April Fools’ Day in the crypto world saw various pranks and jokes, including a fake token launch, political satire from Vitalik Buterin, and a co-host’s humorous announcement of switching allegiances. Some of these pranks were met with backlash, with users accusing them of market manipulation.
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0 posts last weekSolana Memecoin Surge Propels Network to Fourth-Largest Cryptocurrency
Solana-based memecoin BOME’s $100 million presales success has propelled Solana to the fourth-largest cryptocurrency by market capitalization, driving a market-wide uptick in Bitcoin and Ethereum prices. The controversial presale model has raised concerns about its risks, while prominent figures outside of crypto communities have taken notice of the memecoin surge. The upcoming FOMC meeting and its potential impact on cryptocurrency markets are being closely watched amidst recent US economic data indicating persistent inflation.
read moreSolana-Based Memecoin Surge Drives Market Uptick Amid Regulatory Uncertainty
The rise of Solana-based memecoins, particularly Book of Meme (BOME), has driven a market-wide uptick in Bitcoin and Ethereum prices. Despite the success of these memecoins, experts caution that their controversial presale model carries significant risks. The surge in demand for Solana-based memecoins has propelled the network to become the fourth-largest cryptocurrency by market capitalization, with macroeconomic factors, such as new regulatory frameworks from the Federal Open Market Committee, contributing to the volatility in the market.
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