Pepe’s market capitalization has doubled in the last two days, and its price has increased by around 400% over the last week.
Trending like Pepe, Floki, Bonk, and others have experienced a significant surge in value over the last week due to the meme coin fever. The price of the meme coins has increased by more than 500%, and trade volume has increased by around 3,000%. Data released by Sentiment shows that during the past week, the average volume of Pepe `PEPE} tickers down $0.000007}, Floki (FLOKI), Shiba Inu `SHIB} tickers down $0.000027}, and Bonk (BONK) has increased by over 3,000% due to significant changes in public interest and prices, with many meme coins setting new all-time highs (ATH). In addition to an increase in trading volume and price, meme coins have seen a sharp rise in social activity.
Ethereum-driven In the last week, Pepe’s price has increased by more than 370%. It trades at 0.00000682 with volume in the billions as of this writing. According to market capitalization, Pepe’s token is rated 44th, but its trading volume currently places it eighth. In just two days, Pepe’s market capitalization increased from $1.5 billion to $3 billion.
Based in Solana In the last week, Bonk’s price has increased by 190% and is currently trading close to its ATH of 0.0000345. On the weekly price charts, Floki has had a 350% increase, placing it 16th in terms of trading volume. In comparison to more well-known meme coins like Dogecoin DOGE, those that have experienced triple-digit growth in the last week are relatively new. tickers down by $0.16 and SHIB.
The top meme coins from the previous cycle also show bullish growth: SHIB is up 175% and DOGE is up 90% every week.
The recent bull run in 2021, which Dogecoin spearheaded with Elon Musk’s support, is comparable to the memecoin mania. Some investors have made a sizable return on their investment in a short amount of time thanks to memecoin cycles and price volatility. But a lot of other people frequently lose a fortune. Memecoins, in the opinion of several industry professionals, are a bad reflection of the crypto market overall.
As a result of their massive increase during bull runs, the majority of meme coins also experience a strong decrease in value thereafter, with some losing more than 80% of their peak value.
