Pepe Price Surge Spearheads Soaring Meme Coin Rally As WIF, WEN, FLOKI, MYRO And BONK All Ignite

The Pepe price is leading a soaring meme coin rally with a 53% surge during the past 24 hours and a parabolic 191% climb over the past week.

The meme coin is trading at $0.0000033 as of 6:30 a.m. EST following its stellar 24-hour performance. Solana meme coin Dogwifhat (WIF) had the second-highest gain as Wen (WEN), FLOKI (FLOKI), Myro (MYRO) and Bonk (BONK) all soared.

Pepe Price Pumps As Meme Coin Market Soars 

The meme coin market overall saw a 9% uptick in its collective market capitalization over the past 24 hours, boosting the sector’s valuation to above $27.6 billion. Its overall trading volume followed a similar trend, soaring over 91% to around $6.79 billion.

Pepe also experienced a doubling in its 24-hour trading volume to $1.8 billion, and it easily outperformed the market leaders Bitcoin (BTC) and Ethereum (ETH). BTC posted a 4% gain while the largest altcoin in terms of market cap saw its price rise just under 2% during the same period.

Data from Coinglass shows that the market’s latest rally caused approximately $4.4 million in short Pepe positions to be liquidated during the past trading day.

What Comes Next?

Following Pepe’s impressive performance, other frog-themed coins may begin to surge soon. This could benefit the recently launched Frogwifhat (FWIF), which soared 226% within minutes of going live on Feb. 26. New Solana meme coin challenger Smog (SMOG) also looks well positioned to gain amid the hype around its coming airdrop, said to be the greatest in history.

Aside from those, meme coin presales might also benefit from the rally amid expectations that they may explode on pent up demand and unrealised potential when they do list.

Two new launches that are ranked highly by many analysts are Scotty the AI and SPONGE V2, the latter of which saw its predecessor, Sponge V1, explode 100X on launch last year. Meanwhile, GameFi star Meme Kombat is due to list in just six days. 

Related Articles:

  • Best Penny Crypto Investments: Top Picks for Explosive Growth in 2024!
  • Can Frogwifhat Meme Coin Leap Over Dogwifhat? New Crypto Fair Launch Soars On Uniswap Amid Rumors Of Big Influencer Backing
  • Bitcoin Price Prediction: Top Trader Peter Brandt Hikes 2025 BTC Target To $200K As Bitcoin Surges 9% In A Week And Experts Say This Green BTC Token Might 10X

Comments

Post a Comment

Popular posts from this blog

STX Hits 52-Week High! Ascending Channel Points to Bullish Trajectory

Image
Stacks (STX) soars 8.74% in 24 hours, hitting a 52-week high at $2.06, riding the crypto wave. STX’s rise is attributed to Bitcoin optimism and its role as a layer 2 solution. Technical analysis points to a bullish trend, aiming for $2.6, but watch out for potential corrections at $1.6. Stacks (STX) has continued its upward trajectory, with its price recently reaching a 52-week high of $2.06, marking an 8.74% increase in just 24 hours. This surge is part of a broader trend that has seen the cryptocurrency gain 749% over the past year. Market analysts attribute this impressive performance partly to the growing optimism surrounding the potential approval of a spot Bitcoin ETF, which could further galvanize the cryptocurrency sector. STX/USD 24-hour price chart (source: CoinStats ) During the bull rally, STX’s market capitalization and 24-hour trading volume surged 9.45% and 24.95%, to $2,852,664,529 and $715,025,179, respectively.  Stacks as a...
Read more

XAI tanks by 20% after airdrop and Binance listing

Image
The layer-3 gaming token fell by more than 20% after an airdrop and Binance listing on Jan. 9. According to CoinGecko, the layer-3 gaming token Xai has fallen by more than 22% in 24 hour trading. The current price of the token is $0.5231. X rate fell sharply just a day after reaching an all-time high on Jan. 9, in which the price of the coin was $0.7734. Source: CoinGecko The token price collapse occurred shortly after Xai held its first major gaming token airdrop in 2024. According to the Xai Foundation, it offered 125 million XAI tokens (or 5% of the total token supply) to eligible users, including holders of certain Xai NFTs and those operating gatekeeper nodes or validators that help support the network. Dear Xai Community, As we approach the XAI token claim, it's crucial to stay vigilant against potential scams. Please carefully read and follow these guidelines: Official Contract CLAIM Address: The ONLY legitimate $XAI airdrop claim contract address is… — XA...
Read more

Bitcoin Price Prediction: MicroStrategy Boosts BTC Ownership To 1% Of Supply As This Eco-Friendly Alternative Soars Towards $7 Million

Image
The Bitcoin price gained slightly in the last 24 hours to trade at $63,857.08 as of 9:05 a.m. EST as investors tentatively accumulate the crypto. During BTC’s 12% correction over the past 7 days, MicroStrategy bought another 9,245 bitcoins for $623 million in cash between Mar. 11 and Mar. 18, according to a Mar. 19 statement . Following this latest purchase, the company’s total BTC holdings stand at 214,246 BTC, which is more than 1% of the crypto’s total supply of 21 million coins. The Bitcoin Price Bounces Off Of A Key Support 4-hour chart for BTC/USDT (Source: TradingView ) The Bitcoin price rebounded off of the $61,481.65 support level in the last 12 hours. Should bulls continue to push the market leader’s price higher, it may attempt to reclaim a position above $65,847.29 in the coming 48 hours. A 4-hour candle close higher than this significant price point could then give BTC the foundation needed to keep climbing. In this more bullish scenario, th...
Read more