Solana Meme Coin Moo Deng Flies 530% in a Week Amid 'Macro Hopium'
Meme coins have surged significantly amid a broader crypto market rally, with Bitcoin exceeding $100,000 and Ethereum surpassing $2,500. Moo Deng (MOODENG) emerged as the top meme coin, increasing 533% to a market cap of $242 million, despite a previous decline in popularity. Other notable meme coins include Dogecoin (DOGE) up 42%, Shiba Inu (SHIB) up 32.8%, Pepe (PEPE) up 79.9%, and Dogwifhat (WIF) up 123.7%. The overall crypto market gained confidence following U.S. trade agreements, prompting traders to invest in volatile assets like meme coins. Goatseus Maximus (GOAT) rebounded 558% to a market cap of $253.4 million, while Peanut the Squirrel (PNUT) rose 287%. Token launchpad activity remained stable, with significant trading volume increases. New platforms like Raydium's LaunchLab have contributed to the growth of meme coin communities, exemplified by Titcoin (TITCOIN) and Housecoin (HOUSECOIN).
