Meme coins are making double digit moves in both directions in the wake of Bitcoin breaking the $100,000 milestone.
The biggest winner is the Base chain token Ski Mask Dog (SKI) that has moved 50.8% on the day and 862% over the week, after news broke that a U.S. Congressman bought it saying “I liked the coins.”
Other star performers include Gigachad (GIGA) jumping 36% following its Coinbase and Kucoin exchange listings, retro internet meme Keyboard Cat on Base (KEYCAT) up 21.8%, and Pump.fun-created Michi (MICHI) up 21.3%.
Keyboard Cat Meme Coins Go Legit With Official License
Keyboard Cat creator Charlie Schmidt recently united two meme coins under the same banner: a licensing agreement for leveraging the likeness of his famous musical cat. The artist posted a 54-second clip of his cat Fatso playing the piano online 17 years ago. Since then, the video has become enshrined in internet culture, netting 77 million YouTube views and inspiring meme coins on Solana and Coinbase's Ethereum layer-2 network Base. There used to be a sense of confrontation between the two commu...
While these tokens have made major moves, none of the top 10 meme coins have hit double digits. Dogecoin (DOGE) is up 6.6% over the past 24 hours, Shiba Inu (SHIB) 4.2%, and Pepe (PEPE) 4.6%. Meanwhile Dogwifhat (WIF) dropped 3.5%, Bonk (BONK) slipped 1.1%, and Popcat (POPCAT) 3.9%.
Outside of the top ten, there are also some big losers.
Truth Terminal manifested Fartcoin (FARTCOIN) has tanked 26.5%, viral pygmy hippo Moo Deng (MOODENG) has dropped 19.5%, and TikTok famous meme Just a chill guy (CHILLGUY) has fallen 17.7%.
But that’s not it, there is more blood on the streets. AI token Dolos the Bully (BULLY) is down 16.5%, Non-Playable Coin (NPC) 12.9%, and artist-led token Fwog (FWOG) has dropped by 9.4%.
How Crypto Twitter Saved an Artist Being Dumped On By Their Devs
Flog the Frog (FLOG) was one of the most hyped meme coin launches of the year due to its impressive artwork and influencer support. But its core team dumped on investors, crashing the market cap by 91% in just one minute. Fortunately for the project, crypto users on X, formerly Twitter, have rallied behind the artist and made a new token, FWOG, which has now outshone the original meme coin. The chaos followed a week of hype for FLOG, which launched on the Solana-based meme coin platform Pump.fu...
Possibly the biggest loser of the day, however, is Hailey Welch and her recently launched Hawk Tuah (HAWK) Solana meme coin. On launch, it spiked to an impressive $491 million market cap. But HAWK has since crashed 92% to a market cap of just $35 million. This crash was followed by a flurry of “scammer” accusations, with traders saying they were filing complaints with the SEC.
This comes following Bitcoin (BTC) finally breaking past the $100,000 milestone. Its recent surge was motivated by a number of positive signs for the leading cryptocurrency; including the January approval of U.S. spot Bitcoin exchange-traded funds (ETFs), pro-crypto candidate Donald Trump winning the Presidential election, and a promised changing of the guard at the Securities and Exchange Commission (SEC).
Edited by Stacy Elliott.
