Airdrop Army

Memecoins, the digital darlings of the crypto-verse, have claimed the leaderboard in crypto growth, leaving most other tokens scrambling to catch up. Over the past day, nine out of the ten biggest gainers in the top 100 digital assets were memecoins. And on a weekly scale, memecoins took six of the top ten spots, raking in substantial market share. According to CoinGecko, the overall market cap of memecoins surged by 12%, reaching a cool $130 billion in a single day.

Squirrel Power: PNUT Rockets Up 2900% Amid Political Buzz

The frontrunner of this memecoin blitz is Peanut the Squirrel (PNUT), a token inspired by a squirrel named Peanut that captured public sympathy—and political curiosity—after being put down ahead of the U.S. elections. PNUT, launched on November 3, skyrocketed by an astonishing 2900%, from a mere $0.07 to $2.10. Just yesterday, it spiked by 113%, sending ripples across the market. But it was the listing on Binance on November 11 that really put PNUT on the map, sparking a surge of over 300% as it leaped from $0.10 to $0.43.

PEPE and Dogwifhat: Frog and Furry Icons Claim Crypto Fame

Trailing behind PNUT is PEPE, the beloved frog-themed token. This token draws on the meme of Pepe the Frog, and it’s stirred up hype ever since an iconic image of Pepe in a red MAGA-style cap circulated on X, bearing the slogan “Make Memecoins Great Again.” On November 13, PEPE made its debut on major U.S. platforms Coinbase and Robinhood, followed by a listing on Upbit. This triple launch fueled a 73% increase over 24 hours and a 122% surge over the past week.

The bronze spot went to Dogwifhat (WIF), which enjoyed a 40% bump after Coinbase announced its listing on November 13, alongside a 78% weekly rise. Another attention-grabber was Brett (BRETT), a memecoin linked to the comic character Brett, who’s also a friend of Pepe. When Upbit listed BRETT on November 13, the token leapt 30% within hours.

In fourth place was Popcat (POPCAT) with an impressive 28% surge, while Bonk (BONK), FLOKI (FLOKI), and MEW (cat in a dogs world) rounded out the leaderboard with gains of 21.5%, 21%, and 18% respectively.

DOGE Rides the Political Waves, But Misses the Daily Top

Dogecoin (DOGE), though missing the top ten daily gainers with a 5% bump, was far from sidelined. Over the week, DOGE soared by 109%, putting it in third for weekly growth. The iconic meme coin got a further boost after Elon Musk was announced as co-leader of the newly formed Department of Government Efficiency (D.O.G.E.), a nod to his favorite cryptocurrency. This uplifting news pushed DOGE’s market cap beyond $59 billion, surpassing 60% of the companies in the S&P 500.

With memecoins riding these wild waves, the crypto crowd had some laughs. Accounts from Litecoin to Tron posted variations of “I now identify as a memecoin,” embracing the meme-fueled madness spreading across social media.