MemeCore Surges as Broad Memecoin Rotation Ignites Risk-On Sentiment

The price of MemeCore (M) surged by 5.42% over the last 7 hours, driven by a broader memecoin rotation and risk-on sentiment in the crypto market.

This move is part of a larger trend, where social media buzz and trader attention are shifting back to memecoins.

The total crypto market cap has risen 2.44% over the last 24 hours, reaching $2.68 trillion, while the Fear & Greed index sits in 'Greed' territory at 67, indicating increased risk appetite.

Derivatives open interest and funding rates are elevated but not extreme, suggesting that traders are stretching for additional upside in memecoins.