Bitcoin (BTC) has started the week in the red, with the price down over 1% and trading considerably below the $97,000 level at $96,400. The flagship currency dipped to a low of $96,144 before recovering to its current level.
Beyond PENGU, airdrops from Dymension, Omni Network, zkSync, and LayerZero boosted Pudgy Penguins holders' earnings significantly throughout 2024.
What if the next meme coin explosion is happening right now? Investors are constantly hunting for the next viral crypto that could yield astronomical gains.
The NFT market continues its downward trend even as crypto prices stabilize.
The market dynamics for memecoins appear to have changed to a large extent as they are displaying a vibrant price action. While some manifested a monstrous rally like TRUMP, others like WIF maintain a calm upswing, and memecoins like Dogecoin are stuck within a range waiting for the right time to trigger a breakout.
Cryptocurrency prices rebounded on Saturday, with Bitcoin moving above $97,500 and the market cap of all tokens soaring to $3.25 trillion. The crypto fear and greed index exited the fear zone and moved neutral at 43. So, let's explore some of the top-performing crypto market stories of the day.
WIF shows signs of a potential rebound, supported by bullish technical indicators such as the TD Sequential buy signal, oversold RSI, etc. signaling a possible price recovery.
Dogwifhat (CRYPTO: WIF) and the TRUMP (CRYPTO: TRUMP) meme coin are emerging as the highest gainers on Friday, putting in significant rallies from their bottom valuations. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend OFFICIAL TRUMP (CRYPTO: TRUMP) $23.00 $4.6 billion +41.6% +33.7% Dogwifhat (CRYPTO: WIF) $0.7399 $739.1 million +26.8% +2.7% SPX6900 (CRYPTO: SPX) $0.8429 $784.7 million +17.3% +38.6% Trader Notes: Influencer Cryptomist noted that market bias is shifting upward, suggesting that Dogwifhat should follow suit.
Pudgy Penguins token is showing signs of bottoming out after crashing nearly 90% from its all-time high. Pudgy Penguins (PENGU) price rose to $0.011 on Friday, up by almost 20% from its all-time low.
The crypto space experienced a major setback during the first half of February, highlighting increased volatility. However, the market has displayed a significant recovery this week. Following this, the memecoin segment has recorded the highest gains.
Trading for these Solana-based tokens is set to begin on or after 9 AMPT on February 13, 2025, provided liquidity conditions are met. These new additions continue Coinbase's push to expand its offerings, especially within the growing Solana ecosystem.
Coinbase announces support for POPCAT and PENGU, leading to price surges and increased trading volumes while introducing perpetual futures trading.
Upbit followed Binance's example and allowed trading services with TRUMP.
PENGU and POPCAT will available for trading on Coinbase starting Feb. 13 at 9:00 AM PT (17:00 UTC), boosting both tokens' prices.
Newly launched altcoins often receive a lot of hype, resulting in their initial price jumps. However, historical data reveals that most of these face a sell-off right after that, continuing for weeks or even months.
Coinbase, the third-largest centralized exchange by trading volume, has announced the listing of Popcat (SOL) (POPCAT) and Pudgy Penguins (PENGU) on the Solana (SOL) network.
Memecoins have taken a fearful beating over the last couple of months. Some are down as much as 85% and more.
The total market capitalization of the meme coin niche tanked to approximately $75 billion.
The Solana meme coins market has rebounded, valued at $11.7 billion, with a 4.4% increase in the past 24 hours. Among the notable meme coins are SPX, Popcat, and WIF, which continue to gain attention due to their potential to deliver massive gains.
Wouldn't it be great if a small crypto investment today turned into life-changing profits tomorrow? Meme coins have proven time and time again that the right project at the right time can generate unimaginable gains.
With history as a guide, is this another prime ‘buy-the-dip' moment, or has WIF lost its spark?
Bitcoin (BTC) remained sluggish over the weekend, hovering between $96,000 and $97,000. However, it dipped below $95,000 early on Monday, falling to a low of $94,855 before rebounding and moving to its current level of $97,450.
It was possible that a range formation between $0.69 and $0.74 would play out over the next few days.
Here is how some of your favorite assets concluded the week.
Memecoins PENGU and TRUMP are facing heavy losses and, nobody knows what's coming next.
The NFT market has pulled back sharply alongside a broader crypto selloff, with Bitcoin falling to $96,000 and Ethereum tumbling to $2,600. The latest data shows that the overall crypto market cap has contracted to $3.
