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The MAD (MAD) token has been on fire over the past month as the best meme coins continue to fly in a crypto bull run.
MAD was trading at just $0.000010 earlier this month. In just a few weeks, its price surged sharply, peaking at $0.000066 on November 22, 2024 — an increase of over 500%, according to data from CoinMarketCap.
After reaching its peak, MAD’s price experienced a correction, stabilizing around $0.00003778 on November 26, down by 6% over the past day. Still, the token is up 340% over the past month and 225% over the past week.
MAD’s all-time low of $0.0000006979 occurred in mid-July, meaning the token has appreciated approximately 9,300% from its all-time low in a few months.
In the last 24 hours, the MAD token has seen a trading volume of $6.9 million. MAD’s market capitalization currently stands at $39.3 million, with a circulating supply of approximately 999.98 billion tokens.
We explore $MAD’s price rise and the story behind the memecoin.
What is MAD Crypto Token?
According to the project’s website, MAD is a “Wild Degen Beast.” It is a low-utility token that takes a hint at other popular meme coins, including $PEPU and $SLAP. The project’s website reads:
“He’s either out partying or hustling like a madman to make bank. $MAD is addicted to memecoins, especially when night falls. Those little f*ckers made him a fortune!”
Notably, the project also has a PFP generator [profile picture generator], which allows users to create profile pic, banners, wallpaper, and “everything you need to dominate social media.”
In its FAQ, the project’s website claims that MAD stands for MemesAfterDark. “We’re all about partying, hustling, and making frens along the way. MAD is planning to build the biggest Meme Coin IP and become an iconic brand.”
The project also promises future airdrops for community members and token holders.
MAD Token Surges Amid Meme Coin Mania
The surge in MAD price comes amid the recent meme coin mania, which has taken over the crypto market. The rally is largely attributed to President-elect Donald Trump’s recent victory and the announcement of Elon Musk as the chief of the newly formed Department of Government Efficiency (DOGE).
Dogecoin (DOGE) has been among the major winners. Its price experienced a nearly 50% increase in just the first week of Trump’s victory. As of now, the token is trading at around $0.3897, up by more than 180% over the past month.
The surge is not isolated to Dogecoin alone. Other meme-based cryptocurrencies, such as Shiba Inu (SHIB), have also seen substantial gains. SHIB’s price rose by nearly 38% in the five days following the election.
The broader cryptocurrency market has mirrored this trend, with Bitcoin surpassing $99,000, driven by optimism surrounding Trump’s pro-crypto stance and anticipated regulatory clarity.
With the surge in meme coins and market sentiment, there have been more examples of traders turning a small investment into a massive fortune as of late as the meme coin mania rages on.
Just recently, an anonymous trader turned a $17 investment in PNUT, a meme coin inspired by a viral squirrel, into an astonishing $3 million in Solana tokens.
The token, created through Pump.Fun, gained popularity following the story of PNut, a squirrel euthanized for a rabies test, which sparked widespread internet support.
The guy that bought $17 $Pnut now sold all of his bag for $3M
🤖 https://t.co/clEvhwnIyD pic.twitter.com/to8RCp3uTf
— Kakashi (@kkashi_yt) November 13, 2024
In another instance, a lucky trader turned $857 into $2 million after purchasing 23 million $FWOG meme coins.
However, such success stories are rare. Data indicates that over 60% of traders on Pump.fun experience losses, with less than 10% achieving significant profits.
The Bottom Line
The rise of the MAD token comes amid the ongoing meme coin mania, fueled by a wave of optimism surrounding President-elect Donald Trump’s victory and Elon Musk’s appointment as head of the DOGE.
Will the meme mania last? For now, the momentum does not want to slow down.
