Latest Crypto News Today, September 17: TOSHI Outperforming BRETT and Pudgy Penguins’ PENGU Crypto as Best of Memecoin Gains Traction

[Ben Graham]

It is September, and it is the month when the crypto market usually flips the script. This September, memecoins are front and center, and Toshi crypto is leading the memecoin space.

While the crypto sentiment shifts bullish following the Fed’s rate cut odds, retail money is pouring into Solana memecoin crypto plays like PENGU and Toshi, which just posted a massive 49% daily pump.

(source – CME watch)

Currently trading around $0.00088 with a market cap north of $366 million, Toshi crypto is crushing rivals like BRETT, while boosting confidence across the Solana memecoin sector. With daily volume on Toshi spiking past $363 million, fueled by a Korean Upbit listing, and Solana’s on-chain activity heating up, it’s clear the memecoin market is having its summer.

(source – CoinGecko)

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Toshi Crypto Surges as BRETT Loses Steam: Can Solana Memecoin Ecosystem Heats Up with PENGU and PUMP?

The Base ecosystem hasn’t seen this kind of memecoin run since January. Over the past 24 hours, Toshi has not only outperformed memecoin crypto contenders but also left BRETT in the dust. BRETT remains stuck at around $0.000504 with underwhelming volume, while Toshi crypto has climbed, and 300K+ wallets are holding the token.

(source – Base TVL, DefiLlama)

According to DeFiLlama, Base’s TVL has jumped 5% to more than $5 billion, largely on the back of this growing Toshi crypto hype.

The SOL ▲0.23% memecoin scene is also gaining traction. PENGU holds a strong market cap of around $2 billion. PUMP, the pump.fun coin has also run above its all-time high, rising by more than 200% in the last few weeks.

pudgy penguins

Price

Market Cap

PENGU

$2.96B

24h7d1y

Notably, 85% of Solana’s 2025 token launches have been memecoins, mostly launched in pump.fun. As per Dune data, more than 12 million tokens have been launched in pump.fun.

(source – Dune)

Toshi crypto run has undeniably echoes into Solana, lifting overall sentiment for memecoins like BONK and WIF. Trading volume is bumping, low fees—continues to support real retail interest in Solana memecoin scene.

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56 minutes ago

BTC USD Braces For Vital FOMC Meeting: Best Crypto to Buy Right Now?

By Akiyama Felix

Today is D-day, and leading crypto traders will know whether it is the right time to add to their portfolio the best crypto to buy right now. Bitcoin and its hot pair, BTC USD, are at the top of their list, but there are other quality altcoins to explore. Some may not be in the top 20, but they are rising steadily up the crypto ranking.

Ahead of the FOMC announcement, where the Federal Reserve is largely expected to slash rates, BTC USD is firm and likely to close above a key resistance level at $118,000 by the end of the day. According to Coingecko, Bitcoin crypto is already up nearly +100% year-to-date, and steady over the past trading month. While BTC USDT prices slightly fell in the second half of last week, momentum has been building. In the last week of trading, the Bitcoin price is up roughly +4%.

(Source: Coingecko)

On Coinglass, top traders are bullish. The long/short ratio, which compares the number of long to short positions, is positive, at +2. However, looking at accounts, the long/short ratio is below +1, meaning most accounts on Binance are net bearish on the digital gold.

(Source: Coinglass)

Still, BTC USD and BTC USDT is rising, standing at $17.4Bn on Binance and over $8.3Bn on Bybit. It is also rapidly rising on Hyperliquid, standing at nearly $3Bn, up +18% in the past 24 hours.

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Read the full article here.

2 hours ago

What Time is The Fed Rate Cut Meeting Today? Fed Rate Cuts Looms As Bitcoin Traders Brace for $112K Whiplash

By Akiyama Felix

What time is the Fed rate cuts meeting today? BTC ▲0.99% is trading near $116,000 as markets await the Federal Reserve’s September 17 decision. CME FedWatch puts the odds of a 25-basis-point cut at 96%, effectively locking in cheaper capital. The fed rate cut decision will be made at 2:00 PM EST.

The question for the Bitcoin price, however, and crypto is more about impact than timing.

The worry right now is that a recession has followed a majority of rate-cutting cycles, and poor US economic data is ubiquitous leading into the meeting.

(Source: FRED)

Sometimes you get a soft landing (1984, 1995), but they’re rare and only tend to happen if unemployment is falling and yield curves are more normal. Neither is the case today.

While rate cuts are stimulative in a vacuum, the Fed only tends to use them when unemployment worsens or the broader economy is at higher risk than rising inflation is. Jerome Powell and the Fed may have backed themselves into a corner after their excessive COVID stimulus.

Analyst Lark Davis cautioned that liquidity shifts rarely play out cleanly, warning of a potential “sell-the-news” dip before upside momentum takes hold. Conversely, trader Sykodelic drew parallels to 2024, when Bitcoin climbed 77% in the three months after a 50 bps cut, calling the current setup “nearly identical.” So, where does crypto go next?

Read the original story here.

2 hours ago

CAT, AURA, WIF Lead As Meme Coins Dip For FOMC: Best Meme Coin to Buy Today?

By Akiyama Felix

Meme coins are struggling ahead of today’s FOMC meetings, which are expected to result in a 25bps rate cut. Standing out from the crowd are Simon’s Cat (CAT), Aura (AURA), and Dog Wif Hat (WIF), all in the green overnight, posting 4 to 6% gains. With the FOMC volatility expected, investors are wondering what is the best meme coin to buy Today?

According to CoinGecko, the meme coin category is down 0.4% today, falling to a combined market cap of $86.5Bn. Most are in the red today, while a few outliers, such as the aforementioned meme coins, are holding strong in the face of today’s expected market volatility.

(SOURCE)

Read the full article here.

The post Latest Crypto News Today, September 17: TOSHI Outperforming BRETT and Pudgy Penguins’ PENGU Crypto as Best of Memecoin Gains Traction appeared first on 99Bitcoins.