Meme Coins came out on the back of the Breakout Baby Hippo Token

It's a good day to be subsidized.

That's true if you invested in Moo Deng (MOODENG), the viral coin that's blowing up this week, but it's not just the baby pygmy hippo coins that are deep in the green today.

of Top 10 meme coins All in the last 24 hours, many popular projects are jumping by double-digit percentages. This comes as Solana meme coin factory Pump. Fun After a weak month, it starts to recover a Tron– Established A rival threatened his supremacy.

sector leader Dogecoin (Doug) rose 8% on the day, while second-placed token Shiba-Inu (SHIB) rose 21%, Solana's top mem. Dogwhiphat. (YF) has risen to about 5%, and Ethereum's Mog coin (MOG) increased by 11 percent.

Over the past 24 hours, the meme market has been one of the best-performing crypto categories, he said. CoinGeckoSuch coins increase by about 11% on average.

Mu Deng is the biggest gainer, up 34% on the day and 597% over the past week. The symbol is an homage to the famous baby pygmy hippopotamus from Thailand that captured the hearts of Internet addicts — and that's what meme coins are all about, right?

This meteoric rise makes it currently the largest hippo-inspired coin launched by Pump.fun in terms of market capitalization.

It is on the second place in the list Iggy AzaleaMother Token, which is up 13% on the day and 121% over the past week. The latest spike follows. Controversial mother country rodeo party In Singapore, the Australian rapper recruited 36 women to dance on stage and with the audience. Azalea has announced plans to launch a crypto casino integrated with social elements.Beautiful women on camera” that players can interact with.

Other famous winners in the last 24 hours Donald Trump–Related Meme Coin Maga (Trump36% increasing significantly, Pepe variant Apu Apustaja (API) up nearly 18% and Ethereum's highest Mem coin HarryPotterObamaSonic10Inu (Bitcoin) increased by 29%.

While the biggest meme coins are in the green, there are also positive signs for the backbone of the meme economy. On Wednesday, token launchpad Pump.fun deployed 10,309 meme coins; Dune data. This is the largest time the protocol has been used to generate tokens in a single day in over a month—since August 19th.

Pump. Fun It is the primary platform for developers to launch new Mim coins, and at its peak was responsible for creating over 20,000 new tokens every day. It spawned some of the most popular meme coins of the cycle, including Billy And Chicken fish smoking church.

But TronTRX) launched SunPump, a direct competitor to the platform, whose popularity has declined. Until August 21 SunPump copied Pump.fun. For total tokens traded in one day. SunPump's dominance was short-lived, however, as the protocol was used to launch less than 1,000 new tokens every day over the past 11 days.

Edited by Andrew Hayward.