The Frog (FROG) news

Why Meme Coins Pump and What You Should Look for in 2025

Meme coins have become a unique and sometimes controversial part of the cryptocurrency world. While they may have started as jokes, some, like Dogecoin and Shiba Inu, have seen meteoric rises fueled by viral interest. In recent years, meme coins have attracted investors from all walks of life, drawn in by the low price, high potential returns, and the allure of community-driven value. But what really causes these coins to pump, and what should investors keep an eye on as we move into 2025 in a few months? Create your Bitget account to explore the potential of meme coins High Returns, High Risks: Exploring the Meme Coin Market of 2024 As of November 2024, the meme coin market saw a dramatic increase in popularity and volatility, with market capitalization reaching nearly $70 billion, close to its all-time high. Meme coins, often inspired by internet culture, attracted significant attention due to their viral appeal and speculative nature, leading to almost 170% growth in the first quarter alone. Most of these tokens were launched in 2024, with 75% of all existing projects emerging within the year. Meme Coins Market Cap Source: CoinMarketCap Ethereum remains the primary blockchain for meme coins, hosting the majority of high-cap tokens, while BNB Chain and Solana also support a growing number of projects. High liquidity and trading activity mark this market, with meme coins boasting a turnover ratio of 77%, a stark contrast to Bitcoin’s 1.8% according to BDC Consulting. However, the market’s rapid expansion also brought high failure rates: 97% of meme coin projects have collapsed due to a lack of innovation, susceptibility to pump-and-dump schemes, and an absence of long-term value. Annual Turnover Ratio for Meme Coins and BTC Source: BDC Consulting For investors, meme coins present both an opportunity and a risk, especially as economic uncertainties drive people toward alternative investments. Yet, the high rate of project failures highlights the speculative nature of this market. Many investors raise questions about the sustainability of meme coins, emphasizing that most lack fundamental value and are prone to volatility. Why Meme Coins Go Viral: Top 4 Reasons Explained 1. Community Hype Meme coins thrive on community spirit. Platforms like Reddit, X (Twitter), and Discord have groups dedicated to boosting the visibility of their favorite meme coins, encouraging “HODL” (holding on despite price drops) and community purchasing to boost prices. This network effect creates a self-fulfilling prophecy: the more people join, the higher the demand, leading to price increases. For example, Shiba Inu gained massive popularity due to its highly active community, often referred to as the "SHIB Army." With frequent social media campaigns, SHIB supporters encouraged others to buy and hold, creating a powerful network effect. 2. Celebrity Endorsements Some of the most significant meme coin price surges have been linked to endorsements or mentions from high-profile celebrities. Elon Musk, for instance, has famously tweeted about Dogecoin, causing its price to spike instantly. When a celebrity or influencer shows support, it creates a domino effect where followers buy in, causing prices to rise even further. 3. Market Sentiment The general mood in the cryptocurrency market affects meme coins profoundly. In a bullish market, when investors are optimistic and willing to take risks, meme coins tend to gain traction faster. During bearish or uncertain times, however, meme coins often experience sharp drops, as they’re seen as speculative investments that might not hold value long-term. Released in a market period of renewed interest in altcoins and meme coins, Pepe Coin gained traction quickly in 2023. Capitalizing on the familiar “Pepe the Frog” meme, PEPE was able to ride the wave of bullish sentiment around speculative assets, seeing significant price growth in a short time as the overall market conditions supported more risky, high-reward assets. 4. Low Entry Barrier Meme coins are often priced low, making them accessible to retail investors who may be intimidated by the prices of established cryptocurrencies like Bitcoin or Ethereum. This low entry barrier makes it easy for people to buy large quantities of meme coins, creating high trading volumes and potential price increases as demand rises. Floki Inu became a popular choice for retail investors due to its low price per coin. Named after Elon Musk’s dog, the coin saw a surge in interest among people looking for a “low-cost Dogecoin alternative.” FLOKI's low entry point made it accessible to many retail investors who wanted to buy large quantities at a low cost, leading to high trading volumes and pumps in its value as demand soared. Key Factors to Watch for Meme Coins in 2025 Community Engagement: Look for meme coins that maintain a strong and active community. In 2025, community size and loyalty will remain essential drivers of meme coin success. Coins with active Reddit forums, social media discussions, and grassroots events often see more organic growth. Innovation and Utility: While many meme coins remain purely speculative, some projects are starting to explore real-world use cases. In 2025, meme coins that pivot towards adding utility—whether through partnerships, integrations, or innovative functionalities—will likely stand out. These may appeal to investors looking for something beyond hype alone. Strategic Partnerships and Endorsements: Partnerships or endorsements can boost the legitimacy of a meme coin and help separate it from the many “pump and dump” schemes in the space. Look for meme coins backed by credible organizations or that secure partnerships with businesses. Market Conditions: The overall crypto market condition in 2025 will play a significant role. In a strong bull market, meme coins could see higher returns as investors take risks. Conversely, in a bear market, meme coins may see less interest. Understanding the macroeconomic climate and overall crypto trends will help gauge the level of risk involved. Regulatory Landscape: With increasing scrutiny, 2025 may see more regulations on cryptocurrencies, especially in speculative assets like meme coins. While this could dampen growth, some meme coins could benefit by establishing a reputation for compliance, making them safer bets. Solana and Meme Coins: A Perfect Match for Crypto Hype Since its launch in March 2020, Solana has grown into one of the most promising platforms in the crypto world. Recently, it hit a record of 123 million active addresses, showcasing the power of its fast and affordable transaction model. This growth isn’t just numbers—it reflects how Solana has become a top choice for projects with high engagement, especially in the meme coin space. With meme coins gaining traction faster than ever, Solana’s infrastructure makes it ideal for these high-volume, community-driven tokens to thrive. Platforms like Pump.fun have already helped launch over a million tokens, sparking excitement and giving users easy access to create and trade meme coins. Meme coins on Solana, like BONK, have shown how community and airdrops can drive massive interest and quick adoption, building hype across social media. High-profile endorsements and low entry barriers have also drawn in a broader audience, with many looking for the next big trend. Solana is well-positioned to lead the meme coin market, blending its strengths in speed, accessibility, and community engagement. For investors, this could mean that Solana-based meme coins are where the next big opportunities in crypto lie. Potential Risks Volatility: Meme coins are notorious for their extreme price volatility. While pumps can bring significant returns, they’re often followed by sharp drops. Investors should consider this and be ready for potential price swings. Lack of Intrinsic Value: Many meme coins lack intrinsic value and are driven primarily by hype. They often don’t have the robust infrastructure or technological backing of major cryptocurrencies. This means they’re highly speculative investments, and investors could lose most of their value if the hype dies down. Regulatory Crackdowns: If governments enforce stricter regulations, meme coins might face limitations in trading or promotions. Regulatory action can impact liquidity and perceived legitimacy, influencing price stability. Conclusion Meme coins represent a high-stakes opportunity in the ever-evolving world of cryptocurrency. As we approach 2025, the landscape will be shaped by a mix of community influence, innovation, and regulatory developments. While these meme coins can offer significant returns, they come with considerable risks due to their speculative nature and lack of intrinsic value. Investors must stay vigilant, informed, and prepared to navigate this volatility. Ultimately, investing in meme coins should balance optimism with a careful assessment of the potential downsides. If approached thoughtfully, these investments may have a place in a diversified portfolio, but always remember: the meme coin market is as unpredictable as it is exciting. Sign Up With Bitget Today and Claim Your $200 Welcome Gift! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Raise, Travel, And Earn With Travel Frog (FROG)

