Meme Coin Chaos: Memecore Rockets 50%+ as RAVE Crashes 90% in Weekly Market Dip

Meme coins had a wild week

The meme coin market showed big ups and downs. The whole sector dropped about 5% over the week. This came from a wider market pullback that hurt momentum. But not all was bad. One big player, Memecore, surged more than 50%. It added billions to its market cap.

Why did meme coins fall?

Rising oil prices and falling stock markets put pressure on crypto. Geopolitical issues kept bad feelings around. Investors felt unsure. Risky assets like meme coins took the hit first.

Meme coins are fun and viral. But they swing hard with market mood. When big markets like stocks drop, money leaves high-risk spots like these.

steals the show

Memecore bucked the trend. It jumped over 50% in the week. This layer-1 blockchain calls itself a “Meme Chain.” It aims to link creators and fans through memes and apps on the blockchain.

Why the surge? Hype around meme-focused networks grew. People see value in communities built on fun. Memecore lets users make and share memes with real utility. This mix of laughs and tech drew buyers.

Its market cap grew fast. Traders piled in, betting on more growth. But big gains bring questions. Is it real demand or just hype?

‘s shocking crash

On the flip side, RAVE from RaveDAO had a nightmare week. It lost over 90% of its value. Week-over-week, it shed billions.

Just days before, RAVE rocketed from $0.25 to almost $28. That was one of the fastest pumps in recent memory. Excitement built quick. But then sellers hit. The drop wiped out gains in hours.

This shows meme coin risks. Pumps often lead to dumps. Early buyers cash out. Latecomers get burned. Always watch liquidity and holder spread.

Trading platforms fight for users

Even in a down market, platforms pushed hard. Binance.US cut spot trading fees to almost zero. This makes trading cheaper. It pulls in more volume, especially for meme coins.

Pump.fun added new updates to its trading terminal. Easier tools help quick trades. These moves heat up competition. Users win with lower costs and better features.

Other meme coin news

A win for meme coin fans: A court ruled in favor of Jenner in a lawsuit. Buyers claimed the JENNER token was an unregistered security after its crash. The decision helps creators avoid legal headaches.

Meme coins live on hype and community. Legal wins build trust. But regulators watch close. Stay informed on rules.

Top 5 meme coins by market cap

1. Dogecoin (DOGE) – King of memes, steady holder base.
2. Shiba Inu (SHIB) – Ecosystem grows with burns and games.
3. Pepe (PEPE) – Frog meme power keeps it top.
4. Memecore – New riser with chain tech.
5. dogwifhat (WIF) – Pure meme fun on Solana.

These lead the pack. But ranks change fast. Check live data for updates.

Lessons from the week

Meme coins mix fun with big money. show upside. warn of downs. Volatility is the name of the game.

Key tips:

• Do your own research (DYOR).
• Never invest more than you can lose.
• Watch for pump signals like low liquidity.
• Follow communities on social media.
• Use stop-losses on trades.

Macro factors like oil and stocks matter. But memes thrive on trends. Next viral hit could change everything.

What’s next for meme coins?

The sector lost momentum but not spirit. If Bitcoin holds, memes could bounce. Watch for new launches and platform wars.

Memecore might keep climbing if it builds real apps. RAVE holders hope for recovery. But most crashes don’t rebound fast.

Stay tuned. Meme coin world moves quick. Join the ride smart.

Ready to dive into crypto? Learn more about top trends and picks.

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Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.