Magic Eden Acquires Slingshot Memecoin App
The acquisition extends Magic Eden's strategic move beyond NFTs into broader 'crypto entertainment,' with token trading and packs as core verticals.
Jordan Kim//Apr 15, 2025//5m
Found 4 results for “memecoin”
The acquisition extends Magic Eden's strategic move beyond NFTs into broader 'crypto entertainment,' with token trading and packs as core verticals.
Memecoin trading volume on Solana drove network priority-fee revenue to all-time highs, with implications for validator economics and stake yields.
Pretending that anonymously-launched joke tokens are software products is a regulatory fiction that has cost retail traders billions.
The launchpad's nine-figure revenue is impressive and almost entirely dependent on a single procyclical activity that historically goes to zero in downturns.