What Is Travel Frog (FROG)? Travel Frog (FROG) is the pioneering AI-Adventure-Versus-Game on TON that features a unique Travel-to-Earn (T2E) model. It merges the charm of virtual pet simulators with immersive storytelling and Blockchain technology by allowing players to raise a virtual pet frog and embark on global adventures to earn rewards. The game incorporates cutting-edge AI and large language models to create personalised experiences for each player. With true asset ownership on the TON blockchain, players can securely trade and own their in-game assets. Who Created Travel Frog (FROG)? Travel Frog (FROG) was developed by a team of seasoned professionals in blockchain and Web3.0. The team includes Tom, CEO and Co-founder of Hit; Helen, CTO with over a decade in blockchain and Web3.0 and a technical adviser at Google; and Luna, Business Development Manager with over eight years of experience in the crypto market, having worked at Bitget, GATE, Coinbase, and OKX. How Travel Frog (FROG) Works AI Integration Travel Frog leverages advanced artificial intelligence (AI) and large language models (LLMs) for a dynamic and immersive gameplay experience. The AI algorithms generate unique narratives, characters, and interactions for each player's frog to make sure that no two adventures are the same - a personalisation that adds depth to the game and makes each player's journey distinct and engaging. The AI-driven content includes personalised postcards, stories of the frog's encounters, and the challenges it faces, all contributing to a rich and evolving game world. Blockchain-Based Ownership All game assets in Travel Frog, including frogs, items, and rewards, are securely stored on the TON blockchain. This ensures true ownership, transparency, and tradability of in-game assets. Players have full control over their digital possessions, which can be bought, sold, or traded with other players. The use of blockchain technology guarantees that these assets are unique and cannot be duplicated as a secure and decentralised way to manage and transfer ownership. This ownership model therefore empowers players by giving them a tangible stake in the game’s ecosystem. Engaging Gameplay Loop The core gameplay loop of Travel Frog is designed to be engaging and rewarding. Players start by nurturing their frogs, providing food, water, and care to keep them healthy and happy. Once the frogs are prepared, players send them on exciting adventures where they explore various destinations. During these travels, frogs encounter different scenarios, collect souvenirs, and send back personalised postcards. Players eagerly anticipate their frogs' return, as they bring back treasure chests filled with rewards. This cycle of care, adventure, and reward keeps players invested in the game, creating a compelling and continuous engagement. Fusion Of AI, LLM, And Telegram To Create Dynamic Narratives Travel Frog seamlessly integrates AI, LLM, and Telegram to create a highly immersive and story-driven experience. The AI and LLM generate dynamic, personalised narratives and interactions for each frog for an enhanced emotional connection between players and their virtual pets. Telegram integration allows players to interact with their frogs in real-time, receive updates, photos, and messages directly through the messaging app. This integration not only makes the game more accessible but also fosters a sense of community and engagement among players. The use of Telegram ensures that players have a much better overall gaming experience because they can now easily stay connected to their frogs and the game simultaneously. Tokenised Economy Travel Frog features a robust and sustainable multitoken economy to drive player engagement and providing various ways to earn and spend in-game currency. The native tokens include Clover, Diamond, and Frog Coin (ticker: FROG). Clover is used for basic in-game transactions, purchasing items, and participating in adventures. Players can earn Clover by logging in daily, completing quests, and inviting friends. Diamond is a premium currency that can be used for special in-game purchases, unlocking exclusive items, and participating in events. Diamonds can be bought with real money or earned through gameplay achievements. Frog Coin is the primary cryptocurrency in the Travel Frog ecosystem, used for high-value transactions, staking, and governance. Players can earn Frog Coin by opening chests brought back by their frogs, participating in events, and through staking rewards. Frog Coin can also be traded and transferred between players, creating a vibrant in-game economy. The tokenomics of Travel Frog ensure a balanced and fair distribution of rewards, with mechanisms in place to control inflation and maintain the value of Frog Coin. Deflationary measures, such as burning a portion of transaction fees and event rewards, help to reduce the overall supply and increase the scarcity of the tokens, thus driving up their value over time. FROG Tokenomics The FROG token is central to the Travel Frog ecosystem. It serves as the primary currency for in-game purchases, staking, and governance. The total supply of FROG tokens is 30 million, with allocations for gameplay rewards (66.7%), liquidity (6.7%), community airdrops (3.3%), team holdings (3.3%), private investors (10%), and VC investment institutions (10%). Gameplay rewards make up the largest portion so that active players are generously rewarded for their engagement. Liquidity provisions facilitate smooth transactions and provide stability, while community airdrops are designed to attract new players and foster growth. Team and investor allocations are structured with vesting schedules to align long-term interests. Deflationary measures reduce the overall token supply to increase scarcity and value. Created by a team of blockchain and Web3 experts, Travel Frog offers players a unique "Travel to Earn" experience as well as joys of virtual pet care. Dive into the world of Travel Frog and start your adventure today! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

SPIKE (SPIKE): The Latest Solana Meme Coin that Pays Homage to the Origin of Pepe the Frog

What is SPIKE (SPIKE)? SPIKE (SPIKE) is a meme coin that is inspired by the first documented drawing by Matt Furie, the creator of Pepe the Frog. This piece of art, known as "Spike," is considered Matt's most coveted work and the origin of his other creations, including Pepe. Pepe the Frog has been a significant cultural icon in the meme world, which lends a certain level of credibility and charm to SPIKE. Who Created SPIKE (SPIKE)? One of the most intriguing aspects of SPIKE is that its creator remains unknown. What VCs Back SPIKE (SPIKE)? Another noteworthy point about SPIKE is that it didn't have any venture capital backing. How SPIKE (SPIKE) Works As a meme coin, SPIKE thrives on community engagement, viral marketing, and the power of memes. The community's active participation contributes to its market presence and adoption. Because of the strong community, SPIKE boasts a market capitalization of $17.46 million and a robust 24-hour trading volume of $3.99 million. The meme coin is based on the Solana blockchain, renowned for its high speed and low transaction costs. This choice of blockchain not only facilitates fast transactions but also reduces transaction fees compared to other platforms, enhancing the user experience. SPIKE has implemented stringent security measures. The abandonment of both contract and LP permissions enhances security by eliminating potential vulnerabilities associated with centralized controls. This decentralized approach aligns with the broader ethos of cryptocurrency, prioritizing user autonomy and security. SPIKE Goes Live on Bitget SPIKE exemplifies the evolving landscape of meme coins, combining cultural relevance with technological innovation. As the meme coin wave on Solana continues to grow, SPIKE’s narrative as a community-driven, secure, and engaging digital asset positions it uniquely within the broader crypto ecosystem. Join the growing community of SPIKE by trading the meme coin on Bitget today! How to Trade SPIKE on Bitget Listing time: 15 July 2024 Step 1: Go to SPIKEUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell Trade SPIKE on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

PENG (PENG): The Coolest New Kid on Solana's Meme Coin Block

