ZachXBT, a prominent figure known for his thorough on-chain investigations, recently deactivated his social media account. The renowned crypto sleuth temporarily removed his presence from X (formerly known as Twitter), sparking the emergence of numerous memecoins claiming ties to him. Why ZachXBT Deactivated His X Account ZachXBT is a prominent figure in the crypto community... source: https://beincrypto.com/zachxbt-twitter-exit-memecoins/

Binance, the world’s largest crypto exchange platform by volume, is announcing an update that will reduce the minimum order size of some of the top memecoins by market cap. In a new update, Binance says that it will be reducing the mandatory minimum order size of certain meme assets for spot and margin trading pairs, […] source: https://dailyhodl.com/2023/12/21/binance-releases-new-update-reducing-the-minimum-order-size-on-cryptos-top-memecoins/

According to CryptoPotato, Shiba Inu (SHIB) has topped social media engagement among memecoins, with nearly 24,000 posts and over 85 million interactions. The social media analytics tool LunarCrush estimated that the token has the most devoted community. Dogecoin (DOGE), the largest memecoin by market capitalization, ranked second with 22,300 posts and almost 50 million interactions on social channels. Pepe Coin (PEPE) and Floki Inu (FLOKI) were third and fourth, respectively, while Bonk Inu (BONK) rounded up the top five. Bonk Inu, a Solana memecoin, experienced a significant 400% growth in 30 days, highlighting the volatile nature of memecoins. BONK's market capitalization briefly surpassed the $800 million mark, positioning the asset as the third-largest in the entire memecoin realm. Such assets are often based on trends and could experience rapid price swings in both directions, offering investors the chance to make substantial profits but also hiding risks of appalling losses. Shiba Inu's layer-2 scaling solution, Shibarium, has recently made headlines as it surpassed two major milestones: total blocks exceeding 2 million and transactions surpassing the 90 million level. Shibarium aims to elevate Shiba Inu above its rivals by lowering fees and improving speed. Its further advancement has been touted as a main factor that could lead to a potential SHIB price rally. The token has soared a mere 3% in the past seven days and 17% on a two-week basis.

Memecoins, The Future of Crypto In the dynamic and ever-evolving landscape of cryptocurrencies, a new and peculiar trend has emerged, captivating the attention of both seasoned investors and curious onlookers alike – the rise of memecoins. Memecoins, a fusion of the words “meme” and “coin,” represent a unique category of Read more.. The post Memecoins, The Future of Crypto appeared first on The Whitepaper Database.