7 days ago
Daily Memecoin Recap - June 24
DexScreener launches "moonshot", a competitor to pumpfun
First Coins On Moonshot
$first -> hit $5 .2m, first coin to finalize on moonshot
$mc -> hit $1 .8m, "Moon Cat"
$stan -> hit $1 .3m, first cat to finalize on moonshot
$mutt -> hit $969k , first dog on moonshot, second coin to finalize
$herbo -> hit $545k , "first celebrity coin on moonshot", based on gherbo
- The first 2 coins that bonded $first & $mutt had really bad LP's, but the following coins were fine
- Whenever something new launches, people look for the "first" of everything. Be on the lookout for these, that's where all the attention is
Moonshot Launches
$launch -> hit $788k , "Launch Party"
$matrix -> hit $727k , relaunch by the same team of a previous $matrix coin that ran to $4 .3m. "Escape the matrix"
$eagle -> hit $662k , based on dexscreener's logo
$pepe -> hit $627k , pepe on moonshot
$laika -> hit $577k , dog coin
$moon -> hit $456k , based on moonshot from dexscreener
Water Launch
$water -> hit $1b , hyped pre-sale launch
WikiLeaks founder Julian Assange strikes a plea deal
$assange -> hit $913k
Influencer Coins
$jason -> $1 .6m to $13 .3m (8.3x), jasonderulo continues to push
$bobbi -> hit $852k , Sahil posts a screenshot where Bobbi Althoff posts a CA on her ig story
$king -> hit $540k , Sahil hints at an adinross token
More Cooks
$peanie -> $1m to $2 .34m (2.34x), penguin meme
$bag -> $575k to $1 .7m (2.95x), "Ikea Bag"
$korg -> hit $2m , based on elonmusk's tweet, CTO
$micu -> hit $900k , cat meme
$jack -> hit $500k , dog meme
Keep an eye on high mc, major memes ( $boden , $tremp , $michi , etc.) that are looking to make a reversal
Buy when others are fearful, sell when others are greedy
DexScreener launches "moonshot", a competitor to pumpfun
First Coins On Moonshot
$first -> hit $5 .2m, first coin to finalize on moonshot
$mc -> hit $1 .8m, "Moon Cat"
$stan -> hit $1 .3m, first cat to finalize on moonshot
$mutt -> hit $969k , first dog on moonshot, second coin to finalize
$herbo -> hit $545k , "first celebrity coin on moonshot", based on gherbo
- The first 2 coins that bonded $first & $mutt had really bad LP's, but the following coins were fine
- Whenever something new launches, people look for the "first" of everything. Be on the lookout for these, that's where all the attention is
Moonshot Launches
$launch -> hit $788k , "Launch Party"
$matrix -> hit $727k , relaunch by the same team of a previous $matrix coin that ran to $4 .3m. "Escape the matrix"
$eagle -> hit $662k , based on dexscreener's logo
$pepe -> hit $627k , pepe on moonshot
$laika -> hit $577k , dog coin
$moon -> hit $456k , based on moonshot from dexscreener
Water Launch
$water -> hit $1b , hyped pre-sale launch
WikiLeaks founder Julian Assange strikes a plea deal
$assange -> hit $913k
Influencer Coins
$jason -> $1 .6m to $13 .3m (8.3x), jasonderulo continues to push
$bobbi -> hit $852k , Sahil posts a screenshot where Bobbi Althoff posts a CA on her ig story
$king -> hit $540k , Sahil hints at an adinross token
More Cooks
$peanie -> $1m to $2 .34m (2.34x), penguin meme
$bag -> $575k to $1 .7m (2.95x), "Ikea Bag"
$korg -> hit $2m , based on elonmusk's tweet, CTO
$micu -> hit $900k , cat meme
$jack -> hit $500k , dog meme
Keep an eye on high mc, major memes ( $boden , $tremp , $michi , etc.) that are looking to make a reversal
Buy when others are fearful, sell when others are greedy
14 days ago
Is the $DJT memecoin actually connected to Trump?