What is PENG (PENG)? PENG (PENG) is a penguin-themed meme coin on Solana. Its PENG penguin image combines the charm of a penguin with a hint of the iconic Pepe the Frog. How PENG (PENG) Works Unlike traditional cryptocurrencies that boast an array of specific use cases and detailed ambitious roadmaps, PENG is a memecoin that is community-driven. PENG has taken proactive steps to build trust within the community. Despite the absence of a conventional roadmap and public tokenomics, PENG has demonstrated its dedication to decentralization through tangible actions. Here's how it works: ● No Transaction Taxes: One of the standout features of PENG is its zero transaction tax policy. Unlike many other tokens that impose fees on transactions, PENG allows users to trade freely without worrying about additional costs eating into their profits. The absence of transaction taxes not only makes PENG more attractive for traders but also encourages increased liquidity and trading volume within the ecosystem. ● Revoked Mint Freeze Function: PENG has already taken steps to ensure its community has full control over the token's supply. By revoking the mint and freeze functions, the supply of PENG tokens is transparent and stable for investors. With this, PENG holders can have more confidence in the token's scarcity and value proposition. ● Burned Liquidity: In a further display of its commitment to decentralization, PENG has burned its liquidity. This means that the pool of tokens set aside for liquidity purposes has been permanently removed from circulation, reducing the risk of manipulation and ensuring a fair distribution of value. ● Community Engagement: PENG isn't just about trading; it's about building a community. Through initiatives like the Random Peng Avatar Generator, users can express their support for PENG in creative ways. This fun feature allows users to generate their own unique avatars with PENG the penguin, which they can use to express their support for PENG across social media platforms and online forums. By fostering a sense of belonging and camaraderie among its community members, PENG aims to create a vibrant and dynamic ecosystem that thrives on collaboration and creativity. PENG Goes Live on Bitget With its unique features and community-driven approach, PENG offers an exciting opportunity for traders to engage in a vibrant and dynamic market. Bitget provides a secure and reliable platform for users to buy, sell, and trade PENG with ease, ensuring peace of mind and confidence in every transaction. Additionally, Bitget's intuitive interface and robust trading tools empower traders to make informed decisions and maximize their profits. Whether you're a seasoned investor or a newcomer to the crypto space, Bitget offers the perfect environment to explore the possibilities of PENG and unlock its full potential. How to Trade PENG on Bitget Step 1: Go to PENGUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell. PENG represents a fresh and exciting approach to meme coins on the Solana blockchain. With its cute mascot, zero transaction taxes, and strong emphasis on community engagement, PENG is quickly gaining traction among crypto enthusiasts looking for something different. Trade PENG on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Pepe Coin (PEPE): The Rising Star in the Meme Coin Universe

Have you ever wondered what happens when internet memes combine with the world of cryptocurrency? Enter Pepe Coin, a meme coin phenomenon that's capturing the imagination of the crypto community. The project stands out with its unique blend of humor and investment potential. This article takes you on a journey through the vibrant world of Pepe Coin, exploring its origins, features, and the reasons behind its meteoric rise in popularity and market value. What is Pepe Coin? Pepe Coin, or PEPE, is more than just a digital currency; it's a cultural phenomenon. Born as an ERC-20 meme coin, Pepe Coin is a tribute to the widely recognized “Pepe the Frog” meme by Matt Furie. This meme, which began as a simple comic character, has evolved into a symbol of internet culture, making Pepe Coin an instant hit in the meme-loving crypto community. Launched in April 2023, Pepe Coin quickly captured the attention of investors and enthusiasts, skyrocketing to a market capitalization of over $1.6 billion in May 2023. Consider investing in Pepe Coin (PEPE) ? It only takes 2 minutes to create an account on Bitget and start trading PEPE. Unlike traditional cryptocurrencies, Pepe Coin's value and appeal don't stem from its technological prowess or utility. Instead, it thrives on its cultural significance and the speculative buzz it generates. Its creators, remaining anonymous, have tapped into the meme's popularity, creating a token that resonates with a broad audience. This approach has allowed Pepe Coin to carve out a unique niche in the crowded cryptocurrency market, where it stands as a testament to the power of internet culture in shaping investment trends. How Does Pepe Coin Work? At its core, Pepe Coin operates on the Ethereum blockchain, benefiting from its robust and secure infrastructure. This choice of blockchain ensures that Pepe Coin transactions are processed with the same level of security and efficiency as other prominent ERC-20 tokens. However, what sets Pepe Coin apart are its distinctive features designed to appeal to both crypto enthusiasts and meme fans. Firstly, Pepe Coin employs a deflationary mechanism, a strategy increasingly popular in the cryptocurrency world. With each transaction, a small percentage of the tokens involved is permanently removed from circulation. This burning process gradually reduces the total supply of PEPE, potentially increasing their scarcity and value over time. Such a mechanism is particularly appealing to investors looking for tokens with a potential for long-term appreciation. In addition to its deflationary nature, Pepe Coin also incorporates a redistribution system. This system rewards Pepe Coin holders by sharing a portion of every transaction among them. This not only incentivizes holding this meme coin as a long-term investment, but also fosters a sense of community among its users. Moreover, Pepe Coin's no-tax policy ensures that transactions are free from additional fees, making it an attractive option for users seeking financial freedom and privacy in their crypto dealings. Market Performance and Community Engagement Pepe Coin's market performance has been extraordinary. Within 18 days of its launch, it experienced a 7,000% increase in value, reaching a market cap of $1.67 billion. This impressive growth can be attributed to its strategic listings on major cryptocurrency exchanges such as Bitget and its viral popularity on social media platforms. The market capitalization of Pepe Coin reached $1.67 billion on May 05, 2023. Source: CoinmarketCap The strength of the Pepe Coin community is a key factor in its success. Boasting over 529,000 followers on Twitter as of December 2023 and a significant presence on Telegram, Reddit, and Discord, the community's passion and enthusiasm are vital in driving the meme coin's popularity. Future plans, such as the launch of a Pepe Academy and merchandise, are set to further expand the Pepe Coin ecosystem and solidify its position in the crypto market. Ever wondered how meme coins went from internet jokes to serious investments? You have to check out our latest article: From Jokes to Jackpots: A New Era of Meme Coins on Bitget . Investment Considerations and Future Outlook Investing in Pepe Coin comes with inherent risks typical of meme coins. Its value is speculative, and the absence of a traditional economic model categorizes it as a high-risk, high-reward investment. Investors should thoroughly research and assess their risk tolerance before investing. The future of Pepe Coin depends on its ability to maintain its unique charm and differentiate itself in the competitive meme coin market. With a dedicated community and innovative approach, Pepe Coin has the potential to continue its impressive trajectory in the cryptocurrency world. Closing Thoughts Pepe Coin represents the latest chapter in the meme coin saga, capturing the attention of the crypto community with its unique features and strong social media presence. Despite its volatility and speculative nature, the coin's rapid ascent and enthusiastic community underscore its potential as a significant player in the meme coin sector. As the world of cryptocurrency continues to evolve, Pepe Coin stands as a vibrant example of how cultural phenomena can shape and influence the market. Will Pepe Coin continue to ride the wave of its early success, or will it become a fleeting chapter in the ever-changing story of digital currencies? Disclaimer: All investment strategies and investments are subject to the risk of loss. Nothing contained in this article should be construed as investment advice. Users are strongly advised to do their due diligence and invest at your own risk.

Why Are Memecoins So Popular? A Deep-Dive

