Crypto Roundup: Super Sushi Samurai Token Exploited, Avalanche Meme Coin Rush, and Promising Memecoins Identified

By: Eliza Bennet

The crypto world witnessed quite a few stirring incidents recently. A bug in the gaming token, Super Sushi Samurai, on the Blast network led to an exploit causing the theft of nearly $4.6 million worth of Ethereum. The hacker capitalised on a loophole within the platforms _update() function to inflate the token quantity to 11.5 trillion. This severe exploit triggered an approximately 99% slippage in the Super Shushi Samurai’s value. The team assured its community of attempts to recover the funds and address the security vulnerability.

Moving to the Avalanche Foundation, the entity has announced rewards to boost meme coins like Kimbo, Coq Inu, and Gecko, capitalising on the soaring trend of meme coins. The reward plan will likely stimulate more trading of these coins.

On the meme coin market side, crypto analyst Xremlin (@0x_gremlin), with nearly 100K followers, identified Base as the rising hub for meme coin enthusiasts and investors. He released a list of promising coins including TOSHI, DEGEN, DOGINME, MOCHI, PONCHO, TYBG, BRIUN, and ELONRWA. TOSHI, for instance, saw a 210% uptick in the last three weeks, reaching a trading price of $0.000321653.

While the excitement around the meme coin market escalates, the expert also emphasised the high-risk factor related to investing in memes, urging investors to bet only what they can afford to lose.