The crypto market has been on a rollercoaster ride over the past few weeks. Increased US regulation and scrutiny have had a major impact on the market, and Coinbase has become the most recent target of regulatory pressure. Uniswap has overtaken Coinbase by trading volume for two months running following increased regulatory scrutiny.
With this market volatility, crypto communities wonder whether the bear market is continuing or if this is the maximum fear before the bull run begins. Unfazed by the chaos of the market, the new meme coin Big Eyes Coin (BIG) has been experiencing an impressive presale run and has raised over $34.4 million thanks to strong community support.
Could Coinbase crash?
Coinbase is a top crypto exchange platform offering users a secure online platform for buying, selling, transferring, and storing crypto. With over 250 cryptocurrencies on Coinbase, it’s a top choice for new and seasoned investors. However, after being hit with a Wells notice from the US Securities and Exchange Commission (SEC) last month, Coinbase became the latest target of the regulatory war on crypto. Coinbase’s stock tumbled following this news after falling more than 80% in the crypto winter. While Bitcoin (BTC) is now rallying again, Coinbase continues to suffer a drop in trading volumes.
Coinbase has now raised the stakes in its battle with the SEC and has launched its own legal action, suing the SEC in an attempt to force them to provide regulatory clarity for crypto.
Uniswap overtakes Coinbase
Uniswap has overtaken Coinbase’s trading volume following Coinbase’s crash in trading volume. In March, Uniswap facilitated almost $69 billion in trading volume compared to Coinbase’s $49 billion, proving its position in the decentralized market. This marked the second month that Uniswap outperformed Coinbase.
Uniswap’s trading volume has been increasing since the start of the year. The regulatory clampdown in the US and the banking crisis after the collapse of Silicon Valley Bank triggered an influx of activity in decentralized exchanges at the start of the year. This pushed Uniswap’s activity as investors went to the platform to exchange digital assets.
Big Eyes Coin makes a big impact
As crypto communities worry about an impending Coinbase crash, Big Eyes Coin has performed well as we move into the altcoin season. Big Eyes Coin is a new meme coin that has made a big impression for its utility, tokenomics, and revolutionary approach to crypto.
Big Eyes Coin (BIG) is completely community-driven, and users will be able to participate in key decisions on the project’s direction by voting and making proposals. The user-friendly platform will also help to make crypto accessible with tutorials and how-tos to guide the experience.
The project will also hold regular NFT drops, and these cute cat NFTs will bring joy to the community and more value to the token. Users can also get their hands on Big Eyes Coin loot boxes which contain randomized prizes of BIG tokens and cute cat cards, which users can mint as NFTs.
With the community in mind, Big Eyes Coin has offered many rewards and bonuses throughout the presale. As they prepare to end presale on June 3rd, the team offers an incredible 300% bonus when users use the code END300 with their BIG purchase.
Big Eyes Coin has continued to make a big impact as investors anticipate meme coin season. With an emphasis on meme coin utility, Big Eyes Coin is predicted to continue its success and could surpass other meme coins. Coinbase’s crash could have a big impact on Big Eyes Coin as it is one of the top crypto exchanges and could expose more investors to Big Eyes Coin as it has a 110 million strong user base. Coinbase’s counter-legal activity to the SEC could bring clearer regulatory clarity to the crypto industry, which could also improve Big Eyes Coin users’ experience.
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