Daily Memecoin Recap - December 11

AI + Luigi + 100 guys sums up today

Luigi Mangione
$luigi -> hit $62 .6m, UnitedHealthcare CEO shooter's name
$muigi -> hit $1 .7m, Mario's brother
- This was on all socials
- Captured a lot of mindshare

100 guys in 24 hours
$lily -> hit $13 .5m, Lily Phillips
#100X -> hit $4 .5m, easiest 100x of our life. Hardest 100x of hers
$regret -> hit $.21m
$lily -> hit $670k
- A documentary came out about her, it's been capturing mindshare

AI On Top
#fartcoin -> hit $550m
#griffain -> hit $287m , solana interacted
$arc -> hit $55m
$mana -> hit $42 .2m, Meme Anarchic Numismatic Asset
$jail -> hit $21 .8m
$pnet -> hit $20 .5m, AI education system
$pulsr -> hit $20 .5m
$horny -> hit $17 .7m
#gaycoin -> hit $13 .9m
#sentinel -> hit $3 .8m
#ecofuk -> hit $3 .2m
$zb -> hit $3 .2m
$memOS -> hit $2 .2m
$DrPAL -> hit $2m
#o1 -> hit $1 .9m, openAI's new model
$eco -> hit $1 .1m
$me -> hit $870k
$asst -> hit $720k

More Cooks
$apple -> hit $41 .1m
#bgg1 -> hit $28m , blinks
#onlyblink -> hit $19 .1m
#jerksteve -> hit $11 .1m, viral tiktok meme
$dago -> hit $10 .2m
#Æ -> hit $5m
$korina -> hit $4 .2m, Korina Yu
$oath -> hit $2 .8m
$hyve -> hit $2 .7m
#pelican -> hit $2 .6m, eaten by a pelican
$enigma -> hit $2 .1m

Are you loading up on any conviction bags? 👀

Today is GAME NIGHT.
Join the @DougDuckSol TG to take part.

You will have the chance to win some tokens, if you manage to beat the community.

The best advice I can give you is to never rely on anyone but yourself in this space

- Learn to manage risk
- Learn to wallet track
- Learn to read on-chain data
- Learn to spot narratives
- Learn to spot patterns

Your ultimate goal should be complete independence

Learn to trade confidently on your own, without depending on anyone else

Want to be a successful trader long-term?

1. Don't blindly follow calls
- Be able to make your own judgement/thesis on coins
- Don't rely on others, you're the only one who can pull the trigger

2. Your biggest asset is your circle
- Find people to grind with & talk to on a daily basis
- More eyes looking at charts = More odds that you catch the next runner

3. Have proper risk management
- Stop aping your entire port in a single play
- Learn to take a loss
- Learn to take profits

Consistency is key

Looking for new people to join the team 0xKitchen

If you're familiar with trading memes + looking to be FULL-TIME

- Community managers
- Copywriters
- Video content creators

Dm me with your experience + rates

❤️

Every Tuesday we host a game night in the $DOUG TG

You have the chance to win tokens, if you manage to win.

Join us and try your luck.

Roadmap to Grow 1 SOL to 100 SOL

0-1 SOL:
- Aim for small, consistent X's (2-5x's)
- Throw 0.1/play
- Focus on coins that are still on pump fun
- Jeet right before things bond or right after they go live on raydium

1-10 SOL:
- Look for calculated plays with 3-10x potential
- Focus on risk management
- Don't put more than 30% of your port into a single play
- Aim to take initials around 2x, and hold the rest for higher profit targets (ride risk-free)

10-100 SOL:
- Start allocating some $SOL to a couple different high quality memes
- Focus on memes that are established but undervalued
- Be patient and add to your winners
- Find narrative plays with high volume

Be more conservative in the beginning as you're still learning

Start taking more risk as you grow your port and find your edge

$SHAR might be alpha

- Almost $1 ,000,000 in liquidity on launch
- Connected with VC, linked to a fund
- Followed by some CEX managers
- Team is experienced and has been prepping the launch for months
- Interesting wallets are bidding, wallet tracker going crazy rn

I always bid high liquidity plays with rich teams

Will Ethereum remain institutions' top choice?

jonahrobrts breaks down the blockchain competition for TradFi's attention 🤼‍♂️

========================================

Disruption. Digitization. Financial inclusion. Future-proofing.

