WUFFI and KLAUS pump nearly 50% as global crypto market cap drops over 1.4%

In the bearish conditions of the crypto market, Wuffi emerges as the top gainer with a 50% increase in the last 24 hours.

The overall crypto market cap has fallen by almost 1.4% in the last 24 hours. According to CoinGecko, the value of the global crypto market is at $2.38 billion at the time of writing.

Bitcoin (BTC) and Ethereum (ETH) show no signs of movement in this time frame. Bitcoin is down over 2.1% in the last seven days, and Ethereum is down almost 7% in that period.

But amid this bearish trend, very few meme coins are outperforming the overall market conditions. A prominent memecoin called Wuffi (WUF) has surged over 50% in the last 24 hours, making it among the top gainers on CoinGecko.

WUFFI increased by 50% as the team burned WUF 317 billion

WUFFI rose from a 24-hour low of $0.00000008106 to $0.0000001233, reaching a market cap of $103 million.

Looking at the price performance of the coin in the last 30 days, it is trading in the green zone with a 130% increase.

Source: Chart from CoinGecko

One of the most logical reasons for this pumping is the latest initiative of the WUFFI team. The team recently burned a total of 317 billion WUF.

Project X account was closed to 700 thousand community members who probably noticed this attempt. This decision probably had a positive outcome, as evidenced by the recent rise.

Bodied $WUF Burning Completed! 🔥

You asked for it and we delivered! We burned 168B+ today $WUF from our buyback $TON From WuffiTap and YouTube ad revenue! Plus another 149B+ $WUF Unclaimed S1 rewards are completely gone!

Who’s ready to burn NEXT? pic.twitter.com/jWKPVx4XYh

— WUFFI! (@WUFFI_Inu) October 23, 2024

KLAUS and STFC pump close to 50%

The meme coin named Klaus (KLAUS) became the second highest-earning coin on CoinGecko. The coin increased by almost 49% to reach the price level of $0.0269.

Klaus has a low market cap of $26.7 million. The exact reason for the increase in Klaus’ price is unclear.

However, their team announced yesterday that they had reached 6,000 Klaus owners.

STFX is right behind KLAUS with its 46% pump. The cryptocurrency rose from a 24-hour low of $0.02884 to $0.04254.

The coin has also increased by over 580% in the last 30 days. The project recently announced that it will officially move to Solana (SOL). They also stated that they are in the final stages of a complete restructuring of their dApp.

STFX stated that they saw exponential growth in Solana, which was the main reason for their transition.