Memes’ low trading volumes draw attention to their volatile prices.
Base meme coins surged by double digits today after the SEC concluded its Ethereum investigation without filing security charges, according to data aggregator CoinGecko. Despite the significant price jumps, the low daily trading volume highlights how easily meme coin prices can be influenced.
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Leading the pack is the new meme coin Farcaster Flower (FLOWER), which bills itself as the “first flower token on Farcaster.” At the time of writing, FLOWER has seen a 116% price increase in the last 24 hours.
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During the same time frame, the dog-themed meme coin Basenji (BENJI) had a remarkable rise of 98.5%. Notable gainers are BERF and Weirdo (WEIRDO), with positive movements of 85.1% and 68.4%, respectively.
Pola (POLA) and Normie (NORMIE), with price increases of 42.9% and 35.7%, respectively, are in the middle of the pack. With 33% price rises, Landwolf (WOLF) and Degen (DEGEN), the native token of the layer-3 blockchain, are square.
Another one of the top 10 gainers is the cat-themed Poncho (PONCHO), with gains of 30.6%; ROXY FROG (ROXY) rounds out the group with positive movement of 28.6%. Remarkably, every one of the top 10 gainers in the Base ecosystem is plummeting in the weekly timeframe, with the exception of BERF (BERF).
Furthermore, every Base meme coin—aside from DEGEN and BENJI—registered a daily trading volume of less than $1 million. For instance, in the last day, ROXY’s volume rose little over $20,000, which was sufficient to cause a two-digit increase in price.
As a result, even though these meme coins’ price increases may seem alluring, they are nonetheless extremely dangerous and volatile. 
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