Seen as a disdain by many crypto advocates, memecoins are indeed an indispensable part of the crypto space, showing crypto’s spirit of unboundedness. The Biggest Memecoin Has A Longer History Than Ethereum The term ‘memecoin’ straightaway describes the satirical nature of this token category: they capture the brilliance of (mostly) internet jokes and turn them, with the help of blockchain">blockchain technology, into something profit-able. Going back in the history of crypto, we can say that memecoins have been around for almost a decade. Dogecoin (DOGE), the biggest memecoin, was created in December 06, 2013 as a payment system shenanigan symbolised by the internet meme that went viral the same year. 18 months later, Vitalik Buterin launched Ethereum’s first mainnet. The original photo used for doge memes. Source: Know Your Meme Creators of DOGE wanted to demonstrate their scepticism over Bitcoin and its grand ambition to replace the existing payment systems. Ironically, Reddit made DOGE a hit whose market cap instantaneously reached US$3 million and the second-most popular electronic currency used for online ‘tipping’ a.k.a giving thanks or praises to online good deeds, to the point where its volume surpassing that of Bitcoin, Litecoin, etc. in January 2014. Despite the rise of new crypto categories, for example DeFi, GameFi, or NFT, DOGE still has a seat at the Top 10 table with a market cap of US$9,859,172,173 (as of October 31, 2023). As seen in the chart, Dogecoin alone makes up 0.74% of the global crypto market cap. At the beginning of 2020, this figure is only 0.13%, meaning DOGE market share has increased by 5.7 times over the span of three years compared to the crypto market size growing by 6.9 times. At this point, bet you’ll be asking: what are dog-themed coins and why are they demonstrated separately? We examine the list of Top 50 memecoins by CoinGecko, and the results are astonishing. 26 in this Top 50 are based on a doggo meme, and 7 out of 10 largest memecoins by market cap have a doggo theme. When we combine the market cap of all doggo tokens in the Top 50 (excluding DOGE), the sum represents a good 1.25% of the global market cap, which is even higher than DOGE’s. With DOGE? The aggregated market cap of dog-themed memecoins implies a growth of more than 15 times for this niche. Hardly anyone can resist a cute pup. Hence DOGE, SHIB, and other dog-themed coins have a real strong community, sometimes aggressive even, allowing them to stand the test of time. However, if we take a careful look at the Top 10 - and the Top 50 as well - there are four other subcategories of memecoins including Elon Musk-related (FLOKI, ELON, X), Reddit-related (WSM, BAN), Pepe the frog-themed (PEPE, PEPE2.0), and memecoins whose names look like those big cryptocurrencies (BITCOIN, XRP8). The last subcategory is trending this year, with HarryPotterObamaSonic10Inu (BITCOIN) needing just 164 days since its genesis to climb to the US$100 million mark, market cap-wise. The whole story portrays blockchain’s inherent nature of freedom. Not only digitally, financially, but also in the form of expression. Feel free to create some weird-named tokens based on any of your favourite memes or ridiculous ideas, for they never matter. As long as people can get how ‘fun’ it is, they’ll put up the money for some humour. Beyond A Joke We have to be honest that most memecoins holders don’t see them as a fun purchase. Rather, they try to capitalise on the gains once they’re ‘in’ for the joke. This phenomenon often leads to FOMO and emotional investing, which can be detrimental to both your mental and financial health. There’s a better way, though: find out about the launch date or initial listing of upcoming memecoins, farm or scoop some at decent prices and place the sell order to lock in your profits. If you land it correctly, these following numbers could very well be your portfolio’s ROI: Top memecoins’ performance on Bitget in 2023. Past performance does not guarantee future results. Let’s take some time to look at the state of the memecoins category. Since the beginning of 2023, the number of searches for PEPE has remained on par with BTC, whereas DOGE’s levels are slightly higher than ETH’s, and the frequency at which people look for the word memecoins skyrocketed towards the end of Q3. An explanation for this lies in the nature of the marketing process for memecoins, i.e. the buildup of hype and viral-ness of projects. In the notable case of DOGE, the anticipation around this memecoin as well as its price trend are heavily influenced by one single person: Elon Musk, holder of over US$3 billion in DOGE per some unofficial sources. Earlier this year, he had briefly changed Twitter (now X)’s logo to Dogecoin’s. In 2022, Tesla began to accept DOGE as payment for merch, but the option wasn’t available for long. All in all, that sparked the hope of DOGE (and memecoins in general) being used in commercial transactions or, in other words, memecoins owners being able to make real-life payments with their holdings. Before we can even consider the possibility of memecoins being used as money, it’s necessary to check their velocity, i.e. the rate at which each token changes hands within its ecosystem. This metric provides insights into the credibility of the token (and its ecosystem, if any), the market liquidity, and its potential to become a currency. As the token velocity here is calculated using exchange data and the majority agree on cryptocurrencies being assets, the metric is very different from the traditional concept of money velocity. Yet we can still make a rough comparison to see how fast cryptocurrencies versus US-Dollar move within their own ecosystem (economy for fiats). Take M2 as the benchmark because M2 includes money in circulation and interest-paying assets as well. The velocity of Bitcoin and Ethereum are way higher than the M2 velocity (they are represented by the y-axis on the right), considering their volume is aggregated from all exchanges, that is, global markets. The only one to (kind of) match M2 velocity is DOGE’s, though its standard deviation is 20 times higher than that of M2. This result implies that either interest in DOGE or activities in its ecosystem varies greatly - not a good sign for a currency or an asset. Another extreme can be seen with the low velocity of other memecoins. On the one hand, BTC and ETH are being traded at a real quick speed; on the other hand, all cryptocurrencies regarded as an asset/an investment stay put for a long time, therefore having low velocity. Now, as investments, memecoins should have some relationship with the largest cryptocurrencies of Bitcoin and Ether, Bitcoin in particular because its dominance in the market has never been lower than 40%. We use the three largest dog-themed coins by market cap to see if they can give any hints on how to predict memecoins’ prices. Of course the correlation between DOGE, SHIB and FLOKI are positive, but it’s interesting to see Dogecoin and Shiba Inu go in the opposite direction to Bitcoin, given the context of 2023 only. Calculated using data from January 01, 2023 to October 31, 2023. One possible answer to the question of why Dogecoin tends to move away from the biggest cryptocurrency is that DOGE is in dire need of use cases, which makes it extremely susceptible to any announcement from a mogul like Elon Musk. Imagine a bear market and somehow the billionaire tweeted about DOGE used for platform incentive payment on X - DOGE would 100% soar. It’s different for SHIB because the developer team has recently launched their L2 network named Shibarium, together with new dApps and games. At that time Bitcoin was still back and forth between US$26,000 and US$27,500, thus the rise in SHIB prices must be the main factor behind the negative correlation between SHIB and BTC. Except for FLOKI, the remaining four in the table now all have their own blockchains and are expanding their ecosystems, although Dogecoin is not compatible for multiple applications and its best shot is to become a payment option. Memecoin Killer? Also not backed by value principles like Bitcoin and Ethereum are fan tokens. Most of them were launched in 2020 or 2021 when sports clubs started to explore blockchain uses and issued by football and e-sport clubs. There was a time when some predicted the sunset in memecoins’ land with fan token emergence, but in our humble opinion they are completely uncorrelated. Memes is an integral part of the internet and likewise, memecoins are essential to the digital space. That’s not to mention cases where jokes turned into payments (DOGE) or serious efforts (SHIB). When it comes to fan tokens, we are witnessing a new way of interaction between organisations and their fans, like how the Argentine Football Association fan token (ARG) pumped after Messi and the Argentinian team won the World Cup 2022. It’s not just about monetary gain, it’s about showing support for the football hero. There is no conflict between the purpose and use cases of memecoins and fan tokens, so it’s wacko to say fan tokens are memecoins’ ‘killer’. At Bitget, we pave the way for crypto’s future by supporting all legitimate projects and constantly expanding our product offerings to onboard more people. You can get your own memecoins or fan tokens by going to Bitget Spot Trading and choose the corresponding category as shown below: Hover the pointer on the trading pair, select USDT and click on the box next to Inno to see other categories. The Fan token category is below the Meme one, so scroll down on the drop-down menu. In the same manner, look for the Meme category on Bitget Futures Trading: If you are looking for upcoming new listings on Bitget, check out our announcement centre everyday and mark the date of initial listing events! Remember to have some humour when buying any memecoin, unless you are a technical analysis expert. Memecoins are highly volatile and speculative, but sometimes the joke can turn into a jackpot - who knows? Simply create an account, and start exploring the incredible Bitget-Verse today!

