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Most meme coins are up as the sector wakes after Tron released its own version of Pump.fun. In turn, market favorites Pepe (PEPE), Dogwifhat (WIF), and Brett (BRETT) have all leaped in value.
The biggest winner on the day is Sundog (SUNDOG) the largest meme coin launched through SunPump, the Pump.fun competitor launched by controversial Tron creator Justin Sun. Within days of launching, the token has broken past a market cap of $178 million and is up 124% over the past 24 hours.
No other token launched by the new protocol has come close to Sundog with FoFar (FOFAR) in runner up at a market cap of $25 million, trading sideways on the day.
Another big winner is Base chain’s star meme coin BRETT, up 26%. It’s been inching closer to reclaiming a $1 billion market cap—a status it lost earlier this month. Popcat (POPCAT) is also up 26%, Dogwifhat (WIF) has jumped 19%, and Mog Coin (MOG) has climbed 17%.
And in the land of Shiba Inu-based meme coins, the Neiro’s are still battling it out. Neiro On ETH (Neiro) is up 29% on the day and now has a market cap of $160 million with its Ethereum competitor Neiro (NEIRO) falling 38% to $20 million. Meanwhile its Solana rivals sit at $11 million and $4 million. It appears that Neiro on ETH has come out on top of the dog-based civil war.
Notably, there are only 12 losers in the top 100 meme coins by market cap, according to CoinGecko.
And most notably of those is Smoking Chicken Fish—a meme coin that has registered itself as a church and formed a religion around a comical picture of a fish with a cigarette in its mouth. It has lost 11% on the day. This sees the token falling below a market cap of $24 million.
Today’s meme coin gains happen against a backdrop of traders have been growing frustrated with meme coin factory Pump.fun for saturating the market with too many tokens. But with the launch of a Tron competitor to the token launchpad, it appears to have breathed new life into the sector.
Edited by Stacy Elliott.