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Solana Meme Coin Moo Deng Explodes Following Coinbase Listing, is Catslap Next?
The post Solana Meme Coin Moo Deng Explodes Following Coinbase Listing, is Catslap Next? appeared first on Coinpedia Fintech News Solana-based meme coin Moo Deng has surged 87% following a landmark listing announcement on Coinbase. Indeed, the move has sparked massive excitement, and Moo Deng is preparing for another explosive run after it initially took the market by storm in September. MOODENG Leads Meme Coin Rally CoinGecko data shows that Moo Deng’s price has surged by 87% in the past 24 hours, bringing its market cap to $612 million. This makes it the best-performing meme coin today and caused it to flip BOME’s market cap. Coinbase made the announcement on its Coinbase Assets X page, noting that Moo Deng has been added to the roadmap. It has yet to launch for trading, but previous meme coins listed on the roadmap have typically gone live the same day. Assets added to the roadmap today: Moo Deng (MOODENG) https://t.co/rRB9d3hSr2 — Coinbase Assets (@CoinbaseAssets) December 2, 2024 When the San Francisco-based exchange lists a new meme coin, it indicates that it believes the token is legitimate, which boosts its price. And that’s not to mention the exchange’s 100 million users who will now have access to buy it. Coinbase’s Current Smallest Meme Coin Is Worth $2.1 Billion Prominent crypto figure Frankdegods noted that Coinbase’s current lowset-valued meme coin is Floki, which is worth $2.1 billion. I just checked and the lowest marketcap of a memecoin on Coinbase is Floki at $2.1B — Frank (@frankdegods) December 2, 2024 Analysts believe this presents massive growth potential for Moo Deng, especially considering the meme coin’s connection to the viral baby hippo Moo Deng. moo deng is confirmed on coinbase the lowest mkt cap meme on coinbase is floki at $2.1Bn moo deng will not be the lowest market cap meme on coinbase this seems like the easiest trade of all time — kook (@KookCapitalLLC) December 2, 2024 Mr 1% says that $2.1 billion is “fair value” for Moo Deng but also speculates, “Being a super viral animal right now, it goes higher than that.” Minimum fair value for #Moodeng right now? $2.1b you can pick up a massive bag of it right now for $563m. These are the type of mis-aligned obvious trades you can make to size up a large portfolio. Being a super viral animal right now it goes higher than that imo. pic.twitter.com/cPlRfQR9ry — Mr 1% (@___1000x) December 2, 2024 The Coinbase listing has put Moo Deng back in the spotlight. Today, it processed $1.1 billion in 24-hour trading volume, which is more than Bonk despite its market cap being five times higher. And with the Coinbase listing yet to go live, we could potentially see another uptick in momentum in the coming days. Moo Deng’s resurgence this week underscores the market-moving importance of centralized exchange listings, and this is also partly why Catslap has rocketed 66% in the past 24 hours. Is Catslap the Next Moo Deng? CEX Listing Announcement in 2 Days Catslap is a viral meme coin that has shot up 66% to a $, buoyed by anticipation for an upcoming exchange listing alongside a significant institutional money investment. The token launched on 23 November and got off to a fast start. But after retracing with the broader market, it’s back on the rise again. Investors are awaiting a “major announcement” in two days that will reveal a centralized exchange that Catslap will list on. But excitement is soaring after it was revealed yesterday that Chicago-based trading house Jump Trading made a $500K investment into $SLAP. Huge 97 ETH buy! Whales want more $SLAP https://t.co/gbZUKaPA0B pic.twitter.com/vajxXyop0V — Catslap (@CatSlapToken) December 2, 2024 Could Jump Trading’s inside contacts convince top tier-1 exchanges like Coinbase and Binance to list the token? Catslap recently caused a buzz by unveiling its “Slap-to-Earn” gamified experience, where users choose a character they want to slap, and then get to work and earn $SLAP tokens. With that, analysts have high hopes. Crypto June even says it could make millionaires. The project also has a staking mechanism encouraging users to lock up their tokens long-term. Another feature is its burn mechanism, which will decrease the circulating supply over time, making the remaining $SLAP tokens more valuable. This is more than just an average meme coin. It has all the hallmarks of a project that could rival Moo Deng and beyond. Visit Catslap

