The pop culture token is also one of a handful of crypto assets with a spot ETF trading in the United States, having earned approvals from the SEC for issuers like Bitwise and Grayscale late last year.
But those ETFs haven’t seen much action, with just more than $7 million in total inflows collectively since their inception, according to data from SoSoValue. That figure pales in comparison to the flows hitting Bitcoin and Ethereum ETFs, which have brought in more than $55 billion and $11 billion, respectively—albeit since 2024 for both.
Nevertheless, centralized exchange volumes for the asset place it right alongside some of the ecosystem’s biggest trading pairs, like on Binance where it generated more than $197 million in volumes in the $USDT trading pair over the last 24 hours. That’s 50% higher than volumes for the BNB-$USDT trading pair on the exchange, according to data from CoinGecko.
Other popular meme coins have had a fruitful 24 hours as well, like Ethereum-based PEPE and Solana’s BONK, which have jumped 8.8% and 7.5% in the last 24 hours, respectively. The pair are now trading at $0.00000535 and $0.0000056.
The pair have helped buoy the meme coin category as a whole, which has only risen around 5% in the last day of trading.
Another notable mover include last cycle’s meme coin darling Fartcoin (FARTCOIN), which has jumped nearly 12% to $0.18. At that price, though, the token sits around 93% below its all time high of $2.48 from January 2025.
The day that Fartcoin achieved its all-time high, President Trump launched his official meme coin—TRUMP—on the Solana blockchain. And while most leading memes are posting outsized gains on the day, the President's official meme coin is only up 1.2% in the last 24 hours, recently changing hands at $3.46. At that mark, the token is now more than 95% off its all-time high.
decrypt.co
