Global #Memecoins

The Ethereum layer-2 (L2) scaling ecosystem has achieved a significant milestone, reaching a new all-time high for daily transactions. On August 12, aggregated daily transactions across the L2 network peaked at 12.42 million, according to Growthepie, a block space analytics platform focused on Ethereum’s L2 solutions.

In recent market fluctuations, crypto whales have strategically leveraged downturns to bolster their holdings, particularly in memecoins like PEPE. After a significant market slump that saw Bitcoin (BTC) and Ethereum (ETH) drop by over 20% and 24%, respectively, PEPE also experienced a 28% decline.

A prominent cryptocurrency whale has been making significant moves in the memecoin market, specifically targeting Pepe (PEPE/USD), despite recent market turbulence.

In a surprising turn of events in the cryptocurrency world, the new entrant "Cats In A Dogs World" has outperformed established memecoins such as Dogecoin and Shiba Inu to claim the top spot on the 24-hour gainers chart.

In a surprising twist within the cryptocurrency market, a shrewd investor has reportedly amassed a substantial fortune by capitalizing on a Trump-themed memecoin, defying traditional investment strategies and catching experts off guard.

The cryptocurrency market is experiencing another period of turbulence, with most major altcoins trading in the red. However, two digital currencies often lumped together, Shiba Inu (SHIB) and Dogecoin (DOGE), are faring particularly poorly and are currently listed as some of the biggest losers among the top 20.