Small Cap Meme Coins PEPE, WIF and BONK Hit New All-Time Highs, What’s Cooking?
On-chain data reveals significant capital movement from Bitcoin gains into meme coins such as PEPE, BONK, WIF, and others.
The meme coin frenzy has been robust in recent weeks! While major meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) pause after significant surges, smaller-cap meme coins show no signs of slowing down anytime soon.
The recent surge in the PEPE Coin price comes amid growing speculation of Elon Musk’s support for the meme coin.
On the other hand, dogwifhat (WIF) has surged 30% in the last 24 hours hitting its new all-time high at $3.0 with its market cap of $3.0 billion. Over the last two weeks, the dogwifhat (WIF) price has also surged by a staggering 700%.
The Solana memecoin known as dogwifhat (WIF) has achieved a fundraising milestone, amassing over $650,000. As a result, plans are underway for a prominent display in the Las Vegas skyline. Notably, the mascot of dogwifhat, featuring a “Shiba Inu-themed” design, will grace the Las Vegas skyline for a duration of up to one week.
Similarly, the Solana-based meme coin BONK has also surged 13% in the last 24 hours currently trading at its all-time high of $0.00003366 with a market cap of $2.2 billion. The BONK price rally comes on the backdrop of its recent listing by top crypto exchanges like BitMEX. The BONK gains over the last two weeks stand at a staggering 170%.
The remarkable performance of meme coins coincides with Bitcoin’s continued ascent in March, indicating a notable trend of profit redistribution towards speculative assets characterized by low liquidity. With each surge in Bitcoin’s price, investors appear to be swiftly reallocating profits to these alternative assets, reflecting a growing appetite for high-risk investments within the cryptocurrency market.
Is this code BTC cryptobox?
BPGR2XFU1Z
Wait for updates, my friends 💫
