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Tag: Mew

  • Why Has The Solana Price Been In A Steady Downtrend Since January?

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    Solana’s price action this year has followed a clear but uncomfortable pattern. After pushing to a new all-time high around the $296 region in January, the rally quickly lost momentum and transitioned into a steady decline that has persisted for months. 

    Many traders have attributed this weakness to a risk-off sentiment across crypto, but a deeper on-chain breakdown shared by crypto analyst Ardi on X suggests the story began well before the January peak and has more to do with who was buying and who was quietly exiting.

    Distribution Was Already Underway Before The January Peak

    Solana has been on a clear downtrend since September, when it reached a lower high of around $247 compared to its January 19 all-time high of $293. One of the most important insights from Ardi’s analysis is that Solana’s January all-time high did not mark the start of distribution but rather the culmination of it. 

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    The chart attached to his post shows that selling volume was already increasing months earlier, well ahead of October, meaning that large holders were positioning for exits long before price reached its final peak. From that perspective, the January high looks less like the beginning of a new expansion phase and more like the last push of a rally. 

    Source: Chart from Ardi on X

    After that point, price action began forming lower highs, and each rebound attempt lacked the strength needed to reclaim the all-time high. Interestingly, Solana failed to reach a new all-time high, even as other large market cap cryptos like Bitcoin, Ethereum, XRP, and BNB pushed to new all-time highs during the year.

    Another interesting feature of the data is the widening gap between retail behavior and that of larger players. Cumulative delta metrics on the chart show that retail-sized wallets have been consistently active throughout the year and are increasing their activity even as Solana’s price moved lower.

    On the other hand, mid-sized and institutional wallets tell a very different story. Their activity has been trending downward for months, starting from the January peak and extending up until the time of writing.

    Is Solana’s Price Becoming Dependent On Memecoin Activity?

    Ardi’s analysis also raises a broader question about what is currently driving demand for Solana. Outside of retail activity on Solana itself, one of the few consistent sources of activity has been the memecoin sector. Successes and booms of meme coins like Cat in a Dogs World (MEW), Peanut the Squirrel (PNUT), and Fartcoin (FARTCOIN), which gained traction in the second half of 2024, contributed to Solana’s push to all-time highs during those periods.

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    Those meme coin successes culminated with the launch of the Official Trump ($TRUMP) token in January 2025 on Solana, which experienced eye-watering gains shortly after its launch. This, in turn, contributed to Solana’s all-time high in January. 

    However, since then, the TRUMP token and other Solana-based meme coins have been trending downwards in recent months and no longer command the same level of attention or trading intensity they had this time last year. That has led to the view that Solana’s price is increasingly sensitive to the success of memecoins in its ecosystem. 

    At the time of writing, Solana is trading at $121.50, down by about 58.6% from its January all-time high of $293.

    Solana
    SOL trading at $121 on the 1D chart | Source: SOLUSDT on Tradingview.com

    Featured image from iStock, chart from Tradingview.com

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    Scott Matherson

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  • Cat-themed tokens continue to surge as MEW leads the meme coin charts

    Cat-themed tokens continue to surge as MEW leads the meme coin charts

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    As Solana meme coins continue dominating the bull market, traders are shifting to a new niche of cat-themed tokens. 

    The meme coin market cap has increased by 9% today, reaching nearly $70 billion. Within this sector, the market cap of Solana meme coins has increased by over 20% today, exceeding $8 billion. 

    However, the top gainers in the meme coin market today are not the most popular tokens like DOGE, SHIB, BONK, or even WIF, which reached a new all-time high. Instead, it’s a new category of cat-themed tokens. 

    Cat in a Dogs World (MEW), one of the latest Solana-based cat meme tokens, rallied by 110% today after launching earlier this week. Within just 48 hours of trading, the token reached a $200 million market cap. 

    Lookonchain says several early traders have made millions with MEW, starting trading as low as 30 SOL. One trader turned a $6,000 investment into $530,000 in hours. The hype behind MEW seems to be shifting interests, as meme coins enthusiasts constantly look for the next promising presale in the bull market. 

    The rising interest in meme coins drives Solana’s market performance, as the altcoin gained nearly 70% in March. 


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    Mohammad Shahidullah

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  • Meet Regitube, The ‘Fake’ Pokémon Who’s A Hit Among Fans

    Meet Regitube, The ‘Fake’ Pokémon Who’s A Hit Among Fans

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    Fan-made Pokémon are nothing new, but the community seldom rallies around one like they have Regitube (or Regifloat, depending on who you ask). The hypothetical water-type Legendary Giant originated in a TikTok shitpost and has since become a legend within the Pokémon fandom, inspiring fan art, memes, and even modded in-game renders.