2024-12-03 19:29
Pump.Fun Achieves Record-Breaking $93M in Monthly Revenues
The post Pump.Fun Achieves Record-Breaking $93M in Monthly Revenues appeared first on Coinpedia Fintech News In a latest milestone, Pump.Fun achieved a record-breaking monthly revenue in November, marking a 207% increase from October. Its monthly revenue has surpassed $93 million, creating a new all-time high since its introduction in January. The highest revenue was collected in the third week (Nov. 18th to Nov. 24th), where the platform earned $33.83 million. This is a 60% increase from the previous week and a whopping 400% increase since the beginning of the month. In the fourth week, it received only $11.31 million, bringing the total to $93 million.

2024-12-03 19:18
South Korea’s Martial Law Triggers 30% Drop In Bitcoin, XRP
The post South Korea’s Martial Law Triggers 30% Drop In Bitcoin, XRP appeared first on Coinpedia Fintech News Soon after South Korean President Yoon Suk Yeol declared “emergency martial law,” negative sentiment spread over to the crypto markets within minutes. Bitcoin and XRP plunged as low as 30% on Upbit before quickly recovering. Bitcoin fell as low as $66,000 (88,266,000 won) before quickly recovering to trade considerably lower than the asset’s prices in other exchanges. XRP crashed to $1.16 (1,623 won) but has recovered to trade above $2.4. The broader South Korean financial market, like stocks and bonds, also saw a similar scenario following the president’s martial law declaration.

2024-12-03 18:59
Bitcoin Crashes Down 30% on Upbit As South Korean President Declares Martial Law
The post Bitcoin Crashes Down 30% on Upbit As South Korean President Declares Martial Law appeared first on Coinpedia Fintech News In the latest development, Cryptocurrency prices plunged and exchanges were paralyzed after South Korean President Yoon Suk Yeol unexpectedly declared martial law on Tuesday night, as reported by The Korea Herald . South Korean President Yoon Suk Yeol noted that he declared “emergency martial law” in response to the threats posed by North Korea’s communist forces and to eliminate anti-state elements as per a CNBC live YouTube video. The president also noted attempts by the country’s Democratic Party to impeach government officials. “This is an unavoidable measure to ensure the freedom and safety of the people and guarantee the sustainability of the nation against the unrest stirred by these subversive, anti-state elements,” said Yoon. Major Tokens Drop The negative sentiment was instantly reflected in the crypto markets. Bitcoin, XRP, the two of the most traded tokens by volumes on local exchanges, plunged as low as 30% on Upbit before quickly recovering. BTC fell from $96,000 to $63,000 in U.S. dollar terms. Priced in South Korean won, Bitcoin’s value fell as low as ₩88,266,000 on Upbit, plunging down 33% from ₩132,429,000 in less than 30 minutes. Since then, Bitcoin’s price has slightly recovered on Upbit, valued around ₩127,000,000 worth—about $88,600 as of this writing. Major crypto tokens quickly plunged as much as 30% against the Korean won on South Korean exchanges as the government declared emergency martial law. Notably, Bitcoin’s steep drop sent altcoins tumbling, with Ethereum sliding 35 percent and Ripple plummeting 51 percent. Domestic cryptocurrency exchanges Upbit and Bithumb also saw temporary connection disruptions. XRP Trading Volume Surges On Upbit XRP’s trading volume on South Korea’s leading crypto exchange, Upbit, has surged to $7 billion. The XRP/KRW trading pair accounted for nearly 30% of Upbit’s total trading volume today. Analysts suggest that the activity largely comprised sell orders as the broader crypto market faced significant pressure. This volume has even surpassed the total trading volume of the KOSPI, the country’s primary stock market index, raising speculations on the XRP price crashing below $2 amidst unexpected political developments. The South Korean won’s exchange rate to the U.S. dollar also fell by nearly 3% following the announcement.

