The meme currency economy on the rise after the FTX fiasco. It gained $1.4 billion in 30 days

Dogecoin also managed to move from ninth in terms of market capitalization to eighth in terms of crypto market valuation over the past month. Shiba inu, on the other hand, dropped from the thirteenth largest market cap to fourteenth.

Meme tokens have gained more than 7 percent in the past month.

In the midst of the craziness with FTX and before the bankruptcy filing, meme coins took a hit when the crypto economy experienced major fluctuations in value. On November 9, two days before FTX filed for Chapter 11 bankruptcy protection, the meme token economy was valued at $18 billion.

Dogecoin (DOGE) took a big loss that day, falling 16.5% according to coingecko.com on November 9, 2022. The second largest meme currency by market capitalization, shiba inu (SHIB), lost 10.8 percent of its value that day.

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The third largest meme token (at the time), baby doge (BABYDOGE), lost 14.2% of its value 30 days ago, on November 9. The meme currency economy has been recovering lately, as the total meme currency assets listed on coingecko.com are approximately $19.4 billion on December 9, 2022.

This means that the meme currency economy has swollen by $1.4 billion in the last 30 days, or recorded a 7.77% increase against the US dollar. DOGE has had a good month against the greenback, rising 29.4% in 30 days and 7.8% in the last two weeks.

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Between November 9 and December 9, the valuation of the dogecoin market rose from $11.63 billion to $13.30 billion. The price increase of Shiba Inu (SHIB) in the last 30 days was about 5.9% and in the last two weeks, SHIB increased by 0.3%.

The Baby doge coin has risen 13% in the past month and the current third largest meme coin by market capitalization, dogelon mars (ELON), has risen 40.2%. The value of the meme token floki (FLOKI) jumped 30.6% last month and kishu inu (KISHU) gained 8.5% during this period.

Today’s top ten list of meme economy tokens includes dogecoin (DOGE), shiba inu (SHIB), dogelon mars (ELON), baby doge coin (BABYDOGE), floki (FLOKI), kishu inu (KISHU), doge killer (LEASH), tamadoge (TAMA), catecoin (CATE) and samoyedcoin (SAMO).

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