Memecoins
Meme Core Coins Rise Up to 116% as SEC Drops Ethereum Investigation
Share this article
Basic meme coins soared double digits today after the SEC closed its Ethereum investigation without security costs, according to to data aggregator CoinGecko. Despite the sharp price increases, the lack of daily trading volume indicates how simple it still is to move meme coin prices.
The new meme coin Farcaster Flower (FLOWER), which bills itself as the “first flower token on Farcaster,” is leading with its 116% price increase in the last 24 hours at the time of writing.
The Basenji dog-themed meme coin (BENJI) also performed exceptionally well during the same period, growing 98.5%. BERF and Weirdo (WEIRDO) are also among the top gainers, seeing positive moves of 85.1% and 68.4%, respectively.
Pola (POLA) and Normie (NORMIE) are in the middle of the pack with their respective price increases of 42.9% and 35.7%. Landwolf (WOLF) and layer 3 blockchain native token Degen (DEGEN) are squared with a 33% increase in their price.
The Cat-Themed Poncho (PONCHO) is another member of the top 10 gainers and records gains of 30.6%, with ROXY FROG (ROXY) closing out the group with 28.6% positive movement. Notably, with the exception of BERF (BERF), all top 10 gainers in the core ecosystem are collapsing during the weekly time frame.
Additionally, except for BENJI and DEGEN, all Base Meme coins recorded a daily trading volume of less than $1 million. As an example, ROXY moved just over $20,000 in volume in the last 24 hours, which was enough to push its price up by double digits.
Therefore, even though the price increases shown by these meme coins may seem attractive, they remain very volatile and risky.
Share this article