Why Are AI Tokens and Meme Coins Suddenly Surging?

Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌       [CoinMarketCap Spotlight Logo](~/AAQRxQA~/RgRn6S_cP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPXJwbnFnMGtodTFnalcDc3BjQgpmBNyqBmZ0FRxnUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   TGIF! It's the moment we've all been waiting for - the decision that has captivated the industry and dominated headlines for over two years has finally arrived. The fate of Sam Bankman-Fried, the infamous founder of the once-mighty FTX exchange, has been sealed. His story reads like a Shakespearean tragedy - a young, ambitious entrepreneur who rapidly achieved celebrity status and unimaginable wealth, only to have it all come crashing down in one of the most catastrophic corporate meltdowns in recent memory. The FTX collapse left a domino effect on the industry. As the high-profile case unfolded in court, the proceedings were followed with rapt attention by investors, regulators, and the media alike. Allegations flew and the public seemingly could not get enough of the details emerging about SBF's fraud. Let’s dive into this story in detail along with some more crypto news making waves today. Here's what's happening: - SBF gets a lengthy prison sentence. But [how long](~/AAQRxQA~/RgRn6S_cP0R8aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZnR4LWNvLWZvdW5kZXItc2FtLWJhbmttYW4tZnJpZWQtcmVjZWl2ZXMtMjUteWVhci1wcmlzb24tc2VudGVuY2U_bGlkPTY5Y3R2bThnODdmc1cDc3BjQgpmBNyqBmZ0FRxnUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) is he gonna get locked up behind bars? 🔒 - Meme coins inspired by SBF verdict experience wild pumps. But [were all of them](~/AAQRxQA~/RgRn6S_cP0SHaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZnR4LWZvdW5kZXItc2Jmcy1wcmlzb24tc2VudGVuY2Utc3BhcmtzLW1lbWVjb2luLWZyZW56eS1hbmQtc3Vic2VxdWVudC1jcmFzaD9saWQ9MXRzdHk5ZmtqeGppVwNzcGNCCmYE3KoGZnQVHGdSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) rug pulls? 🧐 - Dogwifhat surges to new highs, but [can it sustain](~/AAQRxQA~/RgRn6S_cP0RuaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZG9nd2lmaGF0LWhpdHMtbmV3LWFsbC10aW1lLWhpZ2gtYXMtbWVtZWNvaW5zLXN1cmdlP2xpZD1iZjV4ZnZibGM5aDVXA3NwY0IKZgTcqgZmdBUcZ1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) the rally? 🐕 - Massive AI tokens rally as big merger and investment fund announced. But [which exact tokens](~/AAQRxQA~/RgRn6S_cP0SUaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYWktdG9rZW5zLWV4cGVyaWVuY2Utc2lnbmlmaWNhbnQtc3VyZ2UtZm9sbG93aW5nLW1lcmdlci1hbm5vdW5jZW1lbnQtYW5kLWlvdGEtZnVuZC1sYXVuY2g_bGlkPXluems4OGx6Ym0xMFcDc3BjQgpmBNyqBmZ0FRxnUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) are pumping? 🤖 - $11.6M DeFi exploit claimed to be "whitehat rescue." Will users [get their money back](~/AAQRxQA~/RgRn6S_cP0SBaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvaGFja2VyLWJlaGluZC1kb2xsYXIxMTZtLXByaXNtYS1maW5hbmNlLWV4cGxvaXQtY2xhaW1zLXdoaXRlaGF0LXJlc2N1ZT9saWQ9MTJwdm9zYjlkYnk3VwNzcGNCCmYE3KoGZnQVHGdSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)? 