meme coin
Coffeezilla calls out Andrew Tate for bogus crash promotions
Published
9 hours agoon
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adminYouTuber Coffeezilla is in a back-and-forth spat with Andrew Tate over the latter’s flip-flop from crypto critic to meme coin promoter.
The YouTuber, whose real name is Stephen Findeisen, ran a clip of Tate, who previously portrayed himself as a crypto skeptic. Coffeezilla also pulled a quote from Tate where he seemingly expressed having no interest in launching coins or exploiting his fans.
“I just like to f— with crypto Twitter because crypto Twitter are full of the biggest degenerate losers on the planet,” Tate once said, saying crypto has “zero” benefit to society. See below.
“Crypto is the only scenario I can think of where you can make a whole bunch of money while benefiting society zero,” Tate stated.
Tate, who prides himself on being a misogynist, has over 10 million followers on X.
Coffeezilla takes a closer look
Coffeezilla’s investigation reveals that Tate has since promoted several meme coins that ultimately crashed.
One of those projects was called “ROOST,” which saw a 90% decline after Tate’s endorsement. The YouTuber also mentions Tate’s promotion of “F Madonna token,” which similarly performed poorly.
These actions are completely different from Tate’s earlier statements against “gambling” and “rug pulls” in the crypto space.
The investigation particularly focuses on Tate’s involvement with the “Real World Token,” linked to his online course formerly known as Hustler’s University.
The YouTuber describes the token’s structure, as explained by Tate, as resembling a pyramid scheme. Subscribers reportedly earn “PowerPoints” that can be converted into tokens representing a share of the school’s profits.
In 2022, Tate was arrested in Romania on charges related to human trafficking and organized crime, which further fueled his notoriety.
He and his brother Tristan have maintained their innocence, and his legal case has remained a subject of international interest.
Coffeezilla tried reaching out to Tate
Coffeezilla, in a YouTube video shared with 3.8 million subscribers, stated that he attempted to get Tate’s response to these findings.
However, he claims that instead of answering the inquiries, Tate leaked his email address and encouraged his followers to harass him.
In one of his recent tweets, Tate stated that having the power to randomly pump any coin on the chart is super fun. Additionally, in a separate tweet, he noted that he wants to pump everyone’s bags and give everyone money.
Tate also questions why more famous people don’t help everyone win. As of now, whatever claims that Coffeezilla made haven’t been proven and remain as allegations.
In the past, Coffeezilla investigated several crypto scandals, including the Save the Kids Token, a charity promoted by members of the Los Angeles-based FaZe Clan.
Coffeezilla has called out a number of alleged schemes, including BitConnect, SafeMoon and various “financial gurus,” such as Grant Cardone and Tai Lopez.
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Bitcoin
POPCAT cools, WYAC and PHIL meme coins pump double.digits
Published
24 hours agoon
October 20, 2024By
adminWith Bitcoin up above $68,000, meme coins like Woman Yelling At Cat, Settled EthXY Token and Phili Inu spiked double digits.
According to CoinMarketCap, the global crypto market has slowly recovered from last week’s slump. The crypto market cap has jumped to $2.34 trillion from last weekend’s $2.17 trillion.
Bitcoin (BTC) is hovering above $68,000, and Ethereum (ETH) is trading around the $2,600 level. But in the last few hours, the market seems to be cooling down, with signs of a potential reversal.
Despite this uncertainty, these three meme coins are up by double digits.
Woman Yelling At Cat pumps 80%
The latest data from CoinGecko shows an interesting price trajectory for a Taylor Armstrong-inspired meme coin.
Woman Yelling At Cat (WYAC), which gets its name from a meme that spoofs an episode of “The Real Housewives of Beverly Hills,” surged from a 24-hour low of $0.02504 to a high of $0.05288.
The exact reason for the price surge is unclear. And yet, WYAC’s popularity is growing on social media, including X.
See the chart below.
However, the surge seems to have cooled down now. The WYAC coin now has a market cap of $45.5 million. Interestingly, the meme coin touched an all-time high on Oct. 17.
This recent surge has earned the meme coin its position as the largest gainer on CoinGecko’s list. On-chain data portal Alphanomics also shared that WYAC is one of the top five biggest price gainers in the last 30 days, with a 6200% surge.
SEXY and PHIL soar
After perusing the list of CoinGecko’s top gainers on Saturday, it’s clear Settled EthXY Token (SEXY) and Phili Inu (PHIL) are up by double digits.
SEXY is up by almost 80% from its 24-hour low of $0.2408. The meme coin has also retraced after pumping as high as $0.5241.
SEXY first launched in August 2023 on the Ethereum blockchain.
