Meme Coin News: Global MemeDay, PEPE Whales Buy Dips, Lucky Catoshi Reveals New Rewards
In the latest news from the world of meme coins, here are some highlights to keep you up to date:
Meme Coin News: Market Highlights
The meme coin market is showing a mixed picture today, with its market capitalization staying unchanged at $61.6 billion over the past 24 hours, marking a slight increase of 0.3%. While most meme coins in the top 100 category are down, there are a few exceptions. AMATERASU OMIKAMI (OMIKAMI) experienced the biggest drop, falling by 14.1% to $0.08218, followed by GME, which decreased by 12.2% to $0.01986. On the other hand, some green coins saw double-digit increases, with ChompCoin (CHOMP) leading the way with a 56% increase to $0.7385. SPIKE followed with a 42.3% increase to $0.03065. Despite this, most of the top 10 meme coins by market cap are down today.
June 9 Becomes the Global Meme Day
In a significant development, Web3-focused venture studio Memeland, the creators of Memecoin (MEME), have declared June 9 as Meme Day. This day aims to celebrate and emphasize the power of community within the Web3 space, drawing inspiration from Web3’s annual Bitcoin Pizza Day. Memeland CEO Ray Chan expressed that Meme Day signifies more than just a celebration; it represents the strength and unity of the community. The day serves as an opportunity for community members to come together, share laughs, and strengthen connections, both online and offline, setting a new precedent for community-driven initiatives within the Web3 world.
PEPE Whales Buy the Dip
PEPE has seen significant fluctuations over the past month, with a notable jump in the second half of May followed by subsequent drops. Notably, on June 7, the price experienced a sudden drop, prompting whales to seize the opportunity and fill their bags at a discount. The Nascent team bought nearly $6 million in PEPE, while another whale took advantage of a dip on June 9 to purchase nearly $3 million in PEPE. Despite these fluctuations, the coin currently trades at $0.00001259, marking an overall increase of 48% in a month and a staggering 1,234% in a year.
Lucky Catoshi Launches a ‘Tweet-to-be-Rewarded’ Lucky Draw Project
Lucky Catoshi has introduced a unique meme coin project that offers users a chance to win 1% or more of the LUCK token supply simply by tweeting. Participants can enter random draws facilitated by the project’s ‘luck machine,’ which operates similarly to a slot machine. Users can earn additional spins through referrals or tweets, with the aim of promoting positivity and engaging users in the Web3 space. Lucky Catoshi, launched on the Coinbase-backed Layer 2 blockchain Base, features the figure of Catoshi Nekomoto, merging Japanese waving cats with the Bitcoin founder Satoshi Nakamoto, and aims to bring a fresh approach to community engagement and participant rewards in the meme coin space.