• The US Securities and Exchange Commission recently labeled certain altcoins as securities, leading to a sharp pullback in their prices.
• Despite this, the meme coin market remains in a state of frenzy with TateGPT, RefundCoin and Inedible Token all experiencing significant buying interest.
• These tokens are all available on Uniswap decentralized exchange, and have seen huge trading volume since their launch.
US SEC Labels Certain Altcoins as Securities
The US Securities and Exchange Commission (SEC) recently labeled certain altcoins such as Cardano (ADA), Solana (SOL), BNB (BNB) and Cosmos (ATOM) as securities, resulting in a sharp pullback in their prices.
Meme Coin Market Remains Frenzied
Despite the negative news for these altcoins, the meme coin market remains in a state of frenzy with several coins receiving significant buying interest. These include TateGPT, RefundCoin and Inedible Token which are currently listed on Uniswap decentralized exchange.
TateGPT
TateGPT is a new crypto token hoping to piggyback off of the virality of Andrew Tate whose highly anticipated interview with Valuetainment just went live on YouTube today. The token launched at around $0.0017 but within minutes almost doubled to hit $0.003. It has had over 600 transactions since launch taking its total volume past $2.5 million indicating huge buying interest on the DEXTools platform . Click here to view the chart on DEXTools and visit TateGPT.io to find out more about this project.
RefundCoin
Refund Coin (RFD), one of the most popular newly released meme coins of the past few weeks has been trying to stabilize in recent days after experiencing a sharp near 90% pullback from recent highs in the $0.0001 area; it was last changing hands on Uniswap at just under $0.000015 with bulls hoping for a 9x rally back to all-time highs; according to Refund Coin’s Twitter, it was launched by an Ethereum wallet holder called blurr .eth who is estimated to have a net worth of at least $100 million dollars; you can view its chart here .
Inedible Token
Inedible Token (INEDIBLE) has pumped 70x since its launch last Thursday; INEDIBLE is programmed specifically to make sandwich attacks against user trades impossible; it was last changing hands near $0.0000000035 but has pulled back around 50% from its weekend highs above $0