Memecoins deployed on The Open Network have rallied over the past day despite broader stagnation in the cryptocurrency market, according to Coingecko. The top TON memecoins by market cap have increased by 35.2% in the past day to now stand at $172 million.

Memecoins native to the TON network, such as Resistance Dog (ticker: REDO), The Resistance Cat (ticker: $RECA) and Ton Inu (ticker: TINU) have increased by 32%, 49% and 9.5%, respectively, over the past 24 hours.

In comparison, the wider cryptocurrency market cap has fallen by 0.1% to $2.54 trillion. Bitcoin and ether have both ticked 0.2% lower, according to The Block's Prices Page.

Large-cap memecoins have also moved lower, with The Block’s GMCI Meme index, comprising the leading memecoins by market capitalization, having …