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Apu Memecoin Soars, Reaching 11,600 Token Holders with Strong Community Support

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Phoenix, USA, May 27th, 2024, Chainwire

Apu Apustaja, a new memecoin making waves in the industry, has announced impressive support from its rapidly growing community, including over 11,650 coin holders and more than 13,000 Telegram channel members. Leading a revolution in the sector, which sees frog memecoins replacing dog-themed coins. Behind its sudden surge in popularity are a highly enthusiastic community and an expert development team.

Apu also announced it has purchased APU.COM, which will become its official website with an imminent move from the former Apu.community domain. The event marked an important milestone in the project’s development as the new, ultra-rare domain will help it surge in brand awareness, authenticity, and recognition.

Apu Apustaja is a popular internet meme that translates to “Help Helper” in English and originates from a Finnish imageboard. Those with lesser knowledge of meme characters may mistake Apu for Pepe, another famous frog meme that spurred the now highly popular memecoin, Pepecoin. While the two characters have similar designs, Apu bears evidently different features, including softer lines, a somewhat sad expression, and a childlike appearance. Some would say that Apu is to Pepe what Shib is to Doge.

Moreover, the project secured listings for the $APU coin on MEXC, Bitget, Bitmart, Gate.io, BingX, CoinEx, and LBank Exchange. The team notes a partnership with a market maker and also that they passed an audit with Metatrust. Now, the team is actively focusing on its marketing efforts and building Apu’s presence on social media and beyond. Since the project did not have a marketing-dedicated wallet, most of its brand-building marketing comes from Grassroots campaigning and community funding.

Other important achievements for Apu include launching The Book of Apu, a comprehensive story of the meme’s lore developed by the community. The project also published its official whitepaper.

The $APU coin has a total supply of 420.69 billion coins, with 82.79 billion already burned. The coin’s tokenomics model does not charge any BUY or SELL taxes and reserves 100% of the total supply for liquidity providers.

About Apu

Apu, also known as Helper, is a new memecoin project seeking to establish a standout presence in the increasingly competitive memecoin niche. Apu has no IP or copyright. The project is quickly developing a loyal fan base, including memecoin enthusiasts, investors, liquidity providers, and contributors. The team refers to this growing community as “frens” and pledges its commitment to a fair and transparent evolution for Apu.

Apu Coin has an ambitious four-phase roadmap ahead. In fact, the project has already completed the first phase, which included the project’s launch, DEX listings, reaching 1,000+ holders, and community takeover. Now, the project is in the second phase, which includes CEX listings, strategic partnerships, and boasting over 10,000 holders. In the future, Apu aims to release original merch, an NFT collection, and reach over 100,000 holders.

The $APU token is currently for sale on Uniswap, where interested buyers can purchase it for ETH simply by connecting their wallets.

Users can follow the project and stay up to date with its development at these links: Website | X (Twitter) | Telegram | Instagram

Apu is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Contact

Jim Jonestown
[email protected]





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Press Release

Rumors Suggest Solana Under Criminal Investigation: Bitlord

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  • Solana is reportedly under criminal investigation, according to Bitlord.
  • SOL was labeled a security by the SEC last year, raising legal concerns.
  • Details about the investigation and leading agency are still unclear.

Solana is reportedly under investigation, according to a renowned influencer on social media platform X. Details remain unclear.

SOL is among the crypto tokens that received “security” branding from the US Securities and Exchange Commission (SEC) last year.

Solana Allegedly Under Criminal Investigation

Renowned influencer Crypto Bitlord, boasting nearly 330,000 followers on X, highlighted rumors of a possible criminal investigation against Solana. The probe is reportedly already weeks long and could bode poorly for the altcoin.

“We are hearing rumors that SOL is under investigation and a huge case is about to become public. This has been brewing for weeks now and could not come at a worse time. If what we heard is true, start praying for Solana,” Bitlord noted.

The basis of the alleged investigation and the agency leading the probe remain unclear. However, there is speculation that it links to the SEC after labeling Solana as security. Polygon (MATIC) and Cardano (ADA) were also on the financial regulator’s list of tokens named as securities.

Along with the branding, the SEC sued Binance and Coinbase, charging them for trading unregistered securities. The essence of this lawsuit boiled down to the Howey Test, a legal framework that determines if an investment is a security. 

At the time, SEC chair Gary Gensler said that “everything other than Bitcoin” can be labeled as a security. 

Similar to Solana, Ethereum also attracted regulatory attention due to concerns about potentially being classified as an unregistered security. 

However, the recent closure of the investigation in Ethereum’s favor has restored investor confidence. In contrast, legal expert Drew Hinkes believes that Solana might not experience the same positive outcome.

