- The total meme coin market cap rose roughly 5% week-over-week, adding over $1.5 billion to reach about $31.24 billion.
- While the broader market faces pressure, some memecoins like Siren surged nearly 104% WoW, briefly hitting a $1.7 billion market cap.
- Major memecoins Dogecoin and Trump fell about 1.5% and 6.5% respectively, despite ongoing market focus.
The cryptocurrency market is currently gripped by intense volatility and bearish momentum, with geopolitical shifts applying pressure and causing widespread price slips. However, several memecoins have surprisingly defied this trend, showing significant recovery and surge dynamics as of late.
Consequently, the total meme coin market cap rose roughly 5% week-over-week, “adding more than $1.5B to reach about $31.24B,” according to data shared by CoinMarketCap on X. This performance occurred while Bitcoin struggled to surpass $70,000, putting the broader market in a shedding mode.
Meanwhile, large-cap memecoins presented a mixed picture. For instance, Memecore gained more than 6%, while Dogecoin and the Trump token fell about 1.5% and 6.5% respectively. The Trump token’s slip happened even with the upcoming tokenholder GALA for the US president on April 25 still in focus.
The standout performer was Siren, which “stole the show” according to the same report. The BNB Chain AI agent token surged nearly 104% week-over-week, briefly hitting a $1.7 billion market cap before retracing and rebounding above $1.4 billion.
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