Memecoins, led by SHIH, BOBE, and CATFISH, which have recorded gains of over 100X in the past 24 hours, are dominating the crypto market's gains.

Memecoins are on the rise due to the increasing institutional investments in the cryptocurrency market. Last week, a renewed correlation between stocks and crypto assets was observed following the Federal Open Market Committee (FOMC) meeting, where investors decided to keep interest rates unchanged but set new strategies.

Memecoins have benefited the most from the market's resurgence in the past seven days, with significant gains recorded across various categories. The increase in token prices was expected due to the upward surges in assets, rather than following a series of other developments. As the recovery continues this week, here are the top memecoins that have seen gains of 100X.


Shih Tzu (SHIH)

As users flock to the asset, the memecoin surged by 244% in the last 24 hours. Reaching the peak of cryptocurrency asset gains, SHIH ignited a rising trend in the cryptocurrency space. With the rise of memecoins this week, the asset has surged over 240%.

According to CoinGecko, SHIH's market capitalization is $2.1 million with a daily trading volume of over $2 million. Despite long-term gains, the asset experienced short-term losses today. In the last hour, SHIH is trading at a 4.2% decrease.

Book of Billionaires (BOBE)

BOBE ranks second among the memecoins providing the highest gains today. With a 142% increase in the last 24 hours, BOBE indicates a surge driven by the presence of Solana memecoin bulls attracting more entries. The daily volume of the asset is at $1.6 million at the time of writing. The memecoin is relatively new in the market and is trading at $0.07479. While it is far from the leading memecoins, recent gains have attracted many users to the token.

Catfish (CATFISH)

As Catfish continues to attract entries to Solana memecoins, it surged by 101% in the last 24 hours. The asset recorded a 71% increase in seven days, bringing its monthly flow to 112.6%. The memecoin's trading volume is above $515,000. At the time of writing, the memecoin's market capitalization is at $59.3 billion, up 3% today.