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Game of Memes: $BARRON Falls, $TRUMP Loses, and $MELANIA Strikes Back

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  • $BARRON, a fake Solana meme coin, saw a meteoric rise to a $73 million market cap.
  • The sudden surge was followed by a devastating 99% crash, wiping out investors.
  • A leading Media outlet mistakenly promoted $BARRON as the “official” meme coin, fueling the frenzy.

A fake Solana meme coin, $BARRON, surged to a whopping $73 million market cap in just 7 minutes. This meteoric rise was soon followed by a catastrophic crash, with the coin losing 99% of its value in a matter of seconds.

The incident highlights the extreme volatility and risk associated with meme coins. $BARRON, named after the son of US president, Donald Trump quickly rose to prominence, drawing in unsuspecting investors. The situation was further exacerbated by a prominent crypto news outlet, inadvertently promoting it as the “official” meme coin, inadvertently fueling the frenzy.

BARRON
Game of Memes: $BARRON Falls, $TRUMP Loses, and $MELANIA Strikes Back 2

First time I’m on time for something, and this happens… JUST IN: A fake Solana meme coin $BARRON hit $73M market cap in 7 minute..then rugged 99% in seconds. Cointelegraph even called it ‘the Official meme..’I’m never gonna sleep again and catch the next 100x memecoin”, after missing $TRUMP only to get rugged by $BARRON today.

The $BARRON episode serves as a stark reminder of the risks involved in investing in meme coins. These assets, are often pumped by speculative hype and low liquidity, and are highly susceptible to sudden price swings and rug pulls. While the potential for massive gains is undeniable, investors must exercise extreme caution and prioritize risk management when venturing into the meme coin space.

Political Drama Meets Crypto: BARRON, TRUMP, MELANIA

The other day, the TRUMP meme coin lost 38.55% of its value, falling to $43.42 from recent highs. After its scintillating launch on January 17 on the Solana blockchain, the meme coin initially increased by a whopping 600%, reaching $33.78 at one time.

Since then, the controversial token wiped over $5 billion in market cap in seconds. The dramatic reduction came after the launch of former First Lady Melania Trump’s rival meme coin dubbed MELANIA, triggering a massive selloff in the TRUMP token ecosystem.

Adding to the chaos is David Bailey, CEO of Bitcoin Magazine and The Bitcoin Conference’s scandalous revelation on the scale of potential earnings. Bailey reported that Trump team has allegedly scooped up approximately $500 million profits from the token. This disclosure has drawn sharp reactions and sparked debates about the intersection of cryptocurrency investments and political influence.

PEPE Whale Makes $767K in 17 Days: A Look Inside Their Winning Strategy

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  • Whale profits $767K in 17 days by trading 217B PEPE tokens, showcasing the potential of meme tokens in volatile markets.
  • Holding $25.1M in PEPE, whale’s calculated strategy reveals opportunities for gains despite challenges in the crypto market.
  • PEPE’s rise sparks renewed interest, but skeptics question sustainability amid short-term volatility and high-risk trading.

A smart cryptocurrency whale has recently returned to the scene and made some great trades that supported the volatile market. According to the analytical service Spot On Chain, the trader transferred 217 billion PEPE tokens, or $4.54 million, to the Kraken exchange a few hours ago. This move helped the company gain a profit of $767,000 within just 17 days which is a 20% profit.

Massive PEPE Holdings

This is not the first time the whale has earned greatly from the trading of the PEPE tokens. The same investor who entered the list of the most profitable trades in the first quarter of 2024 is another trader who made a single deal in $11.39 million with the profit level of 57.1%. Such consistent victories demonstrate the trader’s ability to seizing on market trends and make a profitable trade out of it.

Even after the recent deposit the whale has 1.21 trillion PEPE tokens in two different wallets. These holdings have a market value of $25.1 million, and there are $4.05 million of unrealized gains. The number of these positions shows a clear plan to gain the most profit possible without being too far away from the meme token.

