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Bonk Eco continues to show strength amid $USELESS rally
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Pump.fun to raise $1B token sale, traders speculating on airdrop
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Boop.Fun leading the way with a new launchpad on Solana.
🗣️ The stories driving markets and generating the most hype among the crypto community are:
👟 Kanye West launched the $YZY memecoin on Solana, quickly reaching a $3 billion market cap before crashing over 60% amid insider dump rumors. The token saw massive hype and trading volume, but concerns about supply concentration and potential rug pulls have sparked skepticism. Despite heavy losses for late buyers, some insiders profited significantly. The launch reignited debate over celebrity tokens and their impact on the crypto market.
🪙 OKB and BNB are surging to new all-time highs, driven by strong market sentiment and exchange dominance. OKB gained over 45% in 24 hours, fueled by high volume and bullish on-chain activity. BNB hit $880 amid optimism about its ecosystem and potential market leadership. NEO shows technical strength, rebounding above key support, signaling possible bullish continuation. Investors are cautious due to past sharp corrections after ATHs.
🍘 Cracker Barrel's stock plunged over 12% after unveiling a new logo that removed its iconic barrel image. Loyal customers and investors criticized the redesign as a poor choice that alienates the brand's core audience. The company responded by hiring Sydney Sweeney to visit stores and boost engagement. The rebrand sparked debate over the company's direction and its attempt to modernize a long-standing identity.
🦊 MetaMask is launching its first native stablecoin, MetaMask USD (mUSD), on Ethereum and Linea later this year. The stablecoin is issued by Stripe-owned Bridge and backed 1:1 by cash and U.S. Treasuries. MetaMask aims to integrate mUSD deeply within its wallet ecosystem, enabling seamless swaps, cross-chain transactions, and real-world spending via the upcoming MetaMask Card. This move positions MetaMask as a key player in stablecoin issuance and DeFi expansion.
👨⚖️ A U.S. judge lifted the freeze on $57.6 million in USDC tied to the Libra meme coin, allowing founders Hayden Davis and Ben Chow to regain access. Shortly after, a Kanye West-themed coin launched on Meteora, raising suspicions of a coordinated scheme. Critics warn that key promoters are likely paid insiders pushing a scam. Legal battles continue, but the swift asset release and new launches fuel market skepticism.
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