The MetaMask service brings in hundreds of millions in revenue per year to its parent company ConsenSys. The profitability is almost 100%, and more than 30 million people use it.
The company makes money from the fees it charges for exchange transactions in the Swaps crypto exchange function. For example, in October 2020, the company launched this function and began charging a 0.875% commission for it. From January to November 2021, MetaMask managed to earn about $200 million from these fees.
Horrible! Just an hour ago the price of $PNUT was 0.9$, now it is 1.29$
+30% in one hour 🚀🚀🚀
LIVE
user F13
--
Bullish
Cointelegraph опубликовали неправильный пост, что поспособствовало росту токена $PNUT на 90%
11 ноября Cointelegraph опубликовали в X:
"BREAKING: Donald Trump becomes largest holder of $PNUT after receiving 1.7% of its supply, with price surging 300% after Binance listing announcement".
Только они показали кошелёк Трампа в EVM-сетях, с поддельным $PNUT на балансе. Оригинальный PNUT токен только в сети Solana.
Cointelegraph опубликовали неправильный пост, что поспособствовало росту токена $PNUT на 90%
11 ноября Cointelegraph опубликовали в X:
"BREAKING: Donald Trump becomes largest holder of $PNUT after receiving 1.7% of its supply, with price surging 300% after Binance listing announcement".
Только они показали кошелёк Трампа в EVM-сетях, с поддельным $PNUT на балансе. Оригинальный PNUT токен только в сети Solana.
A new category has recently appeared on Coinmarketcap: Political Memes. Political tokens created for the purpose of speculating on the popularity of prominent political figures.
Most of these coins have a rating below a thousand on Coinmarketcap and are traded mainly on DEX exchanges, but there are also coins with a high capitalization:
$PEOPLE - DAO whose goal was to buy the US Constitution at Sotheby's auction in 2021. I do not consider this token political, because the creators had a completely different goal. (I recently made a post about this coin, see below 👇 )
$TRUMP - a token that has a capitalization of $ 80 million and is traded on several large exchanges.
I want to note that the bulk of political tokens are dedicated to Trump, among them you can see Kamala Harris coins, but they have a very small capitalization and on average fell by 80% after the elections.
There are also coins about other politicians: Joe Biden - $BODEN token, which is traded on Kraken
$PUT (PUTinCoin) - a fan coin dedicated to Russia, was created back in 2016!
$VANCE - James Vance, future Vice President of the United States
Constitution DAO - a vivid experiment in decentralized organization
In November 2021, a group of web3 enthusiasts came together as a decentralized autonomous organization (DAO) with the common goal of purchasing a copy of the U.S. Constitution at a Sotheby's auction. There are only 13 original physical copies of the U.S. Constitution in existence, so a fierce battle unfolded at the auction. Despite the group managing to raise much more than the planned 40 million dollars,
$RAY I bought it back in 2021 when the token first appeared. Then the price reached $15 per coin. Later that year, I averaged my position by buying another $RAY at a price of $3
Two years of accumulation were not in vain and the coin has now reached almost $5 🚀
I don’t know if the project will break through a new ATH in the next bull run, but today's price already makes me happy
I do not recommend buying coins about Kamala Harris right now. Many of them have dropped on average by 80% after the elections.
Currently, the most likely option for the growth of these coins is speculation like pump and dump. There is also a small chance that in 4 years Kamala might want to try to run for the US presidency again, then these coins could spike in price. But during this time, the market could change drastically.
Moreover, I think that most of the coins about Harris will disappear because they have a small market cap and are traded on DEX. It costs token creators nothing to simply remove liquidity.
It will be interesting to revisit these coins in the future and see if they find their niche or disappear forever. In any case, a trend of political tokens is already visible.