Cryptocurrency markets continue their upward trend after intraday trading recovery of FLOKI, DOGE, and other meme tokens recorded significant inflows. Market gains are also visible in top cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). The broader market cap stands above $2.56 trillion, while meme tokens have surpassed $66.3 billion.
Upward Momentum in FLOKI
Leading meme tokens, excluding MAGA, entered the top ten in the bullish zone. Trump-themed tokens experienced a decline after a period of high success as the US elections approach. FLOKI and DOGE led the gains among the top 10 meme tokens by market cap. In the past 24 hours, meme tokens showed an upward trend with inflows into top cryptocurrencies. The popular cryptocurrency FLOKI gained 12.8%, erasing some of the token’s weekly losses.
In the past seven days, FLOKI saw a 1.7% outflow due to the broader market downturn, while long-term growth remained in the bullish zone. The altcoin’s monthly inflows rose to 43.2%, contributing to its 12-year rise of 744%. FLOKI’s surge placed it among the leading meme tokens as its market cap rose to $2.6 billion and daily trading volume exceeded $613 million. At the time of writing, FLOKI is trading at $0.0002711.
Current Data on Altcoins
DOGE, the ninth-largest meme token by market cap, gained 27.9%, surpassing most tokens. The meme token with a market cap of $945 million saw its weekly inflows increase by 125% and 215% this month. Despite minor corrections in some tokens, the market generally showed a positive trend. Bitcoin and Solana recorded increases of 1.25% and 1.88%, respectively. BNB achieved more significant gains with a 4% price increase and a 70.3% rise in trading volumes, pushing its price to $634. Meme coins like Brett, BONK, and dogwifhat surged. However, Dogecoin, Shiba Inu, and PEPE saw slight losses.