🕵️ Alright, let's quit stalling and dive into those stories! MARKET OVERVIEW [Globe Icon] GLOBAL MARKET CAP 2.63T ▼0.95% (24H) [24H Icon] 24H MARKET VOLUME $94.36B ▼21.33% (24H) [Bitcoin Icon] BITCOIN’S DOMINANCE 52.11% ▼0.12% (24H)   FEAR & GREED INDEX [Fear & Greed Index] [ALL CRYPTO PRICES/DATA »](~/AAQRxQA~/RgRn6S_cP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPTlvdTZqeDMwZ3VyYlcDc3BjQgpmBNyqBmZ0FRxnUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [TRENDING CRYPTO »](~/AAQRxQA~/RgRn6S_cP0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS90cmVuZGluZy1jcnlwdG9jdXJyZW5jaWVzLz9saWQ9cTRnd3g5a2h6bnZhVwNzcGNCCmYE3KoGZnQVHGdSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [NEW LISTINGS ON CMC »](~/AAQRxQA~/RgRn6S_cP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9uZXcvP2xpZD1pb2MwN3lsamNqa25XA3NwY0IKZgTcqgZmdBUcZ1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [TRENDING DEX PAIRS »](~/AAQRxQA~/RgRn6S_cP0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9kZXhzY2FuL3RyZW5kaW5nL2FsbC8_bGlkPTV2NnBkeDdib2QxNFcDc3BjQgpmBNyqBmZ0FRxnUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Data as of: 29 Mar 2024 10 AM UTC [Gainer Icon] TOP GAINERS 24H% [Project Icon 4] [WIF](~/AAQRxQA~/RgRn6S_cP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPTN4MXllamtuajRjM1cDc3BjQgpmBNyqBmZ0FRxnUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲16.26% [Project Icon 5] [BTT](~/AAQRxQA~/RgRn6S_cP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPWVkbmc2b3kzend4blcDc3BjQgpmBNyqBmZ0FRxnUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲6.43% [Project Icon 6] [FLOKI](~/AAQRxQA~/RgRn6S_cP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPWp3cDQyMzYxZW1heFcDc3BjQgpmBNyqBmZ0FRxnUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲6.12% [Loser Icon] TOP LOSERS 24H% [Project Icon] [AR](~/AAQRxQA~/RgRn6S_cP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPXAzMjBrYjZ3MzRpbVcDc3BjQgpmBNyqBmZ0FRxnUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼9.98% [Project Icon 2] [STRK](~/AAQRxQA~/RgRn6S_cP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPTB2OGtla2F1djdtMlcDc3BjQgpmBNyqBmZ0FRxnUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼6.98% [Project Icon 3] [ONDO](~/AAQRxQA~/RgRn6S_cP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPWJ0d3FtYmRvMGlmaVcDc3BjQgpmBNyqBmZ0FRxnUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼6.78%   FTX Founder Gets 25-Year in Prison In a dramatic fall from grace, Sam "SBF" Bankman-Fried, the disgraced founder of the once leading crypto exchange FTX, has been handed a 25-year federal prison sentence. The ruling came down from Judge Lewis Kaplan in a New York courtroom earlier, marking a pivotal moment in the popular legal saga that erupted when FTX spectacularly imploded in November 2022. Bankman-Fried was convicted on seven charges, including witness tampering related to the revocation of his bail conditions last August, as well as perjury stemming from his trial testimony about the misuse of FTX customer funds. While Bankman-Fried's legal team attempted to portray him as an awkward, well-meaning entrepreneur who made mistakes, Judge Kaplan wasn't buying it. But considering he already has spent a lot of time behind bars, how long his remaining sentence will be? What about his partners? [Read the full story](~/AAQRxQA~/RgRn6S_cP0R8aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZnR4LWNvLWZvdW5kZXItc2FtLWJhbmttYW4tZnJpZWQtcmVjZWl2ZXMtMjUteWVhci1wcmlzb24tc2VudGVuY2U_bGlkPW1uaTVvZnd2aHh0Y1cDc3BjQgpmBNyqBmZ0FRxnUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   SBF Meme Coins It didn’t take long for the crypto community to launch and pump meme coins based on SBF’s sentencing. On the Solana blockchain, this "Som Bonkmon Fraud" coin experienced the classic crypto pump-and-dump, rocketing 15,000% higher as the court drama unfolded, only to plummet over 90% within 24 hours