In just two weeks, Justin Sun’s SunPump token generator generated $3.1M. Regarding social media community engagement, DOGE and SHIB were at the top, while Grimace was promoted by hackers on McDonald’s Instagram account.
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This week read about:
· Meme Coin News: Market Highlights
· Justin Sun’s SunPump Surpasses 3M in Volume, TRON-Based SunDog Listed on Bybit
· DOGE Takes Throne and SHIB 2nd Place in SNS Community Activity
· McDonald’s Instagram Account Hacked to Promote Grimace Meme Coin
Meme Coin News: Market Highlights
Today is going mixed for the meme coin market. The prices of many coins are rising despite the overall decrease in capitalization.
Additionally, over the last day, the market’s capitalization decreased by less than 3% to reach $45.5 billion.
The two best performers today are lesser-known dog-themed coins.
Resistance Dog (REDO) is up 154% to the price of $0.7032, while Wrapped DOG (WDOG) saw a 76% rise to $0.01915.
While Fwog (FWOG) appreciated 57%, the rest of the green list is up 29% and less.
On the other side is Neiro on ETH (NEIRO) with a 10.4% drop to $0.1212. It’s the only coin in this category with a double-digit fall.
The second-placed Habibi (Sol) (HABIBI) is down 9.8%, trading at $0.02137.
Zooming into the top 10 meme coins per market cap, we find that only three are down.
Baby Doge Coin (BABYDOGE) fell the most in this category: 1.85% to $0.000000001128.
It’s followed by Memecoin (MEME)’s 1.2% fall and Dogwifhat (WIF)’s 0.6% fall.
Only one coin saw its price rise above 1%. Floki Inu (FLOKI) appreciated 6.3%, now trading at $0.00015.
The second-placed Pepe (PEPE)’s price increased by 0.99%, changing hands at $0.00001.
Top two coins Dogecoin (DOGE) and Shiba Inu (SHIB) have seen rises of 0.35% and 0.5% to $0.10934 and $0.00001, respectively.
Justin Sun’s SunPump Surpasses 3M in Volume, TRON-Based SunDog Listed on Bybit
The team behind the TRON-based SunDog has announced that the coin has been listed on the crypto exchange Bybit.
“The contract is now available for trades via Futures bots, such as Futures Grid, Futures Martingale, and Futures Combo,” the exchange stated.
SunPump also tweeted the news.
Congrats for the $SUN-ny doggo getting listed on @Bybit_Official! https://t.co/NKCYa0bBUH
— SunPump (@sunpumpmeme) August 26, 2024
On August 13, SUN.io, a DeFi platform on Tron, launched SunPump Beta, meant to stand as a rival to the popular Solana-based pump.fun.
It is a platform that lets non-programmers create meme coins on the Tron blockchain.
The platform has recorded TRX 18,473,530, or $3.1 million, less than two weeks after its launch.
It has also seen 45,912 tokens created.
Its best day so far was August 21, with 7,531 tokens created and 3.66 million TRX in volume.
DOGE Takes Throne and SHIB 2nd Place in SNS Community Activity
In addition to dominating the meme list in terms of market capitalization, Dogecoin is also the top meme coin in terms of the DOGE community’s social media activity.
Lucie, the Shiba Inu (SHIB) marketing lead, shared a post on Friday showing the top 10 coins per social activity.
The first place is taken by the popular DOGE, seeing a 4.2% social dominance.
6.63 million interactions and actions (likes, comments, retweets, and upvotes) were recorded on various social media platforms.
Additionally, DOGE saw 21,600 posts across social channels.
$SHIB 🥰❤️ back to second place pic.twitter.com/jWqTmLWuzb
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) August 23, 2024
SHIB took the second spot with 3.95% in social dominance.
It also saw 3.76 million interactions and 20,300 posts.
Although WIF, which is ranked fourth, has more interactions than PEPE, which is ranked third in terms of social dominance.
The top 10 list also includes BONK and FLOKI, both of which have market dominance percentages above 1, as well as TURBO, MUMU, MOG, and PORK, with percentages below 1.
This is the $SHIB mood:
— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) August 26, 2024
Ready to show off! 😂
pic.twitter.com/E9fPna3WOT
McDonald’s Instagram Account Hacked to Promote Grimace Meme Coin
On Wednesday, an individual or a group hacked the McDonald’s official Instagram account to push a Solana-based Grimace meme coin.
One of McDonald’s own characters, Grimace lives in McDonaldland, the company’s fantastical land.
The coin, however, is not associated with the brand.
The hackers edited McDonald’s account profile to read: “Sorry mah [racial slur] you have just been rug pulled by India_X_Kr3w thank you for the $700,000 in Solana.”
They went on to promote the coin as well.
Notably, McDonald’s marketing director Guillaume Huin’s Twitter account also featured a post regarding the meme coin.
McDonald's official Instagram account was suspected to have been hacked, claiming that it had issued the Meme token "GRIMACE" on Solana. The market value of GRIMACE rose to $25 million within 30m and then fell rapidly. Guillaume Huin, the marketing director of McDonald's, also… pic.twitter.com/uLrgxK1DCz
— Wu Blockchain (@WuBlockchain) August 21, 2024
McDonald’s team said they were “aware of an isolated incident that impacted our social media accounts.”
“We have resolved the issue on those accounts and apologize to our fans for any offensive language posted during that time,” McDonald’s said, according to the New York Post.
All of the Instagram and Twitter posts were quickly removed, but some of the hack’s remnants apparently persisted for a few more hours.
hahaha Telegram
— Dominic Alvieri (@AlvieriD) August 21, 2024
McDonald’s Instagram hacked account recovered but still has this Telegram link. pic.twitter.com/kmFgkdrw26
The coin’s market value spiked substantially but briefly on Wednesday. It quickly fell back down.