Memecoins led the market recovery in the last 24 hours with assets like FLOKI and DOG.
Digital assets maintain their momentum after intraday trading saw record inflows for FLOKI, DOG, and other meme coins. Meme-top cryptoassets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) can also see market growth. The broad market cap is over $2.56 trillion while memecoins are over $66.3 billion.
Top meme coins have recorded arrivals as the top ten sitting in the green zone apart from MAGA. The Trump-themed token saw a dip after a high-flying win as the US election approached. FLOKI and DOG have added assets to the top 10 meme coins by market capitalization.
Floki and Dog top charts
In the last 24 hours, Meme Tokens moved higher and the above assets inflowed. Popular asset FLOKI posted gains of 12.8%, paring some of the asset’s weekly losses.
In the past seven days, FLOKI saw a 1.7% outflow due to a broad market bearishness while long-term growth is in the green zone. The monthly flow for the asset rose to 43.2%, giving it a 744% increase in its 12-year drive.
The FLOKI addition makes it one of the leading memecoins with a market capitalization of over $2.6 billion with a daily trading volume of over $613 million. At press time, FLOKI trades at $0.0002711.
DOG, the ninth-largest meme coin by market capitalization, saw a gain of 27.9%, outperforming most assets. With a market capitalization of $945 million, Memecoin exchanges hands at 0.0095. Weekly inflows have seen asset gains of 125% and 215% this month.
The benefits of a broader asset footprint
In general, the broader market turned positive although some assets saw modest corrections. Bitcoin and Solana recorded gains of 1.25% and 1.88% respectively. BNB saw further significant gains with its price rising to $634 after a 4% increase in price and a 70.3% increase in trading volume.
Meme coins like Brett, Bonk and Doge Wift ticked upwards. However, Dogecoin, Shiba Inu, and PEPE suffered minor losses.