news.bitcoin.com
In the past week, meme coins have been on a roll, with shiba inu ($SHIB) leading the top five pack, gaining 35.5% against the U.S. dollar over seven days. However, the real standout was $MOODENG, the meme token inspired by a baby pygmy hippopotamus from Thailand. The newly launched Solana-based coin hit its all-time high on Friday, climbing to $0.3387. By Saturday, $MOODENG was cruising along at $0.3052.
Meme Coin Market Booms
Meme coins had quite the week, with the market jumping 8% against the U.S. dollar in the last 24 hours. As of noon Eastern Time on Sept. 28, the meme token economy reached a value of $56.99 billion.
Leading the pack in market capitalization is dogecoin ($DOGE), sitting at $19.12 billion. $DOGE enjoyed a 21.4% boost this week, now trading at $0.1313 per coin. Shiba inu ($SHIB) outshined the top five meme coins, taking the lead with a 35.5% climb. Currently, $SHIB is priced at $0.00002001, though it’s down 5.4% over the past 24 hours.
The real star of the week was $MOODENG, the meme token inspired by the baby pygmy hippo from Thailand’s Khao Kheow Open Zoo. Yesterday, it soared over 1,400% during the week, and today, its seven-day performance still shows an impressive 713.8% gain.
$MOODENG now boasts a market valuation of $305 million, making it the 218th largest by market cap. Other meme coins also had a strong showing, with ordinals pups (PUPS) climbing 170%, billion dollar cat (BDC) rising 156.9%, and spx6900 (SPX) gaining 149% over the week.
However, not every meme coin shared the spotlight—coco coin (COCO) dropped 50%, and tron bull (BULL) slid 18.6%. As the meme coin market continues to captivate investors this year, it’s clear that volatility remains the name of the game.