The blockchain gaming ecosystem has slowly faded from the spotlight in 2024, as other ecosystems, such as artificial intelligence and memecoins, rise to prominence. Regardless, Web 3 gaming remains a powerhouse in blockchain, with the total market capitalization standing at $15 billion, as of writing. The constant developments across the space majorly influence this – as the once simplistic one-click games become more playable and interactive and can now fairly compete with their Web 2 counterparts.
Games like Axie Infinity have pushed Web 3 gaming to greater heights, setting the standard on what play-to-earn (P2E) game models should be. As such, new games entering the blockchain gaming realm need to be of a very high standard to capture the attention of players, investors and partners. One such game, My Pet Hooligan, built on Unreal Engine 5, is doing exactly that with its enhanced gaming model that is unique for a blockchain game.
In contrast to previous Web 3 games, My Pet Hooligan introduces cutting-edge technology, artificial intelligence, AAA-quality gaming models, and an exciting realm that offers better asset rewards. The question that arises is how well My Pet Hooligan will fare in a stacked Web 3 gaming market.
In this piece, we delve into the technology, gameplay, community, and potential of My Pet Hooligan, comparing it to the best of Web 3 games – Axie Infinity.
Axie Infinity: The Rise of Playable Web 3 Games
Axie Infinity is a Web 3-based gaming ecosystem that combines the aspects of traditional gaming, crypto, NFTs, and blockchain. Set in a metaverse named Lunacia, Axie Infinity allows players to buy, breed and battle creatures (Axies) for an opportunity to earn real money rewards. The game utilizes an in-game cryptocurrency called AXS, which allows players to purchase and trade Axies and use them in battles to earn rewards.
The play-to-earn game was launched in 2018 by Trung Nguyen, Aleksander Leonard Larsen, and Jeffrey Zirlin.
The associated assets and transactions are conducted via the Ronin sidechain, a Layer-2 EVM-compatible blockchain built to scale Axie Infinity. Ronin is home to most digital assets used in the Axie Infinity ecosystem, and the project team is expanding the network to allow third-party game development studios to launch additional games.
Strengths
- Marketplace: Axie Infinity includes its marketplace that allows players to directly purchase and sell items, as well as collectible digital creatures.
- Unique Gameplay: Players in the game can buy, earn and breed their digital creatures to advance in the game.
- Early-to-market: One of the biggest strengths for Axie Infinity is launching in 2018, years before the GameFi craze during the pandemic years.
- Vibrant community: The game has attracted nearly 1 million community members across its social media pages – X (formerly Twitter), Discord, and Telegram.
Weaknesses
- Sustainability: As is with early blockchain games, Axie Infinity struggled with inflation as more players joined the game, setting back the price of its $AXS token.
- Complexity: The game requires prior knowledge in the blockchain space, which provides a barrier for new players, who require a significant amount of time and effort to understand fully.
- Cost barriers: Axie Infinity requires players to have a starting capital to buy Axies. Some of these digital assets can cost hundreds of dollars.
Technology & Market Performance
Axie Infinity is a P2E game that uses a delegated proof of stake (DPoS) consensus mechanism, with its assets and transactions housed on the Ronin sidechain. Ronin is a layer 2 EVM-compatible blockchain aiming to scale Axie Infinity and conduct faster transactions with minimized fees. The network is secured by 22 validators, 10 of which are operated by community members with the highest total combined RON stake. The remaining 12 are classified as Governing Validators and are operated by parties selected by the project team.
The game’s native token, $AXS launched in April 2018 and later was issued via a token sale on the Binance Launchpad in November 2020. Over the past year, the $AXS token has slightly dipped in value – to trade at $5.32, representing a 10% dip since July last year.
My Pet Hooligan: Building an AI-based Web 3 Gaming Ecosystem
My Pet Hooligan is the flagship interactive entertainment experience from AMGI Studios. It is a free-to-play Web 3 game that allows multiplayer competitions and socializing. The game involves players creating characters to battle against the evil overlord Metazuckbot, within the Hooliland City metaverse. Players can also fight against each other, destroy buildings and other artefacts, skate like a pro skater, hang out with friends and much more. The game developers confirmed that My Pet Hooligan will be a cross-platform game spanning PC, console and mobile.
