Meme madness: $SHANG, $BABYJESUS, $RFD see gains

Making a splash in the world of memes this morning are Baby Jesus ($BABYJESUS), PSYOP ($PSYOP), RefundCoin ($RFD), ChitCAT ($CHITCAT) and Shanghai Inu ($SHANG).

$SHANG is currently number three on the CoinMarketCap top trenders of the day. The “futuristic cyborg hybrid dog” token has jumped 304.66% in the past 24 hours and 3,780.05% in the past week, while $PSYOP has increased by 169.21%. RFD, currently trending on Twitter with more than two million tweets, is rallying by 80% this morning.

The trading volume of memes has recovered from yesterday’s slump and is now up 6.44%, with the price of $DOGE rising 1.77% and $SHIB at 2.41%. $PEPE has had a modest gain of 0.08% in the past 24 hours, according to live data from CoinMarketCap. The meme market cap is now trading at more healthy $17.3bn.

Meanwhile, on DEXTools this morning, the top three daily gainers includes Lotto (LOTTO), AICODE (AICODE), and Legends (LG). On the flip side, their biggest daily losers are Mumu The Bull (MUMU), RICE (RICE), and AnkaaToken (ANKAA).

Whew! And it’s still only Tuesday.

Top three trending pairs of the day by volume

According to DEXTools, at the time of writing on 23 May, the site’s top-performing pairs by volume were:

$DMT/USDC – currently trading at $54.3646, up 49,834.25%. No other data available.

$RFD/USDC – currently trading at $0.000212, up 365.64%. Arbi REFUND token – no other data available.

$AA/WETH – trading at $0.7647, up 71.34%. Account Abstraction Incentive token – no other data available.

Most-visited Hot Pairs of the day

The day’s top three most-visited ‘Hot Pairs’ so far according to DEXTools were:

$WETH/USDC – $1,857.30, up 34.28%.

$POI$ON/USDC – $$0.2522, up 28.29%.

$GMX/WETH – $60.5517, up 1.27%.

At the time of writing at 10am BST, the global crypto market cap is currently worth $1.14trn – a 1.63% increase in the past 24 hours.

The price of Bitcoin (BTC) is trading at $27,323.54, a rise of 1.75% in the past day, while Ethereum (ETH) is at $1,856.14, up 2.27%.

Memecoin disclaimer

These tokens are not intended as investment advice. The cryptocurrency market is very volatile, things change rapidly, and past performance is never a guarantee of future returns.

Remember to always do your own research before buying a new coin or token. Never invest more than you can afford.