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The Rise of Memecoins on BNB Chain Memecoins have become a dominant force in the cryptocurrency market, and BNB Chain has emerged as a hotspot for their rapid growth. With its low transaction fees, high scalability, and strong community support, BNB Chain provides an ideal environment for launching and trading memecoins. Unlike traditional cryptocurrencies, memecoins often gain traction through viral marketing, online communities, and celebrity endorsements. Coins like $PEPE, $FLOKI, and $DOGE-inspired tokens have flourished on BNB Chain, benefiting from its fast and cost-effective transactions. This has allowed retail investors to trade and participate in meme-driven financial ecosystems without the high gas fees seen on Ethereum. The rise of memecoins on BNB Chain is also fueled by decentralized exchanges (DEXs) like PancakeSwap, which offer easy access to new token launches. Additionally, the presence of launchpads and NFT integrations enhances the ecosystem, enabling memecoins to e...

Soneium, the Ethereum Layer-2 blockchain developed by Sony (NYSE: SONY), has finally launched its mainnet, revealing a controversial decision. The blockchain is reportedly censoring and “actively blacklisting” specific tokens such as memecoins and other alleged intellectual property (IP) violations. Since its first announcement in August 2024, Soneium is one of the most expected developments in the Ethereum ecosystem. This is because the Layer-2 blockchain belongs to Sony, a 78-year-old Japanese technology giant, with a strong market share worldwide. Until now, Sony’s blockchain had being running in a testnet, without any noticeable restrictions, thriving backed by a reputable brand. However, the mainnet launch, announced on January 13’s night (EST), officially introduced Soneium to the world under significant controversy. Picks for you St...

Members of the Taliban have been “making good money” trading memecoins, specifically Shib and Dogecoin, according to a recently-released documentary film. On Sunday, X user and documentary filmmaker “Arab” posted a snippet of a two-part film in which he spends seven days with the Taliban. In the 37-second clip, Arab sits in a room of (presumably) Taliban members and asks one particularly elderly man “do you like memecoins?” At this point, another man interjects, telling Arab that “they don’t know about that.” However, he goes on to explain that he is familiar with crypto and opens up with more details about his trading strategies and preferred coins. “I’ve done Shib and these things,” he says, adding, “ I made some good money in Shib and with Doge .” However, he then clarifies that he “lost it back.” “Talibros trading memecoins,” laughs an excited Arab before ...

Caitlyn Jenner launched a crypto meme coin on Memorial Day, but it was hard to tell if it was legitimate or a hack. The Fox News contributor, ex-reality TV star, and former Olympian posted multiple endorsements to two social media accounts, Instagram and X, but her fan base quickly flagged the videos as possibly fake. First, fans questioned the irregular quality of her video endorsement, which she soon remedied with a more authentic-looking video. Second, they questioned the website linked in her endorsement, Pump.fun. The website is a gambling-oriented kickstarter for meme coins. It gamifies the initial coin offering (ICO) of a token on Solana using a bonding curve for initial distribution.  Up-only bonding curves ( and they are always up-only in crypto ) force buyers, in the absence of a real bid/ask market, to pay ever-higher prices for each subsequent purchase. BitClout was the first mainstream crypto project to popularize bonding curves, forcing fans to pay ever-higher prices ...

Memecoins Spikes In Gas Fees Meme coins ’ increased gas use can be related to their high volatility, which confuses and fuels speculation among traders. Notably, meme coins like Shiba INU have been at the forefront of this trend. Anticipation was high for the launch of Shibarium, an L2 scaling solution by Shiba Inu, and people expected significant price recovery for the coin. Despite its successful implementation, the native token’s price saw only a modest 2.67% increase since last week, leaving traders uncertain about the impact of Shibarium. advertisement Dogecoin, another well-known meme coin, has also faced fluctuating gas fees and price volatility, often influenced by Tesla CEO Elon Musk’s tweets and comments. Recent studies highlight that Dogecoin’s value plummeted to $0.07529 during a broader market correction in August 2023, but rebounded to $0.061963 later in the month, showcasing the rapid and speculative nature of the meme coin. ...