The meme coin market has struggled over the last 24 hours, with most top performers down single digits.
However, Popcat (POPCAT) has had a great week, growing 20.93% over the last week, trading at $1.23 per token. However, it has fallen over the last 24 hours, suddenly dropping 11.21%. This was a surprise to most of the community, however, it was predicted by one smart whale.
Whale Cashes in Profits, Spends $5 Million Total Going Into Gigachad (GIGA)
This morning, an anonymous whale sold 2.66 million POPCAT at $1.36, profiting $3.96 million total. The whale didn’t stop there, pouring 1.45 million USDT into Gigachad (GIGA). This move has paid off so far, with GIGA slightly positive over the last 24 hours, growing by 2.26% to $0.04836 per token.
Gigachad is a community-centric meme coin made after the iconic Gigachad meme with an almost cult-like following. Despite a relatively low market cap of $449,271,049 the token has proven itself to be relatively resistant to the forces of the market, going up 79.49% over the last week while most of the market fell.
Compounding on this, the meme coin’s Instagram page, Gigachad.fitness has been promoted by Ernest Khalimov – the model behind the Gigachad image. Whenever a token is endorsed by the real-life meme, it tends to cause significant upward pressure on the price.
Part of what makes Gigachad so successful is its intense social media presence. Despite having only 13.5 thousand followers on X (Twitter), the team’s posts have high engagement, and highlight members of the community such as Corn Pop on their self-improvement journey.
Low Market Cap Tokens Weathering The Market
Gigachad isn’t the only low market cap token maintaining an upward trajectory despite the market. One of the year’s biggest hits – First Neiro On Ethereum (NEIRO) is up 20.73% over the last 24 hours, sitting at a per-token price of $0.001791.
Over the week, NEIRO’s growth adds up to 57.77%. Investor interest is also picking up, with its daily trading volume up 22.00% to $1,176,221,527 – significantly higher than its market cap of $763,290,398.
Similarly, the AI-focused, community-oriented token Turbo (TURBO) is up 13.24%, trading at $0.006945. Baby Doge Coin (BABYDOGE) has grown 8.1% over the day, and SPX6900 is up 20.55% over the same period.
These movements show that coins with a lower market cap are doing better at weathering the current market conditions. Degen investors are back in full swing and are once again playing a big role in the meme coin space.
Catering to this, a brand new project called Memebet is looking to shake up the space by reminding investors of what got them into the space in the first place – gambling on meme coins.
Is Memebet Token Next to Explode?
Memebet token (MEMEBET) is the native token of the Memebet Telegram casino. Sitting at the intersection of GambleFi and meme coins, Memebet casino will accept meme coin payments on their collection of casino games and sportsbook. On the back of this, the token’s ICO has already raised almost $400,000.
While other meme coins will be accepted, the Memebet token takes center stage – wagers made using the token will count for part of a massive airdrop campaign.
Memebet Casino features an extremely generous set of rewards, ranging from three waves of airdrops to lootboxes offering tangible awards. To facilitate all of this, the casino has allocated 20% of the total token supply to casino rewards.
As for security, on top of allocating 10% of the total token supply to liquidity to minimize the risk of a rug pull, MEMEBET has passed a full security audit by Coinsult.
The token’s ICO follows a dynamic pricing model, so the per-token price will grow as time passes. In a recent video ClayBro, a YouTuber with over 130,000 subscribers predicts the current price of $0.0257 to be the lowest we’ll see the token go for on its DEX launch.
While the market is always uncertain, MEMEBET’s aggressive marketing, high-quality promotions, and Telegram integration could be enough to push the token value sky-high on DEX launch.