Memecoins followed Bitcoin’s (CRYPTO: BTC) Sunday evening breakout, with Fartcoin again spearheading the sector-wide rally.
What happened: The Solana (CRYPTO: SOL)-based cryptocurrency spiked 4.67% over the previous day, becoming the biggest gainer among the top ten meme coins by market capitalization.
The silly-sounding coin has risen 111% in the last month, defying the tariff-induced bearishness in the broader cryptocurrency market.
Interestingly, a whale who had suffered big losses on previous FARTCOIN transactions and was holding unrealized losses flipped the script, selling around $2.47 million worth of memecoin for a $127,000 profit, according to Lookonchain.
Frog-themed Pepe followed suit with a 4.54% spike. The Ethereum (CRYPTO: ETH)-based coin witnessed a 4.81% jump in 24-hour trading volume to $503 million.
Meme heavyweight Shiba Inu (CRYPTO: SHIB) rose 3.29% to a market capitalization of $7.5 billion, with trading volume jumping 61% to $141 million.
| Cryptocurrency | Gains +/- | Price (Recorded at 12:55 a.m. ET) |
| Fartcoin (FARTCOIN) | +5.20% | $0.9101 |
| Pepe (CRYPTO: PEPE) | +4.54% | $0.000007868 |
| Shiba Inu (CRYPTO: SHIB) | +3.29% | $0.00001276 |
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Dogecoin (CRYPTO: DOGE), the biggest meme coin by market capitalization, also spiked 1.50%, with transaction volume shooting up 88% to a whopping $841 million.
Floki (CRYPTO: FLOKI) and dogwifhat (CRYPTO: WIF) gained 1.56% and 2.03%, respectively, in the last 24 hours.
Overall, the total memecoin market capitalization advanced 1.59% to $46.98 billion, with volume surging by 14.70%.
The rebound followed Bitcoin’s breakout to $87,000 overnight on Sunday after weeks of sideways price action. The apex cryptocurrency was up about 2.60% in the last 24 hours.
Photo Courtesy: alfernec on Shutterstock.com
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