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The Biggest Meme Coin Launch in Crypto’s History?

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coinmarketcap.com

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spotlight@newsletters.coinmarketcap.com

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Wed, Sep 11, 2024 11:38 AM

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Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ?

Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌       [CoinMarketCap Logo](~/AAQRxQA~/RgRoxAZAP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPWlvdzJuZ2hpMDlmMlcDc3BjQgpm4UCB4WZ-1lIAUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Data as of: 11 Sep 2024 11:35 UTC Yesterday Was Wild! While most of Asia slumbered, the U.S. treated the world to another unpredictable day. Just when we thought Bitcoin was primed for a nice upward move, our expectations were shattered. The presidential debate had other ideas for our digital darling. Bitcoin took an unexpected dip, leaving us all a bit confused (and hopeless). And Trump's odds in the prediction markets? Let's just say things got... spicy. But hey, that’s what crypto is all about. So what’s going on in the market? Let’s make a sense of it all! Here is a quick rundown of the top headlines from the past 24 hours: - Trump vs. Harris debate ended up with surprises for crypto markets. Is Trump [losing](~/AAQRxQA~/RgRoxAZAP0RzaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvaGFycmlzLXRydW1wLWRlYmF0ZS10cnVtcHMtcG9seW1hcmtldC1vZGRzLWZhbGwtM3BlcmNlbnQ_bGlkPXd0eGdyNTk2MXlicFcDc3BjQgpm4UCB4WZ-1lIAUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) the elections already? 🎭 - Crypto votes seem to be a deal-breaker for candidates. But [what](~/AAQRxQA~/RgRoxAZAP0SHaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZ2VtaW5pLWNyeXB0by1yZWd1bGF0aW9uLWVtZXJnZXMtYXMta2V5LXVzLWVsZWN0aW9uLWlzc3VlLWZvci10aGUtZmlyc3QtdGltZT9saWQ9dG13bzhuZWlsOXNyVwNzcGNCCmbhQIHhZn7WUgBSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) about non-crypto users? What’s their opinion? 🗳️ - Bitcoin ETFs steal the spotlight again. But are these inflows [legit](~/AAQRxQA~/RgRoxAZAP0R7aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0d2lzZS1jaW8tY2xhaW1zLWFkdmlzb3JzLWFkb3B0aW5nLWJpdGNvaW4tZXRmcy1hdC1yZWNvcmQtcGFjZT9saWQ9cmFtZDlsMmFpZXA4VwNzcGNCCmbhQIHhZn7WUgBSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) enough for us to be excited? 💼 - Bitcoin's price jump meets shrinking trading volumes. Another major dip [incoming](~/AAQRxQA~/RgRoxAZAP0SDaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi10cmFkaW5nLXZvbHVtZS1hY3Jvc3MtZXhjaGFuZ2VzLWNvbnRyYWN0cy1hY2NvcmRpbmctdG8tZ2xhc3Nub2RlP2xpZD03OXRtOWY4bGhsZHFXA3NwY0IKZuFAgeFmftZSAFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)? 📊 - DOGS token boasts biggest meme coin launch ever. Is that true? Why did it [get](~/AAQRxQA~/RgRoxAZAP0R-aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdG9uLWJhc2VkLWRvZ3MtbWVtZS1jb2luLXNlZXMtcmVjb3JkLWJyZWFraW5nLWxhdW5jaC1vbi10b24tbmV0d29yaz9saWQ9OG9hZ2c3ZTh5ZDM0VwNzcGNCCmbhQIHhZn7WUgBSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) so popular? 🐕 Let’s dive in after the market overview! MARKET OVERVIEW GLOBAL MARKET CAP $2.0T ▼0.91% (24h) 24H MARKET VOLUME $62.71B ▼7.93% (24h) BITCOIN’S DOMINANCE 56.16% ▲0.1% (24h) FEAR & GREED INDEX 32 Fear [Bitcoin] Bitcoin $56,725.8 ▼0.69% (24h) [Ethereum] Ethereum $2,323.62 ▼1.09% (24h) [BNB] BNB $513.26 ▼1.57% (24h) [ALL CRYPTO PRICES/DATA »](~/AAQRxQA~/RgRoxAZAP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPW5nY2Z2dmhpOWs2cFcDc3BjQgpm4UCB4WZ-1lIAUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [TRENDING CRYPTO »](~/AAQRxQA~/RgRoxAZAP0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS90cmVuZGluZy1jcnlwdG9jdXJyZW5jaWVzLz9saWQ9ZnNpYTNrcGV4eTI3VwNzcGNCCmbhQIHhZn7WUgBSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [NEW LISTINGS ON CMC »](~/AAQRxQA~/RgRoxAZAP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9uZXcvP2xpZD1sdGgxOGZ5OHUyemJXA3NwY0IKZuFAgeFmftZSAFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [TRENDING DEX PAIRS »](~/AAQRxQA~/RgRoxAZAP0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9kZXhzY2FuL3RyZW5kaW5nL2FsbC8_bGlkPTRxb2FseG1qN2FxeVcDc3BjQgpm4UCB4WZ-1lIAUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) TOP GAINERS 24H% [Trump Harris Debate] [Trump Harris Debate](~/AAQRxQA~/RgRoxAZAP0Q5aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3RydW1wLWhhcnJpcy1kZWJhdGUvVwNzcGNCCmbhQIHhZn7WUgBSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▲999.07% [Wegie] [Wegie](~/AAQRxQA~/RgRoxAZAP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL3dlZ2llL1cDc3BjQgpm4UCB4WZ-1lIAUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲970.26% [DOGO] [DOGO](~/AAQRxQA~/RgRoxAZAP0QqaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2RvZ28vVwNzcGNCCmbhQIHhZn7WUgBSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▲538.37% TOP LOSERS 24H% [NOT] [NOT](~/AAQRxQA~/RgRoxAZAP0QpaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL25vdC9XA3NwY0IKZuFAgeFmftZSAFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▼99.61% [HorusLayer] [HorusLayer](~/AAQRxQA~/RgRoxAZAP0QwaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2hvcnVzbGF5ZXIvVwNzcGNCCmbhQIHhZn7WUgBSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) ▼99.16% [BSC Layer] [BSC Layer](~/AAQRxQA~/RgRoxAZAP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jdXJyZW5jaWVzL2JzYy1sYXllci9XA3NwY0IKZuFAgeFmftZSAFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) ▼98.96%   Is Trump Already Losing the Elections? The Harris-Trump debate in Philadelphia saw crypto take a backseat as traditional issues dominated. Trump's Polymarket odds dipped 3%, placing him neck-and-neck with Harris for the first time on the platform. Crypto's absence from the debate stage belies its behind-the-scenes influence. Crypto-backed super PACs have poured $202 million into the 2024 race, with $93.6 million already spent. Market analysts remain fixated on crypto's potential election impact. Bernstein's recent forecast paints a stark contrast: a Trump win could push Bitcoin to $90,000, while a Harris victory might see it plummet to $30,000. The debate's aftermath has aligned betting odds more closely with national polls. Meanwhile, Bitcoin felt the debate's ripple effect, falling 2% and retreating below $57,000. What about experts’ opinions? And what about TradFi institutions? Did they pull their money out of crypto ETFs? Read the [full story](~/AAQRxQA~/RgRoxAZAP0RzaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvaGFycmlzLXRydW1wLWRlYmF0ZS10cnVtcHMtcG9seW1hcmtldC1vZGRzLWZhbGwtM3BlcmNlbnQ_bGlkPXhldWFyMnh5MjZqNVcDc3BjQgpm4UCB4WZ-1lIAUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   Do Crypto Votes Really Matter Anymore? Gemini's latest report just dropped: about 73% of American crypto owners say a candidate's stance on digital assets will sway their vote. On the other hand, 37% of crypto hodlers are ready to make or break their vote based on a candidate's crypto policy. In Gemini’s words, “For the first time in United States history, crypto has become a significant campaign issue in a presidential election." But what about non-crypto users? What’s their opinion? Read the [full story](~/AAQRxQA~/RgRoxAZAP0SHaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvZ2VtaW5pLWNyeXB0by1yZWd1bGF0aW9uLWVtZXJnZXMtYXMta2V5LXVzLWVsZWN0aW9uLWlzc3VlLWZvci10aGUtZmlyc3QtdGltZT9saWQ9aG11cXBvZGp3M3BvVwNzcGNCCmbhQIHhZn7WUgBSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   CMC-Community Live: Chainlink, 21 Shares and the Future of ETFs [CMC Live: Chainlink, 21 Shares and the Future of ETFs](~/AAQRxQA~/RgRoxAZAP0REaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jb21tdW5pdHkvcG9zdC8zMzk3MjI2NjAvP2xpZD1scmhmM3oyZzR5ZWpXA3NwY0IKZuFAgeFmftZSAFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) Wednesday, 11 Sep on 4PM UTC Discover how Chainlink's Proof-of-Reserve is transforming ETFs and institutional adoption, with insights from 21Shares' implementation and its impact on DeFi's future. [Join Us Soon](~/AAQRxQA~/RgRoxAZAP0REaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9jb21tdW5pdHkvcG9zdC8zMzk3MjI2NjAvP2xpZD1rOHI4Ym5zNGxnNzNXA3NwY0IKZuFAgeFmftZSAFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)   