What do all of these oft-repeated buzzwords have in common? They’ve all been used by crypto-pilled associates at TradFi firms to pitch their bosses on the exciting upside of blockchain tech. This year, it seems, the executives are listening.

Institutions jumped into crypto more headlong than ever in 2024. Their moves are starting to bridge the gap between TradFi and DeFi. However, this article isn’t focused on why firms are building onchain. Instead, we are focusing on where these funds are choosing to build.

----------------------------

What’s Happening on Ethereum?
Ethereum is the world’s largest smart-contract blockchain network. It has secured over $90 billion in RWAs, including stablecoins. 2024 has been a big year for the adoption of non-stablecoin RWAs on Ethereum as well, with the network growing its onchain U.S. treasuries, bonds, and cash equivalents from $800 million to over $1 .5 billion and overall non-stablecoin RWA value to $2 .9 billion.

Some of the major players building on Ethereum this year include
Visa, BlackRock and FTI_US

Earlier this month, Visa announced that they are building the Visa Tokenized Asset Platform (VTAP) on Ethereum. This is the company’s biggest step toward crypto adoption thus far. VTAP enables Visa to issue and manage fiat-backed tokens on Ethereum. It is intended to be a sandbox for participating financial institutional partners to create and experiment with fiat-backed tokens. They expect to begin piloting the platform with Spanish multinational bank BBVA in 2025. While the VTAP program is certainly an experiment, it gives credit to the thesis that TradFi will migrate its operations onto Ethereum over the coming decades.

----------------------------

Yet, the success of Ethereum’s competitors highlights a critical point: institutions are no longer bound to a single network. While Ethereum is foundational, blockchains like Solana and Stellar provide alternatives that are increasingly hard to ignore. However, they also present novel interoperability concerns.

Interoperability is central to the future of institutional blockchain adoption. As Visa states in their VTAP press release announcement, the largest benefits of building onchain include easy integration, programmability, and interoperability. Institutions that venture onto non-EVM chains like Solana or Stellar may face challenges in asset liquidity and protocol compatibility. This can lead to reliance on third-party services to bridge assets between chains, which introduces complexity and security risks. Ethereum’s widespread use means that staying within the EVM ecosystem—whether through Ethereum or Layer 2 solutions—remains the simplest and most secure option for institutions.

----------------------------

However, for Ethereum to maintain its lead in the race toward institutional adoption, it must continue to balance world-class security and stability with the performance and scalability that competing chains continue to push. The race to capture the attention of institutional finance will be won by the network that can not only meet today’s demands but also anticipate the needs of tomorrow. Ethereum is well-positioned for now, but staying on top will require constant evolution.

🚨 Asian private wealth managers embrace crypto.

Some even predict that Bitcoin will reach $100 ,000 by the end of the year.

76% of Asian family offices and high net worth individuals investing in crypto compared to 58% in 2022 according to a report by Aspen Digital.
16% planning to do so in the future.

Most respondents had between $10 million and $500 million in assets under management.

DeFi remained a strong area of ​​interest, with 67% of respondents interested, followed by 61% in AI and 50% in DePin.
47% in RWAs.

🇮🇹 Italy to raise capital gains tax on Bitcoin from 26% to 42%. 👏🏾

Europe manages to self-destruct on its own, and then complains about their deficit

Based Rollups

What are they, why do they exist, and which projects are already making waves?

A 101 explainer 👇

==================================

Scaling #Ethereum has been one of the most discussed challenges in crypto.

To address this, the community chose a rollup-centric approach. The idea is simple: Instead of hosting all applications on Ethereum, the focus is on rollups that offer faster, cheaper transactions while still settling back on Ethereum. As a result, you get faster, cheaper transactions, but still keep Ethereum’s security.

They're bringing more users and value to Ethereum, however, concerns remain about their reliance on centralized sequencers and liquidity fragmentation across chains.

This is where based rollups come in. They integrate more closely with Ethereum's infrastructure, helping retain value within the ecosystem. This new method of building rollups could bring additional value to Ethereum and $ETH .

