AdTOKEN6900: The Spiritual Successor to SPX6900 is Here. Presale Live!
AdTOKEN6900: The Successor to SPX6900
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The past week saw no shortage of developments in the wild world of memecoins. From Vitalik Buterin selling his memecoin holdings for millions to new launches taking the crypto sphere by storm, let's break down the biggest memecoin news and updates from CoinSniper.
In what was perhaps the highest profile memecoin transaction of the year, Ethereum co-founder Vitalik Buterin made headlines by liquidating some of his holdings. According to blockchain analysis, Buterin sold tokens from various joke projects like Popcat and Moodeng, netting a total of 908.77 ETH or around $2.24 million.
Buterin is known for being an early supporter of using cryptocurrency to enable new forms of social good. While he emphasized that projects should donate directly to charities, this sale demonstrated the real value some memecoins have achieved. It also showed that even cryptocurrency inventors themselves are not immune to taking profits where they see fit.
In more controversial news, crypto sleuth ZachXBT claimed to uncover 11 Ethereum and Solana wallets allegedly belonging to prominent trader Murad Mahmudov. Totaling around $24 million in assorted memecoins, the addresses were published in what ZachXBT argued was an effort to increase transparency around Murad's recommendations and holdings.
However, others criticized the possible doxxing implications. Murad has millions of social media followers and promotes various projects, so the move sparked debate around influencers' obligations to disclose their economic interests. As smaller investors often follow popular figures' calls, ensuring they have all the facts remains an open question in the fledgling crypto industry.
In data revealed by Wintermute, a whopping 40% of daily trading on the Solana blockchain involves memecoins. The finding showed how speculation and lighthearted jokey tokens continue playing an outsized role even as the overall market matures.
Though dismissed as valueless pumps by critics, memecoins introduce crypto to wider audiences through their viral, grassroots nature. As long as users have a choice to gamble small amounts on long shot projects, their place will remain in the emerging digital economy. At the same time, buyers must remember to separate hype from valid long term investments.
Of course, part of what gives memecoins their fleeting allure is the potential for 100x or even 1000x gains within a few days. And last week furnished examples as a few names rocketed after debuting.
YOURMOM, a tongue-in-cheek coin created by Bitcoin developer Peter Todd, soared over 4000% immediately upon launch. Meanwhile, Baby Doge pumped strongly in mid-October following a series of exchange listings and promotion from its passionate fanbase.
Launching a coin and marketing it effectively enough to draw attention remains an inexact science. While projects with real utility can endure volatility, many others fade quickly once their initial buzz dies down. That boom-or-bust cycle is all part of the thrill, and partly why memecoins continue evolving at lightning speed.
Of course, no recap of the week's memecoin movements would be complete without discussing CoinSniper, a premier site for surfacing early-stage projects. A key part of our proposition involves "CoinSniper’s Quests", challenges set by coin founders that let community members earn bounties.
Quests consist of tasks like following a Twitter account, joining Telegram chats, or visiting websites. Users submit their BSC wallet, complete the steps, then are entered to potentially split reward pools which can reach into the thousands.
It's a clever model that benefits all parties. Projects get promotion and traffic. Fans have motivation beyond price speculation to engage. And newcomers can learn about cryptos through low-pressure participation. Let's explore some of the active and recently completed quests from the past few days:
| Coin | Quest Description |
| PugDaddy (PGDY) | Join with BSC wallet, follow X account, share about the play-to-earn gaming platform |
| HashCEX (HCEX) | Follow X account, join Telegram channel |
| WW2coin (WW2) | Retweet a WWII history thread and join Telegram |
| Fibtegis Token (FBTGS) | Follow on socials and enter your BSC wallet |
As you can see, CoinSniper gives projects an easy, built-in channel to incentivize their communities. Readers would be wise to sign up, as you never know when exploring a new niche can lead to some free tokens.
To wrap up, let's take a quick look at some announcements and presales on the near horizon:
Last week saw memecoin mania spark new highs for Solana trading while old favorites cooled amid typical post-hype profit taking. Some bizarre projects like YOURMOM erupted suddenly as well. Through it all, diligently completing CoinSniper quests would have provided a real-time edge to make the most informed trading decisions.
Whether swing trading volatility, speculating on presales or simply staying informed, CoinSniper's gamified interface and bountiful quests are enjoyable ways for crypto fans to skin the cat of market insights. Here's to more memecoin news and profitable opportunities emerging this week. Keep your eyes on the quest board.
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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