Gay Elon Musk (GAYELON) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Gay Elon Musk (GAYELON), a new Solana memecoin that was launched today, is poised to explode over 14,000% in price in the coming days.
This is because GAYELON 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, Gay Elon Musk 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 Gay Elon Musk could become the next viral memecoin.
Gay Elon Musk 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 Gay Elon Musk on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Gay Elon Musk by entering its contract address – AErKQkbiSgsRMT1GmS7XW5tWkpSmdT1zdVJCMv1unvBH – 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 GAYELON.
Gold Pepe (GOLDPEPE) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Gold Pepe (GOLDPEPE), 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 Gold Pepe presents a similar opportunity.
Gold Pepe 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 11,000% in the coming two days before it will be listed on KuCoin – a massive cryptocurrency exchange – and Gold Pepe could potentially reach a multi-million dollar market cap within a few weeks.
Currently, Gold Pepe 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 Gold Pepe on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Gold Pepe by entering its contract address – 5EZoavSMtfuq3dQuyQsYqUgmD7avZJEZMYpLtpZFBgYz – 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 GOLDPEPE.
Bitcoin reached all-time highs in various Asian and South American countries after a 7% surge, bringing it closer to its peak in U.S. dollars.
On May 21, Bitcoin’s price hit an intraday and six-week high of $71,650, up over 7% in 24 hours.
According to CoinGecko, Bitcoin is now just 3.4% below its March 14 all-time high of $73,738 in U.S. dollar terms.
However, Bitcoin reached new peaks against several other fiat currencies.
In Japan, Bitcoin hit an all-time high of 11.2 million yen on May 21, marking the first time it surpassed 11 million yen.
The yen has weakened against the U.S. dollar, losing 10% since January.
In Argentina, Bitcoin reached 63.8 million Argentine pesos on May 21, slightly higher than the March high. Argentina is grappling with inflation at 290% and currency devaluation.
Similarly, in the Philippines, Bitcoin briefly hit a record 4.18 million pesos on May 21, surpassing mid-March highs.
READ MORE: Bitcoin Eyes New Highs as Analysts Spot Imminent Golden Cross on Lower Timeframes
Other countries where Bitcoin prices have approached or surpassed their mid-March peaks include Britain, Australia, Canada, Chile, Colombia, Egypt, Israel, Norway, India, South Korea, Taiwan, and Turkey, as noted by industry observer Thomas Fahrer on X.
Crypto analyst Willy Woo noted that a month’s worth of Bitcoin short positions were liquidated. “One more layer to go in order to short-squeeze past all-time highs,” he added.
Coinglass reported that in the past 24 hours, 79,010 traders were liquidated, totaling $345 million in crypto liquidations, with 78.5% being short positions.
Markus Thielen, head of research at 10x Research, predicted earlier this week that a “breakthrough above $67,500 could potentially lead to new all-time highs.”
At the time of writing, Bitcoin is trading at $70,945, just $2,500 short of a new all-time high in U.S. dollars.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Trump Fuks SEC (TRUMPSEC) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Trump Fuks SEC (TRUMPSEC), a new Solana memecoin that was launched today, is poised to explode over 14,000% in price in the coming days.
This is because TRUMPSEC has announced its first centralized exchange listing, which will be on Bitrue.
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, Trump Fuks SEC 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 Trump Fuks SEC could become the next viral memecoin.
Trump Fuks SEC 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 Trump Fuks SEC on Raydium or Jupiter ahead of the Bitrue listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump Fuks SEC by entering its contract address – AAraTzqWht3m6i6A82huRES3kyCp5vHYzh13gzHA5sGJ – 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 TRUMPSEC.
Trump’s Coq (TRUMPCOQ) could turn early investors into multi-millionaires if it becomes a mainstream coin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Trump’s Coq (TRUMPCOQ), a new Solana memecoin that was launched today, is poised to explode over 14,000% in price in the coming days.
This is because TRUMPCOQ 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, Trump’s Coq 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 Trump’s Coq could become the next viral memecoin.
Trump’s Coq launched with over $9,000 of locked liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains.
To buy Trump’s Coq on Raydium or Jupiter ahead of the KuCoin listing, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Trump’s Coq by entering its contract address – DNpRoQjdT95bGpLPvvpR3NnLYnvAWkBHVuqfV3BLzPoY – 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 TRUMPCOQ.
