Amid bearish conditions in the cryptocurrency market, Wuffi has emerged as the top gainer with a 50% rise in the past 24 hours.
The overall market capitalization of cryptocurrencies plummeted by almost 1.4% in the past 24 hours. According to CoinGecko, the global cryptocurrency market capitalization is $2.38 billion at the time of writing.
Bitcoin (BTC) and Ethereum (ETH) are showing no signs of movement on this time frame. Bitcoin is down more than 2.1% over the past seven days, and Ethereum is down almost 7% during this period.
However, few meme coins are outperforming the overall market situation amid this bearish outlook. One notable meme coin called Wuffi (WUF) has surged more than 50% in the past 24 hours to become the top gainer on CoinGecko.
Teams spent 317 billion WUF, WUFFI increased by 50%
WUFFI saw the coin skyrocket from a 24-hour low of $0.00000008106 to a high of $0.0000001233, reaching a market cap of $103 million.
In terms of price performance over the past 30 days, the coin has surged 130% and is trading in the green region.
Source: CoinGecko chart
One of the most logical reasons for this pump is the latest effort by the WUFFI team. The team recently spent a total of 317 billion WUF.
The project’s X account was closed to 700,000 community members who may have noticed the effort. The decision likely turned out to be a positive one in the end, as evidenced by recent pump activity.
large scale $WUF Baking complete! 🔥
You requested it, so we delivered it! Spent over 168 billion yen today $WUF from our purchases $t From advertising revenue from WuffiTap and YouTube! In addition, an additional 149 billion yen or more $WUF Unclaimed S1 rewards are lost forever!
Who’s ready to write next? pic.twitter.com/jWKPVx4XYh
— Ufufu! (@WUFFI_Inu) October 23, 2024
KLAUS and STFC pump nearly 50%
A meme coin called KLAUS has achieved the second biggest gainer position on CoinGecko. The coin rose approximately 49% and reached the $0.0269 price level.
Krause’s market capitalization is low at $26.7 million. The exact reason why Klaus’s price has increased is unclear.
However, their team announced yesterday that Klaus Holder has reached 6,000 people.
STFX is moving just behind KLAUS with a 46% pump. The coin soared from a 24-hour low of $0.02884 to a high of $0.04254.
This coin has gained over 580% in the past 30 days. The project has announced that it will soon officially move to Solana (SOL). He also said that he is in the final stages of a complete rebuild of the dApp.
STFX said that Solana is experiencing rapid growth and this is the main reason for the transition.
