The cryptocurrency market is abuzz with the meteoric rise of $MANEKI, a token that has skyrocketed by over 30,000% since its inception. In the past 24 hours alone, the price of Maneki has surged by an impressive 50%, with its market capitalization reaching $192.6 million, and it is currently trading at $0.02167. Recent data from dex screener highlights the remarkable performance of Maneki, cementing its position as one of the hottest assets in the crypto space. However, amidst this surge, traders and holders of the Maneki token are advised to closely monitor the activity of seven specific wallets. The price
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Airdrops from two cat-themed memecoins may have paid off the entire pre-order value of the Solana ‘Chapter 2’ mobile device.
The post Solana’s $MANEKI Memecoin Skyrockets 30,000% Since Launch: Is it Worth Buying? appeared first on Coinpedia Fintech News The price of Solana’s latest memecoin, $MANEKI, has surged by a staggering 30,000% since its launch. Just four hours after listing on the Jupiter Exchange, the memecoin has taken the cryptocurrency community by storm, garnering widespread attention and significant trading volume. The rise of $MANEKI indicates a new wave of interest in Solana-based meme tokens, with crypto enthusiasts and major exchanges alike taking notice. A Rapid Surge In the past 24 hours, $MANEKI’s price has increased by 47%, reflecting the strong momentum behind this new meme coin. What’s crazy is that MANEKI has been listed on major crypto exchanges, including Jupiter, Crypto.com, CoinMarketCap, LBank, Gate.io, and Poloniex, with MEXC Global being the latest addition. These listings and verifications have played a major contributing factor to this rapid growth of MANEKI. The popularity of $MANEKI can be partially attributed to the buzz on social media platforms like X (formerly Twitter). The Wizard of Soho, a well-known crypto influencer, wrote, “Told you guys this cat was a winner. Broke 200mm. $MANEKI will send cope shocks around the space at 1bn.” This sentiment has fueled interest and hype among crypto investors, leading to a surge in trading activity. Whale activity has also contributed to the excitement surrounding $MANEKI. According to LookonChain, a whale identified as ‘cat-addict.sol’ withdrew 25,948 SOL (valued at $4.05M) from Binance in the past three days. This whale spent 19,445 SOL (approximately $3.03M) to buy 456.75M $MEW and an additional 6,503 SOL (around $1.01M) to purchase 109.64M $MANEKI, indicating a significant investment in these memecoins. The Maneki team had launched an airdrop campaign before the official launch. Of the total supply of 8.88 billion $MANEKI, 10% was allocated to the community airdrop. However, some participants did not receive their airdrop tokens as initially promised. The team addressed these concerns and announced they are still processing the airdrop rewards to ensure all participants receive their allocated tokens. MEW vs MANEKI Curbo, another popular crypto personality on X, compared $MANEKI’s trajectory to other successful memecoins, stating, “$MEW vs $MANEKI. #MANEKI is running the #MEW playbook.” This comparison hints at the potential growth and success of $MANEKI, with speculation that it could follow a similar path to other high-performing memecoins. This Japanese Cat can be the next memecoin to reach $1bn market cap amidst an area dominated by many dogs of the memecoin world. The meteoric rise of Solana’s $MANEKI highlights the growing interest in memecoins within the cryptocurrency community. With major exchange listings, influential endorsements, and active social media buzz, $MANEKI could become a significant player in the crypto space. However, investors should remain cautious, as the volatility and speculative nature of memecoins can lead to rapid fluctuations in price.
