Top Memecoins Running Away With Bitcoin Halving Momentum

The Bitcoin halving has ushered in renewed institutional confidence in the market as top crypto assets and memecoins post gains. The run-up to the halving event saw assets record outflows due to declining market sentiment sparked by macroeconomic factors and miner flows.

However, a look at charts shows most crypto and memecoin in the green zone. The total cryptocurrency market capitalization stands at $2.42 trillion while the memecoin ecosystem is at $56.2 billion, a 0.2% increase in the last 24 hours. Here are the top memecoins following the Bitcoin halving. 

Monku (MONKU)

Monku tops the largest memecoin gainers since Bitcoin halved with 233% gains. The asset’s recent growth comes as users rally on social media spaces anticipating inflows for the next bull run.

According to data from CoinGecko, the daily trading volume for the asset stood at $428,000. These low volumes have been pointed out as a potential growth metric for the asset in the future.

Pajamas Cat (PAJAMAS) 

Pajamas is the second largest memecoin gainer today. The asset has moved up a staggering 200.7% in the last 30 days without signs of slowing as bulls look towards halving drive. 

Pajamas gained 44% this week and 32.8% in the last 14 days. These periods of reduced gains were seen as massive outflows were recorded in Bitcoin and other crypto assets.

Kabosu Inu 

Kabosu Inu is up 65.9% in the last 24 hours extending pre-halving gains. The asset has spiked in the last 30 days trading against the market’s direction as prices plummeted.

Kabosu Inu has soared 47% this week and 150.1% this month. The rise of these memecoins comes following a market turnaround with halving sentiment. Historically, memecoins attract inflows with surging investment in Bitcoin and other crypto assets. As top assets notch gains, it often leads to a frenzy in the meme ecosystem.

Despite the rise in these Memecoins, others like Brett and dogwifhat posted a 6.1% and 3.2% decline today.

Also Read: Top Crypto Which Performed Worst During Bitcoin Halving

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