Cryptocurrency personality Thomas John Sfraga has pleaded guilty to wire fraud, admitting to deceiving more than a dozen victims into investing in fictitious ventures, including fraudulent cryptocurrency schemes.
“Sfraga convinced a victim to invest in a fictitious cryptocurrency ‘virtual wallet,’” the United States Department of Justice (DOJ) declared in a May 17 statement.
The agency elaborated that Sfraga has experience in podcasting and the crypto industry, including hosting crypto events in New York.
“He promised the victims returns on their investments as high as 60% in three months,” the DOJ added. However,
Sfraga was operating a Ponzi scheme, where returns paid to earlier investors came not from legitimate profits but from the investments of new participants.
“In reality, however, Sfraga converted the monies to his own benefit, to pay expenses, and to pay earlier victims and business associates,” the DOJ explained.
Several of Sfraga’s victims were reportedly friends and neighbors, whose trust he betrayed to “swindle over $1.3 million of their hard-earned savings.”
READ MORE: Binance Develops Antidote to Combat Growing Address Poisoning Scams
Such gains are not unusual in the crypto market — Bitcoin rose 65% over three months this year from Jan. 24 to April 24, according to CoinMarketCap data.
At the time of publication, Bitcoin is trading at $66,860. Several altcoins have seen much larger returns over the same period — Pepe and Dogwifhat (WIF) rose by 722% and 656%, respectively.
This case follows a series of crackdowns on cryptocurrency fraud.
On May 15, Cointelegraph reported that the DOJ charged brothers Anton Peraire-Bueno and James Pepaire-Bueno with conspiracy to commit wire fraud, wire fraud, and conspiracy to commit money laundering.
The brothers allegedly obtained $25 million in cryptocurrency in approximately 12 seconds using a scheme that undermined the integrity of the blockchain.
Just a month earlier, on April 4, the former head of legal and compliance for the multibillion-dollar OneCoin fraud scheme was sentenced to four years in jail after admitting she helped launder millions of dollars.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
An Australian man has admitted his role in promoting cryptocurrency lending services for the now-defunct crypto exchange BitConnect, a notorious entity accused of operating as a Ponzi scheme and defrauding victims of over $2.4 billion before shutting down in 2018.
“Mr. Bigatton provided financial product advice without holding an Australian Financial Services license or authorization to provide financial services about the lending platform,” the Australian Securities and Exchange Commission (ASIC) stated on May 17.
ASIC claimed that John Louis Anthony Bigatton, in his capacity as BitConnect’s national promoter, gave financial product advice on six occasions at different locations across Australia, including four seminars and two social media posts.
“Mr. Bigatton undertook promotional activities for BitConnect and the Lending Platform on social media, at seminars that he hosted at various locations around Australia, and through face-to-face meetings with investors,” ASIC continued.
BitConnect’s lending platform was touted as an investment opportunity, urging investors to purchase BitConnect coin (BCC) through its website.
Investors could loan BCC for a fixed period in exchange for high interest rates.
READ MORE: Oobit Mobile Payment App Integrates with Tether’s USDT and XAUt on TON for Streamlined Transactions
Once invested, they had no control over their loans or the ability to withdraw their money until the lending period concluded.
This structure allegedly allowed the platform to function as a Ponzi scheme, using funds from newer investors to pay returns to earlier investors, as per the United States Internal Revenue Service.
A sentencing hearing is scheduled for July 5.
BitConnect was launched in February 2016, offering a platform and a digital currency, but it ceased operations in January 2018 when its founders disappeared with investors’ money.
In January 2023, the U.S. District Court for the Southern District of California ordered $17 million in restitution for the fraudulent scheme, providing some relief to victims of the BitConnect investment scam.
A group of victims of the BitConnect fraud scheme found some solace when a court mandated they receive a portion of the $17 million restitution.
The whereabouts of founder Satish Kumbhani remain unknown.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
In a surprise announcement on Telegram, Pink Drainer, a notorious crypto-wallet draining kit, declared its retirement after successfully facilitating the theft of over $85 million in crypto assets.
“After this message’s publication, we will begin winding down all of our infrastructure. All stored information will be wiped and securely destroyed,” stated the announcement.
