Memecoin | Crypto

The total memecoin market capitalization has dropped roughly 34% over the past month as the broader market sold off, but Santiment suggests the slump may not last long. A reversal in memecoins could come sooner than traders expect, even amid choppy conditions across the broader crypto market, if history is any indication, according to crypto sentiment platform Santiment. “There is a growing narrative of "nostalgia" regarding memecoins, with many traders treating the sector as if it is permanently dead,” Santiment said in a report published on Friday. “This collective acceptance of the 'end of the meme era' is a classic capitulation signal,” Santiment said, explaining that when a sector of the market is completely written off, it is often the “contrarian time” to start paying attention. Read more

Pump.fun, a platform that enables anyone to create and launch memecoins, concluded one of the largest and fastest initial coin offerings (ICOs) on Saturday. Within 12 minutes of the ICO going live, the platform raised $600 million from the sale of 15% of its token supply for $0.0040 each. The ICO, which ended far quicker […] The post Memecoin platform PumpFun concludes one of the fastest ICOs, raising $600M in 12 minutes appeared first on CryptoSlate.

Memecoin investors should realize that the U.S. Securities and Exchange Commission (SEC) will not come to their aid if they lose their money, Commissioner Hester Peirce told CNBC on Friday. Peirce, who was appointed by now crypto-friendly President Donald Trump in 2018 and heads the SEC’s newly created Crypto Task Force, noted: “…generally, it’s good […] The post Memecoin investors ‘should not be looking to the SEC for protection,’ Commissioner Hester Pierce says appeared first on CryptoSlate.