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How DEXs Are Shaping Crypto’s Viral Tokens

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Decentralized exchanges (DEX) like Raydium, Orca, and the newly launched PumpSwap have become the center of the meme coin storm thanks to fast transactions, low fees, and easy accessibility.

Meme coins have become an undeniable phenomenon in the crypto market. But is this a golden investment opportunity or just a bubble waiting to burst?

Will DEXs Be a Fertile Ground for Meme Coins?

DEXs have changed the ways meme coins are created and traded, especially on Solana—a blockchain renowned for handling over 65,000 transactions per second with fees of just a few cents. The launch of PumpSwap, the new DEX from token launchpad Pump.fun, is evidence of this trend.

Earlier, tokens from Pump.fun had to pay 6 SOL before being transferred to Raydium for trading. However, PumpSwap has eliminated this fee, allowing tokens to be traded immediately within its ecosystem. This reduces costs and retains liquidity within the Pump.fun ecosystem, fostering a stronger environment for meme coin growth.

Raydium has also now come up with meme coin launchpad LaunchLab to compete with Pump.fun.

Additionally, PumpSwap and other DEXs have adopted an Automated Market Maker (AMM) model similar to Uniswap v4 and Raydium v4, offering low trading fees (0.25%) and eliminating the need for liquidity pool creation fees. This encourages users to create new tokens with minimal costs and start trading instantly.

PumpFun accounts for the majority of tokens launched on Solana. Source: Dune
PumpFun accounts for the majority of tokens launched on Solana. Source: Dune

The developments have fueled an explosion of thousands of new meme coins each week. Dune data shows that over 8.7 million tokens have been created on Pump.fun. Since its launch, Pump.fun has averaged over 621,000 new tokens per month. The tokens from Pump.fun accounted for 61% of the tokens launched on Solana. 

Moreover, PumpSwap also promises to share revenue with token creators, further incentivizing new projects and communities. Tools like Phantom Wallet make it easier for users to access DEXs, increasing liquidity and trading volume.

Total DEX volume as of March 21, 2025. Source: DefiLlama
Total DEX volume as of March 21, 2025. Source: DefiLlama

With a total trading volume reaching $563 billion in January 2025, DEXs are facilitating meme coin trade and serving as a bridge to integrate them into the broader financial ecosystem.

BNB Chain dominates the DEX market, surpassing 30% market share and leading in trading volume and fees since March 15.

The Dark Side of Meme Coins—Rug Pulls and Volatility

The boom in meme coins on DEXs also comes with significant risks. Firstly, most meme coins lack intrinsic value and rely entirely on crowd FOMO and viral social media campaigns. When the hype fades, many tokens experience catastrophic crashes.

LIBRA, a Solana-based meme coin, once reached a market cap of hundreds of millions of dollars but nearly collapsed to zero after a massive crash in February 2025. During the same month, Solana’s meme coin trading volume plummeted from $206 billion to $99.5 billion, indicating a potential downturn in this trend.

Secondly, with such low token creation costs, Pump.fun and similar platforms have become a haven for scammers. “Rug pulls”—where developers drain liquidity and disappear—are increasingly common, eroding investor trust.

Lastly, regulatory pressures pose a major threat. As authorities tighten control over cryptocurrencies, DEXs and meme coins could face severe consequences.

DEXs like PumpSwap, Raydium, and Jupiter have been crucial in fueling the meme coins craze. PumpSwap could mark a turning point, helping meme coins on Solana recover after a period of decline. However, it remains a highly volatile space where the bubble could burst at any moment without thorough research and clear strategies.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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BlackRock Expands Bitcoin ETPs to Europe After US ETF Success

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BlackRock, the world’s largest asset manager, is launching its first Bitcoin ETP (exchange-traded product) in Europe, expanding its presence in the crypto investment space.

This move follows the success of its US-listed spot Bitcoin ETF, the iShares Bitcoin Trust (IBIT), which has accumulated $50.6 billion in assets under management (AUM).

BlackRock to List Bitcoin ETP in Europe

The new iShares Bitcoin ETP will be available for trading on Xetra and Euronext Paris under the ticker IB1T and on Euronext Amsterdam as BTCN.

The expansion into Europe marks BlackRock’s first crypto-backed ETP offering outside North America. This suggests growing institutional interest in digital assets.

To encourage early adoption, BlackRock is offering a temporary fee waiver, reducing the expense ratio of the ETP to 0.15% until the end of the year. This makes the product one of the most cost-effective Bitcoin ETPs in the European market. It could attract both retail and institutional investors looking for exposure to digital assets at a competitive price.

Europe has been a pioneer in crypto ETPs, with over 160 digital asset-tracking products available. However, its overall market size remains relatively small compared to the US.

