As the meme coin field expands, Crypto All-Stars brings something entirely new to the space.

It’s currently undergoing a presale where it has raised $2.5 million so far.

Crypto All-Stars ($STARS) is building the world’s first unified staking protocol for meme coins, allowing users to generate passive income on a number of prominent joke tokens.

$STARS raises $2.5M, while some investors let go of DOGE, SHIB for bigger returns

Crypto All-Stars is bringing utility to the meme coin sector, and it all starts in the presale.

The presale is accepting payments in Dogecoin, Shiba Inu, Pepe, and Floki, in addition to commonly accepted cryptos like ETH and BNB. Investors can even buy $STARS with a card.

It makes buying easy, so that’s precisely what investors are doing.

The presale has raised $2.5 million so far, showing huge market demand.

Not just that, investors can also stake their $STARS tokens amid the presale, and over 1.2 billion $STARS have already been staked.

And amongst all the hype, prominent meme coin traders are pivoting to Crypto All-Stars.

For instance, ClayBro, a prominent Shiba Inu community member with 130K subscribers on YouTube, hails Crypto All-Stars as “one of the easiest ways to accumulate Shiba Inu.”

But why is that? Let’s get into it.

Crypto All-Stars is the staking app that could revolutionize meme coins

In the past year, Pepe has soared 1,361%, Mog Coin has pumped 7,434, and it’s the same story for a lot of other meme coins.

Imagine if you bought these projects one year ago, and as the prices went up, you were also generating passive rewards and compounding your gains. The results would be off the charts. And that’s exactly what Crypto All-Stars is enabling.

The platform supports 11 of the top meme coins, including Dogecoin, Shiba Inu, Pepe, Mog Coin, Bonk, and Floki. It also says it will add support for more later.

Users can stake their meme coins inside the project’s “MemeVault,” which is a smart contract powered by Ethereum’s ERC-1155 multi-token standard.

In return, stakes earn $STARS tokens. But here’s the kicker: they must hold $STARS to access the platform, and their rewards are proportional to how much they have.

It’s a concept that strategically captures the project’s value inside the token, with $STARS being a cost to entry for the 11 meme coin communities that might be interested in the platform.

According to its website, 20% of the total token supply is allocated to the presale, 25% to presale staking, 25% to MemeVault staking, 20% to marketing, and 10% to exchange liquidity.

What can we expect after the Crypto All-Stars presale ends?

The presale is off to a strong start, which indicates that we could see continued growth once $STARS launches on the open market.

Moreover, the MemeVault will launch after the presale, opening $STARS to a new utility-driven demand stream that could raise its price.

The team is keeping its cards close to its chest about where it will be listed, although it does mention “CEX liquidity” on its tokenomics page.

With that, we can expect centralized exchange listings to follow the exchange launch, and considering the market’s interest, there is a chance it could get listed on big ones like Binance or Coinbase.

Currently, investors can get $STARS at presale for $0.0015127. However, this price will rise throughout the ICO, with the next increase later today.

To check the presale, investors can visit the project’s website. To participate, they would need to connect their wallets and choose the amount they want to buy and the crypto they want to pay with.

Visit Crypto All-Stars Presale

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In recent weeks, Pump.fun, the popular Solana-based platform for launching meme coins, has been consistently selling large volumes of SOL.

According to the latest findings by Lookonchain, the Fee Account of Pump.fun, sold an additional 40,000 SOL, worth around $6.68 million, on October 2nd. The sale has prompted speculation about its broader market impact. Shortly after the development, SOL’s price briefly faced a drawdown to $163 before climbing back up to the press time price of $166.

Pump.fun’s $6.68 Million Sale

Lookonchain revealed that Pump.fun has generated a total revenue of 969,945 SOL so far, which is worth around $162 million. This figure comes after selling 503,343 SOL, valued at $78.7 million, at an average price of $156.4. This positioned Pump.fun as one of the most profitable protocols of the year, capitalizing on the meme coin trend and leveraging Solana’s ecosystem to drive significant revenue through its fee structure.

