A trader recently lost over $1 million worth of digital assets due to the Normie memecoin exploit.
The trader invested $1.16 million in 11.23 million Normie (NORMIE) memecoins, only to see his investment plummet by over 99% to a mere $150, as reported by Lookonchain on May 26:
“He spent $1.16M to buy 11.23M $NORMIE at $0.1035 from Mar 25 to Apr 9 and has held it until now without selling it.”
Normie, a Base-native memecoin, was hit by a smart contract exploit that slashed over $41.7 million from its market capitalization in just three hours. Lookonchain was the first to alert about the exploit in a May 26 post.
Following the exploit, Normie’s value dropped over 96%, with its market cap hitting a low of around $200,000 before beginning a slight recovery, according to CoinGecko data.
On May 27, the Normie team reportedly agreed to a deal with the hacker to return 90% of the stolen NORMIE tokens.
This agreement required Normie to use the returned funds, along with $2.3 million from the team’s development wallet, to launch a new token to reimburse NORMIE holders.
The hacker stipulated that the token launch must happen before they return the stolen funds, as conveyed in a blockchain message seen by Lookonchain.
“The dev wallet made significantly more than I did during this exploit, and I have no other way to ensure that those funds are used appropriately.”
Following the hacker’s offer, social media was flooded with fake Normie posts, falsely announcing the new token’s relaunch to trick users into clicking fraudulent links.
Over 72,000 Normie holders were affected by the smart contract exploit, initially detected in March, according to a May 26 post by on-chain analytics firm Quick Intel.
Despite this setback, memecoin trading continues unabated, with traders still buying animal-themed cryptocurrencies.
Frog-themed memecoin Pepe hit a new all-time high of $0.00001718 on May 27, rising over 75% in the past week, according to CoinMarketCap data.
Memecoins, lacking intrinsic utility, are among the most volatile digital assets. Yet, some traders profit significantly from this high-risk market.
Two weeks ago, a Pepe trader turned $3,000 into $46 million, achieving a return of over 15,718 times his initial investment, aided by the resurgence of the GameStop saga.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Overpriced Pizza (OVERPIZZ) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Overpriced Pizza (OVERPIZZ), a new Solana memecoin that was launched this week, is poised to explode over 14,000% in price in the coming days.
This is because OVERPIZZ 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, Overpriced Pizza 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 Overpriced Pizza could become the next viral memecoin.
Overpriced Pizza launched with over $4,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Overpriced Pizza on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Overpriced Pizza by entering its contract address – G443b8EoLKhAvoyMErW9Tqum2pR4Z57EPMQzVJMKS3Sf – in the receiving field.
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 OVERPIZZ.
Pepe The Gay (PEPEGAY) could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Pepe The Gay (PEPEGAY), a new Solana memecoin that was launched this week, is poised to explode over 14,000% in price in the coming days.
Currently, Pepe The Gay 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 Pepe The Gay could become the next viral memecoin.
In fact, many early Shiba Inu and Dogecoin investors have been pouring funds into this new Solana memecoin.
Pepe The Gay launched with over $4,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Pepe The Gay on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe The Gay by entering its contract address – 46miVUNgCmhnBxXsXRwm1QuRg8VDtKjT4vMLEpJqd8vZ – in the receiving field.
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 PEPEGAY.
The rapid adoption of Worldcoin, an AI-centric identification project with its own cryptocurrency, has raised alarms among privacy advocates and regulators.
The project claims over 5 million individuals have participated in scanning their irises via a silver sphere, resembling a bowling ball.
In return, users receive online ID verification and are rewarded 25 WLD, approximately $115 in value.
By April 11, Worldcoin’s World App had garnered over 10 million sign-ups.
Sam Altman, the founder of Worldcoin and CEO of OpenAI, stated the project aims to create “a global financial and identity network based on proof of personhood,” essential in an AI-driven world.
However, since its inception, Worldcoin has faced significant criticism from privacy advocates like Edward Snowden.
Despite leveraging cryptocurrency and blockchain technology, the crypto community has shown tepid support.
Vahan P. Roth, an executive board member at Swissgrams AG, remarked that Worldcoin “blatantly contradicts the central ethos of cryptocurrencies – the core principles of anonymity and decentralization on which Bitcoin and its peers were founded.”
