MEME Soars 55.65% While CRO Falls 2.37% on OKX

Published: 2025-08-23 02:25:05 |

According to OKX trading data on August 23, MEME led 24-hour gains in the cryptocurrency market with a 55.65% rise to $0.00403. Other top gainers included AAVE (+10.20%, $352.38), LDO (+8.81%, $1.559), ARB (+7.54%, $0.579), and ORDI (+7.20%, $9.782). On the flip side, CRO topped losses, falling 2.37% to $0.151. Additional declines were seen in RAY (-0.67%, $3.464), LINK (-0.41%, $26.35), BCH (-0.39%, $593.80), and ALGO (-0.15%, $0.261). Traders may view MEME’s surge as a sign of renewed interest in meme tokens, while the modest drop in major coins like CRO and LINK suggests cautious market sentiment.

Neutral

While MEME saw a sharp 55.65% gain, other leading altcoins displayed only moderate movements and key tokens like CRO and LINK recorded minor declines. Historically, isolated memecoin rallies often fail to sustain broader market momentum, suggesting limited follow-through. The mixed performance—strong gains in meme tokens versus modest dips in larger-cap coins—points to a neutral short-term impact, as traders may wait for further signals before committing. In the long term, broader market catalysts will be required to drive significant directional trends.