Latest news with #Dogwifhat
Yahoo
3 days ago
- Business
- Yahoo
Bonk Price Prediction - What could affect BONK's future price?
Bonk price prediction reflects mixed sentiment as bullish momentum from Solana ecosystem growth is tempered by meme coin volatility, creating near-term uncertainty and a neutral-to-cautious outlook. 1. Solana partnerships could boost utility, but meme sector fragility risks sharp corrections. 2. Technical indicators show bearish momentum but hint at potential rebounds if key levels hold. 3. Whale activity signals accumulation ($4.29M buy) but also profit-taking by smart money. Solana ecosystem integration: Bonk has 350+ on-chain integrations and a May 2025 partnership with Nasdaq-listed DeFi Development Corp to launch a validator, enhancing Solana's decentralization. This could attract institutional interest. Liquidity mining initiatives: Programs targeting unbanked users in Nigeria/Turkey via Solana's low fees aim to expand adoption, though real-world impact remains unproven. Meme coin fragility: Bonk dropped 10.3% on May 31 amid a broader meme selloff, highlighting sensitivity to sector-wide sentiment shifts. Solana dominance: Competing with newer Solana meme coins like Fartcoin and Dogwifhat risks dilution, but Bonk's first-mover advantage and $1.3B market cap provide relative stability. Key levels: Current price ($0.0000165) sits below the 50-day SMA ($0.0000181) and Fibonacci 23.6% resistance ($0.00002326). A close above $0.0000207 could target $0.000025. Bearish signals: MACD histogram (-0.000000825) and RSI (41.31) reflect weak momentum, but oversold conditions (7-day RSI: 31.72) may invite short-term rebounds. Bonk's price hinges on balancing Solana's growth against meme coin volatility, with technicals suggesting cautious range-trading unless catalysts break key levels. Will Solana's ecosystem expansion offset the speculative risks plaguing meme coins? Bonk price prediction remains mixed, with short-term bearishness driven by a 21.9% weekly drop and broader meme coin sell-offs. However, long-term sentiment is more optimistic, supported by Solana ecosystem growth and increasing institutional interest. - Recent crash – BONK dropped 10.3% on May 31 amid a $43.2B meme coin sell-off. - Bullish catalysts – Partnerships (e.g., Nasdaq-listed DeFi Development Corp) and Solana's DeFi expansion. - Technical uncertainty – Traders debate if $0.0000165 is a dip-buying zone or start of deeper correction. Bearish momentum dominates short-term discussions after BONK fell 21.9% in 7 days (as of June 2), underperforming Bitcoin (-1.5%) and Ethereum (-2.5%) during the same period. However, the 49% gain over 60 days keeps some bulls hopeful. On-chain data shows whale accumulation in May, with one entity buying 204B BONK ($4.29M), but derivatives traders liquidated $251K longs on May 18 during a 14% weekly drop. Meme coin rotation: Capital shifted from BONK to newer Solana-based tokens like Fartcoin in April-May, but some expect a reversal if Bitcoin stabilizes. Institutional adoption: IG Group's June 2 integration of BONK for UK retail traders and the May 16 validator partnership with DeFi Development Corp boosted credibility. Technical thresholds: Analysts highlight $0.00001572 as critical support; a break below could trigger panic selling. Conversely, reclaiming $0.00002204 resistance might restart bullish momentum. X (Twitter): Meme-driven hype dominates, with influencers like World of Charts targeting $0.000040 if Solana's ecosystem activity grows. Telegram/Discord: Traders share mixed technical charts, noting BONK's RSI (48) is neutral but volume decline (-8.4% weekly) signals caution. Developer forums: Focus on BONK's validator partnership to strengthen Solana's decentralization, potentially reducing sell pressure from validator rewards. BONK's narrative balances between meme coin volatility and Solana's infrastructure growth. Watch for sustained trading volume above $200M/day and Solana's DeFi TVL trends. Could BONK's validator partnerships transform it from a meme to a utility token, or will hype cycles remain its primary driver? To get the latest update on BONK, visit our BONK currency page. Content created: 02 June 2025Disclaimer: Content generated by CMC AI. CMC AI can make mistakes, please DYOR. Not financial advice. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Politico
22-05-2025
- Business
- Politico
Memecoin mania, $TRUMP style