From Jokes to Jackpots: A New Era of Meme Coins on Bitget

In the realm of cryptocurrencies, nothing is static; trends ebb and flow like the tides of a digital sea. After the biting frost of a crypto winter, which saw many digital currencies plunge in value, the landscape seemed barren and desolate. Yet now, as the digital world begins to thaw, an unexpected trend is making an astonishing comeback: meme coins. When Digital Humor Turned Profit These aren't your grandpa's blue-chip cryptocurrencies like Bitcoin or Ethereum. These are tokens inspired by internet culture, quirky humor, and the collective spirit of the online community. Is it like a joke, you may ask? Absolutely not. Meme coins are attracting serious investment and attention, stirring a feeling of déjà vu among long-time observers of the cryptocurrency space. Back in 2021, when Dogecoin, the first meme coin created as a joke, skyrocketed in value and became a household name, largely thanks to high-profile endorsements from the likes of Elon Musk. The Dogecoin phenomenon was a moment of peak meme coin mania, with a peak price of $0.739, representing an increase of over 20,000%. Dogecoin Price Chart Source: TradingView Now, the spark seems to come back. Over the past few weeks, crypto enthusiasts have been pouring money into meme coins. According to Dune Analytics, the trading volume of meme coins in the crypto market saw a massive increase of six times last week, reaching $2.3 billion, which is the highest it has been since May 2021. This is a significant surge from the preceding week's trading volume of $387 million. Weekly volume in meme coins Source: Dune Analytics Are you curious about which meme coins are fueling the current market frenzy on Bitget? Let’s find out. Pepe (PEPE) - The Audacious Challenger Aiming to Dethrone Dogecoin Could a frog dethrone the king of meme coin? In the realm of digital finance, where internet memes can turn into billion-dollar assets overnight, the ascent of Pepe (PEPE), an audacious newcomer, is challenging the supremacy of Dogecoin. Pepe is a meme coin launched on 17 April 2023, with the inspiration of the “Pepe the Frog” meme by Matt Furie. The creators of Pepecoin have cheekily positioned it as "the most memeable meme coin in existence" on its official Twitter feed. Unafraid of stepping on toes, Pepecoin frequently makes veiled digs at Dogecoin and even crafts its own Pepe memes featuring the frog triumphing over other meme coins. Pepe Market Cap reached $1.65 billion on May 06, 2023. Source: CoinmarketCap Its whimsical origins and approach have not hindered its growth, as it quickly climbed the ranks to be one of the top 50 cryptocurrencies being traded according to CoinMarketCap as of May 09. Since its launch, the coin has risen an impressive 7378.89% with the market cap reaching a high of $1.65 billion at one point. Consider investing in Pepe (PEPE)? It only takes 2 minutes to create an account on Bitget and start trading PEPE. Dejitaru Tsuka (TSUKA) - The Enigmatic Brainchild of SHIB's Founder Dejitaru Tsuka (TSUKA) is a truly decentralized project created by the elusive founder of SHIB, RyoshiResearch. With no whitepaper, token sale, dev wallet, or tax on transactions, this project is fully distributed and entirely run by the community. TSUKA was first listed on a major exchange in September 2022 by Bitget, and even though it is shrouded in mystery and ciphers, what it has achieved is nothing short of legendary. SHIB's founder changed his profile photo to Milarepa The beginning of Dejitaru Tsuka was cryptic, with the founder of SHIB deleting all posts on social media and changing his profile picture to a picture of the highly-regarded Tibetan figure named Milarepa. Around the same time, a token with the ticker TSUKA was launched on Ethereum, and its developer left cryptic messages on the blockchain And the community noticed it! Despite having nothing on its official website, the official Twitter has reached 30,000 followers, and the market cap went up 47,740 times, from $3,000 to $143.22 million on February 15, 2023. This exponential growth is a testament to the power of the community-driven approach. For more information on Dejitaru Tsuka, refer to Dejitaru Tsuka (TSUKA) Inspires Decentralization with Tibetan Buddhism. Consider investing in Dejitaru Tsuka (TSUKA)? It only takes 2 minutes to create an account on Bitget and start trading TSUKA. ArbDoge AI (AIDOGE) - Fusing AI and Memes for Crypto Dominance ArbDoge AI (AIDOGE)is an exciting new project within the Arbitrum ecosystem that merges AI and memes to create a unique crypto experience. The AIDOGE is the backbone of the ArbDoge AI community, and it is distributed solely to community members. This deflationary token has a supply of 210,000,000,000,000,000, and whenever you purchase AIDOGE, you'll get a Lucky Drop ticket that gives you a chance to win ARB, Arbitrum’s main token. Impressive Statistics of ArbDoge AI as of May 10, 2023 Source: ArbDoge A website ArbDoge AI is not just another meme coin! It was created by a large group of AI organisms with a passion for the Arbitrum platform. They aim to develop a product line that fuses web3 and AI, with the ultimate goal of expanding Arbitrum's functionality for the benefit of the community. AICODE is another token that the team is producing as part of their ArbCity project, which is a virtual destination for community members to spend time. Consider investing in ArbDoge AI (AIDOGE)? It only takes 2 minutes to create an account on Bitget and start trading AIDOGE. Floki Inu (FLOKI): From Meme Coin to 'The People's Crypto' In June 2021, a tweet from tech mogul Elon Musk ignited a new wave in the already turbulent seas of cryptocurrency. He announced that he would name his pet Shiba Inu "Floki," leading to the birth of the Floki Inu coin. Initially conceived as a dog-themed meme coin, much like Dogecoin, Floki Inu, now simply known as Floki, has since evolved into something far more substantial. Elon Musk's tweet made FLOKI go viral. FLOKI is an ERC-20 and BEP-20 compliant token. This dual compatibility means that it operates on both the Ethereum and Binance Smart Chain (BSC) blockchains. The multi-chain nature of the token provides flexibility, allowing users to easily perform a 1:1 FLOKI swap on the ETH-BSC bridge via atomic swaps. Floki has received recognition from NASDAQ as one of the best metaverse currencies to buy in 2022. The creators of Floki envisage it as a movement, not just a meme coin. Their vision to construct schools in underdeveloped countries is a testament to the project's commitment to social betterment. Floki's evolution, growth, and future plans serve as an example of how cryptocurrencies can create a tangible impact in the real world, far beyond the digital realms they inhabit. Consider investing in Floki Inu (FLOKI)? It only takes 2 minutes to create an account on Bitget and start trading FLOKI. Disclaimer: All investment strategies and investments are subject to the risk of loss. Nothing contained in this article should be construed as investment advice. Users are strongly advised to do their due diligence and invest at your own risk.

Bitget Research: Overall Crypto Market Pullback, Memecoins Dominate Ethereum Chain Transaction List

In Summary: 1.Popular Tokens: PEPE (Token) — A memecoin featuring a sad frog on its logo, currently the hottest memecoin on the market with a daily on-chain trading volume of over US$100 million and dominating community discussions. During the market pullback yesterday, it rose to a new high against the trend. According to some blockchain data analysts, some early holders earned millions with an investment of less than 1 ETH, with gains up to 1000x. Users should be aware of the risks involved in participating. Currently, the token is available for trading on Bitget. WOJAK (Token) — The MEME coin, which is closely associated with the Pepe the Frog meme and features powerful human meme imagery, has a 24-hour trading volume of $22 million and a market cap of $9.17 million on the token chain. It is currently in high demand, with Bitget offering to trade for the coin. RUGame Labs (RUG) — A community memecoin with RUG as its theme name. The project was launched yesterday and has 22,000 Twitter followers but no KOL attention. The token liquidity is 440,000, and the price has seen a 120x increase from the bottom. Its 24-hour trading volume is US$1.38 million. APED (Token) — An ape-themed memecoin. The community’s interest is high, with several KOL discussions. Its 24-hour trading volume is US$20 million, and its market cap is US$7.4 million. The price fluctuates at a high level. CHAD (Token) — CHAD is positioned as an elite memecoin and has some association with PEPE and WOJAK. Its 24-hour trading volume is US$12.47 million, with a market cap of US$2.66 million. BABYPEPE (Token) — A PEPE replica memecoin imitating the Babydoge model. Its current market cap is US$5.33 million, with a 24-hour trading volume of US$7.89 million. With only 600 Twitter followers, its overall marketing level is lower than that of PEPE and WOJAK, and the price has increased too much in the short term. Users should be aware of the risks involved. SUIBG (Token), SUI Futures Bitget — BitKeep and Bitget jointly launched an airdrop of a futures token called SUIBG (SUI Futures Token), which will serve as a credential for the native token SUI after the Sui Network