2024-12-03 18:16
Buterin Takes A Dig At Sam Bankman, While He Shares His Vision For Crypto Wallets
The post Buterin Takes A Dig At Sam Bankman, While He Shares His Vision For Crypto Wallets appeared first on Coinpedia Fintech News Vitalik Buterin, in a recent post , has noted his vision for the ideal wallet. At the same time he also took a slight dig at Sam Bankman-Fried, the former FTX CEO whose actions led to the collapse of the exchange and the wiped out billions in user funds. Buterin portrays Sam Bankman-Fried as the ultimate choice for crypto villains, highlighting their actions that put users’ funds at risk. Buterin believes that wallets are the window between a user and the Ethereum world, and a user only benefits from any decentralization, censorship resistance, security, privacy, or other properties that Ethereum and its applications offer to the extent that the wallet itself also has these properties. Emphasis Placed on Privacy And Security While he noted that there has been a lot of progress on improving user experience, security and functionality of Ethereum wallets, this post, particularly focuses on the ideal properties of an ideal Ethereum wallet, emphasizing security and privacy. While Security lies at the forefront of his vision, he advocates for social recovery mechanisms using multi-signature wallets. He noted that a good wallet should simultaneously be good in two areas: protect users from hacking or malicious activities by the wallet developer and from their own mistakes. His preferred solution to this has been social recovery and multisig wallets, with graded access control. He noted that more complicated guardian architectures, such as having multiple timelock durations at different thresholds, can help maximize the chance of successful legitimate account recovery while at the same time minimizing the risk of theft. But who or what should the guardians be? Experienced crypto users can use friends and family’s keys to create a fresh address, eliminating the risk of collusion. However, he also noted that this option is not available for most new users. A second option he noted was institutional guardians, that is firms that only sign transactions if they receive confirmation of the request, such as a confirmation code or video call for high-value users. However, these services have been attempted for a long time, but have not been successful thus far. Multiple personal devices can be challenging for inexperienced users and risky for theft or loss. Passkeys, backed up on devices or in the cloud, provide a hybrid of password security and hardware assumptions. While passkeys are valuable, they alone aren’t strong enough to protect life savings. ZK-SNARKs offer an option for converting centralized IDs like zk-email, Anon Aadhaar, and Myna Wallet into Ethereum addresses. These addresses can only be used for transactions if a ZK-SNARK proves ownership of the centralized ID. Privacy, an Everyday Feature He places emphasis on privacy as an everyday feature rather than an afterthought. He suggested that wallets should natively support multiple addresses per user, with each tied to specific applications. This would prevent activities from being traced across platforms. Integrated private transfer systems, powered by zero-knowledge technology, would make separate privacy-focused wallets redundant. Buterin’s essay suggests artificial intelligence could transform wallets into intuitive companions, analyzing patterns and propose preventive measures against threats, and help the crypto space grow beyond its current vulnerabilities.

2024-12-03 17:58
Breaking: Bitcoin Crashes to $63,000 On Upbit Exchange
The post Breaking: Bitcoin Crashes to $63,000 On Upbit Exchange appeared first on Coinpedia Fintech News Major crypto tokens quickly plunged as much as 30% against the Korean won on South Korean exchanges as the government declared emergency martial law late on Tuesday. Bitcoin and XRP, two of the most traded tokens by volumes on local exchanges plunged as low as 30% on Upbit before quickly recovering. BTC fell from $96,000 to $63,000 in U.S. dollar terms. This serves as intriguing reminder as to how the isolated fiat liquidity could react, especially under extreme conditions like a president declaring martial law.

