Meme coins become top gainers again in flat crypto market

The
meme
coin
sector
continues
to
grow
against
a
lull
in
the
crypto
market,
with
Solana-based
coins
showing
price
increases.

Tokens
in
the
meme
coin
sector
again
showed
rapid
growth
despite
most
cryptocurrency
markets
being
flat.

According
to
data
from

CoinGecko,
Pepe
(PEPE),
Floki
(FLOKI),
Dogecoin
(DOGE),
and
Shiba
Inu
(SHIB)
topped
the
growth
chart
over
the
past
24
hours.
Coins
rose
in
price
from
6%
to
10%,
leading
the
top
gainers
rating.

In
addition,
Bonk
(BONK)
and
Dogwifhat
(WIF)
coins
showed
significant
growth,
rising
by
4.5%
and
3.7%,
respectively,
over
the
past
day.

Overall,
capitalization
of
the
meme
coin
sector
is
also
showing
growth.
In
the
previous
24
hours,
the
crypto
market
cap
has
increased
by
6.5%,
reaching
$54.4
billion,
while
trading
volumes
approached
$5
billion.

Meme
coins
remain
a
popular
topic
of
discussion
in
the
second
quarter
of
this
year
following
the
staggering
price
increases
of
popular
tokens
such
as
WIF
in
the
first
quarter.

Presumably,
the
rise
of
the
entire
meme
coin
sector
over
the
past
24
hours
came
amid
news
of
a
trader
who

made
a
substantial
profit
on
the
meme
token
KITTY
after
awakening
the
X
account
of
financial
analyst
Keith
Gill,
who
sparked
enthusiasm
between
retail
traders
and
Wall
Street
over
the
stock
price
of
GameStop
in
2020.

Lookonchain
analysts
noted
that
a
user
spent
$3,000
in
Solana
(SOL)
to
purchase
17.4
million
KITTY
shortly
before
Gill
tweeted
about
his
return.
Soon
after,
the
price
of
the
meme
token
increased
by
more
than
8,000%.
The
trader
then
sold
12.8
million
KITTY
for
$41,000,
leaving
4.6
million
KITTY
equaling
$56,000
on
the
balance
sheet.