Since the beginning of the week, price movements in meme coins have continued to attract investors‘ attention. Especially in the last 24 hours, there have been significant price fluctuations along with a major decline in market value. While the leading projects in the market are generally dog-themed, competition between dog and cat-themed meme coins has increased in the last 7 days, and some projects’ rises have also drawn attention.
Dog-Themed Meme Coins
According to data provided by CoinGecko, the overall volume of meme coins has declined by over 6% in the last 24 hours, and the market value is at $54.6 billion at the time of writing. On the other hand, the two assets leading the market by a wide margin, Dogecoin (DOGE) and Shiba Inu (SHIB), constituted a large portion of the total market volume of $29 billion.
Looking at the current state of dog-themed meme coins in the meme coin market, Dogecoin was seen at the top with a market value of $19 billion. This situation reflects a volume of $10 billion for SHIB, while WIF, one of the significant projects on the Solana network, has a volume of $2.5 billion, and BONK has a volume of $1.9 billion.
The last meme coin in the top 10, FLOKI, reached a volume of $1.7 billion with a value of $0.0001836, as reflected in the charts.
Current State of Cat-Themed Meme Coins
There was also activity in cat-themed meme coins. Popcat (POPCAT) was particularly leading this movement. At the time of writing, it was leading cat-themed meme coins with a market value of $795 million. Although POPCAT had a good start to the week, its price dropped to $0.81 after a 10% decline in the last 24 hours.
Another cat-themed meme coin in the top 10, cat in a dogs world (MEW), had a successful week and made a significant impact on the market with gains of over 80%. After the rise, MEW’s price continues to trade at $0.007599.
MOG, which is 9th in the top 10 meme coin list, reached a volume of $745 million with a price of $0.000002064.
Considering all these situations, it would not be wrong to say that dog-themed meme coins continue to dominate the meme coin market. However, it can also be said that the three cat-themed projects in the top 10 continue to follow them.
