AI Meme Coins Jump 26.4% in 24 Hours, Surpassing 10 Billion: CoinGecko
The popular cryptocurrency-related analytics service CoinGecko has published data on AI-themed meme cryptocurrencies as they have shown incredible growth today, January 2, skyrocketing in market capitalization.
According to this popular data platform, today, the total market value of AI meme coins has surpassed 10 billion dollars, showing an incredible growth of 26.4% in the last 24 hours.
Ai16z leads the AI meme coin rally ahead of New Year's Eve
Regarding the trading volume over the last day, it has reached an impressive 2.46 billion dollars. The largest AI meme coin among them is ai16z with a market capitalization of 2.659 billion.
As reported by U.Today earlier, this AI meme cryptocurrency led the meme coin rally in late December, showing an astonishing increase of 40% in price in a single day — December 28.
Two weeks before that day, a mysterious whale spent 10 million USDC to acquire 13.16 million ai16z. Within two weeks, the price increased significantly, bringing the whale an unrealized profit of nearly 6 million dollars.
Speaking of the price rally, this meme coin, despite having been launched in October 2024, has already reached heights that surpass the leaders of the meme coin market — Dogecoin, Shiba Inu, and Pepe Coin, as ai16z is currently trading at 2 dollars, while DOGE is priced at 0.34 dollars and both SHIB and PEPE are priced well below 1 dollar per coin.
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Elon Musk briefly changes the X logo to PEPE
On December 31, tech billionaire Elon Musk surprised the crypto and X communities by adopting a new pseudonym on the X app, along with a new avatar, for two days. He began calling himself Kekuis Maximus, placing an image of Pepe the Frog on his profile.
Kekius Maximus was inspired by the popular meme Pepe the Frog and the main character of Ridley Scott's movie Gladiator, Maximus Decimus Meridius — the meme character of the frog wears Roman armor and a red cape, resembling a Roman general in it. The official PEPE account on the X platform reacted to Musk's maneuver, saying 'game on.'
This drove the price of the PEPE coin to shoot up nearly 12%. The founder of Cardano, Charles Hoskinson, reacted, saying that 'normies' may struggle to understand the concept of 'Kek'. He said it contains 'sixteen layers of memes, internet culture, and definitely crypto underneath all this.'