Latest news with #Fartcoin
Yahoo
14 hours ago
- Business
- Yahoo
Top Pump.Fun Ecosystem Tokens Tumble Amid Reports of $1B Fundraise
Fart-powered joke tokens suddenly weren't so funny for crypto traders on Tuesday. A basket of the largest ecosystem tokens faded from recent highs after Blockworks reported the Solana-based launchpad is pitching a $1 billion token sale that would value the project at roughly $4 billion. Sources told Blockworks the sale could close within weeks, though details on tokenomics remain launched on the platform slipped amid the news. Fartcoin (FARTCOIN), the largest Pump-launched token by market capitalization, dropped 7%. Peanut the Squirrel (PNUT), Moo Deng (MOODENG) and Goatseus Maximus (GOAT) gave back as much as 6%, while Alchemist AI (ALCH) — the big gainer on Monday — flipped red after an early 25% pop. The moves wiped about $150 million in aggregate value, trimming but not erasing the sector's outsized weekly gains. A billion-dollar raise means a new Pump token and, potentially, a fresh supply. Even if the deal channels cash back to users later, traders worry about a flood of 'farm-and-dump' flows hitting the very memecoins the platform helped create. Deeper concerns, however, spread across crypto circles on X as developers and traders questioned the need of a mammoth fundraise. 'Why does pump need to raise 1bn tho? how is it gonna invest that for growth if it already has made 675m and hasnt spent that either what are they planning to do with 1bn?,' DeFiLlama founder @0xngmi wrote. 'The Pump guys went through an accelerator, raised a small round, then proceeded to make almost a BILLION in revenue in 1 year and got a 4B valuation to raise another 1B,' said Mert Mumtaz, founder at Helius, 'Those are simply insane numbers in an insane amount of time.' Only three weeks ago tried to sweeten the pot users looking to issue tokens using the platform by handing 50% of PumpSwap fees — or five basis points of every trade — straight to token creators. At the time, founder Alon Cohen pitched the change as a way to eliminate rinse-and-dump behavior: If developers earn recurring fees, they don't have to dump their own coin on the community. 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
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
Yahoo
3 days ago
- Business
- Yahoo
Crypto's Weekly Winners: From Privacy Coins Breaking Records to Meme Tokens Staging Epic Comebacks — The 5 Hottest Performers You Need to Know
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The cryptocurrency market continues to show significant volatility, with several tokens posting impressive weekly gains. Here's a breakdown of the top performers and what's driving their momentum: Price Movement: $1.20 → $1.44 (20% weekly gain) Fartcoin has gained 20% over the past week, though it's beginning to show signs of profit-taking after an extraordinary run. The meme token has surged over 700% from its March lows of $0.20 to a peak of $1.64, representing one of the most spectacular rallies in the meme coin sector this year. Key Considerations: As with all meme coins, FARTCOIN carries extreme volatility risk. The recent pullback from highs suggests some investors are taking profits after the massive rally. Retail investors should be particularly cautious given the speculative nature of these assets. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – . Price Movement: $337 → $411 (20% weekly gain) Monero continues its impressive performance, repeatedly setting new all-time highs. The privacy-focused cryptocurrency has gained 20% this week, demonstrating sustained institutional and retail interest. About Monero: Launched in 2014, Monero is designed specifically for private, anonymous transactions. Unlike Bitcoin, where all transactions are publicly visible on the blockchain, Monero uses advanced cryptographic techniques including ring signatures, stealth addresses, and RingCT to obscure transaction details. This makes it nearly impossible to trace the sender, receiver, or transaction amount. Market Context: Monero's strength comes during a period of increased focus on financial privacy and regulatory scrutiny of traditional cryptocurrencies. However, its privacy features have also led to delisting from some major exchanges due to regulatory concerns in certain jurisdictions. Price Movement: $1.07 → $1.40 (30% weekly gain) Worldcoin has posted a solid 30% gain this week, recovering from previous lows and showing renewed investor interest. About Worldcoin: Founded by OpenAI CEO Sam Altman, Worldcoin aims to create a global identity and financial network accessible to everyone. The project's core innovation is its 'proof of personhood' system, which uses iris-scanning technology through a device called 'The Orb' to verify unique human identity without storing personal data. The protocol distributes WLD tokens to verified humans as a form of universal basic income. The project has faced regulatory scrutiny in several countries over privacy concerns related to biometric data collection, but continues to expand its verification network globally. Trending: New to crypto? on Coinbase. Price Movement: $0.64 → $0.86 (34% weekly gain) SPX6900 joins the meme coin rally with a 34% weekly gain, though like many meme tokens, it remains significantly below its all-time highs. Market Reality Check: Despite this week's gains, SPX and similar meme coins have fallen 80-90% from their previous peaks, highlighting the extreme volatility inherent in this