What are Based rollups?
Based rollups, or L1-sequenced rollups, are a type of rollup where the base L1 chain, like Ethereum, manages transaction sequencing directly.

Unlike traditional rollups that rely on their own sequencers, based rollups tap into the security, liveness, and decentralization of the L1 by outsourcing transaction sequencing to the L1’s infrastructure. This infrastructure includes proposers, searchers, builders, and other actors who permissionlessly include based rollup blocks in L1 blocks.

How do Based rollups work?
Based rollups use the L1 for consensus, data availability, and settlement layers, while handling execution independently. For instance, when Ethereum is the base L1, the key layers of based rollups are as follows:

1. Execution Layer — Managed by the rollup itself, where transactions are executed off-chain.

2. Consensus Layer — Relies on Ethereum validators to sequence transactions.

3. Data Availability Layer — Uses Ethereum as the DA layer to ensure that transaction data is available for validation by anyone.

4. Settlement Layer — Also part of Ethereum, where final transaction states of the rollup are recorded.

Based rollups use Ethereum for everything from ordering transactions to settling them. While this approach may not seem radically different from traditional rollups, it fundamentally shifts how sequencing is handled. Instead of relying solely on separate sequencers, based rollups leverage Ethereum itself for transaction sequencing.

Why based rollups?
As Justin Drake outlined in his original post, based rollups are worth your attention for several reasons:

1. Inherited Liveness and Decentralization — One of the key advantages of based rollups is their ability to inherit the liveness guarantees of the base L1 chain. As long as the L1 is operational, so is the rollup.

2. Economic Alignment with L1 — The economic model of based rollups creates a mutually beneficial relationship with the L1. Priority fees and MEV from these rollups naturally flows to the L1. This synergy doesn’t just add value to the base layer, it also boosts the legitimacy and brand awareness of the rollups themselves, thanks to Ethereum’s community.

3. Cost Efficiency — Outsourcing sequencing to Ethereum reduces development costs, accelerates time to market, and lowers user costs (especially at scale) for based rollups.

However, based rollups have trade-offs. They sacrifice some profitability by relying on Ethereum for sequencing, missing out on priority fees and MEV. Additionally, they contend with Ethereum's inherent challenges, such as slow block times, which can cause latency issues.

There's a real debate that these changes might compromise the simplicity and security that initially made based rollups appealing.

🇧🇭 National Bank of Bahrain launches its first Bitcoin investment product in partnership with ARP Digital.

This product offers accredited investors exposure to the growth of Bitcoin with 100% principal protection.

The National Bank of Bahrain manages $15 billion in assets.

🇦🇪 UAE eliminates taxes on all crypto transactions.

The UAE Federal Tax Authority (FTA) has announced a review of the country's VAT rules.

The new rules include exemptions for the management of investment funds, the transfer and conversion of virtual assets.

These exemptions will be applied retroactively from January 1, 2018.

💼 MicroStrategy recently posted a job opening for a "Bitcoin Advocacy Manager" at MicroStrategy's US headquarters.

Primary responsibilities include leading the planning and execution of the annual Bitcoin for Corporations conference and promoting internal and external education programs for corporate Bitcoin adoption.

🔒 Ledger unveils Key Ring, a confidential data sharing protocol.

Key Ring can be used to encrypt files in the cloud or for secure messaging.

Users must prove their rights via hardware #wallet , without their private keys being shared.

This protocol provides an efficient and confidential way to manage data in decentralized applications 🌐

Introducing the BullVerse Loyalty Program 🏆

Our Loyalty Program is designed to reward users for their commitment and engagement with our platform. The program will gradually roll out with badges and additional benefits. A task management widget is available to help you track your progress and see how close you are to unlocking your next rewards.

Here’s how it works👇

👉 Each level in the loyalty program unlocks new perks and exclusive features. As users advance through the levels, they gain access to more rewards.

👉 Our program uses a points-based system to calculate your rewards and bonuses. The more points you accumulate, the higher your level and the better the rewards.

👉 We encourage users to upgrade their levels by completing tasks and earning points. Moving up the levels provides more benefits, enhancing their experience.

—————

🎁 Perks and Rewards: Level upgrades gives you access to exclusive benefits such as automatic withdrawals, special bonuses and reserved-features.

