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The Weekly Wrap: Memecoins Make Moves and Launch New Opportunities

The Weekly Wrap: Memecoins Make Moves and Launch New Opportunities
By Daniel
August 28, 2024


  • SUNDOG exploded out of the gates after launching on Justin Sun's pumping platform.
  • Daddy Token was also stirring up chatter through some controversy. Thanks to an endorsement from internet personality Andrew Tate, this coin saw its value pump sharply while speculation in a certain prediction market also shot up.
  • And if all that action has you itching for more memecoin madness, don't forget about Coinsniper's ongoing quest.


The wild world of memecoins saw significant developments over the past seven days, with some tokens soaring to new heights while others crashed back down to Earth. As always, there were lessons to be learned for those chasing the next big pump. At the same time, Coinsniper has rolled out some exciting new quests for members of the memecoin community. Keep reading to get caught up on the top news and learn how you can win big rewards.

Sundog Surges Spark Regret

One of the biggest memecoin stories of the week centered around SUNDOG, the latest token to launch on Justin Sun's SunPump platform. SUNDOG got off to a massive start after its public debut, rising from just $0.043 to an all-time high of $0.35 in only a few short days. While early investors who got in at the ground level saw enormous gains, one trader learned a painful lesson about taking profits too soon.

The trader had invested $65 into SUNDOG during the initial launch frenzy. However, after a quick 20-minute flip, they sold their entire position for a $495 profit - not a bad return. But if they had just held on a little while longer, their small $65 bet could have turned into an astonishing $2 million windfall as SUNDOG's price continued parabolic ascent. It's a sobering reminder that in the wild west of memecoins, it often pays to have patience rather than always chasing the first green candle you see.

Sundog's Future Uncertain

While SUNDOG mania was in full effect last week, there are signs that its astronomical gains may not last forever. Many memecoin pumps follow a similar pattern of massive short-term growth that gets erased as hype fades. Looking back at tokens like DOGWIHAT and BOOKOFMEME, their price charts show staggering initial pumps that excited traders before pulling back down. SUNDOG may face a similar retracement in the weeks ahead as its first adopters take profits. Of course, memecoins are notoriously unpredictable so SUNDOG could still have some surprises in store.

Popcat Powers Up

While SUNDOG mania gripped many traders last week, another Solana native memecoin POPCAT was also making big moves. POPCAT saw its price leap a stellar 95% over the preceding seven days to hit new highs not seen since late July. This surge was likely fueled by Binance announcing it would start offering leveraged perpetual contracts for the cat-themed coin, providing professional traders with new opportunities for volatility plays.

Bolstered by expanding exchange support as well as organic social media buzz, POPCAT's market cap skyrocketed past $770 million - a sign that this memecoin is here to stay among the top crypto assets. Of course, no one can say for certain whether it can continue delivering parabolic returns or if its price run is due for a breather. As with any young memecoin still in price discovery mode, POPCAT remains an extremely high-risk gamble. But its rising prominence shows that Solana's thriving ecosystem offers ripe ground for the next generation of viral token phenomena.

DadToken Flexes Social Muscles

While SUNDOG took the TRON community by storm, another newbie known as DADDY TOKEN was making waves in its own right across social media. Gaining traction off podcast appearances by controversial internet figure Andrew Tate, DADDY TOKEN saw its price pump sharply higher over the past few days.

Perhaps even more impressively, Tate's odds of winning an upcoming political election as tracked on the prediction market Polymarket also moved decisively in his favor - signifying growing confidence in his political ambitions. It remains to be seen if DADDY TOKEN can sustain this momentum or if it's merely enjoying a speculative mania phase. However, the token's experience shows how effectively new memecoin projects can harness social networks to supercharge their initial publicity and launch trajectories. A celebrity co-sign, even from a polarizing figure, remains a highly effective growth hacking technique in the wild world of crypto.

Join the Coinsniper Quests!

With so much action across various memecoin ecosystems last week, the team at Coinsniper saw it fitting to unveil some new community quests. For those unfamiliar, Coinsniper is a leading platform focused on memecoin discovery and discussion. By participating in their periodic quests, community members can win big prizes by engaging with highlighted topics and projects.

To enter, Coinsniper users simply need to complete a series of learning tasks about each coin's fundamentals, roadmap, and community. These can include activities such as joining a particular project's Telegram group, following key founders on Twitter or sharing a social post.

It's an entertaining way for the memecoin community to deep dive into promising new projects while also standing a chance to earn some amazing prizes.

Wrapping Up

As the wild world of memecoins continues to accelerate, stay up to speed by following platforms like Coinsniper that are close to the pulse of this space. Exciting new projects will always emerge, past pumps may evaporate overnight, and epic fortunes could be made - or missed - with each flick of the market. By staying educated on topics like this week's big movers SUNDOG, POPCAT, and DADDY TOKEN, and up-and-comers like EMT, DOL, and ECO, savvy traders can find the insights to profit amid the chaos. And who knows, you may even end up winning big by joining Coinsniper's ongoing quests for the top memecoin rewards out there.

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