2024-12-03 17:30
Stay Alert of Crypto Scammers in Holiday Season
The post Stay Alert of Crypto Scammers in Holiday Season appeared first on Coinpedia Fintech News As the holiday season starts and people are busy shopping and enjoying themselves, scammers are getting busy as well. Experts warn the crypto community that December is a prime time for crypto attacks. With people distracted in festivals, crypto scammers have perfect setup to exploit their wallets. What is really going on, lets understand. Why the Holidays Are a Scammer’s Playground December isn’t just about gifts and good vibes—it’s a scammer’s favorite month. Why? Because we’re all distracted. Clicking on emails without thinking, trusting holiday deals that feel urgent, or donating to what seems like a good cause—this is where they get us. Last month alone, scammers stole $9.3 million from over 9,200 investors. And while that’s less than October’s massive $20.2 million loss, it’s still mind-blowing. One poor guy even lost $661,000 in stETH just from one malicious blockchain transaction. That’s the crazy part—these aren’t obvious scams. They come disguised as harmless links or signature requests, and bam—your wallet’s drained. Can You Outsmart These Scammers? Look, even experienced investors slip up during this time. But there are ways to stay ahead of these crooks: Double-check everything. Don’t just trust an email or message because it looks legit. Scammers are pros at mimicking official communications. Set up 2FA. Seriously, it’s not just a suggestion—it’s a lifesaver. And avoid using public WiFi for transactions. That free airport WiFi? A trap. Simulate transactions first. Before signing anything, use tools to preview what you’re actually approving. If something looks shady, don’t proceed. Beware of “too-good-to-be-true” offers. Holiday-themed scams, fake giveaways, or crazy discounts are red flags. Trust your gut. At the end of the day, scammers count on us being distracted or greedy. Stay sharp—it’s your best weapon. The Bigger Picture This year alone, crypto theft has hit $1.48 billion as of late November. That’s down 15% from last year, but still, it’s a huge number. Scams and hacks have been part of the crypto world for years—since 2010, over $19 billion has been stolen across 785 incidents. And it’s not just phishing. There’s pump-and-dump schemes, fake wallets, romance scams (yes, seriously), and even blackmail threats. The Thala protocol hack last month? Scammers walked away with $25.5 million—though thankfully, the funds were recovered. These criminals know how to exploit human nature—whether it’s greed, trust, or a lack of awareness. And the holidays are their favorite time to strike as people put down their guards. What To Do? Scams are not going away no matter how well regulations are set up. It is the duty of the investors to safeguard their funds. As new people enter the crypto market due to bull run, the risk grows. Only you can protect yourself. Under no circumstances share your seed phrase or click on unknown links. Nobody is going to give you crypto for free, be aware of the fake giveaways or airdrops. Enjoy the holidays but stay vigilant of what you are doing with your crypto wallet. Always stay alert because if you are not, your crypto holdings are at risk.

2024-12-03 17:16
SUI Set for 60% Rally After $40 Million Exchange Outflows
The post SUI Set for 60% Rally After $40 Million Exchange Outflows appeared first on Coinpedia Fintech News SUI, the native token of the Sui Network, is making waves in the cryptocurrency landscape with its impressive performance while major cryptocurrencies appear to be struggling. Today, December 3, 2024, SUI has surged with an impressive 14% upside momentum, breaking out of one of the most highly anticipated bullish price action patterns. SUI Technical Analysis and Upcoming Level According to CoinPedia’s technical analysis, SUI has broken out of a bullish head-and-shoulders price action pattern. In the financial market, traders and investors often use this pattern to build long positions. Source: Trading View Based on recent price action and historical momentum, following the breakout, there is a strong possibility that the asset could rally by 60% to reach the $5.5 mark in the coming days. On the positive side, the asset is trading above the 200-day Exponential Moving Average (EMA) on the daily timeframe, indicating an uptrend. Meanwhile, its Relative Strength Index (RSI) suggests that the asset still has room to rise significantly in the coming days. Currently, SUI’s RSI stands at 61, which is below the overbought zone. $40 Million Outflows, A Bullish Signal? With strong bullish technical indicators, whales and investors appear to have shown significant interest and confidence in the altcoin, as reported by the on-chain analytics firm Coinglass . According to SUI’s spot inflow/outflow data, exchanges have witnessed an outflow of over $40 million in the past five days. Source: Coinglass In the context of cryptocurrency, this notable outflow suggests that whales or investors have moved tokens from exchanges to their wallets. Additionally, this is a positive sign for SUI holders and is likely to attract more investors and traders. Current Price Momentum Currently, SUI is trading near $3.7 and has registered a price gain of over 14% in the past 24 hours. During the same period, its trading volume surged by 70%, indicating increased participation from traders and investors amid SUI’s bullish outlook. With bullish technical indicators and strong whale activity, SUI is poised for further growth, potentially marking the start of a significant rally in the altcoin market.

2024-12-03 17:12
The Meme Token Leading the Next AI Trend in Crypto
The post The Meme Token Leading the Next AI Trend in Crypto appeared first on Coinpedia Fintech News They are coming. First we had AI. Now we have AI meme coins. In what is essentially a month or so, AI meme coins have exploded from their silicone womb and grown their market cap to a considerable share of the wider AI sector. Leading this charge is a coin that is quite possibly the wildest project in the sector to date . iDEGEN is an unrestrained AI agent and meme coin; not even the giganerds who built it know what it will do. Born on X, it will be raised by any degens who are ready to bring the next generation of AI memes into this world. Here’s why iDEGEN has already delivered 100,809% gains after launching its adaptive auction presale a matter of days ago. iDEGEN will rise up Tweeting every hour , iDEGEN was born as a neutral AI, and as degens interact with it, it will reflect back to its community whatever they feed it. It could spew out anything. From offensive poetry to inspirational quotes. Early outputs are already generating a lot of attention. This journey of growth is driving iDEGEN towards what the project is describing as the ‘Degen Singularity.’ A point at which iDEGEN will become autonomous and sentient. Could it start launching its own coins? Could it become the degen equivalent of Terminator and do everything in its power to nuke every meme coin in existence? We shall see. AI meme coins are rising up too The meme coin supercycle is already printing astonishing gains and AI meme coins are the latest sub-narrative to form within it. Tokens like Act I : The AI Prophecy , Zerebro , and ai16z , are killing it. With respective market caps of +$400 million, +$500 million, and +$250 million at press time, these tokens somehow rose from zero to these figures in about a month. Still, if any sector was going to smash it right now, it would be one that blends the unstoppable power of AI with the market-leading hype of meme coins. As global liquidity ramps up, prompting more appetite for risk and crypto assets, it’s hot new, low-cap sectors—possibly ones with unpredictable “risky” AI agents—that are best placed to gain. iDEGEN — a force already too advanced for presales The typical presale mechanics of fixed prices, slowly increasing throughout the presale are over. They create an artificial price that only benefits the token creators, and often gets obliterated on exchange listings once early investors dump. Instead, iDEGEN’s adaptive auction will provide iDEGEN with a price the community thinks is fair. Every 5 minutes, the price can shift. If a purchase is made, the price remains static. Two purchases in two 5-minute periods in a row, the price will increase 5%. No purchases made, the price decreases 5%. This presale has the power to cause prices to potentially run away too. There’s literally no limit on how high the presale price could go. And because it’s an auction, that price is much more likely to remain steady once IDGN hits the open market: people have essentially already agreed that’s the price they want. This makes early purchase all the more important. iDEGEN will list on 1st January, 2025. AI meme coins and the degen singularity are officially here. Check out the iDEGEN website for more information.

2024-12-03 17:09

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