This Week's Meme Token Market: A Mix of Gains and Losses, with Some Tokens Capturing Significant Attention

This week, the meme token market has seen a mix of gains and losses, with some tokens capturing significant attention.

Meme token markets displayed a range of movements this week. While some tokens experienced significant gains, the sector's overall market cap saw a slight decline.

Meme token markets experienced a mix of gains and losses this week, as some tokens garnered substantial attention while others faced selling pressure.

According to data from DeFiLlama, the total meme token market cap dropped slightly from $59 billion to $57 billion. However, the broader meme sector still managed to register an impressive gain of 8.78% this week and 36% over the past month, continuing to attract interest despite Bitcoin (BTC) crossing the $72K mark.

As markets largely awaited MicroStrategy’s earnings and the upcoming U.S. election, the broader crypto market also saw some gains ahead of the key events.

Meme Tokens Show Diverse Performance Across Chains

In terms of cross-chain activity, Solana-based memes like $WIF, $Popcat, and $MOODENG showed strength this week, while Bitcoin Runes registered over 8,000 etchings, adding new layers to Bitcoin’s growing meme ecosystem.

On the Sui network, $LOOPY posted an impressive 45% gain, showcasing the diversity of meme token performance across blockchain platforms.

AI Narrative Boosts Meme Tokens

This week also saw a strong performance from AI-driven meme tokens, with $GOAT leading gains, up 74.82% amid growing interest in AI-related narratives.

The “Terminal of Truth” trend spurred further momentum, propelling the Russell token, while a major exchange predicted that AI integration would lead to an “Agentic Web,” underscoring the fusion of AI with meme culture.