On-chain meme trading activity rises, with Franklin, DOYR and others boosting market sentiment

BlockBeats News, December 8, according to GMGN market data, as mainstream cryptocurrencies rebound, trading activity of meme coins across various networks has also shown signs of recovery. Some meme coins have performed notably well, including:

Solana ecosystem meme coin Franklin recorded a trading volume of over $20 million in the past 24 hours, with its market capitalization surpassing $13 million six days after issuance.

PIPPIN, after a sustained rally over the past two weeks, experienced a pullback. Its 24-hour trading volume reached $20.9 million, and its current market capitalization stands at $177 million. Analysts have previously noted that this coin is under unusually strong bullish control.

BSC ecosystem meme coin DOYR briefly surged above a $20 million market capitalization over the weekend, with a single-day trading volume of $22.6 million. As of press time, its market capitalization has fallen back to $6.63 million.

BlockBeats reminds users that meme coin prices are highly volatile, and there are still significant uncertainties regarding the sustainability of market sentiment recovery and the depth of speculation. Users should invest with caution.