Daily Memecoin Recap - August 12

Most of the attention was directed towards the Trump interview today

Donald Trump x Elon Musk
$grok2 -> $320k to $4 .55m (14x), grok2 beta coming soon
$fos -> hit $4m , "Freedom of Speech"
$rdt -> hit $2 .38m, "Real Donald Trump", realDonaldTrump

$elon -> hit $390k ,

$elontrump -> hit $2 .15m, Elon X Trump
$yeah -> hit $1 .89m, elonmusk
keeps saying "Yeah" on the spaces
$appie -> hit $860k , based on realDonaldTrump
's new promo video where there's a dog
$mcga -> hit $700k , "Make Crypto Great Again", MAGA + crypto, has been made before
$Trumpfish -> hit $630k , fish + Trump
$yea -> hit $466k
$ffa -> hit $350k , "Fight For America"
$doge -> hit $230k , "Donald Often Gags Elon"
- Elon Musk speaks with Donald Trump on X spaces

Dog Meta
$coby -> $200k to $1 .8m (9x)
$ken -> hit $11m , dog from Kabosu family ( $doge )
$kai -> hit $2 .9m, "Guardian of the crypto universe", based on a
binance tweet
$hi -> hit $400k
$toby -> hit $260k

Cat Memes
$lqc -> hit $966k , "low quality cat", CTO
$bae -> hit $250k , CTO

More Cooks
$kolt -> $2 .85m to $6 .44m (2.25x)
$dik -> $400k to $2m (5x from the low), very good team w/ unique content
$ponkei -> $160k to $1m (6.25x), Chinese $ponke
$one -> hit $1 .65m, "All It Takes Is One", good team
$quinn -> hit $400k
$chopy -> hit $315k , crab meme
$nwo -> hit $240k , "New World Order"

We had a couple good plays, expect more if majors pick back up

The summary of the news #crypto and markets

1) Powell (FED) leaves rates unchanged, no pivot decided, possible in September but reserves the possibility of acting until early 2025 if necessary

2) Senator Cynthia Lummis submitted her bill to make #Bitcoin a store of value alongside gold

3) Gold hits a new ATH close to $2 ,500 per ounce

4) According to several technical analysts $BTC is still in downtrend (lower high point and lower low point) which could lead it to a new low point in August around $48 -50k if the current supports do not hold

5) The results of META and Schneider Electric are good

6) MtGox BTC continues to be distributed while whales accumulate 600,000 BTC changed hands between $66k and $67k

7) GrayScale continue to sell their ETHE at a very sustained pace

8) Yesterday the inflows-outflows were just in balance for BTC and net negative again for ETH

9) The Hashrate of #Bitcoin at 2% of its ATH has recovered almost the entire period of capitulation of miners

10) Tether published their results, they generated 5.2 billion profits in the last quarter

11) Nancy Pelosi bought thousands more Nvidia shares

12) General activity (on and off chain metrics) around DeFi has increased sharply in recent weeks

13) UAE residents now have the ability to trade crypto directly from their bank account

14) Inflation rose by 0.1% in the Euro zone from 2.5 to 2.6%

What's been happening over the last few days?

I just got back from vacation and btc is at 66k and bullverse is announcing even more craziness.