Memecoins erupted Sunday, with major coins topping the daily cryptocurrency gainers list.
What happened: Dog-themed token dogwifhat soared more than 16%, becoming the second-best performing cryptocurrency in the last 24 hours. The Solana (CRYPTO: SOL)-based coin spiked to its highest level since July 23, witnessing a significant 75% jump in trading volume.
Cat-themed Popcat followed suit, gaining more than 15% to set a new all-time high. The cryptocurrency surged more than 40% in the last week and has been the market's top gainer this year, with a staggering 15398% increase.
Cryptocurrency
Gains +/-
Price (Recorded at 10:45 p.m. EDT)
dogwifhat (CRYPTO: WIF)
+16.82%
$2.66
Popcat (POPCAT)
+15.61%
$1.41
Bonk (CRYPTO: BONK)
+12.79%
$0.00002323
Yet another Solana-based memecoin, Bonk, rose 12.79%, moving up to fifth place among top market performers.
Blue-chip coins like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) surged 4.47% and 6.63%, respectively, as the overall meme coin market capitalization spiked more than 9% in the last 24 hours.
See Also: Shiba Inu's Shytoshi Kusama Calls This Nation 'Crypto Capital' After It Makes Digital Asset Transactions Tax Free
Why It Matters: The jump followed a broader market rally that saw bellwethers like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) make significant advances overnight.
The optimism could be attributable to Friday's better-than-expected jobs report, indicating a healthy economy and allaying fears of a recession.
Image via Shutterstock
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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。