Whales and spot traders are taking opposing calls on WIF.
The saga began after the Dec. 5 announcement of PENGU, the project's Solana-based memecoin, which initially sparked a rally in NFT prices.
Coinbase put three new assets on its listing roadmap: PENGU, POPCAT, and MORPHO. This announcement only caused momentary price gains for all three tokens, possibly suggesting that the market is less interested.
Cryptocurrencies on Feb.7, 2025, traded largely mixed. While several altcoins, including Flare (FLR) and Ripple (XRP), gained, recent outperformers such as Pudgy Penguins (PENGU), Bittensor (TAO) and Hyperliquid (HYPE) struggled with downside pressure. Bitcoin's retest of the $100k level was brief as the price retreated to below $98k.
Coinbase announces plans to list three new altcoins – POPCAT, PENGU, and MORPHO – following recent additions of popular memecoins, signaling expanded trading opportunities.
It now seems a distant memory when memecoins would spike hundreds, and sometimes thousands of percent in short periods of time. Are the crypto memes dead or dying now?
Bitcoin's (BTC) slide under the $97,000 mark sent all the major altcoins to print red indexes all around. As the decline continues, crypto whales are finding this period as the “Buy the dip” opportunity and scooping top meme coins like Pepe and dogwifhat (WIF).
Pudgy Penguins recently burned over $150 million in unclaimed Solana tokens after ending its PENGU token claim earlier than expected.
Big players in the crypto market are making waves again, and this time, they're betting big on meme coins. According to Spot On Chain, a smart whale has secured a massive $13.75 million profit while trading Pepe (PEPE). Meanwhile, another whale grabbed millions worth of WIF from Binance, sparking speculation about the next move.
WIF's price faces challenges, with technical indicators showing mixed signals for a potential reversal.
Despite the continuous price decline in Dogwifhat (WIF), the popular Solana-based meme coin is gaining significant attention from crypto enthusiasts. Recently, the popular blockchain-based transaction tracker Onchain Lens shared a post on X (formerly Twitter), revealing that a newly created wallet withdrew 9.47 million WIF tokens worth $6.90 million from Binance. Whale Buys 9.
Coinbase has announced plans to introduce perpetual futures contracts for three digital assets—PENGU, Popcat, and Helium (HNT). The new markets will launch on Coinbase International Exchange and Coinbase Advanced on February 13, 2025.
Coinbase, the top U.S.-based cryptocurrency exchange, has announced trading support for perpetual futures for Pudgy Penguins, Popcat, and Helium. On Feb. 6, Coinbase said it will add support for Pudgy Penguins (PENGU), Popcat (POPCAT) and Helium (HNT).
Three tokens – Ethena (ENA), Dogwifhat (WIF), and Dogizen (DOGIZ) – are currently making headlines for their respective price movements. ENA and WIF are grappling with significant market volatility, while DOGIZ is experiencing a surge in price in its ongoing presale ahead of its anticipated exchange listing. Ethena (ENA) dips below $0.
$16 million worth of these tokens were scooped up from the giant crypto exchange Binance on Thursday.
The crypto market is marginally down, with price action remaining mixed. Bitcoin (BTC) has slipped below $98,000 over the past 24 hours.
Pudgy Penguins recently burnt 12 billion PENGU tokens but the move did not prevent an 11.5% drop in token price.
Solana-based meme coin dogwifhat (WIF) has experienced a sharp downturn over the past week. It has shed 33% of its value during that period and currently trades at a February 2024 low.
Meme coin whales nabbed significant market attention amid the recent turbulent landscape, heavily purchasing Pepe coin (PEPE) and Dogwifhat (WIF). On-chain data on Thursday revealed that roughly $16 million worth of the abovementioned tokens were bought from the cryptocurrency exchange behemoth Binance.
Pudgy Penguins burned unclaimed Solana airdrop tokens earlier than originally planned, and PENGU's price dipped lower afterwards.
After a somewhat difficult start to the week, stablecoins, meme coins, and the crypto market in general saw a glimmer of light yesterday, with the introduction of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act. Introduced by US senator Bill Hagerty, the bill aims to establish a regulatory framework for stablecoins.
After its massive crash, Dogwifhat (WIF) has turned from a viral sensation to a struggling meme coin. The dog-themed token was the face of the gains at the beginning of 2024, creating an ATH of nearly $5 in March 2024.