MSTR has yet to surpass the level of the firm, which is one reason. The most important factor is still the underlying assets.
Mindao
A few final points. MicroStrategy currently has a 300% premium on Bitcoin. For participants in the secondary market, if they do not understand the variables involved, the risks are extremely high. The continuously growing volume means that the premium will only shrink rather than expand; sustained financing capability is one of the variables that turns the premium from virtual to real.
Additionally, it would be best if everyone learned from MicroStrategy. If a hundred listed companies adopt its Bitcoin standard, raising the overall holding cost of Bitcoin would effectively help reduce the premium bubble together.
Can other assets (like ETH, SOL, meme coins) replicate the same strategy? The core of this strategy is that there are enough counterparties willing to accept similar convertible bond terms, and they accept these terms because more counterparties want exposure to different risk combinations of Bitcoin.
Assets like ETH and SOL, beyond liquidity, add more economic models, technology, and market risks, making the operational difficulty much higher, but the potential returns are also significant. It's hard to say if a degenerate version of MicroStrategy could emerge.
I feel that the big players are already gearing up.
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Crypto北斗 · ᵃˡᵖʰᵃ
Useless coins $useless The recommended position is up to 20x, and the market value is 140 million.
Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk
The biggest argument mentioned at the time was that Unipcs, one of the founders, expressed support for a high-quality coin that was not related to the bonk theme, and finally he chose #USELESS, an anti-mockery narrative.
Crypto北斗 · ᵃˡᵖʰᵃ
#useless Useless coins will increase by about 2,500 addresses in 7 days
The second stage position is about 16 times. Research and judgement in this article.
As the leading #meme of the launch platform Letsbonk, the useless coin has a bit of a flavour of carrying the flag when the pump is weak.
ca
Dz9mQ9NzkBcCsuGPFJ3r1bS4wgqKMHBPiVuniW8Mbonk
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加密猴哥🐒
If the interest rate is cut in July, then bitcoin will rise first and then fall
The market will react in advance
To be honest, there is an urgent need for a hot copycat market
Look at it this way, there is a drama now, hey
Come on, let the MEME market come more violently
Cointelegraph
🇺🇸 BREAKING: Fed’s Waller says interest rate cuts could begin as early as July.
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TechFlow
Words: Beosin
On June 18, Nobitex, Iran's largest crypto exchange, announced that it had been hacked and lost about $100 million, involving a variety of cryptocurrencies such as BTC, ETH, Doge, XRP, SOL, TRX, and Ton. A pro-Israel group called "Gonjeshke Darande" has claimed responsibility for the attack, characterizing it as a strike against Iran's crypto infrastructure. The Beosin security team immediately analyzed and tracked the funds for the incident, and shared the results as follows:
The flow of stolen funds
This attack involved multiple blockchain networks, and through Beosin Trace analysis, the attacker's addresses have been confirmed as follows:
TRON Network: TKFuckiRGCTerroristsNoBiTEXy2r7mNX
Ethereum network: 0xffFFfFFffFFffFfFffFFfFfFfFFFFfFfFFFFDead
BTC Network: 1FuckiRGCTerroristsNoBiTEXXXaAovLX
Solana Network: FuckiRGCTerroristsNoBiTEXXXXXXXXXXXXXXXXXXXXXXXXX
Ripple Network: rFuckiRGCTerroristsNoBiTEXypBrmUM
TON Network: UQABFuckIRGCTerroristsNOBITEX1111111111111111_jT
Harmony Network: one19fuckterr0rfuckterr0rfuckterr0rxn7kj7u
Dogecoin Network: DFuckiRGCTerroristsNoBiTEXXXWLW65t
Among them, 23,531 TRX and 49,439,310 USDT were stolen from the TRON network, with a total loss of about $49.45 million, and the flow of funds is as follows:
Beosin Trace Money Flow Chart
939,556 USDT, 262.87 ETH, and a variety of Ethereum ecosystem project tokens (UNI, AXS, PEPE, MASK, MEME, AAVE, etc.) were stolen from the Ethereum network, with a total loss of about $8.2 million. Here are the main stolen asset flows of the Ethereum network:
Beosin Trace Money Flow Chart
18.47 BTC was stolen from the Bitcoin network, with a loss of about $1.93 million, and the following is where the stolen funds from the BTC network went:
Beosin Trace Money Flow Chart
373,852 XRP was stolen from the RIpple network, with a loss of approximately $800,000:
Beosin Trace Money Flow Chart
173 SOL, 336,067 WIFs, and 31,954 RENDERs were stolen from the Solana network, resulting in a total loss of approximately $400,000:
Beosin KYT Money Flow Chart
The Dogecoin network was stolen with 39,409,954 Doge, with a loss of approximately $6.7 million, while the Harmony and TON networks together lost approximately $400,000. At present, more addresses of the attacker are still being investigated and confirmed, and Beosin Trace and KYT have added the above-confirmed addresses related to the attacker to the black address database, and will continue to track them in the future.
