The world of cryptocurrency is constantly evolving, and meme coins have been gaining attention for their unique names and unexpected increases in value. One such example is the Solana meme coin CHWY, which saw a staggering 11,000% surge after a single post by the well-known Roaring Kitty. This sudden spike has left both investors and analysts surprised, sparking conversations about the influence of social media figures on the digital asset market. Let’s take a closer look at the rapid growth of Solana meme coin CHWY and consider the impact of Roaring Kitty’s involvement in the crypto sphere.
Recent Developments in the Crypto World
- Putin’s Crypto Mining Energy Warning: Recent statements from Putin highlight concerns about energy shortages due to crypto mining and emphasize the need for Central Bank Digital Currency (CBDC) growth.
- A16z Founders Endorse Trump: The founders of A16z have publicly supported Trump, citing his backing of Bitcoin and AI technologies.
- Virgil Griffith’s Progress: Virgil Griffith, a researcher involved with Ancient Ethereum, is nearing a new project launch following a consultation with North Korea and subsequent legal issues.
- Starkware’s Bitcoin Signet Network Analysis: Starkware has been conducting examinations on op_cat probabilities within Bitcoin’s signet network, exploring new possibilities for the cryptocurrency.
- Bitwise CIO’s Ethereum Prediction: The Chief Investment Officer at Bitwise has forecasted that Ethereum will reach new highs after the launch of an ETF.
- Trump’s Crypto Initiatives: Trump’s involvement in the crypto space continues with plans for a fourth NFT series and a successful fundraising campaign that raised $3 million in cryptocurrency donations.
- ARB’s Key Moving Average Crossing: ARB has crossed a significant moving average for the first time since June 5, indicating potential market shifts.
- DEX and CEX Trading Trends: Decentralized Exchange (DEX) trading volume has increased by 15.7% in the second quarter, while Centralized Exchange (CEX) activity has declined.
- LI.FI Protocol Security Alert: The LI.FI protocol has issued a warning to users about a possible exploit that led to $10 million being drained.
- Mt Gox Wallet Repayment: As the repayment process commences, a small amount of Bitcoin has been transferred from the Mt Gox wallet.
- FTX and CFTC Settlement: FTX and the Commodity Futures Trading Commission (CFTC) have agreed to a $12.7 billion settlement pending court approval.
- Crypto Industry Collaborations: Coinbase, Ripple, and A16z are set to participate in national conventions to advocate for pro-crypto policies.
- SEC’s Ethereum ETF Approval: The Securities and Exchange Commission (SEC) has informed Ethereum ETF issuers that funds can begin trading on July 23, marking a significant milestone for the crypto industry.
