Maneki, Moo Deng, and Sundog have surged between 40% and 55% over the past 24 hours as meme coins dominate crypto trading following Donald Trump’s victory in the U.S. presidential election for a second term.
Bitcoin (BTC) jumping to a new all-time high above $76k to reach a new peak for the second day in a row has bulls rearing to go. The surge also saw 11k new Bitcoin millionaires emerge.
However, meme coins have shown the largest gains among the top 500 coins by market cap, drawing significant attention.
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Maneki, the Solana-based cat-themed meme coin, leads with over $55% in gains at the time of writing. The Maneki (MANEKI) token, off a recent top sports deal, has seen its price reach a three-month high above $0.009. The meme coin traded at lows of $0.006 earlier in the day.
Another meme coin to outpace the rest of the top 500 coins is Moo Deng (MOODENG), the meme coin on Solana based on the viral baby Hippo Moodeng. Over the past few months, MOODENG has skyrocketed to new highs amid catalysts such as Binance futures listing.
Following Trump’s landslide win against Kamala Harris, MOODENG price rose sharply – this coming after reports the baby Hippo had “predicted” the Republican would win. The token traded at $0.13 on Nov. 5, but has touched highs near $0.30 and is up 50% in the past 24 hours.
Sundog (SUNDOG) is the biggest meme coin on Tron (TRX) and gained traction as the meme coin Launchpad SunPump emerged to challenge Pump.fun. The SUNDOG token however pared gains following that spike to above $0.37 in late September.
It traded at $0.098 on U.S. election day. However, it’s up 41% in the past 24 hours to continue higher after retesting support near $0.13. SUNDOG currently hovers near $0.16 and could recoup gains to its all-time high if meme coins rip further.
Trump’s victory and the interest rate cuts by the Federal Reserve are factors likely to catalyze Bitcoin higher. Altcoins could follow and the appetite for meme coins is only set to increase.
Read more: Bitcoin ETFs log $621.9m inflows as BTC hits all-time high of $76K
