MANEKI, MOODENG and SUNDOG lead meme coin pump

Maneki, Moo Deng, and Sundog have seen impressive gains between 40% and 55% in the last 24 hours as meme coins dominate crypto trading, fueled by Donald Trump’s victory in the U.S. presidential election for a second term.

Key Developments

• Bitcoin (BTC) has also been surging, breaking its all-time high above $76k for the second day in a row, adding 11,000 new Bitcoin millionaires and sparking bullish sentiment across the market.
• However, meme coins have shown the largest percentage gains among the top 500 cryptocurrencies by market capitalization, attracting significant attention.

Notable Meme Coin Gains

• Maneki (a Solana-based cat-themed meme coin) leads with over 55% in gains. The Maneki token hit a three-month high above $0.009, up from earlier lows of $0.006 on the same day. Maneki’s price rise follows a top sports deal that likely contributed to its rally.
• Moo Deng (MOODENG), another meme coin on Solana based on the viral baby Hippo Moodeng, has surged by 26.37%. The token has seen substantial price growth, fueled by catalysts like the Binance futures listing. Following Trump’s landslide victory, the coin surged after reports that the baby Hippo had “predicted” Trump’s win. The token traded at $0.13 on Nov. 5, touching highs near $0.30, marking a 50% increase in the past 24 hours.
• Sundog (SUNDOG), the leading meme coin on Tron, has also benefited from the market’s meme coin rally. The coin gained traction following the launch of SunPump, a meme coin Launchpad that competes with Pump.fun. Although SUNDOG’s gains were pared after its spike above $0.37 in late September, it surged 41% in the last 24 hours and is now trading around $0.16 after retesting support near $0.13. The token has the potential to recoup its all-time high if meme coin sentiment continues to rise.

Market Sentiment

• Trump’s victory and interest rate cuts by the Federal Reserve are expected to further boost Bitcoin, and likely altcoins, including meme coins. As meme coin popularity continues to grow, the appetite for these tokens is likely to increase, potentially driving further price action.

Meme coins like Maneki, Moo Deng, and Sundog are gaining traction as key market movers, spurred by broader bullish trends in the crypto market, especially with Trump’s victory and positive sentiment around Bitcoin. The meme coin craze appears set to continue, with potential for even more explosive moves in the coming days.