WIF regained strength after rolling back to a month low in the last drag down. A recovery above $1 could set the stage for a big run.
This month’s trading has been painful for many meme coin hodlers as the global crypto market cap declined due to heavy supply, which was majorly fueled by Bitcoin’s price drops in the past few weeks.
However, the market has been stable for a while now after the US-Iran tension a few days back, although possible retaliation is expected. In anticipation, WIF posted major gains as Bitcoin retakes $105k.
Another major contributing factor to the latest price recovery is the general positive sentiment surrounding the crypto space, with the Crypto Fear and Greed index at its lowest ever seen in the past months. WIF’s investors appear to have taken advantage of the fearful market.
WIF Charted Most Gains Amid Top 10 Meme Coins
The last 24 hours brought a sudden recovery in the entire crypto market as volume flows back into the space. While several meme coins bounced back, WIF saw the most gain and now leads the party with over a 25% Jump to $0.87.
In the general market, SEI is currently in the spotlight among mid-cap assets, leading the daily altcoin rally with over 40% increase as per CoinMarketCap data. In fact, the leading meme coins, Doge and Shiba, are struggling to regain strength, but have cumulatively recovered by 9% overnight.
CEX and DEX Token Reactions to The Latest Recovery
Although Bonk, Floki and Pepe are not left behind in the latest market recovery, as they charted a double-digit gain in the last 24 hours.
According to Coingecko metrics, Ishi Go +245%, StupidCoin +140% and IKUN +115% are currently the top gainers in the overall meme coin market over the past hours. While Brett, Ponke and Toshi are trending with an average 16% gains in the last 24 hours, Salary +92%, Virgen +65% and Broak +41% are currently the biggest gainers on Base.
On the overall Dex, Mew 13000%, Xtrade 8000% and Pikachu 3000% exploded massively, returning a staggering profit at the time of writing.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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