bullish

THREE ARROWZ CAPITEL

FLOKI

PEPE

<ul class="wp-block-list">
 <li>The meme coin 3AC soared by over 47%, trading at $0.04516.&nbsp;</li>
 <li>The market cap of meme coins has reached $58.1 billion in the last 24 hours.</li>
</ul>
The overall crypto market is currently striving to get its bullish hold after a brief downturn. The market cap has spiked over 2.40% to $2.25 trillion and trading volume has surged by 45.73%.
Recently, the potential rise of <a href="https://thenewscrypto.com/memecoins-lead-market-recovery-by-hitting-new-highs/" target="_blank" rel="noopener noreferrer nofollow">meme coins</a> observed in the market has gained attention within the market. The meme coin market cap has reached $58.1 billion by gaining 2.3% in the last 24 hours.&nbsp;
Meanwhile, a crypto analyst, Murad, <a href="https://x.com/MustStopMurad/status/1844110652534817066" target="_blank" rel="noopener noreferrer nofollow">stated</a> that meme coins will dominate this market cycle. With its appeal and momentum, people might push these tokens to new heights. Adding that, they will outperform everything in this cycle.&nbsp;
Notably, the Three Arrows Capital co-founder Su Zhu, <a href="https://x.com/zhusu/status/1845688348566024491" target="_blank" rel="noopener noreferrer nofollow">announced</a> that he has taken a long position in the meme coin, THREE ARROWZ CAPITEL (3AC) at a price of $0.0321. The token has gained over 35% in the past 24 hours. Three Arrows Capital founders launched their token, a misspelled token name of their failed hedge fund.&nbsp;
At press time, the token traded at $0.04534 with its daily trading volume soaring by 1072% to $2.09 million. The 24-hour high and low are found at $0.02947 and $0.0444, respectively, as per CMC <a href="https://coinmarketcap.com/currencies/three-arrowz-capitel/" target="_blank" rel="noopener noreferrer nofollow">data</a>. The asset hit its all-time high on October 1, at $0.06329.&nbsp;
<h3 class="wp-block-heading" id="h-the-meme-coin-market">The Meme Coin Market</h3>
Meme coins in the crypto market are showing revival signals and have found several coins bouncing back from their lows, as per CMC <a href="https://coinmarketcap.com/view/memes/" target="_blank" rel="noopener noreferrer nofollow">data</a>. Coins like BRETT, BOME, MOG, FLOKI, and <a href="https://thenewscrypto.com/are-pepe-bulls-set-to-further-extend-their-gains/" target="_blank" rel="noopener noreferrer nofollow">PEPE</a> have registered gains of over 7% in the past 24 hours.&nbsp;&nbsp;
BRETT price has increased by 15.52%, which trades at $0.1139. The token’s trading volume has soared by over 51.33 to $93.83 million. BOME and MOG followed by gaining over 9%, trading at $0.008966 and $0.00000211, respectively. Meanwhile, FLOKI trades at $0.0001484, spiked by 6.95%. Besides, the PEPE price has increased by 6.69%, which trades at $0.00001047.&nbsp;
Highlighted Crypto News&nbsp;
<a href="https://thenewscrypto.com/will-bitcoin-bulls-take-charge-as-btc-targets-new-resistance/" target="_blank" rel="noopener noreferrer nofollow">Will Bitcoin Bulls Take Charge as BTC Targets New Resistance?</a>

Memecoin Linked to Defunct Hedge Fund 3AC Soars 35%

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