The management of Afro-pop artist Davido's recently released meme token, DAVIDO, has come under fire from the Nigerian cryptocurrency community. Many think that he may soon include a token dump in his plans.
The chosen candidate will have the responsibility of actively interacting with leading content and meme platforms on the internet.
In 2024, meme coins experienced remarkable success, with leading tokens witnessing staggering returns of up to 1312.6%. Despite a slight slowdown in the bull run, meme coins continue to surge forward, with many presales achieving unprecedented heights.
In response to the hype, opportunistic crypto developers created numerous meme coins on different blockchains alongside common stocks.
According to an analyst, CoinMarketCap documented an unprecedented 138 memecoins in April.
VanEck's MarketVector has unveiled the Meme Coin Index, which serves as a benchmark monitoring the market capitalization of the top six meme coins.
In the past 24 hours, meme coins influenced by both current U.S. President Joe Biden and former President Donald Trump have seen significant spikes following Trump's discussion about cryptocurrency during his NFT holders dinner.