WUFFI and KLAUS drive nearly 50 while global crypto market cap decreases by over 14

In the midst of a bearish cryptocurrency market, Wuffi has emerged as the top gainer, experiencing a 50% surge in the last 24 hours.

The overall global crypto market cap has dropped by nearly 1.4% in the past 24 hours, currently standing at $2.38 billion according to CoinGecko.

Bitcoin (BTC) and Ethereum (ETH) have shown no movement during this timeframe. Bitcoin has decreased by over 2.1% in the last seven days, while Ethereum has experienced a decline of almost 7% during the same period.

Despite the bearish outlook, a few meme coins are defying the overall market conditions. One notable meme coin, Wuffi (WUF), has surged by over 50% in the last 24 hours, securing the top gainer position on CoinGecko.

NFT sales have dropped to $89 million, and Solana has overtaken Bitcoin to claim the second spot in terms of market cap.

Wuffi has achieved a market cap of $103 million, rising from a 24-hour low of $0.00000008106 to a high of $0.0000001233.

In the last 30 days, the coin has seen a 130% surge in price performance, placing it in the green territory.

The recent surge in Wuffi’s price can be attributed to the team’s latest initiative, which involved burning a total of 317 billion WUF. This move has likely been well-received by the community, leading to the coin’s recent pump.

Another meme coin, Klaus (KLAUS), has become the second-largest gainer on CoinGecko, experiencing a surge of almost 49% to reach a price level of $0.0269. Klaus currently has a market cap of $26.7 million, and the exact reason for its price surge remains unclear. However, the team announced that they reached 6,000 Klaus holders yesterday.

STFX is closely following Klaus with a 46% surge. The coin has risen from a 24-hour low of $0.02884 to a high of $0.04254. In the last 30 days, STFX has seen an increase of over 580%. The project has announced its official move to Solana (SOL) and mentioned that they are in the final stages of rebuilding their dApp. STFX attributes its transition to the exponential growth happening on Solana.

According to a member of the Ethereum community, Solana cannot be considered the “global backbone” of blockchain.