Key Points
CoinGecko data reveals that Giko Cat, Sudeng, and inSure DeFi have seen significant growth in the past day. This comes despite a volatile market and the recovery of top coins like Ethereum (ETH) and Solana (SOL).
Giko Cat Leads the Pack
Giko Cat (GIKO), a cat-themed meme coin, has risen by 52% in the last 24 hours. This makes it the largest gainer on CoinGecko’s top gainers list. The coin has a market cap of $63 million. The surge in GIKO’s value can be attributed to the popularity of cat-inspired meme coins, such as Popcat (POPCAT). Over the last seven days, GIKO has risen by over 280% and by 2,100% in the last 30 days.
InSure DeFi (SURE) is the second top gainer with a 40% increase. The coin, currently trading at $0.003166, has risen from its seven-day low of $0.00203. Despite its commendable 24-hour pump, the coin is down by over 35% in the last 30 days. In contrast to GIKO, InSure DeFi is not a meme coin and is part of a crypto and RWA portfolio insurance ecosystem. The exact reason for InSure’s surge is unclear, as there have been no notable development announcements in the past day.
Sudeng (HIPPO), another spin-off token inspired by the Moo Deng hippopotamus, is the third-largest gainer in the last 24 hours. Despite unfavorable market conditions, this meme coin has managed to increase by over 36%. HIPPO has attracted investor attention as analysts are promoting the coin. The meme coin now has a market cap of $169 million, leading analysts to speculate that $200 million could be the next milestone.
However, meme coins can quickly reverse course and erase all gains in a single day. Moo Deng (MOODENG) serves as a prime example, as the meme coin lost over 40% in the last seven days following a notable surge.
