Meme Coin Market Up 4.6% with BODEN Leading

Bitcoin Tops $70,000, Triggering Gains for Meme Coins

Bitcoin's Wednesday surge to over $70,000 has sparked significant gains for leading meme coins in the past 24 hours. Shiba Inu (SHIB) rose by 7.7%, while Dogecoin (DOGE) increased by 2.1%.

Among the top five meme coins, Floki (FLOKI) recorded a notable 21.2% surge. However, BODEN emerged as the day's biggest winner, skyrocketing by 46%.

Meme Coin Market Expands

The meme coin market has witnessed a 4.6% increase against the U.S. dollar, with an estimated total valuation of $68.78 billion. Four out of the top five meme coins by market capitalization experienced gains, with Floki leading the way with a 21.2% increase. Only Pepe (PEPE) declined, falling by 0.8%.

Notable Gainers

Dogecoin saw a modest 2.1% increase, while Shiba Inu climbed by a more significant 7.7%. WIF also experienced a 4.1% growth. BODEN, the presidential meme token, stood out with an impressive 46.4% surge. Other notable gainers included Non Playable Coin (NPC) with a 35.7% increase, Wojak (WOJAK) with a 32.3% increase, and several others posting double-digit gains.

Mixed Performance

Despite the overall positive performance, some meme coins faced declines on Wednesday. OPTI dropped by 23.7%, OMIKAMI fell by 19.3%, GME decreased by 18.7%, and STRUMP declined by 17.9%. Many meme tokens linked to the GameStop, Roaring Kitty, and Wall Street Bets trend recorded losses.

Disclaimer

This article provides informational purposes only and does not constitute legal, tax, investment, financial, or any other type of advice.