SnowdogDAO (SDOG), the first memecoin to launch on Avalanche, lost over 90% of its value yesterday in what many believe was the platform’s largest rug pull.Despite millions of dollars in investments lost, the SnowdogDAO team maintains that the event wasn’t a rug pull, but a “game-theory experiment” gone wrong.Insiders front-run a token designed to avoid front runningSnowdogDAO, … [Read more...] about Avalanche’s first memecoin SDOG ends in a $30M rugpull
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Memecoin Floki Inu targets Londoners in new advertising campaign
Although doggy-inspired meme coins are generally viewed with suspicion, the recent success of Shiba Inu demonstrates investor appetite for them exists.However, not all Dogecoin clones are equal. Shiba Inu’s success is partly down to its developing ecosystem, including a DEX, NFTs, staking, and supporting tokens in $LEASH and $BONE, which are live and operational right now.With … [Read more...] about Memecoin Floki Inu targets Londoners in new advertising campaign
Solo dev ‘Dreesus’ on making a memecoin legit
You might not know Dreesus, but if you’ve been following crypto the last few months you’re likely familiar with his work.Following the launch of his Simple Cool Automatic Money ($SCAM) token, the pseudonymous developer garnered coverage from a seemingly endless list of mainstream and cryptomedia publications, including Vice, The Wall Street Journal, Benzinga, Mic, The Verge, … [Read more...] about Solo dev ‘Dreesus’ on making a memecoin legit