A new wave of excitement is sweeping through through the cryptocurrency world, led by small-cap memecoins that are rapidly gaining momentum. While big names like Dogecoin and Shiba Inu have long dominated the scene, it’s the rise of underdogs like PEPE Coin (PEPE), BONK, and WIF that’s turning heads.
Billion-Dollar Club
Recent weeks have seen PEPE, BONK, and WIF achieve a remarkable feat by entering the exclusive billion-dollar market cap club. PEPE leads the pack with a staggering $4.47 billion market cap, followed closely by BONK at $2.23 billion and WIF surpassing $3.27 billion.
PEPE Coin’s surge has ignited a trading frenzy, with its 24-hour trading volume soaring to $2.48 billion, reflecting a remarkable 50% increase in value. Despite this surge, PEPE’s current price stands at $0.00001053, reflecting a solid 14% increase.
WIF Emerges Victorious
WIF has swiftly made its mark with a 38% surge in the past 24 hours, hitting an all-time high of $3.3. Daily trading volumes have doubled to $851 million, with WIF witnessing an astonishing 700% price surge over the past two weeks. Plans are in motion for a grand display of WIF’s mascot in the Las Vegas skyline, following a successful fundraising effort exceeding $650,000.
Bonk Rides the Wave!
BONK, a Solana-based memecoin, has surged by 20% in the past 24 hours, reaching an all-time high of $0.000036. This surge follows its recent listing on major crypto exchanges like BitMEX, with gains over the past two weeks soaring to an impressive 170%.
Meme Coins – An Investor Favorite?
As memecoins continue to seize the spotlight, investors are drawn to their potential for high returns. Santiment, a leading on-chain data provider, reports a significant uptick in memecoins as investors seek alternative assets with the promise of exponential growth.
The growing popularity of memecoins underscores a broader trend of diversification within the crypto space. Investors are increasingly exploring beyond traditional cryptocurrencies, enticed by the allure of meme-driven phenomena and the promise of lucrative investments.
