#meme

RocketSwap, a DEX on the Base Layer 2 network, suffered a hack, losing 471 ETH ($862,000). The team identified lapses, including offline signatures during launchpad deployment and storing private keys on the server. While some accused the team of a potential rug pull, RocketSwap blames a third-party hacker who brute-forced a server to extract private keys. Post-hack, the hacker moved assets to Ethereum, creating a meme token, "LoveRCKT", which saw a brief price surge on Uniswap before plummeting.

Hayden Adams, the founder of Uniswap Labs, has dismissed a developer known by the pseudonym AzFlin following allegations of creating a FrensTech meme coin and then withdrawing liquidity shortly after its launch. Preliminary damages are estimated at 14 wETH, equivalent to approximately $25,830. Adams stressed that the company does not condone such actions and, therefore, felt compelled to respond accordingly. The developer denies the accusations of fraud and describes the situation as FUD. According to him, he only withdrew 1 ETH from the liquidity pool, which he had initially provided from his own funds.

LunarCrush, the data analytics company, has reported that the most frequent search on their platform is now the SHIB token, overtaking Optimism (OP) and Worldcoin (WLD) which landed in the second and third spots respectively. Notably, this "meme token" has shown a surge in its overall social engagement by 20% and has held a strong social dominance of 4.8% in the past 24 hours.

GROK, a meme token inspired by Elon Musk's artificial intelligence ventures, experienced a dramatic 50% drop in value after its developer was exposed.

Floki, initially a meme coin, is venturing into the DeFi space with its new tokenization platform, TokenFi. The platform aims to tap into the burgeoning real-world asset (RWA) market, allowing users to tokenize assets like real estate and cars.

The Wall Street Memes (WSM) meme token is slated for listing on OKX Exchange, happening today at 10:00 GMT. A similar event with PEPE saw the token's price soar with a 15x increase. But what exactly is Wall Street Memes? Originating from Reddit a few years back, this meme community has grown to nearly 800,000 members across different social media platforms, humorously dissecting crypto and financial news. Before rolling out the WSM token in May, they were renowned for their Wall Street Bulls NFT collection. Their token's presale has drawn to a close, amassing approximately $25 million with the token's cost fixed at $0.0337.

The Dogecoin Foundation has expressed its heartfelt condolences over the passing of Balltze, the dog widely recognized online as Cheems. He passed away on August 18, 2023, during a surgical procedure. Balltze rose to internet fame in 2017 due to a photo capturing his distinctively troubled expression. Among the plethora of memes generated from this image, one in particular stands out: a comparison with Kabosu, the Dogecoin cryptocurrency mascot. Condolences have also poured in from various cryptocurrency and meme communities worldwide.

The BALD project’s scammer team managed to relocate 7000 ETH ($13 million) from Base network into Ethereum. Not stopping there, they sent 2100 ETH (around $4 million) to the Kraken exchange, possibly gearing up for a grand withdrawal. Want the full story on this crafty meme coin scam? Read all about it in our detailed article!