# Degens Embrace the Memechain

*Author: Bankless*
*Published: Apr 1, 2024*
*Source: https://www.bankless.com/fr/read/degens-embrace-the-memechain-2*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/04/Frame-50474--12-.png)](https://www.bankless.com/sponsor/kraken-1682978636?ref=david-hoffman-solana-vp-decentralization&email=true)

  

   Degens Embrace the Memechain
  

  
  Published on Apr 1, 2024

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.  .  .

 
  
    
      
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      NEED TO KNOW
    
    
  
  
    
  Tron Moves to Dismiss
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/04/Group-14--68-.png)](https://www.bankless.com/dashboard)- **🛑 Tron wants SEC case dismissed. **Tron's legal team [wants a judge to dismiss the SEC's case](https://t.co/vIM5Pmosq8), which accuses them of illegal securities sales, fraud, and market manipulation.
- 💰 **FTX payments by end of year. **FTX isn't returning the full value of lost crypto to users, but they'll start redemptions to some users [by the end of the year](https://www.theblock.co/post/285800/ftx-bankruptcy-estate-aiming-to-begin-repaying-creditors-by-the-end-of-2024?utm_source=twitter&utm_medium=social).
- 3️⃣ **L3 Fever? **Degen's L3 chain is taking off but not everyone is happy, with [Polygon Labs CEO saying](https://twitter.com/0xMarcB/status/1774551016937324949?s=20) L3s "exist only to take value away from Ethereum."

.  .  .

 
  
    
      
      TODAY IN MARKETS
    
    
  
  
    
    Degens Embrace the Memechain
  
  

  

 
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/04/image---2024-04-01T154136.363.png)](https://www.bankless.com/degens-embrace-the-memechain)**📊 Culture, Catalysts & Coinbase.** Memecoin DEGEN roared to life last month as Base Season accelerated, with holders bagging 4,000% returns during March. *What catalysts propelled DEGEN to a unicorn valuation, and can this coin continue to run?*

[Read More Free on Bankless.com](https://www.bankless.com/degens-embrace-the-memechain)

Prices as of 4pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.61T
       

  
    
    ↘ 2.8%
    
  

   
    
    ↘ 2.2%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $69,641
       

  
    
    ↘ 1.7%
    
  

   
    
    ↘ 1.8%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $3,485
       

  
    
    ↘ 4.1%
    
  

   
    
    ↘ 4.0%
    
  

  

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    SPECIAL ANNOUNCEMENT

  
  
    
   
David Joins Solana
  
  
   
     
   
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/04/image---2024-04-01T154259.872.png)](https://www.bankless.com/david-hoffman-solana-vp-decentralization)*BROOKLYN, New York — *Bankless co-owner David Hoffman has announced his resignation from Bankless, effective immediately, in order to take a full-time position at the Solana Foundation as its first “*VP of Decentralization.*”

“I just really want to help Solana decentralize,” said Hoffman in a tweet announcing his new role. “This goes beyond Nakamoto coefficients for me; this is about actually making a difference. Anybody with a data center should be able to run a Solana validator.”

*Read more on David's big move *👇

[Read the Full Rundown](https://www.bankless.com/david-hoffman-solana-vp-decentralization)
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