sector. The recent uptick appears to be part of a broader meme coin revival, but investors should note that these tokens can lose value just as quickly as they gain it. Risk Assessment: Meme coins like SPX6900 are purely speculative investments driven primarily by social media sentiment and community engagement rather than fundamental utility or adoption. Price Movement: $26.00 → $36.30 (38% weekly gain) Hyperliquid tops this week's gainers with a 38% surge, reaching new all-time highs above the previous December peak of $35.70. About Hyperliquid: Hyperliquid is a decentralized perpetual futures exchange built on its own Layer 1 blockchain. The platform differentiates itself through several key features: High Performance: Claims to process over 20,000 orders per second with sub-second finality Decentralized Architecture: Operates without traditional intermediaries while maintaining institutional-grade performance Native Token Integration: HYPE serves as both the platform's governance token and is used for transaction fees and staking rewards Professional Trading Tools: Offers advanced order types, leverage up to 50x, and institutional-quality infrastructure Recent Catalyst: The price surge appears driven by increased social media attention from influential trading accounts showcasing successful trades on the platform. This organic marketing through demonstrated results has attracted both retail and institutional traders to the exchange. Competitive Landscape: Hyperliquid competes with established players like dYdX and Perpetual Protocol in the decentralized derivatives space, but its focus on performance and user experience has helped it carve out market share. This week's top gainers represent a mix of established privacy coins (Monero), emerging infrastructure projects (Hyperliquid, Worldcoin), and speculative meme tokens (Fartcoin, SPX6900). The diversity suggests broad-based interest across different crypto sectors rather than concentration in a single narrative. Key Takeaways: Privacy coins continue showing strength amid regulatory uncertainty Infrastructure tokens with real utility are attracting sustained interest Meme coins remain highly volatile but are experiencing renewed speculative interest Social media influence continues to drive significant price movements Risk Considerations: All cryptocurrencies carry significant volatility risk Meme coins are particularly speculative and can lose value rapidly Regulatory changes could impact privacy coins and new projects Past performance does not guarantee future results Read Next: A must-have for all crypto enthusiasts: . Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Image: Shutterstock Send To MSN: 0 This article Crypto's Weekly Winners: From Privacy Coins Breaking Records to Meme Tokens Staging Epic Comebacks — The 5 Hottest Performers You Need to Know originally appeared on
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.
Yahoo
16-05-2025
- Business
- Yahoo
Fartcoin Nets Trader $7 Million In Unrealized Gains, But He Refuses To Cash Out: 'It Is Priming For THE Move'
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Fartcoin (CRYPTO: FARTCOIN) has surged 57% over the past month, drawing traders' attention, who predict the run to continue. What Happened: In an X post on May 13, prominent trader Unipcs gave his first update in three weeks, revealing that his long Fartcoin position has grown to $7.1 million, up $2 million since mid-April. Despite major accounts calling for a tos, he's stayed the course. Generational wealth comes not from entries, he said, but from holding through fear and volatility. He emphasized the importance of conviction, especially when tested by noise and short-term sentiment. Don't Miss: Trade crypto futures on Plus500 with up to $200 in bonuses — no wallets, just price speculation and free paper trading to practice different strategies. Grow your IRA or 401(k) with Crypto – unlock the power of alternative investments including a Crypto IRA within your retirement account. Unipcs says Fartcoin's current setup looks "explosive across multiple timeframes" and believes a breakout beyond previous all-time highs is only a matter of time. "I'll continue holding my long," he affirmed. Fartcoin continues to outperform major meme coins like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB), drawing new capital and speculation. As it hovers near critical technical levels, all eyes are on whether it can maintain momentum and deliver the next leg up. What's Next: Crypto trader Ameba sees a high-probability setup: "If Fartcoin flips the Monday Range, this could turn into a full macro swing." He recommends zooming out, noting the broader structure looks ready to break higher. Another trader has doubled down on his position, stating the coin is currently testing a key support/resistance flip, which could send it beyond $2 if it Capital says Fartcoin's short-term setups are some of the best in any altcoin right now, adding that even average traders can profit handsomely just by playing this one coin. Read Next: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and making your first qualifying trade on Coinbase. A must-have for all crypto enthusiasts: Sign up for the Gemini Credit Card today and earn rewards on Bitcoin Ether, or 60+ other tokens, with every purchase. Image: Shutterstock Send To MSN: Send to MSN This article Fartcoin Nets Trader $7 Million In Unrealized Gains, But He Refuses To Cash Out: 'It Is Priming For THE Move' originally appeared on
