Memecoins: How They Evolved from Fun Experiments to Retail Powerhouses
Memecoins are evolving into retail investor traps, with insider trading and rug pulls raising regulatory concerns, industry observers told Cointelegraph.
Memecoins are evolving into retail investor traps, with insider trading and rug pulls raising regulatory concerns, industry observers told Cointelegraph.
“Binance hasn’t ‘dumped’ or ‘sold’ large amounts of tokens as some tweets have wrongly claimed,” a Binance spokesperson told Cointelegraph.
Ethereum faces another 30% drop to $1,500 if the ETH price double-top pattern plays out, making the $2,000 level increasingly important for the bulls to hold.
Commissioner Caroline Crenshaw said that the agency’s working definition of memecoins was vague and could be easily misconstrued.
A group of analysts say various data points support an XRP rally to $18,000 per coin. Cointelegraph takes a closer look at the data.
Only the altcoins with potential ETF approvals and solid revenue-generation models will outperform the crypto market in 2025.
Solana price may have bottomed at $125, but large SOL token locks starting on March 1 will be the deciding factor.
The announcement came amid a downturn in the crypto markets and caused a spike in SOL’s price as markets struggle to recover lost ground.
Bitcoin’s sharp recovery is proof that dip buyers remain active at lower levels. Will altcoins follow?
February by the numbers: Bitcoin adoption is growing, but memecoins are pumping the brakes.