In brief
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Bitcoin surpassed its all-time high touching $111,544 in the early hours of Thursday.
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Meme coins saw bigger gains with numerous tokens jumping double digits.
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One lucky trader has turned $4,350 into more than $180,000 on a soaring pig coin.
Major meme coins have soared double digits as Bitcoin blasted past its all-time high.
The Official Trump (TRUMP) token has jumped 22% to $15.53 on the morning of the holder’s dinner, Fartcoin (FARTCOIN) has similarly spiked 19.5% to $1.54, and SPX6900 (SPX) is up 25.8% to $0.9064. Overall, the meme coin sector has risen 7.3%, according to CoinGecko, to a total market cap of $80.2 billion.
This follows Bitcoin (BTC) breaking past its previous all-time high of $108,786 on Wednesday afternoon, first hitting $109,000 before pushing on into the early hours of Thursday to hit $111,544.
Dogecoin (DOGE) saw bigger gains over the same period, with the leading meme coin jumping 5.9% compared to Bitcoin’s 4.1%.
The biggest winner of the day, however, is Moonpig (MOONPIG), a goofy meme coin about an AI-generated pig astronaut on a mission to make it to the moon. The Pump.fun token has spiked 130% over the past 24 hours, according to DEX Screener, peaking at a $114.41 million market cap but now settling at $83.7 million.
In this success, a number of lucky traders have made big bucks on MOONPIG. One trader bought $4,350 worth of the token which has since inflated to $92,500 worth of realized profits and is still sitting on $87,650 of unrealized gains, per DEX Screener.
While less pronounced, Housecoin (HOUSE) has jumped 11.7% on the day to a $57.5 million market cap. The Pump.fun token’s team has said it’s looking to flip the housing market because investors believe it’s bound to crumble anytime. The token looks to capture the philosophy of financial nihilism that runs rampant within meme coin communities.
Some AI tokens have also seen double digit growth with virtual friend platform AI Companions (AIC) jumping 22.5%, social media personality Ava AI (AVA) 20.8%, and Virtuals character Ribbita (TIBBIR) 21.4%.
Over the week, a near month-old Solana meme coin called Nobody Sausage (NOBODY) is the biggest winner.
This comes after an artist with 22.1 million followers on TikTok and 7.7 million on Instagram launched a token in connection with his passion project: Nobody Sausage. The meme coin trenches appear to love this narrative. The token has blasted to a $51.5 million market cap, climbing 84% on the week and 1,012% over the past two weeks.
Edited by Stacy Elliott.
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