Presented by Editor's note: Morning Money is a free version of POLITICO Pro Financial Services morning newsletter, which is delivered to our subscribers each morning at 5:15 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the day's biggest stories. Act on the news with POLITICO Pro. QUICK FIX Dogecoin. Dogwifhat. Fartcoin. These were once the dominant players in the penny stock-like corner of the cryptocurrency markets that plays home to memecoins — a risky type of digital asset that, unlike its big brother counterparts bitcoin and ether, has no inherent value. And then came President Donald Trump's $TRUMP. Memecoins have long been associated with online jokes. (The Elon Musk-beloved Dogecoin was famously launched as one.) But the $TRUMP token — now the fourth-most valuable memecoin in the world, per CoinMarketCap — has set off outrage in Washington. And the uproar is reaching new highs as dozens of its biggest investors head to Trump National Golf Club in Sterling, Virginia, this evening for a private dinner and reception with the president himself. Lawmakers, including Sens. Chris Murphy of Connecticut, Elizabeth Warren of Massachusetts and Rep. Sam Liccardo of California, plan to call on Trump today to release the guest list. Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, is set to roll out a proposed ban on presidential memecoins, the latest addition to an already long line of similar bills. And several critics will be protesting the dinner tonight. 'This is the Mount Everest of American corruption,' Sen. Jeff Merkley, a Democrat from Oregon, told your host for a new piece out this morning. 'This isn't about raising money for a campaign. This is about personal profit, and what he's selling is influence on himself and his Cabinet and the U.S. government.' Open to the top 220 $TRUMP holders, assuming they passed a background check, the dinner is the latest manifestation of Trump's still relatively recent embrace of cryptocurrencies — a breed of financial product whose value he once warned was 'based on thin air.' Among its expected attendees are a former online poker player, crypto billionaire Justin Sun and dozens of other traders. His crypto pivot — or his come-to-Satoshi moment, one might say — has been welcome news to the industry. Following the collapse of Sam Bankman-Fried's FTX, the crypto industry became a pariah in Washington whose future was clouded by a series of lawsuits, some existential, from the Gary Gensler-led SEC. But Trump has become crypto's unexpected savior, as our own Jasper Goodman presciently wrote last January. And while crypto lobbyists and officials worried that his personal forays into the market could hurt the industry's policy agenda, the reality appears to be that crypto may be able to have its cake and eat it, too. Case in point: The Senate now appears to be preparing for a final vote on stablecoin legislation in the coming weeks, after a bipartisan group of lawmakers advanced the bill earlier this week. Yet, even then, the memecoin is quickly becoming a leading front in the swirl of concerns over Trump's business empire. And the concerns aren't dying down. 'When Hunter Biden was trying to profit off of his family's name, people legitimately raised questions,' former House Ethics Committee Chair Charlie Dent told your host. 'I'm not saying Hunter Biden did anything illegal or that any of the Trump family members are doing anything illegal, but it all has a stench to it that turns off a lot of people.' IT'S THURSDAY — Are you heading to the $TRUMP dinner tonight? Let me know, I can keep you anonymous! dharty@ And as always, send your tips, suggestions and personnel moves to Sam at ssutton@ Driving the day Small Business Administrator Kelly Loeffler speaks at a Punchbowl event at 9 a.m. … Senate Banking holds a hearing on the Defense Production Act at 10 a.m. … Existing home sales data out at 10 a.m. Identity crisis — Trump and the GOP may be adopting a more populist tone, and considering a series of similarly minded proposals. But Megan Messerly reports that the numbers inside the president's big, beautiful bill 'are showing that for all the nods the GOP has made to its new populist base, its biggest policy swing remains weighted toward helping higher earners and businesses pay fewer taxes.' — Almost there: 'Republicans stayed overwhelmingly united on a test vote to advance the massive domestic-policy measure shortly before 3 a.m., paving the way for a vote on final passage later in the day — just in time to meet Speaker Mike Johnson's Memorial Day deadline,' Katherine Tully-McManus reports. — And they got there: Early Thursday, House Republicans pushed through the megabill with a 215-214 vote, Katherine reports, noting it's 'a major victory for Speaker Mike Johnson, who largely kept his conference together after days of around-the-clock negotiations with holdouts.' One reason Wall Street is sweating BBB? It could hit big donors— A provision of the GOP tax bill imposes new taxes on large private foundations that would potentially slap the philanthropic efforts of industry heavyweights. 'They're looking at the elites versus the non-elites. There's a lot of money in foundations who would be defined as the elite, and therefore they like to see that money go elsewhere,' said Lawson Bader, the president and CEO of DonorsTrust, a donor-advised fund and 501(c)(3) that's a powerful force in Republican fundraising circles. This 'seems to be really nothing more than a money grab that is — I think — tinged with some political DNA that has me uncomfortable.' 