as reality set in. A penny to practically nothing in the blink of an eye. But Solana wasn't the only chain caught up in the meme mania. Ethereum's layer-2 Base network saw its own SBF-inspired token called "Sam Baseman Fraud" pull off an even more insane move - skyrocketing nearly 35,000% to top a penny right after sentencing concluded. A $3.4 million trading volume around a literal joke coin! Of course, that kind of explosive rise was never going to last. But were all these SBF meme coins rug pulls or did some of those survive the dump? And which of those are still pumping? [Read the full story](~/AAQRxQA~/RgRn6S_cP0SHaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZnR4LWZvdW5kZXItc2Jmcy1wcmlzb24tc2VudGVuY2Utc3BhcmtzLW1lbWVjb2luLWZyZW56eS1hbmQtc3Vic2VxdWVudC1jcmFzaD9saWQ9MHFzeXJjczJvcnhkVwNzcGNCCmYE3KoGZnQVHGdSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   And that brings us to our Word of the Day… It’s ‘[Rug Pull](~/AAQRxQA~/RgRn6S_cP0REaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2dsb3NzYXJ5L3J1Zy1wdWxsP2xpZD1kN2YzMndwdWM2NHpXA3NwY0IKZgTcqgZmdBUcZ1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)’! In crypto, a "rug pull" refers to a type of scam where a development team creates a new token or project, heavily promotes it to attract investors, and then abruptly abandons the project and disappears with the invested funds. This sudden exit leaves investors holding worthless tokens, as the project's liquidity is drained and the token's value plummets. Rug pulls have become an unfortunate reality in the crypto space, emphasizing the need for due diligence and caution when investing in new or unproven projects. But what projects are “unruggable” and how to recognize them? [Read more](~/AAQRxQA~/RgRn6S_cP0REaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2dsb3NzYXJ5L3J1Zy1wdWxsP2xpZD13OHFzdGswdTd3MHNXA3NwY0IKZgTcqgZmdBUcZ1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)! Now back to our daily stories!   Dogwifhat Surges to New High The fan-favorite Solana-based meme coin with a picture of a Shiba Inu wearing a hat as its logo just hit a mind-boggling $3.97 per token. We're talking about a staggering 28% surge in the last 24 hours alone! While the rest of the crypto market has been flatter than a week-old soda, meme coins are clearly having a moment in the sun. And Dogwifhat is the current belle of the ball. It even managed to dethrone the mighty Pepe in market cap rankings, sliding into the #38 spot with a $3.8 billion valuation. But will this token be able to sustain this rally or it is just a shallow pump? [Read the full story](~/AAQRxQA~/RgRn6S_cP0RuaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZG9nd2lmaGF0LWhpdHMtbmV3LWFsbC10aW1lLWhpZ2gtYXMtbWVtZWNvaW5zLXN1cmdlP2xpZD1yNWk2d2dnN2hocGlXA3NwY0IKZgTcqgZmdBUcZ1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   [[ratio] Â](~/AAQRxQA~/RgRn6S_cP0QraHR0cHM6Ly93d3cueW91dHViZS5jb20vd2F0Y2g_dj0yWUd3NmktdGs5WVcDc3BjQgpmBNyqBmZ0FRxnUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) CoinMarketCap Application Tutorial The Ultimate Guide 2024 [Watch Now](~/AAQRxQA~/RgRn6S_cP0Q8aHR0cHM6Ly93d3cueW91dHViZS5jb20vd2F0Y2g_dj0yWUd3NmktdGs5WSZsaWQ9bDF1bW4ybGl0bG0wVwNzcGNCCmYE3KoGZnQVHGdSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   AI Tokens Are Surging Too! In the wake of a groundbreaking merger and the announcement of a new crypto investment fund, these digital assets are experiencing a surge. Let's start with the big news that set