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Sead Fadilpašić
Journalist
Sead Fadilpašić
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Get your weekly, bite-sized digest of meme coin news.
This week read about:
• Meme Coin News: Market Highlights
• Has Meme Coin Market Matured? An Insider Says ‘Yes’
• Memstagram Social-fi Meme-to-Earn App is Featured on Coinbase Wallet
• TON P2E Fishing Game CoinFish Launches Next Week
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Meme Coin News: Market Highlights
Meme coins are having a green day.
Over the past 24 hours, the meme coin market capitalization has increased by 2.5% to $58.3 billion.
Very few coins are red today.
The MOO DENG (MOODENG) coin has suffered the biggest loss over the past 24 hours. It’s down 20.1% to $0.00008239.
JESUS COIN (JESUS) is next, with an 11.5% drop, followed by HarryPotterObamaSonic10Inu (ETH) and Toshi (TOSHI), with decreases of around 9% each.
On the other hand, Goatseus Maximus (GOAT) is the day’s top gainer, having appreciated nearly 140% to $0.1098.
Harambe on Solana (HARAMBE)’s 45.3% led it to the price of $0.04606, while sixteen other coins recorded double-digit increases.
When it comes to the top 10 meme coins per market cap, only three are down today.
Baby Doge Coin (BABYDOGE) saw a 1.8% drop, followed by Dogwifhat (WIF)’s 0.8% and Coq Inu (COQ)’s 0.3%.
The day’s best performer is Floki Inu (FLOKI). It’s up 6.4% to $0.00015.
It’s followed by Turbo (TURBO)’s 4.8% and Pepe (PEPE)’s 4.7%.
The number one meme coin per market cap, Dogecoin (DOGE), appreciated the list. It’s up less than 0.5%, trading at $0.11208.
Has Meme Coin Market Matured? An Insider Says ‘Yes’
In current meme coin news, Andrei Grachev, co-founder of DWF Labs, a digital asset market maker and multi-stage Web3 investment firm, argued that the meme coin market has evolved to reach maturity.
In a tweet, he said this market segment is “a well-established and mature part of the industry.”
According to Grachev, it “leveraged fear and greed on steroids that allows smart investors and traders to make a fortune.”
He added that investments in meme coins remain one of DWF Lab’s priorities.
The company has been supportive of the sector for a while now.
For example, in In June this year, Milady Meme Coin (LADYS) announced a $5 million investment from DWF Labs.
Besides the capital, the company also said it would provide the meme coin project with strategic guidance and ecosystem support.
“We are excited to support their team to unlock more opportunities for development, collaboration, and community engagement,” DWF Labs said at the time.
Furthermore, in September, the team announced a strategic partnership with GraFun, a memecoin launchpad on BNB Chain.
Per the announcement, DWF Labs would utilize its experience in market making and liquidity provision to support tokens launched via GraFun.
“By supporting liquidity and facilitating seamless trading and market stability, their involvement will help new memecoin projects thrive, reducing volatility and promoting healthier market dynamics,” it said.
Memstagram Social-fi Meme-to-Earn App is Featured on Coinbase Wallet
Social-fi app Memstagram, built on crypto exchange Coinbase’s Base chain, is now featured on Coinbase Wallet, in a move that makes the app accessible to millions globally.
According to the press release, the partnership improves Memstagram’s mission of “pushing the boundaries of decentralized social media.”
Coinbase Wallet users can now join Memstagram’s ecosystem and earn rewards for participating in the decentralized meme economy.
Memstagram CEO Ignas Survila said that this integration is “an incredible opportunity for us to share our vision of empowering meme creators and crypto enthusiasts alike to own their content and be part of the onchain revolution.”
The announcement added that the move enables Memstagram to expand its reach, thus improving accessibility and participation in the on-chain meme economy “without compromising security.”
Memstagram allows users to create memes and engage with them.
They earn rewards by voting in meme battles or using the AI-powered meme generator.
“The platform incorporates fun, creativity, and blockchain technology, allowing users to submit memes and earn crypto rewards, making meme culture more interactive and rewarding,” the team said.
TON P2E Fishing Game CoinFish Launches Next Week
In other meme coin news this week, blockchain and crypto-focused innovation lab MEETLabs announced that its incubated TON ecosystem clicker game CoinFish will initiate an airdrop event on October 23.
According to the press release, CoinFish is a Web3 game that simultaneously combines fishing with business simulation, eliminating the need for continuous online fishing.
Players fish to feed stray cats, whom they raise, and also participate in the operation of the marine product market.
Through this fish market simulation, the game increases the “profit per hour” parameter.
It also uses referral systems and diverse gameplay to increase income, the team said.
The press release said that “the daily activities and task system simplify the game process, allowing players to easily obtain daily rewards and interact with friends for mutual benefits.”
Additionally, players can create their own cat-raising circle. They can invite friends to raise cats in the cloud and share Bonus rewards.
This, said the team, enhances the game’s social and participatory aspects.
Moreover, MEETLabs’ invested and incubated Crypto Gaming project CryptoPlay includes “a series of large-scale Web5.0 gaming products” such as CoinFishing, CoinHunting, and Monopoliverse, for both PC and mobile platforms.
“As the pre-operational segment of the fishing game CoinFishing, CoinFish will also continue to provide more P2E opportunities for community contributors and in-depth participants,” the team added.