'The time would seem to be right' — Trump said Wednesday that he is weighing taking mortgage giants Fannie Mae and Freddie Mac public after more than 15 years of government control, Victoria Guida reports. — 'Such a move would be a massive shift for the housing market, where Fannie and Freddie play a key role by buying mortgages from lenders and selling them as securities to investors. They back roughly half the $16 trillion mortgage market,' Victoria writes. Wall Street Bad day — Stocks fell and bond yields soared after a weak auction for 20-year Treasury notes, according to The Wall Street Journal. Worries about the U.S. fiscal outlook — which have been exacerbated by turmoil around the GOP budget bill — also weighed on investors. The dollar fell. 'The soft 20-year auction fueled additional weakness,' said Michael O'Rourke, chief market strategist at JonesTrading, per Bloomberg. 'It has been a theme all week, starting with the Moody's downgrade. Additionally, there is the deficit/budget debate being fought in the background of this environment.' No way — The Trump administration is brushing aside calls from Nvidia CEO Jensen Huang to ease restrictions on chip exports to China, Bloomberg's Michael Shepard and Edward Ludlow report. 'When it comes to inside China, I do think there is still bipartisan and broad concern about what can happen to these GPUs once they're physically inside' the country, said Sriram Krishnan, White House senior policy adviser for artificial intelligence. International Players Banff-em — Provisions of the tax bill would punish global companies headquartered in 'discriminatory foreign countries,' providing U.S. tax authorities broad discretion over what that means. At the G7 meeting in Banff, that bill language could reignite a battle over the global minimum tax rate that was agreed upon during President Joe Biden's administration, The NYT's Alan Rappeport reports. Golden age of systemic risk — Federal Reserve Bank of Boston economists are warning that the banking sector's ties to private credit could pose a risk to the U.S. financial system, according to The FT's Eric Platt. Crypto Stablecoin bill forges ahead — A landmark bill that would create a regulatory framework for dollar-pegged stablecoins garnered the support of three more senators during a procedural vote on Wednesday, Jasper Goodman reports. The motion to proceed passed 69-3. A vote on final passage is expected after the Memorial Day recess. — The bill's sponsors — Sens. Bill Hagerty (R-Tenn.), Cynthia Lummis (R-Wyo.), Tim Scott(R-S.C.) and Kirsten Gillibrand(D-N.Y.). — filed an amendment that would incorporate negotiated changes sought by pro-crypto Democratic holdouts, as well as a ban on interest-bearing stablecoins. Bitcoin bulls rejoice — The original cryptocurrency hit a new all-time high of more than $110,000 Wednesday. Per CNBC's Tanaya Macheel, crypto exchange Nexo's cofounder, Antoni Trenchev, attributed the jump to 'an array of favorable ingredients in the macro cauldron.' At the regulators New slate — Kristin Johnson became the last of the Biden-era Commodity Futures Trading Commission members to announce their intention to step down from the derivatives regulator, Declan reports. Her eventual exit will likely leave the Wall Street regulator with just one person on its usually five-member commission. Big lawsuit — Fidelity National Financial is suing over a Biden-era rule that requires people involved in real estate closings to report to Treasury's Financial Crimes Enforcement Network about all-cash sales or transfers of residential property to trusts or other legal entities, Michael Stratford reports. ODDS AND ENDS First in MM: New bond council — The Bond Dealers of America are launching a new Council on Bond Market Structure that's intended to advance market-driven solutions to market structure challenges facing both the institutional and retail bond markets. The initiative 'will focus on direct engagement with policymakers to ensure that regulatory policies keep pace with market evolution,' said the organization's CEO, Michael Nicholas. On The Hill Loeffler's congressional debut — Small Business Administrator Kelly Loeffler told the Senate Small Business Committee on Wednesday that she is committed to staffing field offices as the agency goes through a major restructuring and expects to lay off 2,700 employees, Katherine Hapgood reports. During Loeffler's first appearance before a congressional committee since her nomination, Democrats tore into her over SBA's comparison of the Biden administration and Trump administration's first 100 days in terms of small manufacturer loans, as well as tariffs and reducing staff while taking on the country's student loan portfolio. FIRM clears both committees — House Financial Services passed the FIRM act Wednesday, which Senate Banking passed in March, Katherine reports. The bill would eliminate reputational risk as a component of the supervision of depository institutions.
