Despite the apathetic performance of the cryptocurrency market, meme coins in Solana (SOL) and Ethereum (ETH) are generating impressive gains. The capitalization of Pepe (PEPE) has once again exceeded $3.3 billion, while its trading volume exceeded $1.45 billion in equivalent.
Despite the apathetic performance of the cryptocurrency market, meme coins in Solana (SOL) and Ethereum (ETH) are generating impressive gains. The capitalization of Pepe (PEPE) has once again exceeded $3.3 billion, while its trading volume exceeded $1.45 billion in equivalent.
PEPE meme coin price increases by 26%; WIF and BONK post double-digit gains
Pepe (PEPE), the third largest meme cryptocurrency, demonstrates the largest gains today among the top 100 cryptocurrencies by market capitalization. In just 24 hours, the price of PEPE increased by more than 26%, while the net trading volume in spot and futures pairs exceeded $1.4 billion.
Other meme cryptocurrencies also recorded significant increases in the last day. Bonk (BONK) added over 22%, while Shiba Inu (SHIB) and Dogwifhat (WIF) added 10.4% and 16%, respectively.
The aggregate market capitalization of the meme cryptocurrency segment is targeting $50 billion after a 4.9% rise in 24 hours.
As Guru-Investingpreviously reported, major meme coins Dogwifhat (WIF) and Pepe (PEPE) managed to list on Coinbase in April 2024.
The largest meme cryptocurrency, Dogecoin (DOGE), added 10% overnight.
The aggregate crypto capitalization only increased by 3.3% and is trying to stay above the $2.32 trillion level.
PEPE jumps into top 10 by trading volume and surpasses XRP
The increase in the PEPE price caused the liquidation of $5.6 million of its futures positions. A total of 71% of the eliminated positions were short.
Additionally, Shiba Inu (SHIB), a spin-off of Ethereum (ETH) and Arbitrum (ARB), reached its maximum local trading volume. PEPE replaced XRP as the ninth most traded cryptocurrency, with an aggregate volume of over $1.45 billion.
While all meme cryptocurrencies were in the red yesterday, today they appear to be leading the market recovery with excellent gains of 10-30%.
