US congressman Mike Collins goes from altcoins to memecoins
US congressman Mike Collins invested in a dog-themed memecoin this week and, after posting a photo of Pepe, its price shot up by 116%.
US congressman Mike Collins invested in a dog-themed memecoin this week and, after posting a photo of Pepe, its price shot up by 116%.
In recent months, a total of $3.5 million worth of SOL has been raised by Pump Fun memecoins promoted via hacked X and Instagram accounts.
New research corroborates earlier findings that the vast majority of memecoins crash after their initial promotion and never recover.
As bitcoin rallied, Nayib Bukele tweeted the Just A Chill Guy meme. Immediately, Solana traders pumped that memecoin 65% within 90 minutes.
Litecoin, once described as the crypto silver to bitcoin’s gold, is now apparently self-identifying as a meme coin.