$PNUT: Why it could be the next big MEME coin
Today we take a look at the popular MEME tokens as a whole!
After SHIB was launched on Binance, its market value soared tenfold from 4 billion to 40 billion within a month. PEPE also increased tenfold from 370 million in one month after its launch on Binance. SHIB failed to achieve greater success due to the big bear market that started at the end of 2021, but it also brought the MEME concept into the public eye.
PEPE has continued to hit new highs with the help of favorable funding factors such as ETFs in this bull market. Its market value now reaches US$8.8 billion, making it the new leader in the MEME field.
As an old MEME currency, DOGE is supported by Musk. If the payment benefits are realized, there is still room for growth, but its profit and loss ratio is uncertain. For these currencies, the subsequent explosion range, shipment timing and callback depth are difficult to predict. However, MEME currencies are mainly driven by market sentiment and FOMO psychology, and the first round of sharp rise is often the most impressive, usually up to ten times.