Walrus blob · mainnet
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Gladwin</span></a></span></p><div style="display:flex;flex-direction:row;align-items:center"><p style="font-size:14px;margin:5px 0px">5 min read</p><div style="height:4px;width:4px;background-color:#333;border-radius:50%;margin:0 11px"></div><p style="font-size:14px;margin:5px 0px"><span class="whitespace-nowrap"><time datetime="2025-04-08T16:53:28Z">Apr 8, 2025</time><time hidden datetime="2025-04-08T16:53:28Z" style="display:none">Apr 8, 2025</time></span></p></div></div><div style="position:relative;padding-top:56.25%;width:100%;margin:30px 0px"><amp-img style="border-radius:3px" class="cover i-amphtml-layout-fill i-amphtml-layout-size-defined" src="https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2025/04/ColossalDireWolf-gID_7.jpg" layout="fill" i-amphtml-layout="fill"></amp-img></div><div style="display:flex;align-items:center;justify-content:center"><amp-ad width="320" height="50" type="doubleclick" data-slot="/22724166089/decrypt_amp_articles_inline" json="{"targeting":{"pubg_did":["2k/utr-cnd"]}}" rtc-config="{"vendors": { "aps": {"PUB_ID": "600", "PUB_UUID": "1ce5cb1e-d0d8-4aca-84a6-5a0f9f8af593", "PARAMS":{"amp":"1"}} }}" class="i-amphtml-layout-fixed i-amphtml-layout-size-defined" style="width:320px;height:50px;" i-amphtml-layout="fixed"></amp-ad></div><div style="word-break:break-word"><p><span style="font-weight:400">The dire wolf went extinct over 10,000 years ago, but on Monday, scientists for genetics firm Colossal Biosciences <a href="https://twitter.com/colossal/status/1909247817672957959" target="_blank" class="sc-adb616fe-0 bJsyml">announced</a> that they had revived the breed.</span></p>
<p><span style="font-weight:400">Inevitably, dog-happy <a href="https://decrypt.co/resources/what-are-meme-coins-and-tokens" target="_blank" class="sc-adb616fe-0 bJsyml">meme coin</a> traders pounced on the news, pumping one </span><span style="font-weight:400"><span class="link"><a href="https://decrypt.co/resources/what-is-solana-a-scalable-decentralized-network-for-dapps" target="_blank" class="sc-adb616fe-0 bJsyml">Solana</a></span></span><span style="font-weight:400"> token linked to the pups to a market capitalization of $13.61 million.</span></p>
<p><span style="font-weight:400">Soon after a </span><a href="https://www.newyorker.com/magazine/2025/04/14/the-dire-wolf-is-back" target="_blank" class="sc-adb616fe-0 bJsyml"><i><span style="font-weight:400">New Yorker</span></i></a><span style="font-weight:400"> article announcing the news of the dire wolf's “de-extinction” was posted, New Ancient DNA Cloned Wolf (</span><a href="https://dexscreener.com/solana/8zxvpu1es6qzt71ae3uujyndgjpdtpiaw6nu5q7lbuac" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 bJsyml"><span style="font-weight:400">REMUS</span></a><span style="font-weight:400">) was created on </span><a href="https://decrypt.co/resources/what-is-pump-fun-the-solana-meme-coin-factory#" target="_blank" class="sc-adb616fe-0 bJsyml"><span style="font-weight:400">Pump.fun</span></a><span style="font-weight:400">. The token remained dormant for five hours before skyrocketing to a $13.33 million market cap in a nine hour timeframe, as the news spread and it </span><a href="https://x.com/HeadbandStays0n/status/1909280532153741397" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 bJsyml"><span style="font-weight:400">appeared</span></a><span style="font-weight:400"> that the </span><a href="https://x.com/whiteboyjahLLC/status/1909247924321894587" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 bJsyml"><span style="font-weight:400">community</span></a><span style="font-weight:400"> had taken control of the project—in what is called a </span><a href="https://x.com/i/communities/1909247716468850851" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 bJsyml"><span style="font-weight:400">CTO</span></a><span style="font-weight:400">, for </span><a href="https://decrypt.co/247781/meme-coin-takeover-teams-face-legal-entanglement-experts-say" target="_blank" class="sc-adb616fe-0 bJsyml"><span style="font-weight:400">community takeover</span></a><span style="font-weight:400">.</span></p>
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<p><span style="font-weight:400">Although it peaked at a $13.33 million market cap, Remus initially followed the </span><a href="https://decrypt.co/219735/why-most-meme-coins-die-young" target="_blank" class="sc-adb616fe-0 bJsyml"><span style="font-weight:400">familiar trajectory</span></a><span style="font-weight:400"> of many new meme coins, retracing 67.8% to $4.3 million over the next seven hours. The token continues to see significant volatility, with its market cap surging to a new all-time high of $13.61 million before dropping to its current value of $6.2 million, according to </span><a href="https://dexscreener.com/solana/8zxvpu1es6qzt71ae3uujyndgjpdtpiaw6nu5q7lbuac" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 bJsyml"On-chain registration not yet visible.
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