Memecoin Surges, ARK Falls
If you’re following the cryptocurrency market, you might have noticed that bitcoin and ethereum are holding steady, with minimal movement. However, on Monday, a select few virtual currencies experienced substantial gains. Memecoin (MEME) led the pack with a remarkable 44.28% surge, while ark (ARK) faced a significant setback, declining by 17.5% against the U.S. dollar in just one day.
Notable Gains and Losses
Monday saw nine cryptocurrencies making double-digit spikes early on. Memecoin (MEME) was the standout performer, soaring by 44.28%, followed by Celestia (TIA), which surged 29.25%. Conversely, ark (ARK) suffered the most significant loss at 17.5%, with rollbit (RLB) also falling by 12.03%. Other notable gainers included filecoin (FIL), osmosis (OSMO), KUJI, YFI, FLOKI, and SNT.
Top Trading Volume and Market Share
The total global trading volume for the day reached $64.04 billion across 929 platforms and over 10,000 virtual currencies. Tether (USDT) had the highest trading volume on Monday, followed by bitcoin (BTC), ethereum (ETH), USD Coin (USDC), and Solana (SOL). Currently, bitcoin holds a 49.4% share of the cryptocurrency market’s $1.4 trillion value, with ethereum accounting for 16.9%.
Hot Take: Cryptocurrency Market Recap
As the crypto market continues to fluctuate, memecoin stood out as a top gainer with a substantial surge of 44.28%, while ark experienced a significant decline of 17.5%. The total global trading volume hit $64.04 billion on Monday, with tether leading the way in trading volume.
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