Get your weekly, bite-sized digest of meme coin news.
This week read about:
- Meme Coin News: Market Highlights
- Base Chain Rising as Home for Meme Coins
- BRETT at the Top Among Base-Based Meme Coins
- BONK Enables Email Login, Launches E-cards
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Meme Coin News: Market Highlights
The meme market capitalization increased by 1.8% over the last 24 hours. It currently stands at $52.2 billion.
Dogecoin (DOGE) is at the top per market cap, with 20.76 billion.
In second place is Shiba Inu (SHIB), having seen a market cap of $13.84 billion.
Pepe Coin (PEPE)’s cap is significantly smaller, standing in third place with $3.7 billion.
DOGE also holds tight to the first place per 24-hour market volume, with $52.6 billion.
Dogwifhat (WIF) is in the second place, recording $889 million.
This is a significant difference between the two first positions.
Looking at the prices over the past 24 hours, three out of the top 10 meme coins per market cap are down today.
These are WIF, COQ, and MEME, each down between 0.5% and 2%.
SHIB is the best performer in this category, as its price appreciated 4% to $0.00002.
BONE follows it, increasing by 2.6% and trading at $0.57782.
The remaining coins are up between 0.5% (BABYDOGE) and 2% (DOGE).
All of these coins’ prices have dropped over the past seven days.
WIF sank 19%, DOGE decreased by 14.5%, FLOKI is down 12.8%, SHIB declined by 8.1%, and PEPE fell 3%, among others.
Base Chain Rising as Home for Meme Coins
Base has been receiving increasingly more attention since its launch – and may be on its way to surpassing Solana. This would be very beneficial for the coins it houses.
There are several reasons why this may occur. Coinbase’s Ethereum layer-2 blockchain is expecting significant ecosystem developments, but also on-chain metrics are nothing to ignore.
Important developments include Base Chain Smart Wallet and a smart contract called ‘Magic Spend.’
As for on-chain metrics, looking at Base’s 24-hour trading volume, we find it at $125.47 million today, according to DeFiLlama.
At the beginning of this year, that number was just 21.63 million.
Furthermore, its total value locked (TVL) stands at $1.508 billion, nearing its $1.65 all-time high.
Again, at the beginning of the year, TVL stood at $437 million. This is a massive 245% increase over four months.
As for Solana, it has $4.02 billion in TVL, compared to $1.4 billion at the beginning of the year. This is a 187% increase.
Its current 24-hour volume is $598.93 million, compared to $545.88 on January 1.
Besides the discussions about Base potentially surpassing Solana, there are also debates over which chain is faster.
Base is slower than Solana:
5x slower blocktimes and 10-60x less TPS (depending on demand)
Its biggest block yesterday had over 94% failed rates (even higher than Solana
Coinbase wallet is also on Solana (not to mention Solflare, Phantom, Backpack are the best wallets in… pic.twitter.com/1KbL34ja90
— mert | helius | hSOL (@0xMert_) April 10, 2024
BRETT at the Top Among Base-Based Meme Coins
Speaking of the Base chain, this is a good opportunity to check out its top 10 meme coins.
The Base meme coins’ market capitalization today is $877 million.
Brett (BRETT) is at the very top per market cap with $289.4 million.
DEGEN is next with $235.1 million.
These two coins alone account for $524.5 million out of the $877 million.
TOSHI is the only other coin with a market cap of over $100 million.
Over the last 24 hours, only three coins – NORMIE, HIGHER, and BRETT – are down. While the first two fell around 10% each, the third is down 4%.
As for the green coins, BOOMER is the best performer by far. It’s up nearly 40% to $0.03265.
DOGINME is in the distant second place with a rise of 12% to $0.0002355.
The rest are up between 0.5% and 5%.
However, the 7-day picture is entirely red.
HIGHER and NORMIE saw the largest drop, each over 30%.
Meanwhile, DEGEN recorded the highest 24-hour volume of $26.6 million.
Mfercoin (MFER) is in the second place with $9.3 million.
BONK Enables Email Login, Launches E-cards
Meme coin BONK announced several developments this week.
On Wednesday, the project’s teams revealed that it joined hands with TipLink, a lightweight wallet designed to make transferring digital assets as easy as sending a link.
BONK said its users can now use only email login on BONKrewards and lock their coins.
There are currently over 3.28 trillion BONK locked there.
Study this UX, there are lessons in here.
— TipLink (@TipLinkOfficial) May 7, 2024
Per TipLink’s documentation, a crypto user can create a TipLink and send that link to anyone over any platform, be it a text, discord, email, or something else.
“The amazing thing is, the link is the wallet,” it said.
TopLinks can hold SOL, SPL tokens (tokens that operate on the Solana blockchain), non-fungible tokens (NFTs), and semi-fungible tokens (SFTs).
Therefore, TipLink offers decentralization and self-custody without seed phrases, key management, apps, and browser extensions, the project stated.
Then, on Saturday, BONK announced that it launched BONKmark E-cards ahead of Mother’s Day.
Thanks to the collaboration with TipLink, it allows users to send BONK anywhere with email only, and “have moms all over the world use their BONK.”
Tomorrow is Mother's Day and The Dog wanted to give you a way to say "I Love You" with a BONK bonus
Introducing BONKmark E-cards, which allow users to send BONK anywhere and have moms all over the world use their BONK. All you need is an email address!
Head over to… pic.twitter.com/5I70bIh2AV
— BONK!!! (@bonk_inu) May 11, 2024
Shoutout to @bonk_inu for making it fun and easy to send cards for various holidays via email.
Try it out for Mother's Day!
Your mom can simply login with Google to claim if she doesn't have a wallet. https://t.co/1fJ5jSvI98 pic.twitter.com/nlVAz6R0R7
— TipLink (@TipLinkOfficial) May 12, 2024
BONK said it would show the recipients how to send the BONK to a CEX, change it to fiat, or deposit it to BONKrewards.
E-cards include several designs for Mother’s Day, celebrations, and milestones.
The post Meme Coin News: Top 10 Base Meme Coins, BONK Partners With TipLink appeared first on Cryptonews.
