XRP meme coin PHNIX pumps 50%; UFD shows a similar pump

XRP meme coin PHNIX is up over 50% as the overall crypto market tries to regain its bullish stance.

Over the past 24 hours, Bitcoin (BTC) and Ethereum (ETH) have shown clear signs of struggling to regain their bullish stance, while several lesser-known cryptocurrencies have reached double digits.

According to CoinGecko’s list, one of the top gainers is Phoenix (PHNIX). PHNIX is an XRP (XRP) meme coin that rose from a 24-hour range of $0.00004662 to a high of $0.0000698.

PHNIX 24H price chart | Source: CoinGecko

Crypto analyst Gordon recently tweeted that meme coins on the XRP chain are exploding. He specifically stated that PHNIX had printed a huge God candle after a week of consolidation. Gordon also emphasized that he looks ready for his next rally.

MEMECOINS $XRP THE CHAIN ​​IS EXPLODING!$XRP rises from the ashes like a phoenix and the flagship meme is $PHNIXAfter a week of consolidation I printed a giant god candle. He now looks ready for his next rally.

The third largest and most well-known mascot in the world…

— Gordon (@AltcoinGordon) January 12, 2025

The second cryptocurrency with an increase of almost 70% is Unicorn Fart Dust (UFD). The UFD price has increased nearly 100% in the last seven days and is trading at $0.2274 at the time of writing.

UFD 24H price chart | Source: CoinGecko

The meme was started by a 56-year-old YouTuber named Basement Ron, who has created videos about gold, silver, and now UFD. Although the exact reason for the price increase is unclear, the cryptocurrency also has partnerships with companies such as MoonPay.

From where @MoonPay Sponsoring Basement Ron? 🦄💨

I’ve never received so many messages and DMs, so I wanted to respond publicly!

Ron’s journey that he talks about below is something we are all incredibly proud of at MoonPay as we work to get the masses involved in crypto.

▶️ Not Ron… https://t.co/nPp0KAy6As

— Keith A. Grossman (@KeithGrossman) January 11, 2025

When we narrow down the top gainers of the top 300 coins by market cap, Theta Network (THETA) gained close to 14% from the 24-hour low of $0.06857 to $0.09682, followed by its current price of 0, It is back to $07854. .

24-hour THETA price chart from CoinGecko

According to CoinMarketCap data, the global crypto market value is at $3.33 trillion, with an increase of 1% in the last 24 hours. Alternative data also shows that the crypto Fear and Greed Index is currently at 62, indicating greed. Greed usually indicates that the market needs a correction.

Disclosure: This article does not constitute investment advice. The content and materials on this page are for educational purposes only.