The Solana memecoin reportedly launched by Trump's teen son Barron is mooning, but is it real?
Our analysis 👇
- Unverified Report and Market Impact: Tech, politics, and culture publication
PirateWires posted yesterday on Twitter claiming Donald Trump is launching a token named DJT. Following the post, DJT's trading volume hit $363M in the past 24 hours, and its price surged 385%.
- Speculative Connections and No Confirmation: The report suggested Trump's son Barron, a claim further substantiated by (supposedly) Barron’s best friend, Bo. However, the Trump campaign and organization have not responded.
- Suspicious Posting and Unlocked Liquidity: The contract address was shared in replies to the Pirate Wires post, which, upon analysis, showed DJT's liquidity is not locked, a significant red flag for memecoins, and that the token had a “build-the-wall” feature that could be activated to halt trading.
- KuCoin Funding and Limited Visibility: Further potential red flags come from the fact that the token was funded from kucoincom
, which is inaccessible to U.S. citizens. Also, DJT pools had minimal liquidity visibility on platforms like dexscreener
, working correctly only on specific tools like Dextools.
- Concentration and Trump's Silence: The top owner holds 67% of the supply, a high risk of manipulation. Despite his reputation, Trump has not claimed or bragged about the coin's success, which is unusual for him.
Bankless Take:
The DJT memecoin's surge certainly exhibits all of the hallmarks of a classic crypto grift. The sketchy nature of the source, suspicious dissemination of the contract address, unlocked liquidity, KuCoin funding, limited visibility, and high owner concentration are all significant red flags.
All that said, we don't know for sure one way or the other. In a new era of celebrity memecoins, it's not unreasonable that Trump would be dissatisfied seeing unofficial tickers like $TREMP pump without him getting a take. Further, Pirate Wires is operated by the CMO of venture fund Founders Fund which is run by Trump's close 2016 Silicon Valley ally (and outspoken BTC bull) peterthiel
The Solana memecoin reportedly launched by Trump's teen son Barron is mooning, but is it real?
Our analysis 👇
- Unverified Report and Market Impact: Tech, politics, and culture publication
PirateWires posted yesterday on Twitter claiming Donald Trump is launching a token named DJT. Following the post, DJT's trading volume hit $363M in the past 24 hours, and its price surged 385%.
- Speculative Connections and No Confirmation: The report suggested Trump's son Barron, a claim further substantiated by (supposedly) Barron’s best friend, Bo. However, the Trump campaign and organization have not responded.
- Suspicious Posting and Unlocked Liquidity: The contract address was shared in replies to the Pirate Wires post, which, upon analysis, showed DJT's liquidity is not locked, a significant red flag for memecoins, and that the token had a “build-the-wall” feature that could be activated to halt trading.
- KuCoin Funding and Limited Visibility: Further potential red flags come from the fact that the token was funded from kucoincom
, which is inaccessible to U.S. citizens. Also, DJT pools had minimal liquidity visibility on platforms like dexscreener
, working correctly only on specific tools like Dextools.
- Concentration and Trump's Silence: The top owner holds 67% of the supply, a high risk of manipulation. Despite his reputation, Trump has not claimed or bragged about the coin's success, which is unusual for him.
Bankless Take:
The DJT memecoin's surge certainly exhibits all of the hallmarks of a classic crypto grift. The sketchy nature of the source, suspicious dissemination of the contract address, unlocked liquidity, KuCoin funding, limited visibility, and high owner concentration are all significant red flags.
All that said, we don't know for sure one way or the other. In a new era of celebrity memecoins, it's not unreasonable that Trump would be dissatisfied seeing unofficial tickers like $TREMP pump without him getting a take. Further, Pirate Wires is operated by the CMO of venture fund Founders Fund which is run by Trump's close 2016 Silicon Valley ally (and outspoken BTC bull) peterthiel