Insert Video: https://youtu.be/dAqHfm3yhQo
Crucially, the game offers gamers several gameplay modes that cater to unique player preferences. The three major player modes include:
- Coinpocalypse: This is a treasure hunt game mode that allows players to collect coins from different players and within the game.
- Anarchy: This is a PVP game mode that allows players to fight and compete against each other in a designated zone in an elimination battle.
- Hang Out: For players who do not want to constantly battle, this mode provides a setting whereby players can explore the city at their leisure, engage in activities like skateboarding, or just chill and watch content in the game’s movie theatre.
Strengths
- AI Innovation: My Pet Hooligan ranks as the first-of-its-kind blockchain game that implements AI technology to enhance the gameplay.
- AI Entertainment: The game also offers an in-game AI entertainment studio that allows users to stream and create content and interact as their in-game avatars.
- Team strength: One of the most important factors driving My Pet Hooligan’s growth is the strong team from AGMI Studio that has worked on popular gaming titles such as Toy Story.
- Next-generation gaming: The game implements next-generation technologies such as AI to help bridge the gap between traditional gaming and Web 3 gaming, building exciting games for all players.
AMGI Studios was co-founded by Roger Paglia, Colin Brady, and Luke Paglia.
Weaknesses
The only weakness of My Pet Hooligan is that the game is still relatively young in the Web 3 gaming space and hence could be susceptible to a few bugs. Nonetheless, the team works round the clock to ensure the game is running smoothly by removing any critical bugs.
Technology and Market Performance
My Pet Hooligan is built on the KARRAT Protocol, a decentralized gaming infrastructure layer supported by its native $KARRAT token. The protocol aims to revolutionize Web 3 gaming and entertainment by integrating artificial intelligence technologies into its games.
By integrating AI, My Pet Hooligan offers players an immersive and exciting experience across Hooliland City, interacting with other gamers and earning rewards in the process. The addition of AI-driven non-playable characters (NPCs) allows gamers to build real-time animation that establishes a living, and breathing world that reacts to player interactions.
The KARRAT Protocol not only provides gaming products but also allows game developers to build products that support other industries including retail, telecom, education, and other industries. The protocol provides tools that support the creation and adoption of these industries within their games. The decentralized communities decide how these are integrated and progressed.
My Pet Hooligan leverages the $KARRAT token within its ecosystem. The $KARRAT token launched in 2024, and despite the recent downturn in crypto market fortunes has performed relatively well. The token currently trades at $0.61, an 8% growth in the past 24 hours, having reached a peak price of $1.18 in June 2024.
Futuristic Overview & Potential
My Pet Hooligan development team has a solid roadmap for the coming months, showing its potential to take over Web 3 gaming. The game has introduced AI-integrated NPC characters within its metaverse, actively contributing to the immersive nature of the game experience. Advanced AI NPCs represent the next phase in the evolution of non-player characters. According to its roadmap, the game will also include AI-driven game characters training that will be modeled on organic player behaviour.
Additionally, the game also includes staking features for NFTs, rewarding stakers with $KARRAT tokens.
Table comparing features of Axie Infinity and My Pet Hooligan
| Features | Axie Infinity | My Pet Hooligan |
| Barrier to entry | High due to entry costs | Low – Free-to-Play |
| Blockchain | Ronin | Ethereum |
| Gaming engine | Unity | Unreal 5 |
| Community | Over 1 million community members | Slightly less than 300K members |
| Tokenomics (Total supply) | 270,000,000 $AXS tokens | 1,000,000,000 $KARRAT |
| Economic Maturity | High | Medium (Growing) |
Final Words
The blockchain gaming ecosystem has seen a massive shift in attention over the past two years, with investors and crypto aficionados moving towards new technologies in the space. Nonetheless, the ecosystem continues to thrive in development and innovation. Axie Infinity has laid a strong foundation for play-to-earn models, demonstrating both the potential and challenges of blockchain gaming. On the other hand, My Pet Hooligan is pushing the boundaries with innovative AI integration and a focus on immersive, next-generation gaming experiences.
As the gaming landscape evolves, new technologies employed by projects such as My Pet Hooligan will be important in providing compelling, accessible gameplay that can compete with traditional Web 2 games.
United States-based spot Bitcoin exchange-traded funds (ETFs) have experienced their largest day of net inflows in over a month, even as the crypto market struggles. On July 8, eleven funds collectively amassed $295 million in inflows.
