Memecoins Gaining Momentum Ahead of FOMC: $WIF, $TURBO, $PENGU, $MYRO, and $PNUT Lead the Pack
The memecoin market is showing early signs of life as trading activity picks up across several notable tokens. With the upcoming FOMC announcement looming, many investors are cautiously preparing for market reactions. Yet despite the broader uncertainty, some memecoins are already making moves, signaling the potential start of a new momentum cycle. Here’s a breakdown of the top memecoins gaining traction today:
$WIF: Building Momentum with Strong Liquidity
$WIF saw a notable 45% increase in trading volume, pushing activity to $163 million. The market cap followed with a 6% gain, now standing at $583 million. This increase in both volume and valuation shows renewed interest and trader confidence. Liquidity for $WIF is strongest on Binance, followed by MEXC, indicating that the token is attracting both large retail and institutional attention.
$TURBO: Triple-Digit Volume Spike
$TURBO is one of the most significant movers, recording a massive 116% surge in trading volume, which now stands at $346 million. The market cap rose 8.6% to $398 million, marking $TURBO as a serious contender in the memecoin race. Liquidity is primarily concentrated on Binance and Gate.io, supporting the idea that this isn’t just short-term hype but potentially the start of sustained interest.
$PENGU: Quiet Climb with Strong Numbers
$PENGU joined the upward trend with a 37% increase in volume, bringing the total to $207 million. Its market cap climbed 8%, now at $747 million, showing a healthy response from traders. The strongest volume flows are on Binanceand MEXC, further establishing these platforms as key hubs for memecoin activity.
$MYRO: Gaining Ground in the Mid-Cap Range
Though smaller in size, $MYRO made a strong showing with a 56% increase in volume to $7.8 million, while the market cap rose nearly 8% to $23 million. While it doesn’t yet match the size of the others, this growth is substantial for a token in its tier. Liquidity is mainly on Gate.io and KuCoin, suggesting that savvy traders are already positioning early.
$PNUT: Solid Volume with Moderate Growth
$PNUT saw a 28% increase in trading volume, now sitting at $61 million, with its market cap currently at $159.9 million. Trading is concentrated on Binance and MEXC, consistent with the broader trend of volume flowing through major centralized exchanges.
Market Awakening?
These volume and market cap increases come at a time when the broader crypto market is largely in wait-and-see mode ahead of the FOMC’s interest rate decision. That memecoins are seeing increased trading volume and price movement in the face of macro uncertainty suggests early speculation is heating up again.
Whether this momentum will hold or fade post-FOMC remains to be seen, but these memecoins are certainly the ones to watch as the market gauges its next direction.
