The meme coin market has seen a notable surge over the past week, with several tokens rallying amid growing retail interest and market recovery.
Among the top gainers, $NEIRO a dog-themed meme coin made headlines with an impressive 32% spike in less than 24 hours, hitting an all-time high of $0.00217 on October 12, 2024.
This price surge propelled Neiro into the top 100 cryptocurrencies by market capitalisation, crossing the $916 million mark.
Neiroâs rapid rise has been attributed to renewed interest in dog-themed meme coins, coupled with the announcement of the Neiro Foundation charity initiative, which aims to support animal protection causes worldwide.
Additionally, Neiroâs decision to end its collaboration with the Gotbit market makerâcurrently under investigation by US regulatory bodiesâfurther fueled market excitement.
Neiro is not alone in its success. $Popcat (POPCAT), another popular meme coin, surged by 13.1% overnight, while Dogwifhat (WIF) saw an 8.8% increase during the same period.
These gains come as part of a broader meme coin rally, with the entire cryptocurrency market up 1.5% today. Other notable players include SPX6900 (SPX), which saw a 65% jump in just 24 hours, nearing entry into the top 100 cryptocurrencies.
meme coins continue to drive market sentiment, particularly as retail investors seek high-risk, high-reward opportunities.
