According to COINOTAG, significant price movements were observed within the Ethereum ecosystem on October 7. The MEME coin known as MOODENG surged an impressive 283% within a 24-hour period, settling at a price of $0.00008711. This remarkable spike has resulted in a market capitalization of approximately $36.25 million and a robust trading volume exceeding $9 million over the same timeframe.

Additionally, another MEME token, PESTO, experienced a notable increase of 238%, now trading at $0.00001848 with a market value of $7.77 million and a trading volume around $600,000 in the previous 24 hours. However, COINOTAG advises caution, as the volatility within the MEME token market is pronounced, with many of these assets lacking substantive use cases. Investors are encouraged to exercise prudence and avoid falling into FOMO traps, focusing instead on asset protection.

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