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Cryptocurrency News Articles
Memecoins Roar Back Into Momentum, Fartcoin Surges 27% As Inflation Data Cools, Trump Moots Pro-Crypto Moves
Jan 16, 2025 at 12:42 pm
Memecoins roared back into momentum on Wednesday amid a broader rally supported by encouraging inflation data and Donald Trump's pro-cryptocurrency moves.
Memecoins made a strong comeback on Wednesday, supported by encouraging inflation data and Donald Trump's pro-cryptocurrency moves.
Fartcoin, an unusual meme coin, surged over 27% in the last 24 hours, making it the biggest meme coin gainer.
The Solana-based token had amassed a market capitalization of $1.24 billion at the time of writing, with trading volumes increasing by 26% in the last 24 hours.
After fartcoin, another popular community-driven Solana meme coin called dogwifhat, which is based on a meme featuring a dog wearing a hat, also experienced a surge in value.
The billion-dollar-valued cryptocurrency pumped 11%, while its trading volume jumped 75%.
PENGU, the official coin of the popular non-fungible token collection Pudgy Penguins, gained 9.76% to reach a market capitalization of $2.16 billion.
Meme coin heavyweights like Dogecoin and Shiba Inu also gained momentum, rising 3.63% and 2.58%, respectively.
Moreover, Ethereum-based frog-themed coin Pepe and cat-themed Popcat, which was one of 2024's biggest gainers, also rallied, jumping 6% and 7.88%, respectively, in the last 24 hours.
The total meme coin market capitalization increased by 4.83% to reach $106.94 billion, while the overall volume surged by 27.81% to hit $10.74 billion.
The upsurge in meme coins coincided with slower-than-expected growth in core inflation, which was seen as a net positive for risk-on assets.
Additionally, a report indicated hopes for clear cryptocurrency regulations under new SEC leadership in the Trump administration.
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- Ozak AI Stands Aside as a Project with Real-world Applications, Leveraging Artificial Intelligence to Convert Blockchain Technology
- Apr 03, 2025 at 07:05 pm
- Hype-driven tokens frequently dominate the market, attracting waves of speculative buyers chasing brief income. Meme coins, specifically, have built a popularity for explosive increase observed by similarly dramatic crashes, leaving many traders with widespread losses.
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- Democratic Lawmakers Press the SEC to Investigate President Trump's Connections to World Liberty Financial
- Apr 03, 2025 at 06:55 pm
- Democratic lawmakers are pressing the Securities and Exchange Commission (SEC) for details about President Donald Trump's connections to cryptocurrency firm World Liberty
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- TRON founder Justin Sun alleges that First Digital Trust (FDT) is “effectively insolvent” and unable to fulfill redemption requests.
- Apr 03, 2025 at 06:50 pm
- Sun’s statement follows reports that he intervened to support TrueUSD (TUSD) after it was revealed that $456 million of its reserves were illiquid.
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- Collecto, the Web3 startup focused around offering fractional ownership of exclusive items such as modern art, luxury watches, etc., has successfully closed its €2.8 million seed-funding round.
- Apr 03, 2025 at 06:50 pm
- This seed funding round comprises of €2.3 million in equity financing, with rest of €500,000 being funded by Italy’s Ministry of Economic Development through its “Smart&Start Italia” program – which supports innovative startups.
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