The injection of positive volatility sent memecoins rallying Monday, with coins from the sector emerging as the cryptocurrency market's biggest gainers.
What Happened: Frog-themed Pepe was the best-performing cryptocurrency in the last 24 hours, with gains upwards of 25%. Its trading volume surged 90% to $1.5 billion, making it the most-traded memecoin over the last 24 hours.
Solana (CRYPTO: SOL)-based dogwifhat was the second-highest gainer on the day, followed by Ethereum (CRYPTO: ETH)-based Floki. Both dog-themed coins recorded healthy upticks in 24-hour trading volumes.
Cryptocurrency
Gains +/-
Price (Recorded at 11:00 p.m. EDT)
Pepe (CRYPTO: PEPE)
+25.01%
$0.00001221
dogwifhat (CRYPTO: WIF)
+22.50%
$2.18
Floki (FLOKI)
+22.19%
$0.0001881
Additionally, blue-chip memecoins in the market also registered significant spikes. Shiba Inu (CRYPTO: SHIB) jumped more than 10% to $0.00001988, while pioneer Dogecoin (CRYPTO: DOGE) soared 7% to $0.1261.
See Also: Floki's 20% Gains Race Past Dogecoin, Shiba Inu And It Could 'Pump Hard Over The Coming Months,' Trader Predicts
Why It Matters: The memecoin bull run comes amid positive momentum in the cryptocurrency market following the foiled assassination attempt of pro-cryptocurrency presidential nominee Donald Trump.
Additionally, dovish comments by Federal Reserve Chair Jerome Powellhelped accelerate investments in this highly speculative and risky category of financial instruments.
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オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会(ASIC)の管理を受けております(AFSL No. 224663)。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。