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THIS NEW FEATURE WILL CHANGE MEMECOINS FOREVER

Has The AI Meta Fallen Off? + Crypto Macro Update + Scam Alert Back In Action

Author

Hype Train
October 31, 2024

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😇

  • THE AI META HAS GONE DOWNHILL??😱

  • CRYPTO MACRO OVERVIEW?!?!?! 😱

  • AND………………stories that will shake your head🙈

CRYPTO STAPLES🥇*As of 12:30 pm EST on October 31st

Coin

Price

Market Cap

%Change(24hr)

$BTC

$70,484

$1.4 Trillion

-2%

$ETH

$2,550

$307 Billion

-4.9%

$SOL

$170.04

$80 Billion

-2.3%

HYPE INDEX🐐

$WIF

$2.48

$2.4 Billion

-3.8%

$POPCAT

$1.58

$1.5 Billion

-5.3%

$BONK

$0.00002051

$1.4 Billion

-4.4%

$MOG

$0.00000195

$761 Million

-2.3%

$GIGA

$0.0481

$462 Million

-5.8%

$MICHI

$0.3411

$189 Million

-2.1%

$RETARDIO

$0.1307

$130 Million

+2.9%

$BILLY

$0.02848

$27.9 Million

-5.7%

NEW SCHOOL OF TRADING

$SIGMA

$0.0695

$62 Million

+7.9%

$LOCKIN

$0.04815

$47.8 Million

-2.1%

$SKBDI

$0.4976

$37.2 Million

-11.5%

$AURA

$0.0201

$19.3 Million

-9%

$ROT

$0.005126

$5.1 Million

-0.9%

$RIZZ

$0.0009332

$925 Thousand

-20.9%

$MEWING

$0.0006957

$695 Thousand

-8.5%

FEATURE OF THE YEAR

Hype has just introduced alerts for market cap and price for any token, carried out using a push notification whenever the value is hit! This is huge for the degens, as you can kind of track as many coins as you want without having to stare at their charts for hours. Sit back, drink a beer or sum, and watch some LeGoat highlights while you have this free time. Crazy stuff going on with HYPE.

WHAT HAPPENED TO THE AI META?🫡

$GOAT

$0.5267

$526 Million

-13.5%

Not gonna lie; I think the AI meta has disappeared. From reviewing the markets on dexscreener to conducting web research on X, I have been seeing fewer and fewer AI coins popping. $GOAT, the top dog of the AI Meta, has retraced some of its footsteps, walking back to a $526 Million market cap. Still good, like its been relatively maintaining, but it’s supporting cast has just turned into Celtics Shaq. Sure, there’s been some AI coins that have hit the decent $1-5 Million market cap range, but none have excelled like they did a fortnight ago. Never count out AI, tho, and LeBron, obviously. Also, interesting comparison with $LUCE down below, feel free to check it out.

S - C - A - M SZN 😱

$THECAT

$0.009758

$9.6 Million

+2,368%

$THECAT, a new coin with crazy volume, has a 1 billion token liquidity pool (LP), but key red flags include the developer holding back 15% of the supply, distributing tokens across multiple wallets, and sniping up 70-80% of the supply. After analyzing the top 150 wallets, many fresh ones hold supply, most funded with Solana from exchanges and then purchasing on Raydium—suggesting developers control roughly 60% of $THECAT. Notably, this project wasn’t launched on PumpFun, and its developer has ties to $MANEKI. With all that research done, $THECAT dropped from $40 Million, to $9.6 Million quickly. Ya’ll got to do your own research man, get dirty with these coins, really get into the crevices, cause who knows, maybe you’ll find gold.

GENERAL CRYPTO MACRO OVERVIEW🗣

Haven’t done this before, but let’s just chit chat about everything going on for a brief crypto overview.

  • A Solana ETF was just filed by the SEC by Canary Capital

  • Robinhood's crypto trading volume increased by 112% YTD

  • Bitcoin’s White paper was released 16 years ago!

Coinbase Earnings Report:

On October 30, the largest U.S. crypto exchange reported $1.2 billion in Q3 revenue, a 17% decrease from the prior quarter, and $75 million in net income. Coinbase also reported its seventh consecutive quarter of positive Adjusted EBITDA at $449 million, with growth across staking, on-platform USDC, and custody despite butt juice market conditions. Transaction revenue fell by 27% to $573 million, though it still made up nearly half of total revenue, while stablecoin revenue rose 3% to $247 million. USDC supply has grown 43% in 2024, outpacing USDT. With the 2024 elections approaching, Coinbase emphasized its commitment to pro-crypto regulatory clarity and supporting crypto-friendly candidates. However, $COIN stock dropped 5% following an earnings miss, closing at $201 in after-hours trading. Help a brotha out fr, I bought ts IPO. They are soon to push memecoins as well, hopefully.

  • Check out the tweet below, displaying the $BTC prices on Halloween dating back to 2010.

 MEME OF THE DAY

HOT NEW COINS (24 Hr)📈

$Milaween

$0.001475

$513 Thousand

+633%

$BBC

$0.0001493

$149 Thousand

+118%

Introducing our REFERRAL PROGRAM:

Collect rewards for sharing HYPE TRAIN with your friends, coworkers, family, and even random people!

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.