This marked the first time in three trading weeks that net inflows across all funds were positive.
BlackRock’s iShares Bitcoin Trust ETF led the pack with a significant daily inflow of $187.2 million.
Fidelity’s Wise Origin Bitcoin Fund followed, garnering $61.5 million.
Additionally, the Grayscale Bitcoin Trust saw a rare day of positive price action, achieving $25.1 million in inflows.
READ MORE: Bitcoin Mining Difficulty Drops Over 5% to Quarterly Low, Impacting Profitability Thresholds
This surge represents the most substantial day of inflows since June 5, when ETFs attracted over $488 million in new capital.
These developments occur amid broader market concerns related to significant Bitcoin sales by the German government and upcoming repayments to Mt. Gox creditors.
To date, the German government has moved over 26,200 BTC — valued at $1.5 billion at current prices — to exchanges and market makers.
According to Arkham Intelligence data, the government still holds 27,460 BTC, worth approximately $1.57 billion, in reserve.
Simultaneously, there are apprehensions about the potential market impact of $8.5 billion in Bitcoin as the defunct Japanese crypto exchange Mt. Gox starts repaying creditors who lost funds in a 2014 hack.
However, some analysts suggest that concerns over Mt. Gox Bitcoin sales might be exaggerated.
The price of Bitcoin has seen a decline over the past two trading weeks, dipping to $53,600 on July 5. This marks the first time the asset has traded below $54,000 since February.
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Eli Ben-Sasson, CEO of StarkWare, announced at EthCC on July 10 that StarkWare plans to introduce staking by the end of 2024 through a Starknet improvement proposal (SNIP).
If the community approves the SNIP, staking is expected to go live on testnet soon, with a mainnet launch projected for the fourth quarter.
A GitHub repository for the staking feature will be publicly accessible during its development.
In a written Q&A with Cointelegraph, Ben-Sasson explained that staking would allow Starknet tokenholders to “participate in core activities of a decentralized network.”
He added, “Over time stakers will gradually receive more responsibilities, with rewards conditioned on performing these responsibilities.
“After a PoS protocol has been fully implemented, stakers will be the key entities that maintain and operate Starknet.”
The SNIP will permit users to become stakers if they hold the minimum staking amount or delegate to an existing staker.
Participants in staking, either directly or through delegation, can expect proportional rewards based on their stake.
Rewards will follow the minting curve proposal, which was well-received by the Starknet community when published in February.
The proposal suggests that higher total minting rates will result from more tokens staked, but individual staking rewards will decrease as a percentage of the staked amount.
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Ben-Sasson explained, “The core idea of the minting curve mechanism is to strike” a balance between encouraging participation and keeping inflation in check, “and ensuring enough STRK tokens are available” for other network activities.
Starknet staking will be rolled out in stages.
Initially, stakers will need to connect to Starknet, interact with staking contracts, and follow protocol staking rules.
They will be expected to run full nodes to prepare for validation activities.
During this phase, the StarkWare team, Starknet Foundation, and the community will analyze on-chain staking data to refine parameters for subsequent updates.
Later stages will require stakers to provide real-time attestations and perform proving and sequencing activities to secure the network.
Regarding future governance, Ben-Sasson stated, “Staking power will, in due course, enable voting power, ensuring that those who are actively contributing to the network have a say in its direction and decisions.”
On May 28, the Starknet Foundation announced it would distribute 20 million Starknet (STRK) tokens to the most advanced projects on the network.
Diego Oliva, CEO of Starknet Foundation, told Cointelegraph that the team considered a “range of metrics” for the distribution as part of its Catalyst program, which aims to accelerate the development of Starknet’s Ethereum layer-2 solution based on zero-knowledge rollup technology.
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The wallet labeled “German Government (BKA)” on Arkham Intelligence has recently added 6,000 more Bitcoin, valued at $354 million, in preparation for another round of BTC sell-offs.
So far, 5,853.409 Bitcoin have been transferred to addresses associated with exchanges like Coinbase, Kraken, Flow Traders, and other unidentified or unconfirmed addresses.
The next phase involves offloading approximately $342 million worth of BTC.
This follows the previous distribution of 3,100 BTC, valued at $178 million at the time, on July 9.
