🚀 Week in Memes: Scandals and Supercycles.
FaZe Banks drama hits MLG token! Murad sits on tens of millions in unrealized gains! Market cap drops 5% to $71.5B! SPX6900 leads gainers with +15.61%! VINE explodes 200% on Elon tweet!
Let's dive into this week's meme madness. 🧵 👇
1/6
📈 Market Overview:
Meme coin market cap slides 5% from $74.98B to $71.50B amid range-bound crypto blues. Major cryptos Bitcoin, Ethereum, Solana, XRP and BNB stuck in sideways action for nearly a month. FOMC holds rates at 4.5% with no cuts, keeping markets in limbo while meme volatility does all the talking.
2/6
⚠️ Drama & Supercycle Signals:
FaZe Banks faces pump-and-dump accusations over MLG token involving streamer Adin Ross, now in full damage control mode. Meanwhile, crypto investor @MustStopMurad has tens of millions in unrealized meme gains, which is reigniting the "meme supercycle" debate across CT. DeFiLlama shows memes dropped 14 spots to rank 15th just as supercycle chatter heats up. Meanwhile, @bonk_fun is outpacing @PumpdotFun with 69% vs 19% of all launches as the PUMP token continues to struggle
3/6
🏆 Top Performers and Decliners:
🔹 SPX6900 (SPX): +15.61%
🔹 Brett (BRETT): +10.70%
🔹 Mog Coin (MOG): +9.54%
🔹 MemeCore (M): -22.83%
🔹 Fartcoin (FARTCOIN): -21.56%
🔹 Bonk (BONK): -9.86%
4/6
💰 Cross-Chain Meme Coin Highlights:
🔹 VINE rockets over 200% after Elon Musk drops the ticker in tweet.
🔹 REKT surges 45% becoming top mindshare gainer across all crypto.
🔹 CHEEMS gains 10% on BitmapPunks partnership.
🔹 DEGEN jumps 5% earning S-tier ranking on Base Hub.
🔹 LOFI climbs modest 3% ahead of trading challenge.
5/6
💡 Key Takeaways:
🔹 Monitor FaZe Banks’ situation for broader meme market sentiment impact.
🔹 Watch Murad's positions for supercycle validation signals.
Stay informed, stay ahead:
6/6
30.01K
15
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.