- MemeCore jumps 18.4% to $4.49 in 24 hours.
- Market cap hits $7.57B with $1.2B volume spike.
- 1,000 TPS on Solana and 500,000 M whale buys fuel rally.
MemeCore (M) surged 18.4% to $4.49 on Oct. 10, 2024, lifting market cap to $7.57 billion amid Bitcoin's rally above $100,000 post-2024 halving, CoinGecko data shows.
Trading volume hit $1.2 billion on Binance in 24 hours. Coinbase volume rose 35%. MemeCore broke $4.49 resistance on TradingView charts.
Key Drivers of MemeCore Rally
X and Telegram buzz fueled the gain. Santiment data shows sentiment at 85/100, highest since August. Community locked 15% of tokens, cutting supply by 2.5 million M, Glassnode metrics confirm.
Built on Solana, MemeCore processes over 1,000 transactions per second (TPS), topping Ethereum's base layer. This draws DeFi users. DefiLlama tracks meme protocol TVL up 15% to $450 million last week.
Overall meme coin volumes rose 25% to $8.5 billion daily, CoinGecko reports. Whale wallets added 500,000 M tokens, Glassnode analytics show.
MemeCore Ranks Among Top Meme Coins
MemeCore's $7.57 billion cap trails Dogecoin ($25 billion) but tops Shiba Inu ($12 billion), CoinMarketCap rankings state. Post-halving scarcity boosts meme tokens.
Retail traders with under $10,000 wallets drove 45% of volume, Arkham Intelligence data reveals. BlackRock filings explore meme token wrappers. EU MiCA rules lifted European volumes 22%.
MemeCore offers 12% APY staking, beating Shiba Inu's 8%. Solana fees average $0.00025 per transaction versus Ethereum's $2.
Technical Setup and Market Backdrop
MemeCore tests $5 resistance off $4.49 pivot. Glassnode shows RSI at 72, high but volume-backed. Support sits at $3.50; 50-day moving average climbs.
BlackRock Bitcoin ETFs reached $50 billion AUM per filings. Ethereum PoS cut energy 99% post-Merge, drawing $2.5 billion ETF inflows since July, Bloomberg reports.
Solana daily volumes jumped 40% to $4 billion, supporting memes. Revolut and Robinhood consider MemeCore listings, CoinDesk sources say.
Crypto Rebound Boosts Meme Sector
Crypto market cap rose 12% to $3.2 trillion from September lows, CoinGecko states. Memes grabbed 15% share, up from 9%.
Institutions poured $1.8 billion last week, CoinShares data shows. FOMC rate cut bets lift risk assets. Nasdaq crypto index gained 20%.
MemeCore Outlook in Bull Cycle
Messari analysts predict gains if Bitcoin holds $100K. Solana integration positions MemeCore for DeFi expansion. A $5 break could target prior highs.
DefiLlama notes accelerating meme TVL. Community votes boost staking rewards. Tier-1 exchange listings may double liquidity.
MemeCore cements top meme coin status in 2024 bull run.
Frequently Asked Questions
What is the current MemeCore price?
MemeCore trades at $4.49 after 18.4% 24-hour gain. Market cap: $7.57B, per CoinGecko.
Why did MemeCore surge 18.4%?
Social buzz, whale buys, and Solana speed fuel rally. Crypto rebound adds tailwinds.
What is MemeCore market cap?
$7.57B ranks it top among memes, per CoinMarketCap.
How does MemeCore compare to other meme coins?
$4.49 price leads post-rally. Solana utility edges Dogecoin, Shiba Inu.
