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

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

The overall crypto market cap nosedived by almost 1.4% in the last 24 hours. As per CoinGecko, the global crypto market cap stands at $2.38 billion at press time.

Bitcoin (BTC) and Ethereum (ETH) are showing no signs of movement in this timeframe. Bitcoin is down by over 2.1% in the last seven days, and Ethereum is down by almost 7% during this period.

However, amidst this bearish outlook, few meme coins are outpacing the overall market conditions. One notable meme coin called Wuffi (WUF) has surged by over 50% in the last 24 hours, earning the top gainer spot on CoinGecko.

WUFFI jumps 50% as team burns 317 billion WUF

WUFFI has reached a market cap of $103 million, as the coin has surged from a 24 hour low of $0.00000008106 to as high as $0.0000001233.

The coin is trading in the green territory when it comes to its price performance in the last 30 days with its 130% surge.

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

The project’s X account has closed to 700k community members who have likely noticed this initiative. This decision has likely ended up being positive, which is evidenced by its recent pump.

KLAUS and STFC pump close to 50%

A meme coin called Klaus (KLAUS) has earned the position of the second-largest gainer on CoinGecko. The coin has surged by almost 49%, hitting the price level of $0.0269.

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

However, their team had announced that they hit 6,000 Klaus holders yesterday.