In the last 24 hours, meme coins have surged impressively by 7.2%, with FLOKI, Bonk, and Fartcoin leading the way. The total market cap of meme coins is $79.87 billion.
FLOKI, Bonk, and Fartcoin Dominate the Charts
FLOKI has garnered attention with a 32.8% rise in the last 24 hours, maintaining an overall increase of 42% over the week. The trading volume of FLOKI spiked over 402%, with its market cap reaching $1.28 billion.
Bonk, a Solana-based meme coin, also showed significant growth of nearly 69% over the week, with 16.2% of that in just the last day. Bonk’s market cap is approaching $3 billion.
Then comes Fartcoin, unexpectedly drawing attention with a 23.5% daily gain, being actively discussed on Reddit and Telegram.
What Happened to Pudgy Penguins?
Interestingly, while most meme coins are climbing, Pudgy Penguins retraced by 8.4% in the last 24 hours. This dip comes after an astounding 217.3% gain in the last month, making it a top-performing meme asset.
Bullish Macro Sentiment and the Altcoin Revival
The crypto market as a whole is heating up significantly. Bitcoin recently touched $123K, gaining 6.8% over the past week, while Ethereum rose nearly 25%. Altcoins like Cardano and Solana also saw remarkable gains. Capital is shifting from Bitcoin dominance to altcoins, setting the stage for a genuine altseason.
Meme coins continue to exhibit significant volatility, with their rise accompanying an overall positive sentiment in the crypto market. This trend is expected to persist, especially for assets like FLOKI and Bonk.
