You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/memecoin-hype-continues-to-influence-the-crypto-market/" data-wpel-link="internal">Memecoin Hype Continues to Influence the Crypto Market</a> 
Memecoin hype continues at full speed and keeps affecting the <a href="https://en.coin-turk.com/unveiling-hashkeys-surge-in-crypto-trading-volume-amidst-market-scrutiny/" data-wpel-link="internal">crypto market</a>. A leading memecoin launchpad, Pump.fun, saw its revenue exceed $30 million as creators release tens of thousands of memecoins on Solana daily. This increase in Pump.fun’s activities shows growing interest and ongoing <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investments</a> in the memecoin sector. 
<h2 style="text-align: justify" id="strong-memecoin-market-and-celebrity-factor-strong">Memecoin Market and Celebrity Factor</h2> 
Celebrities have played a crucial role in drawing attention to the memecoin ecosystem. Notable figures like Caitlyn Jenner and Iggy Azalea have actively participated in the memecoin hype. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-359147" src="https://coin-turk.com/wp-content/uploads/2024/06/Altcoin-Memecoin-Pump.fun_.png" alt="" width="602" height="451"> 
Jenner launched her token on Pump.fun and Ethereum (ETH), using the proceeds to support former US President Donald Trump. Meanwhile, Azalea introduced her token named MOTHER on Solana in response to an organizer’s attempt to launch a token called IGGY. The involvement of such significant figures indicates increasing mainstream interest in memecoins. 
The past month has been particularly active for memecoin enthusiasts. Roaring Kitty, one of the leading figures of the 2021 memecoin rally, returned to the social media platform X. 
Pump.fun made headlines due to a significant issue involving a former employee’s $1.9 million <a href="https://newslinker.co/category/cybersecurity/" target="_blank" rel="noopener" data-wpel-link="exclude">hack</a>. The death of Shiba Inu Kabosu, which inspired Dogecoin, also marked a notable moment in the memecoin world. Despite these events and partly due to the surprise approval of a spot Ethereum ETF and positive inflation data from the US, excitement in the crypto and memecoin markets remains high. 
<h2 style="text-align: justify" id="strong-trading-activity-remains-high-on-politifi-strong">Trading Activity Remains High on PolitiFi</h2> 
Last week, PolitiFi, a new sub-sector involving memecoins linked to lawmakers, saw a significant increase in trading activity. This resurgence followed Trump’s conviction in the hush money case. The continued interest in politically-themed memecoins demonstrates the diversity and evolving nature of the memecoin market. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/memecoin-hype-continues-to-influence-the-crypto-market/" data-wpel-link="internal">Memecoin Hype Continues to Influence the Crypto Market</a></h5>

Memecoin Hype Continues to Influence the Crypto Market

Table of Contents

COINTURK NEWS

Other articles published on Jun 4, 2024

Users Earn Rewards by Playing Games on Mobox (MBOX)

Only These 8 Altcoins Have Breached All-Time Highs Against Bitcoin After FTX Crash

Investors are Rapidly Switching to MoonBag, the Top Crypto Presale, Leaving Behind Established Co...

BlockDAG Presale Delivers 850% ROI for Early Investors With $41.6M Presale; Latest Updates on Dog...

Will This Breakout Boost PENDLE Price Beyond $10?

3 Cryptocurrencies Aiming for Market Dominance in 2024: BlockDAG, Chainlink, and Toncoin

Join our free newsletter for daily crypto updates!