Following the inauguration of Paul Atkin as SEC Chairman, the cryptocurrency market has shown positive trends, especially within the meme coin segment, which has demonstrated substantial growth over the past 24 hours.
Trend of Growing Meme Coins
Against the backdrop of recent news about the new SEC Chairman's appointment, the meme coin segment experienced an impressive growth averaging 6.18% over 24 hours. The overall market capitalization for meme coins reached $56.06 billion.
Leading Meme Tokens in the Market
Leading the market is the TRUMP token, which gained 9% in the past 24 hours following the announcement of a special dinner for its holders. DOGE rose by 4.4%, while SHIB demonstrated an 8.55% increase. Other meme tokens like BONK, FLOKI, and WIF saw double-digit surges: 14.34%, 16.55%, and 19%, respectively.
History of Meme Coins
Meme coins like Dogecoin emerged in 2013 and quickly gained popularity due to social media and viral trends. Other tokens such as SHIB and PEPE also gained recognition, but their popularity fluctuated with market sentiments.
The growth of meme coins indicates investors' interest in this category of cryptocurrencies and confirms that these tokens continue to capture public attention due to their unique features and current events.
