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.

The decentralized oracle network Chainlink (LINK) is once again the top-ranked ERC-20 project in terms of recent development activity, according to the crypto analytics platform Santiment.

Santiment notes on the social media platform X that Chainlink registered 649.03 notable GitHub events in the past 30 days, nearly double the number of the second-ranked project, Ethereum (ETH), which clocked 342.2.

The decentralized oracle project also topped the list in June, July and September.

The web3 project Status (SNT) ranked third in the past 30 days, registering 270.57 events. Status aims to offer users a secure messaging app, crypto wallet and web3 browser via an open-source, peer-to-peer protocol and end-to-end encryption.

An ERC-20 project is a standard that developers use to issue tokens on the Ethereum blockchain and virtual machine.

Santiment notes that it doesn’t count routine updates and utilizes a “better methodology” to collect data for GitHub events based on a “backtested process.”

The analytics firm has previously said that heavy development activity centered around a crypto project indicates developers believe in the protocol. Development activity also suggests that the project is less likely to be an exit scam.

LINK is trading at $11.11 at time of writing. The 18th-ranked crypto asset by market cap is down more than 6% in the past 24 hours.

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