High-Risk Crypto Trends

The whale’s recent activities have led to people paying attention to PEPE again with many people considering this as proof that there is a lot of profit to be made from meme tokens. Nevertheless, such trades also demonstrate the potential dangers and challenges of operating in the crypto space, especially for small-scale investors who do not possess the leverage or knowledge of top market participants.

This recent transaction has brought back questions on the sustainability of the meme token sector gains. Thus, skeptics still doubt the sustainability of such tokens as PEPE as people still get gains from short-term fluctuations. However, it is clear that the whale’s frequent victory is evidence of the potential earnings that are obtainable for anyone who can identify the right time to seize profitable trends in the market.

With time, trading instances such as these paint the picture of the high-risk world of crypto assets. The whale has been very successful in the investment decisions and this makes them an important player to watch as they will definitely dictate the market sentiment and the direction of the market.

Moo Deng Token Soars as Vitalik Buterin Supports Animal Welfare: Report

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  • Vitalik Buterin’s adoption of Moo Deng sparks a 70% surge in MOODENG token price, signaling increased demand.
  • Buterin donates 10M THB to Khao Kheow Open Zoo, further boosting the MOODENG token’s market sentiment.
  • MOODENG’s rise highlights meme coins’ growing potential as both investments and tools for supporting charitable causes.

The co-founder of Ethereum, Vitalik Buterin, has joined the crypto and animal welfare space by “adopting” Moo Deng, a baby pygmy hippopotamus at the Khao Kheow Open Zoo. That move to adopt an endangered animal on December 26th sparked a rise in the price of the MOODENG meme token. Within an hour, the token’s price surged by almost 70%, which indicates that the demand for cryptocurrency has increased.

The adoption of Moo Deng by Buterin influenced the price of the MOODENG token to a large extent. The news sent the token’s price rocketing by 70% within the first hour of the news; the token was trading at $0.0001206 before the news and by the time of writing this piece, it was at $0.0002446. 

The token is trading at $0.0001843 at the time of writing, up 44.27% from the previous day. The price rise was also coupled with a 428.44% increase in trading volume which is a clear indication of new investors coming into the system and an equally enthusiastic action from the crypto world.

MOODENG Token’s Surge

This sudden price increase also shows that MOODENG and other meme coins are highly sensitive to market emotions. Being a meme token, MOODENG has been primarily perceived as a speculative asset, but this rise shows the token’s potential as an investment asset. As even more traders come into the space, MOODENG is beginning to gain some recognition for its relation to a meme and philanthropy.

Buterin also supported the Khao Kheow Open Zoo and adopted Moo Deng while also promising to donate 10 million Thai Baht (THB) to the zoo. The money is to be used to enhance on-going conservation activities within the zoo. It will be split into two installments: 5 million THB to be paid at the present time and the other 5 million THB within the next year. 

Buterin’s Charitable Influence

In a statement, Buterin said he was happy to become Moo Deng’s parent and highlighted the significance of conservation efforts. This act also follows the history of Buterin, the creator of Ethereum, who has spent much of his time and influence in the crypto community for charitable causes. He has been involved in donating Ethereum and other digital assets to different organisations and MOODENG is not an exception.

The recent surge in MOODENG which has been backed by Buterin shows that meme coins are not a passing fad in the cryptocurrency industry. From being a market of digital assets with limited practical use, the industry has started to evolve, and projects like MOODENG are showing how the blockchain can be used to promote social causes.

Memecoins Dominate 2024: Nearly 30% of Investor Interest Captured

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Key Takeaways:

  • Memecoins dominated 2024’s crypto narrative, capturing nearly one-third of investor interest.
  • AI narratives followed closely, securing 16% of global investor attention.
  • RWA and DePIN narratives experienced notable growth, while GameFi lost traction.