Since its launch in January, Pump.fun has generated over 2.5 million Solana tokens. In the process, the platform has managed to amass $140 million in fees. During a recent Twitter Spaces event, the team unveiled a trading bot and hinted at launching a token with a possible airdrop following their most successful week. They also teased Pump Advanced, a trading terminal designed to compete with popular tools like Photon and Bull X.

Weighing on the upcoming token launch and a potential airdrop, Sapijiju, one of the project’s pseudonymous co-founders, said,

“We are definitely planning on launching a token at some point in the future. I’m not going to say when that’s all to come. Our airdrop, no guarantees here, will probably be a lot more lucrative than anyone else in the space.”

Pump.fun’s Dual Struggle: Insider Exploit; Tron-Based Threat

Initially, Pump.fun charged users $7 worth of SOL for token creation, but in August, they removed this fee and introduced an incentive for developers. Now, developers who create successful tokens – those that achieve a certain market cap – are rewarded with 0.5 SOL. This measure has aided in Pump.fun’s explosive growth.

The Solana-based platform is also behind some of the most popular meme coins of the year, such as Moo Deng (MOODENG).

Despite its success, Pump.fun faced a major setback in May when a former employee exploited their position to gain access to “withdraw authority,” misappropriating around 12,300 SOL, approximately $1.9 million at the time. Another setback occurred when token deployment numbers dropped after competition from Tron-based SunPump, though figures have since rebounded.

Ethereum’s recent rejection at the key resistance region of the 100-day MA level suggests a false breakout and a potential short-term correction.

However, a break above this threshold could trigger a bullish surge toward $3K. The price is expected to consolidate, with $2.4K as a critical support level.

Technical Analysis

By Shayan

The Daily Chart

Ethereum has recently seen a notable increase in demand and bullish momentum, causing the asset to test and slightly breach the decisive resistance region formed by the 100-day moving average at $2.7K and the inverted head and shoulders neckline at $2.6K. Despite this brief breach, ETH quickly faced rejection due to significant supply at this level, causing the price to plummet below the 100-day MA.

This false breakout hints at a bull trap, signalling a potential period of descending consolidation correction in the short term. Ethereum is trading between the 100-day MA and the $2.5K support region, with a breakout above this resistance likely to signal a sustained bullish trend.

The 4-Hour Chart

On the 4-hour chart, Ethereum surged toward the critical resistance zone bounded by the 0.5 ($2.6K) and 0.618 ($2.7K) Fibonacci retracement levels, representing a significant barrier for buyers. A breakout above this range could lead to massive short liquidations and a further price rally. However, the recent price action indicates intense selling pressure near this area, resulting in a rejection and a halt in bullish momentum.

If this selling pressure persists, Ethereum will likely enter a period of mid-term consolidation correction, targeting the lower boundary of the flag pattern around the $2.4K threshold. Conversely, if buying pressure resurges and the price breaks through the $2.7K resistance, the next target will likely be the $3K substantial resistance, which also coincides with the 200-day moving average.

Onchain Analysis

By Shayan

The Estimated Leverage Ratio is an essential metric for gauging the risk participants in the futures market are willing to take by using leverage. A rising ELR typically signals an increase in leveraged positions, which can amplify market moves in either direction.

The metric has increased over the last few months, coinciding with an overall price downtrend. This suggests that more traders are opening high-leverage short positions, betting on further price declines for Ethereum. The market appears bearish on ETH’s upcoming prospects, with many expecting further downside.

With leverage at concerning levels, the futures market is now considered overheated. This leaves Ethereum vulnerable to a potential short-squeeze event.

In such a scenario, if ETH rises unexpectedly, traders with short positions could be forced to cover their positions by buying back ETH, creating an impulsive price spike. The 100-day moving average at $2.7K is a key resistance level. A breakout above this level would likely lead to massive short liquidations, increasing ETH’s price.