market position as an entry-level asset could continue to boost its price trajectory.

According to Odaily, recent data from IntoTheBlock indicates a significant increase in the balances of short-term Litecoin (LTC) holders, with a 31% rise compared to the previous month. This trend of frequent peaks in holdings often precedes either a price bottom or a substantial price surge.The data highlights a pattern where short-term investors accumulate more LTC, potentially signalling market sentiment shifts. Such increases in holdings are typically observed when investors anticipate changes in the market, either preparing for a downturn or positioning themselves for potential gains. This behaviour suggests that market participants are closely monitoring price movements and adjusting their strategies accordingly.The frequent occurrence of these peaks in LTC holdings underscores the dynamic nature of the cryptocurrency market, where investor behaviour can rapidly change in response to market conditions. As the market continues to evolve, these patterns provide valuable insights into the strategies employed by short-term holders, reflecting their expectations and reactions to market trends.

According to Odaily, the cryptocurrency SUI has recently achieved a new all-time high, briefly surpassing the 3.2 USDT mark. As of the latest update, SUI is trading at 3.1552 USDT, reflecting a 24-hour increase of 16.66%. This significant price movement highlights the growing interest and volatility in the cryptocurrency market. 

According to Odaily, recent data from Arkham monitoring reveals a substantial transfer of digital assets into Grayscale's trust funds. Approximately two hours ago, a total of 8,851 AVAX tokens were moved from an unknown address beginning with 0xC7E into the Grayscale Avalanche Trust. This significant transaction highlights the ongoing interest and investment in the Avalanche ecosystem, which has been gaining traction in the cryptocurrency market.In addition to the AVAX transfer, the same unknown address also transferred 1,396 AAVE tokens into the Grayscale Aave Trust within the same timeframe. This movement of AAVE tokens underscores the growing attention towards decentralized finance (DeFi) platforms, with Aave being one of the leading protocols in this space. The influx of these tokens into Grayscale's trusts suggests a strategic accumulation by institutional investors, reflecting confidence in the long-term potential of these digital assets.These transactions are part of a broader trend where institutional investors are increasingly participating in the cryptocurrency market through established trust funds like those offered by Grayscale. Such movements are often seen as indicators of market sentiment and can influence the perception of these digital assets among retail investors. As the cryptocurrency landscape continues to evolve, the role of institutional investments remains pivotal in shaping the future of digital finance.

According to Odaily, the multi-chain decentralized exchange PancakeSwap has recently executed a significant token burn, eliminating 9,092,771 CAKE tokens from circulation. This move is valued at approximately $15 million.Token burns are a common practice in the cryptocurrency industry, often employed to reduce the total supply of a token, potentially increasing its value by creating scarcity. PancakeSwap's decision to burn such a substantial amount of CAKE tokens underscores its commitment to enhancing the token's value and maintaining a balanced ecosystem.PancakeSwap, known for its user-friendly interface and low transaction fees, operates on multiple blockchain networks, offering users a decentralized platform for trading various cryptocurrencies. The recent token burn is part of its ongoing efforts to optimize the platform's economic model and provide long-term benefits to its community and stakeholders.This strategic move by PancakeSwap reflects a broader trend in the cryptocurrency market, where exchanges and projects regularly engage in token burns to manage supply and demand dynamics effectively. As the market continues to evolve, such initiatives are expected to play a crucial role in shaping the future of decentralized finance.

According to Odaily, American rapper Wiz Khalifa's X account was hacked earlier today, with the attacker posting false information about WIZ tokens. The hacker responsible for this incident is the same individual who recently breached the X account of Andy Ayrey, the founder of Truth Terminal. Users are advised to remain cautious and aware of potential risks. The fraudulent posts have since been removed.Previously, blockchain detective ZachXBT revealed that the hacking of Andy Ayrey's X account earlier this week resulted in the theft of over $1.5 million through the deployment of multiple bundled meme coins. One of the individuals involved in this incident appears to be a significant FWOG whale.

According to BlockBeats, on November 3, Meme coin influencer Murad shared on social media that millennials and Generation Z are increasingly unable to afford housing. As a result, they are turning to meme coins as an alternative investment.

According to U.Today, the dog-themed cryptocurrency Shiba Inu (SHIB) has experienced a significant increase in its burn rate, soaring by 6,153% over the past week. Shibburn X's latest hourly update revealed that 5,761,510,009 SHIB tokens were burned in the last seven days, marking a 6,137.49% rise in the burn rate. This substantial burn was achieved through coordinated efforts within the Shiba Inu ecosystem, including contributions from the community and token burns from various projects within the ecosystem.A major factor contributing to the surge in the weekly burn rate was a significant burn on November 1, where 5,612,878,479 SHIB tokens were burned in six transactions. In October alone, 6,133,934,758 SHIB tokens were burned across 105 transactions. The transfer of billions of SHIB to

