According to data aggregator CoinGecko, the ten largest solanium meme coins by market capitalization have posted gains over the past 24 hours. While bitcoin (BTC) and major altcoins fluctuated, tokens such as POPCAT and MANEKI showed double-digit jumps.
U. S. Federal Reserve Chairman Jerome Powell announced today that interest rates will not be cut until inflation shows signs of returning to the 2% level. This means that risk assets such as stocks and cryptocurrencies will remain less favorable than US Treasuries. At the time of writing, #BTC is down 2.7% in the last hour.
Despite this, MANEKI is up 38% in the last 24 hours and POPCAT is up 24.8% in the same period. Among other cat-themed coins, MEW and WEN are up 3% and 6.5%, respectively.
WIF, Solana's largest #meme coin by market capitalization, also #rose 3.7%, followed by BONK with a 3% increase; BOME, a token issued by Solana this year to convey the first pre-sale meme mania to investors, rose nearly 2%, the smallest increase in the group. The results show.
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