The cryptocurrency market is witnessing a resurgence, with the global crypto market cap climbing to $2.34 trillion from last weekend’s $2.17 trillion. As Bitcoin hovers above $68,000 and Ethereum trades around $2,600, a new wave of meme coins is capturing investors’ attention with significant price surges.
Woman Yelling At Cat (WYAC), a meme coin inspired by a popular internet meme featuring Taylor Armstrong from “The Real Housewives of Beverly Hills,” has seen an impressive 80% pump. The coin’s price surged from a 24-hour low of $0.02504 to a high of $0.05288, pushing its market cap to $45.5 million. While the exact catalyst for this surge remains unclear, WYAC’s growing popularity on social media platforms like X (formerly Twitter) has contributed to its momentum. Alphanomics data reveals that WYAC is among the top five biggest price gainers in the last 30 days, with a staggering 6200% increase.
Other meme coins joining the rally include Settled EthXY Token (SEXY) and Phili Inu (PHIL). SEXY, launched in August 2023 on the Ethereum blockchain, has surged by almost 80% from its 24-hour low. Meanwhile, PHIL, featured in the 46th edition of the SHIB Magazine, has pumped by 54% and is up over 130% in the last 30 days. These gains come as the previously popular Popcat (POPCAT) experiences a cooldown, with a 3% decrease in the last 24 hours and a 15% drop over the past week.
The rise of these lesser-known meme coins highlights the volatile and often unpredictable nature of the cryptocurrency market, especially in the meme coin sector. While these coins are experiencing significant gains, investors should approach with caution, as meme coins are known for their high volatility and potential for rapid price reversals. As the broader crypto market shows signs of recovery, it remains to be seen whether these meme coins can sustain their momentum or if they will follow POPCAT’s trajectory of pullback after major pumps.
