A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more ›
Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below.
If you don’t have enough, buy ACS on the following exchanges:
Access Protocol is a web3 monetization paywall. When users stake ACS, they can access paywalled content. Learn more ›
Disclaimer: By choosing to lock your ACS tokens with CryptoSlate, you accept and recognize that you will be bound by the terms and conditions of your third-party digital wallet provider, as well as any applicable terms and conditions of the Access Foundation. CryptoSlate shall have no responsibility or liability with regard to the provision, access, use, locking, security, integrity, value, or legal status of your ACS Tokens or your digital wallet, including any losses associated with your ACS tokens. It is solely your responsibility to assume the risks associated with locking your ACS tokens with CryptoSlate. For more information, visit our terms page.
The global crypto market cap is $1.1 trillion with a 24-hour volume of $39.68 billion. The price of Bitcoin is $26,292.73 and BTC market dominance is 46.2%. The price of Ethereum is $1,769.98 and ETH market dominance is 19.7%. The best performing cryptoasset sector is Cannabis, which gained 21%.
Top Up and Start Earning Daily Interest on Your Crypto
Milady Memecoin LADYS is enjoying most of the hype as several traders are swapping their Pepe positions for the token.
Cover art/illustration via CryptoSlate
The hype around Pepe (PEPE) memecoin appears to be dying, with the token trading more than 70% away from its all-time high.
During the past week, crypto traders increasingly profited from the memecoin, moving its market cap from a peak of $1.65 billion to less than $500 million within a week.
For context, Pepe’s market cap declined by roughly $200 million within the last 24 hours to $491.07 million from over $600 million, according to CryptoSlate’s data.
Meanwhile, the decline has not stopped whales like Machi Big Brother from stockpiling the asset. On-chain sleuth Lookonchain reported that the trader bought 66 billion Pepe tokens between May 8 and May 10.
However, the decline in Pepe’s value does not mean the crypto community’s interest in memecoins has waned. On-chain data suggest that more memecoins are being developed, drawing widespread interest from entrepreneurs like Justin Sun and crypto exchanges listing them.
New meme assets like Lady, Sponge, Four, Turbo, and others are gaining momentum as more traders ape into them. One trader who made a profit of $14.5 million trading Pepe has been buying Turbo and now holds 1.47 billion of the tokens.
Meanwhile, Milady memecoin LADYS appears to be enjoying most of the hype as several traders are swapping their Pepe positions for the token.
The memecoin saw rapid interest after Elon Musk tweeted a picture relating to the Milady NFT — causing the value to rise by more than 7000%, according to Coingecko data.
Even famous figures in crypto — like 0xSisyphus, and investment firm DWF Labs — are actively trading the memecoin.
Although several people made profits on LADYS, there have also been losses. One trader lost 100 ETH trading the memecoin after initially buying 2 trillion LADYS for 174 ETH and selling for 73.5 ETH.
Oluwapelumi believes in the transformative power Bitcoin and the blockchain industry hold. He is interested in sharing knowledge and ideas. He covers various topics, from DeFi and hacks to mining and memecoins.
Josh has been writing for a decade and is passionate about mainstream crypto adoption, bringing positive financial change to the masses through crypto and decentralized finance.
Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.
PEPE is a deflationary memecoin launched on Ethereum.
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
South African-born Elon Musk has founded several companies, including X.com (which later became PayPal), SpaceX and Tesla Motors.
Justin Sun is the Ambassador and Permanent Representative of Grenada to the WTO, Founder of TRON, one of the world’s largest blockchain DAO ecosystems, and Advisor to Huobi Global, one of the world’s largest crypto exchanges.
Rumors suggest that ex-Meta COO Sheryl Sandberg could lead the firm.
The U.S. lawmakers said the SEC was yet to provide adequate responses for its inquiries into its activities.
Transactions were only partially processed for a period of 25 minutes.
Worldcoin, founded by Sam Altman, is set to launch its WLD token this year.
Former SEC official John Reed Stark said Tether has no legal framework guiding its operations in the United States.
Binance CEO Changpeng ‘CZ’ Zhao explained that the exchange moved those tokens to its innovation zone instead of delisting them.
The anonymous vigilante reportedly found 986 unique Bitcoin addresses between March 2022 and April 2022 that they claimed were used by Russian security agencies.
Dennis Porter said ‘We are winning’ in response to the state of North Carolina passing bill blocking CBDC payments.
Blockchain analytical firm Arkham Intelligence reported that over 50 addresses hold more than $1 million worth of PEPE.
Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events. None of the information you read on CryptoSlate should be taken as investment advice. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own diligence before making any investment decisions. CryptoSlate is not accountable, directly or indirectly, for any damage or loss incurred, alleged or otherwise, in connection to the use or reliance of any content you read on the site.
© 2023 CryptoSlate. All rights reserved. Disclaimers | Terms | Privacy
Please add “[email protected]“ to your email whitelist.
Stay connected via
source
Source: Cryptoslate.com
