Amid a flurry of activity in the meme coin market, Peanut the Squirrel (PNUT) has quickly risen to prominence, surpassing Dogwifhat (WIF), Pepe (PEPE), and Bonk (BONK) in recent rankings. Thanks to a successful Binance listing, PNUT has achieved a $1 billion market cap in just two weeks, outperforming its rivals. This token’s rapid growth is fueled by viral popularity and strong trading volumes, positioning it as a top contender in the meme coin space. Meanwhile, other tokens like WIF and PEPE, despite their recent gains, are now playing catch-up as PNUT solidifies its spot among the top 50 cryptocurrencies on CoinMarketCap.
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Dogwifhat Price Breaks Key Resistance Level, Faces Potential Correction Amid Bullish Pressure
The Dogwifhat (WIF) token recently breached the $3.8303 resistance level, aiming to establish stability above this crucial mark. If WIF sustains its position above $3.8303 for the next 12 hours, it may build the technical momentum needed to target the $4.4413 barrier. A successful breakthrough could propel the token towards the $5.0845 level.
However, technical indicators on WIF’s 4-hour chart signal a possible correction. The MACD is narrowing towards its signal line, while the 9 EMA approaches the 20 EMA, hinting at weakening bullish momentum. Selling pressure has also increased recently, indicating that WIF may struggle to maintain support at $3.8303. Should the price slip, traders could see a decline to the $4.4157 support zone.
Meanwhile, rival meme coin Crypto All-Stars (STARS) continues to attract interest, raising over $3.5 million in its ongoing ICO. Investors are drawn by high staking rewards of up to 459% APY, making STARS a competitive player in the meme coin market.
Pepe (PEPE) Coin Soars 85% Following Coinbase Listing, Whale Activity Drives Market Frenzy
Pepe (PEPE) coin experienced an 85% surge in the past 24 hours, reaching $0.00002243 after its recent listing on Coinbase. This rally catapulted its market cap to $9.39 billion, drawing significant attention from traders. The token’s trading volume also skyrocketed by 215%, with $20.3 billion traded in a single day, showcasing heightened investor interest.
Behind this sharp increase, whale activity played a key role. A prominent whale deposited 52.62 billion PEPE, worth $10.03 million, into Binance, securing a $5.04 million profit within just eight days. This move comes as Coinbase launched the PEPE-USD trading pair on November 13, prompting a 61% price jump on the listing day.
Bonk Coin Surges to 5-Month High Amid Market Optimism and Binance US Listing
Bonk (BONK) coin has seen a remarkable surge this week, reaching $0.000034, its highest level in five months. This uptrend follows a positive shift in the crypto market, largely driven by Donald Trump's recent election victory. The rally has benefited various meme coins, including Bonk, boosting overall market sentiment.
Adding to the momentum, Binance US recently listed Bonk, allowing users to trade the BONK/USDT pair starting November 13. This listing has opened up trading opportunities for thousands of investors, further supporting Bonk’s price increase.
Peanut the Squirrel Hits $1B Market Cap in Just Two Weeks
Peanut the Squirrel (PNUT) has crossed $1 billion in market valuation only two weeks after its introduction, owing to its recent Binance listing. The token's fame derives from a famous TikTok video about a squirrel named Peanut. With over 49,000 wallets holding PNUT, it currently trades on Binance, accounting for nearly half of its volume. Despite this, PNUT is aiming for a $1.5 billion valuation, a top contender for further growth in the meme coin market.
Conclusion:
Peanut the Squirrel (PNUT) has shaken up the meme coin landscape, surpassing Dogwifhat (WIF), Pepe (PEPE), and Bonk (BONK) in both market cap and momentum.
With a stunning rise to $1 billion in market value following its Binance listing, PNUT continues to attract attention, aiming for a $1.5 billion target.
This rapid ascent highlights its growing influence as it secures a position in the top 50 on CoinMarketCap. Meanwhile, WIF, PEPE, and BONK struggle to keep pace, proving that in the fast-evolving meme coin arena, new challengers can quickly outshine the old favorites.
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