🎁 You will start receiving rewards to your wallet as soon as you complete Level 3. Users who complete Level 3 will also unlock the ability to process automatic withdrawals.

‼️ Important: Any attempt to manipulate or trick the system will result in an immediate downgrade or disqualification from the loyalty program.

🙏 The widget has been made live, and those who started using it helped us discover a few issues that have since been addressed.

We encourage everyone (community members & team members) to upgrade their levels as soon as possible.

The only way to reach a new level is by completing the assigned tasks.

What's next ?
Stay tuned for our next announcement regarding giveaways launching very soon on BullVerse, our next big step to bring engagement, revenue and users to the platform !

🇺🇸 Two Russian nationals indicted by the Justice Department for laundering $2 .55 billion in illicit proceeds through three cryptocurrency exchanges.

Blockchain analysis conducted by authorities revealed that 32% of bitcoins managed by exchanges were linked to criminal activity, including more than $158 million in fraud and more than $8 .8 million in ransomware payments.

The task management widget has been pushed, and many of you have already started using it.

The team is currently working on fixing some final details before we make the official announcement and proceed with the full release.

Levels are a significant part of what’s coming next for Bullverse, so stay tuned!

💥 BNY Mellon, which manages approximately $2 trillion in assets, has received SEC approval to offer custody services for #cryptomonnaies

Chapter Two Rebrands as ‘Solana Seeker’, Unveiling a Range of New Features and Enhancements
140,000 pre-orders later, Solana Mobile’s next generation web3 smartphone emerges from its ‘stealth phase’.

Solana Mobile, the team behind the wildly popular Solana Saga device, has finally unveiled the eagerly awaited Solana Seeker. The next generation web3 smartphone is slated for release in 2025, offering a host of improved features and benefits.

Following the rampant success of the sellout Solana Saga, Solana Mobile stealth-launched the mysterious ‘Chapter Two’. Despite being light on details, Solana Chapter Two was well-received by the wider crypto-community. Solana Mobile’s next generation device has already been pre-ordered over 140,000 times, with recipients eager to get their hands on fresh Solana hardware.

Both the Solana Saga and the Seeker, formerly ‘Chapter Two’ have been embraced by Solana’s mobile development community. Saga owners and Seeker Genesis token holders have been generously rewarded with a litany of airdrops, as well as a vast selection of dApps and features designed exclusively for the Solana Seeker ahead of the device’s launch.

Since its inception, Solana co-founder Anatoly Yakovenko has been one of Solana Mobile’s staunchest advocates. Championing mobile devices and services as a key area of growth for the network, Yakovenko contends that the Seeker will improve on the standards set by the Saga at more accessible prices.

“We founded Solana Mobile with the mission of taking crypto mobile. To achieve that, we needed to make Seeker more accessible, more affordable, and for its hardware and software to be even more deeply integrated for web3. The support from across the Solana community so far has been incredible, and with features like the new Seed Vault Wallet and the updated Solana dApp Store, we think Seeker will be the definitive web3 mobile device when it comes out next year.” - Anatoly Yakovenko, Solana Labs co-founder

What new features can users expect from the Saga’s highly-anticipated successor?

New Phone, New Features
While the full range of improvements and hardware specifications is yet to be announced, Solana Mobile has teased the following features for the upcoming Seeker:

Seed Vault Wallet - The Seeker comes complete with a built-in self-custodial Seed Vault to provide a frictionless web3 mobile experience. Designed exclusively for the Seeker in collaboration with Solflare, the Seed Vault support double-tap transactions and simplified account management.

Solana Mobile dApp Store - Competing directly with the Apple/Google duopoly, the Solana Mobile dApp Store debuts a compelling new rewards tracker and offers enhanced discoverability for DeFi, NFTs, DePIN, Gaming, and Payments applications.

Seeker Genesis Token - A soulbound NFT, the Seeker Genesis Token is a non-transferrable asset that gives holders exclusive access to rewards, content and opportunities throughout Solana’s thriving ecosystem.

Enhanced Hardware - Seeker promises a dramatically improved build quality, boasting a superior camera, extended battery life, a lighter design, and a brighter display than its predecessor.

