CandleFocus MANEKI, MOODENG and SUNDOG lead meme coin pump
2024-11-07
Author: Content Editor
Meme coins such as Maneki, Moo Deng, and Sundog have experienced significant surges in value, ranging from 40% to 55%, following Donald Trump's re-election as U.S. president. While Bitcoin also reached a new all-time high, meme coins have shown the largest gains among the top 500 coins by market cap. Maneki, a Solana-based meme coin, has seen gains of over 55% and reached a three-month high. Moo Deng, another meme coin based on the viral baby Hippo Moodeng, rose sharply following Trump's win and is up 50% in the past 24 hours. Sundog, the biggest meme coin on Tron, has also seen a 41% increase in value. The interest rate cuts by the Federal Reserve and Trump's victory are expected to drive Bitcoin higher and increase the demand for meme coins.
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