Memecoin

CoinGecko analyzed more than 18.67 million tokens launched on Solana-based Pump.fun since January 2024 and found that nearly 69% made their final trade on the same day they debuted. Around 12.8 million tokens failed to remain active beyond one calendar day, while only 850,000 (4.55%) traded for more than 90 days.

Baton Corporation, the UK-registered company behind Solana memecoin launchpad Pump.fun, posted a Chief Legal Officer job opening on June 24 with a salary range of $1 million to $5 million a year. Co-founder Alon Cohen promoted the role, saying the hire would take ownership of the company’s regulatory and litigation posture. Baton is defending a consolidated class action in the Southern District of New York and a separate RICO claim that could expand its legal and financial exposure.

Grayscale says revenue-generating crypto protocols are trading at unusually low multiples. It argues these valuations create attractive entry points.

Patrick Witt, executive director of the White House Crypto Council, is in three-way Senate talks with Republicans and Democrats over the ethics provisions in the Digital Asset Market Clarity Act (CLARITY Act). The ethics section is the only unresolved issue blocking the crypto market structure bill from reaching a Senate floor vote. The dispute centers on $2.3 billion in Trump-family crypto interests, according to reporting by journalist Pete Rizzo citing Politico.

Dogecoin (DOGE) fell 5% and broke below the $0.08 support level. The memecoin slipped to a three-week low of $0.079. The move marks a clear downside break in the latest trading session.

Eric Trump says the family’s move into crypto followed being cut off by major banks. He says the family now runs three projects: a meme coin, a stablecoin, and a Bitcoin mining company. American Bitcoin trades on the NASDAQ under the ticker ABTC and holds more than 7,000 BTC. He has called crypto “the future of finance” and said the family is “all in.”

Shiba Inu’s exchange activity has turned bullish as millions of SHIB tokens move off exchanges amid rising buy activity. Data from CryptoQuant show the token’s exchange netflow at -28,304,500,000 SHIB as of Saturday, June 20. The outflows indicate more SHIB left exchanges for buying than returned for selling over the past 24 hours.

Shiba Inu (SHIB) is trading near $0.00000476, showing weak short-term momentum. Daily token burns have fallen to roughly $5 worth of SHIB. The token remains below all major exponential moving averages, keeping the broader trend bearish.

Buyers have slowed the selloff, but the rebound is losing volume. With heavy resistance overhead, price swings are likely to stay elevated. Volatility may persist until key support-turned-resistance areas are clearly reclaimed.

Do Dogecoin whales know something the broader market does not? Their recent selling has prompted renewed speculation about whether DOGE is facing another leg down. The question is whether the moves reflect genuine caution or a false alarm.