Memecoins made full use of the return of bullish sentiment on Monday, with the less established ones topping the biggest market gainers list.
What happened: Solana (CRYPTO: SOL)-based BOOK OF MEME pumped over 28% to become the best-performing cryptocurrency in the last 24 hours.
The token spiked to levels not seen since July 30, with trading volume surging over 68% to $702.34 million.
| Cryptocurrency | Gains +/- | Price (Recorded at 11:30 p.m. EDT) |
| BOOK OF MEME (BOME) | +28.76% | $0.01099 |
| Cat in a dogs world (MEW) | +22.00% | $0.008811 |
| Bonk (CRYPTO: BONK) | +10.04% | $0.00002346 |
.Cat-themed memecoin cat in a dogs world occupied the second spot in the biggest 24-hour gainers list after a 22% surge. The coin's trading volume nearly doubled over the last 24 hours, indicating high buying pressure.
Yet another Solana-based token, Bonk, bounced 10%, becoming the best-performing billion-dollar capitalization meme coin in the 24-hour period.
Blue-chip currencies such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) also saw decent gains, rising 3.78% and 3.13%, respectively.
Overall, the total meme coin market capitalization rose over 6% in the last 24 hours.
The upsurge followed a broader market rally that saw market bellwether Bitcoin (CRYPTO: BTC) surge over 5% to hit levels not seen since late July.
Photo by stockphoto-graf on Shutterstock
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