“Ethereum 2.0 investigation was a win for the company but doesn’t mean much for other [Proof-of-Stake] POS tokens,” Hinkes noted.

The legal expert alludes to the remaining tokens still being on the hook. PoS coins like Solana and Polygon have presumably not been investigated, as in the case of Ethereum 2.0. 

As such, their facts regarding creation and distribution, among other parameters, could be different from those of Ethereum.





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Press Release

Did Jason Derulo Pump and Dump PUMP Token

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  • Jason Derulo’s post boosts interest in PUMP token despite a 2.81% drop, highlighting vigorous trading activity.
  • PUMP token shows a bullish trend with higher highs and sustained interest, driven by significant trading volume spikes.
  • Support at $0.002500 and resistance at $0.004000 mark crucial levels for PUMP token amidst short-term volatility and consolidation.

Jason Derulo’s recent tweet mentioning “pumpdotfun” has coincided with a surge in trading activity for the PUMP token, despite a slight price dip in the past 24 hours.

PUMP’s price stands at $0.182558, reflecting a 2.81% decline. However, despite this drop, the token’s trading activity remained strong.

The candlestick chart for the JASON/SOL trading pair on the Raydium platform, provided by Dexscreener.com, offers interesting insights. 

At a 15-minute interval, the chart displays notable price movements and trading volumes. Green candles indicate price increases, while red candles signify price decreases. 

The volume bars at the chart’s bottom depict the number of transactions within each 15-minute interval, with a total of 17.458K trades.

In the most recent trading session, key price levels were recorded as follows: Opening Price (O): 0.002638, High Price (H): 0.002771, Low Price (L): 0.002658, and Closing Price (C): 0.002675. 

This data shows a price change of 0.00003699, equivalent to a 1.40% increase. A significant price spike occurred around the 6:00 mark.

During this period, the price surged from approximately 0.002000 to around 0.004000. Following this spike, the price showed some volatility but remained higher than the pre-spike prices. 

This indicates a possible bullish trend in the short term. However, the recent pullback suggests potential consolidation or a short-term correction.

Moreover, volume analysis reveals a notable increase in trading activity leading up to and during the price spike. This surge in volume suggests heightened interest, possibly driven by news or significant buys. 

Although the volume slightly decreased post-spike, it remained elevated compared to the pre-spike period. This sustained interest hints at continued market engagement with this trading pair.

Regarding support and resistance levels, the chart indicates support around 0.002500. Multiple candlesticks found a base near this level post-spike, suggesting a strong support zone. Conversely, resistance is identified around 0.004000, where the price peaked before retracting.

The short-term trend for the JASON/SOL trading pair appears bullish. The chart shows higher highs and higher lows following the initial spike. 

However, the recent pullback indicates a potential short-term correction or consolidation phase.





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Press Release

SHIB, DOGE, PEPE Crash Market Downturn Escalates

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 Meme coins are tumbling alongside the rest of the market. Some of them, however, are defying the broader decline.

It’s been a rough 24 hours for the entire cryptocurrency market, and meme coins are absolutely no exception. This highly polarizing category has declined by about 7% altogether, following what seems to be an ongoing decline of the entire crypto market.

Meme Coins Bloodbath

The entire category of meme coins dropped by about 7% throughout the past day. Naturally, some lost more than others.

The larger-cap altcoins are performing as follows:

  • DOGE -4.7%
  • SHIB -6.4%
  • PEPE -5.8%
  • FLOKI -4.2%
  • BRETT -9.1%
  • BONK -2.8%
  • BOME -6.1%

Small-cap meme coins have charted even more considerable losses. For instance, RYU is down 79% in the past 24 hours, while MUMU and ANDY lost about 25%.

SHIB Price Chart | Source: Coinstats

 

On the other hand, the trending meme coin BODEN managed to increase by about 10.6% compared to its price 24 hours ago, which is somewhat of an outlier in the market right now.

Broader Market Decline

Bitcoin is now trading below $61K – for the first time since May 13th. 

The reason for this decline is likely the fact that the Mt. Gox exchange issued a note, which said that the trustee is ready to start paying creditors as per the rehabilitation plan as early as July.

The entire market tumbled in response, with red being the only color seen on the heatmaps today.

DOGE Price Chart | Source: Coinstats

 

The downturn has resulted in $315 million worth of leveraged positions liquidated in the past 24 hours, with BTC accounting for about $130 million of that. The second is Ethereum, with $72M.

ETH is currently trading below $3.3K, and it appears that the bears are now targeting $3K as the first imminent level of support.

Bitcoin, on the other hand, faces support at $60K, which is also a very important psychological level. If the bears are able to break it to the downside, though, the next level to watch is located around $58K.



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