With 2025 just around the corner, the launch and distribution of Solana Seeker may come sooner than expected. Given the generous incentives and rewards enjoyed by Solana holders, the Solana community awaits the launch of Solana Seeker with bated breath.

Drift Protocol, a rising star in the Solana DeFi space, has secured a $25 million Series B funding round led by crypto venture firm Multicoin Capital. This significant investment follows Drift's series of strategic moves to capture a larger share of the diverse DeFi derivatives market and will fuel an ambitious expansion of its team.

Drift's recent launch of BET on DRIFT, a prediction market built on Solana ahead of the US elections, has garnered considerable attention. Within just one week of launch, Drift flipped PolyMarket in 24-hour volume on August 28th, 2024, signaling a strong user response and a potential shift in the prediction market landscape.

The platform's rapid growth, with $388 million in total value locked (TVL) and a series of successful product launches, has attracted significant investor interest. While details of the latest funding round remain unclear, it is believed to be a private token sale, given Drift's existing $DRIFT token launched in May 2024.

Multicoin Capital's Managing Partner, Kyle Samani, confirmed the private nature of the funding round in a tweet posted a few days before the official announcement. He expressed strong confidence in Drift's potential: "We have been analyzing DeFi derivatives pretty seriously since 2019-2020, and we believe that Drift Protocol is the best positioned protocol to capture that opportunity. We led multiple private rounds and have been buying on the public market since the token launched in May."

The Drift token $DRIFT has surged by 77% in the past 30 days, currently trading at.73 at press time.

Drift's Journey: From Seed to Series B and Beyond
Drift's journey to this point has been marked by steady growth and strategic fundraising. The platform raised $3 .8 million in a seed round in 2021, followed by a $23 .5 million Series A round in May 2023. This latest funding round brings Drift's total funding to an impressive $52 .5 million, positioning it for further expansion and innovation.

Fueling Growth: Doubling the Team
With this fresh injection of capital, Drift is set to embark on an aggressive growth trajectory. The company plans to double its headcount from 25 to 50 within the next year. This expansion will bolster Drift's capabilities across various fronts, including engineering, product development, marketing, and business development.

With fresh capital and a growing user base, Drift is well-positioned to execute its ambitious roadmap. The platform plans to expand its suite of financial services tools, enhance its cross-margin functionality, and further develop its prediction market offerings.

You got enough of all these Pump and Dump Schemes? All these project that simply exist so that the so called "Devs" can use their Communitiy as exit liquidity?

At BEMEOW we do things different!! We bring intrinsic value to the Memecoin space and enable the Community to participate in launching Memecoins.

We launch TAX TOKENS!!! So we don't earn from dumping on the community. We earn from Volume & Volatility as it should be. And we reinvest 80% of these Taxes into Buybacks, Rewarding the Community and Growing the Ecosystem. 😺

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Devs cooking for 3 Month on this and a FULL TOKEN MANAGEMENET SOFTWARE ON SOLANA:
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#memecoins #catcoin #cats #meow #bullish #BullVerse #presale😻😻

💬 "Previous Bitcoin bullruns peaked between October and March, and we expect a major breakout in Q4 2024."

“We expect $5 billion to $8 billion to come back into the crypto space.”

Markus Thielen, manager at 10x Research.

Analysts agree on a range of catalysts fueling Bitcoin's momentum:

🔹️ The Federal Reserve's decision to cut interest rates by 0.50%, which weakened the US dollar.

🔹️ US fiscal debt reaching $35 trillion and increasing by $1 trillion every 100 days.

🔹️ Political developments with Kamala Harris expressing support for digital assets.

🔹️ Bitcoin ETF flows remained positive, with total inflows of $17 billion.

🔹️ The stability of BTC miners after the halving.

HIGHLIGHTS FROM SOLANA BREAKPOINT DAY TWO

Solana Breakpoint Day One set a rapid pace, with milestone announcements about Firedancer, key product updates from Jupiter, and trillion-dollar asset manager Franklin Templeton disclosing its intention to build a mutual fund on Solana.

Despite the high expectations following a blistering Day One, Day Two kept the momentum alive and delivered plenty of showstopping announcements.

