The newly launched PENGU token has stolen the spotlight after becoming the largest Solana-based memecoin by market capitalization. The token's rally has gathered massive interest from large-scale investors, who have heavily invested in the token over the last few days.

Bonk DAO voted in favor of another decrease in the token's supply. The community gathered 1.69T tokens, which were burnt from the DAO's multi-sig wallet.

The Bonk Decentralized Autonomous Organization (DAO) has carried out the much-anticipated token burn, burning over a trillion BONK tokens. This provides a bullish outlook for the top Solana meme coin, although its price has yet to react to this development.

Despite the token burn, BONK struggles with resistance and bearish market sentiment, limiting potential gains.

In late November, the developing team behind the popular Solana-based meme coin coin BONK proposed to burn 1 trillion tokens that the community would contribute during an event named BURNmas. On Wednesday, they announced that they have surpassed that target and will now be burning a total of 1.

Pudgy Penguins (PENGU) price has surged 12% in the last 24 hours, surpassing BONK to become the largest meme coin in the Solana ecosystem with a market cap of approximately $2.5 billion.

The Solana-based meme coin BONK is preparing for a burn of 1.69 trillion tokens, valued at approximately $55 million. This is following its successful BURNmas campaign.

The Sui Network (SUI) will unlock nearly $300 million worth of its native token on January 1, 2025. This is part of Sui tokenomics and monthly unlock schedule that inflates SUI's circulating supply and dilutes investors' holdings.

PEPE bullish momentum has taken a hit, with the price retreating to a crucial support level at $0.00001748. This setback puts the bulls under pressure to hold the line as bearish forces regain strength.

BonkDAO's “BURNmas” event plans to burn 1.69 trillion BONK tokens worth $54 million, reducing the total supply by 1.8%.

The broader Solana meme coin market surged to $18.2 billion, representing a 10.3% increase over the last day, driven by PENGU's performance.

A $54.52 million worth of token burn is the goal of this Solana meme community-driven project to increase BONK's demand in the crypto market.

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The native token of the Sui blockchain experienced a significant surge ahead of Christmas Eve despite the overall weakness that the crypto market has displayed as investors believe that this network could easily compete and beat Solana at its own game. On December 23, the $SUI token experienced a 9% increase that pushed to $4.

PEPE, the frog-themed meme coin, is witnessing massive activity on the cryptocurrency market that could signal bullish sentiment. In the past 24 hours, over 1.14 trillion PEPE have been traded in a move that signals renewed interest in the asset.

The Sui (SUI) bulls remain very much in control on the eve of Christmas Day 2024, with the price last around $4.60, only just below the record highs it hit near $5.0 earlier in the month. The post Sui (SUI) Price Analysis – Break Above $5.0 Imminent as On-chain Activity Booms appeared first on Cryptonews.

Pepe coin price joined other meme coins in a rebound as the Santa Claus rally happened on Christmas Eve. Pepe (PEPE), the third-biggest meme coin, surged in a high-volume environment as investors bought the recent dip.

According to widely-followed crypto influencer ‘artchick,' Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) will not be the main meme coin beneficiaries of a rally. The influencer's forecast hinges on Bitcoin (CRYPTO: BTC) maintaining its momentum and Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) outperforming.

PEPE has lost 36% from its peak, breaking below crucial EMAs and nearing oversold RSI levels. A recovery depends on holding key support and breaking resistance at $0.00001950, while further declines may test long-term stability.

SUI was among the top gainers on Tuesday as cryptocurrencies attempted recoveries after last week's double-digit declines. The altcoin gained over 5% within the previous day to reclaim the psychological mark at $4.50. With the total value locked (TVL) maintaining uptrends over the past month, SUI's price displays stability.

Apart from day traders, the rest should be wary of BONK's bullish chances until the $0.00004 resistance is flipped to support.

PEPE has experienced a significant drop, losing 36% from its most recent peak. After a notable decline, the token has been having difficulty regaining its footing and is currently trading close to $0.00001806.

Bonk has risen by 0.5% in the past 24 hours, as its DAO gears up to burn over 1 trillion BONK. The post BONK Targets 1 Trillion Burn by Christmas – Could Prices Explode 328,000%? appeared first on Cryptonews.

