A Brief Analysis of Meme Coins: BONK, BRETT, MOG, SHIB, and FLOKI (July 10, 2024)
Bullish Movement:
$BONK : Soared 10% in the last 24 hours, making it the largest Solana meme coin. The rise was driven by live events, partnerships, and increased volume and social dominance. Open interest also rose 13%.
$BRETT : Gains 10% gain, bucking broader meme market trend.
$MOG : Soared more than 12%, unseating BOME to become the eighth-largest meme coin by market cap.
Medium Movement:
$SHIB : Up about 22% since the July 5 market drawdown. Accumulation by non-exchange whales increases, while exchange whale holdings decrease.
Slow Movement:
$FLOKI : Up less than 2%.
