


Out of the 5 biggest memecoins -- Dogecoin, Shiba Inu, Baby Doge Coin, Floki and Dogelon Mars -- only one failed to beat Bitcoin and Ethereum in January.
Top Memecoins on Fire in January
The crypto sector is heading into potentially turbulent waters in February, but however it turns out, the month of January will remain a pleasant memory for investors -- particularly those who placed bets on major memecoins such as Floki, Baby Doge Coin and Shiba Inu.
Those three tokens outperformed both Bitcoin and Ethereum in January 2023. Meanwhile, the other two memecoins in the top five by Market Capitalization (MC) -- Dogecoin and Dogelon Mars -- also posted significant gains.
For reference, the price of $BTC rose by 40% from Jan. 1 to Feb. 1, while $ETH increased by 33%, according to CoinGecko.
Let’s see how the top five biggest memecoins compared:
1. Dogecoin
- Symbol: $DOGE
- Current MC: $12.7 billion
- January Change: +37%
- Bottom Line: $DOGE outperformed $ETH but trailed $BTC.
2. Shiba Inu
- Symbol: $SHIB
- Current MC: $6.9 billion
- January Change: +46%
- Bottom Line: $DOGE outperformed both $BTC and $ETH.
3. Baby Doge Coin
- Symbol: $BABYDOGE
- Current MC: $247.0 million
- January Change: +70%
- Bottom Line: $BABYDOGE outperformed both $BTC and $ETH.
4. Floki
- Symbol: $FLOKI
- Current MC: $221.0 million
- January Change: +204%
- Bottom Line: $FLOKI outperformed both $BTC and $ETH and was the biggest gainer among top memecoins in January.
5. Dogelon Mars
- Symbol: $ELON
- Current MC: $197.3 million
- January Change: +24%
- Bottom Line: $ELON underperformed both $BTC and $ETH.
What is Dogecoin:
Dogecoin purports to be the accidental crypto movement that makes people smile! Dogecoin features the Shiba Inu, a Japanese breed of dog, as its logo. It is an open-source, peer-to-peer cryptocurrency that utilizes blockchain technology. Dogecoin's underlying blockchain technology is derived from Litecoin. Notable features of Dogecoin included its employment of the Scrypt algorithm, its low price, and its unlimited supply. Dogecoin is very popular, ranking at the top of market capitalization, has enormous popularity, and maintains one of the strongest followings in crypto.
Where to find Dogecoin:
Website | Twitter | Reddit | Discord |
What is Shiba Inu:
Shiba Inu is an Ethereum-based altcoin that has the Shiba Inu—a Japanese breed of hunting dog—as its mascot. The SHIB token aspires to be an Ethereum-based alternative to Dogecoin (DOGE). Unlike Bitcoin, which is designed to be scarce, SHIB was created to be intentionally abundant — with a total supply of one quadrillion. The Shiba Inu Token ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap.
Where to find Shiba Inu:
Website | Twitter | Telegram | Discord
What is Baby Doge Swap:
Baby Doge Swap is the acclaimed “son” of the popular meme token, DOGE. Baby Doge Swap started out as Baby Doge Coin and is a hyper-deflationary system that progressively increases its scarcity and increases its liquidity. The project is now a fully Decentralized Exchange with swaps, liquidity pools, yield farming, and more. Baby Doge considers its primary utility as building a fun meme community to spread awareness of animal adoption.
Where to find Baby Doge Coin:
Website | Twitter | Telegram | Reddit | Swap |
What is Floki:
Floki Inu began with a tweet from Elon Musk. When the billionaire announced he would name his Shiba Inu puppy Floki, it created a deluge of ‘Floki’ dogcoins. The most successful of these is Floki Inu. Floki Inu is currently the third most popular meme token on the market, behind Dogecoin and Shiba Inu. It is backed by a community of committed enthusiasts and a strong marketing campaign.
Where to find Floki:
Website | Twitter | Telegram | Discord
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Terraform Labs Founder Do Kwon Appeals Extradition Decision in Montenegro

The appeal will be reviewed by the Montenegro court, and the Montenegrin Ministry of Justice faces challenges in reaching a conclusive decision by the December 15 deadline.
Kwon Do-hyung, the founder of Terraform Labs (TFL), has filed an appeal against the recent extradition ruling made by the High Court of Podgorica in Montenegro, according to a local South Korean media outlet.
The Montenegrin Court of Appeal confirmed on December 6 that Kwon Do-hyung contested the decision, stating, “I do not accept the court’s decision to extradite me, so I do not submit to the court’s decision.”
This appeal prompts the Montenegrin Court of Appeals to reassess the extradition decision, introducing uncertainty into the resolution timeline.
Extradition Request and Timeline
The court initially approved Kwon’s extradition request on November 24, stipulating his transfer to either the United States or his home country, South Korea.
The current appeal has altered the decision-making timeline, making it challenging for the Montenegrin Ministry of Justice to finalize the extradition destination before the December 15 deadline.
During the extradition trial, Kwon expressed a preference for being extradited to South Korea, a request that was granted by the court. However, the appeal has extended the timeline, potentially rescheduling the extradition proceedings to January, according to Crypto Times.
Despite Kwon Do-hyung’s appeal, local observers in Montenegro suggest slim chances of overturning the extradition decision. A prevailing belief among Montenegrin government officials and judiciary figures is that Kwon’s continued detention attracts undue attention.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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