Biggest Memecoin Surges & Slumps This Week

Key Takeaways

• ZARA, TOKABU, and WUKONG on Solana were the top memecoin gainers in the last 24 hours.
• VERSE, LANLAN, and LAÏKA experienced the biggest drops, with losses exceeding 75%.
• Solana is emerging as the favored network for memecoin speculation, likely due to its performance and lower fees.
• The memecoin market remains highly volatile, approach with caution and informed decision-making.
  

Top Gainers In The Memecoin Market

Despite the often unpredictable nature of memecoins, some tokens are showing exceptional growth. Here are the top three gainers over the past 24 hours:

Source: Cointelegraph

• ZARA / SOL

Price: $0.001417
24h Change: +356.67%

ZARA has been the standout performer of the day. With a jaw-dropping 356.67% price increase, this SOL-based memecoin has captured significant attention on decentralized exchanges and social media. Its low market cap and strong community engagement may be driving speculative interest.

• TOKABU / SOL

Price: $0.00542
24h Change: +149.22%

Another Solana-based token, TOKABU, comes in second with an impressive 149.22% gain. Investors are watching this coin closely, speculating whether this surge is the beginning of a longer bullish trend or a short-lived pump.

• WUKONG / SOL

Price: $0.031956
24h Change: +136.86%

Rounding out the top three is WUKONG, also on the Solana blockchain. With a 136.86% gain, this token is rising fast on the charts, potentially benefiting from a combination of influencer hype and increased trading volume on DEX platforms.

Top Losers In The Memecoin Market

While some memecoins soar, others face significant setbacks. Here are the top three tokens that suffered the steepest losses in the last 24 hours:

Source: Cointelegraph

• VERSE / ETH

Price: $0.045968
24h Change: -86.43%

VERSE leads the pack in losses today. An 86.43% drop in just one day has left many investors reeling. This Ethereum-based token may have been affected by liquidity issues or profit-taking after a prior rally.

• LANLAN / ETH

Price: $0.058791
24h Change: -84.42%

Another Ethereum-based token, LANLAN, suffered a major hit, losing 84.42% of its value. High volatility and possibly low trading volume could be behind the sharp decline.

• LAÏKA / BASE

Price: $0.03135
24h Change: -75.04%

Based on the Base network, LAÏKA has lost 75.04% in a single day. While Base is an emerging layer-2 solution, not all tokens launched on it are stable, LAÏKA’s fall underscores the speculative risk associated with newer projects.

What’s Driving These Movements?

Speculation & Hype Cycles

Memecoins are known for their reliance on community engagement, memes, and speculative fervor rather than fundamental value. A single viral post or tweet can send prices soaring, or crashing.

Blockchain Preference Shift

It’s notable that the top gainers are all based on Solana, while the losers are spread across Ethereum and Base. This could point to a growing preference among traders for faster and cheaper networks like Solana, especially during periods of high transaction volumes.

Liquidity Crunches & Whale Activity

Large price drops often follow large sells by “whales” (holders with substantial coin amounts). Such moves can trigger panic selling, especially for smaller-cap memecoins.

FAQ

What are memecoins?

Memecoins are cryptocurrencies created around internet memes, jokes, or pop culture references. Popular examples include Dogecoin (DOGE) and Shiba Inu (SHIB).

Why do memecoin prices fluctuate so much?

Memecoins are primarily driven by hype, social media trends, and influencer activity rather than traditional market fundamentals, leading to extreme price volatility.

Is it safe to invest in memecoins?

Investing in memecoins is highly risky. While they can offer high returns, they are also prone to rapid and severe losses. Always do your own research and never invest more than you can afford to lose.

Why is Solana outperforming other blockchains for memecoins?

Solana’s low transaction fees and fast speeds make it attractive for traders and developers launching new memecoin projects. It currently has a strong ecosystem supporting speculative trading.