Odaily News CZ responded on Binance Square regarding how retail investors can navigate Meme coins, stating, "I think the issue is with my tweets. I tweeted that if you buy Meme coins created by people based on my tweets, you will definitely lose money. Many people generate Memes based on my tweets. If you buy all of them, you won't succeed. I'm not a very good Meme Trader; I don't know what the correct strategy is for some creators to make money. So, if you buy all the Memes people create based on my tweets, you will lose money. If you are a Meme creator, you must develop your own strategy. I don't know what the correct strategy is, but I believe for Meme coins to last, they must have a very strong cultural element. If you look at some of the more enduring Memes, like DOGE, FLOKI, etc., they have lasted a long time, while new Memes carry higher risks."
Odaily News According to on-chain data analysis platform Bubblemaps, @beaverd, the winner of X platform's $1 million creator article competition, has been found to be the suspected operator of addresses involved in multiple Memecoin pump-and-dump schemes, with estimated historical profits of around $600,000. Bubblemaps stated that after tracking their public address, it was discovered that their associated wallet (2mQB8o) had issued the token SIAS on Pump.fun. The market cap of this token once rapidly surged to approximately $6 million before plummeting to zero within a short period, and the related social media accounts were also deleted.
It is reported that @beaverd recently won a $1 million prize for the best article on the X platform and has gained significant attention within the crypto community due to their Web3-native identity and Milady NFT profile picture.
According to SoSoValue data, the cryptocurrency market sectors continue their downward trend. The Meme sector fell 5.01% in the past 24 hours, with MemeCore (M), which had seen significant gains previously, dropping 29.56%. However, BUILDon (B) and PIPPIN (PIPPIN) bucked the trend, rising 11.24% and 39.36% respectively. Meanwhile, Ethereum (ETH) fell 1.67%, holding above $2,000. Notably, Bitcoin (BTC) remained relatively resilient, gaining 1.13% and breaking through the $70,000 mark.
In other sectors, the PayFi sector declined 0.82% over 24 hours, with Telcoin (TEL) within the sector rising 1.82%. The DeFi sector fell 0.85%, although Hyperliquid (HYPE) saw an intraday surge of 3.26%. The CeFi sector dropped 0.94%, but Aster (ASTER) posted a significant gain of 8.19%. The Layer1 sector decreased 1.87%, while Kaspa (KAS) rose 6.03%. The Layer2 sector fell 1.91%, with Stacks (STX) down 3.20%.
The cryptocurrency sector indices, reflecting historical sector performance, show that the ssiRWA and ssiDeFi indices rose 3.31% and 1.61% respectively, while the ssiMeme index fell 6.07%.
According to Odaily, Gate DEX's trading tool Meme Go has officially launched a weekly trading check-in event: BNB Chain Special. Users who participate in trading any Meme token on the BNB Chain within the specified time and meet the corresponding trading conditions will have the opportunity to share a prize pool of 20,000 USDT.
Meme Go is an efficient Meme trading and chain-scanning tool launched by Gate DEX. It assists users in accurately capturing token issuance and trading opportunities, driving efficient returns through millisecond-level full-chain scanning, an intelligent trading engine, and customized analysis.
According to monitoring by GMGN, the BSC chain-based Meme token BULLA experienced a rapid decline from last night to early this morning, dropping over 90% in approximately 8 hours. Market data shows that the price of BULLA once fell to $0.021, with its market cap sharply retreating from a recent high of nearly $400 million to around $22 million currently. The 24-hour trading volume is approximately $109 million.
Odaily reminds users that Meme tokens are subject to high price volatility, and investors should be aware of the risks. M
