Meme Coins Pump to $51B as Meme Coin Staking Platform Crypto All-Stars Hits $1.6M in Presale
Crypto All-Stars ($STARS) has now raised $1.6 million in funding amid a heating-up meme coin sector.
On Friday, meme coins reached a total collective value of $51 billion, as the sector and the broader market aim to close out September – typically the most challenging month for crypto – on a positive note as the market looks ahead to the more favorable months in October and November.
The industry’s first meme coin staking platform, Crypto All-Stars’ MemeVault, designed to amplify recent gains in meme coins, is gaining added momentum from the reawakening of bullish sentiment.
Crypto All-Stars’ presale is on track to reach its next milestone of $1.7 million within hours.
Investors looking to get in on the action have about 24 hours to acquire $STARS at $0.0014652 per token before the price rises to $0.001471, marking the start of the next funding stage.
The extra push in Crypto All-Stars’ funding and the meme coin pump on Friday is largely influenced by top meme coins posting double-digit returns, with trading volumes rising by 56% to nearly $8 billion.
While no specific catalyst can be identified – perhaps aside from the global trend of monetary easing – the sector’s recent positive performance is a much-needed turnaround after nearly two months below the $50 billion market capitalization.
Top tokens such as Dogecoin ($DOGE), Shiba Inu ($SHIB), Bonk ($BONK), Floki ($FLOKI), Brett ($BRETT), DogWifHat ($WIF), and Pepe ($PEPE) saw gains of 11.21%, 19.4%, 17.55%, 16.86%, 15.77%, and 17.46%, respectively.
These increases coincided with a one-day uptick of 5.25% in the MarketVector™ Meme Coin Index, which tracks these top six meme coins.
Other top meme coins, such as MogCoin ($MOG), Milady Meme Coin ($LAYDS), Coq Inu ($COQ), and Turbo
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