On-chain meme trading activity is on the rise, with tokens like Franklin and DOYR boosting market sentiment.

BlockBeats News, December 8—According to GMGN market information, as mainstream cryptocurrencies rebound, trading activity of on-chain meme coins across various networks has also picked up, with some meme coins showing notable performance. Among them: In the Solana ecosystem, meme coin Franklin had a 24-hour trading volume exceeding $20 million, and its market cap surpassed $13 million six days after launch. PIPPIN, after a continuous rally over the past two weeks, saw a pullback, with a 24-hour trading volume reaching $20.9 million and a current market cap of $177 million. Analysts previously noted strong bullish control over this token. In the BSC ecosystem, meme coin DOYR’s market cap briefly surged above $20 million over the weekend, with a single-day trading volume of $22.6 million. As of press time, its market cap had fallen back to $6.63 million. BlockBeats reminds users that meme coin prices are highly volatile, and there are still significant doubts about the sustainability of the market sentiment recovery and the depth of speculation. Users should invest cautiously.