Meme Coin News: The Best 10 Meme Coins, BONK Teams Up With TipLink
By Sead Fadilpašić
Published on May 13, 2024, at 11:41 EDT | Read Time: 4 min
Stay up-to-date with the latest news on meme coins with our weekly, concise summary.
This week’s highlights:
Meme Coin News: Market Overview
The market capitalization of meme coins has increased by 1.8% in the past 24 hours, reaching a total of $52.2 billion.
Leading the market cap is Dogecoin (DOGE), with $20.76 billion.
Shiba Inu (SHIB) follows closely behind with a market cap of $13.84 billion.
Pepe Coin (PEPE) holds the third spot with a significantly smaller market cap of $3.7 billion.
DOGE also dominates the 24-hour market volume, with $52.6 billion.
In second place is Dogwifhat (WIF), with a trading volume of $889 million.
There is a notable difference between the top two positions.
Source: cryptonews.com/coins/meme-coins/
Looking at the price changes over the past 24 hours, three out of the top 10 meme coins by market cap have experienced a decline.
These coins are WIF, COQ, and MEME, with price drops ranging from 0.5% to 2%.
SHIB has shown the best performance in this category, with a 4% price increase to $0.00002.
BONE follows closely with a 2.6% increase, trading at $0.57782.
The remaining coins have seen price increases ranging from 0.5% (BABYDOGE) to 2% (DOGE).
However, all of these coins have experienced price drops over the past seven days.
WIF has declined by 19%, DOGE by 14.5%, FLOKI by 12.8%, SHIB by 8.1%, and PEPE by 3%, among others.
Base Chain Emerges as a Prominent Platform for Meme Coins
Since its launch, Base has been gaining increasing attention and may soon surpass Solana, which would greatly benefit the coins it hosts.
There are several reasons why this could happen. Base’s Ethereum layer-2 blockchain is expecting significant ecosystem developments, and its on-chain metrics are impressive.
Key developments include the Base Chain Smart Wallet and the ‘Magic Spend’ smart contract.
In terms of on-chain metrics, Base’s 24-hour trading volume has reached $125.47 million today, according to DeFiLlama.
At the start of the year, this figure was just $21.63 million.
Furthermore, Base’s total value locked (TVL) is currently at $1.508 billion, nearing its all-time high of $1.65 billion.
At the beginning of the year, TVL stood at $437 million, representing a massive 245% increase over four months.
Source: defillama.com
On the other hand, Solana’s TVL has increased by 187%, reaching $4.02 billion compared to $1.4 billion at the beginning of the year.
Its 24-hour trading volume is currently at $598.93 million, compared to $545.88 million on January 1.
Aside from the discussions about Base potentially surpassing Solana, there are also debates about which chain is faster.
BRETT Tops the List of Base-Based Meme Coins
Speaking of the Base chain, let’s take a look at the top 10 meme coins on this platform.
The market capitalization of Base meme coins is currently at $877 million.
At the top is Brett (BRETT) with a market cap of $289.4 million.
DEGEN follows closely behind with $235.1 million.
These two coins alone account for $524.5 million out of the total $877 million.
TOSHI is the only other coin with a market cap exceeding $100 million.
Source: coingecko.com
In the past 24 hours, only three coins – NORMIE, HIGHER, and BRETT – have seen a decline in price. The first two have dropped by around 10%, while the third is down by 4%.
Among the coins experiencing growth, BOOMER has shown the most significant increase. It has risen by nearly 40% to $0.03265.
DOGINME takes second place with a 12% increase, trading at $0.0002355.
The remaining coins have seen price increases ranging from 0.5% to 5%.
However, over the past seven days, all the coins have experienced a decline in price.
HIGHER and NORMIE have seen the largest drop, both over 30%.
DEGEN has recorded the highest 24-hour trading volume of $26.6 million.
Mfercoin (MFER) follows in second place with $9.3 million.
BONK Introduces Email Login and E-card Feature
Meme coin BONK has announced several developments this week.
Firstly, the project has partnered with TipLink, a lightweight wallet designed to simplify the transfer of digital assets by using a link.
BONK users can now log in using their email on BONKrewards and secure their coins.
Currently, there are over 3.28 trillion BONK locked on the platform.
According to TipLink’s documentation, a crypto user can create a TipLink and send it to anyone over any platform, such as text, Discord, email, etc.
“The amazing thing is, the link is the wallet,” it said.
TipLinks can hold SOL, SPL tokens (tokens operating on the Solana blockchain), non-fungible tokens (NFTs), and semi-fungible tokens (SFTs).
Therefore, TipLink offers decentralization and self-custody without the need for seed phrases, key management, apps, or browser extensions, as stated by the project.
Additionally, BONK has launched BONKmark E-cards just in time for Mother’s Day.
Thanks to the collaboration with TipLink, users can now send BONK anywhere using only email and allow moms from all over the world to use their BONK.
BONK will guide recipients on how to send BONK to a CEX, convert it to fiat, or deposit it to BONKrewards.
The E-cards feature various designs for Mother’s Day, celebrations, and milestones.
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