Venture capital investment in the cryptocurrency space slumped in the third quarter before U.S. President-elect Donald Trump's election boom revived industry sentiment, according to Bloomberg. Cryptocurrency startups attracted $1.70 billion in investment in the three months ended Sept. 30, down 31.3 percent from the previous quarter, according to PitchBook data. The number of deals struck fell 25.3 percent to 392. PitchBook...
According to Solana Floor, more than 40,000 Meme coins (41,982 tokens) have been added to the Solana chain in the past 24 hours due to the meme craze.
One of the biggest winners of the cryptocurrency memecoin craze is a project with a design similar to the anonymous social media platform 4chan. More than 1 million memecoins have been created on the Solana and Blast blockchain-based cryptocurrency projects Pump.fun since their launch in January, according to data collated by data analyst Subin An at cryptocurrency venture capital firm Hashed. According to data aggregated by An and calculated by Bloomberg, Pump.fun is gaining popularity as the g...