mainnet is launched in the future. According to information from BitKeep’s Twitter, the exchange rate for SUIBG and SUI is 10:1. The SUI token has a public offering price of US$0.1/SUI, and users can earn up to 1000+ free SUIBG by completing BitKeep-related tasks, which can be exchanged for 100+ $SUI token rewards after the launch of SUI (campaign ends on April 24). XEN (Token) — On April 18th, the bidding activity for XENKnights officially began. XENKnights is an experimental collection of only 100 unique art pieces inscribed on satoshis on the Bitcoin blockchain. A total of 100 XENKnight ordinals will be auctioned to the highest bidders, and the XEN tokens from the top 100 bidders will be burned. AIDOGE (Token) — An Arbitrum community memecoin project, with AI-generated code and free airdrops for ARB airdrop users. The token has a 15% trading tax, with 1% permanently burned, 2% added to the AIDOGE/ETH trading pair for increasing the depth, 3% used for AIDOGE staking rewards, 3% given to secondary market traders as rewards, 3% used to buy ARB to subsidize the protocol game and voting, currently, some ARB is used directly to incentivize users to increase liquidity, and 3% used for development purposes. The 24-hour trading volume is currently US$18.5 million, and it is available for trading on Bitget. PUF (Token) — A community memecoin project with high community engagement and KOL discussions. It has a 24-hour trading volume of US$1.06 million, a market cap of US$330,000, and experienced a significant drop in price after a period of growth. RDNT (Token) — A cross-chain lending protocol based on Layer Zero and native to Arbitrum. It has already bridged to BSC and has a total TVL of US$240 million. Recently, the staking token for its V2 version was released without significant selling pressure. Multiple KOLs have bought in, and the project has been highly popular with a 24-hour trading volume of US$120 million and a market cap of US$110 million. 2.Popular NFTs: AISHIB (NFT) — An NFT collection called AIShiba OG Collection, issued by a memecoin project with the slogan “Missed $AIDOGE? Don’t miss $SHIBAI!” It has 12,207 holders, and a floor price of only 0.021 ETH, but has achieved a trading volume of over 500 ETH. The token $SHIBAI has a similar mechanism to AIDOGE, with a 15% trading tax. However, its token distribution and reward mechanism are more complex than AIDOGE, but currently only outlined in the project’s whitepaper. LFi NFT (NFT) — A free mint NFT built on Polygon. It is available on OpenSea, with a total supply of 1.1 million and over 10,000 holders. The on-chain minting activity is very hot. XEN Torrent (NFT) — XEN NFT is currently deployed on 10 different EVM-compatible chains, with over 1 million addresses minting it. With recent price increases, on-chain arbitrage has become active again. 3.Popular DApps: MEV Bot (DApp) — jaredfromsubway.eth, a highly active sandwich trading bot on the blockchain, specializing in sandwich attacks on memecoins. It has processed over 570,000 transactions. According to data from Dune, in the past 24 hours, jaredfromsubway.eth has consumed 535.18 ETH in gas fees, worth approximately US$1,119,969, accounting for 8.3% of the total network data. In the past week, the address consumed 1007.29 ETH, worth approximately US$2,096,850, accounting for 3.79% of the total network data. Link3 (DApp) — Link3 is a Web3 social task network incubated by CyberConnect, where users can create their decentralized social network by completing on-chain and off-chain information. Recently, Link3 participated in the Web Social Hackathon organized by Binance and released a growth incentive plan. In the future, it will attract projects and users to jointly build a high-quality Web3 social network. The project has not launched its own token yet, making it an important project to keep a close watch on. Galxe (DApp) — Galxe is an on-chain task platform and a top-tier DID application that recently launched a new identity verification method allowing for one-click login using an Ethereum address. On April 19th, the project bought back tokens to mark Q1’s development journey. Key product updates include Galxe Mintlist, a loyalty point system, Telegram integration, and page access credentials. The project has already collaborated with over 2100 projects and is growing rapidly. Benji Bananas (DApp) — An F2P mobile blockchain game invested by Animoca Brands. The overall ecosystem has seen a decrease in popularity due to two big holders of Bored Ape Yacht Club (BAYC) announcing their exit recently. Nevertheless, it is still a highly active project on the BSC. Currently, it is distributing Easter campaign rewards. Lens (DApp) — A leading on-chain social platform that has yet to release its token, with expectations of an airdrop. The ecosystem currently includes a variety of projects and has become one of the most active ecosystems on the Polygon chain. GameTrade Market (DApp) — A platform on Solana blockchain specialized in discovering and trading NFTs within games, mainly targeting in-game asset trading, providing a full range of game categories and game asset trading functions. Currently, the ecosystem has many game collaborations and announced on April 20th that it is launching its own Launchpad platform, allowing users to participate with a low fee of only 2.5%. BLUR (DApp) — On April 19, BLUR platform traded a total of 5746 ETH, with OpenSea trading 1796 ETH and OpenSea Pro 941 ETH. Recently, the overall trading volume of the NFT market has started to rebound, and the short-term price of BLUR has also increased. This is due to the upcoming release of Amazon’s NFT on April 24th, which has caused NFT-related token projects to rebound. Additionally, BLUR is set to release new products in May, generating significant user anticipation. Rarible (DApp) — Rarible is a multi-chain NFT trading platform where users can create “mint” and trade digital collectibles. On April 20th, the project indicated that the auction for The Smurfs NFTs would end in a few hours. The recent auction of the highly popular Smurfs NFT on Rarible has increased UAW. Space ID (Token) — On April 18th, SPACE ID announced the formation of a DAO Treasury, which will use 50% of the total net revenue generated by the SPACE ID platform (including revenue from domain name registration, renewal, gift card purchases, and SPACE ID market fees) to buy and burn ID tokens, while the remaining 50% will be added to the DAO treasury in the form of stablecoins and managed by all eligible ID token holders. On April 20th, Space ID announced its listing on OKX, and the token has seen high levels of community activity recently. 4.Twitter Hot Topics: There is no data available for today due to issues with the data source update. 5.Regional Trending Searches: PEPE (Token) — A frog-themed memecoin with a very strong wealth effect, having experienced a 4500x increase since its launch. It has been widely discussed worldwide, and OKX has released a poll where the community chooses whether it belongs to the “dog” or “frog” camp, generating expectations for PEPE listing on OKX. Currently, the trading pair is available on Bitget. ARB (Token) — Arbitrum has transferred 1 ARB token to the Curve DAO address for public testing to verify DAO’s control over funds. The decisions of the Arbitrum Foundation have a significant impact on the trend of the token. Therefore, following the development of events may reveal good trading opportunities. Why Crypto Crash (Event) — Yesterday, there was a flash crypto crash. BTC and ETH both fell by over 3% and 4% respectively within an hour, triggering a market correction. The average leverage ratio of market participants is currently high, and cryptocurrency volatility is significant, so users need to be aware of trading risks. Main Body Written by: Bitget Research Data collection time: April 20, 10:30 Data sources: Dune, DApps, Twitter, Google Note: 1) New active users: Refers to wallet addresses that were newly created on the chain in the past 24 hours and had interactions on the chain. 2) Existing active users: Refers to wallet addresses that were created on the chain 24 hours ago and had interactions on the chain in the past 24 hours. 