TWO NEW COINS HIT 1 BILLION MARKET CAP🚨

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😇

• GOVERNMENT APPOINTMENT SPARKS COIN??😍

• TWO $1 BILLION NEW COINS?!?!?! 😱

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

CRYPTO STAPLES🥇^{_{*As of 1:00 pm EST on November 11th}}

HYPE INDEX🐐

what a day for the top of the HYPE INDEX! Keep your eye out on $BONK as its been crushing it!

NEW SCHOOL OF TRADING

D.O.G.E CABINET SELECTIONS🫡

Trump just announced a lot of his cabinet positions yesterday, with none bigger than the Department of Government Efficiency (DOGE) being appointed. You guessed it, Elon Musk was co-appointed as the leader alongside Vivek Ramaswamy. As expected, the coin $DOGE on SOL shot up dramatically, going from $1.3 Million to $58 Million in 6 hours. With Elon on the presidential cabinet now, who knows what kind of memes are going to be associated with the government, with an increasing opportunity for memecoins to take a giant spotlight in the grand scheme of things. perchance separating itself from crypto a little bit to go into that trading news and memes bit.

TWO $1 BILLION COINS 😱

After their binance listing and the constant tweets from Elon Musk, $PNUT has hit a market cap of $1 Billion, and not only hit, but shattered way past it to a market cap of $1.6 Billion. $PNUT rose from $119 Million to the billions in 3 days. That just shows how many people were upset by the government seizing PNUT, and how much people follow the Elon Musk tweets. Overall, the dominoes just kept falling for pnut in the right way.

We aint done. $GOAT has hit a $1 Billion market cap as well. The first ever pump.fun coin to hit a billy. In just one month, $GOAT has 222,222x’d. uhh, wow that could buy a lot of Kai Cenat meals at McDonalds (btw def recommend chicken big mac absolutely insane). Word on the street is that Coinbase is getting closer to be listing $GOAT as well, but you didn’t hear it from me.

FTX 2 YEAR AFTERMATH🗣

Two years after FTX’s collapse, crypto exchanges have made moves to strengthen user trust, particularly by addressing reserve transparency. The downfall of FTX, driven by insufficient reserves, exposed the need for exchanges to assure users they can cover withdrawals and remain solvent even during volatile periods. Since then, several major platforms, such as Binance, have significantly bolstered their Bitcoin holdings, despite ongoing regulatory pressures. Binance, for instance, has grown its reserve by 5%, now holding over 600,000 BTC.

The push for transparency has led most top exchanges to adopt Proof-of-Reserves (PoR) protocols, a practice designed to publicly confirm they have sufficient assets to back user balances. However, Coinbase, despite holding the largest reserve of any exchange, has yet to publish a PoR report, highlighting a gap in uniform transparency standards across the industry. While the increased reporting is a step toward reassuring investors, the varied implementation suggests the industry is still maturing in its approach to accountability and user confidence. After two years, FTX finally will be refunding its customers, totalling $16 Billion. Watch out for the massive buys.

MEME OF THE DAY

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HOT NEW COINS (24 Hr)📈

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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.