- The meme coin sector on Base (BASE) and Solana (SOL) blockchains is showing remarkable performance.
- Even with the broader cryptocurrency market mostly stable, these specific categories have seen double-digit gains due to rallies in low-cap assets.
- Meme coins on Base (BASE) have increased by 13%, while Solana (SOL) meme coins have seen similar growth. ChompCoin (CHOMP) on BASE has surged by 22.5%, making it a standout performer.
Discover the recent surge in meme coins on Base (BASE) and Solana (SOL), outpacing major market trends and showcasing impressive gains despite an apathetic market sentiment.
Base (BASE) and Solana (SOL) Meme Coins Achieve Double-Digit Gains
Meme cryptocurrencies on the Base (BASE) and Solana (SOL) blockchains have emerged as top performers within the last 24 hours. Despite the overall stagnant market conditions, both categories have managed to post gains exceeding 13%. This upward movement is predominantly driven by the performance of low-cap assets.
Base (BASE) Meme Coins Soar with ChompCoin (CHOMP) Leading the Way
Among the various tracked categories, meme coins on Base (BASE) have become the third-fastest-growing category. They are surpassed only by modular blockchains and layer-2 solutions on parallelized Ethereum Virtual Machine (EVM). ChompCoin (CHOMP) on BASE is notable for its impressive 22.5% growth, achieving the highest gains within this category. Other prominent Base (BASE) meme coins, such as Based Brett (BRETT) and Toshi (TOSHI), have also seen incremental improvements, with BRETT growing by 3% and surpassing a $1.2 billion market cap, and TOSHI adding 1% to reach nearly $90 million in market capitalization.
Solana (SOL) Meme Coins Show Consistent Growth
A similar scenario is unfolding within the Solana (SOL) meme coin ecosystem. The category’s impressive 13% growth can be largely attributed to its low-cap assets. For example, Popcat (CAT) experienced an 11.9% rise in just 24 hours, pushing its market capitalization to $500 million. Additionally, Bonk (BONK), the largest meme coin within Solana (SOL), is up by 7% and is targeting a position among the top 50 largest cryptocurrencies with a market cap of $1.73 billion.
Major Meme Coins Lagging in Market Recovery
While Base (BASE) and Solana (SOL) meme coins are thriving, the largest meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE) are not faring as well. Shiba Inu (SHIB) has seen a slight decline of 0.2%, and Dogecoin (DOGE) is down by 0.1%. Dogwifhat (WIF) has also dropped out of the top 50 list after a 1.7% decrease.
Overall Cryptocurrency Market Trends
Even though the performance of meme coins on Base (BASE) and Solana (SOL) stands in stark contrast to other major cryptocurrencies, the overall cryptocurrency market is showing signs of growth. The net capitalization for the segment grew by 0.2%, with leading cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) rising by 1.5% each. Despite this, the Crypto Fear and Greed Index remains in the “Fear” zone, currently holding at 27/100 points, which is only a slight improvement from its recent lows.
Conclusion
In summary, while the broader cryptocurrency market remains relatively stable, meme coins on Base (BASE) and Solana (SOL) have experienced double-digit gains primarily driven by low-cap assets. Investors should continue to monitor these trends, as they indicate fluctuating dynamics in the ever-evolving crypto landscape.
