Crypto markets are making a rebound as macroeconomic data drives bullish reactions in top assets and meme coins. Recovering from weekly lows which saw billions in outflows and massive liquidation of long positions, crypto enthusiasts forecast growth to previous highs.
At press time, the total crypto market cap stands at $2.52 trillion, a 3% increase while meme coins moved up 1% to $61.9 billion. The recent CPI data is igniting market participants as United States inflation cools. Year-on-year figures in May were at 3.3% below the projected 3.4% expectations. Similarly, core CPI increased by 3.4% against the anticipated 3.5%. Monthly numbers also came in cooler than expected with market bulls projecting future interest rate cuts. Here are the top meme coins skyrocketing following the CPI data.
Zoomer (Sol)
Zoomer is the biggest gainer in the last 24 hours recording gains above 140%. The assets surged 157% this week despite slow performance due to the wider market downturn. Overall,
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