Meme coin markets are once again in the spotlight of crypto with vibrant movements and quirky narratives. Among the highlights this week, this meme coin weekly recap mentions the arrival of “MartyrFi,” and chain-specific events driving new trends.
Market Performance Overview
- Ethereum stood still, whereas Solana glittered. Its $5 billion all-time high was recorded in the DEX daily trading volume.
- But the real showstopper was the peanut squirrel, PNUT, up 243.86% after its big exchange listing and Elon Musk’s tweet. We have featured PNUT in our Pnut Coin’s Rise article
Meme Coin Weekly Recap: Top Movers
This week, the meme coin market witnessed a mix of rapid surges and notable dips, reflecting the volatile nature of this sector.
Biggest Gainers (7 Days):
- Peanut the Squirrel (PNUT): +243.86%
- Bonk (BONK): +50.71%
- Ponke (PONKE): +41.38%
- Pepe (PEPE): +40.18%
- Mog Coin (MOG): +25.81%
Biggest Losers (7 Days):
- Neiro (NEIRO): -80%
- Shiba Inu (SHIB): -13.22%
- Turbo (TURBO): -11.37%
- Dogecoin (DOGE): -8.05%
- Notcoin (NOT): -4.63%
New Trends: Hasbullish Tokens and MartyrFi
The meme coin market saw the rise of creative and heartfelt trends this week, introducing new narratives that captivated the community.
Hasbullish Meta
The death of social media influencer Hasbulla’s cat, Barsik, detonated an explosion of Hasbulla-themed tokens created on Pump.fun, setting a new meta. That just proved how such moments drive the meme coin market in no time.
MartyrFi Craze
From the death and “resurrection” of Peanut the Squirrel, the meme coin world has latched onto one quirky trend: celebrating fallen icons-both fictional and real-on-chain in the name of MartyrFi. The creative traders will all go in on animal-inspired tokens, from Harambe to Fred the Convicted Raccoon.
Crypto personalities from all over, including Alex Becker and Arthur Hayes, joined in, giving some semblance of credibility and a healthy dose of humor to the MartyrFi phenomenon.Blockchain-Specific Highlights
Each blockchain continues to showcase unique activity and innovation in the meme coin space, with Solana leading the charge this week.
Solana
- BONK reclaimed its status by flipping WIF’s market cap, rising 28%.
- Comedian token (BAN) saw a staggering 1,603% spike after a listing on a top-tier exchange.
- Solana-based platforms like Pump.fun brought in $1.65 million in fees, while Phantom became the top utility app on the U.S. iOS Store.
Ethereum
- Pepe (PEPE) hit new all-time highs, bolstered by its listing on additional major exchanges.
- Shiba Inu’s (SHIB) burn rate surged by 450%, reflecting growing activity.
Tron
- FRED, a token inspired by MartyrFi, exploded by 73,325% over the past week.
- The SunPump platform introduced simplified token creation, driving user engagement.
Emerging Narratives in This Meme Coin Weekly Recap
New ideas and sectors are gaining traction within the crypto world, and meme coins are riding these waves to stay relevant and innovative.
Decentralized Science (DeSci)
Blockchain meets science with DeSci, a movement leveraging Web3 to make research funding transparent and data accessible. This gamified approach to science includes tokens like:
- Rifampicin (RIF): $200M market cap, up 100x.
- Urolithin A (URO): $120M market cap, up 70x.
Ai16z Venture Fund
As meme coins embrace AI, Ai16z, an AI-driven VC fund inspired by a16z, gains traction. Backed by a DAO, this experimental fund aims to decentralize and gamify AI investments.
Conclusion
This meme coin weekly recap highlights new rising trends and top movers from 15 to 22 November, 2024. Meme coin markets have never been predictable and have always entertained. From viral narratives created by Hasbullish to monetary experiments courtesy of DeSci, space innovates in ways nobody predicted. The meme coin market is expected to be as volatile as always. Remember to DYOR before making any important investment.
Disclaimer
The content of this article is provided for informational purposes only and should not be considered investment advice, financial advice, or any other type of professional advice.