Meme Coin Market Sees Volatile Week Amid Fed Decision and AI Mania

The meme coin market experienced a volatile week, with some assets surging while others plummeted. Total market capitalization finished essentially flat at around $29 billion, according to CoinMarketCap.

The Federal Reserve's decision to hold rates steady on Wednesday, despite hotter-than-expected inflation data, had a dampening effect on risk appetite across the crypto market. Bitcoin (BTC) closed the week down about 1%, while the CoinMarketCap 20 Index DTF turned negative.

However, sentiment improved modestly after the Fed decision. The CMC Crypto Fear and Greed Index briefly climbed into Neutral territory for the first time since January before retracing.

Official Trump (TRUMP) was one of the week's biggest winners, climbing over 20% week-over-week, CoinMarketCap data showed. This followed a new promotion from the token's team offering top holders access to an April 25 luncheon with U.S. President Donald Trump at Mar-a-Lago.