2024-3-19 09:13 |
Solana (SOL) and its meme tokens endure substantial dips amid the broad market slump. SOL has lost 10% within the past day, whereas BOME paused its upswings with a 51% plunge.
Meanwhile, players looking for the next crypto to boom continue to flock to the new Memeinator (MMTR). The project is in the final stage of its initial coin offering (ICO), with over $7 million raised.
BOME plummets on massive sellingBook of Meme entered a relentless fall after its latest bull ride, losing 50% in the past day. It traded at $0.009439 at press time.
BOME 1D Chart on CoinmarketcapFurther, BOME’s 24-hour trading volume jumped 14% to $2,477,039,733, presenting it as among the most traded cryptos (on a daily timeframe).
Nevertheless, BOME gained a massive 800% over the past week, yielding enormous returns for its investors.
The meme token resorted to downsides after exchange Binance announced possible insider trading following Book of Meme’s remarkable upsurge.
Massive sales from Book of Meme’s sundayfundday.sol address contribute to the substantial price fall. The top holder continued to trim his BOME holdings in the past ten hours.
BOME's largest personal holding address, sundayfundday.sol (AcLH…ST8z), sold 190 million BOME into 19,600 SOL through Raydium, with a current value of approximately $3.62 million. Currently sundayfunday.sol still holds 1.242 billion BOME, worth approximately $29.8 million
— Megha Singh (@MeghaSingh85) March 17, 2024Also, the ongoing bearishness in the broad market dragged Book of Meme down. Digital coins have slumped notably ahead of the upcoming FOMC meeting.
Invezz highlighted how memecoins propelled Solana to outshine Ethereum in 24hr trading volume. That shows individuals interested in SOL and its meme tokens over Ether-based projects.
Memeinator maintains momentum as presale nears an endThe game-changer meme crypto is in the final stage of its presale and showcases massive stability, having raised over $7 million from experienced and new investors. The team remains confident that the presale will sell out before the final stage concludes.
Memeinator is a new crypto intending to eliminate worthless meme assets to ensure legitimacy within the sector. Its AI-powered Memescanner tool will scan and destroy subpar memecoins.
The project attracts investors as it prioritizes utility over speculations and hype.
Memeinator promises profitable opportunities for holders of its native coin MMTR, including access to the P2E Meme Warfare game, governance, staking, and exclusive NFTs.
Should you invest in MMTR?Memeinator is among the projects looking to dominate trends in 2024. Its presale has gained massive attention recently despite starting slowly.
MMTR witnesses skyrocketed investor interest in its final presale stage, confirming trust in its future potential.
The meme token trades at $0.0292, and positive developments, including the April Bitcoin halving, resurging NFT market, and the expected Ethereum ETFs, will likely help it attain the $1 billion market capitalization target.
A market cap of $1B would mean incredible uptrends for MMTR price, yielding colossal gains for investors.
You can find more about Memeinator here.
The post Investors shift to Memeinator (MMTR) as Solana’s memecoin frenzy ends appeared first on Invezz
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