Amidst the bearish crypto market conditions, Wuffi emerges as the top gainer with a 50% surge in the last 24 hours.
The overall crypto market cap nosedived by almost 1.4% in the last 24 hours. As per CoinGecko, the global crypto market cap stands at $2.38 billion at press time.
Bitcoin (BTC) and Ethereum (ETH) are showing no signs of movement in this timeframe. Bitcoin is down by over 2.1% in the last seven days, and Ethereum is down by almost 7% during this period.
However, amidst this bearish outlook, few meme coins are outpacing the overall market conditions. One notable meme coin called Wuffi (WUF) has surged by over 50% in the last 24 hours, earning the top gainer spot on CoinGecko.
Read more: NFT sales drop to $89m, Solana overtakes Bitcoin for 2nd place
WUFFI jumps 50% as team burns 317 billion WUF
WUFFI has reached a market cap of $103 million, as the coin has surged from a 24 hour low of $0.00000008106 to as high as $0.0000001233.
The coin is trading in the green territory when it comes to its price performance in the last 30 days with its 130% surge.
Source: Chart from CoinGecko
One of the most logical reasons for this pump is the latest initiative by the WUFFI team. The team has recently burned a total of 317 billion WUF.
The project’s X account has closed to 700k community members who have likely noticed this initiative. This decision has likely ended up being positive, which is evidenced by its recent pump.
Massive $WUF Burn Completed! 🔥You asked for it, and we delivered! Today, we burned 168B+ $WUF from our buyback with $TON from WuffiTap & YouTube ad revenue! Plus, another 149B+ $WUF in unclaimed S1 rewards—gone for good!Who's ready for the NEXT burn? pic.twitter.com/jWKPVx4XYh
— WUFFI! (@WUFFI_Inu) October 23, 2024
KLAUS and STFC pump close to 50%
A meme coin called Klaus (KLAUS) has earned the position of the second-largest gainer on CoinGecko. The coin has surged by almost 49%, hitting the price level of $0.0269.
Klaus has a low market cap of $26.7 million. The exact reason for the surge in Klaus’ price is unclear.
However, their team had announced that they hit 6,000 Klaus holders yesterday.
6,000 $KLAUS holders. Greatest community in memes pic.twitter.com/MMyujVPwdx
— Klaus (@KlausOnEth) October 26, 2024
STFX is moving right behind KLAUS with its 46% pump. The coin has surged from a 24-hour low of $0.02884 to a high of $0.04254.
The coin is also up by over 580% in the last 30 days. The project had announced that they are officially moving to Solana (SOL) soon. In addition, they mentioned that they are in the final stages of a full rebuild of their dApp.
$STFX is officially moving to @solana (soon!)We are in the final stages of a full rebuild of the dApp, and will soon be joining you all in the trenches 💪But why the big move Solana? Lets take a look 👇 pic.twitter.com/EFKDMpv6w9
— STFX (@STFX_IO) October 14, 2024
STFX stated that they are seeing exponential growth happening on Solana, which is the primary reason for their transition.
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