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What Happened Last Week in Memecoins in the Crypto World (Oct. 30th- Nov. 6th)

What Happened Last Week in Memecoins in the Crypto World (Oct. 30th- Nov. 6th)
By Daniel
November 11, 2024

Key highlights:

  • Crypto scammers hijacked Skip Bayless' X account to promote a memecoin called SKIP and voice support for Trump.
  • Meanwhile, a Kamala Harris parody coin plummeted over 90% after Trump's election win, serving as a cautionary tale about the volatility of memecoins.
  • In contrast, the GOAT memecoin surged 45% after the U.S. election, likely due to the broader market uptrend, while the tragic death of a famous internet squirrel sparked a rally in Solana-based memecoins featuring the animal.

It's been another wild week in the world of memecoins. From the steep crash of a Kamala Harris parody coin to the surge of a new GOAT token, the memecoin ecosystem has been full of unexpected twists and turns. Meanwhile, the CoinSniper platform has continued to provide a breeding ground for innovative new crypto projects, offering memecoin enthusiasts a chance to get in on the ground floor.

Crypto Scammers Hijack Skip Bayless' X to Promote SKIP and Back Trump

In a bizarre turn of events, crypto scammers managed to gain control of the X (formerly known as Twitter) account of renowned sports commentator Skip Bayless. Using the platform, the scammers proceeded to promote a memecoin called SKIP, while also voicing their support for former U.S. President Donald Trump.

This incident serves as a stark reminder of the potential risks associated with the crypto space, where unscrupulous actors are constantly seeking to exploit unsuspecting investors. While the full extent of the damage caused by this attack remains to be seen, it highlights the importance of exercising caution and conducting thorough research before investing in any memecoin or cryptocurrency project.

Kamala Harris Parody Coin Plummets More Than 90% After Trump's Election Win

In a surprising twist, the Kamala Harris parody coin, a project that gained significant attention during the 2024 U.S. presidential election, has experienced a dramatic decline of more than 90% in value following the victory of former President Trump.

The sharp drop in the coin's value serves as a cautionary tale for investors who may have been drawn to the project based on its novelty or political associations. This event underscores the inherent volatility and unpredictability of the memecoin market, where speculative investments can quickly turn sour.

GOAT Gains 43% as U.S. Election Results Trigger Market Uptrend


In contrast to the previous examples, the GOAT memecoin has seen a significant surge in value, gaining an impressive 45% in the aftermath of the 2024 U.S. presidential election. This surge is believed to be a result of the broader market uptrend triggered by the election results, as investors seek to capitalize on the perceived stability and optimism associated with the new administration.

Death of Famous Squirrel Sparks Scandal and Meme Coin Rally

The tragic death of a famous internet squirrel, Peanut, has caused a stir in the crypto community. The owner of the beloved squirrel claims that authorities forcibly euthanized the animal, leading to a surge of interest in Solana-based memecoins that feature the squirrel as their mascot.

This unexpected development serves as a reminder of the unpredictable nature of the memecoin market, where even seemingly unrelated events can have a significant impact on the value and popularity of certain projects. As the community rallies around the memory of Peanut, it remains to be seen how this story will continue to unfold and what implications it may have for the broader memecoin landscape.

Whales Invest $2.35m in FWOG as the Meme Coin Hits All-Time High

In a more positive development, the FWOG memecoin has seen a significant influx of investment from so-called "whales," with a reported $2.35 million being poured into the project. This has coincided with the coin reaching an all-time high, further reinforcing the notion that large-scale investors are taking a keen interest in the potential of certain memecoins.

Crypto Scammers Hack Wiz Khalifa's Account to Promote Fake WIZ Meme Coin

In a concerning incident, the crypto community was shaken by the news of crypto scammers hacking the account of renowned rapper Wiz Khalifa to promote a fake meme coin bearing his name. This brazen attack highlights the ongoing threat posed by malicious actors in the crypto space, who are constantly seeking to exploit the trust and goodwill of influential personalities and their loyal fan bases.

The fallout from this incident serves as a stark reminder of the importance of implementing robust security measures and being vigilant when it comes to engaging with any cryptocurrency or memecoin project. As the crypto world continues to evolve, it is crucial for investors to remain informed and proactive in protecting themselves from such scams.

New CoinSniper Quests

So, how have memecoin projects been leveraging the power of CoinSniper Quests? Let's take a look:

BONSAI KOIN (BOKO)

BONSAI KOIN is a deflationary cryptocurrency that rewards its decentralized wallet holders with a 5% return on all transactions. To help grow their community, the BOKO team has set up a Quest on CoinSniper that allows users to claim free BOKO tokens every hour, with a 40% bonus for every referral.

WW2coin (WW2)

For history buffs, the WW2coin project is a must-watch. Featuring gamified tokenomics inspired by the classic "Hearts of Iron" game, WW2coin is bringing the drama and excitement of World War II to the blockchain.

The bottom line

In the ever-changing world of cryptocurrencies, the past week has been a rollercoaster ride for the memecoin community. From scams and scandals to all-time highs and exciting new launches, the memecoin ecosystem has been a hub of activity.

Amidst the chaos, CoinSniper has emerged as a trusted platform that helps investors navigate the complexities of this dynamic market. Through its Coinsniper Quests, new memecoin listings, community-driven voting, and other services, CoinSniper is positioning itself as a vital resource for crypto enthusiasts.




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