GM citronauts. Grab your virtual fruit baskets – we're harvesting the freshest crypto gossip from the groves of the internet.
🌞 A new memecoin deployer on Tron, Sun Pump, has surpassed the Solana-based pump.fun in daily activity and revenue.
🍟 The IG account of McDonald’s got hacked to promote a memecoin in a pump-and-dump scam.
🍊 News drops: RFK Jr. might exit the presidential race, El Salvador’s teaching govt employees about Bitcoin + more
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| Crypto Market Cap $2.23 Trillion 0.9% (24H) | |||
| Name | Price | 24H % | 7D % |
|---|---|---|---|
 Bitcoin BTC |
$60,466.28 | 2.12% | 2.24% |
 Ethereum ETH |
$2,606.24 | 1.95% | -1.35% |
 BNB BNB |
$585.78 | 5.90% | 11.45% |
 Solana SOL |
$142.45 | 1.78% | -1.09% |
| Prices as of 10:25 AM EST. Click here to see live data. |
The crypto market shows renewed vigor today, with top coins rebounding and the Fear and Greed Index leaping from 26 to 39. After a period of calm, Bitcoin's volatility is ramping up again, nearing levels seen during its all-time high earlier this year. Meanwhile, all eyes are on the upcoming central bankers' conference in Jackson Hole this Friday for potential market-moving signals. In this dynamic landscape, the only certainty is uncertainty 🌊
This year, Solana's pump.fun has reigned over the memecoin market, giving a platform for people to create world-changing tokens, such as "Holy Frog Father," "Smoking Chicken Fish," "what the sigma," "Crocs In Sport Mode," and so many more (I feel like these tokens would send a Victorian child into a coma, ngl).
However, yesterday, a new memecoin deployer based on Justin Sun's Tron network, Sun Pump, took over the crown.
Sun Pump outshined its rival both in terms of daily activity (7,531 new tokens created compared to pump.fun's 6,701) and revenue ($555K to $366K).
The crazy part is that this platform was launched just 12 days ago, and within this short period of time managed to:
- Create over 25K memecoins;
- Surpass $1.6M in revenue.
Will it continue to shine bright? That's TBD, but for now, it's surely causing a heatwave out here.
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On today's menu: a large McScam meal with a Coke and a side of tears.
The official IG account of McDonald's got hacked and made a few posts about a new memecoin inspired by one of the fast food chain's mascots, Grimace.
Many people rushed to grab a piece of that—within minutes, the token's market cap soared to $25M.
However, the only ones who weren't left hangry were the hackers, who reportedly bought 75% of the total supply at launch, spread it to around 100 addresses, and then devoured $700K in profits once they dumped all their holdings.
The market cap then dropped to below $1M, currently at $325K.
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And as if stealing from investors wasn't enough, the scammers dropped a cheeky little "in your face" bomb in the account's bio:
"Sorry mah n***a you have just been rug pulled by India_X_Kr3w thank you for the $700,000 in Solana"
… ba da ba ba baaa…😔
McDonald's has since regained control of the account, deleted the posts, removed the bio, and apologized for the offensive content posted during the hack.
So, what did we learn today? The saying "put your money where your mouth is" can sometimes be misinterpreted. Never put your money into a random sketchy memecoin just because you love a good Big Mac in your mouth.
📰 News drops
👋 Speculation is growing that the crypto-friendly presidential candidate RFK Jr. will exit the race and join the Trump campaign. The odds of him exiting before November have increased to 96% on Polymarket.
📚 El Salvador is launching a certification program to educate public servants on Bitcoin. 80K government employees will be provided with the knowledge and skills needed to effectively manage Bitcoin-related public policies.
🥥 Kamala Harris will back measures to help grow digital assets. "She's going to support policies that ensure that emerging technologies and that sort of industry can continue to grow," said Brian Nelson, senior adviser for policy to the campaign.
🇦🇪 Tether will develop UAE dirham-pegged stablecoin. It will provide the benefits of the dirham while leveraging the transparency and efficiency of blockchain.
🧐 Vitalik Buterin posted a 11,700-word philosophical essay about pluralism. He outlined how this philosophy can be applied to social media, blockchain ecosystems, and local government. However, it seems like his followers prefer *different* content:
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