Bitcoin (BTC) is nearing $64,000 with a pump of over 3% on Monday leading the market rally ahead of a busy week for US economic data. The excitement isn’t just with BTC as major tokens like Ethereum (ETH) and Dogecoin (DOGE) saw increases of up to 4%. However, dogwifhat (WIF) led the meme coin charge with a 19% surge.
The cumulative meme coins categories’ cap recorded a jump of almost 10% over the last to stand at $50 billion. This comes in when the social sentiment around meme crypto surged over the weekend with talks of a memecoin supercycle being trending on social media.
WIF, POPCAT takes the lead
Dogwifhat turned out to be the biggest gainers among the top meme coins as WIF price surged by almost 20% in the last 24 hours. WIF is one of those cryptos that have managed to print greens in the last 7 days. Its 24-hour trading volume is up by a massive 117%, standing at $586.3 million. Dogwifhat is trading at an average price of $2.67, at press time.
Popcat is another meme crypto that has gained much popularity among the crypto community. A fresh wave of cat themed meme coins is trying to take over the dog theme meme cryptos in the latest bet. Popcat price is up by almost 20% in the last 24 hours and 80% over the past 30 days, trading around $1.46 zone.
The biggest meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB) are looking strong with a surge of over 5% each in the last 24 hours. DOGE seems to be trying to perform a comeback rally as it has gained around 21% over the last 30 days, while SHIB is up by 42% in the same period.
Trader hits big on memecoin bet
As per the data shared by SpotOnchain, a trader made a good heavy return just by trading on meme coins linked to the former US president Donald Trump. The traders hit a 31.5% profit by betting on TRUMP and MAGA after Elon Musk gave a pro-Trump speech.
It mentioned that the trader spent 360K USDC to accumulate 2.4498 billion MAGA tokens (approx. worth $300K) and 18,364 TRUMP (approx. worth $60K) when Trump began to give out the speech. These holdings are now worth $398K and $75.3K, respectively. The trader has made $113K of profits amid the meme coins frenzy.
Bitcoin’s rally to breach $63,000 shows confidence in the market as investors are hoping BTC to reclaim $64,000 next. The Fear and Greed Index suggests a “Neutral” sentiment among the market participants after dealing with extreme fear in the last month. BTC is now up by 17% in the last 30 days, trading at $63,469, at press time.
This articles is written by : Fady Askharoun Samy Askharoun
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