Tag: Memecoin

Who attended Trump’s memecoin dinner?

coiner

The top 220 holders of US President Donald Trump’s memecoin met yesterday at the president’s golf course in Virginia for an exclusive dinner and purported meet-and-greet. Attendees spent a grand total of $148 million for an “ultra-exclusive VIP reception with the president,” which crypto industry advocates and critics alike saw as a potential opportunity to discuss crypto policy with the president.  The crowd contained a number of foreign crypto executives and influencers who otherwise would not have access to the US president, raising questions around corruption and foreign influence.  Concerns…

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Meet Brett: The Biggest Star of the Memecoin Universe on Base

coiner

The memecoin Brett is totally dominating the ecosystem on the Base blockchain. With a dedicated community and strong momentum, Brett might soon enter the top 3 of the entire memecoin ecosystem. Inspired by the iconic character from Matt Furie’s Boys’ Club comics, Brett has emerged as a dominant force in the memecoin ecosystem. This playful […] Source link

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Ethereum gas fees cool down after May memecoin frenzy

coiner

The average gas fee — transaction fee — on the Ethereum network has cooled substantially in the first week of June after reaching a multimonth high in May, owing to the memecoin frenzy and much maximal extractable value (MEV) bot activities.  The average gas fee has decreased to $7.34, an almost one-third drop from last month’s high of $20. In terms of gwei — a denomination of Ether (ETH) that represents one-billionth of one ETH — the daily median gas price has decreased to 24 gwei from a peak of…

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Memecoin sends BTC fees to the moon, miner profits top $50B…

coiner

Top Stories This Week Memecoin hype drives Bitcoin transaction fees to multi-year highs The ongoing trading frenzy of memecoins like Pepe has triggered an unwanted consequence for Bitcoin (BTC) — raising its transaction costs to their highest point in two years. On May 3, the total amount of fees paid on the Bitcoin blockchain reached $3.5 million, jumping about 400% from late April. Bitcoin’s BRC-20 token standard has become the latest trend in the crypto ecosystem amid the rise of memecoins. A total of 8,500 different tokens have been minted…

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