When it comes to meme coin news, the market highlights always spark curiosity and excitement among crypto enthusiasts. This week, the meme coin market experienced a mix of ups and downs. Despite the overall decrease in total capitalization, several coins managed to see an increase in their prices.
Over the past 24 hours, the market's capitalization dipped slightly, settling at $45.5 billion. Among the standout performers were lesser-known dog-themed coins, with Resistance Dog (REDO) soaring by 154% to $0.7032 and Wrapped DOG (WDOG) witnessing a 76% surge to $0.01915. Fwog (FWOG) also saw a 57% increase, while the remaining coins on the green list rose by 29% and below.
However, Neiro on ETH (NEIRO) faced a 10.4% decline to $0.1212, making it the only coin in this category to experience a double-digit fall. Another notable drop was seen in the price of Habibi (Sol) (HABIBI), down by 9.8% and trading at $0.02137.
Justin Sun’s SunPump Surpasses 3M in Volume, TRON-Based SunDog Listed on Bybit
The team behind the TRON-powered SunDog recently announced that the coin has been listed on the popular crypto exchange Bybit. According to Bybit, the SunDog contract is now available for trading via Futures bots like Futures Grid, Futures Martingale, and Futures Combo.
SunPump, another project associated with the TRON ecosystem, also shared the news across social media platforms. Earlier this month, SUN.io, a DeFi platform on Tron, launched SunPump Beta, aiming to rival the well-known Solana-based pump.fun. This platform allows users to create meme coins on the Tron blockchain without the need for coding.
Just a few days after its launch, SunPump Beta has already recorded transactions worth TRX 18,473,530 (approximately $3.1 million) and seen the creation of 45,912 tokens. On August 21, the platform enjoyed its most successful day, with 7,531 tokens created and a trading volume of 3.66 million TRX.
Doge Takes Throne and SHIB 2nd Place in SNS Community Activity
Not only is Dogecoin leading the meme coin market in terms of market capitalization, but it is also dominating social media activity within the Doge community. Lucie, the shiba Inu marketing lead, recently shared a post highlighting the top 10 coins based on social activity.
Dogecoin secured the top spot with a social dominance of 4.2%, garnering 6.63 million engagements across various social media platforms. The coin also generated 21,600 posts on social channels. In the second spot is SHIB with a social dominance of 3.95%, leading to 3.76 million interactions and 20,300 posts.
Other notable mentions in terms of social activity include pepe, which ranks third in social dominance, WIF surpassing pepe in terms of interactions, and coins like BONK, FLOKI, TURBO, MUMU, MOG, and PORK making up the rest of the top 10 list.
On a different note, on Wednesday, McDonald's official Instagram account was hacked to promote a Solana-based meme coin called Grimace. Grimace, a character from McDonald's fantasy world, had no affiliation with the brand. The hackers manipulated McDonald's account profile to promote the coin, leading to a brief spike in market value.
McDonald's team swiftly responded to the incident, resolving the issue on their social media accounts and apologizing for any offensive content posted during that time. Although the hack caused a temporary spike in the coin's value, the market quickly corrected itself.