Additionally, the wallet withdrew 1,700 BTC, worth $91.78 million, from Bitstamp, suggesting difficulties in selling them on the exchange.
As of July 9, the wallet’s holdings were about 26,000 BTC, worth roughly $1.5 billion, with a linked address holding 4,800 BTC.
By July 10, the holdings had decreased to approximately 18,110 BTC, worth $1.06 billion, a drop of over $400 million.
Dr. Lennart Ante, CEO of Blockchain Research Lab, told Cointelegraph that investigators from the federal state of Saxony seized the BTC funds.
He explained, “The funds are said to have originated from the illegal streaming portal Movie2k, and one of the defendants facilitated the voluntary transfer of the funds.”
“The Public Prosecutor General’s Office has sole authority over the confiscated Bitcoins.
The BKA (German State Police) just provides the wallets through which the transactions are processed,” Ante added.
He further detailed that the proceeds go to the state budget of the Free State of Saxony, but filmmakers, as victims of Movie2k, could claim parts of it, pending court decisions.
READ MORE: German Government Continues Bitcoin Sell-Off, Shifts $178 Million in BTC in One Hour
Despite the sell-off and over $1 billion in BTC entering the market, Bitcoin’s price has rebounded to highs of $58,000 after dipping to $53,900.
Ante noted that the ongoing events raise questions about the efficiency of the Saxon government’s sales strategy, suggesting auctions or OTC deals might be more effective.
Out of nearly 50,000 BTC seized, only about 13,110 BTC, worth $770 million, remain, resulting in the German government losing its BTC billionaire status.
The BTC sell-off aligns with the Mt. Gox initiation of BTC and Bitcoin Cash (BCH) repayments to creditors.
Ante remarked that this event might soon be overshadowed by new developments like the Mt. Gox payouts, which could lead to a broader distribution of Bitcoin ownership, potentially benefiting Bitcoin in the medium term.
As of now, BTC’s price stands at $58,545, with the total cryptocurrency market capitalization at $2.15 trillion, up 1.39% in the last 24 hours.
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Centralized exchanges have become the primary targets for crypto thefts in 2024, according to Cyvers’ mid-year Web3 security report.
The total volume of stolen cryptocurrency is nearing $1.4 billion this year.
The second quarter of 2024 saw over $600 million in crypto losses, doubling the amount from the same period in 2023.
This dramatic increase is largely due to a 900% rise in thefts from centralized exchanges.
“This quarter has witnessed a significant shift in attack vectors, with centralized exchanges (CEX) bearing the brunt of major incidents, while decentralized finance (DeFi) protocols show improved resilience,” the report stated.
“This trend may be attributed to the concentration of assets in centralized platforms and potentially lax security measures in some exchanges.”
Access control breaches, particularly phishing attacks, were responsible for most of the stolen funds, totaling about $490 million in Q2.
In contrast, smart contract exploits resulted in less than $70 million in losses during the same period.
DeFi protocols have managed to protect users through quick action to freeze compromised smart contracts, although Cyvers warned that new vulnerabilities in complex contracts continue to pose risks.
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Cross-chain bridges are also emerging as significant targets, with the report highlighting the $1.44 million exploit of XBridge in April.
A major incident impacting Cyvers’ Q2 data was the breach of Japanese cryptocurrency exchange DMM in May, where a compromised private key led to over $300 million being stolen.
Additionally, Turkish cryptocurrency exchange BtcTurk suffered a $50 million loss to hackers in June.
The report noted a positive trend in the recovery of stolen funds, with a 42% increase in recovered funds in Q2 compared to the same period in 2023.
However, the majority of stolen funds (around 76%) remain unrecovered.
Cyvers emphasized the need for vigilance among Web3 users, highlighting emerging threats from artificial intelligence and quantum computing, which could provide hackers with advanced tools to bypass onchain security measures.
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The German government has continued its Bitcoin sell-off, moving approximately 3,100 BTC worth around $178 million within an hour on July 9.
Additionally, they withdrew about 1,700 Bitcoin, valued at $91.78 million, from Bitstamp, recouping BTC holdings from the exchange.
At the time of writing, the government has shifted another 3,107 BTC from its main holdings, likely preparing for an imminent sell-off.
The primary government address holds around 26,000 BTC worth $1.5 billion, while the off-loading address holds 4,800 BTC worth $276.61 million.
