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On-chain meme trading activity is on the rise, with Franklin, DOYR, and others driving market sentiment back up.
BlockBeats News, December 8th, according to GMGN market data, along with the rebound of mainstream cryptocurrencies in the market, the trading activity of on-chain meme coins has also shown a warming trend. Some meme coins have performed remarkably well, including:
In the Solana ecosystem, the meme coin Franklin has seen a trading volume of over $20 million in the past 24 hours, with its market cap surpassing $13 million just six days after its launch.
After a continuous two-week rally, PIPPIN experienced a pullback. It saw a trading volume of $20.9 million in the past 24 hours, and its market cap is currently at $177 million. Analysts have previously noted the unusually strong bullish control of this coin.
In the BSC ecosystem, the meme coin DOYR briefly surged above a market cap of $20 million over the weekend, with a daily trading volume reaching $22.6 million. As of the time of writing, its market cap has fallen to $6.63 million.
BlockBeats reminds users that meme coin prices are highly volatile, and there are significant doubts about the sustainability of market sentiment and the depth of speculation. Users should invest cautiously.
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