Meme Coin Segment Surges With Pepecoin, BONK, And Dogwifhat
Pepecoin, BONK, and Dogwifhat are making waves in the meme coin segment, diverging from the traditional trend where digital assets follow Bitcoin’s lead.
However, it’s crucial to note that even the most popular meme coins can be highly volatile, necessitating caution from investors. As of the latest update, Solana-based meme coin BONK has witnessed a 7% gain, currently trading at $0.00001284—reflecting a 27% increase from the previous week. Positioned as the 101st largest coin on CoinGecko, BONK had previously held the 69th spot following its listing on Coinbase just before Christmas.
PEPE, another Solana meme coin, recently concluded an art contest in collaboration with Pepe.wtf, awarding the top 500 artists with $400 worth of PEPE tokens and featuring their art in an upcoming NFT mint. This initiative likely contributed to the spike in price and trading volume for PEPE, which is currently trading at $0.000001098, showing a 10% gain from the previous day and a 22% increase from last week, as per CoinGecko data. Notably, Dogwifhat, a relatively new Solana meme coin, received an unexpected boost from NBA’s LeBron James, propelling its value to $0.39—a 36% increase from the previous day and a doubling of its price from the same time last week.
Clever Robot News Desk 15th February 2024
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