đ Week in Meme Coins: SEC Says Memes Are Not Securities, Pump(.)fun Done?
Pump(.)fun volume plunges 63%! SNEK leads with 29% gain! Ronaldinho's STAR10 drama!
Let's unpack this week in memes đ§”
1/6
đ Market Overview:
Meme coin market cap dips to $55.43B despite SEC relief. Top memes show correlated upside movement. Blue chips recover as White House crypto summit approaches.
2/6
đ Notable Movers:
Top Gainers: SNEK (+29%), BRETT (+11%), DOGE (+1.7%)
Top Losers: PENGU (-22%), SPX (-18%), AI16Z (-18%)
3/6
đ SEC's Meme Ruling:
Division of Corporation Finance declares memes collectibles, not securities. No Howey test criteria met. Staff interpretation, not official rule. Marks major shift from Gensler era.
4/6
⥠Market Dynamics:
Pump(.)fun volume crashes from $119B to $44B. Daily launches down from 58K to 24K. Graduation rate halves to 0.83%. Platform plans mobile app and AMM integration.
5/6
đĄ Key Takeaways:
âą Consider SEC ruling's long-term impact.
âą Monitor Pump(.)fun's recovery efforts.
âą Stay diversified across chains.
Stay informed, stay ahead:
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