The meme coin 3AC soared by over 47%, trading at $0.04516.
The market cap of meme coins has reached $58.1 billion in the last 24 hours.
The overall crypto market is currently striving to get its bullish hold after a brief downturn. The market cap has spiked over 2.40% to $2.25 trillion and trading volume has surged by 45.73%.
Recently, the potential rise of meme coins observed in the market has gained attention within the market. The meme coin market cap has reached $58.1 billion by gaining 2.3% in the last 24 hours.
Meanwhile, a crypto analyst, Murad, stated that meme coins will dominate this market cycle. With its appeal and momentum, people might push these tokens to new heights. Adding that, they will outperform everything in this cycle.
Notably, the Three Arrows Capital co-founder Su Zhu, announced that he has taken a long position in the meme coin, THREE ARROWZ CAPITEL (3AC) at a price of $0.0321. The token has gained over 35% in the past 24 hours. Three Arrows
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