Time of India
26-04-2025
- Business
- Time of India
Is the memecoin mania affecting the credibility and future of crypto?
The Rise (Again) of Memecoins Live Events The Edgelord Problem When Liquidity Chases Noise Memes to Meaning: A Better Path Forward Building better on-ramps from memes to long-term products Establishing community norms that balance free expression with ethics Creating incentive designs that reward value, not just virality A Moment to Reflect (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Crypto has always been a space of contradictions — infrastructure meets speculation, innovation collides with memes, and open finance often rides waves of social virality. But few trends highlight this tension more starkly than the current memecoin mania Across major ecosystems like Solana, Base and countless others, memecoins have not only captured attention and liquidity, but also become the most visible on-ramp to Web3. This has triggered a broader debate: what kind of culture are we building — and how will it be perceived?Memecoins are nothing new. From $DOGE and $SHIBA to $PEPE, they've always existed at the intersection of humor, speculation, and community. But in the current cycle — particularly across Solana and Base — memecoins have reached an entirely new Solana, memecoins accounted for over 85% of new token launches in Q1 2024, driven by tools like that enable instant, low-cost deployment. At the peak of the frenzy, tokens like $WIF (Dogwifhat), $BOME, and $POPCAT were collectively driving over $3B in 24-hour trading volume, occasionally outpacing Solana's DeFi and NFT activity Base, an Ethereum L2, has experienced a parallel cultural wave. Its accessibility, strong Farcaster-native communities, and low fees have made it a magnet for memecoin experimentation. Projects like $DEGEN and $TOSHI have seen enormous traction, and on-chain data shows that Base saw some of its highest user activity and transaction volume during memecoin trading spikes in Q1 be clear — both Solana and Base are also home to serious developers, infrastructure teams, and long-term projects. But the current social layer of crypto is being shaped disproportionately by memecoin culture, and with that comes a set of deeper some corners of this trend, we've seen a sharp erosion of boundaries between meme-driven fun and cultural have been tokens launched referencing tragic real-world events, racial slurs, and disturbing figures. In one recent case, a token was launched immediately after the death of Pope Benedict XVI, trading on the back of the news as a meme. In another, the official Base Twitter handle (in a now-deleted tweet) leaned into the cultural moment by saying, "Twitter is for pimping, Farcaster is for building," — a line that some took as a tongue-in-cheek community signal, while others viewed it as emblematic of the market's shifting voices have raised concerns about this, pointing to how quickly memecoins with shock-value themes gain traction — even when there is no underlying value or intent beyond not just about being offended — it's about what kind of precedent this sets, and what kind of market behavior it are also second-order effects. As memecoins consume social attention, they pull liquidity away from foundational projects. Builders working on RWA protocols, identity layers, or public infrastructure may struggle to raise, hire, or scale — not because they aren't building value, but because the dopamine loop of memes crowds them consequence is that the crypto market begins to resemble a high-speed content economy, where the most outrageous ideas win — even if only for a moment. And when that moment ends, it often leaves retail users holding the bag, burned by pump-and-dumps or social regulators and institutions already struggling to differentiate speculation from substance, this doesn't be clear, memecoins are not inherently bad. In fact, they often serve as the first touchpoint for users who later explore DeFi, DAOs, and culture without structure risks drifting into chaos. If Web3 wants to onboard billions, it can't just be about attention — it must also be about means:Because credibility in crypto won't be determined just by what we build — it will be shaped by what we memecoin mania currently sweeping Solana, Base, and other networks is a powerful cultural signal. It shows what crypto is good at — speed, permissionless expression, viral it also shows what we still need — filters, principles, and leadership that guide this energy toward productive this cycle matures, the question isn't whether memecoins should exist. The question is: what comes after?: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Yahoo
