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The team at CoinSniper has been watching everything closely and we’re here to give you the inside scoop on the latest memecoin updates and happenings. Well then, hold on tight as we get into the memecoin craze of the week!
This is particularly impressive since the monthly volume of the Solana blockchain’s DEX recently crossed the $120 billion threshold for the first time in its history. This feat illustrates the increasing popularity and use of the Solana ecosystem, which is a home for many new memecoins and other groundbreaking crypto assets.
Solana's DEX volume spike was due in part to the network's ultra-fast transaction times, low fees, and the rise in popularity of memecoin trading through platforms such as Jupiter and Pump.fun.
In memecoins, it’s all about community building and administration. Last week, Pump.fun platform sent out an urgent notice to address complaints regarding community moderation and the misuse of their livestream feature.
Pump.fun team has added more rules and moderation measures in order to create a better, more effective atmosphere for their community, the announcement stated. The move comes in light of reports of disrupting behavior and possibly hacking their livestreams, which had left some memecoin enthusiasts outraged and scared.
Pump.fun has also emphasized the need for a safe and inclusive environment for all parties to thrive as memecoin-based projects become more and more prevalent.
In a related memecoin release, the creator of an Instagram-popular squirrel launched a new token titled JUSTICE, which quickly caught the crypto community’s interest. But the venture has also caught investors off guard with potential concerns over insider management and transparency.
The launch of the JUSTICE token was reported to be accompanied by a huge marketing effort, with the creator of the infamous squirrel account spreading the word about the project. The memecoin community has always welcomed odd and quirky projects, but the JUSTICE launch raised the issue of whether there is room for more accountability and disclosure in the memecoin community.
In a surprise, the value of the Safemoon token experienced a sudden and significant jump, and it sparked the interest of crypto enthusiasts. It’s not just a combination of optimism over the project, or rumors about future updates, that drove the price increase.
But it still remains to be seen if the Safemoon price gains can be sustained over the long term. Investors should always be smart about their investments, and be cautious when dealing with memecoins and other assets that are incredibly volatile.
As a testament to the memecoin juggernaut, the recent Binance token listings for ACT and PNUT led to a surge in demand and price appreciation that some in the crypto space are calling the "god candle".
These instantaneous spikes in volume and investor interest show how big exchange listings can change the memecoin landscape.
| Coin/Event | Key Development |
| Safemoon | Sudden price surge |
| Solana DEX Volume | Surpassed $120 billion in monthly volume |
| Peanut Squirrel Saga | Death of Peanut, subsequent memecoin launches, controversy over insider control |
| Pump.fun | Community moderation issues, shocking livestream incident |
| Binanve Listings (ACT & PNUT) | Significant price increases after listing |
With memecoin in the spotlight, CoinSniper has been tinkering away on their newest invention: CoinSniper Quests. This cool function lets project owners reach out to the community and reward members.
Here’s a closer look at some of the CoinSniper Quests we’ve been looking at this week:
The Captain Hook project, an action-packed play-to-win fishing game based on the Binance Smart Chain, is running a memecoin quest with a total prize pool of $20 USDT. Participation requires users to take on certain tasks (for example, being a follower of the project’s social media channels and talking to the community).
Blueprint Token is a music-related project that aims to change the relationship between fans and artists. Their CoinSniper Quest enables users to get first dibs on the platform’s upcoming features and prizes.
The Bonsai Koin team has introduced a memecoin hunt that lets users earn free BOKO tokens each hour and a 40% referral bonus for every referral. This quest is an excellent exercise for the community to expand and collect rewards together.
CoinSniper Quests are an expression of the platform’s interest in stimulating engagement and rewarding active engagement within the memecoin community. Through these unique opportunities, CoinSniper is giving project managers the ability to build stronger communities while offering users a chance to win awesome prizes.
As you can imagine, this week has been quite a busy week for memecoins. Everything from Solana’s DEX volume milestone to the current uproar surrounding memecoins, crypto remains alive and well.
Even through it all, CoinSniper remains on top of it all by providing a medium for memecoin projects to communicate with their communities and give users the opportunity to win prizes for being active. And so be on the lookout for the latest memecoin announcements, and keep your eye out for CoinSniper Quests popping up – you never know what memecoin surprises are waiting for you!
Disclaimer
The information on Coinsniper is user-generated and not verified. Coinsniper does not provide financial advice or facilitate transactions.
Also note that the cryptocurrencies listed on this website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments.
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