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The investment management firm Vaneck has expanded into the meme coin sector with the launch of its new Marketvector meme coin index, “MEMECOIN.” This index, available through Marketvector Indexes—a company focused on digital assets and various other sectors—monitors the performance of the leading six meme coins.
VanEck's MarketVector introduced the Meme Coin Index, a benchmark tracking market capitalization's six largest meme coins.
VanEck's Market Vector division introduces the MEMECOIN index, tracking the performance of six prominent meme coins with a 30% weighting cap for each token.
Investment giant VanEck, known for its exchange-traded funds (ETFs), has taken a plunge into the world of meme coins with the launch of the MarketVector meme coin index called “MEMECOIN”. What Happened: This index tracks the performance of the six largest meme coins, a category of cryptocurrencies often inspired by internet jokes and cultural references.
Floki Inu (FLOKI) has recently attracted considerable attention from seasoned and amateur crypto investors, marking significant market movements.
Smart money traders invest over $50 million in meme coins PEPE and FLOKI, with new wallets also showing strong interest in the assets. The post Smart money traders favor PEPE and FLOKI with over $50 million invested appeared first on Crypto Briefing.
Floki and Bonk enter Revolut's advanced crypto territory as Revolut X standalone crypto exchange launched today.
The largest meme cryptocurrencies are yet again demonstrating more significant volatility compared to the rest of the cryptocurrency market. Overhyped cryptocurrency Dogwifhat (WIF), a flagship meme coin of the Solana (SOL) ecosystem, is down by over 4.2% in the last 24 hours.
FLOKI bears arrived soon after the meme coin's price broke above a bullish flag pattern as its value dropped by over 1%
FLOKI's price broke above a bullish flag pattern, which might allow the memecoin to touch its March highs again.
The meme coin market registered a 16.7% uptick in the last 24 hours, giving the sector a value of $57.7 billion, according to CoinGecko. Here's a look at Dogwifhat, Floki and Doge.
The crypto markets are recovering from the recent loss caused by the drastic drop in the Bitcoin price from around $64,500 to as low as $56,600. This led to a massive drop in the spot market capitalization, which found lows of around $2.13 trillion.
Floki Inu recorded a substantial hike in positive sentiment and interactions over the past few days.
The falling price of Bitcoin takes a reversal from $56,000 for a 1.45% jump last night and sustains the momentum for a 1.14% intraday jump at press time. With this recovery, the meme coins amplify the bullish sentiment with a sector-wide recovery.
BONK becomes the fifth-largest memecoin, overtaking Floki Inu in market valuation.
The steady declines of DOGE, WIF, and PEPE lead short traders to dominate their respective derivatives markets.
Check out which altcoin investors have suffered the most due to the crypto market decline.
Solana-based meme coins Bonk Inu (BONK) has surpassed Floki Inu (FLOKI) in market capitalization, becoming the fifth-largest meme coin.
BONK is currently the 65th largest cryptocurrency.
Here are three meme cryptos long-term investors may do better just avoiding, given the number of high-quality options available right now.
Pseudonymous cryptocurrency trader ‘Crash' shed light on the concentration of wealth among the top holders of popular meme coins like Bonk (CRYPTO: BONK), Dogecoin (CRYPTO: DOGE), and Floki (CRYPTO: FLOKI). What Happened: Crash's latest tweet reveals that the top 100 holders of these tokens own a significant portion of the total supply, with BONK at 66.73%, DOGE at 65.46%, and FLOKI at a staggering 88.21%.
BONK experiences a significant price surge, surpassing FLOKI in market cap as a result.
PEPE and FLOKI registered promising growth in the last 24 hours, allowing them to recover past losses.
