The meme coin market continues to surge, with the overall market capitalization increasing by 9.2% in the past 24 hours, bringing the total to $55.2 billion.
Top Performers and Market Movement
Among the standout performers is Moo Deng (MOODENG), the Ethereum-based token, which soared 222% to reach $0.00009793. Other notable performers include Keyboard Cat (KEYCAT), rising 81.6% to $0.00612, and SPX6900 (SPX) with a 70.2% increase to $0.3654. Meanwhile, Dogwifhat (WIF) led the charge among the top 10 meme coins, jumping 19.5% to $2.67, followed by Turbo (TURBO), which gained 18.4% to $0.00615.
Dogecoin (DOGE) and Shiba Inu (SHIB) also saw positive movement, increasing 4.8% and 6.4%, respectively, while Pepe (PEPE) experienced a strong 13.3% rise.
Meme Coins Leading Market Surge
The meme coin sector is driving the broader cryptocurrency market, which has grown 1.6% to a total valuation of $2.32 trillion. Four of the six best-performing tokens in the top 100 market cap belong to meme coins, with Dogwifhat (WIF) and Popcat (POPCAT) leading the way.
Popcat (POPCAT) hit an all-time high (ATH) of $1.47 following a 19.2% surge, and its market capitalization now sits just below $1.425 billion. Over the past week, POPCAT has gained 54.5%, and over the past month, it’s up a remarkable 186.5%.
Ton Launches Memelandia
In a significant development for the meme coin community, The Open Network (TON) has launched Memelandia, a decentralized platform for meme coin communities to thrive. Memelandia, supported by the TON Foundation and TON Society, aims to become the leading ecosystem for meme coins within Telegram and beyond.
Memelandia offers unique features like a Launchpad Lair, Meme Mountain, and Cabal Arena, designed to foster growth, community engagement, and innovation in the meme coin sector. The TON team believes meme coins are more than just a passing trend, but rather a cultural movement that is disrupting traditional finance.
Vitalik Buterin Sells Meme Tokens
In other major news, Vitalik Buterin, co-founder of Ethereum, sold several meme tokens on October 5, including MOODENG, NEIRO, KABOSU, and DEGEN. Buterin sold 11.76 billion MOODENG for 21.03 ETH ($52,293) but retained 50 billion tokens for himself. His involvement in meme coins continues to draw attention, especially as his sale coincided with the MOODENG token’s surge of 100% in a single day.
Buterin also made headlines for donating 100 ETH to the “Free Alexey & Roman” campaign, supporting the legal defense of TornadoCash developers.
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