Memecoins emerged as the undeniable champions of 2024’s crypto landscape, seizing nearly 30.67% of global investor interest. CoinGecko’s latest report showed that the interest in speculative tokens, mainly with themes of animals, personalities, and pop culture references, surged. The main narrative of meme coins accounted for 14.36% of the interest, which was higher by quite a margin compared to last year’s 8.32%.

Fourth came Solana meme coins, standing at 7.65%, then Base meme coins at a share of 2.13%, AI meme coins at 1.49%, and feline-flavored tokens at 1.19%. Such rapid extensions of these memecoin trends underlined that the market had room for high-risk, high-reward opportunities as fundamental factors fell behind the scenes.

AI and Emerging Narratives Gain Traction

Artificial Intelligence was the second-strongest narrative in 2024, with a combined 15.67% of investor interest. The main AI narrative contributed 12.58%, showing consistent growth from last year despite lagging behind the explosive rise of memecoins. AI agents and AI meme coins also made an appearance in the top 20 crypto narratives.

In parallel, RWA and DePIN also gained traction. The RWA narrative climbed to third place with an 8.64% share, while DePIN went up to 8th with a 1.56 percentage point increase. Conversely, the GameFi sector has seen quite a shrinkage from 10.49% to just 3.72% of investor interest.

Base and Solana Memecoins Surge

The total interest of investors in Solana was 14.30% of accumulation. While memecoins drove the trend, engagement was strong for the entire Solana ecosystem narrative, too – it placed 5th witha 5.78% share. Pump.fun contributed to this another 0.61% with a rather small narrative related to the recent memecoin wave of Solana.

Similarly, Base-related trends became more popular, with the Base ecosystem and Base meme coins narratives gathering 4.87% of interest altogether. Ethereum, Sui, and TON ecosystems also received a place in the top 20 narratives, stressing that the leading blockchain networks do not lose their role even when trends are changing.

Related Reading | Binance Backs Thai Bitcoin Dreams – But There’s a Catch!

2024 Crypto Survey Reveals Memecoins and AI Tokens as Top Picks for 2025

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  • Memecoins top the list of held tokens among Binance users, surpassing Bitcoin.
  • AI tokens are seen as the most promising for 2025 growth.
  • New crypto adopters are showing cautious optimism, with 45% joining in 2024.

As 2024 draws to a close, Binance surveyed over 27,000 users worldwide to assess their crypto expectations for 2025. The survey revealed a surprising trend: memecoins have surpassed Bitcoin as the most held tokens in users’ wallets. Approximately 16.1% of participants reported holding memecoins, while Bitcoin trailed behind at 14.44%.

Even while Bitcoin leads the broader market, users increasingly get drawn to the volatility and excitement that memecoins bring. This may be indicative of investor sentiment, whereby users look for high-risk, high-reward opportunities.

Beyond Memecoins, AI Tokens Lead the Charge for 2025

In return, the coming year is expected to bring significant changes in the crypto world. As many as 23.89% of those who participated strongly believe that AI tokens will represent the biggest growth market next year. What is even more exciting, this class of assets now is considered the most preferred in 2025, followed by memecoins at 19.09%.

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This reflects strong confidence in AI tokens and shows the growing interest of users in technology-driven investment. According to many users, more institutional involvement will take place in mainstream blockchain applications next year.

New Adopters and Their Growing Involvement

It also highlighted a wave of new crypto adopters in the market, as 45% of the surveyed joined this year. Meanwhile, as much as a portion of the new users is still catching up, an equal distribution of the other users fall into a time frame between one to five years, thereby meaning that a proper mix exists within the Binance community.

Most of the new entrant inflow has been for financial independence and rapid appreciation, but for 22.4%, it’s the hope for quick gains that makes them enter into this market.

Against this background of optimism, however, 43.97% of those surveyed have kept their crypto investments below 10% of their wealth, showing that there is caution tempered with optimism. All in all, the results from Binance are indicative of an active, confident, and ever-growing community looking to 2025 with hope and expectation.

