With bitcoin exceeding $70,000 on Wednesday, the leading meme coins experienced notable increases over the last 24 hours. Shiba inu (SHIB) advanced 7.7% in the past day, while dogecoin (DOGE) rose 2.1%. Among the top five meme coins by market capitalization, floki (FLOKI) saw a 21.2% increase over the past day. However, BODEN emerged as Wednesday’s highest gainer, soaring 46%.
Meme Coins BODEN, NPC, WOJAK, and FLOKI Capture Double-Digit Gains
Current metrics indicate the meme coin market is up 4.6% against the U.S. dollar, valued at an estimated $68.78 billion. Four out of the top five meme coins by market cap saw gains, with FLOKI’s 21.2% increase being the most significant. Pepe (PEPE) was the only coin in the top five to decline against the dollar, losing 0.8%.
DOGE increased by 2.1%, SHIB climbed by 7.7%, and WIF grew by 4.1%. While most top meme coins are in positive territory, geo boden (BODEN), the presidential meme token, is the leading meme coin gainer of the day, rising 46.4%. Non playable coin (NPC) surged by 35.7%, and the meme token wojak (WOJAK) increased by 32.3%. Other notable meme coin gainers with double-digit rises include PENG, TYBG, TREMP, and MEOW.
Several meme coins also experienced significant declines on Wednesday. OPTI fell 23.7%, OMIKAMI dropped 19.3%, GME decreased 18.7%, and STRUMP declined 17.9%. Most meme tokens associated with the Gamestop, Roaring Kitty, and Wall Street Bets trend recorded 24-hour losses on Wednesday. Meme coins have performed exceptionally well this year, and currently, the $68.78 billion market cap represents 2.48% of the entire $2.77 trillion crypto economy.
What do you think about Wednesday’s meme coin rise? Share your thoughts and opinions about this subject in the comments section below.