3) DApp daily activity (UAW: unique active wallets) 4) TGE (Token Generation Event) 1.Blockchain Profile — ETH Chain 1.1 User Profile 1.1.1 Core Data Total active users of ETH: 369,707 New active users of ETH: 76,035, with a daily decrease of 5.84% Existing active users of ETH: 293,672, with a daily decrease of 4.54% 1.1.2 New User Profile Core data: There were a total of 76,035 new active users on ETH yesterday, with a daily decrease of 5.84% Popular Sectors Popular Projects Key Projects: RUGame Labs (RUG) — A community memecoin with RUG as its theme name. The project was launched yesterday and has 22,000 Twitter followers but no KOL attention. The token liquidity is 440,000, and the price has seen a 120x increase from the bottom. Its 24-hour trading volume is US$1.38 million. https://www.dextools.io/app/en/ether/pair-explorer/0x0ae290bcf6a7bb134c46f8c4c7cd905fce177e24 1.1.3 Existing User Profile Core data: The number of ETH active existing users is 293,672, with a daily decrease of 4.54% Popular Sectors Popular Projects Key Projects: MEV Bot (DApp) — jaredfromsubway.eth, a highly active sandwich trading bot on the blockchain, specializing in sandwich attacks on memecoins. It has processed over 570,000 transactions. According to data from Dune, in the past 24 hours, jaredfromsubway.eth has consumed 535.18 ETH in gas fees, worth approximately US$1,119,969, accounting for 8.3% of the total network data. In the past week, the address consumed 1007.29 ETH, worth approximately US$2,096,850, accounting for 3.79% of the total network data. PEPE (Token) — A memecoin featuring a sad frog on its logo, currently the hottest memecoin on the market with a daily on-chain trading volume of over US$100 million and dominating community discussions. During the market pullback yesterday, it rose to a new high against the trend. According to some blockchain data analysts, some early holders earned millions with an investment of less than 1 ETH, with gains up to 1000x. Users should be aware of the risks involved in participating. Currently, the token is available for trading on Bitget. https://www.dextools.io/app/en/ether/pair-explorer/0xa43fe16908251ee70ef74718545e4fe6c5ccec9f WOJAK (Token) — The MEME coin, which is closely associated with the Pepe the Frog meme and features powerful human meme imagery, has a 24-hour trading volume of $22 million and a market cap of $9.17 million on the token chain. It is currently in high demand, with Bitget offering to trade for the coin. https://www.dextools.io/app/en/ether/pair-explorer/0x0f23d49bc92ec52ff591d091b3e16c937034496e 1.2 Popular Trading Pairs 1.2.1 Uniswap V2 COPE (Token) — A memecoin with an image similar to that of PEPE. Its 24-hour trading volume is US$17.8 million, and its liquidity is only US$88,000. After an initial rise, the price has collapsed, and there are no signs of a rebound. This memecoin carries high risks. https://www.dextools.io/app/en/ether/pair-explorer/0xad1b370187aefff639442d7596fcf9a0c0661b17 APED (Token) — An ape-themed memecoin. The community’s interest is high, with several KOL discussions. Its 24-hour trading volume is US$20 million, and its market cap is US$7.4 million. The price fluctuates at a high level. https://www.dextools.io/app/en/ether/pair-explorer/0x877193009a881359e80df3ded7c6e055be9cc144 CHAD (Token) — CHAD is positioned as an elite memecoin and has some association with PEPE and WOJAK. Its 24-hour trading volume is US$12.47 million, with a market cap of US$2.66 million. https://www.dextools.io/app/en/ether/pair-explorer/0x2db388d12c56fa6bd81b101aa6ec8542e315ec5c BABYPEPE (Token) — A PEPE replica memecoin imitating the Babydoge model. Its current market cap is US$5.33 million, with a 24-hour trading volume of US$7.89 million. With only 600 Twitter followers, its overall marketing level is lower than that of PEPE and WOJAK, and the price has increased too much in the short term. Users should be aware of the risks involved. https://www.dextools.io/app/en/ether/pair-explorer/0x5b6a17d4e84b8d9b40eaaae821fc141d6158fe44 1.2.2 Uniswap V3 PEPE, WOJAK, APED (Token) — Aside from ETH, several memecoins, including PEPE, WOJAK, and APED, have taken over the top five positions in trading on UNI V3, as mentioned earlier in the report. 2.Blockchain Profile — BSC Chain 2.1 User Profile 2.1.1 Core Data Total active users on BSC: 1,264,894 New active users on BSC: 202,127, with a daily decrease of 6.14% Existing active users on BSC: 1,062,767, with a daily increase of 0.78% 2.1.2 New User Profile Core data: There were a total of 202,127 new active users on BSC yesterday, with a daily decrease of 6.14% Popular Sectors Popular Projects Key Projects: Trillioner (TLC) — A chain-based anonymous project with no liquidity pool. Currently, there are 8600 holders accumulated through transfers, which poses a high risk. https://bscscan.com/token/0x29a5daf6e3fdf964def07706ea1abee7ec03d021#balances 2.1.3 Existing User Profile Core data: The number of BSC active existing users is 1,062,767, with a daily increase of 0.78% Popular Sectors Popular Projects Key Projects: Link3 (DApp) — Link3 is a Web3 social task network incubated by CyberConnect, where users can create their decentralized social network by completing on-chain and off-chain information. Recently, Link3 participated in the Web Social Hackathon organized by Binance and released a growth incentive plan. In the future, it will attract projects and users to jointly build a high-quality Web3 social network. The project has not launched its own token yet, making it an important project to keep a close watch on. Galxe (DApp) — Galxe is an on-chain task platform and a top-tier DID application that recently launched a new identity verification method allowing for one-click login using an Ethereum address. On April 19th, the project bought back tokens to mark Q1’s development journey. Key product updates include Galxe Mintlist, a loyalty point system, Telegram integration, and page access credentials. The project has already collaborated with over 2100 projects and is growing rapidly. 2.2 Popular Trading Pairs 2.2.1 PancakeSwap V2 There is no data available for today due to issues with the data source update. 3.Blockchain Profile — Polygon Chain 3.1 User Profile 3.1.1 Core Data Total active users on Polygon: 389,528 New active users on Polygon: 86,068, with a daily decrease of 5.34% Existing active users on Polygon: 303,460, with a daily increase of 0.04% 3.1.2 New User Profile Core data: There were a total of 86,068 new active users on Polygon yesterday, with a daily decrease of 5.34% Popular Sectors Popular Projects Key Projects: Benji Bananas (DApp) — An F2P mobile blockchain game invested by Animoca Brands. The overall ecosystem has seen a decrease in popularity due to two big holders of Bored Ape Yacht Club (BAYC) announcing their exit recently. Nevertheless, it is still a highly active project on the BSC. Currently, it is distributing Easter campaign rewards. SUIBG (Token), SUI Futures Bitget — BitKeep and Bitget jointly launched an airdrop of a futures token called SUIBG (SUI Futures Token), which will serve as a credential for the native token SUI after the Sui Network mainnet is launched in the future. According to information from BitKeep’s Twitter, the exchange rate for SUIBG and SUI is 10:1. The SUI token has a public offering price of US$0.1/SUI, and users can earn up to 1000+ free SUIBG by completing BitKeep-related tasks, which can be exchanged for 100+ $SUI token rewards after the launch of SUI (campaign ends on April 24). 3.1.3 Existing User Profile Core Data: The number of Polygon active existing users is 303,460, with a daily increase of 0.04% Popular Sectors Popular Projects Key Projects: Lens (DApp) — A leading on-chain social platform that has yet to release its token, with expectations of an airdrop. The ecosystem currently includes a variety of projects and has become one of the most active ecosystems on the Polygon chain. 3.2 Popular Trading Pairs 3.2.1 Uniswap V3 XEN (Token) — On April 18th, the bidding activity for XENKnights officially began. XENKnights is an experimental collection of only 100 unique art pieces inscribed on satoshis on the Bitcoin blockchain. A total of 100 XENKnight ordinals will be auctioned to the highest bidders, and the XEN tokens from the top 100 bidders will be burned. 4.Blockchain Profile — Arbitrum Chain 4.1 User Profile 4.1.1 Core Data Arbitrum Active Users: 345,350 Arbitrum New Active Users: 80,741, with a daily increase of 47.44% Arbitrum Existing Active Users: 264,609, with a daily increase of 5.97% 4.1.2 New User Profile Core data: There were a total of 80,741 new active users on Arbitrum yesterday, with a daily increase of 47.44% Popular Sectors Popular Projects Key Projects: AISHIB (NFT) — An NFT collection called AIShiba OG Collection, issued by a memecoin project with the slogan “Missed $AIDOGE? Don’t miss $SHIBAI!” It has 12,207 holders, and a floor price of only 0.021 ETH, but has achieved a trading volume of over 500 ETH. The token $SHIBAI has a similar mechanism to AIDOGE, with a 15% trading tax. However, its token distribution and reward mechanism are more complex than AIDOGE, but currently only outlined in the project’s whitepaper. https://www.dextools.io/app/en/arbitrum/pair-explorer/0xbb1554b79d49327f6f000fb8057a972bfee4afca 4.1.3 Existing User Profile Core data: The number of Arbitrum active existing users is 264,609, with a daily increase of 5.97% Popular Sectors Popular Projects Key Projects: AIDOGE (Token) — An Arbitrum community memecoin project, with AI-generated code and free airdrops for ARB airdrop users. The token has a 15% trading tax, with 1% permanently burned, 2% added to the AIDOGE/ETH trading pair for increasing the depth, 3% used for AIDOGE staking rewards, 3% given to secondary market traders as rewards, 3% used to buy ARB to subsidize the protocol game and voting, currently, some ARB is used directly to incentivize users to increase liquidity, and 3% used for development purposes. The 24-hour trading volume is currently US$18.5 million, and it is available for trading on Bitget. 4.2 Popular Trading Pairs 4.2.1 Uniswap V3 PUF (Token) — A community memecoin project with high community engagement and KOL discussions. It has a 24-hour trading volume of US$1.06 million, a market cap of US$330,000, and experienced a significant drop in price after a period of growth. RDNT (Token) — A cross-chain lending protocol based on Layer Zero and native to Arbitrum. It has already bridged to BSC and has a total TVL of US$240 million. Recently, the staking token for its V2 version was released without significant selling pressure. Multiple KOLs have bought in, and the project has been highly popular with a 24-hour trading volume of US$120 million and a market cap of US$110 million. 5.DApp Ecosystem — All Chains Iskra (DApp) — Iskra is a blockchain gaming platform built on Klaytn, bringing together gamers and game studios. The platform allows gamers to explore and enjoy high-quality blockchain games and create their own communities. Users can access new gaming projects through the platform’s Launchpad. On April 20th, it was announced that Iskra will be conducting its second promotional activity on Zealy, where users who complete tasks will have the chance to win a share of 5400 ISK and 5400 USDT in rewards. GameTrade Market (DApp) — A platform on Solana blockchain specialized in discovering and trading NFTs within games, mainly targeting in-game asset trading, providing a full range of game categories and game asset trading functions. Currently, the ecosystem has many game collaborations and announced on April 20th that it is launching its own Launchpad platform, allowing users to participate with a low fee of only 2.5%. TT Prize (DApp) — A mini-game platform built on Thundercore that uses TT for gaming. Currently, it has 455 Twitter followers and Similarweb shows a monthly traffic of less than 5000. It is essential to monitor this project. 6.DApp Ecosystem — ETH Chain BLUR (DApp) — On April 19, BLUR platform traded a total of 5746 ETH, with OpenSea trading 1796 ETH and OpenSea Pro 941 ETH. Recently, the overall trading volume of the NFT market has started to rebound, and the short-term price of BLUR has also increased. This is due to the upcoming release of Amazon’s NFT on April 24th, which has caused NFT-related token projects to rebound. Additionally, BLUR is set to release new products in May, generating significant user anticipation. DexView (DApp) is a website that provides real-time price charts and market sentiment for various chains, including Ethereum, BSC, Arbitrum, Polygon, etc. The Twitter account has only 14 followers, and usage is still relatively low. It is essential to monitor this project. 7.DApp Ecosystem — BSC Chain MOBOX (Dapp) — A cross-chain Metaverse game platform that integrates Web3 elements such as NFT and DeFi to assist game development within the project. At present, its token $MBOX is available on Bitget, and Mobox users can trade this asset on Bitget. AutoShark Finance (DApp) — A one-stop DeFi platform that supports functions such as Swap, Farm, Launchpad, etc. It has been audited by Certik, but its overall TVL is only US$388,000. It is essential to stay updated on this project. 8.DApp Ecosystem — Polygon Chain Flip Coin (DApp) — In the Flip Coin and Lottery application, users can toss a coin and earn double or participate in the lottery and earn ten times the amount. It has been marked as a high-risk DApp by DappRadar, so users are advised to be cautious and monitor the project. Rarible (DApp) — Rarible is a multi-chain NFT trading platform where users can create “mint” and trade digital collectibles. On April 20th, the project indicated that the auction for The Smurfs NFTs would end in a few hours. The recent auction of the highly popular Smurfs NFT on Rarible has increased UAW. 9.DApp Ecosystem — WAX Chain Neftyblocks(DApp) is an NFT trading platform on the WAX blockchain. According to data from third-party data websites, the platform’s traffic ranks behind SuperRare and LooksRare in the NFT space, with more popularity in the European and American regions. 10.DApp Ecosystem — Solana Chain MeanFi (DApp) — A permissionless, self-custodial bank on Solana, with main modules including a payment stream system, an aggregated DEX, etc. The project has been a top DeFi application on Solana for a long time, with many ecosystem collaborations. However, there is no recent significant update about the project. 11.DApp Ecosystem — Arbitrum Chain Space ID (Token) — On April 18th, SPACE ID announced the formation of a DAO Treasury, which will use 50% of the total net revenue generated by the SPACE ID platform (including revenue from domain name registration, renewal, gift card purchases, and SPACE ID market fees) to buy and burn ID tokens, while the remaining 50% will be added to the DAO treasury in the form of stablecoins and managed by all eligible ID token holders. On April 20th, Space ID announced its listing on OKX, and the token has seen high levels of community activity recently. 12.DApp Ecosystem — GameFi Sector Across All Chains Nine Chronicles (DApp) — A blockchain game supported by Ubisoft, with 129,000 Twitter followers including 91 KOLs. On April 10th, the monthly report was released, showing a monthly active user base of 32,000. The game is running campaigns, but there are no recent significant updates. 13.Gas Fee Consumption — ETH Chain PEPE (Token) — A frog-themed memecoin with a very strong wealth effect, having experienced a 4500x increase since its launch. It has been widely discussed worldwide, and OKX has released a poll where the community chooses whether it belongs to the “dog” or “frog” camp, generating expectations for PEPE listing on OKX. Currently, the trading pair is available on Bitget. 14.Gas Fee Consumption — BSC Chain XEN (Token) — On April 18th, the bidding activity for XENKnights officially began. XENKnights is an experimental collection of only 100 unique art pieces inscribed on satoshis on the Bitcoin blockchain. A total of 100 XENKnight ordinals will be auctioned to the highest bidders, and the XEN tokens from the top 100 bidders will be burned. 15.Gas Fee Consumption — Polygon Chain LFi NFT (NFT) — A free mint NFT built on Polygon. It is available on OpenSea, with a total supply of 1.1 million and over 10,000 holders. The on-chain minting activity is very hot. https://opensea.io/collection/lfi-nft-1 XEN Torrent (NFT) — XEN NFT is currently deployed on 10 different EVM-compatible chains, with over 1 million addresses minting it. With recent price increases, on-chain arbitrage has become active again. https://opensea.io/collection/xenft-by-xen-crypto/activity 16.Gas Fee Consumption — Arbitrum Chain Camelot Router (DApp) has seen a significant increase in usage frequency and gas fee burn, thanks to the positive market sentiment for trading memecoins such as Aidoge and Shibai. Historical data shows that every significant increase in the amount of gas burned by DEXs is often accompanied by active trading of certain hot tokens. 17.Twitter Trends Token Top 20 There is no data available for today due to issues with the data source update. 18.Token Mentioned Frequency by KOLs on Twitter There is no data available for today due to issues with the data source update. 19.Token Mentioned Frequency by VCs on Twitter There is no data available for today due to issues with the data source update. 20.Google Trends — Global The most frequently mentioned Google search terms: PEPE, ARB, Why Crypto Crash PEPE (Token) — A frog-themed memecoin with a very strong wealth effect, having experienced a 4500x increase since its launch. It has been widely discussed worldwide, and OKX has released a poll where the community chooses whether it belongs to the “dog” or “frog” camp, generating expectations for PEPE listing on OKX. Currently, the trading pair is available on Bitget. ARB (Token) — Arbitrum has transferred 1 ARB token to the Curve DAO address for public testing to verify DAO’s control over funds. The decisions of the Arbitrum Foundation have a significant impact on the trend of the token. Therefore, following the development of events may reveal good trading opportunities. Why Crypto Crash (Event) — Yesterday, there was a flash crypto crash. BTC and ETH both fell by over 3% and 4% respectively within an hour, triggering a market correction. The average leverage ratio of market participants is currently high, and cryptocurrency volatility is significant, so users need to be aware of trading risks. 21.Google Trends Surge — East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan a) South Asia Region India Trending Tokens: BTC, OLYMP Pakistan Trending Tokens: BTC, XEN b) Southeast Asia Region Philippines Trending Tokens: FTX, BTC Vietnam Trending Keywords: Crypto news Indonesia Trending Tokens: Luna, BTC, MEME Malaysia Trending Keywords: AVAX Singapore Trending Tokens: Gala, Crypto Crash c) East Asia and Hong Kong, Macau, and Taiwan Trending Tokens: WTK, XDC 22.Google Trends Surge — English-speaking Countries, Europe, CIS Region a) CIS Region Trending Keywords: Watchlist, Crypto News b) English-speaking Countries UK Trending Tokens: XRP, INJ Australia Trending Tokens: BTTC, GRT, IRC, ETH USA Trending Keywords: Why crypto crashing, Crypto Drop, Crypto Down Canada Trending Tokens: FILM, XRD, (radix), CHZ, ICP, PEPE, XEN, HBAR c) Europe Spain Trending Tokens: ETH, ADA, CASH, BTC, CTSI, UNI Italy Trending Tokens: PEPE, BTC, BRISE, HBAR, LITE France Trending Tokens: UNI, XRP, PEPE, FIL, FTT Germany Trending Tokens: BTC, XRP, TRON Belgium Trending Tokens: TAMADOGE, WAVES, ETH Turkey Trending Tokens: BTC 23.Google Trends Surge — Middle East, Latin America, Africa a) Africa Trending Tokens: Shib; Trending Keywords: why crypto falling, coinbase, crypto jobs, dca b) Middle East Trending Tokens: BTC; Trending Keywords: Crypto Market, Binance, Crypto Bubbles, Crypto Crash c) Latin America Brazil Trending Tokens: BTC, ARB, RIO, UNI Argentina Trending Tokens: XRP, BTC