Top Gainers in a Bleeding Market: $PURPE, $GORK, and $KENDU Lead the Charge

In a memecoin market plagued by falling volume and fading sentiment, a few tokens are bucking the trend with impressive daily gains. While overall conditions remain grim—with total memecoin volume continuing its decline—three tokens stand out today for their performance: $PURPE, $GORK, and $KENDU. Here’s a closer look at what’s driving them, even as the broader market stagnates.

$PURPE: Small Ratio, Big Move

Topping the gainers list is $PURPE, showing nearly 12% price growth. Despite the market’s general apathy, $PURPE managed to pull off this move with a relatively low trading volume of $2.7M and a market cap of $34M, putting its volume-to-market cap ratio below 8%. This low ratio typically suggests a lack of strong momentum, yet $PURPE defies expectations by leading the gainers list.

The token’s upward move doesn’t appear to be driven by any massive inflow or whale activity but could be the result of low liquidity combined with community-driven buying pressure. This kind of action is common in quiet markets, where smaller moves can make big waves on the leaderboard.

$GORK: Comeback in Motion?

Coming in second, $GORK is making what looks like a legitimate comeback. With a 10%+ gain, the memecoin is gaining attention not just for the price move, but for its strong volume-to-market cap ratio of 228%. $GORK saw $66M in trading volume against a relatively modest $29M market cap—this level of trading activity is a strong signal in today’s otherwise lethargic environment.

The trading is also fairly well distributed, giving $GORK more credibility as a true mover today. Bitget leads the pack with $12.8M in volume, followed by Gate.io and HTX, both contributing $10M. Interestingly, Pump.SWAP also shows significant involvement, with $6.4M traded—an unusual but noteworthy DEX contribution.

These figures show GORK isn’t just running on fumes; the liquidity and trading interest are both substantial. Whether this turns into a sustainable move or a flash in the pan remains to be seen, but the market is clearly paying attention.

$KENDU: Quiet Strength on Solana

Third in line is $KENDU, a Solana-based memecoin that has quietly grown to over 17,000 holders. It posted an impressive 10% gain today but on minimal trading volume—only $311K. With a $25M market cap, this gives $KENDU a volume ratio of just 1.2%, one of the lowest among active gainers.

The token’s price performance seems decoupled from typical market mechanics. It’s unlikely that this rally was fueled by trading activity. Instead, the gains might be the result of off-market dynamics—perhaps accumulation, low liquidity price jumps, or community momentum. In this case, it highlights how micro-cap memecoins on efficient chains like Solana can surge despite low trading activity.

Market Takeaway: Traders Hunt for Unique Plays

With broader memecoin volume decreasing day by day and leading caps showing red, these top gainers stand out as exceptions in a stagnant market. $PURPE rides low liquidity to gains, $GORK shows real volume behind its comeback, and $KENDU moves on sentiment and holder base strength.

Traders seem to be rotating capital, not injecting new liquidity. This signals a more tactical, less risk-on environment. With volume weak and conditions described as “pathetic,” it’s clear the game right now is survival—and maybe a lucky pump.

Stay sharp. DYOR.