The launch and subsequent collapse of LIBRA, the meme coin promoted by Argentine President Javier Milei, appears to have had a chilling effect on the sector.
Daily volume on Solana meme coin factory Pump.fun has dropped by double-digits following the LIBRA fiasco, while the sentiment around meme coins among industry leaders appears to be shifting negative.
Meanwhile, a new report from Nansen totted up the winners and losers from the LIBRA launch, revealing that while a minority of holders made bank, 86% of addresses trading the meme coin recorded realized losses of over $250 million.
Pump.fun Activity Cools as President Milei’s Solana Meme Coin Fiasco Unfolds
Following Argentine President Milei's meme coin promotion, the epicenter of Solana’s so-called casino, Pump.fun, is showing signs of cooling.
Some Wallets Still Trading LIBRA Despite $251 Million Losses: Nansen
A presidential endorsement fueled the Solana meme coin's rise before its collapse, leaving thousands holding empty bags.
SEC Reverses Course, Dismisses Its Own Crypto Rulemaking Case Appeal
It's a new era for the SEC under President Trump, as the regulator voluntarily dismissed its appeal Wednesday in a crypto rulemaking case.
Bitcoin Reaching $100K Is Start of 'Massive Wave' of Institutional Interest: Samson Mow
Bitcoin has only just started to see the effect of a “massive wave” of institutional interest, according to Jan3 CEO Samson Mow.
MYRIAD Teams Up With Paris Blockchain Week for Start in Block Competition
The prediction market will run a community contest around the competition, in which crypto startups compete for over $10 million in prizes.
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🎮️ GG: Ethereum NFT Game 'Fantasy Top' Expands to Monad Alongside Testnet Launch
Fantasy Top turns Crypto Twitter (aka X) into a fantasy sports game—and now it's expanding to Monad after launching on Ethereum L2 Blast.
🤖 EMERGE: Microsoft Unveils Quantum Chip Powered by a 'New State of Matter'
Microsoft's Majorana 1 processor uses topological superconductivity to potentially scale quantum computing to 1 million qubits
🎭️ SCENE: NFTs Are Dead? Don’t Tell NFT Paris
The two-day conference brought together more than 20,000 NFT collectors, creators and enthusiasts at La Grande Villette in Paris.
📚 Watch and Learn
📹️ WATCH: Midnight is Building Data Protection for 'Literally any Application Running On-Chain'
Anthony Day, Head of Strategy and Marketing for Midnight, joined Decrypt's Stephen Graves at Web Summit to explain why everything from DeFi to gaming needs programmable data privacy.
🎓️ LEARN: What is LIBRA? The Solana Meme Coin That Sparked a Political Scandal
LIBRA’s collapse triggered fraud claims, insider trading accusations, and calls for Argentine President Javier Milei’s impeachment.
