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According to BlockBeats, Lookonchain monitoring has revealed that over the past 11 days, a trader identified as 8BGiMZ invested just $321 to acquire 45.58 million units of the '114514' meme coin. This investment has now appreciated to a value of $2.18 million, resulting in an impressive return on investment of 6800 times.

According to BlockBeats, a bug on the CoinMarketCap website led to incorrect valuations for meme coins BabyDoge and CHEEMS. The glitch resulted in BabyDoge's market capitalization being inaccurately calculated at $127.91 trillion, surpassing Bitcoin's market cap of $1.87 trillion, with a 24-hour increase mistakenly recorded at 100,549,628%.CHEEMS also experienced errors due to the bug, with its price incorrectly listed as $0.00103 instead of the actual $0.00000103. Its market capitalization was erroneously set at $194 billion, placing it above USDT and XRP, and briefly ranking it fourth in the crypto market. The 24-hour increase for CHEEMS was inaccurately recorded at 98,132%.The bug was swiftly corrected following feedback from the community.

Meme coins rallied sharply at the start of 2026, with Dogecoin and Pepe leading gains as traders rotated into higher-beta assets amid range-bound bitcoin price action and thin post-holiday liquidity.Dogecoin rose about 11% over 24 hours, while PEPE surged roughly 17%, extending intraday gains of as much as 25% at the peak of the move. The rally fueled renewed talk of a potential “meme season” as speculative appetite resurfaced across crypto markets.Meme coin market activity acceleratesThe rebound was not isolated to a single token. Data from CoinGecko shows that its GMCI Meme Index category reached a total market value of approximately $33.8 billion, with $5.9 billion in 24-hour trading volume, indicating broad participation across the sector.Dog-themed tokens flashed green across the board. Shiba Inu (SHIB) gained around 8%, Bonk (BONK) on Solana added nearly 11%, and Floki (FLOKI) climbed close to 10% on the day.Smaller-cap meme coins moved even faster. Mog Coin (MOG) rose about 14% on the day and nearly 37% over the past seven days, while Popcat (POPCAT) gained roughly 9%, extending weekly gains to more than 17%.Momentum flows spill into memesTraders on X highlighted PEPE’s breakout as a key technical trigger, with some suggesting momentum-driven flows were rotating from larger cryptocurrencies into meme coins as liquidity gradually returned.The setup mirrors a familiar pattern observed during previous speculative phases, where capital migrates from major assets into higher-volatility tokens once directional conviction builds and risk tolerance improves.Why meme coins are outperformingBitcoin has remained largely range-bound, while liquidity conditions remain uneven following the holiday period. In that environment, traders often look for the highest-beta assets to express risk-on views without waiting for a clear macroeconomic catalyst.Meme coins tend to benefit under these conditions. They:Move quickly relative to large-cap assetsHave deep derivatives markets on major venuesAttract momentum-focused traders less reliant on fundamental narrativesThat combination can amplify short-term price action, even in the absence of broader market confirmation.Rally remains fragileThe surge does not necessarily signal the start of a sustained meme-led market cycle. Historically, meme coin rallies are often self-reinforcing in the short term but structurally fragile.When positioning becomes crowded, spot demand thins, or bitcoin weakens, meme coins can unwind rapidly. Leverage that accelerates upside moves can just as quickly force sharp downside de-risking.As a result, meme coins are often viewed as a temperature check for speculative appetite rather than a standalone market trend.Watching for confirmationOne common framework used by traders is a “meme season index”-style approach, which tracks how many large meme tokens outperform bitcoin over a defined period. A sustained increase typically signals rotation into higher-risk segments of the market rather than simple large-cap accumulation.For now, price action suggests traders are willing to take selective risk. The next key signal will be whether gains broaden across a wider set of meme assets — or fade as quickly as they emerged.

