Memecoins have seen a slight recovery in the last 48 hours following the cooling after the US Fed meeting that left interest rates unchanged. As crypto assets pick up gains, analysts opine that increased market sentiments are also seen in stocks as the correlation continues.
The total memecoin market capitalization stands at $52.4 billion, an 8.6% jump in the last 24 hours while the crypto market capitalization surged to $2.29 trillion, a 3% increase in the same time frame. While memecoins posted gains, some assets outperformed the market with over 100X gains today.
These gains have been likened to the similar figures recorded in the memecoin frenzy in Q1 2024 although the market remains short of that high. Here are the top trading memecoins today.
SAD HAMSTER (HAMMY)
The asset has soared 202% today significantly outpacing all crypto assets. The meme token continues its good run in recent weeks with bulls projecting more highs in the market. HAMMY trades at $0.0022 with a 24-ho
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