Get your weekly, bite-sized digest of meme coin news.
This week read about:
- Meme Coin News: Market Highlights
- KAMA Coin Continues Trending, Sees Significant Uptrend
- Trump/MAGA Coins Drop Despite Trump’s Pledge to End ‘Anti-Crypto Crusade’
- Death of Solana Celebrity Meme Coins
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Meme Coin News: Market Highlights
The meme market capitalization is up 3.6% over the past 24 hours. It has reached $55.7 billion.
MUMU THE BULL (MUMU) is the day’s best performer. It’s up 54% to the price of $0.0001111.
Several other coins have recorded significant increases. ZynCoin (ZYN) and mini (MINI) are up 34.6% and 33.2%, respectively.
MAD’s price is up by 26.7%, while 11 other coins saw double-digit rises.
On the opposite side, we find three coins with double-digit drops.
These are Bill the Bear (BILL) with 19%, Basenji (BENJI) with 14%, and MAGA Hat (MAGA) with 11%.
However, all top 10 meme coins are green today.
TURBO is the biggest gainer in this category. It’s up 7.4% to the price of $0.0057.
It’s followed by PEPE’s 4.1% and Coq Inu (COQ)’s 4%.
Baby Doge Coin (BABYDOGE) is the day’s smallest gainer, with 0.7%, but most coins in this category appreciated between 1.7% and 3.8%.
The first among meme coins – and the 9th coin per market capitalization overall – Dogecoin (DOGE) appreciated 2.3%, currently trading at $0.13472.
KAMA Coin Continues Trending, Sees Significant Uptrend
Kamala Horris (KAMA), a coin related to the current US Vice President and presidential candidate Kamala Harris is still trending on major on-chain metrics and price tracking platforms.
Notably, the coin’s price has seen a significant increase of 34% over the past seven days.
It also appreciated 460% in two weeks and 1,071% in just 30 days.
Over the past day, however, it’s turned red. At the time of writing, it’s down 2.9%, currently trading at $0.02318.
KAMA all-time price chart:
The coin has also increased by 3,552% from its all-time low, while it’s down 42.5% from its all-time high of $0.03919 recorded five days ago.
Meanwhile, Kamala Harris’ percentage on Polymarket continues rising as well, now standing at 38% compared to Donald Trump’s 60%.
As reported last week, KAMA surged in price after bookmakers gave Harris a 92% chance of being the Democrat Presidential candidate following President Joe Biden’s withdrawal from the 2024 race.
Last Thursday, it was announced that KAMA will be listed on the CoinW exchange as well.
Per this announcement, the token had 10,000 holders by the publishing time, with a liquidity pool of $800,000.
Trump/MAGA Coins Drop Despite Trump’s Pledge to End ‘Anti-Crypto Crusade’
Meme coins related to the previous US president and current candidate, standing opposite Kamala Harris, Donald Trump, have seen drops in their prices over the past day.
As we see below, the TRUMPIE coin is green, having increased nearly 6%, while most coins have fallen between 1% and 8%.
Trump Mania (TMANIA) decreased the most on this list (41%), followed by FreeTrump (TRUMP) (7.8%).
Coins related to Trump’s slogan ‘Make America Great Again’ (MAGA) are also down.
Fight to MAGA is down nearly 26%, while MAGA Hat decreased by 16% at the time of writing.
Probably the best-known Trump/MAGA-related coin is MAGA (TRUMP). It is red across the board.
Currently trading at $5.6, it is down 3% over the past 24 hours, 18% in a week, and 32% in two weeks.
Overall, it decreased 22.4% in the past year.
MAGA all-time price chart:
The coin is up 49,719% from its all-time low. It hit its all-time high of $17.51 two months ago and is down 68% since.
Meanwhile, these drops have continued despite Trump’s purported support for crypto during the Bitcoin 2024 Nashville conference.
He said he’d present his plan “to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower of the world and we’ll get it done.”
“I pledge to the Bitcoin community that the day I take the oath of office, Joe Biden and Kamala Harris’s anti-crypto crusade will be over,” he stated.
Death of Solana Celebrity Meme Coins
Though a meme coin resurrection would not be surprising, quite a few have recorded massive falls over the previous month, reaching a death point.
This is particularly the case for the celebrity-related coins launched on the Solana blockchain, which had previously seen an explosion in the crypto space, albeit a brief one.
These celebrities include Doja Cat, Iggy Azalea, Soulja Boy, 50 Cent, Davido, Waka Flocka, Floyd Mayweather, Hulk Hogan, Lil Reese, etc.
Twitter user Slorg, from the Jupiter exchange, claimed that “every single coin is down from their all-time high with an average decrease of 94%.”
This has occurred within a single month.
The market-caps don’t fare much better:
22 of the 30 have under a $1 million market-cap at the time of writing.
The remaining 8 are listed below: pic.twitter.com/c1pGXKTznz
— Slorg (@SlorgoftheSlugs) July 25, 2024
Slug noted some of the tokens on the list remain ‘active’ but in the sense that somebody’s tweeting about them “regularly.”
“With only 40% tweeting about the token at least once in the last week, most have followed the same trajectory of an initial pump, and then nothing,” Slug wrote. “Only a handful are still earnestly trying to varying degrees of success.”
The thread went on to imply that some of these may be “blatant pump and dumps.”
The best performers on the Solana celebrity meme coin list are DADDY, JENNER, MOTHER, and ALEXIS, but all are down by over 70%.
For the same coins highlighted by Slorg, Bubblemaps argued that insiders owned between 20% (MOTHER) and 90% (PRESI) of supplies.
we checked how much of the supply was sniped by insiders in those celebrity coins
supply control is bullish 🤡 https://t.co/TtPPnWN0mI pic.twitter.com/Csr8SJGw86
— Bubblemaps (@bubblemaps) July 26, 2024
