Memecoins
Top Memecoins Surge Over 100x Today
Memecoins have seen a slight recovery over the past 48 hours following the cooling following the US Fed meeting which left interest rates unchanged. As crypto assets post gains, analysts believe an increase in market sentiment is also reflected in stocks as the correlation continues.
Total memecoin The market cap stands at $52.4 billion, an 8.6% jump in the last 24 hours, while the cryptocurrency market cap jumped to $2.29 trillion, an increase of 3% over the same period. While memecoins have seen gains, some assets have outperformed the market with gains of over 100x today.
These gains were compared to similar figures recorded during the memecoin frenzy in the first quarter of 2024, although the market remains short of that peak. Here are the top memecoins traded today.
SAD HAMSTER (HAMMY)
The asset soared 202% today, significantly outperforming all crypto assets. The meme token continues its strong run in recent weeks with bulls projecting more market highs. HAMMY is trading at $0.0022 with a 24-hour trading volume of $10.8 million.
The meme token has surged 1,014% this week and 191% over the past 30 days. The rise of the asset sparked conversations around social media spaces as the community rallied around the token.
Monku (MONKU)
Monku is up 152% today, joining memecoins booming in the market. The assets have a daily trading volume above $619,700 as they post a streak of gains. Despite the slow sentiment recorded among crypto assets, MONKU has seen inflows of 29.7% over the past seven days.
The Solana memecoin has become a popular token due to recent gains. As SOL price broke above water, analysts expected Solana memecoins to see gains.
Costco Hot Dog (COST)
COST rose 60.9% today, ranking among the top three gainers for memecoin. With daily trading volume over $500,000, the asset is up 85% this week. The three assets above are Solana Coins as the class continues its upward momentum.
Read also: 3 cryptos under $1 to buy for short-term gains
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The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.