    For consistency’s sake, we’ll call this legendary king Regitube. The fake Pokémon’s origins started innocently enough. Back in August, The Tube Shack, a Canadian river tubing company, posted a TikTok of one of its employees creating what can perhaps best be described as a big suit of armor out of blue floating tubes. The video is silly and cute, but fans quickly pointed out that if you put the iconic dotted eyes of the Legendary Giants that debuted in Pokémon Ruby and Sapphire on it, the cartoonish blue figure looks like it could be one as well. The Tube Shack ran with the joke.

    The video has over 3.6 million views on TikTok, but it’s begun spreading to other platforms as well, where fan artists and modders have taken notice. Now, Pokémon fans are collectively building out this big guy’s lore, typing, moveset, and even its stats.

    Welcome to Exp. Share, Kotaku’s Pokémon column in which we dive deep to explore notable characters, urban legends, communities, and just plain weird quirks from throughout the Pokémon franchise.

    With all this attention comes fanart, and the Pokémon community works fast and still manages to come out with some incredible work. There are some realistic, modern-looking pieces, but some of the best art of Regitube is the stuff that harkens back to the series’ roots. The Ruby and Sapphire-style sprite below makes me think back to surfing around the Hoenn region, likely finding this big guy floating on the sea somewhere. I’ve never really had a steady water-type member for my team in Generation III’s games, so I’d catch Regitube and add him to my team, without question.

    While Regitube can only exist in our hearts and fan art, the Regis have become so prominent in Pokémon memes, especially on TikTok, that it makes perfect sense for one internet inside joke to spawn another one, complete with stats and lore. And hey, at least no one’s suggested we nerf the floating king by giving him a garbage ability like the one Regigigas is cursed with.

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    Kenneth Shepard

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  • All The Announcements Packed In Pokémon’s Big Event

    All The Announcements Packed In Pokémon’s Big Event

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    The Pokémon Company held a new Pokémon Presents showcase to talk about upcoming projects in the series. If you missed the show, you can catch the VOD right here, but if you just want to know the highlights, read on.

    Read more…

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    Kenneth Shepard

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  • Netflix’s Stop-Motion Pokémon Series Will Be Therapeutic For Fans, Says Actress

    Netflix’s Stop-Motion Pokémon Series Will Be Therapeutic For Fans, Says Actress

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    During an Anime Expo press junket for Netflix’s upcoming anime, Pokémon Concierge, actress Rena Nōnen, also known as Non, revealed what it was like working on the stop-motion anime series and how its warm animation style will make any fan wish Pokémon resorts were real.

    Pokémon Concierge follows a hardworking girl named Haru who works as a concierge at a resort where she shows hospitality to and fulfills the needs of weary Pokémon and their trainers. Pokémon Concierge also serves as the first collaboration between The Pokémon Company and the stop-motion studio Dwarf Animation.

    “I’m sure we’ve all [felt like] we are bombarded, under pressure, or that we don’t want to get up and keep doing what we’ve been doing and just give up. But when you see Pokémon Concierge, it’s really therapeutic and it makes you want to try and be the best you can be,” Non said. “I wish viewers will see Pokémon Concierge [and feel like] they can keep going.”

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    Learning how to voice act for a stop-motion anime series

    One significant experience Non went through while recording voice lines for Haru was being filmed while she was pantomiming the struggles and frustration Haru endures in the series so that her facial expressions and mannerisms could be utilized to animate Haru and give weight to her puppet’s performance.

    “Once I saw the finished scenes, they were very different from what you’d see in 2D, 3D, or CG animation. I was able to feel like ‘Oh, [stop motion] is also how you can enjoy Pokémon,” Non said. “When I saw [Haru] in action, I felt that it was totally believable and convincing.”

    Netflix

    Why Psyduck is the perfect companion for Pokémon Concierge

    Shedding some light on her character, Non said that Haru, who often overworks herself and places a lot of pressure on herself to meet others’ expectations, learns that it’s okay to make mistakes and to not be so hard on herself over the course of the series. She’s aided in that journey of personal growth by her companionship with Psyduck, the Pokémon she meets at her new job working at the resort.