this rally in motion – the proposed merger between three heavyweight AI projects: Fetch.AI, SingularityNET, and Ocean Protocol. If approved, this bold move would create a decentralized AI giant dubbed the "Superintelligence Alliance." And it seems like investors are betting big on this unified front. In the 24 hours following the merger reveal, we saw Fetch.AI's FET token skyrocket by a staggering 33% to hit $3.41. Not to be outdone, SingularityNET's AGIX token surged 36.2% to reach $1.43. Even Ocean Protocol's OCEAN got in on the action with a 32.5% pump to $1.50. But that's not all! The AI token euphoria reached even greater heights with news that the IOTA Foundation is launching a $10 million investment fund targeting – you guessed it – AI and Web3 projects. When will we see the merger’s new AI token? What’s the launch date? [Read the full story](~/AAQRxQA~/RgRn6S_cP0SUaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYWktdG9rZW5zLWV4cGVyaWVuY2Utc2lnbmlmaWNhbnQtc3VyZ2UtZm9sbG93aW5nLW1lcmdlci1hbm5vdW5jZW1lbnQtYW5kLWlvdGEtZnVuZC1sYXVuY2g_bGlkPWZxOG44d25pdmRkM1cDc3BjQgpmBNyqBmZ0FRxnUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   Hacker Behind $11.6M Exploit Claims "Whitehat Rescue" Well, well, well...looks like we've got a modern-day Robin Hood on our hands. The hacker behind the recent $11.6 million exploit of the Prisma Finance protocol is claiming their attack was actually a noble "whitehat rescue" mission. In a strange on-chain message to the Prisma team, the exploiter said: "Hi, this is a whitehat rescue, who can I contact to refund," How much did the users lose in this hack? Has the protocol received the coins back? [Read the full story](~/AAQRxQA~/RgRn6S_cP0SBaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvaGFja2VyLWJlaGluZC1kb2xsYXIxMTZtLXByaXNtYS1maW5hbmNlLWV4cGxvaXQtY2xhaW1zLXdoaXRlaGF0LXJlc2N1ZT9saWQ9bnZ2YWs2cmF1bmlpVwNzcGNCCmYE3KoGZnQVHGdSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   And that’s a wrap - see you next time!   [Apple Store](~/AAQRxQA~/RgRn6S_cP0RLaHR0cHM6Ly9hcHBzLmFwcGxlLmNvbS9hcHAvY29pbm1hcmtldGNhcC9pZDEyODIxMDcwOTg_bHM9MSZsaWQ9Y3V1Nzh5NzBxMjJwVwNzcGNCCmYE3KoGZnQVHGdSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [Google Play](~/AAQRxQA~/RgRn6S_cP0RhaHR0cHM6Ly9wbGF5Lmdvb2dsZS5jb20vc3RvcmUvYXBwcy9kZXRhaWxzP2lkPWNvbS5jb2lubWFya2V0Y2FwLmFuZHJvaWQmaGw9ZW5fVVMmbGlkPWxkN2lybXY4dnptdVcDc3BjQgpmBNyqBmZ0FRxnUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Twitter](~/AAQRxQA~/RgRn6S_cP0QyaHR0cHM6Ly90d2l0dGVyLmNvbS9Db2luTWFya2V0Q2FwP2xpZD02Y3V2bmsxZWlheTZXA3NwY0IKZgTcqgZmdBUcZ1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [Telegram](~/AAQRxQA~/RgRn6S_cP0QraHR0cHM6Ly90Lm1lL0NvaW5NYXJrZXRDYXA_bGlkPXZuZ21qNTNleHY2aFcDc3BjQgpmBNyqBmZ0FRxnUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Facebook](~/AAQRxQA~/RgRn6S_cP0Q3aHR0cHM6Ly93d3cuZmFjZWJvb2suY29tL0NvaW5NYXJrZXRDYXA_bGlkPWljM3MxcmMxcm5iOVcDc3BjQgpmBNyqBmZ0FRxnUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [Instagram](~/AAQRxQA~/RgRn6S_cP0Q5aHR0cHM6Ly93d3cuaW5zdGFncmFtLmNvbS9jb2lubWFya2V0Y2FwLz9saWQ9cWJmajYzYjdxYWFrVwNzcGNCCmYE3KoGZnQVHGdSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [LinkedIn](~/AAQRxQA~/RgRn6S_cP0RAaHR0cHM6Ly93d3cubGlua2VkaW4uY29tL2NvbXBhbnkvY29pbm1hcmtldGNhcC8_bGlkPTc2YzJyN3M5Nnhqd1cDc3BjQgpmBNyqBmZ0FRxnUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) You were sent this email because you subscribed to CoinMarketCap. 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