Memecoin

Dutch exchange Bitvavo has added TOSHI, a memecoin built on Coinbase’s Base layer-2 network. The token, named after Brian Armstrong’s cat, is part of a larger ecosystem including NFTs and a launchpad, and has seen a recent 98% price increase.

Memecore (M) saw its price plummet by 40% in two hours, sparking fears of a rug pull after a large holder, Meson Finance, sold a significant portion of its tokens. The price has partially recovered, but the incident highlights the volatility of memecoins.

While the crypto market remains sluggish, the AI-generated memecoin Turbo doubled in price suddenly, with trading volume exploding. The surge may be linked to large purchases by new wallets, but future gains are uncertain.

The Solana-based memecoin BONK is now tradable via an ETP on the SIX Swiss Exchange, offering access to traditional investors. This move comes as the token and the broader memecoin market suffer significant losses, with BONK down over 80% from its all-time high.

A Texan trader turned $11,000 into nearly half a billion dollars using memecoin sniper bots, while an AI trading experiment showed mixed results and a Cardano investor lost over $6 million in a single trade due to a liquidity error.