COINBASE TO LAUNCH cbBTC ON SOLANA
Coinbase, one of the industry’s most popular centralized exchanges, announced its intention to deploy its wrapped version of Bitcoin on the Solana network. Since launching on Ethereum and Base just a few weeks earlier, cbBTC has quickly climbed the ranks to become the third-largest wrapped Bitcoin token in the market.

The move is expected to bring more of Bitcoin’s deep liquidity to Solana, where cbBTC can be integrated into various DeFi applications and increase capital efficiency on the network.

FIREDANCER LIVE ON MAINNET FOR NON-VOTE TRANSACTIONS
FireDancer may have stolen the show on Day One, but the Jump Crypto developers weren’t content to stop there. Firedancer’s Research and Development Architect, Phillip Taffet, and Production Engineer Anway De announced that the full Firedancer validator client was now live on the Solana mainnet for non-vote transactions.

But that wasn’t all that the Firedancer team had in store. A live demo also demonstrated the Frankendancer client executing 1.04M transactions per second.

MAGIC EDEN UNVEILS NEW FEATURES
Magic Eden, the blockchain industry’s largest NFT marketplace across all chains in terms of trading revenue, outlined some of its future plans.

Showcasing a more composable cross-chain ecosystem Magic Eden teased new features like the ability to swap fungible assets on one chain for non-fungible assets on a completely different network.

In a move that didn’t surprise anyone, Magic Eden also announced that its upcoming $ME token will be launched on Solana.

deBridge ANNOUNCES TGE
The deBridge ($DBR) token airdrop has been one of the most anticipated TGEs in recent months.

To thunderous applause from a captivated audience, deBridge co-founder Alex Smirnov announced that $DBR is scheduled to go live on the 17th of October.

Smirnov also used his time in the spotlight to share a wealth of new product features coming to the deBridge application, including gasless bridging and the integration of new chains live Bitcoin and Tron.

BONK ETP
One of Solana’s favorite memecoins, BONK made its presence known at Breakpoint. But beyond the BONK boxing ring, BONK core contributor Nom highlighted the prolific growth of the Bonk brand, which has secured impressive partnerships across the Web2 world, like its sponsorship of Borussia Dortmund.

Affirming BONK’s rise from memecoin, to cultural movement, to financial entity, Nom also announced the team’s intention to launch a BONK ETP. The move is believed to be a precursor to an eventual BONK ETF.

SANCTUM ANNOUNCES BIG UPDATES
Sanctum, the Solana DeFi powerhouse bringing greater flexibility to LST (Liquid Staking Tokens), announced several exciting updates.

First, Sanctum co-founder FP Lee introduced ‘Creator Coins’, a novel spin on LSTs that provides new tools for individuals, communities, and businesses to build, grow, and monetize their audiences.

Lee also announced the upcoming launch of a Sanctum card. Conceived in collaboration with BasedApp and Jupiter, the Cloud Card is expected to facilitate real-world payments using Solana-based crypto assets.

Finally, the Sanctum founder also shared that the platform’s polarizing incentives campaign, Wonderland, would be making its return soon with a second season of rewards.

Want to be a good memecoin trader?

Study:
- Narrative
- Community
- Marketing
- Trends
- GOOD MEMES

Then study:
- Risk management
- Volume
- Price action
- Market sentiment
- Whale movements
- Trading psychology
- Wallet Tracking

Study now, profit later

Daily Memecoin Recap - September 21

Feels good to see $sol almost above $150

Moo Deng Is King
$moodeng -> $27m to $60m (2.22x)
- World's most viral baby hippo
- Normie approved

Baby Animals
$pesto -> $1 .22m to $3 .43m (3.63x), viral baby penguin, largest baby penguin in existence
$toto -> hit $1 .12m, baby elephant
- Following $moodeng 's success, people are turning to other baby animals

Mitch Pushes A Meme
$wawa -> $61k to $3 .32m (54x), CTO, cat meme, pushed by idrawline
$wowo -> hit $372k , dog version & beta of $wawa

ETH memes
$terminus -> $528k to $10 .5m (19.88x), First City on Mars Terminus, community-managed, inspired by elonmusk
$doggo -> hit $20 .73m
$moodeng -> hit $14 .89m, $eth version