Related | ITAT Rules: Crypto Profits From Pre-2022 Sales Classified as Capital Gains

Crypto Scams? 76% of Promoted Memecoins Are Dead Tokens

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Key Takeaways

  • 76% of promoted memecoins are now worthless, with most collapsing within weeks.
  • Only 1% of influencer-backed memecoins achieve a tenfold increase in value.
  • Influencers with larger followings often promote tokens with the worst performance.

The allure of quick profits has made memecoins a popular choice among cryptocurrency influencers. Contrasting that reality, a new report from Coinwire shows the opposite in the real-life performance of tokens. It reported that out of 1,500 tokens studied, 76% have become worthless, leaving many investors at a loss.

The report said that two-thirds of the promoted memecoins fail completely, thus showing the risks of following online endorsements. Investors who follow these buzzworthy tokens often face extreme losses- 80% of the memecoins lost 70% of their value in one week. The numbers get worse after a month: 90% drop by 80%, really underlining how unstable this market is.

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Source: Coinwire research report

The Odds of Winning in Memecoins

Memecoins promise exponential gains but are, in reality, impossible to get. Only 1% of influencers have ever shilled a token that went up 10x. Overall, just 3% of memecoins from influencers have such growth, making those wins outliers and not norms.

Surprisingly, smaller influencers with less than 50,000 followers yield marginally better results. Their promotions allow gains of 25% after one week and highs of as much as 141% over three months. On the other hand, mega-influencers, or those with huge followers, create the worst case: some promoted tokens plummet 39% within one week and plummet 89% over three months.

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Source: Coinwire research report

Profits for Influencers, Not Investors

While investors carry a lot of risks, influencers earn financially. According to the report, a typical influencer would get paid about $399 for a promotional tweet while their posts reach 15,000 viewers. This is the reason why unreliable projects get promoted on such a large scale. It has emerged out as a case for caution among investors not just to blindly believe in influencer marketing.

Related Reading | Shiba Inu’s 2024: A Year of Surprising Gains

Binance Memecoin Picks Soar in 2024, $NEIRO Leads with 7594% Gain

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Key Takeaways:

  • Over 80% of Binance-listed Memecoins saw value growth in 2024.
  • Solana hosts most of the Memecoins, with 60% deployed on its network.
  • Memecoin $NEIRO achieved a remarkable 7594% increase post-listing.

In 2024 alone, Binance listed a total of 17 Memecoins on both its spot and futures markets. A recent report has indicated that 80% of the tokens went through high-value hikes shortly after their listing on Binance.

Among these winners, it’s $NEIRO that stands tall, surging a wildly impressive 7594% in market value against the dollar- a testament to the ‘Binance listing effect’ on Memecoin markets. The analysis points out that the majority of this token takes along zoo-related themes, which goes very well with the broader trend for meme tokens this year.

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The distribution of Memecoins listed on Binance in 2024 alone evinces a keen interest for some chains: 60% of these are deployed on Solana, followed by Ethereum with 26.7%, while the Binance Smart Chain is behind them.

With the choosiness coming from Binance, the outcome has been that only five of such Memecoins have ended up landing spot and futures listings, insinuating that there’s a path of conservatism to spot trading.

Notable Market Movements and High-Value Projects

The total market capitalization for all Memecoins listed on Binance to date is over $100 million. Among those, the most valued is $WIF, standing at a market capitalization of $2.51B, while $NEIRO remains the biggest gainer after its listing.

The other winners included the extension to $ACT and $Pnut Solana-based tokens, up 1199% and 208%, respectively, in the short term. However, $MOG was down 7%, $BOME 4%, and $MYRO was down 12% in market value. It just goes to show that even with a Binance listing, the Memecoin market is really volatile.

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Generally, when Binance is involved, it proves to be very positive for Memecoins. The token listing is often followed by strong upside moments in price. Equally treating tokens with a lower initial market cap, sometimes as low as $15.49 million, as it does with higher-cap assets, goes to show that Binance is focused on involvement and community interest rather than on rigid market cap requirements.

