Meme coin enthusiasm continues in recent weeks. While big players like Dogecoin (DOGE) and Shiba Inu (SHIB) are taking a breather after the recent rise, small-cap meme coins are not stopping. Especially PEPE coin, WIF and BONK experienced an increase. Here are the details…
Small players like PEPE coin broke records
Trading volumes for small-cap meme coins such as PEPE Coin (PEPE), dogwifhat (WIF), and BONK have surged sharply, all reaching new highs. As of the date of writing, the PEPE coin price increased by 14% to $ 0.00001003, while its market value reached $ 4.22 billion. Additionally, PEPE became the ninth most traded cryptocurrency with daily trading volume increasing by 100% to $2.3 billion. In the last two weeks alone, the price of PEPE has jumped a whopping 820%, reaching its highest level ever.
This sudden rise in PEPE Coin price cryptokoin.com As we reported, it came with increasing speculation that Elon Musk would support the meme coin. On the other hand, dogwifhat (WIF) rose by 30% in the last 24 hours, reaching its new peak of $ 3.0, and its market value reached $ 3.0 billion. Additionally, dogwifhat’s (WIF) daily trading volume increased by 100% to $700 million. In the last two weeks, dogwifhat (WIF) price has also increased by a staggering 700%.
Solana’s meme coin also rose
Dogwifhat (WIF), known as Solana’s meme coin, broke a record by raising over $650,000. As a result, plans are underway to gain a prominent place in the Las Vegas skyline. Dogwifhat’s mascot, which has a particularly “Shiba Inu-themed” design, will adorn the Las Vegas skyline for a week.
Similarly, Solana-based meme coin BONK is currently trading at an all-time high of $0.00003366, rising 13% in the last 24 hours and reaching a market cap of $2.2 billion. The rise in BONK price follows its recent listing on leading cryptocurrency exchanges such as BitMEX. BONK’s gain in the last two weeks is a staggering 170%.
Investment tendency towards meme coins
Santiment, a leading on-chain data provider, reported a significant increase in meme coins as Bitcoin reached a new high, surpassing $73,600. The remarkable performance of meme coins coincides with Bitcoin’s continued rise in March. This situation shows a significant trend of profit redistribution into speculative assets characterized by low liquidity. With each increase in Bitcoin’s price, investors appear to rapidly reallocate their profits to these alternative assets, reflecting the growing appetite for high-risk investments within the cryptocurrency market.
To be informed about the latest developments, follow us Twitter’in, Facebookin and InstagramFollow on . Telegram And YouTube Join our channel.