According to Arkham Intelligence, since 7:30 am UTC on July 9, there has been a total outflow of 3,100 BTC.
Of this, 2,500 BTC were sent to an unknown B2C2 Group, 400 BTC to the centralized exchange Kraken, and 200 BTC to an unknown wallet.
The German government sold an additional $900 million worth of BTC on July 8, indicating plans to continue gradually selling its remaining $1.5 billion in Bitcoin holdings.
The 16,309 BTC sold is now worth over $930 million despite the mass sell-off, suggesting buyers remain confident at this price range.
READ MORE: Bitcoin Mining Difficulty Drops Over 5% to Quarterly Low, Impacting Profitability Thresholds
Wall Street traders anticipate a 72% chance of the US Federal Reserve cutting interest rates in September, which could boost investment in BTC.
This macroeconomic trend tends to significantly impact assets like BTC, seen as a risk-on asset, unlike gold, which attracts liquidity during geopolitical instability.
Alongside the BTC sell-off, a reduction in BTC miner activity and reserve sell-offs suggests market sentiment might be nearing its bottom.
According to Bitfinex analysts, July 6 and 7 market data indicated a local bottom, despite Mt. Gox starting its BTC and Bitcoin Cash (BCH) repayments.
Despite the BTC sell-offs by the German government and Mt. Gox repayments, several indicators suggest BTC is poised for a rebound.
BTC reached its lowest point since late February, dropping to $53,550 before rebounding to current highs of $57,600.
The relative strength index (RSI) showed a growing divergence between the falling price and rising RSI value, suggesting weakening sell pressure.
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Bitcoin’s significant sell-off might offer buy-and-hold enthusiasts a chance to purchase BTC ETF shares at lower prices.
Spot Bitcoin dropped to around $53,500, a four-month low, on Friday due to anticipated large BTC liquidations by Germany’s government and Mt. Gox, the defunct Japanese crypto exchange.
The share prices of major BTC ETFs are already being affected, and continued market volatility could lead to appealing discounts.
Bitcoin ETFs, such as Franklin Templeton Digital Holdings Trust (EZBC), VanEck Bitcoin Trust (HODL), and iShares Bitcoin Trust (IBIT), have become the benchmark for spot BTC holders since U.S. regulators approved these publicly traded funds in January.
However, the robust protections and security measures of these funds have resulted in shares trading at persistent premiums to their net asset value (NAV) since their inception, driven by institutional investments.
As of early July, the top five Bitcoin funds traded at an average premium of nearly 1%.
ETFs rely on a select group of professional market makers called “authorized participants” (APs) to maintain ETF share prices aligned with the fund’s NAV.
These APs are the only traders allowed to exchange and redeem BTC ETF shares for spot BTC, profiting from intraday pricing spreads.
Currently, only a few APs are equipped to handle BTC spot trading, making ETF shares susceptible to sharp price movements in volatile markets.
The ongoing liquidations by Germany and Mt. Gox could introduce billions of dollars of sustained selling pressure, leading to volatility and potentially wider ETF price swings, creating arbitrage opportunities for traders.
If traders are hoping for an arbitrage similar to the Grayscale Bitcoin Trust (GBTC) discounts of late 2022, they might be disappointed.
The GBTC situation, where shares traded at discounts approaching 50% of NAV, is unlikely to reoccur due to vastly improved liquidity and increasing institutional investor awareness of BTC’s value.
Bitcoin funds have already seen $398 million in net inflows since the recent sell-off.
Nevertheless, significant opportunities might still be available.
In May, shares of BlackRock’s IBIT ETF briefly dipped to a discount of nearly 2% during institutional end-of-month rebalances amid market volatility.
Other funds, including FBTC, BITB, and ARK 21Shares Bitcoin ETF (ARKB), also traded at discounts of nearly 1.5%.
With upcoming BTC liquidations from Germany and Mt. Gox, market volatility is expected to rise.
Investors should monitor ETF arbitrage opportunities closely, especially in EZBC, HODL, and IBIT, which offer attractive management fee discounts, some waiving fees entirely until 2025.
Traders willing to navigate the current volatility may find benefits.
Despite the selling pressure, BTC could see a bullish turnaround by year-end, driven by potential Federal Reserve interest rate cuts and favorable odds for Donald Trump in the upcoming U.S. presidential election.
