The meme coin sector’s market cap rebounded 3% to $40 billion, but trading volume slipped in a week where there were big runners and noticeable losses across the board.
Introduction
As Binance Blockchain Week takes center stage in Dubai this week, followed by Bitcoin MENA and Solana Breakpoint next week in Abu Dhabi, crypto is finishing the year strong.
Bitcoin jumped back to $93.5K, driven by renewed institutional interest ahead of the last Fed meeting of the year, which is also next week.
https://twitter.com/KobeissiLetter/status/1996245038729507148
Nearly $3 billion in shorts risk being liquidated if Bitcoin extends its rally to $96,250.
https://twitter.com/kkashi_yt/status/1995939122914169248
Altcoins are moving too, with leading meme coins finding mixed fortunes in a chaotic market. Fresh from triple-digit gains last week, pippin (PIPPIN) carried the sector on its shoulders with an explosive 296% pump.
However, our CMC AI tool warns of potential market manipulation, with 50 wallets conducting coordinated buys and sells.
Now, degens have to compete with institutions’ meme coin bidding.
- Bonk has partnered with Bitcoin Capital to land its own ETP on Switzerland’s SIX exchange, pushing the Solana meme coin straight into one of Europe’s biggest stock markets.
https://twitter.com/Bitcapital_ch/status/1994043555254555132
- 21Shares just inched its Dogecoin ETF closer to reality with an S1 update that lays out new fees, custodians, and operational details. The fund is set to trade under the ticker TDOG on Nasdaq.
https://twitter.com/CryptoCoinShow/status/1996207177183465663
7-Day Meme Coin Market Snapshot
The meme coin sector’s market cap rebounded 3% to $40 billion, but trading volume slipped in a week where there were big runners and noticeable losses across the board.
Meme Launchpad Wars
Pump.fun is calling the shots in the launchpad wars after the platform launched +22,400 tokens in 24 hours, per Adam_tehc’s Dune dashboards data.
Meme Coin Market vs Other Crypto Sectors
The meme sector is unchanged on DeFiLlama’s narrative tracker rankings. However, it closed the week in the green.
Top 20 Meme Coin Leaderboard
The top 20 meme coin leaderboard is more green than red, with PIPPIN running wild, though Bubblemaps warns that insiders own half of the token supply.
https://twitter.com/bubblemaps/status/1995840702916542758
Meme Coin Charts: 7-Day Insights
Biggest Gainers (7D%)
- pippin (PIPPIN): +295.96%
- Fwog (FWOG): +67.48%
- Zerebro (ZEREBRO): +63.71%
- Turbo (TURBO): +48.25%
- BUILDon (B): +41.93%
Biggest Decliners
- Banana For Scale (BANANAS31): -30.93%
- Wojak (WOJAK): -22.18%
- Giggle Fund (GIGGLE): -19.65%
- elizaOS (ELIZAOS): -18.74%
- Pythia (PYTHIA): -16.75%
Meme Coin News
1. DEX Mania Breaks New Records
Meme coin speculation has pushed DEX volumes to their highest level ever, with the DEX-to-CEX spot ratio hitting a peak of 37.4% amid a surge on PancakeSwap. DEX activity has more than tripled in five years as traders pile in for faster moves and fresh meme action.
Chain-Specific Highlights
Solana Memes
- Bonk price stays muted despite ETP listing in Switzerland.
Ethereum Memes
- Shiba Inu is up 3%.
BSC Memes
- BUILDon climbs +40% while Giggle Fund (GIGGLE) sinks.
Sui Memes
- MemeFi extends its losses.
Base Memes
- BRETT and DEGEN gain 7% and 8%, respectively.
What Can You Do Next?
- Track BONK ETF inflows to position for liquidity shifts.
- Adjust your trade setup ahead of next week’s Fed decision.
- Look out for moves before next week’s Solana Breakpoint conference in Abu Dhabi.
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