The cryptocurrency market is seeing a surge in activity as several memecoins surge in price, attracting traders and investors. Book of Meme (BOME), Cat in a Dog’s World (MEW), Bonk (BONK), Floki (FLOKI), and Popcat (POPCAT) have all made significant moves in the market over the past 24 hours.
BOME shows strong trading volume and market volatility
Book of Meme (BOME) is priced at $0.010470, with a 24-hour trading volume of $658,748,396. It has increased by 18.35% over the past day, with a market capitalization of $721,986,730. The circulating supply of memecoin is 68,958,891,277 BOME coins. Derivatives trading data shows a 55.32% increase in volume to $2.06 billion.
Open interest also increased by 43.23%, indicating increased market activity. However, the long/short ratio showed mixed sentiment, with Binance and OKX traders trending bearish. Significant liquidations, especially in long positions, showed volatility for traders.
MEW Trading Dominated by Bullish Sentiment
Cat in a Dog's World (MEW) is experiencing a significant price increase of 18.23%, with a price of $0.008634. Memecoin has a circulating supply of 88,888,888,888 MEW coins and a market capitalization of $767,489,467. Trading volume increased by 66.51% to $973.32 million, while open interest increased by 33.80%.
Market sentiment on Binance is strongly bullish, especially among top traders, where long positions dominate. On OKX, traders have a more bearish outlook. However, $1.30 million in liquidations over the past 12 hours highlights the recent volatility in the market.
BONK Rises as Traders Navigate Mixed Sentiment
Bonk (BONK) has seen a 4.08% increase in the last 24 hours, with a price of $0.000023 and a trading volume of $255,400,606. Its market capitalization is $1,687,588,473, with a circulating supply of 73,985,903,744,354 BONK coins. Bonk derivatives trading shows a 26.7% increase in volume to $65.92 million and a 7.34% increase in open interest.
While the 24-hour long/short ratio shows a somewhat bearish overall sentiment, OKX traders are bullish. Liquidations from short positions suggest a potential market recovery after the recent decline.
FLOKI traders remain optimistic amid surging market
Floki (FLOKI) is priced at $0.000150, with a 24-hour trading volume of $253,530,609. FLOKI is up 3.07%, with a market cap of $1,442,031,236 and a circulating supply of 9,597,108,065,734 FLOKI coins. Derivatives trading activity has increased, with volume up 64.91% and open interest up 12.09%.
OKX traders are bullish, with a long/short ratio of 2.45. Liquidation data also shows volatility, as $64.59k in 24-hour liquidations came mostly from short positions. As FLOKI trends on major exchanges, memecoin presents interesting opportunities for traders.
POPCAT Faces Mixed Sentiment Amid Market Volatility
Popcat ( POPCAT ) is trading at $1.37, with a 24-hour trading volume of $114,228,137. However, it is down 4.00%, with a market cap of $1,341,006,865 and a circulating supply of 979,973,185 POPCAT coins.
POPCAT derivatives trading saw a 6.58% drop in volume, reflecting cooling market interest. The 24-hour buy/sell ratio shows mild pessimism, although top traders on Binance remain bullish. Total liquidations were $910.42k over the past day, mostly from long positions, indicating that the market remains volatile.
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