Meme News: Kanye’s YZY Hits $3B, Grayscale Files DOGE ETF, HeavenDEX Cooks - Auto-snipe Telegram alpha calls

While majors retraced, the Land of Memes delivered peak chaos and opportunities.

HeavenDEX just shot up to one of Solana’s top revenue plays, while early YZY snipers are already cashing out heavily.

Bitcoin’s recent rip to an all-time high was cut short as hotter-than-expected inflation data and hawkish FOMC minutes triggered a market pullback before Fed chairman Jerome Powell’s Jackson Hole speech tomorrow.

While majors retraced, the Land of Memes delivered peak chaos and opportunities. Kanye West entered the high-stakes meme coin arena with YZY. This Solana-based token rocketed to a $3 billion valuation before crashing back to $1 billion due to concerns over one wallet holding 70% of the supply.

The real alpha? Celebrity launches remain pure casino plays, but a gold mine for degens quick enough to catch the early moves.

After a blistering rally, meme coins are cooling down. The market cap slid 10% to $66.3 billion. Light stole the show after cracking a +400% gain week-on-week. Over the last 30 days, there’s been quite a retracement.

The meme coin sector flexed its muscles by storming into the top 10 on DeFiLlama’s narrative tracker.

The top 20 leading meme coins are in the red after a stretch of gains. Translation: traders are taking profits before liquidity rolls back.

If you’re looking to go a bit deeper into your meme coin research, play around with the toggles on CoinMarketCap’s page to get alpha on New, Trending, Gainer, and Most Visited meme coins.

CMC Meme Coins Page

Biggest Gainers (7D%)

Biggest Decliners

1. Trump Jr. Backs Dogecoin Mining Push

Trump Jr.-backed Thumzup is acquiring Dogecino mining firm Dogehash Technologies in an all-stock deal, forming Dogehash Technologies Holdings, Inc., which will trade on Nasdaq under the ticker XDOG in late 2025.

2. YZY and LIBRA Linked in $23M Insider Scheme

On-chain analysts tied a sniper wallet from Kanye West’s YZY token launch to wallets behind the LIBRA token, revealing nearly $23 million in suspected insider profits across both launches. Nansen and Cyvers confirmed the overlap, suggesting a single operator or coordinated group orchestrated both plays.

The following is not an endorsement of any coin by CoinMarketCap, but rather to explain its appeal to meme coin traders:

Heaven, a new meme launchpad and AMM on Solana, recently launched its $LIGHT token, which continues to find new believers.

All of Heaven’s revenue programmatically repurchases $LIGHT in real time from the open market and then burns it.

Solana Memes

Bonk just rolled out extra degen juice—creators now farm swap fees on top of CTO rewards, stacking up to $10K per $10M volume.

Ethereum Memes

Ethereum’s meme coins took a breather in line with market conditions, as both Shiba Inu and Pepe are down this week.

BSC Memes

Wiki Cat pumped 92% this week, outshining the rest of BSC memes.

Base Memes

Base meme coins are bleeding, with Mog Coin on the receiving end after a 21% loss.

Sui Memes

MemeFi slides 7% amid a market slump.

Track your meme coin bags as market volatility reshapes positions.
Watch Grayscale’s Dogecoin ETF filing for signals of incoming liquidity.
Tune in to Jay Powell’s speech in Jackson Hole for clues on the Fed’s next rate path.

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