Author: Yeek.io

Pudgy Penguins [PENGU] is down 14% in the past 24 hours. PENGU had the biggest loss among CoinMarketCap’s top 100 crypto tokens during this period. A couple of factors influenced this sudden crash, which occurred after a week of positive gains across the crypto sector. Monthly unlocks fuel selling pressure The number of transactions was growing, but sellers dominated them more. According to Dune Analytics, sell transactions were 19,865, while those of buyers were 19,648. However, the difference was not that big. Additionally, the number of daily sellers was 959, while the number of buyers was 804. Source: Dune Analytics…

SPX6900 [SPX] was built to emulate the S&P 500 index and maybe flip it, according to its developer. However, that seems to be a far-fetched idea. SPX6900 rose to a $2 billion market cap but has since dropped to $300 million, an 86% decline. In the past 24 hours, SPX6900 lost about 10% of its cap, aligning with the broader memecoin market, which lost 4.27%. Its daily trading volume also increased by more than 15%, confirming the sell pressure. But where was this selling coming from? What are holders doing? As per on-chain data of holders of SPX on the…

Bitcoin has shed 1.5% of its value in the last 24 hours, with the crypto down by over 15% over the past week. As expected, this has affected the altcoin market’s sentiment negatively, with its capitalization falling by 9.7% in a week. According to Glassnode, the memecoin sector fell by 10% too. Altcoins, especially weak ones with a lack of demand or narrative, can continue to bleed against Bitcoin even if the latter turns its own trend around. Siren [SIREN], for its part, lost 12% in 24 hours. Its daily trading volume declined by 40%, with Open Interest falling by…

Fartcoin [FARTCOIN] crashed by more than 16% in the past 24 hours as memecoins lost a big chunk of their market caps. Over the past week, FARTCOIN was down 34% and 58% in the last 30 days. The broader memecoin sector declined by more than 6.57%, bringing its market cap to $26.84 billion, according to CoinMarketCap. Even the bigger memecoins like Dogecoin [DOGE], Shiba Inu [SHIB], Pepe [PEPE], and Official Trump [TRUMP] did not escape the decline. However, their drawdowns were not in double digits as of press time. FARTCOIN daily trading volume Apart from a broader memecoin market weakness,…

On the 7th of June, Pudgy Penguins [PENGU] gained 16% in 24 hours as the broader crypto market rebounded. Memecoins rose 5.82% during the same period, nearly recovering the previous day’s losses. However, trading activity remained weaker. Memecoin volume fell 40%, while PENGU’s volume dropped 30%. Even so, liquidity remained healthy. The volume-to-market-cap ratio stood at 25.64%. Who is buying PENGU right now? PENGU ranked among the day’s strongest performers as the crypto market added 1.25% to its total capitalization. On-chain data suggested large investors led the buying activity. Exchange Balances declined by more than 40 million PENGU tokens. That…

Official Trump [TRUMP] attracted renewed market attention after posting a 15.79% daily gain that lifted the token to $1.98.  Trading activity strengthened alongside the advance, with 24-hour volume rising 24.45% to approximately $256 million.  The combination of rising prices and expanding volume suggested that market participants had returned after an extended period of weakness.  Interest surrounding the token increased as the rally developed, while the broader recovery attempt stood out after months of declining price action.  Why does seller dominance persist beneath the rally? Despite the strong upward move, Spot Taker CVD continued signaling seller dominance. So, aggressive sell orders still…

The memecoin sector rebounded over the past two days, with Brett [BRETT] leading the move. BRETT gained more than 19% in the past 24 hours, extending the previous day’s 13% rally. Trading volume also climbed 32% to roughly $18 million at press time. Why did BRETT outperform other Base memecoins? According to Base ecosystem token data, BRETT outperformed other memecoins, including TROLL, Toshi [TOSHI], and SPX6900 [SPX]. The token also ranked among the market’s top-performing memecoins alongside Dogecoin [DOGE] and Notcoin [NOT]. Source: X That move aligned with broader strength across the Base ecosystem. The performance suggested capital rotated into…

The memecoin sector rebounded over the past two days, with Brett [BRETT] leading the move. BRETT gained more than 19% in the past 24 hours, extending the previous day’s 13% rally. Trading volume also climbed 32% to roughly $18 million at press time. Why did BRETT outperform other Base memecoins? According to Base ecosystem token data, BRETT outperformed other memecoins, including TROLL, Toshi [TOSHI], and SPX6900 [SPX]. The token also ranked among the market’s top-performing memecoins alongside Dogecoin [DOGE] and Notcoin [NOT]. Source: X That move aligned with broader strength across the Base ecosystem. The performance suggested capital rotated into…

siren [SIREN] plunged more than 55% over the past 24 hours, with its market cap collapsing to $40.78 million. At its peak, the memecoin was valued at $2.77 billion. Daily trading volume reached roughly $194 million, nearly five times its market cap. Despite the crash, SIREN still had around 62,050 holders at press time. This left traders questioning whether the token was facing a temporary collapse or something more serious. Uncovering SIREN’s textbook pump-and-dump scheme Allegations that SIREN followed a pump-and-dump pattern gained traction after fresh on-chain findings emerged. According to the data, a wallet linked to the token’s price…

Official Trump [TRUMP] fell 2.6% over the past 24 hours, bringing its market cap to $477 million. Daily trading volume dropped 32% to $271 million. Even so, liquidity remained healthy. The volume-to-market cap ratio stood at 56.88%. Last week’s breakout sparked bullish momentum, but the recent pullback exposed lingering weakness. This left traders focused on whether the breakout structure could survive the correction. TRUMP price prediction: Will the $1.80 breakout level hold? After breaking out of a descending channel, TRUMP rallied to $2.40 before entering a correction phase. Before the breakout, the price consolidated near the channel’s upper boundary. That…