Memecoins
FLOKI and DOG lead Top Meme Coin rebound
Digital assets maintain their bullish rally following the intraday trading rally that saw FLOKI, DOG and other meme coins recording inflows. Market gains could also be seen in major crypto assets such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), among others. The broader market capitalization is above $2.56 trillion, while meme coins have surpassed $66.3 billion.
Major meme coins recorded inflows like the top ten in the green zone except MAGA. Trump-themed tokens have seen a decline following a period of high-flying victories as the US election approaches. FLOKI and DOG led asset gains in the top 10
meme coins by market capitalization.
Floki and Dog rankings
Over the past 24 hours, meme tokens have seen a surge with inflows into major assets. Popular asset FLOKI achieved gains of 12.8% erasing part of the asset’s weekly losses. Over the past seven days, FLOKI has seen outflows of 1.7% due to the broader market downturn, while long-term growth is in the green zone. Monthly flows for the asset rose to 43.2%, adding to its 12-year increase of 744%.
FLOKI’s surge places it among the top meme coins with its market capitalization reaching $2.6 billion, while daily trading volumes soared above $613 million. At the time of writing, FLOKI is trading at $0.0002711.
DOG, the ninth largest meme coin by market capitalization posted gains of 27.9%, outpacing most assets. With a market capitalization of $945 million, the meme coin is trading at 0.0095. Weekly inflows have seen the asset gain 125% and 215% respectively this month.
Wider asset notch earnings
In general, the market as a whole turned positive, although minor corrections were observed in some assets. Bitcoin and Solana posted gains of 1.25% and 1.88%, respectively. BNB recorded more significant gains with its price rising to $634 after a 4% price increase and a 70.3% increase in trading volumes. Meme coins like Brett, BONK and dogwifhat have increased. However, Dogecoin, Shiba Inu, and PEPE recorded slight losses.
Read also: The 4 most promising cat-themed meme coins to buy today
David is a financial news contributor with 4 years of experience in Blockchain technology and cryptocurrencies. He is interested in learning about emerging technologies and has an eye for the latest news. Staying up to date on trends, David has reported in several niches including regulation, partnerships, cryptocurrencies, stocks, NFTs, etc. Away from the financial markets, David cycles and rides horses.