Meme Coin News: Exciting Developments in the World of Memes, PEPE Whales Seize Investment Opportunities, Lucky Catoshi Unveils Innovative Reward System
This week, immerse yourself in the latest updates:
Meme Coin News: Market Insights
June 9 Celebrates Global Meme Day
PEPE Whales Take Advantage of Market Fluctuations
Lucky Catoshi Introduces a Unique ‘Tweet-to-Win’ Reward Scheme Project
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Meme Coin News: Market Insights
The meme coin market is displaying a diverse landscape today.
With a market capitalization that remains steady in the past 24 hours, showing a slight uptick of 0.3% to $61.6 billion.
The majority of meme coins in the top 100 category are experiencing a decline, although a handful are in the green.
AMATERASU OMIKAMI (OMIKAMI) recorded the most significant drop, falling by 14.1% to $0.08218.
Following closely is GME, which after a period of upward movement, saw a decrease of 12.2% to $0.01986.
On the flip side, the green coins have witnessed substantial double-digit gains.
Leading the pack is ChompCoin (CHOMP), soaring by 56% to $0.7385.
SPIKE follows closely with a 42.3% surge to $0.03065.
Despite this, most of the top 10 meme coins by market capitalization are in the red today.
Source: cryptonews.com/coins/meme-coins/
Only two coins have seen an increase in the past 24 hours.
TURBO
gained nearly 19% to $0.00611, emerging as the top performer of the day.
PEPE
also saw a modest rise of 0.8% to $0.00001.
Conversely, the most significant decline was witnessed by
Floki Inu (FLOKI)
, dropping by 4.8% to $0.00026.
Following closely is Baby Doge Coin (BABYDOGE) with a 3.5% decrease, while the remaining coins saw declines below 2.5%.
Even the top two coins experienced a minor drop of less than 1%.
Dogecoin (DOGE) is now trading at $0.14474, while
Shiba Inu (SHIB)
is priced at $0.00002.
June 9 Celebrates Global Meme Day
In today’s meme coin news, Memeland, a Web3-focused venture studio and the creators of Memecoin (MEME), have officially declared June 9 as Meme Day.
This day is dedicated to celebrating the power of community within the Web3 space, aiming to establish an annual tradition similar to Web3’s Bitcoin Pizza Day.
Ray Chan, the CEO of Memeland and founder of 9GAG, stated that Meme Day signifies more than just a celebration; it embodies the strength and unity of the community.
By bringing people together, sharing laughter, and strengthening connections both online and offline, this community is setting a new standard in the Web3 realm, emphasizing the importance of community-driven initiatives and traditions.
Source: Memeland
Regional events were held in ten locations across Asia, the UK, and the US, uniting community members under the mantra ‘I’m lovin’ MEME!’
Despite this, MEME experienced a 1.3% decline in the last day, trading at $0.02441, with a 20% drop in the week.
PEPE Whales Seize Investment Opportunities
PEPE has experienced a series of fluctuations over the past month.
In late May, the popular coin surged by nearly 90% in a week to $0.00001699, only to drop to $0.00001259.
On June 7, the price witnessed an 11.25% decline before rebounding.
Notably, whales took advantage of the dip to acquire PEPE at a discounted price.
The Nascent team purchased almost $6 million in PEPE during this period, as reported by Lookonchain.
Another dip was observed on June 9, where a whale seized the opportunity to buy almost $3 million in PEPE.
The coin is currently trading at $0.00001259, exhibiting a 17% decline in a week, a 48% increase in a month, and a remarkable 1,234% surge in a year.
Lucky Catoshi Introduces a Novel ‘Tweet-to-Win’ Lucky Draw Project
In other meme coin news, Lucky Catoshi has unveiled an innovative project that offers users the chance to win more than 1% of its token supply through social media interactions.
Participants can win LUCK tokens by simply tweeting, with the luck machine facilitating random draws.
Similar to a slot machine, users can earn additional spins through referrals or tweets, promoting community engagement and participant rewards.
This initiative aims to move beyond the traditional meme coin space and foster positivity in the Web3 community.
Lucky Catoshi is a meme coin project built on the Coinbase-backed Layer 2 blockchain Base, with a token supply of 1 billion LUCK tokens.
The project is characterized by the figure of Catoshi Nekomoto, a blend of the iconic Japanese waving cats (Neko cats) and the Bitcoin founder Satoshi Nakamoto.