According to PANews, CryptoQuant CEO Ki Young Ju has highlighted data indicating that meme coins reached a historical peak in altcoin market share at the beginning of 2025, surpassing 0.1. However, this share has now fallen below 0.04. Based on this trend, Ju concluded that the meme coin market is effectively dead.

The memecoin market has crashed to its lowest level of 2025, shedding more than $5 billion in 24 hours as traders flee speculative assets during a broader crypto market drawdown.According to CoinMarketCap, the combined market capitalization of major memecoins plunged to $39.4 billion on Friday — down from $44 billion the previous day — despite a 40% surge in trading volume. The sell-off marks a 66.2% decline from the memecoin sector’s yearly peak of $116.7 billion, reached on Jan. 5.Crypto Market Bleeds $800B in 3 WeeksThe memecoin crash mirrors the broader crypto downturn. CoinGecko data shows the total crypto market cap has fallen from $3.77 trillion (Nov. 1) to $2.96 trillion, wiping out nearly $800 billion in three weeks.At publication time:Bitcoin (BTC): $82,778, down 14.7% over the weekEther (ETH): $2,688, down 16% over the weekThe weakness reflects a widespread retreat from risk across the digital asset sector.Top Memecoins Deep in the Red Across All TimeframesEvery major memecoin in the top 10 by market cap is posting losses across 1-hour, 24-hour, and weekly timeframes — signaling a broad collapse in risk appetite.Weekly losses among major memecoins:Dogecoin (DOGE): –14.10%Shiba Inu (SHIB): double-digit lossesPepe (PEPE): about –20%Bonk (BONK): about –20%Floki (FLOKI): steep declinesDogwifhat (WIF): ~–20%Pudgy Penguins (PENGU): ~–20%Even Donald Trump’s TRUMP memecoin, one of the most resilient during the downturn, fell 11.65% on the week.Across the board, seven-day losses ranged from 11% to over 20%, confirming a sector-wide capitulation.NFT Market Hits Lowest Level Since AprilThe nonfungible token (NFT) market — another speculative segment closely tied to risk sentiment — also saw a sharp contraction.NFT total market cap: $2.78 billion, down 43% over 30 daysLowest since April 2025Reflects ongoing declines in demand for digital collectiblesLargest 30-day NFT losses among top collections:Hypurr (Hyperliquid): –41.1%Moonbirds: –32.7%CryptoPunks: –27.1%Pudgy Penguins: –26.6%Only two collections bucked the trend:Infinex Patrons: +11.3% — the month’s best performerAutoglyphs: –1.9%, the smallest decline among major collectionsSentiment Hits Multi-Month LowsThe synchronized drop across memecoins, NFTs, Bitcoin, and Ethereum reflects a deepening risk-off environment:ETF outflows have hit multi-week recordsMacro uncertainty is risingTraders are reducing exposure to high-volatility assetsLiquidity remains thin across speculative tokensAnalysts warn that until macro conditions stabilize or ETF flows reverse, memecoins and NFTs may face continued pressure.

According to PANews, a16z Crypto has released its '2025 Cryptocurrency Industry Status Report,' highlighting the issuance of over 13 million meme coins as a sign of regulatory gaps in the cryptocurrency sector. The report underscores the urgent need for the United States to enact market structure legislation to provide clearer frameworks for developers and investors in the crypto space.The report suggests that the proposed 'Digital Asset Market Transparency Act,' currently before Congress, could enhance consumer protection through additional safeguards, regulate blockchain-based intermediaries, and establish clearer regulatory pathways for digital commodities if passed.The surge in meme coins over the past year is seen as a reflection of the absence of a regulatory framework. These coins are characterized by high volatility and unprecedented risks, showcasing both the immense potential of cryptocurrencies as an asset class and their well-known speculative investment risks.

