Meme Coins Exploding: As $MOCHI and $BENJI Make Waves, Is $CHONE Next in Line?
The post Meme Coins Exploding: As $MOCHI and $BENJI Make Waves, Is $CHONE Next in Line? appeared on BitcoinEthereumNews.com.
Meme coins have seen a massive surge in market activities leading into 2025. The frenzy intensified with President Trump’s pro-crypto statements, promises, and actions. Within a month, new meme coins have emerged from Solana and other ecosystems, recording huge inflows in billions of dollars. $MOCHI and $BENJI are two meme coins making waves this January. $CHONE is also not left behind, with speculations around its future making headlines. The Meme Coin Frenzy: $MOCHI and $BENJI Take Part Both new and old meme coins are enjoying the current frenzy around their asset class. One major contribution to the large inflows into meme coins could be the participation of institutional investors and whales. There are over 300 meme coins in the market right now, and the combined market cap is nearly $100 billion. $MOCHI. and $BENJI contribute $35 million and $49 million, respectively. While this might be relatively small, they recently made the top gainers spot, with one rising as high as 300% in one month. $BENJI is currently enjoying a 17% increase in the last 24 hours. It’s riding on the momentum it picked up in the last month, climbing over 140%. $MOCHI has gained 192% in the last month, adding an 18% increase to its market cap. $CHONE Could Be The Next Breakout Star In under one month, $CHONE has gone from no holder to close to 2,000 holders. It also moved its market cap above $500k, hitting 900k at some point before a slight decline. Chill Drone ($CHONE) brings a fresh narrative in a market where recycled narratives are the order of the day. This gives $CHONE an advantage as a first mover, which could later be copied and further publicized. This was a major characteristic of Dogecoin that triggered its widespread adoption. With a few celebrity mentions and…
Filed under: News - @ January 31, 2025 12:20 pm