And Something About Bitcoin ETFs, and Them Becoming a Thing Again… So, Bitcoin ETFs are making waves again, and it's not just crypto nerds getting excited. Matt Hougan from Bitwise Investments is saying advisors are jumping on these ETFs like they're the hottest ticket in town. We're talking $1.5 billion flowing into BlackRock's Bitcoin ETF alone. Jim Bianco, a market guru, is pumping the brakes on all this hype. He's saying, "Hold up, most of this money is just crypto people moving their Bitcoin back into traditional accounts." Basically, he's arguing it's not new money, just old money in new clothes. But Hougan's not having it. He's pointing out that even if you only count that $1.5 billion from advisors, BlackRock's IBIT fund is still crushing it compared to other new ETFs this year. And we're talking about a year with over 300 new ETFs hitting the market. What about other experts? What’s their opinion on this inflow? Read the [full story!](~/AAQRxQA~/RgRoxAZAP0R7aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0d2lzZS1jaW8tY2xhaW1zLWFkdmlzb3JzLWFkb3B0aW5nLWJpdGNvaW4tZXRmcy1hdC1yZWNvcmQtcGFjZT9saWQ9YTgyODFxNnUyNXN5VwNzcGNCCmbhQIHhZn7WUgBSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   CMC NARRATIVE: SOLANA $SOL and Solana ecosystem tank after Nvidia drama and job market data. Drift Protocol's prediction platform’s 24h trade volume pumps +3,400%. Marinade's Stake Auction Marketplace faces validator criticism. Pump.fun reaches $100M cumulative revenue amid declining activity. [CMC NARRATIVE: SOLANA](~/AAQRxQA~/RgRoxAZAP0R_aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2Vlay1pbi1zb2xhbmEtZHJpZnQtc3VyZ2VzLW1lbWVzLXBsdW5nZS1hbmQtZXhjaGFuZ2VzLWV5ZS10aGUtcHJpemU_bGlkPXFuNmYwb2NldDlpbVcDc3BjQgpm4UCB4WZ-1lIAUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Major exchanges announce plans for Solana LSTs...[continue reading.](~/AAQRxQA~/RgRoxAZAP0R_aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2Vlay1pbi1zb2xhbmEtZHJpZnQtc3VyZ2VzLW1lbWVzLXBsdW5nZS1hbmQtZXhjaGFuZ2VzLWV5ZS10aGUtcHJpemU_bGlkPTFnaG41ZGh4ZWpkb1cDc3BjQgpm4UCB4WZ-1lIAUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   Track the larger Solana narrative on CMC: [Track Narrative](~/AAQRxQA~/RgRoxAZAP0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS92aWV3L3NvbGFuYS1lY29zeXN0ZW0_bGlkPWN3bjNmYnMyc2dyeFcDc3BjQgpm4UCB4WZ-1lIAUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   Bitcoin's Silent Surge Bitcoin went back above $58,000, only to get hit by yesterday’s presidential debate. Glassnode also released a report that paints a picture of a market that's all dressed up with nowhere to go. Despite the 8% price jump, trading volumes across centralized exchanges shrunk. Monthly on-chain volumes are diving below the yearly average. Translation? Demand's drying up fast at these price levels. So is this all a red flag? Or should we be bullish instead? Read the [full story](~/AAQRxQA~/RgRoxAZAP0SDaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi10cmFkaW5nLXZvbHVtZS1hY3Jvc3MtZXhjaGFuZ2VzLWNvbnRyYWN0cy1hY2NvcmRpbmctdG8tZ2xhc3Nub2RlP2xpZD02ODlzN3RucWR4dW5XA3NwY0IKZuFAgeFmftZSAFIbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   The Biggest Meme Coin Launch in History? Legit or Sus? So, the crypto world's gone to the dogs - literally. The new DOGS token on TON is making waves. The token claims to have had the biggest meme coin launch in history - we're talking 17 million users claiming tokens. And it all started with a doodle by Telegram's co-founder Pavel Durov. The Dogs Mini App? It's got 53 million users, with 42.2 million of them eyeing that sweet airdrop. The crypto community's calling it the "largest meme TGE in cryptocurrency history." But how sure are we of that? And what contributed to this popularity? Read the [full story!](~/AAQRxQA~/RgRoxAZAP0R-aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdG9uLWJhc2VkLWRvZ3MtbWVtZS1jb2luLXNlZXMtcmVjb3JkLWJyZWFraW5nLWxhdW5jaC1vbi10b24tbmV0d29yaz9saWQ9anFlMjl6ZWNrbTNyVwNzcGNCCmbhQIHhZn7WUgBSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   And that's it for today. 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