Daily Market Recap – May 6, 2025

The crypto market over the past 24 hours has been buzzing with meme coin hype, technological advancements, and major exchange activity. Here’s a market recap of the top highlights from X and meme coin market data.

Daily Market Recap - May 6, 2025
Daily Market Recap – May 6, 2025

Meme Coin Market: Hype Fuels Gains

  • Meme Coin Market Overview
    • Meme coin market cap is $56B, down 1.5% in 24 hours, but supported by Bitcoin’s $94,000 level.
    • 24-hour trading volume hit $5.8B on Binance, LBank, and Solana DEXs.
  • Top Meme Coins
    • $TRUMP: PolitiFi leader with $2.4B in on-chain trades and a 60% surge, driven by Trump’s dinner event and crypto support.
    • $HOUSE: Up 60%, market cap over $100M, backed by KOL Ansem (700K followers).

Check out Housecoin ($HOUSE) Fuels Gen Z Crypto Revolt Against Housing Market and Housecoin ($HOUSE) Surges 200% Following Pump.Fun Post, x4 Since MevX Blog Feature

  • Top Most Visited Meme Coins
    • $CAPY landed in the first position; it’s the cutest Solana meme.
    • The following meme coins in the list are popular ones: $TRUMP, $SHIB, $DOGE, $PEPE.
  • Top Meme Coin Gainers
    • $SINK (Let that sink in), a Solana meme coin, rose up 104,59% past 24 hours. This meme coin went viral with the photo of Elon Musk holding a sink.
    • $DOGMI, the first dog meme coin on ICP (Internet Computer), rose up to 54,70%.
    • $BIAO, a viral Asian meme on BNB Chain, also means ‘cousin’ in Asia. It’s not the first time this meme coin has been in the top 3 meme coin gainers.
Top Most Visited Meme Coins and Top Gainers
Top Most Visited Meme Coins and Top Gainers

Daily Market Recap – Key News and Trends

  • Trump Pushes Crypto Amid Trade Rhetoric
    • President Trump declared, “I want crypto, I think crypto is important because if we don’t do it, China’s going to,” while adding, “I want a fair deal with China, but China has been ripping us off for many years.”
    • Gala dinner with $TRUMP memecoin holders, set for May 22, amplifies PolitiFi hype.
  • Playtron Launches Game Dollar Stablecoin
    • Playtron unveiled Game Dollar for the upcoming SuiPlay gaming console, spotlighting crypto’s growing role in gaming.
  • Google Integrates ZK-Proofs into Google Wallet
    • Google is embedding zero-knowledge proofs (ZK-proofs) into Google Wallet, a major step for blockchain in mainstream tech.
  • Solana Fixes Critical Bug
    • Solana developers patched a bug that could have enabled unlimited token minting or account theft, bolstering network security.
  • Binance Alpha Spotlights New Projects
    • Space and Time (SXT) launched on Binance Alpha, with trading starting May 8. Eligible users will receive airdrops within 10 minutes of trading.
    • New tokens are featured in Binance Alpha Markets via the [Markets] – [Alpha] tab. Binance founder CZ proposed $BNB and $BTC for Kyrgyzstan’s crypto reserve.
  • Industry Highlights
    • OKX’s DEX restarted with real-time abuse detection.
    • Ripple pledged $25M in $RLUSD for U.S. education and financial literacy.
    • eToro plans a $500M U.S. IPO.
    • Vitalik Buterin proposed Ethereum’s Fusaka fork for scalability via a new consensus layer and RISC-V VM shift.
    • Bessent tied Trump’s tariffs, tax cuts, and deregulation to long-term U.S. investment.
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Which news or meme coin are you interested in? Don’t forget to stay ahead of the curve with MevX, updates coming your way!



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