Bitcoin has been on the rise, reaching above $68,000, and Ethereum is trading around $2,600. Despite the overall market cooling down, meme coins like Woman Yelling At Cat (WYAC), Settled EthXY Token (SEXY), and Phili Inu (PHIL) have seen significant surges in value.
WYAC saw an impressive 80% increase, reaching a high of $0.05288 from a 24-hour low of $0.02504. The exact reason for this surge is unknown, but the meme coin’s popularity on social media platforms is growing. Currently, WYAC has a market cap of $45.5 million and reached an all-time high on Oct. 17.
SEXY and PHIL also experienced double-digit pumps, with SEXY up nearly 80% and PHIL up 54% from their respective 24-hour lows. SEXY, which launched in August 2023 on the Ethereum blockchain, saw a high of $0.5241 before retracing. PHIL, featured in the 46th edition of SHIB Magazine, has increased by over 130% in the last 30 days.
In contrast, Popcat (POPCAT), a cat-themed Solana (SOL) meme coin, has seen a decrease of over 3% in the last 24 hours and 15% in the last week. While POPCAT has experienced similar pullbacks after major pumps in the past, its current trajectory is uncertain.
Overall, the global crypto market has shown signs of recovery from last week’s slump, with the market cap increasing to $2.34 trillion from $2.17 trillion over the weekend. Bitcoin and Ethereum continue to dominate the market, but the surge in meme coins like WYAC, SEXY, and PHIL indicates a growing interest in alternative cryptocurrencies. It will be interesting to see how these meme coins perform in the coming days and whether they can sustain their current momentum.