While bitcoin and ether recorded modest gains on Saturday, the meme coin sector climbed 2% over the past 24 hours, led by official trump (TRUMP), which gained 8.8%.
TRUMP, WZRD, and AIC Shine
Money has poured into the meme coin sector this weekend, propelling its aggregate market cap 2% higher to $49 billion. The two largest meme coins by market capitalization, dogecoin (DOGE) and shiba inu (SHIB), slipped 0.6% and 0.2%, respectively.
By contrast, Pepe (PEPE) gained 1.5%, and official trump (TRUMP) added 8.6%. Official melania (MELANIA) coin, however, registered only a 0.12% uptick over the past day, far less than TRUMP’s performance.
TRUMP rallied despite 40 million coins being unlocked this week. Although TRUMP posted a significant advance, it ranked just tenth among Saturday’s meme coin gainers. On April 19, bitcoin wizards (WZRD) jumped 67.2% and ai companions (AIC) climbed 25.2%.
SIREN climbed 19.8%, AIKO jumped 17%, and LOFI recorded a 14.5% gain. Despite today’s uptick, meme coins have endured steep losses year to date. To date, the meme coin economy has contracted by $78.93 billion, falling from $127.91 billion in the first week of January to $48.98 billion currently.
Although TRUMP is up 8.8% today, it remains 88.7% below its all-time high. Even WZRD, the meme coin economy’s largest gainer, remains 87.3% below its all-time peak.
Despite the contrasting fortunes within the meme coin sector, the gap between current valuations and historic peaks signals a broader caution among investors. As price swings continue, participants must balance hopes for a rally against the persistence of losses.