Third on the gainers list is PHIL with a 54% pump. The meme coin — featured on the 46th edition of the SHIB Magazine — is also up by over 130% in the last 30 days, with its price now hovering around the $0.04 level.
The rise in these not-so-popular meme coins comes as Popcat’s (POPCAT) relaxed price movement. The cat-themed Solana (SOL) meme coin is down by over 3% in the last 24 hours and 15% in the last seven days.
However, POPCAT has shown similar pullbacks following major pumps in the past. But the current trajectory of the meme coin remains unclear.
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Bitcoin
Red alert as Ethereum price forms several dangerous patterns
Published
4 days agoon
October 17, 2024By
adminEthereum, the second-biggest cryptocurrency, has lagged behind Bitcoin this year amid slow growth of its exchange-traded funds and competition from other layer-1 and layer-2 blockchains.
Ethereum (ETH) has rallied by less than 20% in 2024, while Bitcoin (BTC) has risen by over 50%.
Technicals point to more Ether weakness in the coming months. On the weekly chart, the coin formed a double-top chart pattern around $4,000. It dropped below the neckline of this pattern at $2,824 in July, confirming the bearish breakout.
Ethereum has also formed a death cross pattern as the 200-day and 50-day Hull Moving Averages made a bearish crossover. The HMA reduces lag by using weighted moving averages to smooth out price data.
The last time Ethereum formed a death cross on the weekly chart was in March 2022, and the coin dropped by over 70% after that.
Ether has also formed a bearish pennant chart pattern, which is characterized by a long vertical line followed by a symmetrical triangle. Typically, an asset experiences a bearish breakout when the two lines of the triangle converge.
Additionally, this consolidation is happening at the 50% Fibonacci Retracement level. Therefore, there are increasing chances that the coin will have a strong bearish breakout in the near term, with the next target to watch being $2,111, its lowest point on Aug. 5.
Ethereum’s weak fundamentals
In addition to weak technicals, Ethereum is also battling significant fundamental challenges. First, Ether ETFs have not seen strong inflows a few months after launch.
According to SoSoValue, these funds have had cumulative outflows of over $530 million, primarily due to the Grayscale Ethereum Fund. In contrast, Bitcoin ETFs have crossed the $20 billion inflow level, pointing to higher demand from institutional investors.
Ethereum is also seeing intense competition in areas it used to dominate like DeFi and NFTs. Data by DeFi Llama shows that Solana has crossed Ethereum in terms of DEX volume in the last seven days. It handled $10.87 billion compared to Ethereum’s $9.69 billion.
If the trend continues, Solana may surpass Ethereum this month. Solana has handled $23.9 billion so far, compared to Ethereum’s $24 billion.
This performance is largely driven by the popularity of Solana (SOL) meme coins like Dogwifhat, Bonk, and Popcat have become popular among traders. All Solana meme coins have gained over $10 billion in market cap.
Additionally, some high-profile Ethereum whales, including Vitalik Buterin and the Ethereum Foundation, have sold thousands of coins recently.
Therefore, a combination of weak fundamentals and technicals could push Ether lower in the coming weeks.
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Ethereum
40% of Solana’s trading volume centers around meme coins
Published
6 days agoon
October 15, 2024By
adminSolana has surged ahead of Ethereum in weekly on-chain trading volumes, driven by a remarkable uptick in meme coin activity that now accounts for 40% of its trading landscape.
The crypto landscape is shifting, with Solana recently eclipsing Ethereum in weekly on-chain trading volume. A recent report from Wintermute shows that Solana’s (SOL) trading volume jumped 50% to $51 billion, while Ethereum (ETH) reached $46 billion, reflecting the ongoing recovery of the crypto sector from recent lows.
A big driver behind this momentum appears to be the rise of meme coins, which now account for 40% of Solana’s trading activity, fueled by meme coin marketplace pump.fun, which now accounts for 35% of Solana’s total decentralized exchange volume. However, despite the extensive hype, only 0.76% of pump.fun wallets have generated $1,000 or more, as crypto.news reported earlier in an exclusive deep-dive report.
The influx of speculative trading has led to a dramatic increase in token generation on the network, capturing an impressive 86% market share, up from 60% in early September, Wintermute notes. Weekly token generation also skyrocketed from 45,000 to 110,000 tokens.
Meme coins themselves have outperformed other sectors as well, with the GMCI’s Meme Index rising 34% in September, closely trailing the 39% growth of the GMAI Index. Year-to-date, the index has surged 140%, far surpassing the GMAI Index’s 83% growth, Wintermute notes.
Analysts suggest that Solana’s burgeoning meme coin activity “could potentially catalyze broader growth across the entire industry,” adding that the calm in crypto markets may be the “prelude to a storm as the U.S. election approaches.”
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