While major cryptocurrencies are just beginning to recover, a number of lesser-known tokens have caught attention with significant rises.
Giko Cat on Top
The cat-themed meme coin Giko Cat surged by 52% in the last 24 hours. The token has a market cap reaching $63 million. Over the last seven days, GIKO rose over 280%, and in the last 30 days, it surged 2100%. This sharp rise occurred amidst highly volatile market conditions.
inSure DeFi's Rise
InSure DeFi surged 40%, making it the second-largest gainer. Trading at $0.003166, it stands above its seven-day low. Despite the lack of significant news, InSure DeFi remains prominent due to its role in the crypto asset insurance ecosystem, despite having decreased over 35% in the last 30 days.
Sudeng's Jump
The Sudeng token, inspired by the Moo Deng hippopotamus, rose by 36% in a single day. With a market cap of $169 million, market observers speculate the next milestone is $200 million. Investments in meme tokens are risky, as evident from Moo Deng's recent decline.
Although such sudden gains might attract traders' and investors' attention, meme tokens remain highly volatile and risky. Investors should exercise caution when considering such assets.