What's up people, because the memecoins are on fire! 🔥 After a little scare in the market, these coins that were born from fun and memes are making an epic comeback. And guess who’s leading... Dogecoin (DOGE)! 🐶 Yes, the most famous dog in the crypto world has risen by 6.7% in the last 24 hours and an impressive 18% in the week, reaching $0.20! 📈
But watch out, it's not just DOGE that's breaking records. Other memecoins are hot on its heels with even juicier gains. And here comes the spiciest part: the official meme coins of Donald Trump (TRUMP) and Melania Trump (MELANIA)! 🤯 Imagine that, Trump's coin rose 10.3% and Melania's a staggering 32.5% in just one day! 🤑 This is total madness, even surpassing Dogecoin itself.
A large part of this boom is due to the launch of PUMP, the official token of Pump.fun, a super popular platform for launching memecoins on Solana. 💫 PUMP made its market debut on Monday and boom!, reached a market cap of nearly $2 billion. Now it’s at $2.2 billion, placing it at 57th among all crypto tokens. That's speed! 🚀
Thanks to the success of PUMP, other gems from Solana like Unicorn Fart Dust (UFD) (yes, you read that right! 🦄💨), Michi (MICHI), and Just a Chill Guy (CHILLGUY) have also skyrocketed, with increases of over 10%. And not to mention BONK, which has jumped 20% in 24 hours and has had a month of craziness with over 69% gains. This is hard to believe! 🎉
But not everything is Solana, because the rise of Ethereum (ETH) is also benefiting its memecoins. Shiba Inu (SHIB) and Pepe (PEPE), two giants of Ethereum, have risen by 7.9% and 11% respectively. There's even a memecoin called SPX6900 (SPX) that wants to imitate the market cap of the S&P 500 and has risen nearly 25%, reaching a new record of $1.89! 🎢
So, the crypto world is on fire with these memecoins that demonstrate that sometimes, fun and humor can move mountains (and millions). Are we witnessing a new era where memes dominate finance? 🤔 We'll have to keep a very close eye on this story!
