CoinDesk Podcast Network MARKETS DAILY: Crypto Update | Memecoin Boom or Bust?
Feb 10, 2025
Dive into the rollercoaster world of memecoins where new tokens like TST and CAR are soaring while others like Pump.fun plunge dramatically. With shifting trading activity and mixed expert opinions, is this the end of the memecoin craze or just a temporary dip? The discussion also highlights the challenges faced by trading platforms and the evolving sentiment among retail investors. Join the ride through this speculative frenzy for insights and entertainment!
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Meme Coin Hype Waning?
- Meme coin hype might be fading as new Pump.fun token launches drop 50% and trading slows.
- New listings end in losses, and insiders might be selling to retail investors at inflated prices.
Meme Coin Success Stories
- TST, mentioned by Binance founder CZ, exploded to a $300 million market cap.
- David Portnoy promoted Jailstool, which skyrocketed and got listed on Kraken.
CAR Launches Meme Coin
- The Central African Republic launched its own meme coin, CAR.
- The president aims to boost national development and global visibility through it.