Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Meme coin MICHI skyrockets following Ariana Grande's Instagram post

Meme coin MICHI skyrockets following Ariana Grande's Instagram post

Cryptobriefing2024/06/10 19:46
By:Gino Matos

An Instagram story from singer Ariana Grande ended up in an 18% leap performed by Solana-based meme coin Michi (MICHI) in less than one hour. The price growth happened after known Solana bull Ansem shared Grande’s post showing the cat that illustrates MICHI using a costume worn by the singer.

The publication was enough to skyrocket MICHI’s price, followed by a quick correction. Nevertheless, the token is still up by 9% in the last 24 hours, according to data aggregator CoinGecko.

MICHI is one of the 15 meme coins issued on Solana that boast a market cap of over $100 million, and one of the top three gainers in the last 24 hours within this category. The cat-themed token is currently bested only by Beercoin (BEER) and Ponke (PONKE), which has risen 12.3% and 18.4% in the period.

Notably, four of the five crypto categories with the highest daily returns are related to meme coins. Base meme coins are up nearly 14% boosted by the frog-themed coin Roxy Frog (ROXY), which also boosted the 6.7% rise seen in the frog-themed meme coins category.

The Base meme coin ecosystem was also responsible for the good performance registered by cat-themed coins, as the token Poncho (PONCHO) shot up by almost 67% in the last 24 hours. Solana-based meme coins wrapped up the group with a 5.4% growth in the period.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Strive Pushes Intuit to Add Bitcoin to Treasury

Strive urges Intuit to hold Bitcoin in its treasury to hedge against AI-driven disruption risks.Bitcoin as a Hedge Against AI Disruption?Why Bitcoin, and Why Now?BTC in the Boardroom

Coinomedia2025/04/16 14:22
Strive Pushes Intuit to Add Bitcoin to Treasury

JP Morgan Predicts Imminent Interest Rate Cuts

JP Morgan forecasts upcoming rate cuts, signaling a major shift in U.S. economic policy that could impact markets and crypto alike.JP Morgan Signals Upcoming Interest Rate CutsWhy Rate Cuts Matter for MarketsCrypto Could See Renewed Interest

Coinomedia2025/04/16 14:22
JP Morgan Predicts Imminent Interest Rate Cuts