In the past 24 hours, the meme coin crypto economy has risen by 9.6% against the U.S. dollar. The Solana-based meme token BONK emerged as the day’s top performer, climbing 41.8%, while FLOKI saw an 18.7% increase.
Top Meme Coins Register Impressive Gains
As of April 21, 2024, the meme coin sector is experiencing significant growth, marking a 9.6% increase in net value from the previous day. The meme token economy is currently valued at $55.86 billion, with a global trading volume of $5.79 billion recorded over 24 hours. Each of the top ten meme coins by market valuation enjoyed increases over the last 24 hours, with BONK and FLOKI at the forefront.
BONK has gained 41.8% against the greenback, marking a 39.1% rise over the past week. While most cryptocurrencies in the broader market are experiencing weekly declines, meme coins are an exception. The sole exception in this category, corgiai (CORGIAI), posted a weekly loss but rose 3.8% in Sunday morning’s trading. FLOKI enjoyed an 18.7% increase and is up 16.9% for the week.
Dogecoin (DOGE), sometimes referred to as the ‘Dog Father’ and leader of the meme coin economy by market cap, has risen by 4.2% in the past 24 hours, commanding $23.11 billion of the total $55.86 million market cap. The second-largest meme token, shiba inu (SHIB), increased by 14.1% on Sunday, bringing its weekly gain to 20.6%. SHIB also holds a significant share of the meme coin market, with a valuation of $15.71 billion.
Other meme coins that saw notable increases over the last 24 hours include WIF, PEPE, BRETT, BOME, MEME, and MEW, with SHARBI and SOLAMA achieving triple-digit gains. Conversely, several meme tokens have faced setbacks, with SNAIL dropping 48.7%. The Ordinals-based BRC20 token PUPS is down 24.2%, and the Floki fork, FORK, declined by 17.3%. Nonetheless, meme tokens generally outperformed their crypto counterparts over the weekend.
What do you think about the meme coin economy rising more than 9% over the last day? Share your thoughts and opinions about this subject in the comments section below.
Jamie Redman