Thomas Daniels
In a remarkable display of volatility, cat-themed Catana and horse-themed Cheyenne meme coins surged over 250%, fueled by renewed enthusiasm in the cryptocurrency market. Meanwhile, Ripple’s XRP has reclaimed the $1 mark, bolstered by political and regulatory developments.
Meme Coin Mania: Catana and Cheyenne Lead the Gains
Relatively new to the market, Catana and Cheyenne topped the gainers’ list on CoinGecko with unprecedented triple-digit returns in the past 24 hours.
Catana, a meme coin built on the Solana blockchain, spiked by 270%, climbing from a 24-hour low of $0.008634 to $0.03586. Despite its original deployer’s abandonment, the community-driven revival of Catana emphasizes its cultural appeal, particularly among fans of cat-themed memes. The coin’s anti-whale mechanism and growing activity on X (formerly Twitter) may have added to its allure, though no clear catalysts for the surge were identified.
Similarly, Cheyenne posted a 250% increase, jumping from $0.007521 to $0.04718. The forthcoming listing on BitMart appears to be a significant driver of its momentum. With a market cap now exceeding $43.9 million, Cheyenne’s rise highlights the speculative appetite for meme coins amidst a broader market uptrend.
XRP Breaks $1 Amid Regulatory Winds
Beyond meme coins, Ripple’s XRP has seen a resurgence, climbing nearly 30% to reach $1.22 before stabilizing around $1.15. The rally coincided with the re-election of Donald Trump as U.S. President and speculation over SEC Chair Gary Gensler’s potential resignation.
XRP’s rise was further fueled by a high-profile lawsuit filed by state attorneys general against the SEC, accusing the regulator of constitutional overreach. The case, lodged in the U.S. District Court for the Eastern District of Kentucky, has reinvigorated market optimism for Ripple’s ongoing battle with the SEC.
This price action reaffirms XRP’s position as a resilient top-10 cryptocurrency, even amid legal uncertainty.
