$HOBBES Meme Coin Hits $107M in 24H, $76M Market Cap, Flipping @0xPolygon

The cryptocurrency market has witnessed a significant surge in trading volumes and market capitalization, particularly within the meme coin sector. $HOBBES, a meme coin dedicated to Ansem's cat, has seen over $107M in trading volume in less than 12 hours, surpassing the entire NFT ecosystem's trading volume of $43M in the past 24 hours. Additionally, $HOBBES has achieved a market capitalization of $76M, overtaking other notable meme coins and even flipping @0xPolygon in 24-hour on-chain volume. This phenomenon has contributed to a record $1.22 billion trading volume on decentralized exchanges (DEXs) over the weekend, with memecoins like #degen and #Brett reaching over $500 million each in market cap. The first quarter of 2024 has highlighted the dynamic performance of the crypto market, with meme coins, real-world assets, and AI tokens leading in profitability.