• Market Cap: $3,885,279,240,415.99
  • 24h Vol: $173,934,629,946.73
  • BTC Dominance: 60.55%
  • CONTACT
  • MARKETCAP
Daily Cryptex - Crypto News, Articles and Insights
  • Home
  • Crypto Prices
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Altcoins
    • Stablecoins News
  • Exchange News
    • Binance News
    • Bitget News
    • ByBit News
    • Coinbase News
    • FTX News
    • OKX News
  • DeFi News
  • Metaverse News
  • NFTs News
  • Learn
Font ResizerAa
Daily Cryptex - Crypto News, Articles and InsightsDaily Cryptex - Crypto News, Articles and Insights
  • Home
  • Crypto News
  • Learn
Search
  • Home
  • Crypto News
    • Altcoins
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Stablecoins News
  • Exchange News
    • Binance News
    • Bitget News
    • ByBit News
    • Coinbase News
    • FTX News
    • OKX News
  • Decentralized Finance (DeFI) News
  • Metaverse News
  • NFTs News
Follow US
© Daily Cryptex. All Rights Reserved.
Daily Cryptex - Crypto News, Articles and Insights > Crypto News > MUNCAT Rockets 70%, Becomes Top Crypto Market Gainer
Crypto NewsDecentralized Finance (DeFI) News

MUNCAT Rockets 70%, Becomes Top Crypto Market Gainer

Burhaan Al Amin
Last updated: August 30, 2024 9:32 am
Burhaan Al Amin Published August 30, 2024
Share

MUNCAT, a newly launched meme coin based on the Tron blockchain, has jumped 70% over the past day, making it the top gainer in the crypto market. The surge is attributed to its recent listings on major crypto exchanges and bullish network activity.

At the time of writing, MUNCAT (MUNCAT) was trading at $0.0402. Its daily trading volume soared 737%, reaching $6.98 million, according to CoinGecko.

According to DEX Tools, MUNCAT’s market cap surged to over $38.3 million, and the number of holders surpassed 8,900. The network saw over 993 buy transactions.

The meme coin’s value spiked after its listings on HTX, SunSwap v2, and Poloneix. Deposit services began on Aug. 29, with trading and withdrawal services launching a day later.

MUNCAT was released on SunPump, a meme coin launchpad on the Tron blockchain. It incorporates charitable giving into its operations, directing a portion of transaction fees to animal welfare.

Another token, ROCK, also performed well in the SunPump ecosystem. Speculation of an investment by Tron founder Justin Sun drove a nearly 100% surge on Aug. 28, peaking at $0.003375 and achieving a $3.3 million market cap.

Data from DeFi Llama indicates the total value locked in the SunPump ecosystem has reached $1.53 million, with annual fee income climbing to $36.06 million.

Token generation platforms have been highly profitable this year. Despite declines in most Pump.fun tokens, the ecosystem has generated over $100 million in fees in the past eight months.

Even with a partnership with CoinMarketCap, SunPump tokens have continued to drop. This collaboration aims to introduce a new support channel for Tron memes. CoinGecko has already launched a page for these memecoins.

MUNCAT, a newly launched meme coin based on the Tron blockchain, has jumped 70% over the past day, making it the top gainer in the crypto market.

At the time of writing, MUNCAT (MUNCAT) was exchanging hands at $0.0402, with its daily trading volume up 737%, hovering around $6.98 million, per data from CoinGecko.

According to DEX Tools, MUNCAT’s market capitalization surged to over $38.3 million, with the number of holders surpassing 8,900. The network activity was predominantly bullish, as reflected by the number of buy transactions, which exceeded 993.

The latest surge in MUNCAT comes as the meme coin has secured its listing on several crypto exchanges, including HTX, SunSwap v2, and Poloneix. Deposit services for MUNCAT began on Aug. 29, followed by the opening of trading and withdrawal services on Aug. 30.

MUNCAT was launched on SunPump, the meme coin launchpad on the Tron blockchain. The meme coin integrates charitable giving into its operations by allocating a portion of transaction fees to animal welfare causes.

In addition to MUNCAT’s success, another token, ROCK, has recently emerged as one of the top-performing cryptocurrencies within the SunPump ecosystem. Driven by speculation that Justin Sun had invested in it, ROCK surged nearly 100% on Aug. 28, reaching a high of $0.003375 and achieving a market cap of over $3.3 million.

Meanwhile, data from DeFi Llama shows that the total value locked in the SunPump ecosystem has reached $1.53 million, with annualized fee income climbing to $36.06 million.

Token generation platforms have emerged as highly profitable this year. Despite significant declines in most Pump.fun tokens, the ecosystem has generated over $100 million in fees over the past eight months. These platforms profit by charging fees for token launches and transactions.

Even after the announcement of a partnership with CoinMarketCap, SunPump tokens have continued to drop. This collaboration aims to introduce a new dedicated express support channel for Tron memes. Meanwhile, CoinGecko, CoinMarketCap’s main competitor, has already launched a dedicated page for these memecoins.

You Might Also Like

Bybit Unveils Pre-Market Perpetuals for Early Trading Access

NFT Sales Surge Past $107M, Maintain Upward Momentum

Marathon Digital Plans $250M Raise for Bitcoin Investments

MicroStrategy ETF Reaches $127M in Assets, $100M Daily Volume

Ripple CEO Accuses SEC of Hypocrisy and Confusing Rules

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Reddit Telegram Threads Email Copy Link Print
Share
What do you think?
Love0
Sad0
Sleepy0
Surprise0
Angry0
Dead0
Previous Article Fidelity’s Bitcoin ETF Sees $71.73M Outflow, Ether ETFs Decline
Next Article OKX to List Hamster Kombat Token for Spot Trading in September
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
Report: Blockchain to Revolutionize Global Payment Systems
Are NFTs are stiil alive and will NFT.NYC be back in 2025? | Opinion - 1
Will NFT.NYC Return in 2025? The Future of NFTs Discussed
Is Polkadot the next FTX? $87M spending spree, racism claims, and user backlash - 1
Controversies Stir Polkadot: $87M Spree, Racism Claims, Backlash

You Might Also Like

Crypto at risk of macro pressure with no catalysts, says Coinbase - 1
Coinbase NewsCrypto NewsExchange News

Coinbase warns of macro pressures, no catalysts for crypto

By Burhaan Al Amin August 9, 2024
Web3 casinos amassed $5b in crypto from 4k wallets in 2023 alone, data shows - 1
Crypto NewsEthereum (ETH)

Web3 Casinos Reach $5B in Crypto from 4K Wallets in 2023

By Burhaan Al Amin August 6, 2024
Only 0.0028% of Americans would qualify for the unrealized capital gains tax that had Crypto Twitter up in arms this week - 1
Bitcoin (BTC)Crypto News

Unrealized Capital Gains Tax Causes Stir Despite Small Impact

By Burhaan Al Amin August 22, 2024
Singapore’s SGX exchange does not plan to allow crypto listings soon
Crypto NewsEthereum (ETH)

SGX Exchange in Singapore Holds Off on Crypto Listings

By Burhaan Al Amin July 9, 2024

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Facebook X-twitter Youtube Instagram Pinterest Threads Telegram
Daily Cryptex - Crypto News, Articles and Insights

Your Source for the Latest Crypto News, Market Analysis, and Expert Insights. Stay Informed Daily!

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Info

Terms

  • About
  • Contact
  • Terms Of Service
  • Privacy Policy
  • Cookie Policy
  • Editorial Policy
  • GDPR Compliance
© Daily Cryptex. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?