According to U.Today, the lead developer of SHIB, known as Shytoshi Kusama, has issued a warning to the SHIB community about scammers using his account on the X social media network (formerly Twitter) to promote fraudulent coins. Kusama explained that these scammers exploit his kindness and his practice of following SHIB enthusiasts to stay connected with the community. Once scammers notice that Kusama follows an account, they offer to buy it for approximately 1 ETH, a significant amount in some regions. After acquiring the account, scammers rebrand it and use it to launch scam tokens, often creating fake accounts with attractive avatars to promote these tokens as community-driven projects.Kusama expressed his frustration with this misuse of his name and reminded the SHIB community to rely on official SHIB channels for accurate information. He emphasized the importance of verifying new information through these channels, especially since even official channels can be decentralized. Despite his efforts, Kusama acknowledged that he cannot prevent scammers from buying accounts he follows. However, he continues to monitor the SHIB-affiliated account @susbarium to ensure his name is not directly used by scammers.In his thread, Kusama also mentioned that the SHIB team is preparing to launch a system designed to link Karma and Reputation to Dao governance, aiming to enhance the security and integrity of the community. He urged SHIB enthusiasts to stay vigilant and always verify information through official channels to avoid falling victim to scams.

According to BlockBeats, on November 1, Flow Traders transferred 5200 billion PEPE tokens, valued at $4.73 million, from an intermediary address 0x01c after a five-month hiatus. The receiving address has been actively trading PEPE for the past seven months, with the most recent transaction occurring two weeks ago during a short-term price peak. Currently, the received funds have not been moved or deposited into any trading platform.

According to Foresight News, blockchain investigator ZachXBT has conducted an initial investigation into the hacking of Truth Terminal creator Andy Ayrey's X account. The hacker, who stole over $1.5 million by deploying multiple meme tokens, appears to be linked to a significant FWOG whale. Previously, Foresight News reported that Andy Ayrey's X account was hacked on October 29, leading to the posting of several meme token messages.

According to U.Today, the Shiba Inu team has issued a warning to its community regarding a significant SHIB burn that occurred recently. The affiliated X account @susbarium highlighted that approximately $100,000 worth of SHIB, equivalent to 5,612,878,479 SHIB, was burned in the past 24 hours, as reported by Shibburn. This burn represents a 252,910% increase and could be a tactic to attract attention, the tweet suggested.The tweet cautioned the SHIB community to remain vigilant despite the large amount of SHIB destroyed. It mentioned that some projects might burn substantial amounts of SHIB to draw in the SHIB army with presales or low-quality tokens. The warning emphasized that this is not an isolated incident and is likely to happen again.The tweet also provided several tips for SHIB holders and other cryptocurrency investors on how to evaluate crypto projects. The first tip is to assess a project's goals beyond the SHIB burns, including checking the team's background, their published roadmap, and the real utility of their token. The second tip is to review the token allocation and the team's holdings, as a high percentage allocated to the team or insiders could be a red flag.Additionally, the tweet advised understanding the tokenomics and examining the promotion methods used by the team. It is crucial to look into the token supply, its liquidity, and the token's structure. The tweet also noted that influencers and large accounts rarely promote projects for free, implying that paid promotions could be a factor to consider when evaluating a project's legitimacy.

According to PANews, several cryptocurrencies have shown notable movements in the market on October 30. Leading the gains, SUI is currently priced at $2.0864, reflecting a 3.65% increase. Following closely, CFX is trading at $0.154, up by 3.28%. TIA has risen by 3.24% to $5.13, while ADA is up by 2.80% at $0.360. MKR also saw a rise, currently at $1150.6, marking a 2.76% increase.On the other hand, some cryptocurrencies experienced declines. PEOPLE is now priced at $0.0762, showing a 3.11% decrease. NEAR has dropped by 2.10% to $4.375. BONK is down by 2.05%, trading at $0.0000217. PEPE has decreased by 1.83% to $0.00000957, and WLD is down by 1.76%, currently priced at $2.069.

According to U.Today, Shiba Inu (SHIB) has experienced a major spike in whale activity, with close to four trillion SHIB transacted in just 24 hours. This sharp rise in high-tier transaction volume highlights renewed interest from large holders, potentially improving investor sentiment and supporting a bullish price trend for SHIB.Whale Activity Signals Potential Price BoostA significant uptick in whale transactions, rising from 895 billion SHIB on October 27 to 3.73 trillion SHIB on October 28, marks a substantial vote of confidence from major players. Such activity often indicates increased confidence among large investors, potentially fostering price stability or even upward momentum.Technical Indicators Show Promising SignsOn the SHIB/USDT chart, SHIB appears to be consolidating above its key moving averages. The convergence between the 50-day and 100-day Exponential Moving Averages (EMAs) has, historically, hinted at breakout potential. This technical setup may indicate a strong base where SHIB could find support, especially with continued whale interest.Key Levels to WatchInvestors should remain cautious, as whale-driven volume spikes have previously led to brief surges followed by corrections. The immediate support levels to watch are $0.000017 and $0.0000165, while resistance stands at $0.0000182. If SHIB can sustain whale interest and break above these levels, a more extended bullish phase could be in store.This resurgence in whale activity makes SHIB a compelling watch for investors interested in tracking large-volume movements and market sentiment.