Bloomberg ETF analyst Eric Balchunas pointed out that US spot Bitcoin ETFs dominate the global market. Specifically, the US holds approximately 91% of total assets despite being introduced only a year ago.

“Europe barely on leaderboard of spot bitcoin ETFs by size. US spot ETFs only year old and have 91% share of world,” Balchunas said in a February post.

Balchunas also noted that Europe has struggled to compete with the US in terms of liquidity and cost efficiency. He speculated that BlackRock’s entry into the European market could provide a significant boost. Specifically, the asset manager could replicate the cost-effectiveness and trading volume seen in the US.

“If BlackRock brings even some of the US Terrordome over there, it should see success, although Europeans are generally less into ‘hot sauce’ than US and certain Asian investors,” he added.

Notwithstanding, BlackRock’s Bitcoin ETP in Europe is a game-changer for institutional adoption. As access broadens, it could increase BTC demand.

BTC Price Performance
BTC Price Performance. Source: BeInCrypto

Despite the news, however, the impact on Bitcoin’s price remains muted. BTC was down by 0.55% in the last 24 hours. As of this writing, Bitcoin was trading for $86,601.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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XRP Price Consolidates—Breakout Incoming or More Choppy Moves?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.



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Will the Treasury Reimpose Sanctions Against Tornado Cash?

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The US Treasury recently lifted its sanctions on Tornado Cash, the controversial cryptocurrency mixer blocked over allegations of facilitating North Korean money laundering.

While this reversal marked a significant development, Coinbase’s Chief Legal Officer Paul Grewal warns that the move does not guarantee long-term freedom for Tornado Cash. Based on his opinion as a legal expert, the US Treasury left the door open for imposing similar restrictions in the future.

Paul Grewal Says Future Sanctions Still a Possibility

The decision to delist Tornado Cash follows months of legal battles and criticism from the crypto community. The Treasury’s original sanctions accused the mixing service of enabling illicit transactions, particularly those tied to North Korea’s hacking groups.

However, legal challenges led to increased scrutiny of the Treasury’s actions, ultimately prompting it to remove the restrictions. Despite this, Grewal argues that the Treasury’s actions attempt to bypass the court’s authority rather than a genuine acknowledgment of wrongdoing.

He believes the reversal does not prevent the government from re-imposing sanctions whenever it sees fit.

“Power does not recede voluntarily. It gasps and it gasps until it no longer can,” Grewal wrote.

Grewal contends that the Treasury’s withdrawal does not legally nullify existing claims. He cites the voluntary cessation doctrine—a defendant’s decision to end a challenged practice does not necessarily moot a case unless it is proven that the practice will not be reinstated.

The Coinbase exchange executive referenced past legal cases, including Friends of the Earth, Inc. v. Laidlaw Environmental Services (TOC), Inc. In this case, the Supreme Court ruled that a voluntary withdrawal does not eliminate the possibility of future enforcement.

Grewal also cited FBI v. Fikre, where the court held that the FBI’s removal of a plaintiff from the No Fly List did not moot a case. As it happened, there was no assurance the plaintiff would not be relisted.

These legal precedents demonstrate why the Treasury’s move to lift Tornado Cash sanctions does not guarantee lasting protection.

“Here, Treasury has likewise removed the Tornado Cash entities from the SDN, but has provided no assurance that it will not re-list Tornado Cash again,” Grewal argued.

 Push for a clear judicial ruling in the Tornado Cash case
Push for a clear judicial ruling in the Tornado Cash case. Source: Court filing

Coinbase CLO Calls for a Final Court Ruling

Based on this, Grewal is urging the district court to take decisive action to prevent potential Treasury overreach. He insists that the court must grant the plaintiffs’ motion for partial summary judgment, which means formally invalidating the Treasury’s designation of Tornado Cash as a sanctioned entity.

“The US Treasury’s response to the unambiguous mandate of the Fifth Circuit on Tornado Cash has been a study in chaos. It is time for the district court to do what was ordered months ago. Plaintiffs’ motion for partial summary judgment on Count 1 must be granted, and TC’s designation must be held unlawful and set aside,” Grewal articulated.

The removal of sanctions is a positive step for Tornado Cash users and the broader crypto community. However, the risk of renewed regulatory action looms large. The legal battle may not be over yet, and the case outcome could set a significant precedent for decentralized finance (DeFi) platforms and privacy-focused technologies.

Grewal and other industry advocates continue to push for a clear judicial ruling. The core objective is to prevent the Treasury from arbitrarily sanctioning Tornado Cash again. Until such a ruling is secured, Tornado Cash remains uncertain legal territory.

“Yes we see this often with the 2a [Second Amendment litigation], they either drop the case or try to settle it so they don’t get a precedent they don’t want set,” Badbrothers, a popular account on X, added.

Badbrothers on X suggests a pattern where government agencies strategically avoid judicial rulings that could limit their authority.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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