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ai16z Meteors to $2 Billion Market Cap: Meme Coin Surge Amid Market Red

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CRYPTOCURRENCY NEWS Notícia

Ai16z,Meme Coins,Crypto Market

Meme cryptocurrencies are defying the overall market downturn, with ai16z (AI16Z) skyrocketing to a $2 billion market cap and Pepe (PEPE) posting double-digit gains. The rapid ascent of ai16z has sparked discussions about potential trademark infringement, despite the team's assurances of maintaining contact with Andreessen Horowitz.

While the cryptocurrency market benchmark is in red, some meme cryptocurrencies are posting notable gains. ai16z (AI16Z), a sensation of Q4 2024, hit a $2 billion capitalization milestone and exploded into the top 70 biggest altcoins.ai16z (AI16Z) is the best daily performer in the top 100 today. After a mind-blowing 43% rally, its cap exceeds $2 billion in equivalent.In the last 24 hours, the project, initially introduced on Solana's meme coin launcher Pump.

fun, also registered a spike in trading volume. In the last seven days, the token added over 150% amid dominating market apathy and meme coin segment plunge.Shiba Inu (SHIB) Burn Rate Makes Epic Comeback, But There's a CatchAs of press time, ai16z (AI16Z) is changing hands at $1.85 on Gate.io and KuCoin, the first two major CEXes to list the new meme coin major.Pepe (PEPE) is another top-league meme coin posting double-digit gains on Dec. 31, 2024. The crypto is up by 18%. Pepe (PEPE) returns to the top 25 largest cryptocurrencies. PEPE reached $0.00002077 in USDT pairs on the top spot exchanges.While ai16z (AI16Z) is in no way associated with Andreessen Horowitz, the token reaching an enormous capitalization triggered the discussion about the potential abuse of intellectual property. Veteran investor Haseeb Qureshi, managing partner of Dragonfly Capital VC firm, raised his concerns as the team of the parody coin announced its new roadmap with L1 launch ambitions.not violate a16z's trademark? It felt originally like a parody but now seems like it's become a more legitimate project with a more aggressive roadmap.that they remain in touch with the c-level officers of the U.S. investing mogul and are not worried about potential trademark issues. Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only

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