The meme coin market bucks the crypto downtrend with a 3.2% rise, led by gains in DOGE and BONK

Recent data suggests that the meme coin sector recorded a 3.2% increase in the last 24 hours despite an overall decline in the crypto economy. In particular, Dogecoin and Bonk recorded increases of 1.2% and 9%, respectively. Additionally, several meme tokens posted double-digit gains on Sunday.

Meme tokens defy the crypto crisis

The meme coin cryptocurrency market recorded a 3.2% increase in value against the US dollar, with the sector reaching a global 24-hour trading volume of approximately US$1.25 billion. Dogecoin (DOGE), the leading asset by market cap in the meme coin category, recorded a 1.2% increase and was up 2.9% compared to the previous week.

In contrast, the Shiba Inu (SHIB) saw a slight decline of 0.1% on Sunday despite gaining 6.4% last week. Bonk (BONK), the third-largest meme coin segment, rose 9% against the greenback during Sunday’s trading session. Additionally, BONK rose 44.2% last week.

Pepe (PEPE) saw a slight decline of 0.5% in the last 24 hours but saw a notable increase of 9.1% over the week. Corgiai (CORGIAI) recorded a 3.6% decline on Sunday, resulting in a significant 25% loss in value over the week. Floki (FLOKI) has performed relatively well, up 1.6% today and 3.1% for the week. The Dogwifhat meme (WFI) surged 35.9% on Sunday and is up another 222% this week.

Memecoin (MEME) saw a 15.4% increase over the past day and a notable 22.5% growth over the past week. However, not all meme tokens participated in this upward trend; Myro (MYRO) fell 15.3%, Magic Tux (TUX) fell 12.9%, and Sacabam (SCB) fell 11.9% against the US dollar. Currently, the net worth of the meme coin market stands at $21.94 billion, after an increase of 3.2%. The meme coin sector now accounts for 1.24% of the total value of the crypto currency.