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Sead Fadilpašić
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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
- Iggy Azalea’s MOTHER Goes Live on Bybit, Announces a ‘Cexy Aidrop’
- TRUMP/MAGA Coins See Mixed Performance Despite Trump Family’s Increasing Crypto Talk
- KAMA Drops Today, While Kamala Harris Overtakes Donald Trump on Polymarket and Polls
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Meme Coin News: Market Highlights
The meme market capitalization has seen a 6% fall over the past 24 hours. At the time of writing, it stands at $40 billion.
Among the top meme coins per market cap, only nine are up today.
Wrapped DOG (WDOG) has increased by 45% to $0.01731.
Certain Donald Trump and MAGA-related coins have also seen increases, which will be discussed further below.
IlluminatiCoin (NATI) went up 10.3%, AMATERASU OMIKAMI (OMIKAMI) is up 2.4%, and Cat-Dog (CATDOG) appreciated 1.2%.
The rest of the list is up less than 1%.
On the other hand, Smoking Chicken Fish (SCF) fell the most: 33.1% to $0.04063.
It’s followed by AURA’s 24.5%, BILLY’s 21.2%, and HABIBI’s 21.1%.
The other coins on the red list are down below 20% each, with quite a few seeing double-digit drops.
Looking at the top 10 meme coins per market cap, we find that all of them are red today.
Turbo (TURBO) and Dogwifhat (WIF) have dropped the most, each with a double-digit fall.
The former’s price decreased by 11.6% to $0.0038, while the latter fell 10.8% to $1.65.
PEPE is next, with a 9% decrease, trading at $0.00001.
The smallest decrease is Baby Doge Coin (BABYDOGE)’s 6.4%, trading at $0.000000001039.
The top two coins in this category are Dogecoin (DOGE) and Shiba Inu (SHIB). These saw declines of 7.8% and 6.5% to $0.10142 and $0.00001, respectively.
Top Meme Coin News: Iggy Azalea’s MOTHER Goes Live on Bybit, Announces a ‘Cexy Aidrop’
in meme coin news today, Australian rapper Iggy Azalea and crypto exchange Bybit announced on Friday that the Mother Iggy (MOTHER) token is live on the exchange.
The celebrity meme coin is now available for trading.
The MOTHER/USDT perpetual contract went live on Bybit with up to 12.5x leverage, the exchange said in the announcement.
Azalea has often tweeted that one of her goals for her token is to have it listed on major centralized exchanges (CEXes).
She added that this Bybit listing is “the first of many.”
Additionally, the rapper announced “a cexy MOTHER X BYBiT merch drop.”
Per the website, new users registered under Mother Iggy during the event have a chance to receive a Position Airdrop from MOTHERUSDT.
The Position Airdrop will be unlocked after completing the Airdrop task in the Rewards Hub.
The event lasts for another 28 days.
Meanwhile, the price of MOTHER fell 9.3% over the past 24 hours. At the time of writing, it’s trading at $0.04252.
It is up 32% in a week and 28.6% over the past month.
The coin appreciated 803% from its all-time low ($0.004709 seen in May) and declined 81% from its all-time high ($0.2306 seen in June).
MOTHER all-time price chart:
TRUMP/MAGA Coins See Mixed Performance Despite Trump Family’s Increasing Crypto Talk
Coins related to the former US president Donald Trump, as well as his ‘Make America Great Again’ (MAGA) slogan, have seen a mixed performance over the past day.
Both smaller and larger coins have recorded losses, as well as significant increases in an overall red market.
For example, Pepe Trump (PTRUMP) fell nearly 11% by the time of writing, while Super Trump (STRUMP) is down 9.6%.
However, MAGA (TRUMP) – the largest among these coins – is also down 2.1% today.
It’s up 5% in a week and down 50% in a month.
TRUMP 24-hour price chart:
At the same time, MAGA Hat (MAGA) appreciated 21% to the price of $0.0000608. This coin is also up nearly 51% in a week.
MAGA Hat 24-hour price chart:
Also, Maga Fight For Trump (TRUMPCOIN) is up 41.1% over the past 24 hours, and Fight To Maga (FIGHT) saw a 35% increase.
Meanwhile, Trump’s son, Donald Trump Jr., recently announced plans to launch a new decentralized finance (DeFi) cryptocurrency platform to “take on” banks.
He provided no specific details or a timeline.
The Trump family has generally turned to using crypto as a part of the election campaign, likely wanting to draw in more voters.
Trump himself previously called BTC a scam” but has changed his tune ahead of the 2024 US presidential election.
He also recently suggested using BTC or a “crypto check” to address the country’s $35 trillion national debt.
KAMA Drops Today, While Kamala Harris Overtakes Donald Trump on Polymarket and Polls
In other meem coin news today, KAMA, the coin connected to the current US Vice President and potential next president, Kamala Harris, has had quite a day, even a week.
Over the past 24 hours, it is down 9.1% to the price of $0.01447.
KAMA 24-hour price chart:
However, overall, the coin is up 45% in a week and 48.5% in a month. The latter significantly surpassed the MAGA (TRUMP) coin, which saw a 50% decrease in the same period.
Additionally, Harris has surpassed Trump in a Polymarket bet predicting the 2024 US presidential election winner.
Harris now stands at 52%, compared to Trump’s 45%.
Harris is also leading several of the latest national polls.
However, with the November election approaching, Harris’ supporters are urging her and her campaign to clarify their position on cryptocurrency.
Following her sudden presidential bid announcement at the end of July (when Joe Biden left the race), Harris has largely avoided discussing economic issues, including crypto industry-related matters.
This is in stark contrast to her rival Trump who, even though not providing specifics or detailed plans, has claimed to support the industry.
Sheila Warren, CEO of the Crypto Council for Innovation, commented that Harris recognizes the importance of crypto, but it’s unclear how this will translate into her policy agenda.
Both industry insiders and other crypto supporters are urging the current Vice President to clarify her stance asap, as the perception that she is against digital assets could cost her votes.
