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ARGENTINA PRESIDENT LAUNCHES MEMECOIN...GONE WRONG
Craziest Memecoin Marketing Ever + Solana's Decline Recapped
Hype Train
February 17, 2025
Presented by Hype
Welcome to the HYPE TRAIN - a newsletter that breaks down what's happening in the crazy world of memecoins. We'll be breaking down the WTF moments, Best Trades, and much more, while trying to provide some humor to your day.
Disclaimer: Take none of this as financial advice & do your own research
Aaand here we go:
Pleasant day to be a degen! Welcome to today’s edition of Hype Train, where we will be covering our staples today:
TOP Memecoin Performances😇
ARGENTINA PRESIDENT RUG PULLS MEMECOIN!!!
CRAZIEST MEMECOIN MARKETING EVER?!?!?! 😱
AND………………stories that will shake your head🙈
CRYPTO STAPLES🥇*As of 1:10 pm EST on February 17th
Coin | Price | Market Cap | %Change(24hr) |
|---|---|---|---|
$BTC | $95,540 | $1.9 Trillion | -1.3% |
$ETH | $2,727 | $328 Billion | +1.6% |
$SOL | $177.46 | $86 Billion | -6.4% |
HYPE INDEX🐐
$0.00001659 | $1.2 Billion | -4.4% | |
$0.6284 | $627 Million | -4.1% | |
$0.0000008319 | $324 Million | +4.9% | |
$0.0294 | $282 Million | -5% | |
$0.2655 | $260 Million | -9% | |
$0.02618 | $26 Million | -13.9% | |
$0.02997 | $16.6 Million | -3.9% | |
$0.003219 | $3.1 Million | -9.9% |
NEW SCHOOL OF TRADING
$0.01558 | $14 Million | -13.5% | |
$0.01071 | $10.6 Million | -10.3% | |
$0.03707 | $2.7 Million | -21.7% | |
$0.001819 | $1.7 Million | -20.6% | |
$0.0006882 | $688 Thousand | -10.1% | |
$0.000316 | $315 Thousand | -4.4% | |
$0.0002415 | $239 Thousand | -8.3% | |
$0.0001752 | $175 Thousand | -2.6% |
ARGENTINIAN PRESIDENT RUG PULLS COIN🫡
$0.471 | $471 Million | +33.2% |
Argentine President Javier Milei posted and then deleted a tweet promoting the Solana based memecoin Libra, promising a “stimulated Argentine economy”, which surged to a $4.4 billion market cap before plummeting by over 95% within hours. The crash wiped out billions in retail investment, with on-chain data revealing that early holders used one sided liquidity pools to extract value. The controversy sparked legal and political fallout, with opposition lawmakers calling for Milei’s impeachment and Argentine prosecutors filing charges over allegations of fraud. Milei later stated he was unaware of the project’s details before promoting it and distanced himself from the coin.
The fallout extended beyond Libra, triggering a broader memecoin market downturn. TRUMP lost $500 million in market cap within 30 minutes, while the overall memecoin sector saw a decline exceeding $1.2 billion. As of now, $LIBRA has retracted to $471 Million, with $132 Million in volume today, after a brief upswing this morning. Also, people dug into this more, finding that the MELANIA coin is involved with the same team as LIBRA, leading to massive sniper gains. Some more facts: Insiders cashed $110 Million after launch.
Argentina president Javier Milei's memecoin weekend recap
- promoted $LIBRA in a tweet Friday
- said it was to stimulate Argentina's economy
- it rose to a $4.4B market cap, then collapsed 95%
- he has since deleted the tweetNow Milei could face an impeachment trial
— Morning Brew ☕️ (@MorningBrew)
5:42 PM • Feb 16, 2025
CRAZIEST PROMOTION YET🗣
$0.0009690 | $969 Thousand | +13.1% |
$VIGI, now sitting at a $969 Thousand market cap after peaking at $3M, has built momentum through aggressive guerrilla marketing. Made for the crypto community to rebel against the political rugpulls recently, the team’s Hollywood sign stunt helped drive its initial surge, and with a strong support level at 700-800K. Even though the climber was arrested, it was featured on the news below. Rumors are swirling about an even bigger stunt in Las Vegas, potentially involving a climb on the Sphere, set to be broadcast live on X today. Attention markets bro…attention markets…I studied.
This is a crazy way to promote your #memecoin $VIGI
— Kenny V | Digital Creator (@realkennyv)
5:11 AM • Feb 16, 2025
SOLANA UPDATE!
Solana’s DEX trading volume has declined for five consecutive weeks, dropping to $2.517 billion, its lowest point since mid-December. The decline is largely attributed to reduced memecoin trading activity, with Solana’s on-chain volume falling 28% to $28.8 billion. BONK, once a dominant force, has slumped 34.5% over the past month, raising concerns about SOL’s price momentum. Despite this, Solana still commands 50% of the DEX market, supported by platforms like Jupiter and Raydium. While major platforms struggle, Meteora has seen an 18.65% volume increase, hinting at shifting trader interest. Meanwhile, SOL faces price pressure from a $3 billion token unlock but remains a strong contender, with analysts eyeing a potential breakout to $225-$260, bolstered by institutional adoption. Blame it on argentina guy.
This guy ruined solana btw
— AR15CRYPTO (@AR15CRYPTO)
10:46 PM • Feb 16, 2025
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That’s all for today’s edition, see you degens tomorrow!
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.