Now is the time to look for discounts.
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Ethereum is gearing up to launch its first-ever hackathon, featuring a reward pool of $2 million. This event, dubbed the “Attackathon,” aims to be the largest crowdsourced security audit of Ethereum’s codebase.
The “Attackathon” invites security researchers to actively search for vulnerabilities in the protocol’s code during a four-week, time-bound audit challenge, as explained by the Ethereum Protocol Security (EPS) research team in a July 8 blog post.
“They will follow specific rules set for the competition, and only impactful and rule-compliant reports will be rewarded,” the post elaborated.
Participants will begin with a technical walkthrough of the blockchain’s code to ensure they are well-prepared to identify and understand potential vulnerabilities.
Following the event, Immunefi, the bug bounty platform hosting the hackathon, will compile the findings and produce a report detailing the discovered vulnerabilities.
The EPS team has contributed $500,000 to the competition’s prize pool and is seeking additional sponsors to raise another $1.5 million by August 1. More details will be shared on this date.
The EPS team plans to host similar hackathons at every hard fork to cover changes to the codebase.
The next major update, the “Pectra” hard fork, is anticipated to go live later in 2024 or early 2025.
This update will combine the “Prague” and “Electra” upgrades.
Among the significant updates for users is the introduction of a “social recovery” feature.
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This feature could eliminate the need to remember the up to 24-word private wallet key and provide wallets with smart contract-like capabilities, Investing Insider reported.
Hackathons are common in the tech industry, and the crypto sector has seen its fair share of these events. Various blockchains and projects frequently host similar hacking sprints.
In addition to hackathons, crypto projects regularly offer bug bounties to encourage hackers to report their exploits instead of using them maliciously.
According to Immunefi’s website, most bounties range from tens to hundreds of thousands of dollars, with the largest reward, offered by LayerZero, reaching $15 million.
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Blockchain-focused asset manager DigitalX has secured regulatory approval to launch its spot Bitcoin exchange-traded fund (ETF), marking the second Bitcoin ETF to trade on the Australian Securities Exchange (ASX).
Scheduled to list under the ticker BTXX on July 12 at 10 am local time, the DigitalX Bitcoin ETF’s approval was announced in a July 8 post on X by the firm.
Describing the approval as a “watershed moment,” DigitalX CEO Lisa Wade stated, “The DigitalX Bitcoin ETF is a spot ETF product that provides ASX customers with direct access to Bitcoin via a regulated and liquid fund structure.”
DigitalX’s chair Toby Hicks added, “It is exciting to see the growth and development of the digital assets markets reflected in this approval” in Australia.
To bring this product to market, DigitalX has partnered with K2 Asset Management, which will act as the responsible entity and issuer of the spot Bitcoin ETF.
Additionally, DigitalX will collaborate with 3iQ, a cryptocurrency-focused investment firm, to promote and distribute the product both in Australia and internationally.
This development follows closely behind the ASX’s approval of VanEck’s spot Bitcoin ETF on June 15, which began trading on June 20.
The VanEck Bitcoin ETF (VBTC) recorded $1.3 million in trading volume on its first day, significantly lower than the $450 million daily average seen by the nine U.S.-based spot Bitcoin ETFs during their initial 10 trading days.
In a related note, Australian fund manager Betashares is also pursuing a Bitcoin ETF on the ASX, according to an April report from Bloomberg.
The DigitalX Bitcoin ETF aims to capitalize on the increasing interest in digital assets, offering a regulated avenue for investors to gain exposure to Bitcoin.
As the second Bitcoin ETF on the ASX, BTXX is poised to attract both local and international investors looking to diversify their portfolios with digital currencies.
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Mafia Tate could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Mafia Tate, a new Solana memecoin that was launched today, is poised to explode over 14,000% in price in the coming days.
This is because MAFTATE has announced its first centralized exchange listing, which will be on KuCoin.
This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up.
Currently, Mafia Tate can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
Early investors in SHIB and DOGE made astronomical returns, and Mafia Tate could become the next viral memecoin.
Mafia Tate launched with over $6,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Mafia Tate on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Mafia Tate by entering its contract address – AHi2iF9QmihvZ9xP7LeczZi2J5pExatYtcDFAMjeZS8 – in the receiving field.
If you don’t have one of these wallets already, they can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like MAFTATE.