Normie Exploit Leads to Over $1M Loss for Memecoin Trader
Due to the Normie smart contract exploit, a memecoin trader has suffered a financial loss exceeding $1 million in digital assets. According to a May 26 X post by Lookonchain, the memecoin merchant spent over $1.16 million to acquire 11.23 million Normie (NORMIE) memecoins, but his initial investment dropped by over 99% to $150. “He spent $1.16M […]
Trader Gets $23M Reward Trading Solana Memecoins
A temecoin trader cashed out $6.28M trading BONK, $9.51M trading WIF, and $7.04M from BODEN Solana meme-themed tokens. Lookonchain, a firm that analyzes blockchain technology, identified the activities of a trader using the Solana Name Service account “paulo.sol” on April 26. Beamdog (WIF), Jeo Boden (BODEN), and Bonk (BONK) meme tokens generated profits for the […]
ETH Trader Gains $6M After Spending $8K on Memecoin
A month after investing $8,300 in a memecoin with a frog picture, an Ether trader is now $6M richer due to the token’s meteoric price increase on April 11. The market capitalization of the memecoin Apu Apustaja (APU) increased to nearly $200 million on April 11 due to a significant price surge. Before its recent […]
Polkadot Hits Milestone of 600K Active Addresses
The number of active addresses on the Polkadot blockchain has increased to a record milestone of 600,000. By the end of March, Polkadot had over 600,000 active addresses on-chain, based on data from DotLake that Polkadot revealed in an April 7 X post. “The Polkadot ecosystem is still growing, with many apps using dedicated blockspace […]
Vitalik Buterin Expresses Dismay Over Ongoing Memecoin Frenzy
In a recent post on X, Ethereum co-founder Vitalik Buterin expressed profound dismay over meme coins, igniting a compelling narrative and international attention. Meme tokens such as DOGE, SHIB, and WIF have recently experienced significant price increases. However, market sentiment was contradicted in a post by Vitalik, which outlined numerous reasons meme currencies are regarded […]