The memecoin craze continues to dominate the crypto world, with Ethereum-based $PEPE seeing unprecedented growth as it nears 290,000 holders.
Meanwhile, Solana memecoins are also gaining traction, with their total market cap surging to a massive $8.70 billion.
🚨 LATEST: @Solana
memecoins Market Cap has surged to $8.70 billion.Top 3 memecoins now exceed $1 billion each:
– $WIF
– $BONK
– $POPCAT pic.twitter.com/QVBjc3eNmM— SolanaFloor (@SolanaFloor) October 4, 2024
Among the top memecoins, $WIF, $BONK, and $POPCAT have each surpassed the $1 billion market cap threshold, cementing their place in the upper echelon of meme-based tokens.
Amidst this surge, Ethereum co-founder Vitalik Buterin has made headlines for selling off several meme-related tokens. In the last 30 minutes, Buterin offloaded $341K worth of #MOODENG, $DEGEN, $NEIRO, $KABOSU, and even the stablecoin $USDT, converting them into 140.67 ETH.
🚨DEGEN NEWS: Frogs are leaping to new heights!
🐸 $ETH memecoin $PEPE (@pepecoineth) sees record growth, approaching 290,000 token holders, while $SOL memecoin $FWOG (@solfwog) rallies with a 32% price surge in the past 24 hours. pic.twitter.com/901wNlQNKP
— 0xMedia (@0xmediaco) October 4, 2024
Buterin Makes Massive 100 ETH Donation
However, Buterin wasn’t done there. At the same time, he made a significant contribution to the “Free Alexey & Roman” campaign, donating 100 ETH (worth around $242K) to support the legal defense of TornadoCash developers Alexey Pertsev and Roman Storm. These developers have been embroiled in legal battles following their work on TornadoCash, a privacy tool that has attracted scrutiny from authorities.
Vitalik Buterin (@VitalikButerin) just sold $341K worth of meme-coins #MOODENG, $DEGEN, $NEIRO, $KABOSU, and stablecoin $USDT for 140.67 $ETH in the past 30 minutes.
At the same time, he also sent 100 $ETH ($242K) to the “Free Alexey & Roman” campaign, supporting the legal… pic.twitter.com/XYjf2ZVI8g
— Spot On Chain (@spotonchain) October 5, 2024
As memecoins continue to rise in popularity and market value, Vitalik’s moves serve as a reminder that while the meme-fueled token frenzy captivates the community, important issues such as privacy and freedom within the blockchain space remain at the forefront of the conversation.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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