    “When I was playing Pokémon games, Mewtwo was my favorite character. But when I started working on Pokémon Concierge, Psyduck in stop-motion animation… he’s just so adorable,” Non said. “Because he’s so cute he’s currently my favorite [Pokémon].”

    Photo: Kotaku / Isaiah Colbert

    Although Psyduck serves as Haru’s companion in the anime, Non assured fans that they’ll get to see other Pokémon as well throughout the series.

    Pokémon Concierge is slated to premiere on Netflix this December.


    Kotaku is covering everything at Anime Expo 2023, including big announcements at panels and exclusive one-on-one interviews with the industry’s biggest creators. Whether you’re a seasoned anime fan or a newbie, you can keep up with all things Anime Expo 2023 here.

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    Isaiah Colbert

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  • This Pokémon Has Billions Of Variations And It’s Breaking New Games

    This Pokémon Has Billions Of Variations And It’s Breaking New Games

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    Welcome to Exp. Share, Kotaku’s weekly Pokémon column in which we dive deep to explore notable characters, urban legends, communities, and just plain weird quirks from throughout the Pokémon franchise. This week, we’re looking at how Spinda, an unassuming critter from Generation III, went from a novelty to an apparent nuisance for The Pokémon Company to work with because of its multiple forms.


    27 years after Pokémon Red and Green, alternate forms and designs in Pokémon have become a mainstay in the series. From Shiny Pokémon to event ‘mons like the spiky-eared Pichu, most Pokémon can look a little bit different from their original versions. However, there is one Pokémon that has more forms than any other one else in the series, and that’s Spinda. Because of how its designed is determined, it can have somewhere around four billion different forms.

    Spinda is a normal-type Pokémon introduced in Ruby and Sapphire for the Game Boy Advance. While the swirly-eyed little bear seems mostly unremarkable on the surface, it has a gimmick in its appearance that’s resulted in its own a cult following within the Pokémon community. The character has a spot pattern on its coat that, similar to shiny odds, is entirely determined by background math that can give it up to four billion possible variations. It’s a mainstay of its Pokédex entries across the games, with several saying that no two Spinda have the same spot patterns.

    How does Spinda have so many forms?

    Spinda’s appearance is determined by its individual personality value, or encryption constant in more recent entries, which is a 32-bit integer ranging from zero to 4,294,967,295. This number is assigned the first time you meet a Pokémon in a save file, and where it lands determines the placement of its spots, as well as other things like gender and nature. On top of this, each of these variations could be Shiny, doubling its variations. This is a neat idea that has helped Spinda stand out among its third-generation contemporaries and has made it a centerpiece in its own Pokémon community.

    Because Spinda’s possible forms are so vast, communities such as the Spinda’s Cafe subreddit are dedicated to documenting every variation of its spot pattern. There’s even an in-browser app called Spinda Painter that lets you test different personality values and shiny possibilities to see the resulting spot patterns. While it’s a strictly cosmetic change, it’s the closest Pokémon has ever gotten to replicating how different real-world animal fur patterns can look from one another.

    Image: The Pokémon Company / Kotaku

    How has this affected Spinda in recent games?

    But that variation is why Spinda has been an issue for Game Freak and The Pokémon Company in terms of transferring the character and all its variants to future games. Pokémon Home, the app players use to transfer and store Pokémon between games, can’t transfer Spinda to and from Pokémon Go or Brilliant Diamond and Shining Pearl remakes because they’re inconsistent with how other games determine the character’s spot pattern. Pokémon Go only has nine predetermined patterns rather than the several billion found in most games, and the Diamond and Pearl remakes have a glitch associated with how it reads the numbers that determine Spinda’s forms. This means that the value these games assign to Spinda could result in a completely different spot pattern being assigned to the same Pokémon. As a result, Spinda is the only Pokémon obtainable in Brilliant Diamond and Shining Pearl that can’t be transferred to and from these games.

    While it’s unclear if these billions of possible designs are responsible, Spinda has notably not been obtainable in a new game since Game Freak retired the National Dex that allows players to transfer any and all old Pokémon to new games. Spinda was conspicuously absent from Sword and Shield and Scarlet and Violet. Given that The Pokémon Company is running into compatibility issues with Spinda on several fronts, it will be interesting to see if Spinda appears in a mainline Pokémon game ever again. But even if the dizzy bear doesn’t show up in a new Pokémon game any time soon, at least there are corners of the Pokémon fandom that are taking steps to ensure what makes it special isn’t forgotten.

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    Kenneth Shepard

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