The post Is MicroStrategy Set for S&P 500 Inclusion? What You Need to Know appeared first on Coinpedia Fintech News Rumors are swirling in the financial world that MicroStrategy ($MSTR) may soon join the illustrious ranks of the S&P 500 index. Broker Benchmark suggests that with a few strategic moves, MicroStrategy could meet the criteria for inclusion in this prestigious index, potentially reshaping the company’s future trajectory. Impending Earnings Report MicroStrategy, led by CEO Michael Saylor, is set to release its earnings report in just four days. Analysts anticipate a quarterly loss of $0.55 per share. However, adopting new accounting standards could potentially turn that expected loss into a gain of over $300 per share. MicroStrategy currently ticks almost all the boxes for S&P 500 inclusion, boasting adequate liquidity and market capitalization. However, the missing piece of the puzzle has been consistent positive earnings in quarterly reports, a feat that early adoption of the Financial Accounting Standards Board’s (FASB) new rules could accomplish. Early Adoption of Accounting Standards While the FASB’s new accounting rules aren’t slated to take full effect until 2025, companies can adopt them early. MicroStrategy’s decision to embrace these standards ahead of schedule could be a game-changer, potentially paving the way for its inclusion in the S&P 500 index. MicroStrategy has faced challenges in its earnings reports, with losses recorded in 10 out of the last 14 quarters. However, the company’s proactive approach to adopting new accounting standards suggests a potential shift in this trend. This strategic move could significantly impact MicroStraegy’s valuation and market perception. Analysts foresee substantial benefits for MicroStrategy if it secures a spot in the S&P 500. One analyst notes, “Inclusion in the S&P 500 would position MSTR’s stock valuation to receive an ongoing boost from the price-agnostic purchases of its shares resulting from enormous passive inflows.” This suggests that joining the S&P 500 could unlock a new wave of investment and growth opportunities for MicroStrategy.
The post Ripple vs. SEC: Judge Netburn Advances XRP Lawsuit with New Scheduling Order appeared first on Coinpedia Fintech News Magistrate Judge Sarah Netburn has issued a new scheduling order in the years-long legal battle between Ripple Labs and the United States Securities and Exchange Commission. Judge Netburn’s recent nomination as District Judge in the Southern District of New York has not impacted her role in the Ripple vs. SEC case, where she has continued to preside with a reputation for fair rulings. This is viewed as a positive sign by the crypto community, considering her history of rulings in this case. SEC’s Last Date To Respond After Judge Netburn was nominated to preside over the Ripple vs SEC case, the respected pro-crypto judge granted an extension for the SEC to file their rebuttal to Ripple’s motion until April 29, 2024. Following this, Ripple will have three business days to respond. This order is crucial as it addresses Ripple’s motion to dismiss the SEC’s recent expert submissions, which seek to strengthen the SEC’s case for remedies and a final judgment. Ripple maintains its rigid stance against the SEC overstepping its legal boundaries. The Current Arguments in Ripple vs SEC Case Ripple had contested the SEC’s proposed civil penalties, suggesting a settlement of $10 million instead of the $2bn sought by the SEC. Ripple argues that the SEC’s claims are overstated and not supported by sufficient evidence. Additionally, Ripple has challenged the SEC’s basis for disgorgement, arguing that there is no substantial evidence of financial harm resulting from Ripple’s actions. To support their stance, the defendants have also cited the Govil case which highlights the lack of evidence for future violations or reckless behaviour in its institutional XRP sales. Ripple argues that legitimate business expenses should be deducted from any disgorgement calculations. A key point in Ripple’s defence has been the argument that its On-Demand Liquidity (ODL) sales do not constitute investment contracts, as alleged by the SEC. Customers hold XRP for only a few seconds to facilitate cross-border payments, indicating that the primary use of ODL is for transactional purposes, not investment. Ripple’s case rests on the claim that XRP is not intended to be an investment vehicle. This argument is central to refuting the SEC’s classification of XRP as a security. By maintaining its arguments that the SEC has not proven reckless behaviour or a high probability of future violations, Ripple aims to discredit the SEC’s demand for disgorgement and large civil penalties. Overall… The Ripple vs. SEC case continues to be a significant legal battle with implications for the broader cryptocurrency industry. Judge Netburn’s recent order and Ripple’s defense arguments highlight this high-stakes litigation’s ongoing complexities and nuances.
The Pantera Fund V will invest in a range of blockchain-based assets and is slated for launch in April 2025.