FLOKI is among the top gainers in cryptocurrencies today, with a 402% increase in its trading volume. This increase is due to higher demand for meme-themed cryptocurrencies as the market thrives and investors increase their risk appetite. Additionally, the AltSeason Index is growing, fueling optimism about the start of altcoin season.
With a 33% surge today, it is trading at $0.0001309 with a market capitalization of $1.25 billion. It is noteworthy that BONK has shown bullish behavior for days, achieving a 171% increase during the month and a 27% increase today. This rise is due to the growing meme cryptocurrency ecosystem of Solana, increased investment in assets (OI) and volume, investor demand, and a bullish technical setup.
Experts point out that this week 100 BONK were sold, which reduced selling pressure. Additionally, its launch platform experienced a surge in demand. The commissions generated from this drove the repurchases of BONK, boosting the price increase. Therefore, it is currently trading at $0.0000357 and has a 24-hour trading volume of $2.54 billion, a 77% increase.
The SPX6900 is relatively less known than the other two, but despite that, it has shown a very bullish trend lately. It reached a new all-time high a few hours ago and has risen by 10% in 24 hours, with a trading volume of $191.48, representing a 90% increase.
It is currently trading at $1.86 with a market capitalization of $1.65 billion. Like most meme-themed cryptocurrencies, it is on the rise due to better market conditions, influenced by U.S. CPI and PPI data, as well as other macroeconomic events.
Overall, retail FOMO, optimism in the cryptocurrency market, and a shift in investor sentiment have driven the surge of these meme coins.
