- The meme coin 3AC soared by over 47%, trading at $0.04516.
- The market cap of meme coins has reached $58.1 billion in the last 24 hours.
The overall crypto market is currently striving to get its bullish hold after a brief downturn. The market cap has spiked over 2.40% to $2.25 trillion and trading volume has surged by 45.73%.
Recently, the potential rise of meme coins observed in the market has gained attention within the market. The meme coin market cap has reached $58.1 billion by gaining 2.3% in the last 24 hours.
Meanwhile, a crypto analyst, Murad, stated that meme coins will dominate this market cycle. With its appeal and momentum, people might push these tokens to new heights. Adding that, they will outperform everything in this cycle.
Notably, the Three Arrows Capital co-founder Su Zhu, announced that he has taken a long position in the meme coin, THREE ARROWZ CAPITEL (3AC) at a price of $0.0321. The token has gained over 35% in the past 24 hours. Three Arrows Capital founders launched their token, a misspelled token name of their failed hedge fund.
At press time, the token traded at $0.04534 with its daily trading volume soaring by 1072% to $2.09 million. The 24-hour high and low are found at $0.02947 and $0.0444, respectively, as per CMC data. The asset hit its all-time high on October 1, at $0.06329.
The Meme Coin Market
Meme coins in the crypto market are showing revival signals and have found several coins bouncing back from their lows, as per CMC data. Coins like BRETT, BOME, MOG, FLOKI, and PEPE have registered gains of over 7% in the past 24 hours.
BRETT price has increased by 15.52%, which trades at $0.1139. The token’s trading volume has soared by over 51.33 to $93.83 million. BOME and MOG followed by gaining over 9%, trading at $0.008966 and $0.00000211, respectively. Meanwhile, FLOKI trades at $0.0001484, spiked by 6.95%. Besides, the PEPE price has increased by 6.69%, which trades at $0.00001047.
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Source: https://thenewscrypto.com/memecoin-linked-to-defunct-hedge-fund-3ac-soars-35/