The Pepe price has jumped by 2% in the past 24 hours, with the meme token showing signs of recovery just as its TD Sequential indicator flashed a buy signal over the weekend. The post PEPE Price Set to Explode? $2.6 Billion Volume and ‘TD Sequential' Signal Massive Rebound appeared first on Cryptonews.

In the rapidly evolving world of blockchain technology, Sui, Toncoin, and Solana are cutting-edge platforms designed to address the limitations of traditional blockchains while pushing the boundaries of scalability, speed, and efficiency. In this article, we'll study how these blockchains are reshaping the decentralized ecosystem, addressing key challenges like scalability, speed, and efficiency.

The better-performing altcoins have lost between 20-30% during this downturn so far. However, in the memecoin niche things are a lot worse, with losses amounting to 40-60%.

XRP, SUI, and HBAR key technical patterns signal bullish breakouts, potential consolidation, and critical price targets as Bitcoin price stagnates.

Sui Network's DeFi ecosystem saw significant growth in 2024, with increased institutional interest, stablecoin offerings, and innovations like DeepBook V3 and Sui Bridge.

The PEPE trading community, known for its bold moves and meme-fueled enthusiasm, has set its sights on a rising altcoin, PCHAIN, that analysts predict will outperform the market by Q2 2025.

Dogecoin, Pepe, and Peanut technical analysis reveals mixed prospects, with potential rebounds and bearish risks for December 2024 and January 2025 sessions.

The price of Sui has dropped by 3.5% in the past 24 hours, yet traders are predicting that it will continue growing as its platform looks to rival Solana. The post Sui Is Down but Analysts Say It's Gearing Up to Become the “Next Solana” appeared first on Cryptonews.

PEPE shows signs of a breakout with $2.6 billion volume surge and TD Sequential buy signal flashing!

Fear and uncertainty fill the Solana (SOL) meme coin scene! Tokens like Dogwifhat (WIF) and Bonk (BONK) are bleeding value, leaving many investors frustrated and anxious. Once the darling of internet culture, these coins have seen their prices plummet, sparking questions about their future.

Pepe coin price has experienced a sharp crash, undoing most of the gains made earlier this month when it surged to a record high. While the price has stabilized in the past few days, a rare chart pattern on the daily chart points to a potential 35% crash.

It seems like every day Sui has some new big announcement. Given the fast growth of the project and its ecosystem, it's easy to see why.

Can PEPE coin skyrocket and grow 100x in just 30 days? Let's check the possibilities and key factors.

Bitcoin's recovery toward $100,000 could attract buyers to SUI, BGB, ENA, and VIRTUAL.

Bulls remain in control of the cryptocurrency space even as the fear & greed index eases to a neutral level of 59 as at the time of writing. Analysts forecast an unparalleled bull run in 2025; an aspect that has pushed investors to look for profitable investment opportunities beyond Bitcoin.

The performance of Bitcoin (BTC -1.27%) this year has been nothing short of extraordinary. It's now up about 46% since the election on Nov. 5, and 146% year to date.

DOGE's social dominance climbed to its highest level in almost 18 months on 13 November.

SUI has shown a remarkable bullish comeback, overcoming earlier setbacks with impressive strength. The cryptocurrency has steadily gained ground, attracting attention.

Bonks community-backed 1 trillion token burn is sparking fresh momentum as the $0.11 price goal takes center stage. With a Christmas deadline and rapid market growth, Bonk is capturing the attention of crypto investors worldwide.

The founder's daring price objective has added gasoline to the fire of market speculation. More than 810 billion tokens have already been verified for burning since the campaign's debut.

The crypto market shows signs of resurgence, offering investors lucrative opportunities. These four Altcoin to Hold stand out with potential for significant growth before 2025.

Most meme coin prices rebounded on Saturday, Dec. 21, after falling for most of the week, with their combined market cap rising by 4.7% to $109 billion. Shiba Inu (SHIB) price rose by 12.6% to an intraday high of $0.

The $0.00004 resistance zone identified on the daily chart had a sizeable concentration of liquidation levels around it.

In a recent recovery on Saturday, Solana-based BONK led the rally among dog-themed meme coins, as Bitcoin bounced back above $98,000 after a steep drop to around $93,000 on Friday. Memecoins Surge As per data from Coingecko, BONK surged 30%, while Dogecoin, Shiba Inu, Dogwifhat and Floki Inu surged as much as 20%.