SKI, AVAIL and TST pump 50% while BTC struggles at $96k

SKI, AVAIL and TST pump 50% while BTC struggles at $96k

Ski Mask Dog, Avail, and Test Lead Crypto Market Gains with Over 50% Surge

In a surprising turn of events, the prices of Ski Mask Dog (SKI), Avail (AVAIL), and Test (TST) have surged by over 50% in the last 24 hours, despite the overall muted performance of the broader cryptocurrency market.

Top Gainers in the Last 24 Hours

According to the latest data from CoinGecko, these three cryptocurrencies have emerged as the biggest gainers in the past day, drawing significant attention from traders and investors.

Ski Mask Dog (SKI) Leads the Rally

SKI has taken the top spot, witnessing a 55% surge from a 24-hour low of $0.05286 to a peak of $0.08254. This meme coin, which operates on the Base network, has been trending on social media platform X, contributing to its rapid price increase.

Adding to the momentum, reports indicate that U.S. Representative Mike Collins recently purchased $15,000 worth of SKI. Furthermore, the token secured a listing on the AI-multichain infrastructure platform WAGMI HUB, enhancing its visibility and credibility in the market.

Avail (AVAIL) Follows Closely with a 54% Increase

AVAIL has also seen a remarkable 54% jump within 24 hours, rising from a low of $0.0794 to a high of $0.1307. While the exact reason for this surge remains unclear, Avail has been actively engaging in high-profile crypto events. The project made a significant appearance at the Solana Hong Kong Summit earlier this month and is set to participate in the Ethereum Denver event between February 23 and March 2.

Test (TST) Gains 50% Amid Binance Founder’s Interest

TST has climbed 50% from its 24-hour low of $0.08178 to a peak of $0.1372, making it the third-largest gainer of the day. The surge appears to be driven by recent investments from Binance founder Changpeng Zhao, who has been accumulating TST. Notably, TST is a token deployed on the meme coin launch platform, Four Meme, under the Binance ecosystem.

Market Context: Gains Amidst a Muted Performance

While SKI, AVAIL, and TST have shown remarkable growth, the broader cryptocurrency market has remained relatively stagnant. Bitcoin has exhibited minimal movement, while Ethereum has recorded a modest 2.5% increase in the last 24 hours.

This surge in specific tokens, particularly meme coins, highlights the dynamic nature of the cryptocurrency market, where social media trends, influential investors, and strategic partnerships can drive significant price movements. Investors and traders are now closely watching whether these gains will be sustained or if a correction is imminent.