This Bitcoin-Linked Meme Coin Explodes Almost 3,000% In One Month: Details

TL; DR

One meme coin on the Bitcoin network reached an ATH of over $70 as its price surged.
The field is making huge gains but it comes with high volatility which can lead to significant losses alongside potential gains.

The meme coin sector is a hot trending topic in this bull cycle because their value has increased in a short period of time.

An obvious example is the recently released PUPS (ORDINAL). Its price is up nearly 1,000% every week and has exploded a staggering 2,800% in the past month, peaking at over $73 on April 12 (per CoinGecko data).

PUPS' market capitalization has increased by more than $500 million, making it the 12th largest in its group.

The asset is the first meme coin on the Bitcoin network. It is completely community-driven, emphasizing meme-based engagement over practical application.

PUPS isn't the only brand of its kind to make headlines of late. Shiba Innu (SHIB), dogwifhat (WIF)BONK, Book of Memes (BOME)Slerf (SLERF) and others experienced spectacular price rallies.

The second largest meme coin by market capitalization – SHIB – was crypto's rock star earlier last month. Swing in three digits. Its market capitalization exceeded $25 billion in a short period of time, placing it among the 10 largest cryptocurrencies.

Dealing with meme coins brought huge profits to savvy traders who entered the ecosystem in the early days. as a Cryptopotato reporteda SHIB investor turned $2,500 into more than $2.5 million, while a YF trader made more than $5 million with an initial investment of just $310.

However, jumping on the bandwagon can result in significant losses due to the volatility seen in the sector. Please watch our dedicated video to see the most common mistakes that successful traders should avoid when entering the business: