News

Justin Sun Is Also Joining the Excitement Wave Of Memecoin

Key Points:

  • Justin Sun said he would begin trading memecoins and promising ventures through his public wallet address.
  • Sun’s wallet will now be actively monitored by cryptocurrency traders and experts for indications of movement.
Justin Sun, the founder of TRON, has spoken out about the recent return of the memecoins wave, causing the trading volume and emerging coins like PEPE and LADYS to create hype.

Sun also said that from now on, he would actively participate in trading memecoins through a public address. The profits he makes will be donated to charity.

Furthermore, both Gate.io and Huobi have announced that they will list the memecoin LADYS of Milady. Trade on Gate.io will begin on May 11 at 9 a.m. UTC, while Huobi said that LADYS/USDT spot trading would begin when deposit volume reaches market demand.

DWF Labs announced earlier today that it would transfer 600 billion LADYS to the Huobi wallet for market-making purposes.

No Meme Token, created in wake of a tweet by Elon Musk on Wednesday that featured a picture of a Milady Maker NFT and a caption saying “there is no meme,” saw an explosive start to life.

It is safe to say that the meme coin craze was not welcomed in the Bitcoin (BTC) community. To be more specific, the unprecedented trading activity in PEPE and other meme-inspired coins was one of the factors driving Bitcoin transaction fees to a new record high.

While there are no indications that Sun has started investing in meme coins or new projects using his wallet just yet, the tantalizing prospect that one of crypto’s largest whales is waiting on the sidelines could well keep the ongoing meme coin craze of the last few weeks alive.

New wave meme coins like Pepe coin have seen explosive gains in recent weeks, pushing network fees on blockchains like Ethereum to sky highs levels.

PEPE, a meme coin inspired by the popular internet meme “Pepe the Frog,” was launched in April. Over the past few weeks, PEPE saw a meteoric rise of a whopping 5,000,000%. It is now the third-biggest meme coin by market cap, trailing DOGE and SHIB.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Harold

Coincu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

29 minutes ago

Book of Meme Old News? This Best Meme Coin to Invest in 2024 Is Multiplying Gains Like a Champ

Over the years, meme coins have evolved from inside jokes into serious investment opportunities.

1 hour ago

Time’s Ticking on BlockDAG’s 5-Tier Bonus- Few Days Left to Grab It While Cardano Whales Take Action, Aave Rallies Strong

Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…

2 hours ago

Best Altcoins to Buy for 2025: Qubetics Presale Surge, Solana’s Lightning Speed, and Cardano’s Blockchain Revolution

Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…

3 hours ago

Why Qubetics, NEAR Protocol, and IMX Are Dominating Crypto: The Best Altcoins to Join Today for Game-Changing Returns 

Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…

5 hours ago

Bonk’s ICO Was Just the Start: Why BTFD Coin’s Stage 7 Price Rollback Is Your Second Shot at Crypto Glory

BTFD Coin is offering a chance to relive the glory days of meme coin investing,…

6 hours ago

This website uses cookies.