Meme Coin Sector Surges with Notable Growth and Performances
The meme coin sector has witnessed a substantial surge, with a remarkable 13% increase.
Over the past four days, the meme token economy has grown by an impressive $3.77 billion, driven by notable performances from tokens like pepe (PEPE) and corgiai (CORGIAI), which achieved double-digit gains. On February 23, 2024, the meme coin market had a valuation of $22.26 billion, but within just three days, it reached a new height of $26.04 billion, registering a $4.13 billion global trading volume in the most recent 24-hour period.
Leading the charge among the top five meme assets, pepe (PEPE) demonstrated a substantial 35.5% increase against the U.S. dollar, while DOGE and SHIB enjoyed 11.6% and 8.7% gains, respectively. Bonk (BONK) outperformed them all with a remarkable 16.8% ascent, and over the past week, PEPE’s value skyrocketed by an impressive 71.1%. The meme coin market continues to witness dynamic shifts, with notable performances from various tokens, while DOGE maintains its dominance with a 52.57% market share.
Clever Robot News Desk 28th February 2024
