ICYMI - Top Weekend Headlines #10

In case you missed it, here are the top news highlights over the weekend.

The summary:

• The Roaring Kitty tweets, sends GME flying past $100M MC
• $MOTHER surges to 85M market cap after Iggy Azalea changes her DP to a MadLads
• NFTStats reports “fake volume” on Magic Eden
• Pump.fun is now earning 750k each day post-hack, now with $30M total revenue
• Cobie tries to buy CryptoPunks IP but Yuga Labs says it's not for sale

Headlines

The Roaring Kitty tweets, sends GME flying to $100M MC

The Roaring Kitty, famous for sparking the late 2020 surge in GameStop’s price, recently tweeted after a two-week hiatus.

The influence of The Roaring Kitty is evident from aftermath of memecoin GME, jumping 5x and surpassing $100M market cap within 4 hours.

$MOTHER surges to 85M market cap after Iggy changes her PFP to a Mad Lads

Australian rapper and model, Iggy Azalea, recently came into the crypto scene, launching her own memecoin $MOTHER.

After an initial pump and dump, the narrative shifted when Iggy started to show a genuine interest in learning about crypto, such as adopting a Mad Lads as her Twitter profile picture.

Her involvement appears ongoing, as she continues to join conversations on Twitter spaces, actively push her token with a team of developers and “onboard normal people”.

NFTStats reports “fake volume” on Magic Eden

A series of screenshots of trading activity of top collections like Punks were shared by NFTStats, claiming that the “fake volume” or wash-trading is what’s really behind MagicEden’s ascension to “dominating ETH NFT volume”.

Pump.fun is now earning 750k each day post-hack, now with $30M total revenue

Amidst the celebrity memecoin frenzy, Pump.fun, a platform for launching memecoins, is benefiting the most, having recently reached $30M in revenue since its launch in January.

They charge a 1% fee on trades and a small amount of SOL for tokens that reach live trading on Raydium.

Cobie tries to buy CryptoPunks IP but Yuga Labs say it’s not for sale

That's all folks - that should catch you up. Now let's start the week off strong