The developer behind Pink Drainer, known as Pink, refused to comment further when approached by Cointelegraph, simply saying, “I do not wish to comment. Bye.”
Following this, Pink deleted the entire Telegram chat history.
CryptoSleuth ZachXBT shared a screenshot of Pink Drainer’s final announcement, revealing that the drainware service had shut down after stealing over $75 million.
PeckShieldAlert also reported on the shutdown, noting that Pink Drainer addresses had staked up to 18.1 million Dai into Spark, accounting for approximately 1.35% of the total sDAI tokens.
Data from Dune Analytics indicates that since July 2023, over $85 million has been stolen from more than 21,100 victims.
The Pink Drainer Telegram channel has since rebranded to “Bonadifier.”
READ MORE: ShibaSwap Upgrades to Shibarium Blockchain, Introducing New Features and Enhanced User Experience
It now features an image of Bonad, described as a drainer with a mental disability, along with the message, “never forget what he took from you.”
Pink Drainer’s toolkit was responsible for stealing $53 million from over 9,000 “participants” in 2023.
The security researcher behind Pink Drainer defended the service, stating, “I don’t phish, I just code.”
This announcement continues a trend among high-profile crypto drainers.
In November 2023, Inferno Drainer ceased operations after stealing $70 million, following Monkey Drainer, which shut down in March 2023 after facilitating the theft of $13 million.
While the closure of drainer services like Pink Drainer provides temporary relief for crypto users, the ongoing presence of other drainers, such as Angel Drainer, indicates that the threat remains.
In February, Angel Drainer stole over $400,000 from 128 crypto wallets by targeting users with a malicious Safe Vault contract.
For more information on phishing attacks and how to avoid online hacks, read Cointelegraph’s guide on crypto and artificial intelligence.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
Flipped Cat (FLICAT) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Flipped Cat (FLICAT), a Solana memecoin that was launched this week, 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 Flipped Cat presents a similar opportunity.
Flipped Cat has a market cap below $17,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 8,300% in the coming two days ahead of it being listed on giant crypto exchange Bitrue, and Flipped Cat could potentially reach a multi-million dollar market cap.
Currently, Flipped Cat 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 Flipped Cat on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Flipped Cat by entering its contract address – JDCyeohyUFrxX31t4tY8Fe5LzMWkstAMaVHuH8Lq71Z1 – 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 FLICAT.
Bitcoin maintained upward pressure on liquidity on May 17 as analysts noted a potential golden cross on lower timeframes.
Data from Cointelegraph Markets Pro and TradingView showed BTC price action hovering near its highest levels since mid-April.
Liquidity at $67,000 and above continued to act as a barrier, with around $75 million at stake at the time of writing, according to monitoring resource CoinGlass.
Although still below its all-time highs of 2024 and 2021, Bitcoin sparked enthusiasm among market observers. Popular pseudonymous trader Moustache highlighted two significant trendlines.
“Golden Cross (12h-Chart) of $BTC is imminent,” he informed his followers in one of his recent posts on X (formerly Twitter).
A golden cross happens when a shorter-term moving average crosses above a longer-term one, with the last occurrence in October of the previous year — just before Bitcoin saw significant gains.
“The last bullish cross was over six months ago. Bitcoin has risen by over 170% since then,” Moustache noted.
Another trader, Titan of Crypto, suggested that the Ichimoku Cloud indicator might follow a similar trend.
READ MORE: Oobit Mobile Payment App Integrates with Tether’s USDT and XAUt on TON for Streamlined Transactions
“BTC seems to be repeating the same pattern from early 2024,” a part of an X post on May 16 read, adding that BTC/USD saw an upside of more than 60% the last time Ichimoku requirements were met.
Titan of Crypto also pointed out a transfer of $60,000 from resistance to support.
As reported by Cointelegraph, this area includes various bull market trendlines, all converging in one place.
Among these are the short-term holder realized price and the 100-day moving average, the latter rising quickly and now above $62,000.
“BTC is perfectly flipping previous resistance into support,” Titan of Crypto summarized, sharing an Ichimoku chart.
Overall, Bitcoin’s current trajectory and technical indicators suggest a potentially bullish outlook, with significant levels being tested and possibly transformed into new support zones.
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