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Move over dogecoin? Memecoins — a hyper-speculative, ultra-volatile and somewhat peculiar class of crypto — are back in the spotlight after the latest digital token hit the market with stratospheric gains. Pepe, a coin inspired by an anthropomorphised frog popular in internet memes, leapt nearly 7,000 per cent in the 17 days after its April 16 launch, hitting a market...
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‘Memecoins’ are back in the spotlight
Memecoins are back in the spotlight after the latest digital token hit the market with stratospheric gains.
The company disclosed exclusively that Kaito, an AI-powered search engine for cryptocurrencies, raised $5.3 million in a seed round led by Dragonfly Capital. According to Yu Hu, the founder and CEO of Kaito, “there are people fighting against information overload all the time.” “We are reducing the time it takes to find answers from 30 …