Meme Coin Mania: SpongeBob’s Rags to Riches Journey & Rising Risks in Crypto Markets

The new wave of meme coins like Pepe, Floki, and SpongeBob is capturing investors’ attention, with $SPONGE up 7x from its initial offering, touching a $105 million trading volume. However, investors should approach these coins with skepticism, understanding their inherent volatility and potential risks, while focusing on thorough research and due diligence.

Massive Crypto Selloff: Analyzing the Impact and How to Navigate Market Volatility

The global crypto market cap decreased by 2.60%, with over $182 million worth of crypto assets liquidated in 24 hours. Ethereum creator Vitalik Buterin selling 15,000 ETH is cited as the potential trigger for the crypto market selloff. Investors must conduct thorough market research and consider long-term prospects before making investment decisions in cryptocurrencies.