Key highlights:
The memecoin ecosystem never sleeps as new projects are constantly emerging while old favorites make waves. Let's explore some of the biggest memecoin news and developments from the past week alongside the latest quests available on CoinSniper to hunt for early memecoin gems.
In what was undoubtedly the biggest story for mainstream memecoin followers, DOGE surged to its highest level in over five months. The original dog-themed cryptocurrency rose over 20% on October 29th to hit $0.18 as increasing exchange inflows signaled growing interest.
IntoTheBlock data showed over 350 million DOGE entering centralized exchanges that day alone. This influx of over $51 million worth of DOGE over the previous week likely preceded a wave of potential profit-taking. Yet, over 85% of DOGE addresses remain in the green, highlighting its resilience throughout crypto winter.
With increasing exchange volume and whale transactions, it's possible we see DOGE maintain its momentum. Then again, its parabolic rise represents an opportunity for short-term traders to take some profits off the table.
Our second story examines a pullback for PEPE, the legendary memecoin associated with cartoon frog Pepe. As reported on Binance, the price fell 4% amid rumors of significant selling by a single whale on the exchange.
IntoTheBlock data showed a mysterious wallet dumping over 1 trillion PEPE tokens worth around $9.7 million at the time. With PEPE's place among the earliest altcoins due to its niche online community, such a massive sell-off understandably caused a minor correction.
However, for long-term PEPE hodlers, this whale news likely isn't too concerning. The coin's reputation and brand remain as memorable as ever in online circles. Unless more evidence emerges of coordinated dumping, one player's actions likely won't disrupt this eccentric memecoin's dedicated following.
In one of the more eccentric memecoin stories of late, so-called "Trump coins" saw strong surges in price and volume. This refers to projects like DJT and MAGA that base their themes and communities around former US President Donald Trump.
DJT gained over 80% in a single day while MAGA rose more than 19% amid the renewed political fervor - at least among corners of the cryptosphere.
Whether serious investments or lighthearted bets, cryptocurrencies capitalizing on public figures or memorable online phenomena will always have micro communities. And in bull markets, their prices can be sent soaring on even the faintest of rumors. The rise of Trump coins serves as another case study in memecoin volatility.
Our fourth story noted gains for WUFFI and KLAUS, two fresh memecoins emerging amid sideways Bitcoin prices last week. WUFFI increased by an eye-popping 49% while KLAUS rose nearly 55% in a very brief period of hype.
Such pumps demonstrate the appeal of novelty and potential high risk/reward opportunities that new memecoin launches provide. Their exponential price increases greatly outperformed the market and highlighted traders' undiminished appetite for ultra speculative plays.
Of course, maintaining interest in the long run remains these projects' greatest challenge. But their ability to generate parabolic movements even during periods of crypto uncertainty shows why CoinSniper will remain a top destination to uncover tomorrow's hidden memecoin gems.
In memecoin exchange news, Binance made waves by launching new futures contracts according to our fifth story. This included perpetual swaps for MOODENG, a token experiencing viral growth on social media.
The feature allows traders sophisticated leverage options to profit from or hedge MOODENG's turbulence. Perpetual contracts provide flexible exposure without expiration dates. Their introduction underscores exchanges' recognition of memecoin speculation's growing popularity.
By empowering different trading styles on platform, Binance strategically positions itself at the center of this emerging area. And through new listings, memecoin projects themselves access invaluable liquidity that fuels further participation. A savvy move for all involved parties.
Following a new exchange listing, MEW witnessed exuberant price dynamics. The Solana-based meme token was added to major platform Bitstamp.
True to its nonsensical nature, MEW proceeded to rocket over 28% in a matter of hours to achieve a new all-time high. With attention comes opportunity in crypto markets, and MEW's community wisely capitalized. More exchange support should only intensify such euphoric spikes for these types of niche memecoin assets.
While gains of this magnitude rarely persist, the sheer amusement of a worthless joke token achieving parabolic returns demonstrates why crypto traders remain endlessly entertained by the sector's boundless surprises.
Binance expanded its futures offerings even more aggressively into the growing memecoin niche. The dominant exchange launched a new GOAT USDT contract backed by the AI-promoted GOAT cryptocurrency.
In a savvy marketing effort timed with rising mainstream interest, Binance incorporated their patented "multi-assets" functionality. This enables positions to be funded across major coins like BTC for greater liquidity.
But most notably, traders would enjoy maximum 75x leverage on GOAT trades - a figure almost unheard of elsewhere. For degenerate gamblers and pros alike, these amplified memecoin plays represent unprecedented opportunities.
The experimental Solana-based BOOK OF MEME token allows creative owners to construct digital "books" full of customized memecoins. Technically down from all-time highs yet still delivering triple digit gains, BOME saw its potential highlighted. As a meta memecoin enabling endless experimentation, ongoing development could maintain speculator fervor. Especially if web3 entertainment trends like play-to-earn gaming gain even wider adoption.
With little sign of community fatigue so far, BOME appears positioned to continue breaking higher if volatility stays elevated. Its price correlation to overall crypto sentiment makes further upside likely in a prolonged bull cycle.
Before wrapping up, here is a table summarizing some of the major memecoin news stories covered from this past week:
| Meme Coin | News | Price Impact |
| DOGE | Hit 5-month highs on Binance inflows | +20% |
| PEPE | Whale dumped over 2B tokens | -4% |
| DJT, MAGA | Surged on potential 2024 Trump run | DJT +80%, MAGA +19% |
| WUFFI, KLAUS | Pumped heavily from new listings | WUFFI +49%, KLAUS +55% |
| MOODENG | Binance added futures contract | Volume spike |
| MEW | Listed on Bitstamp, exploded higher | +28% |
| GOAT | Binance future offers 75x leverage | +25% |
| BOME | Seen extending bull cycle potential | Triple digit gains YTD |
And of course, new memecoin quests are always available on CoinSniper for intrepid traders hunting the next potential gems. The featured bounty at the moment is the WW2coin quest.
Disclaimer
The information on Coinsniper is user-generated and not verified. Coinsniper does not provide financial advice or facilitate transactions.
Also note that the cryptocurrencies listed on this website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments.
WARNING: Scam Telegram Channels
Watchlist
Ads
Boosts
Today's best
SOL
ETH
BSC
All time Best
New listings
Airdrops
Presales
Submit coin
Contact Us
Blog
Dictionary
Partners
KYC verification
AMA hosting
