GOUT and Hasbulla’s Cat Surge 170%, Bitcoin Retraces to $97K

Despite Bitcoin’s recent dip below $97,000, two lesser-known tokens have caught the attention of the crypto market with impressive price surges. GOUT and Hasbulla’s Cat token (BARSIK) have both experienced dramatic gains in the last 24 hours, with GOUT leading the charge.

GOUT (GOUT) Soars 170%

The GOUT token has seen a massive 170% surge in its price, landing it at the top of CoinGecko’s top gainers list. The market cap of GOUT has crossed $55 million, and its price has surged from a low of $0.0001218 to $0.0003295. This surge comes amidst a broader market pullback, highlighting the potential volatility and interest in meme coins. A key factor in the price increase could be the announcement of a new NFT collection, sparking excitement within the community.

Hasbulla’s Cat Token (BARSIK) Jumps Over 100%

BARSIK, the meme coin themed around internet personality Hasbulla, also saw a significant over 100% increase in price, rising from $0.03958 to $0.08711 in just 24 hours. The price surge was fueled by speculation after CoinMarketCap (CMC) teased a potential listing of the token. The platform shared a GIF of Hasbulla, triggering widespread speculation across the crypto community, particularly on X (formerly Twitter).

FRED Token Sees a Surge

Another notable meme coin, FRED (First Convicted RACCON), has experienced a surge as well, with its price rising from $0.06208 to $0.1707. At the time of writing, FRED’s price stood at $0.1297. While the exact reason behind this rise is unclear, rumors are circulating about a large amount of FRED held in a Binance wallet, which could be contributing to the price action. However, FRED remains down more than 56% from its all-time high of $0.3032 on Nov. 14, 2024.

Bitcoin’s Pullback Amid the Altcoin Surge

While Bitcoin’s price has retraced slightly to around $97,000, the price action of meme coins like GOUT, BARSIK, and FRED illustrates the dynamic nature of the altcoin market. Despite Bitcoin’s recent dip, these tokens have surged by significant margins, showcasing the volatility and potential for high short-term gains in niche crypto sectors.

The increased interest in these meme tokens, fueled by NFT releases and potential exchange listings, suggests that while Bitcoin remains the dominant force in the market, altcoins are experiencing moments of spotlight due to community-driven excitement and speculative activity.