This Week's Biggest Crypto Gainers Were Largely Dominated by Memecoins

The chart, which analyzed the top 100 cryptocurrencies, also highlighted Kaspa (KAS) on the losing side, continuing its decline from the previous week.

This week’s biggest crypto gainers were largely memecoins. Out of the top ten gainers, six fell into this category, continuing the trend of memecoins outperforming the broader market in recent weeks.

However, the biggest losers were led by Monero, which dropped by 11%, extending its losses from the previous week.

Here’s a closer look at the biggest winners and losers.

Biggest winners

Pepe [PEPE] started the week with a 4% dip on Monday, hinting at a potential downtrend. However, it quickly reversed course with a 5% surge the following day.

The most notable spikes occurred on September 26th and 27th, each day recording gains of over 12%. Pepe opened the week trading at around $0.000008 and closed near $0.00001, marking an additional 6% increase by week’s end.

Data from CoinMarketCap shows PEPE was the top-performing crypto of the week, with an impressive 36% gain. Trading volume surged to over 35 trillion PEPE tokens during the week.

As of this writing, its value is approximately $1.2 billion, although it has since seen a 6% drop. Pepe’s market capitalization stands at around $4.75 billion.

Dogwifhat [WIF] ranked as the second-largest gainer of the week. It began the week with a dip, trading at around $1.69, but steadily climbed to finish at $2.37. This upward movement resulted in a 34% increase, based on CoinMarketCap data.

Despite a slight pullback to $2.31 as of this writing, Dogwifhat’s trading volume has decreased by 20% over the past 24 hours to $386.4 million. Its market capitalization currently sits at approximately $2.3 billion.

Shiba Inu [SHIB] completed the top trio of memecoin gainers with a 33% rise for the week. Although SHIB experienced declines on three out of seven days, significant surges of 22% and 8% on September 26th and 27th propelled its overall performance.

SHIB opened the week at around $0.000014 and closed near $0.000019.

Biggest winners of the top 500

Moo Deng (MOODENG) took the lead with a staggering 336% increase, trading at around $0.22 in the broader market. Following closely was KARRAT (KARRAT), which rose by over 115% to $0.63. SPX6900 (SPX) came in third with a 114% rise, trading at approximately $0.10.

Biggest losers

Monero [XMR] had a tough week, showing no signs of recovery. It opened at $176.96 and consistently declined throughout the week, closing at $158.63. This amounted to an 11% drop, making it the biggest loser, according to CoinMarketCap.

Trading volume peaked at over 11,000 XMR on the last day but dropped to around $38.5 million, marking an 8% decline. Monero’s market capitalization is currently over $2.8 billion, reflecting a slight decrease.

Kaspa [KAS] had a relatively milder week than other losers, ending with a less than 2% loss. Despite starting the week at $0.164 with a 3% decline, it rebounded slightly, closing at $0.166.

Kaspa’s trading volume has seen a significant 50% drop, now sitting at $37 million. Its market cap stands at $4 billion, down by 2%.

Artificial Superintelligence Alliance [FET] posted a minor decline of less than 1%, marking it the third-largest loser of the week. The coin opened at $1.61 and ended the week at $1.60, with fluctuating trends throughout.

Trading volume has dropped by 30%, settling at around $169 million, while its market cap fell by 2% to almost $4 billion.

Biggest losers of the top 500

The biggest loser in the top 500 was Hamster Kombat (HMSTR), which fell by over 37%, trading at around $0.006. Catizen (CATI) followed with a 29% drop, trading at $0.60. Covalent X Token (CXT) saw a 27% decline, trading at approximately $0.10.

Conclusion

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