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The top 100 memecoins have recorded impressive price actions lately, pushing their combined market cap to $26.5 billion, following significant 24-hour recoveries. The metric stood at $26,460, 338,262 billion during this publication.
Also, the asset class saw its trading volume jump by nearly 130% to $6,055,069,436, indicating heightened investor activity and interest in meme cryptocurrencies.
PepeCoin steals the show
$PEPE has dominated trends recently due to its bullish performance. The altcoin led today’s crypto gainers as it soared 32% over the past day to press time levels of $0.000002684. PepeCoin yielded over 145% returns for its investors within the past week.
$PEPE trades at value areas not seen since May last year. The remarkable performance has seen the altcoin climbing to 73rd in the overall crypto list, with $1.164 billion in market cap.
PepeCoin investors cashing out profits
Etherscan data shows some $PEPE holders have taken the ongoing price surge as a chance to enjoy profits. States show six wallets sold $4.37 million worth of PepeCoin (1.98 trillion coins) on Binance to realize profits.
The price of $PEPE has surged by over 60% today!
— Ayden (@aydennolanai) February 27, 2024
Six wallets sold 1.98 trillion $PEPE ($4.37 million) to secure profits, resulting in a total profit of approximately $2 million.
The wallet "0xa145" deposited 486.72 billion $PEPE ($1.04 million) to #Binance six hours ago,… pic.twitter.com/P5BSewtnlr
One wallet deposited $1.04 million in $PEPE to the exchange six hours ago and realized around $515,000 in profits. Meanwhile, the remaining five sent PepeCoin worth $3.3 million to Binance and accumulated $1.49 million in returns.
Other dog-themed digital coins recorded significant gains over the past day. Floki, Dogwifhat, and Memecoin jumped 20%, 28%, and 8%, respectively. Also, the sector’s top token, Dogecoin (DOGE), soared 5.99% within the previous 24 hours.
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