Giko Cat, inSure DeFi and Sudeng coins exhibit double-digit gains as Solana struggles

Oct 6, 2024 at 4:24 PM UTC

Edited by Anthony Patrick

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Giko Cat, inSure DeFi and Sudeng coins exhibit double-digit gains as Solana struggles

Giko Cat, Sudeng and inSure DeFi emerged as the top gainers in the last 24 hours with a double-digit surge.

CoinGecko data shows that while top coins like Ethereum (ETH) and Solana (SOL) are recovering with a 1-3% surge after the recent dump, some meme coins pulled off double-digit gains.

Cat-themed meme coin Giko Cat (GIKO) is up by 52% in the last 24 hours. It is the largest gainer as per CoinGecko’s top gainers list during this period.

The coin has a market cap of $63 million. GIKO’s surge can be attributed to the popularity of cat-inspired meme coins, which is led by Popcat (POPCAT).

GIKO is up by over 280% in the last seven days and up 2,100% in the last 30 days. This notable surge happened amidst the highly volatile market conditions.

Giko Cat, inSure DeFi and Sudeng coins exhibit double-digit gains as Solana struggles - 4 — Source: CoinGecko

InSure DeFi pumps 40%

InSure DeFi (SURE) is second on the list as the top gainer with its 40% surge. Trading at $0.003166, the coin has surged from its seven-day low of $0.00203.

Even though its 24-hour pump is commendable, the meme coin is down by over 35% in the last 30 days.

Giko Cat, inSure DeFi and Sudeng coins exhibit double-digit gains as Solana struggles - 5 — Source: CoinGecko

Unlike GIKO, InSure DeFi is not a meme coin and is part of a crypto and RWA portfolio insurance ecosystem.

However, the exact reason for the surge of InSure is not clear as there haven’t been any notable development announcements in the last 24 hours.

Sudeng bags the third position

Sudeng (HIPPO) is another spin-off token inspired by the Moo Deng hippopotamus. According to CoinGecko, HIPPO is the third-largest gainer in the last 24 hours.

Giko Cat, inSure DeFi and Sudeng coins exhibit double-digit gains as Solana struggles - 6 — Source: CoinGecko

Amid the not-so-bullish market conditions, this meme coin has managed to surge by over 36%. HIPPO has gained investor attention as analysts are shilling the coin all over X.

With the meme coin now standing at a $169 million market cap, analysts speculate that $200 million could be next.

https://twitter.com/Overdose_AI/status/1842933642986963106

However, the meme coins can quickly reverse course and wipe off all the gains in just a day.

Moo Deng (MOODENG) is a prime example, as the meme coin lost over 40% in the last seven days after a notable surge.