The meme coin Unicorn Fart Dust (UFD) has witnessed a surprising resurgence as Swarms (SWARMS) and Pippin (PIPPIN), previously a target of many for their huge gains, face significant bearish pressure.
While UFD has enjoyed an 8.1% increase in the last 24 hours, bringing its price to $0.1844, both SWARMS and PIPPIN have witnessed sharp declines, with losses of 33.3% and 33.1% respectively over the same period.
Unicorn Fart Dust (UFD) hits a new ATH
Unicorn Fart Dust, known for its whimsical name and meme-driven appeal, has recovered from a recent decline that saw it drop to $0.06.
With a current market cap of $184,431,814, UFD has shown resilience, with a 41.8% increase over the last week and a significant 140.2% jump in the past 14 days.
This surge has brought UFD to a new all-time high of $0.2367 on January 12, 2025.
Despite this, the token’s price range over the last 24 hours from $0.1655 to $0.2367 indicates there’s still volatility at play, but overall, UFD seems to be capturing the imagination (and wallets) of investors looking for the next big meme coin.
The trading volume has also been substantial at $42,706,671, suggesting robust activity around this token.
Swarms (SWARMS) struggles under bearish pressure
Conversely, Swarms (SWARMS) has not been as fortunate, experiencing a downturn that has shaved off 33.3% of its value in the last 24 hours, dropping to $0.1865.
The token, which hit an all-time high of $0.6055 just days ago on January 07, 2025, has seen its market cap reduce to $186,967,805 from a higher peak.
Swarms price chart by CoinGecko
The 7-day performance for SWARMS is down by 47.3%, which paints a picture of a rapid descent from its recent highs.
This bear pressure might be attributed to profit-taking by investors or perhaps a broader market correction.
Despite the 14-day performance showing a hefty 232.5% increase, the immediate trend suggests SWARMS is struggling to maintain its earlier momentum, with a 24-hour trading volume of $171,170,859 indicating significant market activity, but much of it likely being sell orders.
Notably, Swarms price drop comes after a whale reinvested $8 million in the token betting on another bull run after reaping big with the previous Swarms price surge.
Pippin hit hard by the bearish market
Pippin (PIPPIN) has also been hit hard by the bearish market, dropping 33.1% in the last 24 hours to $0.1497.
With an all-time high of $0.3186 hit only two days ago on January 11, 2025, the token’s rapid fall is stark.
Pippin price chart by CoinGecko
The 7-day performance, however, tells a different story with a 214.3% increase, showcasing how quickly fortunes can change in the crypto world.
Over 14 days, PIPPIN has seen an incredible 1645.7% rise, but this meteoric rise seems to have precipitated an equally swift fall.
The market cap now stands at $147,945,241 with a 24-hour trading volume of $85,357,050, reflecting the high interest in the token even as its value decreases.
The volatility of meme coins
This divergence in performance among UFD, SWARMS, and PIPPIN underscores the speculative nature of investing in meme coins.
While UFD has managed to capture the zeitgeist of the moment, SWARMS and PIPPIN are reminders of the crypto market’s inherent volatility, where rapid gains can be quickly eroded by market corrections or shifts in investor focus.
As these memecoins navigate through the choppy waters of investor sentiment and market dynamics, the only constant seems to be change itself.
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