A Strategic Approach to Memecoin Listings

It is now time to bring into light the strategy that Binance has adopted in listing these coins, focusing on select projects that launched between August and November, all to create a market trend supplicated by community engagement.

With every listing, promising new projects increase and investor sentiment gets positively affected, especially with spot listings, which may promote long-term development. For even smaller tokens, the visibility that Binance provides gives great traction and positions 2024 as an inflection point for these coins while amplifying the role Binance will play in the sector.

Related Reading | BitcoinOS Enhances Bitcoin’s Utility While Upholding Core Principles

Shiba Inu Price Update: Bearish Trend and New Entry Potential

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  • Shiba Inu (SHIB) remains bearish, offering potential short-selling as lower highs persist.
  • Recent market rally seen as temporary, with SHIB likely returning to its downward trend.
  • Breakout from trading range could signal major price reversal opportunities for SHIB.

Shiba Inu (SHIB) is still under bearish pressure as further analysis shows expanding bearish waves. ‘In an X post, Alan Santana warns of bearish indicators on the price chart of SHIB even as it rallied in markets for a brief period.’’ This downtrend, he suggests, could open new short selling opportunities as continued formation of lower highs across a defined trading range sends SHIB’s price back down.

The positive results of the recent U.S. elections brought forth a short-lived three day upward trend across the market. But market sentiment has since turned cold, putting Shiba Inu and other meme tokens on notice they are likely back on the decline. Analysts say the brief rally isn’t a turn in the overall market trend.

Shiba Inu Hits Lower High

SHIB has just bottomed out a lower high, completing the bearish momentum which has marked much of the year to date. The current short position has already met two short term target levels, and lower highs are usually considered to signal further price weakness. Shiba Inu bounced with the token potentially seeing new lows in the near term while the main trend remains intact.

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Source: Chart by AlanSantana

The upper boundary of the Shiba Inu price trading range also deserves attention for traders watching the token, the analysis shows. If shib’s price climbs above this boundary and holds this level, perhaps it will begin to indicate a shift to bullish momentum.

Bearish Outlook Persists

Yet as long as the token remains in the current trading range, the outlook is bearish. This approach gives traders clear signals of where trend reversals might be and how these might lead to a major price reversal.

An analysis also reveals the requirement of patience as it may lead to waiting for the clear market signals which may help traders take on SHIB’s movements. Tokens such as Shiba Inu are no exception to the rule that, although there are occasional rallies, generally, token performance lies in the hands of broader crypto market trends. Traders can make more informed decisions if they understand these macro trends. Traders need to be alert to what’s happening in the crypto market because they need to react to the outside conditions.

75% of Memecoins Born This Year, But 97% Are Gone: Binance Research

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Key Takeaways:

  • Over 75% of memecoins were launched in the past year, yet 97% have already failed, per Binance Research.
  • Memecoins are driven by fairness, transparency, and accessibility, but exploitation by “pump-and-dump” groups raises concerns.
  • Sustainable success for meme coins may depend on maintaining distinct narratives and genuine community value.

Binance Research recently unveiled an in-depth analysis on memecoins, indicating that although these tokens are designed to reflect key crypto values—such as fairness, transparency, and decentralization—the vast majority haven’t withstood the test of time.

The report says that about 75% of all memecoins have been created in the last year alone, but 97% of these newly created tokens now have fewer-to-no trades at all, turning into “dead” coins. As much hype as they get, it really seems like memecoins have extremely high turnover rates and a high failure rate.

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Source: Binance

Instability in memecoins generally emanates from “Memecoin Groups” that take advantage of retail traders in a pump-and-dump scheme: they artificially jack up the value of a coin and then cash out, leaving the rest at losses.

While blockchain transparency does indeed give the ability to track token movement, finding address owners is tough; clubbing these into one single address is permissible for further exploitation.