13-03-2025
- Business
- Yahoo
6 Meme Coins That Broke the Internet — but Did They Hold Their Value?
Meme coins are cryptocurrencies that have gone from being internet jokes to creating serious financial buzz, but their explosive popularity is often followed by equally dramatic crashes. analyzed 50 meme coins and used search volume data to identify the most viral. The results show how these coins' popularity is tied to short-lived trends, and while they can definitely yield quick profits, their volatility can make them risky investments. Explore More: For You: So what are the most viral meme coins, and did they hold their value? Market cap: $24.9 billion Price: $0.1681 Average monthly search volume: 1,602,300 Dogecoin, the original and probably most memorable (thanks to its controversial relationship with Elon Musk) meme coin, was created in 2013 as a parody of bitcoin. While it's still the leader in the meme coin market, it still relies on hype, making it volatile. Read Next: Market cap: $7.2 billion Price: $0.00001229 Average monthly search volume: 526,050 Built on the Ethereum blockchain, shiba inu was inspired by dogecoin and even become known as the 'dogecoin killer,' though it hasn't managed to live up to that name. It has a loyal community thanks in part to having its own ecosystem with nonfungible tokens and decentralized exchanges. Market cap: $2.8 billion Price: $0.000006669 Average monthly search volume: 63,900 Pepe, inspired by the meme of Pepe the Frog, has maintained a strong internet presence, but its value fluctuates based on the same factors that drive other meme coins — viral moments and the whims of social media. Market cap: $811.4 million Price: $0.00001044 Average monthly search volume: 55,450 Bonk is a solana-based meme coin introduced in December 2022. Its strong grassroots following and decentralized ownership seem to have helped strengthen its value, helping it rebound from the periods of volatility that are expected with meme coins. Market cap: $454.9 million Price: $0.4554 Average monthly search volume: 13,970 Dogwifhat is another dog-based offering in the world of meme coins. After reaching an all-time high in March 2024, its value started to decline in November 2024, and it's continuing on a downward trajectory. Market cap: $288.5 million Price: $0.02916 Average monthly search volume: 10,700 Brett is based on a character from Matt Furie's 'Boy's Club' comics. Unlike many tokens, it's driven by community engagement, operating on a renounced contract, meaning no more tokens can ever be created. While some investors have struck lucky with meme coins, is it just that — luck? They exist in a different league compared with traditional cryptocurrencies, and they're generally seen as more of a gamble than an investment. For perspective, bitcoin — the leading crypto — costs about $82,755 per coin and holds a staggering $1.64 trillion market cap. Editor's note: Market cap figures and prices were sourced from CoinMarketCap and are accurate as of March 12, 2025. Average monthl search volume figures were sourced from More From GOBankingRates10 Most Expensive Meals in the WorldHere's the Minimum Salary Required To Be Considered Upper Class in 2025 This article originally appeared on 6 Meme Coins That Broke the Internet — but Did They Hold Their Value? Sign in to access your portfolio
