Troubles for ZEREBRO Mount as Founder's Scandals Emerge | Notable Meme Coins to Observe Today
Spicy Look into Today's Hilarious Crypto:Shake things up a bit with the meme coins you gotta keep your eyes on – ZEREBRO, FARTCOIN, and LOFI, each bursting with volatility and unique triggers. ZEREBRO is having a hard week, losing over 22% due to the brouhaha surrounding developer Jeffy Yu and a beefy $1.27M token dump.
FARTCOIN, the clown prince of the meme coin world, is taking a downturn and having a tough time holding onto its $1 billion market cap. Meanwhile, LOFI is rallying with a 13% daily gain and a whopping 321% spike in the past 30 days, quickly climbing the ranks within the SUI meme coin ecosystem.
Zerebro (ZEREBRO)
- Launch Date: November 2024
- Total Circulating Supply: 999.95 Million ZEREBRO
- Maximum Supply: 1 Billion ZEREBRO
- Fully Diluted Valuation (FDV): $36.53 million
Zerebro's fallen nearly 22.5% over the past week, thanks to a storm brewing around its developer, Jeffy Yu. According to Lookonchain's post on X, the drama started on May 4 with the launch of a token called $LLJEFFY, followed by a Mirror article by Jeffy referencing it.
A few days later, an obituary for Jeffy Yu popped up on Legacy.com, and his personal X account, as well as Zerebro's official X account, vanished. The situation escalated until Daniele Sesta publicly declared Jeffy was still breathing, presenting evidence. Jeffy later confirmed he'd faked his own death video as a way to bail on the world due to constant harassment and cyberbullying.
Adding salt to the wound, a wallet believed to belong to Jeffy Yu recently sold 35.55 million $ZEREBRO, worth about $1.27 million.
From a technical perspective, ZEREBRO is teetering on the edge of forming a grisly death cross, as its moving average lines approach a downward crossover. If this dark pattern materializes, the token could slide to test support at $0.025, and a breakdown beneath that might drive it down to $0.0189.
However, if savvy investors jump in and reverse the trend, ZEREBRO could first retest the $0.041 resistance. A breakout there would pave the way to $0.054 and potentially $0.066, but the market remains jittery due to the surrounding controversy, making it a tooth-grinding meme coin to keep tabs on.
Fartcoin (FARTCOIN)
- Launch Date: October 2024
- Total Circulating Supply: 999.99 Million FARTCOIN
- Maximum Supply: 1 Billion FARTCOIN
- Fully Diluted Valuation (FDV): $998.58 Million
FARTCOIN, the meme coin belching with laughter, is finally showing signs of a correction after defying broader market trends several times. It's lost nearly 11% over the last seven days, including an 8% drop in the past 24 hours alone.
Once it hit a $1.1 billion market cap, FARTCOIN has been flirting with, and repeatedly surpassing, the critical $1 billion mark.
From a technical standpoint, if the current correction gains steam, FARTCOIN could tumble to test the $0.944 support level. A fall beneath that might open the floodgates down to $0.797 or even $0.717.
On the flip side, a powerful rebound and renewed buying interest could send the token skyward to $1.06. If it clears that resistance, FARTCOIN may aim for $1.20 and potentially $1.28, revitalizing the bullish story driving its rise thus far.
LOFI
- Launch Date: December 2024
- Total Circulating Supply: 1 Billion LOFI
- Maximum Supply: 1 Billion LOFI
- Fully Diluted Valuation (FDV): $33.06 Million
LOFI is currently the third-largest meme coin within the SUI ecosystem, boasting a market cap of $33 million and a 13% gain in the past 24 hours. It's also jumped an impressive 321% over the past 30 days, reflecting robust momentum as the SUI meme coin space ignites.
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From a technical standpoint, if LOFI's rally sustains, it could storm toward resistance at $0.042, and a successful breakout there could catapult it further up to $0.0546. However, if the rally tires out, the first crucial support lies at $0.025. A breakdown beneath that might trigger a more intense correction toward $0.0228.
In compliance with the Trust Project principles, this analysis is meant for informational purposes only and should not be construed as financial or investment advice. Crypto markets are subject to change without warning, and employing due diligence is the investing equivalent of wearing a seatbelt while driving. Don't forget to buckle your belt, because things can get wild up in here! BeInCrypto strives to provide accurate, unbiased reporting, but remember to consult with your spouse and/or financial guru before taking any bold moves in the crypto world. Also, our terms, policies, and disclaimers have been updated.
- The declining market cap of Bitcoin, currently hovering around $837 billion, has been significantly impacting the trading market, with investors reallocating their resources towards other crypto assets such as altcoins.
- Many new investments are being channeled into Initial Coin Offerings (ICOs), as investors seek promising crypto projects that might bring high returns in the future.
- The expanding world of cryptocurrency and blockchain technology has even found its way into the sports industry, with various sports teams and leagues adopting crypto wallets and partnering with crypto exchanges.
- The crypto finance industry is rapidly evolving, with various new protocols and tokens being developed to improve the efficiency and security of transactions.
- Despite the recent losses, Zerebro's market cap remains at $36.53 million, and the token's price movements are closely watched by investors due to the ongoing drama surrounding developer Jeffy Yu.
- The controversy surrounding Zerebro has also highlighted the importance of transparency and credibility in the crypto world, as investors demand clear communication from development teams.
- As the crypto market continues to grow, various technologies, such as artificial intelligence and machine learning, are being integrated into the ecosystem to refine trading strategies and boost investment returns.
