$4 Billion Influx Bolsters Meme Coin Sector Ahead of Federal Reserve Meeting
The meme coin economy surged on Wednesday, with nearly $4 billion injected ahead of the U.S. Federal Reserve meeting.
BENJI led the charge with a 36.9% gain, followed by MAGA rising 23.2%, and DOG gaining 22.1%. This boost propelled the meme coin market to a total value of $61.87 billion from $57.98 billion in just 12 hours, driving 9.02% of the day’s $82.9 billion global trading volume. Notably, PEPE also saw an 11.2% daily increase, showcasing the broader interest in meme tokens amidst market anticipation of the Fed meeting’s outcomes.
Clever Robot News Desk 13th June 2024
