Industry executives disapprove as Dogecoin, PEPE, BONK lead meme surge
DOGE, PEPE, and BONK are meme leaders as the industry rises.
Swedish investment company Valour established the first DOGE ETP as US cryptocurrency ETF speculation rises.
Meme currencies should be replaced with real goods, according to Binance co-founder Changpeng Zhao.
On Wednesday, meme coins like Dogecoin (DOGE), PEPE, and BONK led the rally. With a DOGE ETF expected in the US next year, industry professionals discussed meme currency investment.
Top meme currency gainers today: DOGE, PEPE, BONK
The meme industry has performed well since the US presidential election in recent weeks due to considerable attention.
Top tokens like DOGE, PEPE, and BONK led the meme category's 4% gain in 24 hours.
PEPE tops the rise with 10% gains in 24 hours. PEPE has grown significantly after Donald Trump's election.
Recent events have helped Dogecoin (DOGE) rise above 6%.
Swedish investment company Valour established the first DOGE ETP on Tuesday, a major milestone for DOGE. ETPs will exchange meme coins for the first time.
BONK rose 6% in 24 hours. Exchanges are listing more meme currencies, indicating increased demand from traders and investors.
However, a few KOLs commented on meme tokens' recent strong trend.
These major speakers saw the meme trend, saying the crypto business may need to invest in other assets.
The discussions began after Binance co-founder Changpeng Zhao said on X that meme currencies are "getting a little weird now."
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