Latest news with #PetrKozyakov
Time of India
4 days ago
- Business
- Time of India
Memecoin market rockets $17 billion in a month — Solana launchpad hype fuels the fire
In July 2025, the memecoin market went up by $17 billion in just one month. The market cap rose from $55 billion on June 30 to $72 billion in July — that's a 29% increase. On Friday, the market cap jumped even higher to $79 billion, a 43% increase from June-end. At the time the article was written, the value had slightly dropped to $78.81 billion. The big reasons behind this jump were, hype around new memecoin presales. Strong support from online communities. A new launchpad for memecoins on Solana that got popular fast. Explore courses from Top Institutes in Select a Course Category Data Analytics Project Management Artificial Intelligence others PGDM Data Science Cybersecurity Management Others MCA Leadership Degree Design Thinking MBA Digital Marketing Technology Data Science Finance CXO healthcare Healthcare Product Management Public Policy Operations Management Skills you'll gain: Data Analysis & Visualization Predictive Analytics & Machine Learning Business Intelligence & Data-Driven Decision Making Analytics Strategy & Implementation Duration: 12 Weeks Indian School of Business Applied Business Analytics Starts on Jun 13, 2024 Get Details Different opinions in the crypto community Some people in crypto are happy and excited about the memecoin boom. Others think it's a bad sign and say it's hurting crypto's reputation. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo ALSO READ: From BTC to ETH: Retail traders flock to Ethereum as $4000 price target gains steam Anthony Anzalone – Against memecoins Anthony Anzalone the CEO of Xion blockchain said, memecoins are damaging the hard work of real builders in crypto. He said that even though the market cap is growing, it doesn't show real-life use of crypto. He also said that the more memecoins grow, the worse it is for the future of serious crypto projects. He said, 'inverse correlation between success of this industry and the memecoin market cap'. In his view, the money going into memecoins shows there's nowhere better for capital to go in crypto. Live Events S Community lead of Neiro memecoin S thinks memecoins are the most exciting and attractive part of crypto. S said that many memecoin projects like Pudgy Penguins, Floki, and Neiro are actually building new tech and showing maturity. According to S, memecoins are simple, fun, and easy to understand, unlike the complex VC-driven crypto tokens. S also said,'warriors in the trenches… rush to deploy capital'. ALSO READ: BlackRock goes big on crypto — adds $916 million in Bitcoin and Ethereum in just 16 days Petr Kozyakov– Neutral but notes bullish mood Kozyakov said that market mood is a big reason why memecoins are rising. He gave three reasons for the memecoin surge: The PUMP coin presale raised $500 million in minutes. Memecoins are easily available to normal retail investors. Bitcoin hit a new all-time high, making the market feel positive. Kozyakov didn't predict how big the memecoin market would get, but said that the mood is clearly bullish now. He also mentioned that memecoins are now a big part of crypto culture, with loyal fans backing them. A related report said that 1 in 6 new memecoins on Base are scams and 91% have vulnerabilities. FAQs Q1. Why did the memecoin market surge in July 2025? The memecoin market surged due to Solana's new launchpad, presale hype, and strong community support. Q2. Is the memecoin rise good or bad for crypto? Some say it boosts excitement, while others believe it harms crypto's serious reputation.
Yahoo
11-07-2025
- Business
- Yahoo
Defi Tokens Are Soaring, Leaving Behind OG Coins Like LTC, BCH and XMR
Bitcoin's surge to an all time high on Thursday evoked mixed reactions from altcoins, with some outperforming the largest cryptocurrency by market cap and others lagging behind. And that's split along industry lines. Tokens associated with decentralized finance (DeFi) and those from layer-2 blockchains are outperforming as investors transition to a risk-on approach. Others, such as tron (TRX), bitcoin cash (BCH), litecoin (LTC) and monero (XMR) are, in comparison, barely moving. Even solana (SOL), the darling of the previous drive to record highs, seems to be taking a back seat, rising just 3.9% while the likes of sei (SEI), ethena (ENA) and optimism (OP) are celebrating gains of as much as 28%. "Altcoins are leading the pack in this latest rally," Thomas Perfumo, Kraken's global economist, said in an email. A drop in bitcoin dominance is "reinforcing a broad-based rally with altcoins leading the charge." During the 2017 and 2021 runs to record highs, bitcoin dominance — a measure of BTC's share of the total crypto market —rose rapidly. On Thursday's rally, it fell to 63.5% from 64%, indicating a shift in emphasis toward the altcoin market Crypto markets are cyclical by nature. They run without interruption 24 hours a day against a backdrop of high volatility and low liquidity which can create an emotional trading environment. In previous cycles, altcoins often moved in unison, rising as bitcoin consolidated and dropping en masse when it rose or fell. This time, however, seems different, possibly due to the increased participation of institutions in the the industry. The rise in DeFi tokens can be attributed to increasing institutional interest in ether (ETH), which could pave the way for a search for yield with firms battling to secure the highest returns. The same can be said for layer-2 networks. As institutions run into the Ethereum blockchain's issues with latency and efficiency, they may consider networks like Arbitrum that allow liquidity to flow from decentralized exchanges to staking protocols at a fast rate. That network's ARB token is up 15% in the past 24 hours. Still, Petr Kozyakov, CEO at payments firm Mercuryo, said the rise in altcoins will be short-lived. "While altcoins are also in the green with Ethereum spiking past the $3,000 mark, the underlying 'orange pill' narrative remains steadfastly in place," he said. "Bitcoin's growing status as a store of value is one that more and more big players and institutions are simply unable to ignore." That's not a narrative that finds much support from Arthur Hayes, the BitMEX founder turned fund manager. 'Get ready for a monster alt season,' he told his followers on X after predicting that ETH would reach $10,000 this cycle. If Hayes' prediction holds true, bitcoin could face short-term difficulty as liquidity will inevitably flow into the altcoin market as traders attempt to capture speculative gains. This could also be a hammer blow to the old-school crypto coins, which all lack major catalysts for a boost. 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
