With major cryptocurrencies seeing tentative gains at the start of the week, with Bitcoin (BTC) rising 2.5% to $63,000 as Ether (ETH) struggled but failed to rise above $3,000, the top crypto gainers today were all to be found in the on-chain token markets.
Major cryptos remain locked within recent trading ranges ahead of a barrage of US data later in the week.
But trading activity in the meme coin space was set alight by the sudden, unexpected return of Roaring Kitty.
Legendary GameStop retail investor Roaring Kitty was a leading figure in the 2021 meme stock movement.
His return sparked calls for the return of meme season in crypto and stock markets.
Unsurprisingly, meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE) and dogwifhat (WIF) were outperformers.
But the top crypto gainers today were all new/recently launched smaller meme coins with 2021 meme stock craze connections.
Here are some of the biggest movers, as per decentralized exchange (DEX) analytics tool DEXScreener.
A spin on the name of the hugely popular retail trading community Wall Street Bets, which rose to fame during the 2021 meme stock craze, SOL STREET BETS is up big on Monday.
https://twitter.com/SOL_STREET_BETS/status/1790032169907155010
As per DEXScreener, the Solana-based meme coin was last up 39,400% in 24 hours.
Its market cap was last still modest at just under $1 million.
SOLBET is definitely one to watch if the current meme coin explosion keeps growing.
It has $125,000 in locked liquidity and has been traded by nearly 12,000 unique wallets.
Before diving in, traders should remember that nearly all newly launched coins are either pump-and-dumps or scams of some sort.
Named after Roaring Kitty himself, Roaring Kitty (KITTY) rallied 1,000% in 24
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