Meme coins enjoy ‘mini breakouts,’ market cap reaches new all-time high
Meme coins are gaining traction and whales are likely to push the assets further as the market cap hits a new all-time high.
According to the market intelligence platform Santiment, leading meme coins show signs of “mini breakouts.” These assets see notable spikes in their social activity over the last eight days.
Large meme coin holders would likely push the prices to create FOMO (fear of missing out) among retail investors to take profits potentially,
Meme coin market cap at new ATH
Thanks to the recent upward momentum, the total meme coin market cap reached an ATH of $134 billion earlier today, according to data.
Dogecoin and Shiba Inu Shiba Inu
2.01%
Shiba Inu are leading the pack with $67 billion and $18.6 billion market caps with mild gains over the past 24 hours.
Pepe, however, rallied to an ATH of $0.0000266 late Saturday. The meme coin is still up 12% in the past 24 hours despite a slight correction to $0.0000245.