PEPE, FLOKI, POPCAT and more soar in double digits

TL; DR

The meme coin sector saw a significant resurgence, with top coins Dogecoin and Shiba Inu up 7% and 8%, respectively, and others showing gains of over 20%. Despite its rapid and often volatile price swings, the group's total market capitalization has briefly exceeded $55 billion.

Table of Contents

Toggle

The coinage of memes

The MemCoin sector has seen a huge upswing in the past 24 hours, with many assets well into the green territory. The leaders in market capitalization – Dogecoin (DOGE) and Shiba Inu (SHIB) – increased by 7% and 8% respectively.

However, many others have surpassed it with more impressive discoveries. Frog-themed PEPE (PEPE) surged more than 20% to record a new all-time high. As the momentIt is the third largest token in the realm, with a market capitalization of nearly $4.3 billion.

FLOKI, POPCAT and MAGA are out in double digits. On the other hand, Solana-based Cat in the World of Dogs (MEW) is among the few that show minimal failures.

The total market cap of the meme coin niche has surpassed $55 billion in a short period of time, representing a 7% increase on a daily basis. Currently, the figure is around $54 billion.

Be careful though

Meme coins are often the first to rally strongly when the market starts to heat up. Significant value increases in a short period of time Duration of time It offers investors a chance to earn huge profits. However, price swings in the opposite direction are also frequent, which means traders should exercise extreme caution when entering the issue.

If you are about to enter the ecosystem, please watch our dedicated video to protect yourself from some common mistakes: