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A widely followed crypto analyst is suddenly flipping bearish on one red-hot Solana (SOL)-based memecoin. In a new thread, pseudonymous crypto trader Altcoin Sherpa tells his 254,900 followers on X that Pump.Fun (PUMP) may plummet by more than 8% from its current value based on Fibonacci retracement levels, a technical Analysis method used to determine an asset’s support and resistance levels. “PUMP is a great coin, but I’m bearish in the short term. I’m very interested in buying $0.0065 though. Have loads of alerts there.” Source: Altcoin Sherpa/X PUMP is trading at $0.0071 at time of writing, up 173% from its low of $0.0026 on August 28th. The 64th-ranked cryptocurrency by market capitalization is down approximately 11% over the past 24 hours. Next up, the analyst says that he remains bullish on Bitcoin (BTC) and other digital assets despite near-term price volatility. “BTC: choppy price action, slowly pulling back now. Fr...

Pepe (PEPE) had quite an incredible run since its launch in April 2023. The asset’s price skyrocketed within just a few weeks of its debut. The asset entered the top 30 projects by market cap within a very short period. The project has turned numerous early investors into multi-millionaires. Also Read: Tesla (TSLA) vs Ford (F) Stock Battle — $487.93 Target Meets 25% Tariff Impact Can $1000 Worth of Pepe Become $1 Million by 2030? Source: Watcher Guru If you purchase $1000 worth of the frog-themed crypto today, you will receive about 142,857,142.857 (142.86 million) coins. For 142.86 million PEPE to be worth $1 million, the price of each coin has to reach $0.007. The memecoin’s price has to rally by about 999,000%. According to CoinCodex, PEPE could hit a maximum price of $0.0167 in 2030. This figure is much higher than the required $0.007. In this scenario, your $1000 investment will become about $2,385,000 ($2.38 million). Your funds will have grown by 238,400%. According t...

Crypto billionaire Mike Novogratz isn’t a fan of the controversial Trump memecoin. While speaking at Bitcoin Investor Week on Monday, Novogratz argued that the Trump Administration is “categorically good” for the crypto sector. However, he also bemoaned the impact of Official Trump (TRUMP), which launched in January, days before Donald Trump’s presidential inauguration. “Sometimes you got to take the good with the bad. I was at the Vice President’s Ball and the Crypto Ball first, so you saw lots of the crypto Illuminati. And I mean it was a turd in the punchbowl as soon as that thing got launched. Everyone looked at themselves and was like, ‘Oh that just didn’t happen.’ The group collectively and many people in this room have worked so hard over the last eight years to finally get across the finish line, and that made it feel a little foolish.”  TRUMP is trading at $10.81 at time of writing and is more t...

President Donald Trump could have already inked more than $800 million in income following the launch of his memecoin, according to Coinbase director Conor Grogan. The Official Trump (TRUMP) memecoin launched in mid-January a few days before Trump’s presidential inauguration. It is already the 40th-largest crypto asset by market cap. Grogan notes on the social media platform X that the project’s team has sent $482 million worth of the stablecoin USDC, Solana (SOL) and TRUMP to exchanges. He also says they hold $240 million of USDC in out-of-range liquidity and $50 million in range, and they’ve made $29.3 million in USDC fees. The Coinbase director also says he’s not including the $16 billion worth of TRUMP that the team still holds. “This $800 million+ liquidity event dwarfs even the Bored Ape Otherside launch ($285 million raised +$181 million in burned gas). And I’m not even including the Melania meme launch… Caveats:...

A Solana (SOL)-based memecoin is surging after gaining support from top US crypto exchange Coinbase. In a post on the social media platform X, Coinbase announces the addition of Peanut the Squirrel (PNUT) to its platform for spot trading. Amid the news, Peanut the Squirrel is up 26.9% on the day. PNUT is trading for $0.62 at time of writing, and with a market cap of $627.9 million, the memecoin is the 165th largest crypto project. Coinbase signaled last month that a PNUT listing would occur at some point after adding the digital asset to its listing roadmap. Coinbase uses the listing roadmap for transparency and to prevent insider trading on coins prior to them being listed. Being placed on the listing roadmap means the firm has determined the asset will likely be available for trading in the future. PNUT is just one of a batch of other memecoins Coinbase has rolled out support for in recent months. Others include Gigachad (GIGA), a crypto asset inspired by the...

Pepe (PEPE) has had an incredible year so far. The Solana-based memecoin has made waves within the cryptocurrency community. The memecoin has quickly climbed the ranks and is currently the 23rd-largest crypto project by market cap, with a valuation of about $10.26 billion. Also Read: 3 Bullish Price Predictions For the S&P 500 Index in 2025 Trader Turns $3,000 Into $73 Million Source – CoinGape LookOnChain says a trader turned $3,000 into $73 million over a year and a half. On April 15, 2023, the trader purchased 4.91 trillion PEPE for about $3,000. After the asset hit a new all-time high of $0.000028, the trader sold about 100 billion tokens for $2.8 million. Turning $3K into $73M, a 24,656x return, what a legend! Before the market plummeted, $PEPE broke through $0.000028, setting a new #ATH! This legendary trader sold another 100B $PEPE($2.8M) for profit. This trader invested ~$3K to buy 4.91T $PEPE on Apr 15, 2023. Over time, he… pic.twitter.com/Z46fT8dbiY — Lookonch...

A closely followed crypto analyst believes that the most popular memecoin by market cap is primed for another leg up. Pseudonymous analyst Altcoin Sherpa tells his 230,700 followers on the social media platform X that Dogecoin (DOGE) is printing a bullish pattern on the four-hour chart after bouncing off of the $0.36 level. “DOGE: this is not a bearish chart. You still have time to full port into this one guys. Next leg is coming soon.” Source: Altcoin Sherpa/X He also suggests that DOGE could surge near its all-time high of about $0.74. “DOGE isn’t that far off now. I actually think this goes back near all-time high again this cycle, something I didn’t think was going to happen. Raise your targets.” Source: Altcoin Sherpa/X DOGE is trading for $0.41 at time of writing, up 6.8% in the last 24 hours. Next up, the analyst believes that the market low may not yet be in for Ethereum (ETH) in its Bitcoin pair (ETH/BTC) despite a...

A memecoin built on the Solana (SOL) blockchain has earned support from Binance, the world’s largest crypto exchange platform by trading volume. In a new announcement, Binance says it’s adding futures contracts for the monkey-themed PONKE (PONKE) on Monday. Says Binance, “To expand the list of trading choices offered on Binance Futures and enhance users’ trading experience, Binance Futures will launch the PONKEUSDT Perpetual Contract at 2024-11-04 12:30 (UTC) with up to 75x leverage.” PONKE is also listed on several crypto exchanges, including Bybit, Kraken, KuCoin, Crypto.com and Revolut. Last month, the project announced the launch of a decentralized exchange (DEX) called PonkeSwap. “Building on PONKE’s memecoin culture, PonkeSwap offers low-fee token swaps, staking rewards, and Club Ponke where holders can engage with other holders and the team directly. It’s a platform where you can swap, earn, and flex your P...

Attention-hungry memecoin devs are sharing nudes, suicide threats, and porn to pump.fun after the Solana-based platform introduced livestreaming. Pump.fun announced the new feature last night, telling users to “go wild.” And so far, they haven’t disappointed. Indeed, while most of the new coins flooding the platform seem harmless and are marketed with kittens or dogs, others are promoted with explicit pornographic and racist material.  For example, one user using the ticker ‘BUTTHOL’ was caught livestream ing his bare behind, along with a description that read simply, “ This a livestream of my Butthole .” insane update @pumpdotfun pic.twitter.com/m70G15aVBy — ram (@0xRamonos) May 29, 2024 This X (formerly Twitter) user kindly censored the livestream for their followers.  Another user created a coin with the ticker ‘GLOCKLIVE’ and decided to promote it topless while wearing a mask and pointing a gun to their head . This description read, “First pistol live killi...