Get your weekly, bite-sized digest of meme coin news.
• Meme Coin News: Market Highlights
• Meme Coins Are on Rise, Lead Market Surge
• Ton Launches Memelandia
• Popcat Hits ATH, Vitalik Buterin Sells MOODENG
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Meme Coin News: Market Highlights
Over the past 24 hours, the meme coin market capitalization has increased by 9.2% to $55.2 billion.
Very few coins are red today.
This list is led by Fu (FU) and the Solana-based Moo Deng (MOODENG), both of which fell around 13.5% to the prices of $0.0001653 and $0.1232, respectively.
Baby BNB (BABYBNB) and Mother Iggy (MOTHER) follow with drops of around 6%, while the rest of the list is down 4% and less.
On the green side, the best performer is another Moo Deng (MOODENG). The newer, Ethereum-based token is up a whopping 222% to $0.00009793.
Keyboard Cat (Base) (KEYCAT) is next with an 81.6% rise to $0.00612, followed by SPX6900 (SPX)’s 70.2% increase to $0.3654.
The rest of the list is up below 50%.
At the same time, all top 10 meme coins per market cap are green today.
Source: cryptonews.com/coins/meme-coins/
Half of this list are double-digit increases.
The day’s best performer in this category is Dogwifhat (WIF). It’s up 19.5% to $2.67.
Turbo (TURBO) follows with an 18.4% rise to the price of $0.00615.
When it comes to the top coins per market cap, Dogecoin (DOGE) is up 4.8%, currently changing hands at $0.11426.
Shiba Inu (SHIB) and Pepe (PEPE) recorded 6.4% and 13.3% increases, respectively.
Meme Coins Are on Rise, Lead Market Surge
The global cryptocurrency market capitalization is up 1.6% over the past day, standing at $2.32 trillion.
Notably, among the top 100 coins per market cap, meme coins lead the very green list.
Of the top six best-performing coins in the market, four are meme coins.
What’s more, Dogwifhat (WIF) is the best performer in the overall market with a 19.4% rise to the price of $2.67.
Next up is Popcat (POPCAT), which recorded a 19.2% increase to $1.45.
That’s not all, as PEPE and BONK are also on this list with increases of 13.2% and 11.5% to $0.0000106 and $0.00002294, respectively.
Source: coingecko.com
According to Alex Andryunin, Founder and CEO of performance-focused market maker Gotbit Hedge Fund, October is set to continue the upward trajectory seen in September.
It will likely see double-digit gains “as new tokens capture attention and market sentiment remains positive.”
“The memecoin market thrives on community engagement and social media momentum, making it one of the most promising sectors,” Andryunin said. “Investors should closely follow emerging trends and macroeconomic shifts to maximize potential gains.”
The meme ecosystem recorded “a considerable price growth” of 920% over the prior 30 days, the CEO said in an October 3 email.
It experienced “a significant bullish surge,” “propelled by heightened investor enthusiasm, the launch of innovative memecoins, and macroeconomic factors like the US Federal Reserve’s decision to lower interest rates, which encouraged investment in riskier assets.”
Andryunin noted that major tokens like Shiba Inu, Pepe, and Dogwifhat helped bring the market cap up to “an impressive” $55 billion.
This highlights “strong retail interest in these assets.”
The best performers include Dogwifhat, Bonk, and Floki. These coins benefited from strong community engagement and the viral branding appeal, the CEO noted.
Ton Launches Memelandia
Telegram-related The Open Network (TON) has launched a new, meme-focused platform ‘Memelandia’.
According to the blog post, TON Memelandia is “a decentralized utopia where memecoin communities thrive, compete, and create.”
It’s created by the TON Community and supported by the TON Foundation and the TON Society.
“Our goal is to become a leading memecoin ecosystem inside Telegram & beyond and quite simply we won’t sleep until we reach that goal,” the creators said.
Additionally, the blog post announced the TON Memecoin Working Group – an association of independent contributors who will develop and execute a strategy for growing the meme coin narrative in the TON ecosystem.
These include DeFi strategist Stefan (AnaTONomantra) and MEMECOIN founders Jason Langston (Jax) and Julien Paredes (Metafroggy).
The platform offers a unique space for meme coins to grow, it added. “Compared to other ecosystems, TON’s strategic position allows it to onboard Telegram’s massive audience into crypto in general and memecoins in particular.”
The team argued that meme coins are not simply a passing fad, but a cultural force and “a massive, growing vertical in crypto.”
This crypto category is also challenging traditional finance.
Therefore, Memelandia’s will offer battles with prizes and airdrops, marketing support for meme coins, community events, and more.
The realms within Memelandia include the Launchpad Lair, Meme Mountain, Cabal Arena, Community Forest, Memecoin Armery, and Lagoon of Digital Resistance.
Popcat Hits ATH, Vitalik Buterin Sells MOODENG
Popcat (POPCAT) is one of the day’s best performers.
As a matter of fact, it’s the second-best performer among the top 100 coins per market cap.
It recorded a 19.2% increase to $1.45.
POPCAT appreciated 54.5% in a week and 186.5% in a month.
Just hours before the writing of this article, the coin hit its all-time high of $1.47.
It’s also up 38,276% from its all-time low of $0.003797.
The coin’s market capitalization is just below $1.425 billion.
Meanwhile, before the price surged, a whale bought millions of POPCAT for 4.13 million USDC – making a whopping $4.36 million as the price surged.
Another well-performing coin today is Moo Deng (MOODENG).
More precisely, Ethereum-based MOODENG is up more than 100% in a single day and 893.3% in a week. There is no longer-term data yet.
This coin currently trades at $0.00008349.
Its highest price was $0.0001163 recorded on October 7, just hours before this writing. It’s currently 28.63% lower than the ATH price.
However, the Solana-based MOODENG is down 7.4% in a day to $0.1242.
It fell 49.1% in 7 days and rose 165.2% in 14 days.
On September 28, this coin hit its ATH of $0.3387, falling 64% since.
Notably, according to Lookonchain, on October 5, Ethereum co-founder Vitalik Buterin sold some coins he had received, including MOODENG, NEIRO, KABOSU, and DEGEN.
As for the first one, Buterin sold 11.76 billion MOODENG for 21.03 ETH ($52,293).
He left some 50 billion tokens for himself.
Also on October 5, Buterin sent 100 ETH to the “Free Alexey & Roman” campaign, according to Spotonchain.
The campaign supports the legal defense of the TornadoCash developers Alexey Pertsev and Roman Storm.
It’s not clear whether Buterin supported the cause with the ETH he had made from the meme coin sale.
Meanwhile, MOODENG made major news globally – in crypto and TradFi publications – when a trader turned a $1,300 investment into $3.4 million.
After that, whales continued pouring in thousands – even millions – into the project.
Previously, in late September, a whale bought coins for 10,156 SOL ($1.59 million). The same person bought an additional bag of millions of MOOGEN just a day later, becoming the second-largest holder, according to Lookonchain.
The post Meme Coin News: Ton Launches Memelandia, Popcat Hits ATH, Vitalik Buterin Sells Tokens appeared first on Cryptonews.
