Major memecoins have been "pinned" over the past week, with Dogecoin, Shiba Inu and Pepe exploding by triple digits.
What happened: in the last 24 hours, the market value of memcoins rose 39% to $44 billion, with overnight trading volume totaling $17.6 billion, according to CoinGecko.
Trading activity in Bitget's #meme zone surged, with daily trading volume on Feb. 29 up more than 480% from Feb. 26. The number of daily trading users in the meme zone increased by 147% over the same period.
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