Meme Coin Market in Review: What You Need to Know This Week
Exploring the latest trends and highlights in the meme coin market.
Meme Coin News: Market Highlights
The meme coin market has experienced a mixed day, with fluctuations in total capitalization and price movements across various coins.
- The market capitalization dropped slightly, now standing at $45.5 billion.
- Resistance Dog (REDO) surged by 154% to $0.7032.
- Wrapped DOG (WDOG) saw a 76% increase to $0.01915.
- Fwog (FWOG) rose by 57%, while other coins on the uptrend increased by 29% or less.
However, Neiro on ETH (NEIRO) experienced a 10.4% decline to $0.1212, the only double-digit fall in its category.
Top 10 Meme Coins per Market Cap:
- One coin fell the most by 1.85% to $0.000000001128.
- Another coin saw a 1.2% decline.
- Only one coin recorded a price increase above 1%, appreciating by 6.3%.
Justin Sun’s SunPump: A Success Story
Justin Sun’s SunPump has surpassed 3 million in volume and introduced TRON-Based SunDog on Bybit.
The SunDog coin has been listed on Bybit, offering trading options through various futures bots, such as Futures Grid and Futures Martingale.
SunPump, launched by SUN.io on Tron, emerged as a strong contender in the meme coin market, generating significant volume and attracting users due to its unique features and offerings.
DOGE Tops Social Media Activity
Dogecoin (DOGE) has dominated social media platforms with its high level of engagement and activity. In a recent ranking, DOGE secured the top spot with 4.2% social dominance and over 6.63 million engagements.
Other notable mentions include SHIB with 3.95% social dominance and PEPE and WIF, among others.
McDonald’s Instagram Hacked for Meme Coin Promotion
McDonald’s official Instagram account was hacked to promote the Grimace meme coin, causing a stir in the crypto community. The hackers altered the account profile to endorse the coin, leading to confusion and controversy.
Despite the brief spike in the coin’s market value, the situation was swiftly addressed by the McDonald’s team, and steps were taken to rectify the issue.
Hot Take: Stay Informed and Engaged in the Meme Coin Market!
Keep up with the latest news and trends in the meme coin market to make informed decisions and stay ahead of the curve.