Briefly
- Meme cash are leaping larger after a one-day crypto market downturn.
- DOGE is main the class larger, with different prime memes like PEPE and SHIB up considerably as nicely.
- The official presidential tokens, MELANIA and TRUMP, lead Solana memes following the Pump.fun token launch.
Meme cash are as soon as extra rising, led by Dogecoin (DOGE), which has climbed 6.7% within the final 24 hours and now greater than 18% on the week to $0.20. However different main meme cash have posted a lot bigger good points on the day.
Dogecoin, which ranks eighth amongst all cryptocurrencies by market capitalization, ranks second within the class with greater than $5.7 billion in 24 hour buying and selling quantity, trailing solely the Ethereum-based Pepe (PEPE) in that metric.
President Donald Trump and First Girl Melania Trump’s official meme cash have gained 10.3% and 32.5% within the final day, respectively. TRUMP and MELANIA are outpacing Dogecoin and the class as an entire, which is up 6.8% in the identical timeframe, according to CoinGecko.
The Solana-based tokens lead a rising listing of meme cash leaping larger after the launch of PUMP, the official token of the favored Solana meme coin launchpad, Pump.fun. After internet hosting its preliminary coin providing (ICO) on Saturday and elevating $600 million, PUMP became eligible for trading on Monday and rapidly exploded to almost a $2 billion market cap.
It has since risen much more, leaping practically 12% within the final 24 hours to a $2.2 billion market cap. That’s sufficient to rank it #57 amongst crypto tokens by market capitalization, in response to CoinGecko.
The success of PUMP has pulled up different tokens from the Solana trenches as nicely, together with tokens launched on Pump.fun like Unicorn Fart Mud (UFD), Michi (MICHI) and Only a Chill Man (CHILLGUY)—all of which have jumped greater than 10% over the past 24 hours.
BONK too is up 20% within the final 24 hours, including to the Solana meme coin’s profitable month of good points—which now stand at greater than 69% as its personal token launchpad, a new rival of Pump.fun, continues to achieve steam.
And whereas Solana has been the house to a lot of the meme coin success over the past yr, the rise in ETH’s price has been a boon for Ethereum-based memes as nicely.
Shiba Inu (SHIB) and Pepe (PEPE), the highest two meme cash on the Ethereum blockchain, have jumped 7.9% and 11% respectively within the final 24 hours—solely outdone by SPX6900 (SPX), the meme token making an attempt to flip the market cap of the S&P 500.
The token has jumped practically 25% within the final 24 hours, setting a brand new all-time excessive worth of $1.89. Nevertheless, at a market cap shy of $1.9 billion, it stays nicely shy of the mixed $52.56 trillion market cap of the S&P 500 firms.
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