Regulators in several countries have banned the project, citing the collection of biometric data as a critical privacy threat.
This raises the question: is Worldcoin’s biometric data collection genuinely dangerous, or is it misunderstood?
Biometric data is highly sensitive and more concerning than other personal information.
READ MORE: Bitcoin Nears $69,000 as Key Resistance Levels Hold Steady
Rory Mir from the Electronic Frontier Foundation emphasized that biometric data is “largely unchangeable and difficult to obscure,” highlighting the need for strict protections and explicit consent.
In 2023, regulators in India, South Korea, Kenya, Germany, and Brazil began investigating Worldcoin’s practices.
Spain banned Worldcoin’s biometric data collection on March 18, 2024, and Hong Kong followed on May 22, halting operations due to unjustified data retention for AI training.
The Spanish Data Protection Agency (AEPD) cited reports of insufficient information and unauthorized data collection.
The National Court upheld the ban, prioritizing data protection over the company’s economic interests.
Christoph Schmon of the EFF explained that European regulation allows cross-border data protection enforcement, with Germany likely leading Worldcoin’s regulatory fate due to its headquarters location.
Worldcoin has responded by making its Orb software open source and introducing a “Personal Custody” feature for data security.
Despite these efforts, the company faces skepticism about the safety and privacy of its biometric data collection.
To regain trust, Worldcoin must demonstrate its commitment to user empowerment and data protection. While regulators need to enhance their understanding of such technologies to avoid misinformed bans, Worldcoin must address concerns to prove its product’s safety and privacy.
Worldcoin did not respond to all inquiries but emphasized its commitment to transparency and ongoing dialogue to clear up misunderstandings.
The core issue remains Worldcoin’s need to build trust and demonstrate the safety and utility of its protocol.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
King Donald (KINGDON) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
King Donald (KINGDON), a Solana memecoin that was launched today, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and King Donald presents a similar opportunity.
King Donald has a market cap below $15,000 at the moment, meaning that when it just reaches a modest market cap of $400,000-$800,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 13,000% in the coming two days, and King Donald could potentially reach a multi-million dollar market cap within a few weeks.
Currently, King Donald can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy King Donald on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for King Donald by entering its contract address – J8uHNi8fkM7gSnJqADvGUudLbcfa3aeM8nHdALcHMLaT – in the receiving field.
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 KINGDON.
Early investors in memecoins like Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) made astronomical returns, and Ronaldo’s Jersey (RONJER) presents a similar opportunity for a limited time.
Ronaldo’s Jersey (RONJER), a newly launched Solana memecoin, is poised to explode over 14,000% in a matter of days, as former Shiba Inu (SHIB), Bonk (BONK) and Dogecoin (DOGE) investors pour funds into this new token.
RONJER will be listed on KuCoin, one of the largest centralized exchanges in the world, within a few days – and this is a massively bullish development for the token, as millions of new investors will easily be able to buy Ronaldo’s Jersey.
Currently, Ronaldo’s Jersey can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy RONJER on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Ronaldo’s Jersey by entering its contract address – 9gm8w1gwPizQCM79EZ7N58ZQHWL3Pc51vi1yCa8kwLGp – in the receiving field.
RONJER currently has a market cap of just under $12,000, with over $4,000 in locked liquidity, meaning it has huge upside potential.
Early investors could make returns similar to those who invested in Shiba Inu (SHIB), Dogecoin (DOGE) and Bonk (BONK) 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 Argentine government is collaborating with El Salvador to gain insights from its experience with Bitcoin adoption and other cryptocurrency activities.
The National Securities Commission (CNV) of Argentina met with El Salvador’s National Commission of Digital Assets (CNAD) to discuss crypto adoption and regulation in both countries, according to an official CNV announcement.
On May 23, CNV president Roberto Silva, vice president Patricia Boedo, and CNAD president Juan Carlos Reyes reviewed El Salvador’s experience as the first nation to make Bitcoin legal tender in September 2021.
The meeting focused on exchanging views and strategies regarding cryptocurrency use in global economies, with particular attention to El Salvador’s Bitcoin implementation.
CNV president Silva noted that El Salvador is not only a global pioneer in Bitcoin adoption but also a leader in the wider cryptocurrency sector.