Nobitex response
Immediately after the attack, Nobitex issued a public statement stating that the majority of the exchange's crypto assets are still stored in secure cold wallets and remain unaffected. In addition, Nobitex has taken steps to isolate the attacked systems and enhance their security posture to reduce the risk of similar attacks in the future.
According to media reports, as a result of the attack, Iran's central bank has instructed all domestic cryptocurrency exchanges to limit their business hours to between 10 a.m. and 8 p.m., imposing stricter regulatory measures on the exchanges involved.
summary
Nobitex is not only the largest crypto exchange in Iran, but also a key hub in Iran's heavily sanctioned crypto ecosystem, providing access to global markets for those who do not have access to traditional finance. This attack highlights the inherent conflict between the borderless nature of cryptocurrencies and national geopolitics, and once again demonstrates the urgent need for the crypto ecosystem to continuously conduct blockchain intelligence and on-chain and off-chain risk analysis.
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雪大人
Last time, my friend pressed the car and got on the car #ZEUS about 3X
Just came again #DEGEN cost nearby
ca:0x420658a1d8b8f5c36ddaf1bb828f347ba9011969
雪大人
Everyone should have taken 🈹 off
#姨太链比较慢 Hold on to the profit #MEME #ETH
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Memecoin price performance in USD
The current price of Memecoin is $0.0015200. Over the last 24 hours, Memecoin has decreased by -2.56%. It currently has a circulating supply of 47,831,151,018 MEME and a maximum supply of 69,000,000,000 MEME, giving it a fully diluted market cap of $73.04M. At present, Memecoin holds the 0 position in market cap rankings. The Memecoin/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Memecoin is a cryptocurrency that was created on the Ethereum blockchain. It is a social experiment and a source of amusement within the cryptocurrency landscape.
Memecoin does not have any inherent functional utility, intrinsic value, or the expectation of financial returns, unlike some other cryptocurrencies such as Bitcoin or Ethereum. Despite its lack of traditional use-cases, Memecoin has carved out its own niche within the cryptocurrency universe. Its impact and value are derived from its dynamic community and the whimsical charm of internet memes.
How does Memecoin work
Memecoin is a cryptocurrency that works differently from traditional cryptocurrencies such as Bitcoin and Ethereum. It does not have any inherent applications and its value is derived from the collective entertainment that it brings to the world of cryptocurrencies.
The volatility of Memecoin's trading volume makes it challenging to use traditional market approximation techniques to value it. However, Memecoin has managed to create a significant impact within the global cryptocurrency market due to its unique and entertaining nature.
About the Founder
Memecoin was founded by the team at Memeland, a web3 venture studio that was spun off from 9GAG, a leading global meme platform. 9GAG has over 200 million monthly followers and is ranked among the top 500 websites globally. The team at Memeland has over 15 years of experience in building community-focused products and has worked with hundreds of distinguished brands, thousands of leading creators, and millions of passionate supporters.
Memeland is focused on the potential of social banking and the Creator Economy. Since June 2022, the team has launched three non-fungible token (NFT) collections: You The Real MVP, The Captainz, and The Potatoz.
Highlights of Memecoin
Memecoin raised $15.80 million USD in two pre-sale rounds. Private investors purchased 12% of the total supply, and the Memeland community purchased 11%. As of October 27, 2023, the total supply of MEME tokens is 69 billion, with a circulating supply of approximately 8.8 billion tokens upon listing, representing about 12.75% of the total supply.
The Memecoin whitepaper states that MEME is not intended to serve as a medium of exchange, a representation of money, or a security, share, or debenture. It does not offer any rights to exchange MEME for goods or services, voting rights in the Memeland ecosystem, participation in any enterprise's business operations, or any entitlement to profits, dividends, or revenue. MEME does not represent any indebtedness or the promise of a financial return.
Memeland has not released a roadmap or made any explicit promises to investors or the community. Despite its lack of traditional utility and value expectations, Memecoin brings a new perspective to the cryptocurrency world, fueling a global culture of humor and fun.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 55K new posts about Memecoin, driven by 20K contributors, and total online engagement reached 9.6M social interactions. The sentiment score for Memecoin currently stands at 80%. Compared to all cryptocurrencies, post volume for Memecoin currently ranks at 125. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Memecoin.
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Posts
55,484
Contributors
20,291
Interactions
9,585,390
Sentiment
80%
Volume rank
#125
X
Posts
43,905
Interactions
4,083,559
Sentiment
83%
Memecoin FAQ
How much is 1 Memecoin worth today?
Currently, one Memecoin is worth $0.0015200. For answers and insight into Memecoin's price action, you're in the right place. Explore the latest Memecoin charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Memecoin, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Memecoin have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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