Dima 🎩🐹
@chevapchevapovic
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Maneki, Moo Deng, and Sundog have surged between 40% and 55% over the past 24 hours as meme coins dominate crypto trading following Donald Trump’s victory in the U.S. presidential election for a second term.
Bitcoin jumping to a new all-time high above $76k to reach a new peak for the second day in a row has bulls rearing to go. The surge also saw 11k new Bitcoin millionaires emerge.
However, meme coins have shown the largest gains among the top 500 coins by market cap, drawing significant attention.
Maneki, the Solana-based cat-themed meme coin, leads with over $55% in gains at the time of writing. The Maneki token, off a recent top sports deal, has seen its price reach a three-month high above $0.009. The meme coin traded at lows of $0.006 earlier in the day.
Another meme coin to outpace the rest of the top 500 coins is Moo Deng, the meme coin on Solana based on the viral baby Hippo Moodeng. Over the past few months, MOODENG has skyrocketed to new highs amid catalysts such as Binance futures listing. 1 reply
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Binance is prioritizing Thailand as a key market in its mission to reach one billion users, with crypto-friendly regulations seen as a driving factor.
Cryptocurrency exchange Binance is betting big on Thailand as it aims to bring crypto mainstream worldwide, spotlighting the country’s regulatory openness, The Bangkok Post reports, citing Binance chief marketing officer Rachel Conlan.
Per Conlan, Thailand ranks among Binance’s top 20 markets worldwide, with local crypto penetration estimated at 12%, double the global average of 6%. She also praised Thailand for taking a “pioneering approach to crypto” and working to establish regulations and a framework “in the right way.”
Binance, which gained 60 million users in the past six months, attributes its growth to increased institutional adoption and positive developments like ETF approvals, Conlan said, noting the exchange sees a 20% global adoption rate as mainstream, a milestone it aims to reach within three years. 3 replies
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Toncoin’s price continued its strong sell-off on Monday as most tap-to-earn tokens on its network crashed and burn volume retreated.
Toncoin retreated to $4.90, down 41% from its highest point this year. It has also fallen nearly 30% since Aug. 24, when its founder Pavel Durov was arrested in France.
The sell-off coincided with mixed news about its ecosystem. On the positive side, stablecoin volume in the ecosystem has soared to over $1 billion for the first time.
Most of these coins are Tether, the industry’s largest stablecoin. An increase in stablecoins is a sign that the network is gaining traction among users, as they are the primary currencies used in the blockchain industry.
Toncoin’s price has, therefore, dropped due to several weak metrics in the ecosystem. For example, data from TonStat shows that the daily number of TON tokens burned has sharply declined in recent days, standing at 6,373, much lower than the year-to-date high of over 32,000. 3 replies
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