He emphasized the value of the insights provided by CNAD, which manages and regulates El Salvador’s digital asset market. Silva stated:
READ MORE: Bitcoin White Paper Reuploaded to Bitcoin.org After Craig Wright’s Failed Satoshi Claim
“We want to strengthen ties with the Republic of El Salvador, and therefore, we are going to explore the possibility of signing collaboration agreements with them.”
CNV vice president Boedo, who visited El Salvador in March for discussions on market development, highlighted the importance of El Salvador’s expertise in the crypto industry.
“Argentina is a pioneer in technology and the National Securities Commission understands and wants to work with the industry efficiently and create appropriate regulation,” stated El Salvador’s official Reyes.
This development comes as Argentina advances in regulating its local cryptocurrency market, having implemented registration requirements for crypto firms in April.
The country has been increasingly embracing cryptocurrency since the election of Bitcoin-friendly politician Javier Milei as president in late 2023.
Additionally, in late 2023, Argentina’s foreign affairs minister, Diana Mondino, announced that the government was preparing a decree to legalize the use of Bitcoin and other cryptocurrencies for payments under specific conditions.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Overpriced Pizza (OVERPIZZ) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Overpriced Pizza (OVERPIZZ), a new Solana memecoin that was launched this week, is poised to explode over 14,000% in price in the coming days.
This is because OVERPIZZ 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, Overpriced Pizza 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 Overpriced Pizza could become the next viral memecoin.
Overpriced Pizza launched with over $4,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Overpriced Pizza on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Overpriced Pizza by entering its contract address – G443b8EoLKhAvoyMErW9Tqum2pR4Z57EPMQzVJMKS3Sf – in the receiving field.
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 OVERPIZZ.
A trader recently lost over $1 million worth of digital assets due to the Normie memecoin exploit.
The trader invested $1.16 million in 11.23 million Normie (NORMIE) memecoins, only to see his investment plummet by over 99% to a mere $150, as reported by Lookonchain on May 26:
“He spent $1.16M to buy 11.23M $NORMIE at $0.1035 from Mar 25 to Apr 9 and has held it until now without selling it.”
Normie, a Base-native memecoin, was hit by a smart contract exploit that slashed over $41.7 million from its market capitalization in just three hours. Lookonchain was the first to alert about the exploit in a May 26 post.
Following the exploit, Normie’s value dropped over 96%, with its market cap hitting a low of around $200,000 before beginning a slight recovery, according to CoinGecko data.
On May 27, the Normie team reportedly agreed to a deal with the hacker to return 90% of the stolen NORMIE tokens.
This agreement required Normie to use the returned funds, along with $2.3 million from the team’s development wallet, to launch a new token to reimburse NORMIE holders.
The hacker stipulated that the token launch must happen before they return the stolen funds, as conveyed in a blockchain message seen by Lookonchain.
“The dev wallet made significantly more than I did during this exploit, and I have no other way to ensure that those funds are used appropriately.”
Following the hacker’s offer, social media was flooded with fake Normie posts, falsely announcing the new token’s relaunch to trick users into clicking fraudulent links.
Over 72,000 Normie holders were affected by the smart contract exploit, initially detected in March, according to a May 26 post by on-chain analytics firm Quick Intel.
Despite this setback, memecoin trading continues unabated, with traders still buying animal-themed cryptocurrencies.
Frog-themed memecoin Pepe hit a new all-time high of $0.00001718 on May 27, rising over 75% in the past week, according to CoinMarketCap data.
Memecoins, lacking intrinsic utility, are among the most volatile digital assets. Yet, some traders profit significantly from this high-risk market.
Two weeks ago, a Pepe trader turned $3,000 into $46 million, achieving a return of over 15,718 times his initial investment, aided by the resurgence of the GameStop saga.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Pepe The Gay (PEPEGAY) could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did.
Pepe The Gay (PEPEGAY), a new Solana memecoin that was launched today, is poised to explode over 14,000% in price in the coming days.
Currently, Pepe The Gay 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 Pepe The Gay could become the next viral memecoin.
In fact, many early Shiba Inu and Dogecoin investors have been pouring funds into this new Solana memecoin.
Pepe The Gay launched with over $4,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Pepe The Gay on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe The Gay by entering its contract address – 46miVUNgCmhnBxXsXRwm1QuRg8VDtKjT4vMLEpJqd8vZ – in the receiving field.
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 PEPEGAY.