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Plus Wallet: The Best Hot Crypto Wallet For Earning Passive Income

Oct 23, 2024 am 07:06 AM
Memecoin Solana Coinbase Wallet Plus Wallet

With Solana's meme coin boom adding fresh excitement to the market, crypto users are looking for wallets that offer more than just storage.

Plus Wallet: The Best Hot Crypto Wallet For Earning Passive Income

Solana's meme coin activity surged once again on October 14, with over 25,400 meme coins being minted on the Pumpfun platform in just 24 hours, setting a new record for the platform. This activity is largely driven by the ease and speed with which tokens can be launched on Solana, making it a popular choice for meme coin enthusiasts.

Coinbase is making a strategic move by integrating its Coinbase Wallet with a new feature that will allow users to get paid directly in crypto. This move comes as Coinbase is phasing out its Paycheck Direct Deposit service, which allowed customers to allocate a portion of their paycheck to be deposited directly into their Coinbase account in a crypto asset of their choice.

The service, which was launched in November 2023, is being discontinued starting November 25, 2024, to make way for the new direct crypto paycheck integration. This new feature will be rolling out over the next few months.

Solana's meme coin activity surged again on Friday, with more than 25,000 meme coins being minted on the Pumpfun platform in just 24 hours, setting a new record for the platform.

This activity is largely driven by the ease and speed with which tokens can be launched on Solana, making it a popular choice for meme coin enthusiasts.

However, only a fraction of these coins—less than 1%—have made it to listings on platforms like Raydium, Solana's decentralized exchange. This disparity highlights the competitive nature of the Solana ecosystem and the challenges faced by new projects in gaining visibility and liquidity.

Despite these hurdles, Solana's status as a hub for meme coin activity is undeniable, and this trend is expected to continue as the platform's popularity grows among crypto enthusiasts.

Coinbase is offering a new way for users to get paid directly in crypto, but some are disappointed by the discontinuation of its direct deposit feature.

This service, which allowed customers to allocate a portion of their paycheck to be deposited directly into their Coinbase account in a crypto asset of their choice, is being phased out to make way for a new integration with Coinbase Wallet.

This new feature will allow users to get paid directly into their Coinbase Wallet, offering a more immediate and on-chain experience compared to the Paycheck Direct Deposit service.

However, this change will come with a delay in service, as users will no longer be able to receive crypto paychecks directly through Coinbase starting November 25,

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