Memecoins
Top Memecoins increase over 100x today
Memecoins have seen a slight recovery in the last 48 hours after the cooling following the US Fed meeting which left interest rates unchanged. As crypto assets rise, analysts believe an increase in market sentiment is also seen in stocks as the correlation continues.
The total memecoin market capitalization stands at $52.4 billion, an increase of 8.6% in the last 24 hours, while the cryptocurrency market capitalization rose to $2.29 trillion, an increase of 3% in the same time frame. While memecoins have posted gains, some assets outperformed the market today with more than 100x gains.
These gains were compared to similar figures seen in the memecoin frenzy in the first quarter of 2024, although the market remains below that level. Here are the most traded memecoins today.
SAD HAMSTER (HAMMY)
Today the asset is up 202%, significantly outperforming all crypto assets. The meme token continues its good run in recent weeks with bulls projecting new highs on the market. HAMMY is trading at $0.0022 with a 24-hour trading volume of $10.8 million.
The meme token is up 1014% this week and 191% in the last 30 days. The asset’s rise sparked conversations across social media spaces as the community rallied around the token.
Munich (MONKU)
Monku is up 152% today, joining the surge in memecoins on the market. The assets have a daily trading volume above $619,700 as they post a series of gains. Despite the weak sentiment among crypto assets, MONKU has seen inflows of 29.7% over the past seven days.
The Solana memecoin has become a popular token thanks to recent gains. When the price of SOL rose above sea level, analysts expected Solana memecoins to see increases.
Costco Hot Dogs (COST)
COST rallied 60.9% today, ranking among the top three memecoin gainers. With daily trading volume exceeding $500,000, the asset is up 85% this week. The three goods above are Solana’s Memecoin as the class continues its upward momentum.
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