As of late, the meme coin sector has skilled a major develop, mountaineering over 13% within the past 24 hours. Within the span of the final four days, the meme token economic system has expanded by $3.77 billion, with tokens reminiscent of pepe (PEPE) and corgiai (CORGIAI) reaching beneficial properties within the double digits.
Meme Coin Market Swells
On Feb. 23, 2024, the value of the meme coin market stood at an $22.26 billion. Precise three days later, it elevated by $3.77 billion, reaching a brand contemporary high of $26.04 billion. In essentially the most smartly-liked 24-hour duration, meme tokens enjoy considered a worldwide trading volume of $4.13 billion. Dogecoin (DOGE) loved an 11.6% develop over the final day, while the second-leading meme asset shiba inu (SHIB) seen an 8.7% upward thrust in opposition to the U.S. buck on Tuesday.
Bonk (BONK) outperformed every DOGE and SHIB, ascending by 16.8%, with pepe (PEPE) leading the value among the many pinnacle five, boasting a 35.5% develop in opposition to the buck. In all places in the last week, PEPE’s value has skyrocketed by 71.1% when in contrast with the U.S. buck. In disagreement, CORGIAI most smartly-liked by 29.4% over the week, despite a slight 2.3% decrease within the final 24 hours. Dogwifhat (WIF) surged by Forty five.3% on Tuesday by myself, marking a 49.3% uptick over the past seven days.
A complete lot of meme money that skilled notable increases encompass FLOKI, MEME, TRUMP, and BABYDOGE. On the flip aspect, SOLAMA, PORK, MINU, and HIPP seen their values decline by 6.4% to 11.2%. Primarily the most recent records unearths that DOGE instructions 52.57% of the meme coin market portion, while SHIB represents 23.73% of the market’s $26.04 billion value. On the quite quite a bit of hand, every DOGE and SHIB signify 0.9247% of the overall $2.15 trillion crypto economic system.
What manufacture you imagine relating to the meme coin economic system swelling by $3.77 billion over the past four days? Part your suggestions and opinions about this field within the feedback piece under.