Key TakeawaysElon Musk’s Shiba Inu dog, Floki, “returns as CEO” of X in a new post.The Floki memecoin (FLOKI) spiked 28.8% shortly after the post.Musk’s influence over memecoin markets remains strong despite volatility.The memecoin sector lost nearly 40% of its market cap after the Oct. 10 crash.Elon Musk once again sparked a frenzy in the memecoin market after posting a lighthearted video of his pet Shiba Inu, Floki, on his social platform X (formerly Twitter).On Monday, Musk shared that Floki was “back on the job” as CEO of X, accompanied by an AI-generated video showing the dog wearing glasses and a tie, muttering:“Numbers, numbers, numbers? Is this working? Yay.”The post sent the Floki (FLOKI) token soaring 28.8%, jumping from $0.00006572 to $0.00008469 before correcting slightly to $0.00007998, according to CoinGecko.The move underscored Musk’s ongoing influence on speculative crypto assets. Despite repeated market corrections, the billionaire’s social posts continue to drive sharp, short-lived rallies in meme-based cryptocurrencies.Musk’s History With MemecoinsThis is far from the first time Elon Musk has influenced memecoin prices. His playful references to Dogecoin (DOGE) during the 2021 bull run famously helped push the token from fractions of a cent to nearly $0.73.In 2022, Musk faced a class-action lawsuit accusing him of manipulating Dogecoin’s price through his social media activity. The lawsuit was withdrawn in November 2024, but Musk’s impact on the memecoin space has persisted.Memecoin Market Still Recovering From October CrashWhile Floki’s surge brought brief optimism, the broader memecoin sector remains under pressure. According to CoinMarketCap, the category’s total market capitalization plunged nearly 40% during the October 10 crypto crash, dropping from $72 billion to $44 billion.The crash wiped out three months of gains, sending prices back to July levels. Although partial recovery followed, another sell-off on October 18 erased an additional 9–11% of market value amid heightened fear and a $230 billion drawdown across the crypto market.

According to PANews, WorldLibertyFi's multi-signature address conducted a buyback of WLFI tokens valued at $2 million USD1 on the blockchain within the past hour. The transaction involved the repurchase of 6.498 million WLFI tokens at an average price of $0.308 per token.

According to Foresight News, monitoring by @ai_9684xtpa reveals that within half an hour after the WLFI token generation event (TGE), four of the top ten individual holders (ranked 6th, 7th, 8th, and 10th) decided to sell part or all of their holdings. The remaining six holders have retained their tokens.The holders who chose to sell opted to deposit their tokens into exchanges rather than conducting on-chain transactions. These four holders have collectively deposited a total of 1.86 billion WLFI tokens, which accounts for 4% of the total holdings of the top ten individual holders and represents a certain proportion of the unlocked token supply.

According to Binance market data, WLFI opened at 0.2000 USDT on Binance and is currently quoted at 0.2980 USDT. The token has experienced an increase of +48.50% over the past 24 hours.

According to BlockBeats On-chain Detection, recent data from Arkham reveals that World Liberty Financial's official address has purchased 3.26 million WLFI tokens for $1 million USD1 through Cow. This transaction occurred 13 minutes prior to the report.

According to BlockBeats, market data indicates that WLFI is currently priced at $0.3428 on the Solana network. This price shows a significant discrepancy compared to its value on centralized exchanges (CEX).

According to BlockBeats, Donald Trump Jr., co-founder of World Liberty Financial, announced on social media the launch of the WLFI token. He described the day as significant, emphasizing that WLFI is not a meme coin but a governance pillar of a genuine ecosystem, aiming to transform the flow of funds. 

According to BlockBeats, CoinMarketCap CEO Rush has addressed user concerns regarding the data on WLFI token supply. The previously released information was based on the latest data provided by the WLFI team earlier today. However, these figures may be subject to adjustments as the token undergoes allocation prior to its initial listing.CoinMarketCap has reached out to the WLFI team for clarification, emphasizing that all data originates from the project team and is verified by them. The platform will continue to update users with the latest developments.

According to PANews, a security incident involving the theft of WLFI tokens from a private investor has been disclosed by SlowMist's Cosine on the X platform. The theft occurred due to a private key leak, which led to the exploitation of the EIP-7702 phishing mechanism. This mechanism was strategically set up by phishing groups, potentially more than one, at the wallet address corresponding to the leaked private key.The EIP-7702 mechanism automatically transfers any gas fees intended for moving remaining tokens, such as those locked in Lockbox contracts, to the attackers. The attackers employed a strategy involving the injection of gas, canceling or replacing the embedded EIP-7702 mechanism with their own, and transferring valuable tokens. These actions were executed using flashbots, allowing them to be bundled and sent within a single block.

According to BlockBeats, David Bailey, CEO of Bitcoin Magazine, shared on social media that he anticipates no further bear markets for Bitcoin in the coming years. Bailey expressed confidence that sovereign nations, banks, insurance companies, corporations, and pension funds will eventually hold Bitcoin. He noted that this process has already begun, despite Bitcoin currently representing less than 0.01% of the total market size. Bailey believes that Bitcoin's price will continue to rise.

Shiba Inu (SHIB) fell 1.54% in the past 24 hours, underperforming the broader crypto market (-2.06%). The decline stems from waning Shibarium activity, a key technical breakdown, and a wave of leveraged liquidations.1. Shibarium Activity Slump Hits Burn Momentum (Bearish Impact)Shibarium, SHIB’s Layer-2 network, recorded a 22% drop in daily transactions to 3.65M on August 19 (Coinspeaker). At the same time, SHIB’s daily burn rate collapsed by 98.89%, with only 223,914 tokens burned compared to 21.4M previously.Why it matters: Weak network engagement signals declining user activity and undermines SHIB’s deflationary burn narrative, historically a key bullish driver.Investor takeaway: Sustained Shibarium slowdown could weigh heavily on long-term sentiment.2. Technical Breakdown Below $0.00001224 (Bearish Impact)SHIB broke below its 20-day EMA at $0.00001224, slipping toward the lower Bollinger Band at $0.00001164. Momentum indicators remain negative: the MACD line is still below the signal line (U.Today).Why it matters: The technical breakdown triggered automated selling and discouraged short-term bulls.Next levels to watch:Immediate support: $0.00001164 (lower Bollinger Band).Key floor: $0.00001100 (July low). A breach could accelerate panic selling.3. Long Liquidations Amplify Downside (Mixed Impact)SHIB faced $111,840 in long liquidations vs. just $16.50 in shorts on August 19 — a 699,000% imbalance (U.Today). The liquidation wave followed Bitcoin’s dip below $115K, which pressured altcoins across the board.Why it matters: Over-leveraged traders magnified downside pressure.Contrarian signal: Whales accumulated 132B SHIB from Coinbase, suggesting larger players view the dip as a buying opportunity.Conclusion: SHIB Under Pressure, $0.00001164 Is KeyShiba Inu’s decline reflects a triple hit from:Slowing Shibarium activity and weaker burns.A decisive technical breakdown below the 20-day EMA.Derivatives-driven liquidations.Whale accumulation signals underlying demand, but the technical outlook remains fragile.Key watch: Whether SHIB can hold $0.00001164 support ahead of Fed Chair Powell’s Jackson Hole remarks on Friday, which could shift broader risk sentiment.

Dogecoin (DOGE) fell 2.66% to $0.217 in the past 24 hours, underperforming the broader crypto market (-2.06%). The decline stems from renewed security fears, cooling altcoin sentiment, and technical weakness near a critical support zone.1. Security Concerns After Qubic Attack Proposal (Bearish Impact)The Qubic blockchain community voted to direct hashpower toward Dogecoin, sparking fears of a potential 51% attack — a vulnerability that can enable double-spending or chain reorganizations.Market reaction: Panic selling followed, with futures open interest down 8% as leveraged traders cut exposure.Network trust: The threat raises doubts about DOGE’s resilience to coordinated mining disruptions, similar to Qubic’s recent attack on Monero.What to watch: Whether Qubic follows through on the plan and how DOGE’s hash rate stability holds in the coming sessions.2. Altcoin Sentiment Cools as Retail Hype Fades (Bearish Impact)Broader altcoin enthusiasm has weakened, hurting meme coins like DOGE that rely on retail-driven inflows.Google Trends: Searches for “alt season” dropped 50% in the past week.Bitcoin Dominance: BTC’s market share rose to 58.63%, diverting liquidity away from altcoins.DOGE Volume: Spot trading volume fell 37% in 24h, signaling weaker buyer participation despite whales accumulating 680M DOGE.What to watch: Whether retail flows re-enter meme coins, or if capital continues rotating into Bitcoin and large-cap alts.3. Technical Breakdown at $0.22 (Mixed Impact)DOGE’s price action shows a loss of bullish momentum after failing to hold the $0.22 level.Indicators: RSI at 49.77 (neutral-bearish) and MACD at -0.0017 reflect fading momentum.Key Support: $0.21 is now a make-or-break level. A close below risks a retest of $0.20, with Fibonacci analysis pointing to $0.189 support as the next downside target. What to watch: If DOGE can defend $0.21 and rebound, or if bears force a breakdown toward $0.19–$0.20.DOGE Faces Triple ThreatDogecoin’s decline highlights a triple threat of:Security jitters over a potential 51% attack.Weakening altcoin sentiment amid fading retail hype.Technical breakdown below key support levels.While whale accumulation signals some long-term conviction, short-term traders remain cautious ahead of Fed Chair Powell’s Jackson Hole speech on Aug. 23, which could shift broader risk appetite.

Key Points:Dogecoin (DOGE) trades between $0.21–$0.28, with analysts eyeing a possible 40% breakout move.Shiba Inu (SHIB) struggles near $0.0000124, with downside risk if support at $0.0000123–$0.0000125 fails.Both meme coins face mixed technical signals as traders debate whether momentum can sustain.Dogecoin (DOGE): Triangle Consolidation Signals Potential MoveDogecoin continues to hold its spot as the leading meme coin, buoyed by strong community support and sporadic integrations in the DeFi space.Price Action: DOGE has fluctuated between $0.21 and $0.28 in recent sessions.Momentum: Whale accumulation briefly pushed prices higher, but declining volumes have led to retraced gains.Technical Setup: Analyst Ali Martinez noted that DOGE is consolidating in a triangle formation, suggesting a potential 40% price move once a breakout occurs.Traders are now watching for confirmation: a breakout above $0.28 could reignite bullish momentum, while failure to hold $0.21 support may trigger further downside.Shiba Inu (SHIB): Support Under PressureShiba Inu has struggled to hold above $0.0000124, testing key support levels that could dictate near-term direction.Support Zone: Analysts highlight $0.0000123–$0.0000125 as critical. A breakdown below this range could open the door to a 50% pullback.Bearish Risk: Weakening momentum and fading volume point to caution.Bullish Outlook: Some analysts remain optimistic. A veteran trader known as Anonymous forecasts SHIB could climb from $0.000017 to $0.000032 by Q4, citing possible retail inflows and ecosystem catalysts.The short-term outlook hinges on whether SHIB can defend its support zone — failure risks sharp losses, but resilience could set up a rebound.Meme Coin Momentum TestedDogecoin and Shiba Inu both remain volatile and sentiment-driven assets. DOGE’s consolidation points to a potential breakout scenario, while SHIB’s fragile support puts it at risk of a deeper pullback.For traders, the next few sessions will be crucial:DOGE: Watch the $0.21–$0.28 range for breakout direction.SHIB: Monitor the $0.0000123 support level to gauge downside risk.