Animal memecoins have tripled, quadrupled in the past month.
Memecoin traders are locked in a war of sorts, with the frog, dog and cat-themed tokens seeing triple- and quadruple-digit gains in the past month as the crypto's value has hit all-time highs.
In the last 24 hours alone, dog-themed coins have generated over $24.2 billion in trading volume, led by Dogecoin (DOGE) and Shiba Inu (SHIB), while cat-themed coins such as Solana-based PopCat (POPCAT) have been created. $63.4 million in the same time frame, according to CoinGecko data.
Some animal-themed signs, however, have been performing better than others.
Last month's best-performing dog token was Solana-based memecoin dogwifhat (WIF), which posted a 620% gain over the previous month, rising from $0.22 on February 4 to $1.55 at press time. .
In the year Since its inception on November 20, WIF has posted returns of over 100,000%, although very few traders could have realized such returns on the token.
Meanwhile, the best-performing cat coin is Solana-based PopCat (POPCAT), which has gained more than 1,400% in the past 30 days, rising from $0.006 on February 4 to $0.10 at press time.
Dogecoin experienced a sudden increase in the last week, gaining a little more than 117% in the last seven days. Similarly, Shiba Inu posted gains of over 323% over the same time frame.
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Outside of felines and dogs, a small number of frog-themed tokens are strong performers, with memecoin Pepe (PEPE) leading the pack.
Having fallen nearly 83% from its May 6, 2023 peak, Pepe saw a rapid rise in price and trading volume on February 25.
Pepe surpassed its previous all-time high of $0.00000372 on March 2 and has since doubled. Pepe is changing hands for $0.00000802 at press time, a 781% gain over the past 30 days.
On its own, Pepe generated more than $4.2 billion in trades in the last 24 hours.
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