#meme
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Over 75% of non-vote Solana transactions are failing. This problem seems to stem from the recent influx of new meme coins, as acknowledged by several project supporters. They point out that the bulk of these failed transactions are generated by regular arbitrage spam bots. 
BOME: The Meme Token Market's Newest Sensation
The launch of BOOK OF MEME (BOME) by artist Darkfarms has set social media ablaze, marking an unprecedented surge in its value. Within a mere three hours post-launch, the token's price catapulted by twenty times, with its market capitalization breaching the $80 million mark. Let’s discover the ethos and origins of this project. 
The announcement of new payment functionalities on X has catalyzed a surge in interest for meme coins such as Dogecoin (DOGE), Floki (FLOKI), and Shiba Inu (SHIB). This growing enthusiasm is evident in the significant increase in futures open interest for these coins. Despite the heightened trading volumes, there has been little impact on their prices. Who Could Be Crowned the King of Meme Tokens?
Over the past 12 months, the meme coin PEPE has been racing for dominance on Ethereum, while BONK has been making strides on Solana. However, there are emerging projects that could potentially challenge their dominance and even knock them off the top spot. Let's see which meme tokens could be the ones to watch in 2024. 
Sandeep Nailwal, the co-founder of Polygon, is exploring the idea of endorsing certain popular meme coins on the Polygon blockchain to draw in a broad array of new users. He noted that there is sustained interaction with these projects, even in the absence of inherent utility. Beware: Uniswap Now Hosting a Dubious Meme Token
Amidst the Ethereum ETF speculation frenzy, a surge in dubious coins and new assets targets investors caught up in the hype. A new token on Uniswap seems to fit this pattern, with its name indicating a reliance on potential Ethereum ETF approval news to boost its value. 
The Surge of Meme Coins You May Have Overlooked
Meme coins are a unique breed of cryptocurrencies, rooted in the widespread appeal of internet memes, iconic movie characters, or notable public figures. Their concept, easily graspable by the public, occasionally catapults these assets into popularity, leading to price surges that can multiply their value manyfold. 
A recent CoinGecko study reveals a startling fact: over 50% of cryptocurrency projects (14,039), listed on the platform since 2014, have faced failure. The vast majority of these setbacks (more than 70%) occurred between 2020 and 2022, largely attributed to the ease of deploying tokens and the craze around meme coins. 
