4 meme cryptocurrencies immediately attracted the attention of investors: M3M3, HAWK, TUAH and VOID
-
Altcoin News
Bitcoin news
Blockchain News
blog
DeFi News
Exchange News
General
Market News
Prediction
Без рубрики
Johny Smith
2024/12/29
3 mins read
According to data as of December 5, 2024, 4 new meme tokens – M3M3, Hawk Tuah (HAWK), Tuah Prison (TUAH) and Nothing (VOID) – became the main topic of discussion in the community. These projects have generated interest due to their unique concepts and dramatic movements in the market.
The most successful start was demonstrated by M3M3. This token became the first project of the Meteora platform and reached a capitalization of $170 million at its peak. It offers a built-in staking mechanism, which incentivizes holders to remain in the ecosystem and earn income from fees rather than selling the digital asset. In just one day, M3M3 trading volume amounted to $29.6 million.
Hawk Tuah, a token from popular influencer Hayley Welch, soared to $492 million, but then fell in value by 90%. The reason was accusations of fraud with insider wallets and sniping. Despite the scandal, Haley rejected all attacks. The fall of HAWK provoked the launch of an alternative token – Tuah Prison. He focused on transparency and fair distribution.
The token attracted the attention of investors and caused more than 200 thousand transactions per day, and also reached a trading volume of $53.7 million. This interest is explained by the desire of investors to support the project, which positions itself as the antipode of HAWK. Its capitalization amounted to $27.1 million. This is significantly lower than the records of the original token, but many see long-term potential in such a crypto asset.
The latest meme token, VOID, is based on the concept of “Nothingness”. It attracted attention with its minimalism and philosophical themes. The token started with moderate performance, reaching $19.1 million at its peak and $24.3 million in trading volume per day. The community appreciated the originality of the idea, but for sustainable growth, VOID will have to prove its worth.
Analysts note that meme cryptocurrencies continue to attract interest due to their emotional component. Projects like M3M3 and VOID stand out for their conceptual solutions, while HAWK and TUAH illustrate exactly how the market reacts to scandals. Investors should be aware of the risks of such assets, since high volatility can either bring profit or result in significant losses.
Error in the text? Select it with the mouse and click Ctrl + Enter
34