TL;DR Bonk Inu (BONK), a Solana-based meme coin, has risen by over 50% over the past two weeks, becoming the fifth-largest in its cohort with a market capitalization of almost $1.6 billion. Its growth has been bolstered by strong investor interest and listings on major cryptocurrency exchanges such as Binance and Coinbase. BONK Climbs the Crypto Ladder The correction reigning in the cryptocurrency market in the past few weeks has been more than evident, with leading digital assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and more witnessing substantial price dec ..read more

A meme coin trader has reportedly cashed out over $22 million in profits from multiple positions in meme-themed tokens on the Solana blockchain. According to blockchain analysis firm Lookonchain, the actions of a trader identified as “paulo.sol” on the Solana Name Service account were flagged on April 26. Meme Coin Trader Profits Over $22 Million The meme coin trader achieved profitable outcomes from assets like Dogwifhat (WIF), Jeo Boden (BODEN), and Bonk (BONK). They initiated their investment in BONK as early as November 11, 2023, after observing its upward trajectory. Employing a strategy ..read more

Pantera Capital is seeking to secure $1 billion for its new fund, ‘The Panter Fund V. ‘ It is designed to provide investors with exposure to a wide range of blockchain-based assets. A new report by Bloomberg revealed that the new fund is expected to launch in April 2025. Pantera Fund V The Pantera Fund V has been designed to be an all-encompassing product, differing from the digital asset investment manager’s previous funds with more specific investment focuses such as the Liquid Token Fund, Early Stage Token Fund, Bitcoin Fund, and Venture Funds. Qualified investors must allocate a minimum of ..read more

Bankrupt cryptocurrency exchange FTX is looking to offload its remaining Solana native tokens, SOL, via an auction this week. According to a Bloomberg report, people familiar with the matter said the bankruptcy estate would auction an unspecified amount of SOL in the hopes of receiving a higher price than that which they would have gotten through direct sales. FTX to Sell SOL Via Auction The blond auction represents a shift from the fixed-price sales the bankruptcy estate has engaged in over time. Notably, most creditors have expressed dissatisfaction with the direct sales approach as it under ..read more

DeGods, the NFT project that once held the highest market value on Solana, is contemplating a return to its original blockchain. Founder Rohan Vohra, who goes by the pseudonym ‘Frank’ recently shared a test picture of bridging NFTs back to Solana, indicating a potential shift back to the platform where it first gained prominence. When DeGods debuted in late 2021, Solana was approaching its peak price, and its NFT ecosystem was growing rapidly. However, by the time it became Solana’s most valuable large-scale NFT project, SOL had significantly depreciated, and the broader NFT market was experi ..read more

ZachXBT has revealed that 12 Solana presale meme coin projects have been “completely abandoned” within the last month. This is after the projects collectively amassed $26.7 million from investors. Abandoned Solana Meme Coin Projects In an April 21 post on X, ZachXBT singled out these projects and warned investors against associating with any future projects by the listed founders. Only 1 month has passed and 12 of the Solana presale meme coins have been completely abandoned after raising >180,650 SOL ($26.7M). Would avoid any future projects launched by these founders. https://t.co/J0zFldR ..read more

TL;DR Cat in a Dogs World (MEW), a meme coin on the Solana blockchain, has notably increased by 60% in a week, supported by new trading options on the OKX exchange and significant investments from large-scale investors. The potential for MEW to become the top Solana-based meme coin is uncertain, influenced by market trends and innovations. Despite its growth, the token’s success remains speculative with a current market cap significantly lower than the leading asset of that type, WIF. MEW’s Impressive Performance The cryptocurrency sector has experienced severe turbulence recently, with its ..read more

A federal jury has convicted crypto trader Avraham Eisenberg of fraud and market manipulation. The charges stemmed from Eisenberg’s exploitation of Mango Markets, a decentralized finance (DeFi) protocol built on the Solana blockchain. Eisenberg Convicted for Market Manipulation Eisenberg, 28, was found guilty by jurors in a federal court in Manhattan on charges of commodities fraud, commodities manipulation, and wire fraud. “Avraham Eisenberg executed a manipulative trading scheme on a cryptocurrency exchange, defrauding the exchange and its investors out of $110 million,” stated Nicole M. Ar ..read more

TL;DR The meme coin dogwifhat (WIF) surged by 15% following Coinbase’s announcement to add WIF perpetual contracts. Other assets of that type like Cat in a Dogs World (MEW), Dogecoin (DOGE), and Shiba Inu (SHIB) also saw notable gains amidst overall market recovery. WIF Stands Among the Best Performers The cryptocurrency market experienced severe volatility in the past several days. Most leading digital assets started recovering yesterday (April 18) before plunging substantially following the reports that Israel carried out drone and missile attacks on Iran. Bitcoin (BTC), fo ..read more

TL;DR The meme coin sector has seen a significant downturn, with its market cap shrinking by around 5% in the past 24 hours. Despite the downturn, the upcoming Bitcoin halving may trigger a rally, offering a potential rebound for meme coins due to their volatility and tendency to follow BTC’s price trends. The Meme Coin Sector Flashes Red The cryptocurrency market has been going through a severe correction in the past several days, with Bitcoin (BTC) briefly nosediving to $60,000 while Ethereum (ETH) dipped below the $3K level. The situation in the meme coin sector is even more ad ..read more