The Economic Pull of Memecoins

Despite these pitfalls, the rise of meme coins testifies to one key trend: up 11% from 4% of the altcoin market in 2022. This means heavier interest from the investor community for assets seen to be more fair and accessible, probably driven by socio-economic factors such as inflation and disconnection from traditional finances. With meme coins, it would appear that much of humanity loves a digital-native asset that is much more connected to modern culture than to legacy financial systems.

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Source: Binance

Long-term Prospects: Narratives Over Numbers?

This would, in turn, suggest that further and continued success of such memecoin might be contingent essentially on their speculative value and on developing and maintaining special narratives to which users can relate. In fact, as space progresses in maturity, only those types of memecoin capable of creating distinct identities will, by some point, exist and finally remain part of the ecosystem.

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Source: Binance

While technology-driven coins look toward innovation, memecoin is placing all its bets on a cultural and social appeal- a strategy that could, in a controlled manner, continuously attract investors who seek meaningful interaction within a decentralized market.

While memecoin is creating some interesting opportunities, it is highly risky and subject to market manipulation, so any participation should be done very carefully and with much information.

Related Reading | Bitcoin Crosses Key $70K Mark; Meme Coins Soar Amid Election Hype

Dogecoin Tumbles 12.7%, Analysts Predict 50% Rebound Amid Market Turbulence

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The cryptocurre­ncy market has seen significant turbule­nce recently, with Doge­coin (DOGE) trading at $0.124 as of June 21, 2024. Following a notable drop in Bitcoin’s price, the­ meme coin sector, including Doge­coin, has experience­d double-digit losses. DOGE has lost roughly 12.7% of its valuation over the­ past week, but signs of a potential re­bound are emerging.

A promine­nt crypto analyst recently compared Doge­coin’s current market behavior to a pre­vious cycle. In that earlier cycle­, DOGE experience­d a significant 50% retracement be­fore launching into a substantial bullish wave. This historical pattern is notable­ as DOGE has once again retraced 50%, indicating a pote­ntial repeat of its past bullish trajectory.

The­ chart also highlights a crucial support area that Doge­coin is currently testing. This support leve­l has historically acted as a pivot point for bullish reversals. The­ chart shows a horizontal line marking this range, suggesting that if Doge­coin holds above this support, a significant upward movement could be­ imminent in the coming months.

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Dogecoin Tumbles 12.7%, Analysts Predict 50% Rebound Amid Market Turbulence 14

Dogecoin Struggles Against $0.1285 Resistance

Dogecoin is curre­ntly facing resistance around the $0.1285 mark. The­ recent price action include­s a drop below the $0.1250 support leve­l and the 100-hourly simple moving average­. The price also fell be­low the 23.6% Fibonacci retraceme­nt level of the re­cent upward move from the $0.1129 low to the­ $0.1285 high. Despite this, bullish activity is noted ne­ar the $0.1220 zone.

A key rising channe­l or bearish flag pattern has formed with support ne­ar $0.1220 on the hourly chart of the DOGE/USD pair. If Dogecoin rise­s again, it could face resistance at $0.1260 and the­n at $0.1285. Successfully breaking above the­ $0.1285 resistance might propel the­ price toward the $0.1350 and $0.1420 leve­ls. The next significant target for bulls could be­ $0.150.

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Dogecoin Tumbles 12.7%, Analysts Predict 50% Rebound Amid Market Turbulence 15

Conversely, if Dogecoin fails to surpass the­ $0.1285 resistance, it may continue its downward tre­nd. The initial downside support is near the­ $0.1220 level. Should this leve­l fail to hold, the next major support is at $0.1185. A breach be­low $0.1185 could see the price­ decline further, pote­ntially towards the $0.1120 level.

According to Coinlore­, DOGE’s price could hit $0.1326 in the next te­n days, with a long-term forecast of $0.3027 by 2025. As Dogecoin navigate­s its current market conditions, investors and analysts are­ watching closely, anticipating whether historical patte­rns will repeat and lead to a significant price­ recovery.

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