Global #Meme coins

Mark Cuban, the billionaire entrepreneur and owner of the NBA’s Dallas Mavericks, has recently shifted his perspective on meme coins, emphasizing the paradox of their appeal amid high volatility.

BONK, a meme coin built on the Solana blockchain, was on the brink of a significant breakout that could have propelled its price by as much as 92%. Traders had been eyeing a bullish pattern, with hopes of reaching its all-time high of $0.00004800.

On September 28, crypto veteran Arthur Hayes revealed his strategy for capitalizing on the anticipated market rally by actively seeking the next popular token. In a post on X (formerly Twitter), he shared insights into his growing portfolio, which currently includes notable meme coins such as Mother Iggy (MOTHER), Mog Coin (MOG), and Pepe (PEPE).

On September 27, Three Arrowz Capital launched its meme token, 3AC, which quickly gained traction in the market. Within hours, its market capitalization soared to nearly $100 million, briefly peaking at over $170 million.

Pepe Unchained ($PEPU) has garnered significant attention in the crypto space, raising $14.1 million in its presale, thanks to a wave of renewed interest in meme coins. Following the Fed’s unexpected 50 basis point rate cut, digital asset prices soared, and $PEPU benefitted from this bullish sentiment.

In a tumultuous 24-hour period, the cryptocurrency market has seen a sharp downturn, sending shockwaves through major digital assets. Bitcoin (BTC) briefly dipped below the crucial $50,000 threshold, while Ethereum (ETH) plummeted to as low as $3,170, according to data from CoinGecko.