PNUT, PEPE, MOG, WIF and POPCAT turn bullish: memecoin values ​​soar

Meme coins are becoming the stars of the crypto market’s bull cycle, with Peanut the Squirrel (PNUT), Mog Coin (MOG), Pepe (PEPE), dogwifhat (WIF) and Popcat (POPCAT) having strong performances over the past 24 hours, heading into the Significant growth, the overall market value of meme coins surged 6% in just one day, surpassing the $123 billion mark.

According to data from CoinMarketCap, the market capitalization of meme coins has climbed from $55 billion on November 5 to more than $123 billion currently. This explosive growth is mainly due to the sharp rise in the prices of Dogecoin (DOGE), Shiba Inu Coin (SHIB) and the above-mentioned meme coins.

Among them, PNUT has been one of the most eye-catching currencies in the crypto market recently, with an increase of 138% in 24 hours. The current trading price of PNUT is US$2.11, with a market value of US$2.11 billion, ranking 52nd on CoinMarketCap. In the past week alone, PNUT has increased by more than 1,447%, and it has increased by an astonishing 3,891% in 30 days.