Meme Coin News: Global MemeDay, PEPE Whales Buy Dips, Lucky Catoshi Reveals New Rewards
This week read about:
- Meme Coin News: Market Highlights
- June 9 Becomes the Global Meme Day
- PEPE Whales Buy the Dip
- Lucky Catoshi Launches a ‘Tweet-to-be-Rewarded’ Lucky Draw Project
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Meme Coin News: Market Highlights
The meme coin market is showing a mixed picture today.
Its market capitalization is unchanged over the past 24 hours, having moved up just 0.3% to $61.6 billion.
Most meme coins – though a small majority – in the top 100 category are down.
AMATERASU OMIKAMI (OMIKAMI) fell the most: 14.1% to $0.08218.
Next is GME, which, after several days of jumping higher in the green territory, decreased by 12.2% to $0.01986.
On the other hand, the majority of the green coins have seen double-digit increases.
ChompCoin (CHOMP) is the winner in this category. It increased 56% to $0.7385.
SPIKE is next, with a 42.3% increase to the price of $0.03065.
However, most of the top 10 meme coins per market cap are down today.
Only two coins are up over the past 24 hours.
TURBO appreciated nearly 19% to $0.00611, making it the day’s winner.
PEPE is also up: 0.8% to the price of $0.00001.
Meanwhile, the highest drop was Floki Inu (FLOKI)’s 4.8%. It currently trades at $0.00026.
Baby Doge Coin (BABYDOGE) is next with a 3.5% fall, while the rest of the list is down below 2.5%.
The two top coins are down as well, both less than 1%. Dogecoin (DOGE) now trades at $0.14474, while Shiba Inu (SHIB) changes hands at $0.00002.
June 9 Becomes the Global Meme Day
In meme coin news today, Web3-focused venture studio Memeland, the creators of Memecoin (MEME), has declared June 9 as Meme Day.
This day is meant to “celebrate and remind Web3 of the power of community,” the press release said.
Meme Day drew inspiration from Web3’s annual Bitcoin Pizza Day. It has the same intention: to become an annual tradition for the Web3 community.
I'm joining my @Memeland fam to celebrate 6/9 the #MemeDay at @McDonalds!
I’m Lovin’ MEME! ❤️🔥
{Don’t forget your photo!}
Hello Seoul! 🇰🇷 pic.twitter.com/B460mz2BK8— Karen ❤️ Memecoin (@karenckarenc) June 9, 2024
The CEO of Memeland, Ray Chan, the founder of 9GAG, commented that “Meme Day is more than just a celebration; it’s a manifestation of our community’s strength and unity.”
As people gather in different locations, the day is about “coming together, sharing a laugh, and reinforcing our connections, both online and offline.”
Therefore, this community will set a new precedent in the Web3 world, where community-driven initiatives lead to meaningful, real-world interactions and traditions.
Each regional event united community members, echoing the Memeland mantra: ‘I’m lovin’ MEME!,’ the announcement said.
This year, the meetups were set at ten locations in Asia, the UK, and the US.
Meanwhile, MEME is down 1.3% in the last day, trading at $0.02441. It dropped 20% in a week.
PEPE Whales Buy the Dip
PEPE has seen quite a rollercoaster over the past month or so.
In the second half of May, the popular coin jumped nearly 90% in a week to $0.00001699.
The price has since dropped to $0.00001259.
Notably, on June 7, the price experienced a sudden 11.25% drop before reaching higher again.
At this point, whales used the opportunity to fill the bags at a discount.
The Nascent team bought nearly $6 million in PEPE at the time, Lookonchain found.
Nascent(@nascentxyz) bought 447.67B $PEPE ($5.85M) after the $PEPE price dropped.https://t.co/xqW0EhCNEj pic.twitter.com/sbiNBOrWya
— Lookonchain (@lookonchain) June 8, 2024
Then, on June 9, the price took another dip. Though smaller percentage-wise than the previous one, the price itself fell lower.
A whale used this chance to buy nearly $3 million in PEPE.
A whale bought 231.6B $PEPE($2.9M) from #Kraken again 7 hours ago.
The whale has bought a total of 750.34B $PEPE($8.34M) from #Kraken at an average price of $0.00001111 since Mar 16.https://t.co/AbxrKcG4So pic.twitter.com/iXfFmyDmMg
— Lookonchain (@lookonchain) June 9, 2024
The coin currently trades at $0.00001259.
Overall, it’s down 17% in a week, up 48% in a month, and up 1,234% in a year.
Lucky Catoshi Launches a ‘Tweet-to-be-Rewarded’ Lucky Draw Project
In other meme coin news today, Lucky Catoshi has announced a meme coin project that offers more than 1% of its token supply to users through social media interactions.
The press release says that participants can win 1% or more of the LUCK token supply just by tweeting.
For a chance to win the tokens, users enter the random draws facilitated by the project’s ‘luck machine.’
The luck machine is similar to a slot machine. Participation is free for daily spins. Additional spins can be earned through referrals or tweets.
This is “a novel approach to community engagement and participant rewards,” the team argued.
The initiative aims to move beyond the typical meme coin space and promote positivity to onboard users to Web3.
Lucky Catoshi is a meme coin project launched on the Coinbase-backed Layer 2 blockchain Base. Its token supply is 1 billion LUCK tokens.
The project is characterized by the figure of Catoshi Nekomoto. The figure merges the iconic Japanese waving cats (Neko cats) with the Bitcoin founder Satoshi Nakamoto.
