WUFFI and KLAUS pump nearly 50% as global crypto market cap drops over 1.4%

Amidst the bearish crypto market conditions, Wuffi (WUF) has emerged as the top gainer, surging by 50% in the last 24 hours.

The overall global crypto market cap has fallen by nearly 1.4% over the same period, bringing it to $2.38 trillion according to CoinGecko. Both Bitcoin (BTC) and Ethereum (ETH) have shown little movement, with Bitcoin down by over 2.1% in the past week and Ethereum dropping almost 7% during the same timeframe.

However, in the midst of this market downturn, some meme coins are defying the trend. Wuffi (WUF) stands out, outperforming the broader market with a remarkable 50% increase in the last 24 hours, securing the top gainer spot on CoinGecko.

WUFFI jumps 50% as team burns 317 billion WUF

Wuffi (WUFFI) has seen impressive growth, reaching a market cap of $103 million. The coin has surged significantly, climbing from a 24-hour low of $0.00000008106 to a high of $0.0000001233.

In addition to its recent 50% rise, Wuffi has been performing well over the past 30 days, with a remarkable 130% increase in price, trading firmly in the green territory.

One of the key factors driving the Wuffi (WUFFI) pump is the recent move by the Wuffi team to burn a total of 317 billion WUF tokens. This strategic burn has likely contributed to the surge in price, as it reduces supply, potentially increasing demand.

Additionally, the project’s X account (formerly Twitter) has amassed close to 700k community members, who have likely taken notice of this initiative. The positive sentiment around this decision appears to have played a role in the coin’s recent rally, as evidenced by its significant price increase.

KLAUS and STFC pump close to 50%

A meme coin called Klaus (KLAUS) has secured the position of the second-largest gainer on CoinGecko, surging by nearly 49% to reach a price of $0.0269.

With a relatively low market cap of $26.7 million, the exact reason for the surge in Klaus’ price remains unclear. However, the coin’s team recently announced that they hit a milestone of 6,000 Klaus holders, which may have contributed to the positive price action.

STFX is also making notable gains, following closely behind Klaus with a 46% increase. The coin surged from a 24-hour low of $0.02884 to a high of $0.04254.

Klaus (KLAUS) has experienced an impressive 580% surge in the past 30 days, further solidifying its position as a rising meme coin. The project recently announced that it will soon be migrating to Solana (SOL), which could potentially boost its performance due to Solana’s fast transaction speeds and lower fees.

Additionally, Klaus mentioned that it is in the final stages of a complete rebuild of its dApp, which could also contribute to the growing interest and price surge. These developments are likely fueling the recent positive momentum in the coin’s price.

STFX stated that they are seeing exponential growth happening on Solana, which is the primary reason for their transition.