u.today
Despite the apathetic performance of cryptocurrency market, meme coins on Solana (SOL) and Ethereum ($ETH) are printing impressive gains. Pepe ($PEPE) capitalization is back above $3.3 billion, while its trading volume exceeded $1.45 billion in equivalent.
$PEPE meme coin price surges by 26%; $WIF, $BONK post double-digit gains
Pepe ($PEPE), the third-largest meme cryptocurrency, demonstrates the largest gains today out of all top 100 cryptos by market cap. In just 24 hours, the $PEPE price added over 26%, while net trading volume in spot and futures pairs exceeded $1.4 billion.
$PEPE coin price jumps by 26%">Other meme cryptocurrencies also posted significant increases in the past day. Bonk ($BONK) added over 22%, while Shiba Inu ($SHIB) and Dogwifhat ($WIF) added 10.4% and 16%, respectively.
The aggregated market capitalization of the meme cryptocurrency segment targets $50 billion after a 4.9% increase in 24 hours.
As covered by U.Today previously, major meme coins Dogwifhat ($WIF) and Pepe ($PEPE) accomplished Coinbase listings in April 2024.
The largest meme cryptocurrency, Dogecoin (DOGE), added 10% overnight.
Aggregated crypto capitalization only increased by 3.3% and is attempting to stay above the $2.32 trillion level.
$PEPE jumps into top 10 by trading volume, surpasses $XRP
The upsurge of $PEPE price resulted in $5.6 million of its futures positions liquidated. A total of 71% of the positions erased were shorts.
Also, Shiba Inu ($SHIB), spin-off on Ethereum ($ETH) and Arbitrum (ARB), reached its local trading volume high. $PEPE replaced $XRP as the ninth most traded cryptocurrency, with an aggregated volume over $1.45 billion.
While yesterday all meme cryptocurrencies were in red, today they seem to be leading the market recovery with excellent 10-30% gains.