🐶 A #ShibaInu holder earned over $1 million by holding the meme coin for more than three years

On January 31, 2021, he bought 48 billion #SHIB for $2700 on #Uniswap. Yesterday, the trader sold all the coins for $1.24 million.

The investment growth amounted to 47 592% 🚀

#TraderStories

🪙 Whale #Bitcoin addresses are currently at their highest activity level in the history of #BTC.

#CryptoNews

🖼 The US Treasury has recommended that regulators develop rules for #NFT

In a new report, the government body criticized non-fungible tokens, stating that the sector is at risk of fraud and facilitates money laundering. Among the common schemes mentioned were fake sales and #rugpull.

Let's congratulate the US Treasury in the comments for their timely measures regarding NFTs 👏

#CryptoNews

#Opinion

🔷 The approval of spot #ETF on #ETH was a political decision

According to ARK Invest CEO Cathie Wood, the cryptocurrency issue became part of the Biden administration's agenda after Trump began using cryptocurrencies in his election campaign. Before this, none of the companies vying for ETF approval anticipated it, and the SEC was not engaging in dialogue with any of them 🤔

Meanwhile, experts expect an #Ethereum-ETF by the end of June.

🔷 #Ethereum became popular thanks to its smart contract platform, but the first idea of "programmable money" emerged as early as 1994.

The cryptographer Nick Szabo was the first to propose a similar concept. However, he couldn't bring his idea to life because the technology at that time didn't allow for the implementation of smart contracts.

#FactOfTheDay

📌 Trump #memecoin’s (yes, there are several 🫠) showed significant volatility yesterday

This happened against the backdrop of Trump being found guilty on 34 counts related to document falsification. The leader in growth was the new token #FreeTrump, which showed a +750% increase.

#CryptoNews

🤔 What do a memorial and a memorandum have in common? That's right—they both contain "mem" (yes, literally)

With this longread, we open the series of essays "Zoomer's Dictionary," which aims to explain some features of modern trendy terms and linguistic constructions. And we will start with the most interesting one for the cryptocurrency industry—memes.

The word "meme" comes from the Greek "mimema," meaning "imitated." Richard Dawkins introduced this term in his book "The Selfish Gene" to describe how ideas spread and evolve in human society. Memes often have a humorous nature, which is their main strength because it makes them highly understandable and allows for the easy transmission of multi-layered context. For example, the meme abbreviation "POV" (Point of View) immediately indicates that the conveyed message is about a lifestyle that the author tries on to describe a particular life situation: "pov: you’re a novice trader" 💸

Memes have tightly integrated into digital communication and can not only entertain with funny pictures but also significantly influence public opinion, politics, and even finance, as we observe with the rise of #memecoins. Like a virus, a simple and precise meme instantly captures the minds of millions, evoking a strong emotional response. If the stated philosophy of a project, framed in a simple "meme-message," resonates with many people, they vote for such a project with their money, allowing it to grow in value. Tokens like #GME and #FreeTrump have shown growth not because of any special technological value, as is often the case with other cryptocurrency projects, but solely because a large number of people shared the stance promoted by these memecoins.

In the second part of the material, we will talk about Dogecoin and Shiba Inu—stay tuned for tomorrow 🐶

🐶 #Dogecoin and #ShibaInu are pioneer cryptocurrencies in the world of #memecoins. Their popularity can be attributed to several factors

Firstly, they were launched as alternatives to serious and complex financial instruments, which is what cryptocurrency seemed like at the time. These memecoins essentially made a statement to the entire industry: "Hey! You don’t have to be a cool programmer or understand blockchain to be part of the crypto community." Secondly, memecoins were powerfully and actively promoted on social media through (surprise) memes. Memes are the primary form of content with the highest viral potential (attractiveness for reposts). And let's not forget about Elon Musk.

Thanks to Musk's support, Dogecoin turned into a serious cryptocurrency asset with high market capitalization. Tweets aside, the controversial billionaire even promoted this cryptocurrency on Saturday Night Live, while simultaneously poking fun at it. A similar story happened with Shiba Inu, which was launched as the "Dogecoin killer"—a meme competitor to the popular meme (hard to grasp, but try)—and also gained support on social media.

It can now be said with confidence that meme culture is becoming an increasingly strong and widespread trend in the crypto industry, replacing #ICO and #NFT. Memes attract, create active communities around them, and can cause significant market fluctuations. By leveraging all this, memecoins have successfully drawn the attention of a broad audience and demonstrated that even a non-serious project can achieve significant heights.

How do you feel about memecoins? 🤔

It is rare to have the opportunity to personally fuel a rocket you believe in and are excited to see soar 🚀

But today is the day you can help KickEX and the #KICK token reach new heights faster. We kindly ask you to leave your feedback on the CERTIK platform, and this is one of those times when your review truly matters to us 💚

Sincerely, the KickEX team

🌍 Weekly #CryptoDigest News:

🪙 03.06 BTC.D (Bitcoin Dominance over altcoins) - 54.4%

🧭 03.06 Fear and Greed Index - 73

🇺🇸 07.06 15:30 USD - Unemployment rate for May. Forecast 3.9%, previous 3.9%

There are no particularly significant news updates, so the market is currently in a consolidation zone.

#Analytics #Bitcoin

🪙 #BTC/#USDT held its position above the support zone of $64,500-$67,700 and broke the short trend.

📈 If market participants maintain the price above $68,500, a good long setup with cascading levels up to $71,979 is forming.

An alternative scenario is further consolidation until news is released.

not a trading recommendation

#Analytics #BNB

🔶 There is a triangle pattern on #BNB/#USDT with a squeeze to the 645.2 level.

Beginning of consolidation or volume accumulation since March 10.

There is a lot of liquidity behind the 645.2 level, many shorts have placed stop orders behind resistance levels 645.2, 669.3 and ATH level 691.8.

Trade: open a position to break the 645.2 level and hold mid term to ATH 691-700.

is not a trading recommendation

🍑 Meme-Lord Elon Musk has allowed 18+ content to be posted on X (Twitter)

Now many people understand why the social network was renamed to X, while experts emphasize that this decision aligns with the company's overall policy of being provocative and different from FB, YouTube, and TikTok.
📌 With that said, a question to the community:

Should we take advantage of this opportunity and make some adjustments to our SMM strategy to attract more attention?

🔥 — Yes
🍾 — Definitely yes
🌚 — It's good as it is