Memecoins are once again leading the entire industry’s rebound alongside Bitcoin.
Solana cryptocurrency soared 4.67% compared to the previous trading day, becoming the top gainer among the top ten meme coins by market cap.
This seemingly silly currency has risen 111% over the past month, ignoring the overall bearish sentiment in the cryptocurrency market caused by tariffs.
Interestingly, according to Lookonchain, a whale that suffered significant losses in previous FARTCOIN trades and held unrealized losses changed the script, selling memecoins worth approximately $2.47 million, making a profit of $127,000.
Source: WeChat official account Feng Baobao roasting sweet potatoes.
The frog-themed Pepe closely followed, rising by 4.54%. Ethereum's trading volume increased by 4.81% in 24 hours, reaching $503 million.
The heavyweight meme coin Shiba Inu rose by 3.29%, reaching a market cap of $7.5 billion, with trading volume jumping 61% to $141 million.
Dogecoin, the largest meme coin by market cap, also surged by 1.50%, with trading volume skyrocketing 88% to $841 million.
Floki rose by 1.56% and 2.03% respectively in the past 24 hours.
Overall, the total market cap of memecoins increased by 1.59%, reaching $46.98 billion, with trading volume soaring by 14.70%.
The price of Bitcoin broke through $87,000 overnight on Sunday after several weeks of sideways consolidation, followed by a rebound. In the past 24 hours, this leading cryptocurrency has risen by approximately 2.60%.