Hehe Pushes
$hehe -> $3m to $30m (10x from the low)
- Launched in June
- Pushing for ATH

High Volume Memes
$sol -> hit $2 .63m, Sol-Chan, cat adopted from the same shelter as $neiro and $doge
$gif -> hit $958k , CTO, good meme idea, just a bunch of gifs

More Cooks
$ily -> $500k to $4m (8x from the low), cat meme, launched in July
$trolli -> $156k to $350k (2.24x), new ATH, community launched token after 6ix9ine's dog
$puff -> hit $2 .58m, cat meme
$uptober -> hit $461k
$kawiza -> hit $438k , meme going around CT
$bbw -> hit $219k , "Bullwhale"
$ozempic -> hit $170k

I need to stop sleeping on $eth cooks

Long live $bobo tho

SOLANA BREAKPOINT: The Biggest Announcements From Day One
Hopes were high for some big announcements, but even the most devout Solana maxi wasn’t ready for this.

Over 5,700 Solana fans, users, and bulls descended on day one of Singapore Breakpoint. The biggest conference event in Solana history, Breakpoint delivered a wrath of key updates, with crucial developments announced from both native teams and institutional players.

If you weren’t at Breakpoint, here’s what you need to know:

FIREDANCER LIVE ON TESTNET
Solana users and investors alike were delighted to see Kevin Bowers, Jump Crypto’s Chief Science Officer take the stage to deliver one of the network’s most eagerly awaited updates.

Firedancer, the novel validator client promising to bring unparalleled levels of scalability, decentralization, and security to Solana, is now live on testnet.

But that’s just the tip of the iceberg. Bowers also took the opportunity to outline the development history of the client and its evolution from Frankendancer, an experimental synergy of existing software with Jump’s new codebase, to the optimized final Firedancer product.

To rounds of raucous applause from the Solana faithful, Bowers announced that the existing Frankendancer client is now live on the Solana mainnet.

FRANKLIN TEMPLETON BUILDING ON SOLANA
While existing SOL ETF applications find themselves unlikely to be approved in the short term, that doesn’t mean that TradFi giants aren’t eager to launch Solana-based products to their institutional clients.

Franklin Templeton, one of the world’s largest financial players boasting over $1 .3T in AUM (Assets Under Management) announced its intention to launch a mutual fund on the Solana blockchain.

CITIBANK EXPLORING SOLANA
Franklin Templeton, 21Shares, and VanEck aren’t the only Wall Street players with an eye on crypto’s most performant Layer-1.

Citibank, the fourth largest bank in the United States, shared that it was exploring Solana’s potential, suggesting that seamless money transfers and advanced smart contract composability present unique opportunities in the future.

JUPITER MAKES BIG MOVES
Traditional Finance may have dominated the headlines, but Solana-native DeFi teams also commanded their fair share of the spotlight.

Jupiter co-founder Siong presented an immense range of updates coming to Jupiter’s expansive ecosystem. Crucial announcements included a refreshed v2 perps platform, the reveal of the Ape Pro memecoin trading platform, further details surrounding the Jupiter mobile wallet, and Jupiter’s acquisition of the SolanaFM explorer.

SKY, FORMERLY MakerDAO, DEPLOYS ON SOLANA
MakerDAO, one of the crypto industry’s longest standing DeFi protocols, recently rebranded to SKY, migrating its iconic decentralized stablecoin from $DAI to $USDS . Building on top of the momentum achieved with the rebrand, SKY announced a proposal to leverage Wormhole’s cross-chain infrastructure to bridge $USDS to Solana.

Reinforcing SKY’s desire to be present on the Solana network, the protocol announced an rewards campaign to incentivise deeper liquidity on the network. According to SKY governance, the maximum distribution of weekly rewards is capped at 2M $SKY .

The move helps to bring greater stability to Solana DeFi by providing a more diversified range of stablecoin assets onchain.

Continuing the trend of Solana migration, the Huma Finance PayFi network also announced its intention to launch on the network.

$1 .3 trillion asset manager Franklin Templeton plans to launch a Mutual Fund on Solana blockchain.

🚨 Franklin Templeton plans to launch a mutual fund on the Solana Blockchain.

As a reminder, the company manages more than $1 .3 trillion in assets for its clients