On-chain meme trading activity is on the rise, with tokens like Franklin and DOYR boosting market sentiment.

On December 8, according to GMGN market information, as major cryptocurrencies rebounded, on-chain trading activity for meme coins across various networks also showed signs of recovery, with some meme coins performing notably well. Among them: Solana ecosystem meme coin Franklin recorded over $20 million in trading volume in the past 24 hours, and its market cap surpassed $13 million six days after launch. PIPPIN, after a sustained rally over the past two weeks, experienced a pullback, with a 24-hour trading volume of $20.9 million and a current market cap of $177 million; analysts have noted unusually strong bullish control over this coin. BSC ecosystem meme coin DOYR saw its market cap briefly surge above $20 million over the weekend, with a single-day trading volume of $22.6 million; as of press time, its market cap had fallen back to $6.63 million. BlockBeats reminds users that meme coin prices are highly volatile, and there remain significant questions about the sustainability of market sentiment recovery and the depth of speculation, so users should exercise caution when investing.