Meme coins are making double digit moves in both directions in the wake of Bitcoin breaking the $100,000 milestone.
The biggest winner is the Base chain token Ski Mask Dog (SKI) that has moved 50.8% on the day and 862% over the week, after news broke that a U.S. Congressman bought it saying “I liked the coins.”
Other star performers include Gigachad (GIGA) jumping 36% following its Coinbase and Kucoin exchange listings, retro internet meme Keyboard Cat on Base (KEYCAT) up 21.8%, and Pump.fun-created Michi (MICHI) up 21.3%.
While these tokens have made major moves, none of the top 10 meme coins have hit double digits. Dogecoin (DOGE) is up 6.6% over the past 24 hours, Shiba Inu (SHIB) 4.2%, and Pepe (PEPE) 4.6%. Meanwhile Dogwifhat (WIF) dropped 3.5%, Bonk (BONK) slipped 1.1%, and Popcat (POPCAT) 3.9%.
Outside of the top ten, there are also some big losers.
Truth Terminal manifested Fartcoin (FARTCOIN) has tanked 26.5%, viral pygmy hippo Moo Deng (MOODENG) has dropped 19.5%, and TikTok famous meme Just a chill guy (CHILLGUY) has fallen 17.7%.
But that’s not it, there is more blood on the streets. AI token Dolos the Bully (BULLY) is down 16.5%, Non-Playable Coin (NPC) 12.9%, and artist-led token Fwog (FWOG) has dropped by 9.4%.
Possibly the biggest loser of the day, however, is Hailey Welch and her recently launched Hawk Tuah (HAWK) Solana meme coin. On launch, it spiked to an impressive $491 million market cap. But HAWK has since crashed 92% to a market cap of just $35 million. This crash was followed by a flurry of “scammer” accusations, with traders saying they were filing complaints with the SEC.
This comes following Bitcoin (BTC) finally breaking past the $100,000 milestone. Its recent surge was motivated by a number of positive signs for the leading cryptocurrency; including the January approval of U.S. spot Bitcoin exchange-traded funds (ETFs), pro-crypto candidate Donald Trump winning the Presidential election, and a promised changing of the guard at the Securities and Exchange Commission (SEC).
Edited by Stacy Elliott.